A big fall in pre-tax loss even before Chepica kicks in. Net cash 160K (to December). A large rise in net assets underpinning share price. Team in place and GOS potential being recognised as significant (further underpinning share price). Would have been nice to know more about Meijilliones, but exit from Yorkville more important to JN, I would guess. North Sea licences disposed of with no liabilities. My view remains that H1 2014 reults will kick this off and full year 2015 will show a big turnaround into profit. This is pretty impressive in less than a year since JN's arrival. A little patience now is all that's needed.
I tend to agree that 12th January 2015 would be the last payment date to Yorkville allowed under the agreement . So yes XTR will be free of Yorkville at the latest date next Feb . So every month Yorkville are paid in XTR shares doesn't necessarily mean they sell them but the amount they receive is relative to XTR share price . The higher XTR , SP is the less shares they receive . With Chepica gold / copper mine achieving higher than expected targets than when we first entered into the agreement I'd say Yorkville will be gone sooner than we think . Not that it benefits XTR though to finalise the deal before originally planned it's just how I feel Jan Nelson thinks .
Global Oil Shale ( GOS ) is the icing on the cake the following paragraph sums up my reason why I believe this
On 19 December 2013 GOS exercised its option under the Royalty Agreement dated 16 December 2012 to buy-back the 1% net smelter royalty for a consideration of AUDS1 million. Under the option agreement, the consideration was satisfied by an allotment of 1,371,365 ordinary shares in GOS at a current share price of 40p which was based on the price used in recent share issues by GOS to independent shareholders, giving a total value of £549K.
Note : current price of 40p was based on the price used in recent share issues by GOS to independent shareholders.
Much better loss than I expected tbh. Not that it makes much odds.
I will wait patiently and pick off this little fella if/as/when it becomes stupidly cheap. I still view this as a very high risk share, deffo no widows and orphans, but it's the only one of that category I have and will put some pin money in as we go....
Is there any mention of the AGM? I would love to go but need to make sure my diary is free, I can feel a 'London Meeting' coming on.
Hi Spaceman, Yes I saw it thanks, already new the answer when I posted it! Just wanted to highlight the drag on the SP, like we have all seen. It lookslike we should just accept thats what will happen, unloading into buys. Spaceman like you posted recently reference when JN thinks it will last a year, that looks like a year from Feburary. The other very positive stuff was Meijillones and ongoing talk with a stratigic partner, GOS looks extremely promising and near term, I especially liked JN on other Gold prospects - that sounded just exciting. All in all I think we have a great great future, 1year from now its going to be a very different report with healthy profits.
After seeing that RNS I'm confident he will. I believe Yorkville will be history before December and we will have news on profits on Chepica which means this can only go one way and that's rapidly north. Yorkville still offering cheap entry's so capitalise on it. GLA.
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