Xtract Share Price (XTR)

CE - what would you suggest CB does to monetise the HR any faster?

We have an agreement in place with an operator, the plant is being fabricated to timescale as per RNS's / photo's on XTR website: ( https://xtractresources.com/photo-gallery/ ) and production is (aside from the pandemic effect) there or thereabouts in terms of the timelines we're expecting.

Would you rather CB just sat on his hands and waited for income?

Personally I like the aggressive style we're taking as I see it as adding strings to the bow for relatively minimal cost/minimal cash flow requirements and providing us with more avenues for potential positive news and several projects that have great potential - spreading the risk and increasing the chances that one of them could be a world class asset/complete game changer for the company.

Strike whilst the iron is hot I say...

We've both been around this bb long enough and I'm genuinely interested to hear your view though?

Hello CE

What's frustrating is that we have a fantastic asset in manica. We all want this to multibag and hit say 10p. We've got that 10p sp with the 1.4m oz at manica - probably more. One more heave and we could be there with manica.

Plant about to be built, all derisked. He can't seem to see whats under his nose !

In the TW interview he said he's looking at two more new acquitions... so we may get another RNS soon !!

I agree, Andrew.

I would guess that CB has decided that there will be enough free cashflow to cover our obligations here, but that does smack of putting the cart before the horse.

No doubt that this acquisition could well put us in a much stronger position in the medium term, but I do wish CB would concentrate on monetising the hard rock before following his passion for copper-gold exploration.

If Anglo have shown an interest and still have a buy back clause then it must show some real potential!!
I also liked the part where it says drilling will be funded by cash reserves and future revenue flow!! Not by the way of equity release.

He will probably do a Vox interview to add meat to the bone, it does look a decent project and Bird knows all about copper projects to say the least.

No doubt Winnifrith & Co will also promote.