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Listening to both Carver and Hutchinson it would seem a RNS concerning the SR could come anytime.

My guess is there will be strong volume tomorrow, news could come as soon as Monday. The demeanor of Mr Hutchinson on the LSE interview was relaxed and contented even a little smug, a far cry from his tone on the last VOX Podcast.

I think a deal is in the bag, question is at what price, ranges from 2p to 5p are kicking around social media, makes the current SP a steal IMO.

Still cannot believe this is priced under 2p, the BOD has effectively said they have a deal in the wings and have spent £45m on the project to date, that equals 2p a share before any premium.

"I would be very surprised if we're not in a position to put something in front of shareholders that the board would recommend as a way forward as a result of the strategic review' Clive Carver, Chairman

I cannot believe the shares are still trading below 1p, the BOD have more of less telegraphed there will be an offer, they will accept nothing short of 2p a share for starters, that will barely recover their expenditure on the project.

The eventual 'winner' (yes there a number of parties involved) may need to pay 3p+ per share.

Fill your boots at current levels IMO.

To be honest I was just waiting for a large 'sell' to counter the recent decent sized buys hitting the market, what real shareholder would sell 1m odd shares at current levels, answer is none,

Almost certainly it is the city spivs selling stock they do not own hoping Bird will come calling for cash so they can settle their forward sold stock in a placing. Question is will he oblige?

He previously said he will only issue XTR shares when they are worth something, that statement was made when the shares were trading at 2.6p.

Bird says lots of things, recent comments that are material have been noted (like the one above) large shareholders need to tackle him directly if he does not keep his word. For this reason alone I expect him to honour his statements.

So how do they close out I wonder if significant news comes?

Something for the short positions to consider from no nonsense Carver

"I would be very surprised if we're not in a position to put something in front of shareholders that the board would recommend as a way forward as a result of the strategic review' Clive Carver, Chairman

Love to see the negative posts appearing, means there is still a significant short position in the stock - oh dear.

Carver has sent a message to his city chums tonight, go long and close short positions ASAP

I think the most telling aspect of the podcast was the comments from Clive Carver who implied the that he would be very surprised if there was not a very serious offer the BOD can put to shareholders shortly, note the word shortly.

Then we had Colin suggesting that £50m is a very serious number
No need for funding, suggesting there will be no need
Mentions that parties will take account of work needed on PG10 & PG11a

Carvers comments were VERY inportant and exceptionally positive for shareholders.

Seems positive about the Strategic Review, suggests outcome will be sooner than later, stating that most serious parties have done their due diligence.

Coming from Carver that is good news indeed.

He was on the Vox Podcast today promoting Galileo.

He is clearly back to work so to speak.

Some updates must be due shortly, noted some larger buys appearing.

On the right news this has the ability to shock to the upside.

Now is a good a time to add or buy in IMO.

Nothing from XTR since the 25th June when Colin Bird said, quite clearly, the new alluvial contracts would be appointed 'within the next month' So that timeline has been missed.

Whilst the market is so quiet the market makers have dropped many junior stocks 50% probably knowing that volumes will remain low until September.

News could come at any time.

I think many people forget that Ascent has a 75% stake in a strategic energy asset in Europe, this is worth multiples of the current market value of the company.

My view the stake in the project will be sold to a major who has the resources and ability to quickly deliver a field development plan and overcome the Slovenian process.

I have met Hutchinson 2 times this year, he himself acknowledged the project needs a major to develop it, at the shareholder meeting in March AST were already looking at diversification, Poland was mentioned in passing.

My view is had the permits been delivered sooner they would have sold the project, I fully expect that is what they will do. I am going for a outright sale IRO £50m-£60m, the market currently values AST at £19m

DYOR

I think it is fair to assume Ascent is back in play, the Co has already suggested many interested parties, some that might have walked over the permit issues may return.

The project was always going to developed by a major, Colin in Hungary recently could it be MOL ??

At 2p AST still only valued at £45m, with shorts still closing and drop from 2.5p the share price will go higher.

At the time the initial deal was completed there were a number of research notes about Manica by independent brokers. One stated...........

