P.S.
Good decision on HUM.
Hello NtM,
Bit of a rash choice IMO, but, with further investigation I have decided that your latest choice may have merit after all...
So I have decided to cash in a few of my comatose shares and bring them to the party. Let's hope you are right. If you are then I owe you a beer or two. Chin-chin!
Hello NtM.
Good joke!
With an operating loss of $5M per year, $41M of debt, $9M of financing costs and an overall loss of $13M last year, gold reserves similar to XTR ( when you include Zambia) -HUM is definitely way over-valued at £87M - Watch out for considerable dilution there in the near future and a reversion to true value of around £50M...
But a nice try :-)
Want another go?
LW...pure genius :-)
POG is certainly going crazy at the moment ($1,534 as I type)
Of course this bodes very well for any company with existing gold production, particularly if it is a company that was undervalued in the first place and is on the cusp of additional significant gold revenue.
But where would you find a company like that?
Hello Andrew,
Well, there is your answer - two big sells from Friday and yesterday.
I should think, looking at the size of them, that they are placing share trades,
Although just why anybody would risk their capital to take part in a placing to end up making a negligible profit, I doubt I will ever understand? (The 1m trade will just about have broken even and the 2M trade will have made about 2% profit, after broker's fees).
I guess the sells could have been by retail investors, but they do seem a bit large for that, and why sell now when far higher prices are likely to be achieved over the next few weeks?
Not sure I will ever understand AIM...perhaps that is half the fun?
ATB
"Busy...very busy, Justin, but I think we're on the right track."
A lovely bit of understatement there by CB, given the information he shared earlier in the podcast.
Drilling to start in Zambia within the next six weeks and all three concessions to be drilled back-to-back.
So first drill should coincide with first income from copper dumps and be closely followed by first gravity hard rock gold production, meanwhile those alluvials keep ticking over in the background with gold price on a rally.
"Busy...very busy, Justin, but I think we're on the right track"
LOL.
In which case it seems that OaW has done just as much research as you have?
I have no problem with people expressing their point of view, but it does help the argument if at least the basics are accurate.
ATB
TSP, the fact that you think that Xtract Resources has a CEO says it all about your research and "knowledge" about how the company is run. If there is a CEO, what is his/her name?
Carry on with your rant if it makes you feel better, but don't think that anybody that knows anything about this company will be swayed by it.
If you really do have a gripe, why not have a chat about it with the CEO? LOL.
Sad, really.
Can anyone make sense of that 1M share trade? - too high to be a sell and too low to be a buy? Unless there is a very large trade being worked in the background, that is?
I can sell 800,000 shares for 1.18P - so the MMs must be happy to buy in large quantities and be sure of being able to sell them at well over 1.2p.
A few good buys could make all the difference to the SP...
NtM- I was hoping nobody would notice that - LOL!
Hello LW, whilst I am confident you will eventually be right, the chartists do not take recent news, such as placings, into account. Even though our recent placing was relatively minor (19% dilution) it has created a short term drag on the SP but, on the other hand, it does finance initiatives that could potentially triple the mcap of the company, so in the short term it will probably take time to recover to recent levels, but, at the same time, it is likely that the SP will eventually far surpass recent highs with a little more good news
My personal belief is that initial hard rock processing will start in late September/early October and that will prove to be a game changer for XTR. This being the case, I would expect to see major movement in the SP during the second half of August/early September. However this is only likely to happen if XTR maintains a steady news flow.
I am sure that many people will disagree with my timescales, but I am content to stick with my view. I just hope CB does not prove me to be completely naive.
ATB.
POG just broke $1,500 - now that is something i did not expect! - Should be little resistance before $1,550 now...
So back up to placing price now, come on CB let us have some more good news to help restore the confidence that we all had only a week or so ago.
A small tick up on low number of trades. It won't take much to move the SP at the moment...
So POG broke $1,470 today - at this rate it will be well over $1,500 by the time we get first income from the 'ard rock...
MMP has undertaken to commence construction of the CIL plant and to provide Xtract with a schedule of purchases and an activity chart indicating initial production and a target date for commercial production of no later than July 1, 2020, Xtract said. Commercial production is defined in the agreement as the installation of a processing plant with throughput capacity of not less than 29,000 t/mth (being 70% of the planned 42,000 t/mth throughput).
_ so it shouldn't be too difficult for XTR to determine whether or not the order for the CIL plant has been placed...
With the POG breaking $1,460 today it must make the medium term view of XTR a lot brighter than when it was languishing around $1,250.
True, the effect of alluvial income on the SP in the short term is likely to be muted, but it certainly bodes well for when hard rock income starts to flow as figures will then be far more significant than they are at present.
It would be good to get a detailed update on how preparation in Manica is progressing. An order was reportedly placed for the CIL processing equipment at the date of the last agreement, so they should have a good idea by now of when it is due to be delivered?
Hello NtM,
I wouldn't say that .
At least SIno II haven't walked off site, so they must think there is something to hang around for. So that must rate a 'gold star' for perseverance, if nothing else.
And over 14kg of production in July is almost getting up to the level of a well deserved 'mediocre' rating IMHO, so lets have less of this 'disappointing' nonsense . LOL