Xtract Resources Live Discussion

Dragonslayer1 21 Feb 2020

Market Makers must be frustrated with today's performance clearly showing shorts closing on open market Xtract Resources … hey … May 2019 , many long term XTR share holders including myself loaded up when the share price was around the 0.75p /share . By July 22nd 2019 the SP had spiked to 2.06p /share which was obvious to most hence I’m not the only one to have offloaded half my long term holding , plus 4 trading tranches of 100k shares each . I’ve bought 3 trading tranches back but not bothered replenishing my long term hold leaving the MM’s with approx 2 million shares that on previous spikes I would have bought back . Ironic how I sensed that spiky day’s for XTR are over back then but that’s how I read it . With Sino 2 , generating a revenue stream , Omnia with the option to process hard rock from Guy Fawkes area and of course our partner MMP for the DFS open pit gold mine at fair brides building a CIL plant to process all hard rock within fair brides area with an option of buying fair brides for US$20+ …etc , etc , … DFS sounds good but long term investors will remember that the gold grades got better the deeper the open pit went meaning DFS part one for fair brides is only for a certain depth with more gold below not being quantified . There are the copper projects in Zambia too but for me Manica is what led me to believe 2.06p /share was about where the MM’s would short XTR for the last time . Believing this I held off buying my trading tranches until Mr Colin Bird started topping up . He after all holds all the cards hence I have 3 trading tranches plus half my original long term hold shares left for the long haul . I say long haul the last time the MM’s closed short’s the SP rocketed 7 fold over a 6 week period but it’s knowing when they’re going to do this . Certainly will be done on an RNS with news , doesn’t have to be spectacular news either or should I say wasn’t last time . So my heading says Market Makers must be frustrated , my reason for thinking this is they probably expect long term holders such as myself to buy back shares sold in July 2019 spike allowing them to close shorts without having to fudge buy sell trades like they have today . Seems obvious to me since if I’ve left them holding 2 million shares how many others have done the same . News might arrive Monday or we may see more fudged trades but the more we see of them the higher the initial bounce will be . All in my own opinion of course but like many others I have complete faith in Mr. Colin Bird to make me a lot more money than he already has .

Dragonslayer1 18 Feb 2020

Usual Market Maker bounce closing shorts with buy and sell trades in open market before news Many long term investors have seen this pattern many times before but with Xtract Resources being debt free , owner of the Manica license , many other assets too . It’s hard for the Market Makers to create interest so in my mind they spike the share price in lull periods slap shorts on then watch the retrace gather traders shares . Yesterday’s gains wasn’t a spike in my mind that happened a couple months ago at 2.06p /share to sell . I sold half my holding on that spike and haven’t bought them back no need . I’d be so disappointed trading XTR when substantial news arrives I wouldn’t entertain the fear of that disappointment hence like many I’m just watching the MM’s , traders swap shares but the MM’s will be the winners of that battle . Currently the Market Makers have Xtract Resources , Market Cap around the £4.2m mark . With the sale of fair brides being banded about at a minimum of US$20m , let alone the other hard rock sites within the Manica license area that makes Xtract Resources grossly undervalued . Traders will say otherwise and yet 10% gain here 10% there is fine on a spiky share but Xtract Resources is no longer a spiky share . Watch the MM’s walk this up now as they’ve done so many times before but this time a re-rate may take XTR to the next level . Where is that … ? … a lot higher than current Market Cap .

Dragonslayer1 10 Feb 2020

4th Qtr 2019 , alluvial profits RNS overdue . Maybe multiple news RNS next Getting exciting now with 4th Qtr 2019 alluvial revenue results still not in public domain . With Q3 2019 breaking the usual pattern of 1 calendar month after end of quarter before results are issued via RNS 12th Nov 2019 being the last . It may be a standard for future alluvial results from Sino 2 our sub contractor . Alas worth rereading this paragraph from the last alluvial update . " We have reviewed our management structure and are making several changes to meet the requirements of the Company’s aggressive production development and new exploration targets in Zambia." [link] Long term investors will probably remember Mr.Jan Nelson taking the position of C.E.O. in Xtract Resources when the company had nothing but shale oil in Queensland , Australia . Probably remember the volatility in share price before his announcement too . Just like our spike to 2.06p/ share to sell just a few months back then a dramatic drop to today’s SP . Probably Market Makers shorts but is that to fill shares being purchased by a new C.E.O. . Yep , could be since volume has been exceptionally low . Mr.Jan Nelson didn’t have the luxury of buying shares he didn’t have the luxury of a salary either but was paid in share tranches of 25 million shares , 2 off over a period of time through progress of the company to buy a right to mine an underground gold mine that Polar Star had failed to make a go of . The need for new management to meet the expanding company is a far cry from Mr.Jan Nelson days but just like when Jan took over the share price will undoubtedly respond in a similar fashion . Gap up then trend up but unlike past days of forever having placing shares I see the Manica hard rock through gravity processing done by Omnia at Guy Fawkes and CIL plant with our partner MMP in the fair brides open pit gold mine . Generating revenue and profits to sustain not only the Zambia copper projects but deliver enough revenue to future explore the Manica hard rock areas . Creating more areas with D.F,S.'s to develop . Hence are we due the next Alluvial Gold Update on the 12th Feb 2020 . That would start a new pattern but one things for sure we’ll get those results soon enough but the new management announcement will cause more of a stir than our usual alluvial revenue stream will P.S… on rereading my previous post I noticed the improper use of whether being maybe this of that and weather being rain / wind / heat . Hence my apology for any confusion caused .

