Re. Polar star pay down. I think I'm more inclined to agree with drif. A RNS was only mentioned after Affe asked the question at the AGM - it wasn't mentioned in the meeting at all until then. There was certainly no hint/indication it would be paid off quicker than originally agreed anyway, unlike the sale of some GOS shares which was pretty clear - that said if Polar star do want the cash now and can give us a discount then you never know....
Your investments in AIM might be nuts as in up down , middle etc ..... but at least they're giving you some excitement . For the last 4 years the summer months in the AIM market has been abysmal hence this year I've just two investments XTR and SOLG . As trends have shown September has been the start of the up during this period hence my trading share SOLG will hopefully yield some funds to top up here . Anything below 0.23p / share is an absolute bargain and to state the obvious I've been saying that for ages .... lol ..... I've followed your posts on other companies ( bb ) since I've found reading other companies bulletin boards ( bb ) helps with trading not just SOLG but holding fast here unless the wind changes direction on some unforeseen spike . Yep , XTR has the annoying habit of spiking when you least expect it , the recent rise to 0.27p on the AGM expectation wasn't really a spike since to buy a decent amount of shares now your probably talking 0.23 / 0.24p . A spike of 80% in a matter of hours like what happened on Jan Nelsons appointment as CEO is more what I'm talking about . A traders dream but one only experience controls greed and allows a top slice to safe guard profits . Yep , reading other( bb ) certainly helps me with my trading but thankfully some of the ( bb ) I read I'm not in ...... :-)
Madeira sounds beautiful but with the Welsh sunshine and 20 + degrees of heat I'm happy staying put for the time being . My contact with my Aussie mates via Skype often has me one foot on a plane and the other in the valleys but having spent so many years back packing the Australasia's I know if I give in I'll be crewing on some yacht or other out of Fremantle before I know it ..... lol .... sadly it's so true but jet lag makes the whole experience unforgettable . I'm still having flashbacks to 1993 aboard the yacht Panache as we crossed the finish line second . Don't know why there was more drinking done than rigging work but it must have something to do with being on that French designed racing yacht 8 hours after landing in Perth from the UK ..... lol ...... wouldn't mind a few months down in Quindalup though , just South of Dunsborough a lovely Y.H.A. backpacker literally situated on the beach .
Life is good I hope with you? My investments in AIM are finally looking nuts, everything is now everywhere, up, down, middle, basicaly crap June killed me dead, now Im waiting news, news in eveything, everyshare has got the sulks, XTR still the longer term hold, have the cash for a little more but I for now am satisfied here, im going to look into another opportunity before Xtr rises, planning to bring quite a rich wedge here after I recoup June first and take a small profit out. Im not quite on the same page as you here on XTR cash front, I believe cash is king, I believe he will keep 80% of the cash in the bank or even all, I do remember a scoping study that needed cash, so I guessed at 250£k for that tailing idea to become real or 20% of the GOS sale cash, I dont know why JN would part with the cash when cash is so hard to borrow and very expensive. So it my opinion only but I will stick with that one, its 80% banked for my 2p worth. Still believe September is the time to be in to go long for, I like you need another share to radically pick up very soon indeed so as to grab more here in the. 21s!! Ps. Madeira is great now at 24 every day.
Hi ya Drif ..... we're both in companies awaiting re-rating or substantial improvement on their current SP but like you I feel it's worth hanging on to these other company shares before adding to my XTR holding . I bought into SOLG months ago at 8p and guess what SOLG are still at 8p even after receiving excellent news . Frustrating I know but I also know your in a similar situation . So what have we got in the near term at XTR , here's my take on it .
We'll probably receive an RNS in the near term confirming throughput at the Chepica mill has increased from 6k tons to 10k tons of ore per month due to reinvestment of revenue produced at Chepica on replacement equipment . At the AGM there was mention news regarding Polar Star pay down will be announced within a month or so . Prior to this announcement it was known 26 quarterly installments on an earn in bases would pay for the outstanding 85% of Chepica as from 12th December 2013 . Leaving me in no doubt Jan Nelson intends to pay for the remaining 85% of Chepica far sooner than originally planned .
chaz622 ....... hi ya mate we're both holding similar quantities of XTR shares . If you got level 2 you'll see I put 5 million in a sell order at 2.2p , yes 10 times current share price . You never know stranger things have happened and that's SP is what I feel XTR are worth over a 3 year time span . Whether it gets there this Christmas or in a further two years Christmas is neither here or there but that's what my 3 year view is hence don't want to be caught out ....... P.S ...... I was in SOLG going back a couple years at 5p sold out at 10p only to watch the SP skyrocket to 80p within days ...... sadly the Japanese tsunami and risky management strategies almost bankrupt the company hence watched the SP crash to 1.5p . Held out for the upswing and got in at 3.8p . Traded it many times until 3 months ago when consolidation set in at 8p .Looks like XTR consolidation has also set in but when it breaks out it'll break out without warning and that's why I have a long term hold position here plus a couple million for trading swings ....... hum .... XTR ...... looking predictable .... :-)
Just had to re read the chairmans statement from the end of year report December 2013 just to maintain my confidence. Some great and positive sentiment in there. Here is a personal favourite:
"The Company continues to investigate acquisition opportunities across a wide range of commodities in many parts of the world. We have a strict check list, in order to meet our criteria for investment and most projects do not proceed beyond the initial desk top review. We are mindful of the need to manage our treasury and do not intend to spend abortive money chasing mediocre projects"
I still feel very confident with my investment in this share and I know others do to. Best of luck to all long term holders here especially Spacemen who has continued to provide some great updates on this BB.
See the sale is still on here. I'll be happy if it lasts for another week so I can shift some money around to get my cheap top up. Am aiming for 10mill min, will be money in the bankin the not too distant.
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