Xtract Resources Live Discussion

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Dragonslayer1 05 Oct 2018

Mr.Colin Birds involvement with XTR theprior It was after Mr.Colin Bird came to the rescue of Xtract Energy , 24th August 2012 , that I learnt from a poster on ( lse ) username - Arsenal221 , what potential there was in shale oil for XTR . As far as I remember Mr.Colin Bird was appointed to the BOD of Xtract Energy as part of the TIR fund raise . He quickly identified Xtract Energy’s problem " high risk with over paid BOD members ) . He soon changed that by getting shot of the old board and taking on Mr.Jan Nelson . Not sure Mr.Bird pushed Mr.Jan Nelson out the same way but obviously bad luck spoiled any hope anyone had of making Chepica 100% wholly owned by Xtract Resources under the unfavourable terms agreed upon when purchasing of 15% of the Chepica prospect earn in agreement to start with . Your involvement with Xtract Energy is way before my time researching Xtract Resources . In fact it was a totally different company but having said that I’m glad you stayed with it . Since you highlight how shrewd Mr.Colin Bird is . He has no control over the Market Cap that’s done by the Market Makers . He does however have control over the fundamental value of Xtract Resources which on paper is many times that of the current Market Cap . Some good news in coming days / weeks will have this bouncing nicely but Xtract Resources with a Market Cap of £2.17 million means the Market Makers have certainly de-risked the company from any bad news .

theprior 05 Oct 2018

Mr.Colin Birds involvement with XTR Agree to a point but 2012 is recent history. I’m not sure when CB came on board but XTr goes back much further. What about COIL Krzykstan, Turkey, and the tight gas in the North Sea? Lots of memories, lots of projects, and, of course Queensland. All failures of sorts, all money pits, and then Chepica highest hope of them all and doomed to failure after the earthquake. So, is Manica the one that will change the fortunes of this company? I hope so. I may never recoup all my investment but maybe I’ll get some of it back! TP

Dragonslayer1 05 Oct 2018

Mr.Colin Birds involvement with XTR When Mr. Colin Bird decided to use his finance company TIR to save Xtract Energy from bankruptcy with a fund raise of £330,000 he did so with the intentions of using the shell of a company rather than develop the shale oil in Queensland that Xtract Energy owned . Yep , 24th August 2012 was the start and funnily enough the Market Cap was around the same as it is today with a similar amount of shares in issue . He brought in a new CEO . Mr.Jan Nelson changed the company’s name to Xtract Resources with the intention to develop the Chepica copper / gold mine prospect in Chile with an agreement that favoured Polar Star but alas it motivated the ( MC ) even though it was a shell of a company with only a 15% holding in the Chepica prospect and a whole lot of debt but that didn’t deter Mr.Colin Bird . If it wasn’t for an earth quake and accident that caused lose of life at the mine I’m sure Chepica would still be part of Xtract Resources even today . Thankfully Mr.Colin Birds ,forward thinking raised funds when the share price prior to the 200:1 consolidation was above 0.32p /share . Hence when the fall out of Chepica’s bad luck hit the fan the investment made with the funds raise secured the Manica Prospect in Mozambique for Xtract Resources . That we now own 100% with a sub contractor Sino processing Alluvials and a Collaboration agreement with Omnia to process hard rock , other than the fair brides area , through their new processing plant . That new processing plant is to be commissioned in November but prior to that we await 3 rd quarter results from Sino alluvial processing . There’s many other bits of news that could come our way but my post is about what transformation Mr.Colin Bird has done for Xtract Resources . Instead of huge debt which we had 6 years ago followed by more and more draw downs from an expensive US$5 million draw down facility that was linked to the earn in agreement to 100% wholly own Chepica we now have 100% ownership of Manica gold mine prospect with a DFS on the fair brides area . We also have cash in the bank and a chairman more than happy to take shares in Xtract Resources as payment for his hard work . With very low daily trading volumes since the last placing done through Beaufort Securities on 14th November 2017 we’ve seen the share price drop from approx 3.5p /share down to 0.825p /share today . A similar thing happened before with Beaufort Securities done prior the 200:1 consolidation at approx 0.215p/ share then over the course of approx 10 months the SP dropped to 0.07p /share . Weird hey but the bounce that followed had the SP rise from 0.07p /share to 0.28p /share in a matter of two hours on fairly minor news ( 10 fold gold increase in concentrate when mixing outcrop reef ore with central core ore over in the Chepica mine ) . We had Mr.Jan Nelson at the helm but the TIR warrant shares that hit the market when the SP was around 0.42p /share , pre-consolidation of the 200:1 , took the wind out of the SP along with the bad luck of earth quakes and not forgetting the tragic accident that left Chepica redundant for months . Mr.Colin Bird never gave up on us back then and like most investors I look forward to the coming months with expectation . One might say excitement too but then without the many RNS’s we used to get with regards to more and more dilution because of the draw down facility being used we wait patiently in the knowledge the house is in order .