Dragonslayer1 04 Feb 2020

4th Qtr 2019 , alluvial profits RNS overdue . Maybe multiple news RNS next With Q4 2019 whether being much milder that Q4 2018 especially without the major cyclone that hampered alluvial processing last year . I’m confidently , patiently waiting to learn what revenues swells Xtract Resources coffers . As I’ve mentioned before the sell trades we’re seeing are probably Market Maker shorts closing with a few novices giving their shares away at the bottom of the trading cycle . Yep , long term investors in XTR have seen this cycle so many times before . They probably just nod and think , I know that … lol . Alas it’s always worth sharing views with new investors to XTR even short term traders for that matter . Since not all will know the background . Most importantly debt free , owner of the Manica license , regular quarterly revenue stream , up trending POG over the last 3 years , Copper venture in Zambia that produced better results than Mr.Colin Bird imagined they would . Not forgetting Mr.Colin Bird has been buying tranches in XTR giving his support to the share price but the ultimate masters of the share price are the Market Makers . Weather they’re short , long , filling large background orders , …etc … Weird how I can’t think of a reason for an AIM listed company not to include placing shares or offloading of placing shares but that’s due to Xtract Resources low risk / high reward Chairman’s doing , after all Mr.Jan Nelson his ex best friend almost ruined the company a few years ago taking risk .

Dragonslayer1 28 Jan 2020

POG approx US$1,580 /oz , 4th qtr Alluvials from Sino due With gold prices taking centre stage it’s hard to forget only a short while back the Market Makers spiked the SP from 0.75p /share to buy up to 2.06p /share to sell . Then quickly dropped the SP to around the 1p /share mark . It’s been there quite a while now awaiting it’s next catalyst to spike once again . Did the Market Makers spike the SP to slap shorts on to tempt sellers as they filled shorts on open market with 250k shares , sell tranches . Probably since they’ve being doing similar to XTR share price since Mr.Colin Bird took the helm . He’s a shrewd man doesn’t do placings unless he absolutely believes it’s the right thing to do so how else do the Market Makers create a market without spiking / shorting / spiking / etc … a pattern … hey … a logical one at that . Xtract Resources has no debt , owns the Manica license outright , Sub contracts alluvial processing to Sino 2 which we no longer have to share profits with Nexus with , Has a fantastic copper venture going on in Zambia and at current price the Market Makers believe the Market Cap is only worth £4.5 million … hence my thoughts a spike is due . Long term holders haven’t been selling out at under 1p / share they see through MM games to easily . So are the small sell trades also MM trades …? … maybe but before long the remaining shorts will be filled by large buy trades as per usual creating a squeeze when Pi’s are unable to buy at same price as they see buy’s going through . Usually Sino 2 , alluvial quarter results are announced one calendar month after end of each quarter , owing to gold being sold in Dubai for a better price . That makes 1st February due date for results but owing to the 1st being this Saturday I feel Monday will be RNS day . Alas Monday is also a good day for Market Makers to do their usual party trick .

