Life is good I hope with you? My investments in AIM are finally looking nuts, everything is now everywhere, up, down, middle, basicaly crap June killed me dead, now Im waiting news, news in eveything, everyshare has got the sulks, XTR still the longer term hold, have the cash for a little more but I for now am satisfied here, im going to look into another opportunity before Xtr rises, planning to bring quite a rich wedge here after I recoup June first and take a small profit out. Im not quite on the same page as you here on XTR cash front, I believe cash is king, I believe he will keep 80% of the cash in the bank or even all, I do remember a scoping study that needed cash, so I guessed at 250£k for that tailing idea to become real or 20% of the GOS sale cash, I dont know why JN would part with the cash when cash is so hard to borrow and very expensive. So it my opinion only but I will stick with that one, its 80% banked for my 2p worth. Still believe September is the time to be in to go long for, I like you need another share to radically pick up very soon indeed so as to grab more here in the. 21s!! Ps. Madeira is great now at 24 every day.
Hi ya Drif ..... we're both in companies awaiting re-rating or substantial improvement on their current SP but like you I feel it's worth hanging on to these other company shares before adding to my XTR holding . I bought into SOLG months ago at 8p and guess what SOLG are still at 8p even after receiving excellent news . Frustrating I know but I also know your in a similar situation . So what have we got in the near term at XTR , here's my take on it .
We'll probably receive an RNS in the near term confirming throughput at the Chepica mill has increased from 6k tons to 10k tons of ore per month due to reinvestment of revenue produced at Chepica on replacement equipment . At the AGM there was mention news regarding Polar Star pay down will be announced within a month or so . Prior to this announcement it was known 26 quarterly installments on an earn in bases would pay for the outstanding 85% of Chepica as from 12th December 2013 . Leaving me in no doubt Jan Nelson intends to pay for the remaining 85% of Chepica far sooner than originally planned .
chaz622 ....... hi ya mate we're both holding similar quantities of XTR shares . If you got level 2 you'll see I put 5 million in a sell order at 2.2p , yes 10 times current share price . You never know stranger things have happened and that's SP is what I feel XTR are worth over a 3 year time span . Whether it gets there this Christmas or in a further two years Christmas is neither here or there but that's what my 3 year view is hence don't want to be caught out ....... P.S ...... I was in SOLG going back a couple years at 5p sold out at 10p only to watch the SP skyrocket to 80p within days ...... sadly the Japanese tsunami and risky management strategies almost bankrupt the company hence watched the SP crash to 1.5p . Held out for the upswing and got in at 3.8p . Traded it many times until 3 months ago when consolidation set in at 8p .Looks like XTR consolidation has also set in but when it breaks out it'll break out without warning and that's why I have a long term hold position here plus a couple million for trading swings ....... hum .... XTR ...... looking predictable .... :-)
Just had to re read the chairmans statement from the end of year report December 2013 just to maintain my confidence. Some great and positive sentiment in there. Here is a personal favourite:
"The Company continues to investigate acquisition opportunities across a wide range of commodities in many parts of the world. We have a strict check list, in order to meet our criteria for investment and most projects do not proceed beyond the initial desk top review. We are mindful of the need to manage our treasury and do not intend to spend abortive money chasing mediocre projects"
I still feel very confident with my investment in this share and I know others do to. Best of luck to all long term holders here especially Spacemen who has continued to provide some great updates on this BB.
See the sale is still on here. I'll be happy if it lasts for another week so I can shift some money around to get my cheap top up. Am aiming for 10mill min, will be money in the bankin the not too distant.
And now. 20 flagging up, I wonder how long they will keep this level at, 2-4 weeks perhaps is middle August, I really hope I can have a few more soon as in September is looking like a good time here for the invested.
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