Well chaps if all it takes is the approval from MOM without extracting so much as a stud earing's worth of gold and a falling SP to hit 0.24, we will see. With such a reward on the cusp can't help wondering why any sells at all are taking place with a 1200% bagger due to drop soon? This study is taking longer than one of spacemen's posts. Good to see your cups full, xtr never say never.
totally agree 0.24p /share is easily attainable but then I remember the de-rampers over on SOLG a year ago when the share price was 2p /share , today it's 31p /share . The " Environmental Report " was the start gun for SOLG same as it will be over here in Xtract Resources .
Just for the one that has a short memory 21 December 2016 , Mr.Colin Bird gave an excellent interview , update of Xtract Resources progress through a " proactiveinvestors " interview . He also emphasis's , “We’re very, very pleased with progress at Manica.” . Then the following day invests £65,000 of his own money in shares of Xtract Resources priced at 0.0165p /share . A man who puts his money where his mouth is , is fine by me . Here's that " proactiveinvestors " link for the one with the short memory . www.proactiveinvestors.co.uk/companies/stocktube/6638/xtract-very-very-pleased-with-progress-at-manica-6638.html
Absolutely agreed. Those are my thoughts as well and I currently have 87m tickets having topped up some more yesterday. Waiting patiently for the starters gun to be fired and off we go..At the end of the day, the only thing that matters is the share price. Everything else is just noise.
Based on open pit mine with LOM 7 years and 52-55m NPV, once DFS drops and things are up and running, 0.24 does not seem unreasonable to me, even after further dilution. Then we have the possibilities for further work in the Manica area, plus underground, I am comfortable with that, just need to fire the starters gun. That is my personal opinion, my cup is half full.
Remember, even a broken clock is right twice a day. However to rocket to 0.24 on the announcement from MOM Mozambique without so much as a snifter of gold mined, that seems a little poetic. Time will tell mate and we don't have much between now and April if the drain down and silence remains.
Exactly no i am chirpy i lost heavily here back at 0.4p but i sold most the day Rich walked out of meeting but still took a big hit. The frustration isn't cash it's i actually believe xtr can be fruitful for long term.
I don't understand what the issue is here.
Why Colin is dragging his heals.
Obviously if you don't push developments on cash will dry up as wages get paid etc but i think a few phoyos of Colin getting on a plane to Manica would be suffice around now
It would have more chance of hitting anything between 0.07 and 0.1 assuming we don't slip further. One expert here is predicting 0.24p, personally think that's a stretch and I mean a Stretch Armstrong sized stretch. I'm considered to know nothing, which suits me down to the ground, however time will tell if the experts got it right again or just more spin. My gut feel on the share purchase is it was a punt to see if sentiment would drive it home a little, that's my own opinion. If you work a little magic and with some luck and a good wind might be in favour, its not panned out that way though as we had to issue shares so something still doesn't seem to be right, what though we have no idea. Couple that with the radio silence sitting on a game changer and company maker, the PR company wheels seem to have fallen off. If you have a good product you advertise it, here its been advertised and rightly were still on a ration of jam tomorrow and total silence. I sense your frustration too as you were quite chipper when you first started posting, even you now see why people are miffed here.
We are at UKIS and the companies intent without an RNS has to be to attract new funding or simply wouldn't be there. The problem they face is what happens between then and now, as no one is going to put trust in a company that's delivered nothing of value to shareholders, with YA still in situ makes that a no brainer for new money. Plus the ten million dollar question, where will that money come from and at what cost to shareholders already in here. Ultimately only one man can answer those questions and at the moment remains tight lipped. I hope for everyone's sake it's because it really will restore value to shareholders, I still remain cautious though as this is XTR and so far have a history of disappointing after promising a lot, deliver very little.
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