Afternoon affe, Whats going on with so many investors out there, this is by all accounts, sound. As Riffgo said a few times its going to be September to move this on actual quoted figures and profits in Black and White, something I quite believe.
Not gold but had my eye on DCP the last 2-3 years. Still a way off from hitting the kind of production numbers that would float my boat, but may be worth sticking in your watchlist. Impressed by the way they have raised funds etc for their project. lousy at comms but seem to deliver without chronic dilution. Would be a v v long term hold though.
At other AIM gold based stocks and its a shock, basically many not producing anything, located very poorly or in risky areas, heavily in dept, very high production costs and talk about potential everywhere. Add on that placings and drilling costs and the market cap of these other juniors makes XTR very attractive, can see this in time, perhaps September radically different from .23. Good morning all.
Hi Sacca, i know your in Houston and work for a large oil company, but just to ask you if you know of Houston based, Frontera Resources an Oil and Gas explorer and small producer working in Georgia, Europe? CEO is Steve Nicandros. Thanks
Key for me is the economic life of the mine (" LOM can easily be increased to well over 15 years") and the fact that according to the RNS in April we're already generating a profit. If we can post decent Q2 results from the mine then the sp should be interesting...
Don't want to come over all negative, but when you support a share for 7 years, irelevant of it's company name or chairman, you do wonder if you'll ever get that return or are you just chasing that carrot. I need to see some results and profits that suggest all the work is now coming to fruition and not just another doomed project and a slow demise. My message is stay positive, all the right signs are there, but don't expect anything. Proceed with caution. GL all.
I think if I'd been in here for 7 years I might feel a bit dissolusioned too. But not if you think think of this company from its change of name and Jan's arrival a year ago. Since then - in ONE year - the share price has doubled and been up to a 1/3 higher still. It has funding and two main assets: one coming into profit in Q2, the other about to be developed and it has a management team. It also has GOS. You bought into Xtract Energy - out of that disaster you've got 4m Xtract Resourse shares. It's only my opinion, of course, but I'd say in time you'll come to see you're one of the luckiest on here.
Hi Oberon, sorry if I can across a bit sniffy about the 'profit' figure you used, wasn't intended, just hi lighting that there was a more recent value, and this is the one I was using.
Re: Cash Neutral - spot on - anticipate they will reinvest 'chepica profit' - the Phosphate study that they are committed to delivering by (I think) Nov 2015 will cost a fair few bob for starters.
Also - have you read the detailed report on Chepica that's on the shiny new website? Most of it is over my head TBH but looks like there is a need for some investment there, as noted in the RNS, but the opening of 2 new mines is a very positive step. There is also (it seems) a reasonable need to buy some pit props and install some fans etc to get air moving and roofs not collapsing. No idea if this is factored into the number in the RNS.
All in all though, this is an interesting. Just shows that it's not the resource that makes the difference, but the ability to run and manage an efficient mine that is the key to shareholder value. Lost count of the number of decent resources that I have invested in just to see management make a pigs ear of exploiting it. Which is why this is my only Resources Jnr in the portfolio - bitten far too many times. Jan Nelson is why i am here. Resources are cheap, experience and delivery expertise are far far more valuable.
Just look at the Chepica report to see what I mean - it lays it out pretty bare in the report - the management was rubbish.
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