Member Info for ismalia

When ZM was talking about 2p he would have meant reasonably soon so I can see us moving over the 1p level quite soon.
It would be nice to get some positive news on all prospects for CB to be able to set these out in his forthcoming Annual Statement.

Fortitude - what do you think as all marks are about the same? Someone building a position possibly?

Running a couple of weeks behind last year so may be stitching something together to include with the Annual Report.

Notwithstanding the Mankayan prospect the potential for BZT is significant taking into account its more recent interest in Zambia. CB is not everyone's go too but he knows a fair bit about Zambia and the opportunities therein. If I remember the latest raise was about 0.14 and no doubt there was value seen, and with CB investing at 0.30ish and probably knowing a bit more than most investors the current valuation looks a little low IMO.

As you have posted levistubbs, results due in a couple of weeks or so but of course more importantly will be the take on the current market by BL. I can see a positive update to be included with the results that will more than justify the current MC.

Hello levistubbs - sorry perhaps ahead of the game with Jamaica but BL seems to see the potential and of course he came from Tullow.

A few buys coming in which is positive. An upbeat update from BL would be welcome but he is not the sort of person to ramp for the sake of it - so anything positive will be positive and well received by the market.

Agree and I cannot understand why the price continues to slip. Egypt and Jamaica set to do well and Brian Larkin is one of the better captains of the oil industry. So I feel that when investors wake up we will see the 3p level back very quickly. A good time to add IMO

So once we have commercial production we will have to part with a little over £1m to the vendor.

Yes if you do not understand how resourse companies develop and don't like dilution then don't invest. If you do invest as you like what you see then you should add on any raise and not complain about dilution if the raise is to progress the the business.

Much undervalued and over the coming weeks should push back to nearer the 0.30p level of a few months ago.

Oil price picking up and I think BL is one of the better stewards in the sector. Very much under priced IMO as the oil market improves. GLA

Very good - a very strong second half and we are not seasonal with most contracts recurring so we can expect a strong year ahead with excellent half year numbers.

Many thanks Andrew444

I have a fair bit of respect for CB and his knowledge of the sector but am yet to invest in XTR. Having a look through the Accounts and a number of recent RNSs, XTR appears to have been overlooked by the recent interest shown in the resource sector. Also I have noted that the half year figure showed income about in line with the previous full years income and with the recent advance in the Gold price I feel the shares undervalued. Before I buy in could I be missing anything?

Last year it was 1st May. Perhaps this week the figures and a positive update?

See what Alistair Ford has to say on Proactive Investor if you have not already seen it.

I realise we have positive cash, but this is not substantial and the recent contract wins and the probability that more contracts are obtained will need additional funding. As we seem to be moving to a higher momentum does anyone feel a raise to fund what could be massive growth possibilities could be on the cards?

They actually have until the end of June

When the figures come out during the next few days don't focus on the Annual figures but look to see what the potential will be from the contracts entered into during the past six months. Add these to the existing contracts and you will find a tremendous potential for the current year. The business is highly operationaly geared with about 60pc of additional turnover going to the bottom line. A valuation of £20m would suggest a sp of 5p - not too much to expect for a growth company which continues to grow its customer base for existing products whilst adding to its product offering.