Member Info for Gixxer-600

My thoughts - If AA are keen to buy I wouldn't be surprised if they take Racecourse off us and then put a deal in place where we develop Ascot for them. And so on....Footrot etc. The Aussie team have been doing a fantastic job, they must have a very good grasp of the geo in that area now so it would be in AA's interest for them to continue.

Ofc this could also be part of a deal where they buy all tenements and have a deal in place where they keep the expertese...

I can buy up 120k @6.95 via Halifax

'All busy talking to their accountant on the best ways to mitigate against substantial CGT :)'

Been there, done that already :)

(I have 20% of my shares as non-Isa :'( )

yea, don't get me wrong i'd be extremely happy with 25p A4444, I think we have a similar number of shares so you know what that equates to. Just found it interesting that the poster claims to have got those numbers from CB, if 3/4% does turn out to be the buy-out % well,.....

Interesting post from someone on ADFVN - Like a few others I was originally basing my calcs off ~3%, which i thought was conservative at the time based on Cornford's article. I'd since dropped that to 2% however, based on the discussion CB has had with the, below, poster I may have to re-think again.

Ref: Twinkle36 Feb '22 - 18:11 - 5043 of 5044
Hi Diddy!

I was at the October presentation and I can't remember CB saying 25p per share for Bushranger.
At the AGM i asked CB if we could expect a higher price than 3% since all the ore will be open pit and he said there is no set % written in to the contract with AA but resultant price could be anything between 3% & 8%.

He then said an amount would be priced in as XTR shareholders took the risk so personally I am expecting atleast 4% and maybe more since 1 processing plant can service all 3 porphreys....

TBH, I'm no longer that fussed re: the final buy-out. A couple of years back I'd have been ecstatic had I just to get my money back, I was well underwater for some years. I've now got my shirt back and it's looking like I've have some extra cash to buy a few more....

'As it will be the subsidiary ‘Prospectore’ acquired, would all shares held, be retained by holders, anyone confirm or not?' - That's a good point - As prospectore is owned by shareholders, is it possible we could get 100% of sale? (minus any taxes ofc)

I've been in this situation a couple of times and in both cases it was a mix of shares. in the company buying out, and cash. although in both cases it was a complete buy-out...

Interesting comments this morning. CE I'm also expecting £400e6 as a minimum however, I was expecting CB to write a bigger check to shareholders. My thoughts were that he'd keep hold of ~80-100m for further exploration projects and therefore pay a one off divvi of ~30p per share.

https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-colin-bird-executive-chairman-xtract-resources-8be18d4

Mediocre results from H19 but still commercial and still adds to CU volume - CB did you drop these results thinking they would boost the SP a little more....Really? - What a time to drop them when you're telling us you're doing 'everything you can to boost the SP'

6.16p to buy

Can sell 500k for 6.01p \o/

Pretty sure CB has been saying ~£6m pa

More slippage, what a surprise.

Increasingly looking like it will be 5 years+ from Birds initial prediction of Aug 2017 for production - We all know well enough mining in Africa is a slow process but, well.....beyond a joke really...

'Honestly think something is going on. Colin did let slip in the interview a couple of weeks ago that we have a buyer.'

I think if that sort of news was in the 'open' we'd be a lot higher!

Aussie-boys really cracking on with the open pit model. It looks ace:

https://www.reddit.com/r/StarWars/comments/s9dy2p/real_life_atat/

£11k buy @ 16:21 showing on the stock exchange website. Be interesting to see what we open at in the morn.

GBX 6.00
12.78%
+0.68 Today

Showing on G-Finance. Could be a delayed/after hrs trade?

Sell 600000 XTR - XTRACT RESOURCES ORD GBP0.0002 at a price of 5.701p

That's the most I've been able to sell in one go since the rise to 9p last year

Could be, MM's Keen for stock:

Sell 420000 XTR - XTRACT RESOURCES ORD GBP0.0002 at a price of 5.6006p

Good find Ella. - This chap seems more likely...