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Very interesting podcast - under radar but for how much longer given the projected $10m-$13m revenues verses the current £2m m/cap

https://audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks

A stock like this could easily treble or more in moments on news - also worth noting is the market will not sell you much stock at current levels - I have seen this before, new BOD appointments, new plan = new investors = strong volumes = strong share price rise.

A few are starting to nibble away at the cheap stock - the naysayers and stale bulls will slander the company but will not apologize to the folk put off by their antics when the shares move, potentially, far higher.

Many thanks for your overview of the AGM.

I am comforted that the price of gold is rising, the fact they are still recruiting key staff and they are probably going to make an operating profit in Q2 the same as Q1.

We have allies in the two major shareholders who have the most to lose if it goes wrong, IF they are trying to buy the bank debt and the only issue is at what price surely some deal can be struck at some point.

It is very high risk - more-so as the deadline is the 28th but IF there is another extension I would suggest this will be viewed very positively by the market.

I am holding tight on the basis the major shareholders will want the best outcome and are financially astute enough to see it through.

The rise in the gold price could not have come at a better time, just ahead of the standstill deadline, now well established over $1400oz with some forecasts suggesting it could go through $1500 and onto $1600oz

The statement has calmed nerves and sets out a very clear position, the article suggested the major shareholders are trying to buy the Bank debt at a discounted rate but, so far at least, the banks will not agree, the fact the major shareholders want to buy the debt (if true) is very positive and significant in my view.

Will be interesting to get some feedback from the AGM today, I remain optimistic.

The article suggests the news comes from 'Debt Wire' - having checked many historic news features MTL does not appear in the archives going back to early 2018. Not in the public area at least.

It suggests that MTL's major shareholders, named as Nick Candy and Graham Edwards, tried to buy the debt from MTL's bankers at a 'deep discount' which has been rejected.

It is then suggested that MTL's new management will leave office without an agreement and not be requesting another standstill extension - at the same time the article says the banks will not agree to one either.

Further it talks about a game of chicken being played out by the banks and MTL's major shareholders - the article suggests shareholders should sell up because the shares may be suspended but then states you may be able to buy back after reconstruction?

I have to say the feature does seem far fetched and makes a lot of assumptions - I do wonder if it is an attempt to make weak holders sell so parties can fill their boots, make a killing if a deal is concluded. The after hours timing is also suspicious.

The AGM is today so let us wait and see, with gold at current levels the banks would be crazy to cut support IMO.

Ewen Ainsworth was formally CFO at Gulf Keystone Petroleum, at the time he was a big noise in the investment community - quite a coup getting him on the BOD at Regency.

Sub £1m m/cap - a good punt for a bag or five depending on news IMO.

AGM was reasonably attended - all resolutions passed, then Colin took questions and discussed the company for around 1 hour.

The company is still pursuing Moz Gold for compensation - he re-iterated their plant was in the possession of XTR - it's value is relative to local demand but again said it could be worth circa $1m if there was interest for it.

There was the usual discussion about alluvial gold, it's pro's and con's - however it was established that they are now getting a slightly higher price for the gold due to it being sold in Dubai - they have now sold the gold that was in storage - that will be shown in Q2 numbers, clearly this should be a decent quarter on the cash front.

In respect alluvial production ending, this is up-to XTR - he said the Chinese have a contract and when it ends it ends - he added he hoped there would be an overlap of alluvial and Hard Rock production in (late) Q4. That would be his perfect scenario.

Now the juicy bit - Hard Rock - Colin remained optimistic that the company could get Hard Rock revenue in Q4, he added the grade is good (2.6g/t) When asked by a shareholder how much would the HR generate for XTR in revenue he stumbled, initially said he could not make forecasts but then said, in a perfect world, $500k a month was not out of the question based on grade and volume.

It was pointed out by a shareholder that if XTR can deliver $500k a month it makes a mockery of the market cap - Colin said that is why there is a $20m (minimum) option to acquire the Fairbride concession but he mentioned $30m also.

Regarding Zambia Colin was quite upbeat - he laboured on how Copper rich Zambia is and how he has personally done very well out of the country. I think we will get more news shortly on Zambia.

In all quite a positive AGM - all shareholders present were left feeling very optimistic about the future - Colin seems determined to return value to XTR by any means possible.

No advice intended and these notes are from memory - remember Colin does 'waffle' on somewhat !