Dragonslayer1 24 Jan 2020

Eureka shines beyond Mr.Colin Birds expectations ... Podcast with Mr.Colin Bird talking regards Zambia copper / cobalt projects . [link] Mr.Colin Bird certainly has turned Xtract Resources around since Mr.Jan Nelson day’s from a debt ridden lose making company that directors didn’t invest in to a debt free heavily invested company by Chairman Mr.Colin Bird especially when it mattered . His hands on approach has led to a company not dependent upon risk but sub contractors and partners getting it right . From the Manica alluvials processed by Sino 2 , to construction of a CIL plant for hard rock processing by our partner MMP . at the fair brides area of Manica . All progressing as previously announced too . Now Xtract Resources has this other prospect " Eureka " of what initially appears to be of huge significance . It makes me wonder if hole results from holes 4 and 5 come back similar to the first 3 then a partner may be sought similar to the fair brides open pit gold mine with it’s DFS at Manica . Creating another revenue stream with little to no risk involved . Mr.Colin Bird has progressed the company in the complete opposite direction to Mr.Colin Bird . Taking little risk by utilising sub contractors , partners whereas Mr.Jan Nelson bought drills , ball mills , processing plants , etc. . to work an underground gold mine that was in an area subject to earth quakes . I’d say we’re now in a very safe pair of hands . Worth listening to the Podcast to get a better picture of the size of the Eureka prospect .

Dragonslayer1 23 Jan 2020

Eureka shines beyond Mr.Colin Birds expectations ... Fantastic news regarding the Eureka project Xtract Resources copper-gold small scale mining licence number 22134-HQ-SML , located in the Central part of The Republic of Zambia . Mr.Colin Bird commented , " the results are intriguing on the basis that the occurrence is characteristic of typical copper belt mineralisation whilst the deposit is some considerable distance from the copper belt " . Highlights of today’s RNS reiterate Mr.Birds thoughts · First three holes at Eureka Project cut shallow copper-bearing intervals over downhole widths ranging from 52m to 77m with the fourth hole in mineralisation · Handheld XRF spectrometer indicated potential elevated copper and cobalt values · Historic and current drilling confirm mineral zone over 240m of strike and to 95m depth, open in several directions and appears to widen at depth · Initial core logging suggests possible Copperbelt-style deposit setting · Drilling continuing at Eureka- holes being logged and sampled in preparation for external assay . Not forgetting also included in today’s RNS was the Matrix Project update which indicated a 7m mineralised interval in hole MX-05A [link] Whilst near term Q4 2019 alluvial results from sub contractor Sino 2 are due ( probably on 3rd February ) along with updates on the Manica CIL plant being constructed by our fair brides area partner MMP . It’s reassuring to know Xtract Resources , Zambia venture is progressing on a much grander scale than first imagined .

Dragonslayer1 20 Jan 2020

Mozambique , Manica province mid rainy season , Sino 2 alluvial revenue due 3rd within 2 weeks Been keeping an eye on the weather in Manica province after last years wet seasons double whammy of two cyclones . Yep , we had two cyclones last year that impacted upon road infrastructure , fuel deliveries , day’s down due to high winds / heavy rains . Hence good news for Q1 2020 alluvial and hard rock development . With no news regards Omnia working Guy Fawkes hard rock on a cherry picking basis it could mean work was required on their brand new hard rock processing plants circuit’s to process Manica hard rock . I’m sure we’ll find out soon enough . With the CIL plant confirmed in the 4th Sept 2019 RNS ( Number : 2407L ) as being on track with our partners MMP , with a well designed and built plant together with an optimal mine plan. It’s nice to reflect on another paragraph within that RNS . Construction installation work on the CIL is planned to be completed with commercial production being achieved by 1 July 2020 (with a long stop date of 1 October 2020). Commercial production is defined in the Collaboration Agreement as a being installation of a processing plant with a throughput capacity of not less than 29,000 tonnes per month (being 70% of the planned 42,000 tonnes per month throughput) Now with Xtract Resources progressing into development of hard rock gold mining let alone the alluvial revenue income it’s hard to work out how the Market Makers value Xtract Resources at just £4.6m but then we’ve seen this type of valuation before when under Mr.Jan Nelson outcrop ore when mixed with central core ore at Chepica increased concentrate grades 10 fold . The share price rocketed from 0.07p /share to 0.49p /share in just a 11 week period . Sadly back then the Market Makers didn’t explain how small the quantity of outcrop ore was . Not that that matters I’m just highlighting how Market Makers tend to be the last to value a company by it’s true worth . This time we have a DFS at fair brides a partner doing all the work and of course sub-contractor Sino 2 bringing in a very useful revenue stream whilst they remove over burden that had to be removed to get at the hard rock in the first place … hum … nice hey .