'Manica project acquired on attractive terms'

'$25m was spent on exploration programs including extensive drilling campaigns'

'The project is well supported by infrastructure which includes tar roads, well maintained secondary gravel roads and rail.'

It is clear the project has significant value above the current £3m market value of Xtract. I would suggest a total of $35m+ has already been spent on the project by Pan African and Auroch.

I am surprised Bird has not promoted the historic spend aspect a little more.

At current levels XTR looks far too cheap IMO.

http://aurochminerals.com/wp-content/uploads/2013/06/Fosters-Research.pdf

Lots caught short and are scrambling to close largish positions according to a few well known 'names' on Twitter

This is why I believ we may see 1.5p+ sooner than many think

@tozzer121

#AST heard a few went short on the way up this morning

This news is significant because it practically ensures the Strategic Review will result in a positive outcome.

The market has this miss-priced by a large factor if the Permits come as expected.

One cannot rule out a valuation of £100m+ given Ascent has a 75% interest in a strategic energy asset in Slovakia.

At 2p the company would only be valued at circa £45m

The purchase of Manica by Auroch comprised of a initial consideration and deferred considerations

The value of the initial consideration was around £6m

The deferred consideration dependent on milestones being met totaled £15m (based on Auroch shares at 30c)

All numbers based on current exchange rates.

This was the deal struck in August 2012.

https://newswire.iguana2.com/af5f4d73c1a54a33/aou.asx/XX601771/AOU_Acquisition_of_3Moz_Gold_Project_Mozambique

The current £3m value of Xtract is a nonsense, only on AIM

JDAU

No-one is interested in the truth here, the bulletin board is infested with cronies working for market makers who are short and probably the house broker also.

Anyone who reads the ASX releases from Auroch during their ownership of Manica can see they spent considerable cash on the project by way of drilling and studies. The issue is the numpties bashing probably have no idea where to look.

As per my last post, I am deeply suspicious of the share price 'action' here, as mentioned market makers can go 10% short without declaring (Why?) Another failure of the system but it may not be allowed for much longer as a number of well heeled investors are bringing this matter to the attention of the authorities.

Bird stated to folk attending the AGM that there was no need to place stock, they had £1m+ in the bank, I re-iterate this could go up faster than it has come down IF Bird does what he said he would do at that meeting. There is no point issuing news at the current time, the market is dead, come mid September it is another story. I have spoken to a couple of CEO's who see it that way also.

As yourself this, what real investor would sell stock at current levels, probably none, so who is selling well that is obvious isn't it.

I would like to add that I believe XTR has one of the worst brokers on AIM, what does Doc Holiday call him 'Black Spot Belliss'

Bird could have appointed someone like Si Capital or Ambrian after the demise of Beaufort/Belliss but he could barely wait for the phone call from Novum/Belliss to keep the partnership alive. Make no mistake these bucket shop brokers are no friend of the private investor.

Anyone researching Novum will see news articles dated March 15th 2015 concerning insider trading, how ironic they have now taken on personal (including Belliss) from Beaufort, a broker riddled in controversy.

The decline in XTR's stock price seems to have coincided with the appointment of Novum, then bear in mind market makers are allowed to short up-to 35m (10%) XTR shares without declaring. I truly hate the antics that go on behind the scenes in the spivvy dealing rooms. So few folk know what actually goes on.

Colin Bird has muttered (under his breath) about shorting, entities wanting the price lower etc but seems to have no clue how to fight these guys. Bird also makes himself unavailable and hard to communicate with, he rarely attends investor events in London and hardly ever promotes Xtract.

How odd he choose to promote GLR, a company that is barely traded, instead of XTR in Mayfair earlier this year during a rare appearance. I would urge shareholders to put pressure on Bird to communicate via podcast, a Q&A session like he has done before with JLP on BRR is also another useful avenue.

For a host of reasons (see my last post) XTR share price sits in the gutter, but the drop has been on LOW VOLUME and it is almost certainly being shorted by market makers like many other juniors that have dropped 50%+ in Q2.

A number of HNW investors believe Q4 will be a very good month for this sector, Beaufort money//assets totaling £500m will return to the market, you can bet your bottom dollar no market maker/broker will want to be short come that time.

Patience needed.

DYOR etc