Gold has broken out through major resistance of $1360 - a new bull market beckons - time to fill your boots in indebted gold producers like MTL

The rise in the gold price could not come at a better time - it will probably secure this company's future !!

MTL is now a strong buy IMO

The on the ground experience AST have in Slovenia which includes contacts is valuable, the seismic studies will benefit the move to Croatia also - I expect Colin to start to relay to the wider investment community the precise commentary passed to attendees at the shareholder event in March.

We need a PR lift and clarity on the way ahead - JB is the man for that so I hope his current condition is not serious.

You cannot rule anything out concerning all matters Ascent, one cannot rule out a opportunistic bid from a Russian entity - make no mistake if Ascent was a Russian company do you think they would have been treated like they have to date?

One thing about AIM you never know what is around the corner !

I have been around XTR for some time now, during quiet news periods the share price seems to drop back on tiny volume, has anyone noticed the tiny trades that keep attacking the bid for example.

This morning I tested the market and could only buy 250k, after that it went to 'at best' - I would suggest we are near share price bottom - with gold rising it can only be a matter of time before the juniors gain some serious investor attention.

There is one hell of a load of negativity being spouted on this thread, the permit has not come but this does not mean the end of AST.

There are options available but the BOD have to be precise and explain their plans - at the shareholder event the whole evening was dedicated to the possibility permits would not come, they had a plethora of plans which included increasing production from existing wells via the compressor + options on oil and re-entering new wells to target new gas zones, there was also the move towards Croatia.

It is necessary for Colin to get out into the media and promote this company, inform what the plans are and be confident in his message, the mood at the end of the shareholder event was very upbeat but it was driven by JB's positive vibes and experience, some clarity on his situation would also not go amiss.

Now is not the time for Colin to go into his bunker and hide.

At the shareholder event JB told the audience the compressor could increase production in a range of 5-7 times current (depressed) levels.

I have checked on various websites and that 'estimate' stands up as pretty accurate.

I think the whole episode has been handled badly, firstly the presentation by JB at the shareholder event should have been recorded for all to view.

I also believe Colin Hutchinson should produce a Shareholder Letter outlining exact plans and propositions, including the situation re JB's health. I am not selling out at current levels as I still believe there is much more to come, the seismic data is quite valuable in its own right relative to Croatia.

We need a comprehensive update, the 'issue' concerning Legal Action needs clarity, I had thought this had all been completed on a no win no fee basis, the evidence (in AST's favour) seems overwhelming so why are lawyers still mulling the matter over?

I am not sure if readers are aware but you cannot buy KDR on some platforms - HSBC are one broker where this applies - I have taken this up with them historically with other companies and they have responded by saying the said company does not meet their investment criteria.

What is to stop Conroy placing stock to frustrate the requisition parties - followers of CGNR will know how tough it was to remove him, it never happened.

I would suggest the requisition parties need to buy as much stock in the market as possible but also leave some powder dry in case he tries to dilute - the last placing was for around £500k.

Will be interesting to see how this plays out.

I was told by John B that the compressor can be sold on at full value due to the fact they are in such high demand, he even suggested the company could lease it out if so desired.

At the shareholder event it was stated the compressor is a much sort after piece of kit and retains value - so no 'worries' there.

From Sophie Honey - British Embassy on AST via Twitter

https://twitter.com/HMASophieHoney/status/1140966606253821952

My mistake on the Moz Gold plant price, Bird did suggest it was worth $800k at the AGM last year - who knows if it can be sold easily or if it is going to be used operationally by XTR in the future.

The AGM is a rare opportunity to get some 'feel' for the real situation at XTR, Bird usually shoots from the hip and gives a thorough over-view, my grievance is that the company has a wonderful asset in Manica but promotion is poor, this has been discussed to death historically and something we just have to accept.

If gold continues it's run it is only a matter of time before the juniors take off, they usually lag the large/mid caps but eventually take off, the rises can be spectacular.

The AGM should be a little more cordial than last year but a time for questions and answers.

A few are starting to realize the reason this dropped so far from circa 35p in January - 2 major sellers in City Financial and IFC - they are now out, can see the SP rising back to where it came from quite quickly now.

As an added bonus news could come at any time.

Condor is not as well known as some juniors but therein lies the opportunity !!

Across social media on ZEN, can see this moving up quickly, news-flow will kick in soon enough to propel the re-rate.

https://twitter.com/Oilplayer2009/status/1140894119604232192