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No, I'm Spartacus!
On the subject of major shareholders, and wether they lurk the board. Have just realised Peter hall no longer posts on the xtract board. He is active elsewhere though.
I am looking to Increase my Holding more, how many of you would like to sell me your shares for 5p?
I am Alex terry!
I, am Alex Terry !………
Just seen this, there is an Alex Terry who follows me on twitter and liked some xtr stuff. I would assume it's him as it's too much of a coincidence.
Alex Terry, whichever one he is, bought his first major chunk in 2017 so I wonder if he's been lurking on this board having a regular moan like the rest of us long term holders :) )
Both Alex Terry(s) will be wondering why they have all these random fingerprints on their linkedin profiles :)
Good find Ella. - This chap seems more likely...
Andy,
I would have a small bet on it being him - although I have no idea what he's worth. IFC took a significant chunk in Kiwara - I can't remember the numbers but they didn't hold for that long before it was sold so I think they would have done quite well out if it. I assume he would know CB from then.
Ella I was just looking at that very page too !
How about
https://www.linkedin.com/in/alex-terry-045114123 ?
IFC took a chunk of Kiwara when they were developing kalumbila.
I'm pretty sure I met a stock broker boss at the investor meeting who was there on this large investor's behalf (and others). he was pretty clued up on XTR and said he represented a VHNWI with a big chunk of the stock - also said he would be recommending XTR as a buy as a result of that evening's presentation.
It may not even be that Alex Terry though, Linked In profile (if up to date) points to him being in Transformation roles within Barclays Wealth rather than client facing. Surely its a private investor either way.
I doubt he would be an individual holding shares and voting rights for others under his own name, that would not meet professional standards for anyone involved in the finance industry (think of the potential for laundering and ponzi schemes)
This will be a private investor, the good news is that if he is prepared to put his own money in, he may well be advising his private clients to do the same.
If it is his own money he is investing, he must have very deep pockets as this latest 0.5% tranche will have set him back well over £200K...
According to the link below, Alex Terry and Barclays Wealth are listed separately, so looks like they are held in his own name.
https://xtractresources.com/shareholders/
If this was someone declaring for a group of private investors would you not expect this individual to be issueing TR-1s for holdings in other companies?
You could be right Gixxer - if he were an individual shareholder with about £2M invested in the company then I would expect him to be active at AGMs, company events etc. but I have never knowingly met him. Of course this does not prove anything as we are all entitled to our privacy, but I would hazard a guess that it points towards the probability that you are hitting the nail on the head.
Alex Terry
https://www.linkedin.com/in/alex-terry-224b5121/?originalSubdomain=uk
Programme Director at Barclays Wealth
Possibly just PI's shares under his name?
I've thought about this too LW - Would a T1 company buy it's way in/buy-out the whole of XTR considering the low SP - I guess it depends how water tight the AA/Prospectore contract is...Could a major circumvent it? - Probably not...
At around 5p the whole of XTR is worth (as valued by the market) around £50m. Could a controlling stake be bought at less than what Valmin may put forward ? I know Colin doesnt think we would be taken out but could it be an outcome ? I know current shareholders who plan on holding wouldn't want that but we have no control over shares we do not hold.
I don't feel any 3rd party valuation will nessecearly go our way, for sure they are going to be conservative. We can see form Icebergs ValMin calcs how conseravtive you really can be! Furthermore, I recall, the furthest away from the 3rd party valuation needs to pay for it. Better to spend that cash on getting the word out there, lift the SP and put the company in a more stable position. With a low SP and not much cash in the bank AA for sure will have the upper hand.
Westlad - I think you need to listen to the latest interview, CB stated his exasperation with the current SP and even went as far to say a higher SP would help us negotiations.
Just my opinion, but for sure I would like the SP much higher before we go into negotiations.
SQ52 - thank you. The share price is not relevant. CB has tried to explain this on many occasions via podcasts. A bidder is buying the project not the company. It is worth what the Valmin code says its worth if both parties cannot agree beforehand. If Valmin comes up with a $500m valuation (for example), you can't pay $200m for it just because the share price is 5p - not sure the two things are related.
If and when Manica starts producing adding to the alluvial income, then surely it is likely the market will react positively.
There are any number of reasons why market perception of xtract is stalling them from investing at this stage. Two reasons in particular come to mind. Firstly, misunderstanding of grades found typically in porphyry deposits. Are waiting for more evidence that de-risks the project. The other, having concerns that the project will need further funding particularly now, with Ascot to consider.
If historical RNS’s are the norm for researching then it is clearly going to be difficult to understand the clear objectives given by Colin, in recent interviews from them. The extra geophys to complete the picture, limiting drilling of Ascot to only be loosely inferred, also that there is an adequate treasury, to complete what they need to do.
I’m expecting a reaction when meaningfull revenues eventually start coming in though, which will very likely be before we get the open pit estimate. This could well be the tipping point.