Dragonslayer1 29 Sep 2018

Post " Half Yearly Report " Hard rock collaboration agreement Update We were given an excellent RNS on Friday but for some unknown reason to investors / traders the Market Makers ( MM’s ) did a tree shake . So I read the " Post period End " paragraph in yesterdays RNS outlining the work carried out with Omnia in preparation for hard rock processing through the Omnia’s processing plant . That led me to re-read the Hard Rock Collaboration Agreement ( H.R.C.A. ) Update of 28 Aug 2018 . Surprising how close we are to Omnia commissioning their gold processing plant , November 2018 . Even more surprising will be the choice of upgrade to the Omnia plant that has taken place . If as I imagine the most profitable to both Omnia and Xtract Resources is an upgrade to a total capability plant suitable for all ore types is decided upon Mr.Colin Bird has already stated in the ( H.R.C.A. ) RNS : " Fair Bride may well be processed through the Omnia plant subject to final agreement with Omnia " . Now that’s huge news to come and a probable cause for the ( MM ) tree shake . With the Sino , alluvial Q3 results due in coming weeks along with employment of other alluvial subcontractors signing alluvial agreements there are many other reasons the ( MM’s ) did the shake . Weird how posters on another bulletin board spent all their time bashing a solid company such as Xtract Resources on Friday , debt free , assets worth multiples of current Market Cap ( MC ) . Then to have many usernames announce they had given up and sold out but if you read their post history they’ve been bashing Xtract Resources for months so why didn’t they sell months ago when the share price was multiples of where it is now . Weird lot but I try to buy low / sell high myself always keeping a large holding for any re-rate which will happen one day soon . That will reflect the true worth of the company , Xtract Resources …

Dragonslayer1 28 Sep 2018

Half Yearly Report , up to 30th June 2018 theprior to me it looks like a Market Maker ( MM ) tree shake before the Q3 alluvial , revenue results are known . Being quoted 0.87p /share for a further 100k shares is very tempting since today’s total volume is only 3 million shares for a 12% drop in ( SP ) . Total ( MM ) manipulation but good on them I’ll see if I can bag my next tranche and having just checked someone’s got the same idea … grrr …

theprior 28 Sep 2018

Half Yearly Report , up to 30th June 2018 Looks like the hesitancy about having to do another raise (in the “going concern” section has put a few people off, hence the sp drop (again). For those who believe XTR will come good eventually this represents another good buying opportunity. For the hesitant ones a poor return if selling now. TP

Dragonslayer1 28 Sep 2018

Half Yearly Report , up to 30th June 2018 With the first quarter encountering the wettest of wet seasons today’s half yearly report shows the company is going in the right direction . Revenue from gold sales up to 30th June 2018 totalled £460,000 as opposed to half yearly results up to 31st December 2017 of £166,000 . Since the accounting date with favourable weather conditions the forthcoming quarterly figures expected in October should be very encouraging in deed . With Sino more than capable of working in the rainiest of rainy season I’m very confident for Xtract resources future . A line taken from today’s RNS " Overall in the Period the alluvial operations were cash positive and total alluvial production amounted to 1,200 oz in the first quarter and 1,703 oz in the second quarter ". With news due in October regarding third quarter alluvial production along with updates of the hard rock collaboration agreement with Omnia , fair brides hard rock processing , etc … Xtract Resources being a debt free company with assets including the Manica prospect including a ( DFS on the fair brides area ) , ownership of the previously owned Moz Gold processing plant under it’s belt the current Market Cap ( MC ) set by the Market Makers ( MM’s ) could and probably will multi bag in the short term . Very happy with today’s RNS .

