Member Info for LittleWing

I spoke too soon...

Probs a good sign that the SP not being walked down but is holding steady. I think there is an awareness out there now that this could fly at any moment ?

pyo88... it has been a traders share due mainly to a period of over promising and under delivering. The recent agreements and the revenues that will now flow consign that past to history. With so much good news flow coming anyone hoping to get in at much below todays SP will perhaps realise that this is now a way different prospect than before. Yes there will be the normal inevitable dips but the SP is poised for a massive rerate. The traders will have to look elsewhere.

doochi… I agree. Just a hint of better revenue which could come from alluvials or hard rock and this will rerate. This could happen any time.

Nightingale... did you miss out buying in at that price only a couple of months ago ? Assuming you get another opportunity, what would your exit price be ?

Looking good here now. Nice steady rises will see this above 2p before the big rerate towards 5 - 6p.

looks like some steady buys coming in to start the week. with all the good news that will be coming over the rest of the year I can only see the SP rerating big time. GLA

coffeecups… excellent post. Much of what I think is in there. I do believe holding has been worthwhile as I too think that over the next 6-12months the SP will be many multiples of what it is today. GLA

6m high I think. good day. a bit of good news and this will fly imho.

some nice buying today. this is starting to look very good.

This is so happening at long last. GLA

From the agreement...
"Xtract will receive between 20% and 23% (dependent on prevailing gold price) of the hard rock after tax operating cash flow..."

So following on from JDAU's calcs…
2.2 g/T x 29k T/pcm = 63,800g/Au (/31.1) = 2,051.45 Oz/pcm (2dp)
(less $500/Oz) so approx. 2051 x $900 = $1.85m/pcm
Our cut is approx 20% of that so approx £369k pcm or approx $4.4m annually.

Maybe JDAU could confirm this ?

Thanks H5O... It does feel like the string is pulled back waiting to launch the SP. Lets hope it wont break before it is released. GLA

here we go.... 1p 2p 3p

The legendary superspike will look like a mere pimple now... uber spike on the way...

over 1p already being paid...

Could be 5p by summer...

Hopefully we will now see a steady sustained rise in SP. Fingers crossed.

Ok... we draw straws to see who gets to tell Gwynwin its Zambia :-)

We now need to see Q2 alluvial results that show XTR moving through break even and into profit (that's XTR... not Explorator or whatever else we call our manica operations). IF that can be demonstrated then the SP should rerate from these levels as it would enable developing Zambia. A good hard rock deal in Manica would be very good news indeed if all parties are ready to actually make it happen rather than more can kicking. GLA