thanks for posting that but XTR entered a JV with Polar Star prior to the Chepica agreement and I can't find the amount of money that was carried forward on the Chepica earn in agreement acceptance . That would explain the extra 10% alas it's to late in the day to search any longer but if you can find it all well and good .
As announced on 12 December 2013, and pursuant to the Acquisition Agreement, the Company has agreed to acquire the entire issued share capital of the Target, which is the parent company of a Chilean incorporated entuity with a 15 per cent. direct interest and an earn-in option to acquire the remaining 85 per cent. interest in the Chépica gold and copper mine near Talca, Chile. The full cost of the option is approximately US$ 7 million to be paid over 26 instalments terminating in 2016. Of the full cost of approximately US$ 7 million, US$ 2.35 million has already been paid by the Chilean entity, and approximately US$ 4.65 million remains to be paid. The instalments are paid quarterly and will be funded from cash-flow from the Mine.
Riffgo .......... I had a stab at the XTR , Chepica ownership and using the earn in data available worked out we now own 31% of the Chepica project gaining 3% every quarter which costs us US$139,500 / quarter in monetary terms . All calculations were based on Final Results stating XTR owned 25% of Chepica Feb 2014 and US$4.46 million was debt figure to be paid in 26 quarterly payments . A lot has happened since June 2014 hence if a renegotiated earn in or extra large payment been made my figures would be wrong .
Nice one Affe. Looks good to me, appreciate you doing this. The only additional question I would like to see is a request for a revised profit forecast for Chepica in the short, medium and long term. I know forecasts are tough, as shown, but there must be a plan which I assumed has been revised - I'd like to see it/get a rough idea of it. Thanks again.
pepemartinez ......... I first bought in at 0.12p as your aware since you bought in around the same price originally . Traded it on Jan Nelsons appointment since it rose to fast to sustain the rise at around the 0.3p mark . Bought back in in tranches all below 0.23p where I believe is the bargain price line above which I won't buy . I've roughly 7.5million in my ISA account now having taken a 20% hit on some shares in SOLG . If a company's share price loses 20% it's time to bail if your trading it but XTR I'm in long term hence I've got some shares in a sell order to stop my nominee broker lending them out for shorting purposes . Yep , take a look at the nominee holders that have your shares and guess what they do with them if they're not in a transaction . Suppose it would take a brave person to short XTR but you never know , there's always Yorkville .... http://www.xtractresources.com/shareholders.htm
pepemartinez ........ I've had a 5 million share , sell order , at 2.2p / share for 5 months . It hasn't triggered yet but XTR fundamentals have greatly improved in that time hence when it comes to renewing that sell order I'll nudge it up to 7.5 million shares . Hope that answers your question since trading XTR would be as sensible as putting chocolate frogs in your pond ....... lol ........ with all the news that could pop up like today's sale of our 100% Mejillones Phosphate Deposit .
As another PI i'd like to know if XTR has completely pulled out of the oil and gas game! Can you ask for some sort of explanation over the coming strategy 6-12 months and expectations for how the company will develop over 2015/16
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