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smith 19 Sep 2018

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Dragonslayer1 18 Sep 2018

Movement, at last theprior news could land at anytime with regards to the hard rock collaboration agree progress . Not sure it’s overdue but then I prefer the RNS’s Mr.Colin Bird issues rather than Mr.Jan Nelson ( substance rather than hope ) . We should get an update from the Sino alluvial processing in early October too . Hence the traders lost there man Jan replaced with Collin Bird who’s turned the company around . From a debt ridden one to one that owns the Manica prospect , has an agreement with a proven alluvial contractor Sino working away quite happily in all weathers . Then there’s fair brides and whether Omnia is going to renegotiate the hard rock collaboration to include it in a new agreement and at what percentage split . Personally I’d say a50 / 50 profits split is the most likely outcome . Aye , Gold being the only constant anyone needs in these uncertain days based on the power of the American dollar I’d say the interest is based on investors rather than traders too .

theprior 18 Sep 2018

Movement, at last News overdue but good to see some interest. TP

utpal01 05 Sep 2018

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Dragonslayer1 29 Aug 2018

Hard Rock , collaboration agreement Update Today’s RNS shows a huge step in the right direction with regards to the Xtract Resources collaboration agreement with Omnia Mining Ltd . With construction by Omnia of its 40kt per month free gold processing plant completed, with commissioning planned in November 2018 . I’d say we’re closer to another revenue stream than most people realise . That revenue stream will be a far better deal than the alluvial processing agreement with Sino since Nexus Capital Limited aren’t involved . Not forgetting an update from the alluvial material processed by Sino is due in October along with another Alluvial material contract agreement announcement with another contractor is due . Hence today’s excellent news regarding Hard Rock at Manica is a fundamental boost that’s bound to attract new investors . Hum … a gold producing AIM listed company with a current revenue stream from alluvial processing and cash in the bank with so much potential valued by the Market Makers ( MM’s ) at … £3 million … yep , makes me wonder what they’re doing but somethings been driving the share price down on low volume and it’s certainly hasn’t been bad news .

Dragonslayer1 16 Aug 2018

58.38 Meticai to 1 US$ , 7th March 2018 was predicted to fall to 64 Meticai to 1 US$ With the ever increasing US Dollar strength it’s now becoming ever clearer why a gold producing miner such as Xtract Resources is in a strong position going forwards . Less than 6 months ago the Mozambican Meticai was forecast to drop to 64 meticai to one US$ . Making wages , land in relation to the value of gold based on US$ ever cheaper . Apart from already proven areas such as fair brides with it’s DFS . Yep , that’s an open pit gold mine with much of the over burden already removed with road infrastructure in situ for the processing of alluvial gold thanks to Sino and of course Moz Gold who even provided Xtract Resources with a processing plant thanks to the rainiest of rainy seasons in recent times putting a brake on processing fine gold and Moz Gold demise . Obviously slight modifications would remedy fine gold recover but we await terrace channel sample result for hard rock processing by Omnia in their nearby hard rock processing plant or will Mr.Colin Bird negotiate with Omnia to use our ex Moz Gold processing plant already on site cutting out transportation costs . Lot’s of news to come but thankfully Xtract Resources isn’t on the breadline hence the gold already in dorey bar format at Manica could easily be used to pay wages , taxes , etc … even with the Price Of Gold ( POG ) at around the US£1,180 /oz mark

Dragonslayer1 07 Aug 2018

Joining the club Bought a trading tranche of 150k shares at 1.04p /share 09:40am , which appeared good value since 500k shares was quoted at 1.075p /share . Happy with that with news due on so many fronts that could easily multi-bag the current Market Cap …

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