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Fair point Heid.. if I'm completely honest I actually missed the 'by nexus' part..
Regardless, they're still gone and it doesn't make much difference to me who decided the end the agreement, what matters is that they're not eating up our potential profits.

100% of the risk/reward from the alluvial project ongoing where we previously only had 50% under the agreement, I'm more than happy with that.

If you're looking for the reason they've 'bailed' as you put it, maybe we just became 'difficult' to work with, after all, it's our concession and our wholly owned subsidiary....

... I just realised I didn't really answer the question you asked explicitly CE:

Yes, our profits/costs from the alluvial project have just doubled from a 50% share to 100%.

Considering the way in which the alluvials have progressed over the past several months (and how I'm expecting them to perform moving forwards) that's put a bloody big smile on my face!

In short: "...Xtract's net share of Explorator's share of gold revenue and costs will now be 100%"
- Nexus have just been given the boot.

Looks like we're fed up with sharing...

"The Board of Xtract ("Xtract" or the "Company") announces that the Collaboration Agreement ("Agreement") between the Company and Nexus Capital Holdings PTE Limited ("Nexus") for the exploitation of the Manica alluvials has now been terminated by Nexus with an effective date of 2 December 2019. The terms of the Collaboration Agreement were previously announced on 30 October 2018, pursuant to which Xtract's net share of its wholly-owned Mozambican subsidiary Explorator Limitada's gold revenue and costs was 50%, the balance being for the account of Nexus. Following termination of the Collaboration Agreement, Xtract's net share of Explorator's share of gold revenue and costs will now be 100%...."

Source: https://www.lse.co.uk/rns/XTR/alluvial-collaboration-agreement-update-atscriu9l8i2qc4.html

CB acquiring another 500k shares:
https://www.lse.co.uk/rns/XTR/director-pdmr-shareholding-ad91rrvrxihkdjy.html

"..Money where your mouth is" springs to mind.

Holdings.

With so many catalysts happening/around the corner I'm going to go out on a limb and say I think PoG will climb a lot higher over the coming year or two...

IMO only, but that's one of the reasons I'm (still) here...

"Option to purchase the concession

The Company has granted MMP an option to purchase the Fairbride concession, subject to all parties receiving necessary regulatory approvals including, but not limited to, the Company obtaining shareholder approval, for an amount equal to the greater of:

· An amount equal to 80% of the net present value using a discount rate of 15%; or
· US$20 million

This option to purchase has a term of 2 years and is only in respect of the known resources in the Permitted Area. In the event that the parties agree that the operation has extended life potential (beyond 8 years) or alternatively discovers a larger deposit then the parties may agree a buyout by mutual consent on the basis of an amount equal to 80% of the net present value of the larger resource, again using a discount rate of 15%."

Ref: https://www.lse.co.uk/rns/XTR/xtract-resources-plc-manica-hard-rock-collaboration-agreement--bfw915hjmd6ypax.html

...let's hope for sticky fingers... mine sure are!

PoG is nearly $300 higher than the price used for our DFS ($1,262) - sure is looking attractive.
Ref: http://www.xtractresources.com/manica_glance.htm

I have V O X on my phone for alerts, typically use LSE for news on my laptop but investigate aim (google it) if the RNS isn't showing on LSE.

Hope that helps.

Glad to see operations at Manica are on track with financial commitments being made by our partner, looking forward to the level of production stated in our collaboration agreement... £5m Mcap is looking like a bigger and bigger joke with every news release (imo).

LSE isn't up to date.

There is one, I've read it, and its good news.

'Manica Hard Rock Project Progress Update'

Good to see CB putting a bit more skin in the game...

"Xtract Resources (AIM:XTR) announces that it was today informed that on the same date, Colin Bird, Executive Chairman of Xtract, acquired 1,000,000 ordinary shares of 0.02p in the Company ("Ordinary Shares") at a price of 1.108p per share. Following this transaction, Colin Bird is interested in 8,032,266 Ordinary Shares representing 2.26% of the issued share capital."

Ref: https://www.lse.co.uk/rns/XTR/xtract-resources-plc-director-pdmr-shareholding-vy2arzh8d98ha7c.html

Ok, then plainly let me answer: no.
I bought (and stuffed into an ISA) all the shares I wanted to at around the 0.7-0.8 mark, might be tempted for a cheeky trade on the right news but pretty happy with the holding I accumulated during “that time”...

You know... the months when most of the posters on this bb were screaming bloody murder/posting absolute rubbish on a daily basis whilst I was posting research/calculations pointing towards how undervalued XTR was.

Pretty sure I made a point then of explaining that I couldn’t really be bothered with posting much anymore as most of the bb were bashing the bejesus out of this and not interested in any form of structured debate...

Not sure what you’re asking LW?

Coffee cups, that is good business, get a grip.

In previous months we’ve had lower monthly income as a result of selling what we needed to wipe our noses and stockpiling the rest at a time where gold price was circa $100-200/oz lower), people were annoyed that income was low but as I kept suggesting at the time, that was a prudent move by CB as A) having a contingency plan in the event of a poor quarters production is always a good idea and B) gold prices were looking likely to see gains -allowing us to sell at a later date and get more ‘bang for our buck’ so to speak.

Now the gold price is up (I.e a good time to sell our stockpiled gold) and we have higher monthly income, yet you’re still annoyed? How is it bad that we’re selling more gold at a time where we’re getting paid significantly more per ounce!?!

Looks to me like you just want to post negatively irrespective of the scenario as you seem to be repetitively doing of late.

We get it. You don’t like Colin Bird. Go shout it from the top of a mountain or something to get it off your chest mate, writing repetitive slurs about him is really getting boring to read, especially when CB is doing a lot of great work for the company.
Just in my opinion, of course....

Not expecting much today in my view... towards the end of this month is quarterlies though and those who follow XTR are expecting good results off the back of contractually increased production.

That and everything else that’s going on is starting to make XTR look incredibly undervalued (IMO).

...live price on google is 15% up
(Worth noting that’s based on latest trade)