Xtract Share Chat (XTR)

CE, I believe your most likely to be right but, with the gold price currently increasing fast and some predicting $2000 an ounce, will MMP want a deal now on the cheap compared to gold price in a year's time??

I still feel they will want to "check out the goods" before putting forward a buy-out offer. That would mean processing hard rock for at least 3 months.

With first production due in August/September that means any offer would likely be made in Q1 2021, during the rainy season, at the earliest.

Not what a lot of us want to hear - but the most likely scenario IMO.

However, if and when an offer does come then , as many have stated, it will take the SP to many, many times the current level.

Nice rise this morning. Looking forward to the news coming, hopefully soon!!

There is apparently a shortage of gold at the moment pushing the price up. Let's hope for this trend to continue upwards of $1700. I think we might see a delay in the hard rock news if it is a buy out contract due to the volatility of gold price.

Well I hope something material will come, however Bird also talked about a new management team being appointed due to XTR's diverse and growing projects, the only thing I can think of as to why these changes have not happened is because a disposal is imminent.

Wishful thinking but with gold once again on the rise anything is possible.

So we're fast approaching the end of the month and another of Bird's, self-imposed, deadlines. Place your bets on a news release, I'm suggesting there's a 20% chance we'll get news by the end of the month.

*Spins roulette wheel... . ... .... .... . . . . .

that will be a big relief for bird.

Yes the UK Investor Show is off until September, a few companies are telling folks not to attend the AGM and are also saying that only formal business will occur and no Q&A etc.

XTR's AGM is usually held in June so who knows as to what will be going on by them with the virus.

Hopefully some news will come out, as promised, by month end, there has been a swathe of RNS updates from mining companies saying their operations are ongoing and unaffected.

That 10,000 becomes 20,000.. 40,000... 80,000... 160,000 etc quickly through multiplier CE

(You own swathes of Xtract shares for a reason perhaps :-))

That said, I see this distancing effort as a one off up to a couple of months brilliant societal endeavour to give the NHS a chance to even somewhat prepare for an enormous challenge that it has never been set up to cope with. Even slowing public transmission meaningfully for a while alongside getting another 20k ventilators into the system and finding 20k more serious care beds - and hopefully a few thousand more intensive care beds too - and staff training redeploying etc / with proper barrier protection including immediate ongoing access to different types of test - have virus now or not or have antibodies in body that makes you immune for decent period going forward etc - will make a massive difference in this battle. ( Also very likely spring and especially summer warmth will slow transmissions meaningfully)

That said, more generally, society will have go back to normal soon enough as, apart from one off endeavours based on human decency, the needs of the very very many have always to take precedence over the very very few.. or else structures and order breaks down and chaos ensues.

Back to matters specifically xtr: if /when the rediculous spread here narrows i'll do another small top up towards getting my average price down..I still somwhat believe... but promise to never hold swathes of xtr

Hello Andrew,

I am well, thank you and I hope you are too.
Here in London there seems to be quite a bit of panic over the virus, and I guess I can understand it for those in the high risk category and they should certainly already be self-isolating IMO.
I calculated that even here, where the infection rate is worst, and taking the worst case scenario of there being 10,000 Greater Londoners infected without their knowledge I could still have close contact with 6 different people every day for 6 months and the likelihood is that only one of those people would be infected. So I am finding it a bit difficult to understand the current response.
I guess I can only put it down to 'better safe than sorry'.
No I meant the April show - at the time I spoke to Colin there was no talk of postponement.
ATB

Hello CE

Thanks for that.

Hope you are staying well.

I assume you mean the September show. Hopefully the AGM will still go ahead so a Q and A can happen then. Pod casts and RNS are fine, but they are all one way comms.

Ok

I spoke to Colin recently and he confirmed that he would be at the show as usual. It is likely that many companies do not confirm their attendance until the last minute as relatively few are listed on their website until a week or two before the show date.

Thomas

OK thanks for the info.

I hope he had decided not to go due to Virus concerns, rather than to avoid questions. He has always attended before and answered questions.

I just checked .I recieved a message on feb 28 . Xtr not on list for the show .

He was,not going to the show anyway .

..understandably has been postponed until September. I assume the AGM can still take place in June as attendance would be small numbers?

So the earliest CB can now be quizzed is June. Pity about the Investor Show postponement as that would mean he would have to be answering questions in just a months time.

And I think there are quite a few questions to be asking him....

(having not sold any through Co Vid so far ) I've started small topping up here today.. and will likely look to do a couple more small top ups ahead of the end of this month.... mostly because I think I'm starting to see chinks of light at the end of the awful Covid tunnel in Italy.. but also somewhat because I still feel that CB, with his plenty flaws. is wily/bottom line savvy enough to get at least some good things happening at least for a while for xtr soon enough.

Gixxer

I'm also not as convinced as some that the 'tabled' comment means what some think. You can read it either way. However, I do think, at some point there will be an offer, mainly because the option was in the original CA agreement, so why put it in there otherwise.

Also, I'm clinging on to the hope that CB would not have bought £36K worth (in the open market) from Aug to Nov last year if he wasnt sure of making some money. Those buys were after the MMP deal so may be that was the incentive for him?? He may know more then we do.

That may all be delusional thinking, but I'm using as a comfort blanket !

No idea where SP will go, but I would be amazed if it didnt go much higher than todays price so I had a small top-up again this am. I remember the last time it went 0.6p in early 2019, everyone running around with their heads on fire and 6 months later it was 2p.

We'll see what happens this time.

I know what you *mean there!

Been here 5 years at least. Sat on a 10.3 average price after averaging down on what I thought was the bottom many times.

I would have to invest £15,000 in this at these low prices to get to a 1p average.

I know what you men there!

Been here 5 years at least. Sat on a 10.3 average price after averaging down on what I thought was the bottom many times.

I would have to invest £15,000 in this at these low prices to get to a 1p average.

Did get that A444 but it would be relief enough to escape with my shirt and maybe a little extra...

I've been here around the same time as you TBH, what a nightmare. I bought in as it looked a great little project and the BoD looked, on paper, to have very good track records, should be enough to buy in but what a lesson it's been!

For the record, I really don't think/expect there is an offer on the table. I've listened to Birds latest podacast several time and believe he's taking about presenting us with a report detailing a way forward for the copper play/s

Happy to be wrong for sure....A sale, subsequent divvi and SP increase would be most cathartic!

o/

Lets hope Bird will pleasantly surprise us before the end of the month. 3-5p for everything would be most welcome now however I feel everything will be on hold as any deal would probs have to now wait due to the virus. Maybe not.

Gixxer

The $20M I mentioned was the min offer for 23% FB. I know its been a pain in the ar@£e! over the years and feel your pain as I've been here 6 yrs +, but I wouldnt want us to give it away!

For me, $30M min for all of manica. = 5.6p. I think 6p would be a bargain for all of it IMHO

As lowball as 3.76 seems, I'd vote for them to have the whole company for that currently A4444

Apologies to anyone with a higher av than that but I'd love to see the back of XTR and Bird!

Stay healthy!

o/