Im sure a few will not agree with you on here, there is some degree of optimisum for GOS and potential from Julia Creek. Im not really a GOS believer ATM but if we get a GOS IPO and XTR gets 9%+ of the action and share price then im fine with that! I also like opinions that are different but we have to be able to fight our corners aswell! For now im very pleased with the progress on Chepica and if it continues and dept is held at 300$k and profits are in line with forecasts around this BB then a penny will come next year or soon after. Thats exciting. Action on a JV phosphate, thats really exciting too!
I'd like opinions really - I have an expectation that absolutely nothing will come of 'mining' Oil shale - I just cannot see it being economic when frakking etc etc can retrieve oil by pump.
Any thoughts on this? Genuinely interested. I've dismissed the GOS holding in my mind, but is there a case for actually digging, crushing, treating etc to get oil out? Any examples of where this is happening already? An obvious parallel is Albertan Oil Sands but not familiar with mining Oil Shale.
I wrote my earlier post off cuff and stated XTR has a revised 8.25% holding in the company GOS . Now I've a bit more time I've checked back to verify this statement only to find a post on the 19th March by " Riffgo " highlighted we actually own 9.1% of the company GOS . The GOS smelter Royalty making up the extra 1.6% in the company after it's forced purchase from us by GOS . At the time I was disappointed we lost the smelter Royalty but good old / young ? " Riffgo " made it clear it was a good move for XTR .
Have a good Easter too mate , I second your prediction for the rest of the year ..... :-)
Thanks for your time. So if it can be assumed no placing will occur I cannot see how this could go down. Upside from here seems huge and there doesn't seem like anything in the form of downside that may occur. As others mentioned on here today it will only take one surprise RNS to get this share going and looks like a clear multi bagging opportunity. My only concern is that the share price hasn't reacted hugely to recent news but that could well be down to time frames and as results on chepica draw nearer it could be assumed we will get a rise just on the anticipation of results and then if results are good this could really explode.
It would be worth your while reading the RNS's since Jan Nelsons appointment as CEO . This should give you a fair idea where Jan Nelson is taking XTR after our recent fund raising to acquire the Chepica gold producing mine along with the Mejillones phosphate project . Hence he's aiming XTR at revenue producing assets , not maybe or perhaps , real revenue producing assets with room for major improvements . Not much point in stating he's not taking a paid salary until XTR can afford to pay him or that he got shot of the dead wood high risk taking board of old since that's general knowledge . He's obviously very happy to sit on our revised 8.25% holding in GOS since like we all know if you own something it's not if or but . He's also aware other major investors in GOS would like to recoup their investment by floating GOS on a stock market but not to worried when and why should he be our investment is increasing in value all the time . Then there's always that lady of knowledge to contact with specific questions if through doing your own research you find a question unanswered " Justine James " email Address : firstname.lastname@example.org
What's the cash position here guys? Are we going to rely on profits from chepica to fund projects. What is the likely hood of a placing do we think. I'm already in heavy but that's the only thing stopping me throwing the kitchen sink at it. Thanks
That would be a great tonic if they announce a project starting with a partner on the Phosphate side then that would help a lot, i remember JN saying that the Phosphate plan could be a company maker. Well I do rent an apartment at the moment in Funchal Madeira, can buy but I dont want a morgage! I like you have done, live the life abroad, its great
Cant smoke a cigar but I manage a smile at .50! Quite a lot of space from here to September so room for news! Thanks about Frontera Resources, if your hear anything in Houston about them please let me know. Thanks Robert
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