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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Xtract Share Chat (XTR)



Share Price: 0.0175Bid: 0.015Ask: 0.02Change: 0.00 (0.00%)No Movement on Xtract
Spread: 0.005Spread as %: 33.33%Open: 0.0175High: 0.00Low: 0.00Yesterday’s Close: 0.0175


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JDAU
Posts: 1,981
Research
Opinion:No Opinion
Price:0.0175
RE: nexus debt
Sun 21:42
All of the answers to your questions are in a news release that was out in February: http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=4xouso82&ArticleHeadline=Manica_alluvial_gold_collaboration_agreement

"Xtract and Nexus have identified several mining contractors in the area who have long term commercial experience of operating alluvials in the area together with unutilised processing plant capacity"

"The Company will operate a smelter ("Smelter") to smelt the alluvial gold recovered by the Contract Miners from the Mining Concession."

"As recognition for Nexus' investment to date in respect of plant and equipment at the Mining Concession (which is estimated to currently amount to US$1 million), Nexus will be entitled to receive the first US$1 million of any front end payment paid by the contract miners. After the first US$1 million, any further front end payments will be split as to 60% Nexus and 40% to Explorator. On payment of the US$1 million to Nexus, all previous agreements between Nexus and Xtract will lapse and be superseded by the Collaboration Agreement."

Hope that helps you "adding it up".
 
LittleWing
Posts: 646
Off Topic
Opinion:No Opinion
Price:0.0175
RE: nexus debt
Sun 17:11
I'm not sure I understand this tbh... are we paying 1million to Nexus for plant they have already bought and will still own for use on their own projects or are we buying that plant from them for our use ? What plant will the contract miners be using ? Will it be the plant we are paying 1million to Nexus for ? Something doesn't add up here.
Jezzoo
Posts: 1,273
Off Topic
Opinion:No Opinion
Price:0.0175
RE: nexus debt
Sun 16:44
A very good point Redbike, I was just thinking about the Chepica machinery that was last heard of sitting on a dock in SA if my memory serves me correctly.
Did we pay for it ? If so where is it ?
Did we pay for and but sold it again ? If so, where's the money ?
If we still have plant at Chepica why haven't we shipped it/sold it ( let's face it it would be better to have a few quid there instead of issuing another few bilion shares and diluting us even more) ?
Dazbrad
Posts: 192
Off Topic
Opinion:No Opinion
Price:0.0175
RE: nexus debt
Sun 16:04
Who knows .....maybe bigger plans are cooking up behind the scenes? ....Take over maybe?
Dazbrad
Posts: 192
Observation
Opinion:Strong Buy
Price:0.0175
RE: nexus debt
Sun 16:00
Although more optimistic about XTR myself, I agree with RTN, I do believe CB will slip on timing for the alluvial payment window. It will come, just not when he predicted.IMO.

Unless otherwise indicated, I also assume the first $1m will come from our anticipated $50-$300pm. The loan agreement has had a big portion paid off from amongst other things, placings where Nexus receive 15% of any generated funds.

Although I like any ramping on my holdings, I am a little more realistic than some. None the less, good luck all.
redbike
Posts: 4,993
Off Topic
Opinion:No Opinion
Price:0.0175
RE: nexus debt
Sun 13:29
Your question is a good one, all we really have is this as a statement so would say yes as they have first dibs .

Mon, 13th Feb 2017 11:55
RNS Number : 7388W

As recognition for Nexus' investment to date in respect of plant and equipment at the Mining Concession
(which is estimated to currently amount to US$1 million),
Nexus will be entitled to receive the first US$1 million of any front end payment paid by the contract miners.

The problem with this is less contract miners, less revenue coming in, personally would like to know exactly what the $1m is for if its for plant and equipment already at the site if its not done zip for eight months. Considering we had purchased gear at Chepica to god knows what tune some of which has never been heard of again, still lots of questions on this one, more so with results due this month.
LittleWing
Posts: 646
Off Topic
Opinion:No Opinion
Price:0.0175
nexus debt
Sun 13:03
Is the 1million we owe them to come out of the hoped for 50k - 300k monthly alluvial revenue ?
redbike
Posts: 4,993
Off Topic
Opinion:No Opinion
Price:0.0175
RE: Misleading
Sun 12:43
We still do not know for sure concentrate will track POG, pretty much everyone was on a POG rampfest last time, then transpired it was a deal done at fixed price. Not that we produced much from Chile apart from debt and BS. The results should show what that $1m was for for MTI as that has been in situ well before results close.
The major problem now lies in the next 30 days, naff results revealing some new data with no news could really do some damage on what is already a sorry state.
RichTheNewbie
Posts: 15,732
Observation
Opinion:No Opinion
Price:0.0175
RE: Misleading
Sun 11:14
Snooty - I could imagine them glossing over that if they wanted to (though why would they) however I can't imagine they'd gloss over deals actually being signed to mine the alluvials with any contract miner. That's much more material and so should be RNS'ed.
Therefore the logical conclusion at this stage is they have nobody signed up to mine the alluvials. So the predictions of any revenue in Q2 look very unlikely to be met.
LordSnooty
Posts: 7,528
Off Topic
Opinion:No Opinion
Price:0.0175
View Thread (3)
RE: Misleading
Sun 07:37
According to AIM Rules, companies are obliged to publish price-sensitive news in a timely manner. Of course there are many ways to muddy those waters to suit companies' own ends, but once first XTR sends first conc to the chosen refinery, I see no reason to withhold that information. I expect such an announcement to have a considerable impact on share price.




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