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Xtract Share Chat (XTR)



Share Price: 0.16Bid: 0.15Ask: 0.17Change: 0.00 (0.00%)No Movement on Xtract
Spread: 0.02Spread as %: 13.33%Open: 0.16High: 0.16Low: 0.16Yesterday’s Close: 0.16


Share Discussion for Xtract (XTR)


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Spacemen
Posts: 2,906
Research
Opinion:No Opinion
Price:0.18
View Thread (5)
JPMC audit Chepica
4 Oct '14
Worth reading JPMC Chepica and Salvadora mine and processing plant audit to get a feel for the size of Chepica and extensive work done prior to Jan Nelson taking control February 2014 . Date Modified 13th January 2014 hence part of what Jan Nelson used to forward plan his vision for Chepica's future .
It's easily found in the Xtract Resources website but here's a link and instructions to access it
http://www.xtractresources.com/projects.htm
In the left hand column click on ( Chepica mine and process plant audit )
Here's my notes that may held as you scroll down the pdf
The process plant consists of a conventional 3 stage crushing and screening circuit, followed by milling (two different mill streams), common flotation, concentrate filtration and tailings disposal. Overall the condition of the plant is good, excluding the fact that Mill No. 1 has been down for a month due to a failed bearing on the feed end. As a consequence, the feed tonnage has reduced and the flotation circuit was operating on reduced flow .
Process Plant crushing and screening
 Mill No. 1 1 830 x 3 500, with 132 HP installed, said to be capable of 7 tph
The mill was off-line due to a failed bearing.
 Mill No. 2 1 500 x 3 000, with 90 HP installed, said to be capable of 4 tph
The mill was operating but the Girth gear was extremely noisy and it is the
author’s opinion that it is not running level.
PROCESS PLANT LABOUR
The current labour compliment of 17 plant operating personnel per shift is high for a concentrator of
this size
PROCESS PLANT SUMMARY
The following areas require investigation or upgrading before the process plant can realise its true throughput and efficiency:
. CURRENT MINING OPERATION
The current mining operations are characterised as being in a development and production build-up phase. However, having said this it would appear that there has been more focus on getting the plant commissioned and operational because the current mining operation has had difficulty in supplying sufficient tonnage at the right grade to keep the plant running at a consistent throughput.

Having read this Audit and being an ex Project Engineer , what we're now seeing with the new ball mill planned commission in October , reduced labour by 15% , etc ....... is Jan Nelson ticking all the boxes JPMC highlighted . Everything that's being done at the site will undoubtedly create substantial increases in grades and throughput just hope people are comparing the half yearly RNS with this audit of 9 months ago .
 
LambethDave
Posts: 4
Answer
Opinion:No Opinion
Price:0.18
Re. What is the good price
4 Oct '14
pepemartinez. To be honest, where XTR are now is a good price. I topped up at less than 0.2 in the end and am happy with that. I was just venting frustration about the excessive spread on the sp.
pepemartinez
Posts: 833
Observation
Opinion:No Opinion
Price:0.18
lambt what is the good price
3 Oct '14
Do you expect?
LambethDave
Posts: 4
Answer
Opinion:Buy
Price:0.18
RE: Sell/ Buy Spread
3 Oct '14
Thanks Redbike for the explanation. Have no intention of getting out. Wanted to top up but wanted a better buy price. My son and I have large holding each. We are here for the long haul. Cheers
redbike
Posts: 1,874
Off Topic
Opinion:No Opinion
Price:0.18
View Thread (2)
RE: Sell/ Buy Spread
3 Oct '14
MM's know what has to come in the way of news, so all they are doing is saying.
"If you want in you pay the price, if you want out that's fine by me", they will gladly take them off you as well.
Hence the spread, if your a LTH you will know that under 0.20 here hasn't been seen for a while prior to RNS.
LambethDave
Posts: 4
Question
Opinion:No Opinion
Price:0.18
View Thread (2)
Sell/ Buy Spread
3 Oct '14
Hi to all,
I am new to this board and LSE but not to this share. Hopefully this board is more pleasant than other boards I have witnessed on LSE. My question is simple. Why is the spread increasing so big on XTR? The mms seem to be having a laugh!
Spacemen
Posts: 2,906
Observation
Opinion:No Opinion
Price:0.18
View Thread (3)
RE: Ball mills
3 Oct '14
Half Yearly , 30th September 2014 , RNS states .
The following milestones have been achieved
· September 2014 - Acquired and poured the foundations for a ball new mill that will enable the Mine to increase mill throughput to 9,500t/month from 5,500t/month (commissioning of the mill is planned for October 2014)
redbike
Posts: 1,874
Off Topic
Opinion:No Opinion
Price:0.18
View Thread (3)
RE: Ball mills
3 Oct '14
Riffgo
Posts: 155
Observation
Opinion:No Opinion
Price:0.18
View Thread (3)
Ball mills
3 Oct '14
Apparently you just lay a concrete base and instal. 'Ball milling boasts several advantages over other systems: the cost of installation, power and grinding medium is low; it is suitable for both batch and continuous operation, similarly it is suitable for open as well as closed circuit grinding and is applicable for materials of all degrees of hardness.'
Spacemen
Posts: 2,906
Observation
Opinion:Strong Buy
Price:0.18
observation
3 Oct '14
Yorkville offloading again today and the MM's are paying them peanuts for doing so . Just did a dummy sell of the same amount as the last trade and was offered 0.1603p / share whereas Yorkville got 0.15p ...... lol ...... wasn't able to check the two 1.5m shares traded earlier since the land of nod got me . Nice big bear shake of the tree though fleecing Yorkville and freeing us Pi's as they leave the building . Had to happen just hope we get an RNS when the door closes behind them .



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