It's a bit of nostalgia for me, I recall the same scenario with a pharmaceutical company, first thing was for the ceo to step down and then dribble about selling of the ip to a major player, which they did for pennies, after which the whole company tanked and suspended trading, lost the whole of my investment. I can see that happening here, I hope that I'm wrong. Be very careful and be prepared to act quickly, look for a sharp rise in the sp, then it crashes.
Actually I think that it can only be positive news. At the very least (worst?) it well be 'business as usual' re Manica, reassuring the market. ?? From my research there seems to be no link between the 2 projects other than XTR and the payment required to AOU?
If it was bad or bad - yes. Point is we don't really know. I'm not prepared to take the gamble as I don't think the situation is great. Some people are prepared to which is also fair enough. Just a case of seeing what happens now.
no real need to do that we're awaiting good news it's just how good that will spring board the SP .
If we keep Manica license then that's fantastic news but the pro rata profits split with ( MTI ) concerning the alluvial processing will be our revenue stream . The better the pro rata split for Xtract Resources the more likelihood of an open pit project without the need for a Joint Venture with Auroch or ( MTI ) .
If we sell the Manica license to ( MTI & Co. ) then XTR will be cash rich and able to look for another acquisition , producing gold miner .
Ah shame. I remember sitting and refreshing the BOR page and getting out 20 seconds before it dropped. Was hoping to do the same here, though that might involve sticking some more money in if the rns looks good!!
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