Member Info for Teacup64

+18.67%

Right, this post flow is getting messy. What I mean is the cost of production, how long the operations are anticipated to continue, with the discovery of new deposits such as the Andre zone etc. How it will be tackled which has only been lightly touched on....although we are not operating, these are the sorts of details I'm looking for with the release.

Lol, I was only playing about with that ending ;) The facts are clearly in my own notes, where and how I managed to derail from them is anyone's guess...but it's certainly a huge increase from where I led myself to believe that Nexus would be taking 60% of our share of Omnias HR operation.....really, I should be more excited than you are!....perhaps with those newly realised numbers I should be going nuts?

It will be interesting to see what the plans will be for all of the HRs(exc FB) across the entire concession, possibly the plans including FB if that's what Colin thinks is best....I would like to see that it's thrown into the bag with all other deposits personally. Well hopefully, anticipation of this news coming shortly will drive the SP beyond my breakeven, before the news even arrives.

I should have checked my notes really, but then again, all of a sudden, things look even better than they did before yesterday! It's like a second RNS.....Come on everybody, let's go nuts ;)

13th Feb 2017: "The Board of Xtract Resources Plc ("Xtract" or the "Company") are pleased to announce that Xtract and Nexus Capital Limited (previously Mineral Technologies International Limited, "Nexus") have agreed the terms of a collaboration agreement for the exploitation of alluvial gold deposits at Manica". Yeah, thanks guys, my notes agree with you two....not sure where I've picked that up too? ;)

Hmmmm, I'm gonna stop being lazy and actually check my notes, just in case I'm misleading myself. Back in a mo.

I'm aware that Nexus have no cut on FB, but without going through notes, I'm sure that the rest of the concession, including the '50/50' HRs with Omnia, nexus do have a cut, is that correct?

Indeed. It's nice to see that so far, we've had two days of solid rises off the back of one RNS who's real value hasn't even been fully unlocked yet!

....Looks like the seams are beginning to split again ;)

Jessell - I'm firmly in your camp, as far as this debate goes. I've critisised CB all the way down, averaging down as I go, and I absolutely agree with your anger and where it stems from. However, putting my losses aside, I have to also recognise the benefits of the latest agreement, now, and when the new contractors join us. As I said to JDAU yesterday, I don't think the agreement deserves any celebration yet, at least not from me, as I'm still down on my average. Many that bought recently clearly have plenty to celebrate about, but as I said, my celebrations will be postponed until my average is closer, but at the same time, I'm also holding back on my critisism of Colins past actions as I think it's unfair to critisise him when he actually does pull something decent off. Put it this way, the day before yesterday, I would have prefered to see the stored gold in cash, in the bank. This was for lack of trust, the risk of theft, falling SP etc. Actually, the outcome was far better than I could have possibly imagined, as by storing it instead of selling, we retained a further 10% of the unsold golds value than we would have otherwise received. Not to mention the small, but additional value to the continued alluvial operational returns. Further, we have the potential for more alluvial contractors and HR operations where the agreement will further demonstrate the value of the deal. As angry as I am still with how things have developed, this is actually a good agreement and hope more like this can continue.

Slowly but surely, folks are succumbing to the temptation.......+17.90%, that's not too bad to be fair!

Whooaa, a recommended post. I guess there's a first time for everything ey! ;)

My average, is 1.33, so any single big RNS, especially with this mcap, will probably far exceed my breakeven with ease. That will certainly put my mind at rest. Putting the 'when' aside, we all know what's in the pipeline, hopefully this is the start of that news run I have waited so long for.

Next up, November's HR plan and costs with Omnia. Onwards and upwards!

Oh, and in hindsight of this renegotiation, CB has pulled a blinder in terms of storing gold. That, I did not expect!

JDAU - I'm happy that the renegotiation was successful, but it's not something I feel I can celebrate just yet as I'm still down from my average. Don't get me wrong, the negotiation will inevitably benefit the company and shareholders in many ways, before and after new alluvial contractors & HR are thrown into the mix. Until we start to have a run of good news, my celebrations will be muted. But I do recognise that if all goes according to plan, this negotiation could reflect in a big uplift in overall profits.

I don't disagree with your logic, but as in my case, it's not always the way it seems.

Let's look at things this way...so long as we are waiting on news, the price isn't going to be going up, and we will probably drift regardless of posters critisising CB, the company, or not.

Andrew, posted the other day explaining the misunderstanding that many had in regards to the unsold gold, as did you. Now, although we may have our personal issues, I can assure you that your corrections of those said posters, speak louder and farther than you probably imagine....I don't think the labelling is required at all. If anything, it probably has the opposite effect.

There is nothing more awkward than that moment during an arguement that you realise your wrong....if everyone can see that, why follow up with accusations and kill the debunking that has already been achieved?

Well done JDAU. Yes, your correct....I'm just getting a little bored of having to listening to you accuse everyone of anything that discredits their opinions. I'm trying to stay off the board, but it's incredibly difficult when you just can't help but point fingers.....maybe you're right in your allegations, maybe you're wrong, but just give it a rest would you.

You used to always accuse me of not holding, you were wrong. You used to say that I was talking BS, whenever the deadlines that I mentioned were missed, even though it was clearly stated in the very links you like to post, so again you were wrong....it appears that you just want to point fingers at anybody that has a differing opinion to yourself!

I have no issue with you pointing out where facts are wrong, just stop with the automatic labelling of your enemies!

JDAU....you're starting to sound like that Alex Jones bloke! ;)

Indeed....it's a little sad to be honest. Hes definetly committed towards his cause, but sad nonetheless.

Indeed, I did. But the risk wasn't worth it beforehand though, and the risk is not entirely over either, as the money won't last too long.