RE: XTR16 Apr 2018 03:07
News awaited includes following, and points to query Colin on on Saturday:
SINO how many plant, should be three, but are they uo and running? How much gold produced, share of thar gold to XTR. Income xx.
OMNIA progress on alluvials, utilisation of plant. Progress on hard rock (non fairbride), finer details of the pool and share agreement, results if any further drilling.
Income flow.
Moz, lots, rate of throughput, repayment of recoverables, gold to XTR, the convertible loan and equity stake developments.
Drilling results hard rock targets, dits luck and area between that and fairbride of particular interest.
Fairbride hard rock target ckesred of overburden?
Adjacent prospects, future expansion plans, Zim etc.
CIB and income.
Noting rainy season occurs q1 into April.
Thing is we know the contractors want to make money, so will take full advantage of weather, q4 was startup and teething problems, Q1 should be fine tuning and ramp up as weather permits, Q2 can be very nice indeed.
Then we have last years presentation, and what has materialised?
Get rid of debt. Tick done thoug it cost us dilution as contractors wer slow off the blocks, SP is depressed but MCAP is greater, allowing investors to accumulate average down, or skip out on a mini spike.
Number of contractors is now 3.
Alluvial deposits are as far as we know 'good'.
Fairbride is on hold, but other non dfs deposits are to be exploited along with Omnia.
Further drilling has seeminly been conducted but we have no details.
Mugabe has been kicked out in Zim leading to better prospect to expand in that direction.
Lets look forward to this week, the presentation on Saturday and the confirmations all are waiting for.
I am confident this is the pivotal quarter.
Good luck everyone especially long term investors that have held their faith through the last few years.