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Xtract Share Chat (XTR)



Share Price: 0.23Bid: 0.22Ask: 0.24Change: 0.00 (0.00%)No Movement on Xtract
Spread: 0.02Spread as %: 9.09%Open: 0.23High: 0.23Low: 0.23Yesterday’s Close: 0.23


Share Discussion for Xtract (XTR)


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Spacemen
Posts: 2,268
Observation
Opinion:Strong Buy
Price:0.23
Affe
Today 13:12
This paragraph taken from the earlier link is worth reading but I thought there were more than two main principal shareholders alas I invest in around ten companies at any one time hence it says two so two it must be. Ooops ..... three with XTR ..... :-)

Global Oil Shale Group Limited was established in 2011 by its principal shareholders Baker Steel Capital Managers and ECAP Investments, both resources focused investment management companies with approximately US$ 1.5 billion in combined funds under management and headquartered in London
 
Spacemen
Posts: 2,268
Answer
Opinion:Strong Buy
Price:0.23
Affe
Today 13:03
No worries mate . This link to Global Oil Shale ( GOS ) might help you with your research into oil shale production . I need not add we own 9.1% of GOS but during past research I found there were only half a dozen share holders of the whole company . Alas it's in the interest of these larger share holders that GOS , iPO's on a stock market since I read a while back they were eager to get their original money out . I've not kept any of the information with regards to the Australian governments go ahead for oil shale production but I'm sure a Google scan will answer many of your questions . Here's the link ...... : http://globaloilshale.com/
Affe
Posts: 169
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (3)
RE: Affe
Today 11:56
spaceman, I was asking for thoughts/information.

So your post saying "Please post your research notes in the company GOS that gives you the opinion mining for shale oil is uneconomic ." was wide of the mark.

I clearly stated that I wanted information as my EXPECTATION was that it was uneconomic. I was challenging my OWN assumptions and asking for any intel' you may have.

So - no need for defensiveness. I am sure that we will have opportunities to lock horns at some point, but not on this.

I cannot find any information about mining oil shales successfully and in an economic manner. Do you have any?
Spacemen
Posts: 2,268
Answer
Opinion:Strong Buy
Price:0.23
Riffgo
Today 09:24
I hope your bunny ears weren't twitching to much as I quoted your excellent research notes from around the 19th March ..... lol ........ no on a serious note GOS is the reason why I originally bought into XTR around the 0.11p mark after a tip off by Arsenal221 on another board . Since Jan Nelsons arrival most people tend to forget what an ace card we hold but then we got more than one ace card now ..... hey ..... :-)
Riffgo
Posts: 87
Observation
Opinion:No Opinion
Price:0.23
GOS
Today 08:58
Not sure what the bunny ears were about around Riffgo, but there's nothing clever in understanding the GOS position. You just have to read the relevant RNSs properly.
drif
Posts: 2,083
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (3)
RE: Affe
Tue 17:12
Post recommended spaceman.
Spacemen
Posts: 2,268
Question
Opinion:No Opinion
Price:0.23
View Thread (3)
Affe
Tue 15:50
Please post your research notes in the company GOS that gives you the opinion mining for shale oil is uneconomic . Then email Jan Nelson and ask him why he accepted payment for our 1% smelter Royalty in shares in said company rather than cash .

P.S. ........ Fracking for oil is expensive , has steep decline in production after the first month and generally speaking high risk . Just have a look at Range Resources , NTOG .... etc ..... to see what I mean . At least XTR with our GOS holding have a commodity backed by the Australian government for development don't have these declines to worry about .
drif
Posts: 2,083
Off Topic
Opinion:Strong Buy
Price:0.23
Affe
Tue 12:31
Im sure a few will not agree with you on here, there is some degree of optimisum for GOS and potential from Julia Creek.
Im not really a GOS believer ATM but if we get a GOS IPO and XTR gets 9%+ of the action and share price then im fine with that!
I also like opinions that are different but we have to be able to fight our corners aswell!
For now im very pleased with the progress on Chepica and if it continues and dept is held at 300$k and profits are in line with forecasts around this BB then a penny will come next year or soon after.
Thats exciting.
Action on a JV phosphate, thats really exciting too!
Affe
Posts: 169
Off Topic
Opinion:No Opinion
Price:0.23
GOS
Tue 12:06
I'd like opinions really - I have an expectation that absolutely nothing will come of 'mining' Oil shale - I just cannot see it being economic when frakking etc etc can retrieve oil by pump.

Any thoughts on this? Genuinely interested. I've dismissed the GOS holding in my mind, but is there a case for actually digging, crushing, treating etc to get oil out? Any examples of where this is happening already? An obvious parallel is Albertan Oil Sands but not familiar with mining Oil Shale.

Thx, Affe
Spacemen
Posts: 2,268
Off Topic
Opinion:No Opinion
Price:0.23
Mav2
Thu 22:53
I wrote my earlier post off cuff and stated XTR has a revised 8.25% holding in the company GOS . Now I've a bit more time I've checked back to verify this statement only to find a post on the 19th March by " Riffgo " highlighted we actually own 9.1% of the company GOS . The GOS smelter Royalty making up the extra 1.6% in the company after it's forced purchase from us by GOS . At the time I was disappointed we lost the smelter Royalty but good old / young ? " Riffgo " made it clear it was a good move for XTR .

Have a good Easter too mate , I second your prediction for the rest of the year ..... :-)



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