thanks " scouser " for clearing up the mcap . Didn't expect the company website to be wrong but as I said earlier current value in SP terms is a buy for me .... :-) ..... beginning to love this BB again some very informed people shedding light on complex issues .
While I have faith in JN (I have a few bob in XTR at 0.23p) one must remember that PanAf really took off when they did a deal with Metorex involving Barberton Mines. PAF brought C.A.R. and Manica into the deal, Metorex contributed three producing mines. The original PAF assets are essentially worthless today.
Its suprising but its wrong, its corret here and on the main AIM site. Sadly im already heavily here, id love to have had a meat clench to take on at this price, i think its an absolute steal, not unhappy to see 4p here down the line, but one really big question remains here, just how much cash can XTR get out of Chepica by the half year end, that may not be as much as hoped, but for 2015 id say that a shift-up in production to 16000 tons a month maybe on the JN plan, if so thats a huge Â£1m profit (operating) per month and would give XTR perhaps a SP of plus x7 the operating profit over the year, circ Â£90m (ramp, ramp!!!)
Spaceman, yes I'll certainly report on the AGM if no one else can go. As for topping up before I do that - I'm already invested here. I also think there's a risk in getting too excited about these results because they will exclude Chepica and funding etc. I know you disagree, but I believe that it will take until the half yearly results before things start hotting up. If you look at the PAF chart it took about a year from JN's arrival for Pan African to take off. Reckon this will go the same way. I'm hoping for 1p after the 2015 AGM and up to 4p over the following year or so. Of course, I could be wrong, but this (and Genel) is my only investment in AIM.
Drif I think you're spot on when you wonder what plans Colin Bird has for XTR. Polar Star's mission statement reads: 'The Company's strategy is to identify large, potential copper/gold systems and carry out initial work to establish strong technical fundamentals and thereafter bring in major joint venture partners.' I think Jan Nelson was attracted to join what was a broke company because CB knew he was the right man to develop the assets Polar Star can send his way. They complement each other. That's not to say JN is tied to everything Polar Star proposes, but It certainly takes a lot of the risk out of the business of proving up assets.
I totally agree with your 8.52 post in the sense Jan Nelson indicated the phosphate project is a company maker . Alas a lot of people forget last year when Jan Nelson arrived at XTR and accepted options of 50 million shares at 0.14p as his reward for all his contact information , experience and most importantly time this company was on it's knees . Saved only by our biggest investor TIR and the faith in the company by small Pi's like me and you . I noticed Jan's appointment at the Chepica project of familiar faces to him which I feel will speed up our revenue producing mine exponentially and can't wait to see the results at the end of the month . I noticed Riffgo is going to the AGM early June hence news regarding the phosphate project will hopefully be shared on this BB by said poster , obviously after he's topped up ...... lol
I've topped up at every opportunity and will carry on doing so with 0.21p being my buy trigger . Sad thing is I always end up paying more than that by the time I've the funds together to do so . Not that bothered though since I've already seen how quickly the MM's drive XTR , SP up on news and hold the next range .......... P.S your figures quoted A£7.8m and A£7.7m market cap maybe Aussie dollar values and not sterling . I noticed the market cap of Xtract Resources on it's website is £3.32m . Just a technicality and in no way sarcasm or dig since I might have read your post wrongly anyway attached is XTR website link .... http://www.xtractresources.com/
Its an amazing fact, the last RNS on Chepica specified a few facts of prodction increaces including upflows and grades, boiled down those figures mean on an annual basis the operating profit from Chepica are Â£7.8m against a market cap of Â£7.7m, add in the tailing dam reprocessing plan and thats on top! These is no other project draining money, just light work going into the phosphate project at a very basic cost, til that project goes ahead we are making money now and quite a lot. I see a huge upside here even this year hitting 1p as facts are falling into place. The fact that there is our Phosphate project was the project that JN said will be a company maker is still to come maybe starting this year. I hope to add a few million very soon.
I always pay a great deal of attention to the feelings of any PI when investing in AIM, it easy to see what you feel by the SP performance. I wonder about upside there in JLP but for now im not looking to buy anything outside of my direct investments I already have. Hope you get it back here whatyou lost there, it was CLP that cost me and cost me huge. I still have not quite got itback, almost there but sometimes look back in anger at myself.
yeah I took a big loss there and walked away....Mr Bird has a great deal invested, so might not be the end of the story for JLP yet...I still have them on my watchlist :) Unfortunately JLPs communication to PIs was dire
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