Xtract Share Price (XTR)

So far, alas... and, of itself, may easily not do even if/as it gently further progresses...

and recent SilverKing mine in Central Province Zambia JV RNS announcement did nothing to see buying interest in xtr.l shares either, so far, alas ...

and I think Mr Bird doing a Roast podcast on xtr.l would do little to help the s/p alas, UNLESS it was a follow up on an unequivocally tangibly progressive news VIA RNS !

Summer is at last in the air ; the Zambia drilling season is also now upon us and the xtr.l Bank balance is hopefully in a good place from Manica payments so far: So please up your meaningful RNS game very soon Mr Bird.

(This share can rally decently/quickly from such an extremely lowly level, I believe.. and Mr Bird's dirt on the for reputation in the eyes of many can be overcome by attracting a new generation of punter in here which in turn could restore a little faith amongst suffering existing share holders here .. and upward - sustainable - momentum therefore be at last re-established here)

IMHO & DYOR

There is a difference in comparison between the buy in JV terms of the two western foreland exploration licenses and Silverking with Cooperlemon

For the two WF licenses, is for an initial, but not less than US$2m spend for a 65% interest. Furthermore if first phase warrants the second phase then will see a further US$3m spend.

A sale before phase 1 is complete will see Xtr receive 55% then would increase to a 65% return into and during phase 2.

Cooperlemon are without option to increase or retain their present or adjusted interest with this buy in deal.

However, the structure of the Silverking buy in terms has the allowance for Cooperlemon to maintain its interest after the phase 1 buy in period by Xtr in the Licence through an option to earn back up to 70% by participating in the ongoing expenditure of phase 2

If they do not decide to contribute toward the US$1m spend toward phase 2 then xtr interest increases to 70%.

On face value, both WF licenses are clearly looking to be sold on, or at least there is an expectancy that it will be of high interest for M&A activity with any exploration success.

With the Silverking mine and surrounding areas of interest, Cooperlemon clearly has high hopes too for SK. Which on face value is looking to be a longer term mine development proposition to receive cash flow from.

What are others opinions on why the deals are structured differently?

Would value your opinion too BizzyLizzy

No Andrew, although strategy and what’s stated in company mission are no doubt echoed.

My point being, an investor has to have the confidence to not only just understand the supply and demand side of copper, but also be able to agree with their mission to exploit that need for demand. We are seeing the company ‘actively’ follow that plan with new acquisitions.

There is a good and very experienced management team , a plus for any backer with the biggest positive toward backing Xtr or any of the other in the stable of CB companies in fairness. An investor will, or should want to back someone that has previously defined a large resource and sold it.

It doesn’t matter if the sale of kalumbila was years ago, it is a rare occurrence. And one that the market should be reminded of or made aware of. Anyone that thinks he should be stepping down I think should reconsider on that basis.

Every analyst I’ve listened too recently are repeating all of those same things, that investors should be looking for when picking companies for their portfolios.

Excellent and accurate summary. You do not need the role of PR rep -or the title for that matter. Just continue as you are in your present niche !! That said, the PR from Xtract is abysmal. Always has been .Typical of all CB companies. He relies on the Roasties for PR and they are a laughing stock.

HZ

Did you get all that from the company website :)

If not, I would recommend you apply for the post of PR rep !