Xtract Resources Forum

Goodspeller

Goods

I have a large holding here and have not sold one share and I can understand the initial price drop following the announcement of dilution with the purchase of the FairBride mine. I am somewhat puzzled however now the dilution is priced I why given the positive news this morning we experienced another rinse and repeat. I would genuinely like a debate on why the market is now waiting unless of course this is the message to the BOD that as shareholder we have JD too much dilution. If it is the latter I am happy to wait until 20th Oct.

We should get regular updates on Chépica every time there is a new discovery which looks to be every two or three weeks, and production updates are said to be coming on Oct.20st Info on O'Kiep so far nil..

10m buy or sell?

The script could be that mid october the IMF agrees to give the chinese yuan a reserve currency status and one of the obvious consequences will be a frontal attack on the US$ and I think that the chinese gold reserves at that time will be up.

I seem to remember a forecast from Goldman & Sachs which put the floor at $ 850/oz so in fact we are doing well with absolute crackers coming!

I have no doubt that Chépica is our current and only milkcow in lactation and it looks that every time somebody thinks they have figured it out new veins are discovered and grades are better than estimated. With Chépica, O'Kiep and Manica we could be already a lot bigger than PAF ever was!

Excitement over at JLP and I do think that it is quite possible to see some sort of linking between JLP and XTR if the latter will be looking at platinum.

Wow