Dragonslayer1 16 Jan 2020

Market Cap , un-effected by Market Maker shorts closing Appears to me Market Maker shorts are now closed with the recent share price drop on very low volumes . Similar patterns have been seen many times before with MM’s chasing stops , shaking out newbies before news arrives via RNS . It doesn’t take much research to see the spike from 0.75p /share on 22nd May 2019 to 2.06p /share on 23rd July 2019 at which point shorts probably went on . I sold half my holding in that spike which I haven’t bought back but then profit got banked outside my trading account believing share price was going higher than 2.06p /share . Alas that was my 100k / share tranche sold that day that appeared as a buy which made which on reflection makes me realise shorts were going on . Little spikes since have seen pull backs after large sell trades appear on low volume , MM’s closing shorts open market . I’m happy with the holding I’ve got and would be exceptionally lucky to buy the trading tranche of 100k shares I sold at 1.088p /share on 10th January 2020 at 120hrs but none to worried if I don’t . Since the Market Makers are chasing stops , tree shaking I might get lucky . Hum … three trading tranches in hand already a fourth may prove to be very profitably in a short space of time …

Dragonslayer1 14 Jan 2020

Market Cap , un-effected by Market Maker shorts closing Seen these sell trades over last week or two of quite some size with no effect to share price and yet a few tidy buy’s have real time ASK up and currently 1.11p /share . Coming closer to news by the day with Monday February 3rd being assumed day for Q4 2019 alluvial profits release day from Sino 2 , owing to XTR gold now being sold in Dubai . Weathers been showery with storms in Manica with reasonable temperature . Thankfully no cyclones this year to worry about Q1 2020 alluvial processing which was so badly affected by flooding around the coastline of Mozambique 2019 . News of copper processing in Zambia could come at anytime and probably a good reason for Market Makers to close shorts in open market which long term holder have seem them do many times before . Aye , they caught a few novices out doing that one being buriedtreasure from L.S.E. fame who followed the sells with his own holding costing him a lot of money being suckered in by MM games .

Dragonslayer1 04 Jan 2020

Q4 2019 alluvial , dore bars en-route to Dubai with a little extra What a wonderful time for POG ( Price Of Gold ) to rise above US$1,550 /oz knowing from December 12th , Nexus no longer take a 50% slice of Explorator Limitada’s profits it all goes to Xtract Resources . With favourable weather throughout the quarter along with less management costs with Nexus gone results should be very pleasing indeed . Not forgetting Sino 2 were asked to remove over burden to aid hard rock mining on their way to the chicken farm area of the Manica prospect . Hence news regarding fair brides may land before February 1st which is the date I expect Sino 2 dorey bar sales in Dubai to be announced through RNS . I’ve seen the usual Market Maker shenanigan’s over the last few days with some nice size sell trades going through and yet the real time ASK rose to 1.02p /share even in last minutes of Friday trading on small as well as large volumes . I often say to myself it’s MM’s closing shorts before news arrives but more likely MM - MM trades to scare novices into selling . Seen it to many times before to pay to much attention to it just sharing my thoughts . With the company valued by the MM’s just over £4m and recently been walked down from 2.06p /share news could easily have this bouncing in the right direction pretty quickly . Whether it be Fair brides progress report , Omnia hard rock results from Guy Fawkes area , Q4 Sino 2 , dorey bar sales results from Dubai , copper processing from Kalengwa , etc … doesn’t really matter but news is due within the next month that could re-rate Xtract Resources . Nothing ever goes up in a straight line but I personally believe a multi bag of current Market Cap is easily attainable in the not to distant future .

Ripley94 30 Dec 2019

Institutional Investors! XTR… XXXX Looks like the bottom was 0.93 ish .

Dragonslayer1 29 Dec 2019

100% alluvial profits from the Mozambican subsidiary Explorator Limitada's Always worth considering all variables when questioning strength of alluvial revenue stream from our sub-contractor Sino 2 . From another chat site it’s been pointed out " owing to Mr.Colin Bird redirecting Sino 2 away from the river bed to clear all overburden to reach all alluvials within Sino 2’s designated area production figures over the last 5 quarters have declined Production figures over last 5 quarters (in ounces): Oldest first Q3 2018 1811 Q4 2018 1328 Q1 2019 1293 Q2 2019 1088 Q3 2019 994 Which may take the lustre away from the recently announced departure of Nexus and their 50% take of the profit split that now goes to Xtract Resources . So what other variables are there ? Q3 2018 … the revenue profit split was 60% Nexus - 40% Xtract Resources . Q3 2018 … Dorey bars were sold locally with US$1,100 /oz lucky to be attained . Since this particular quarter had exception amounts of alluvial gold mined I feel it fair to compare it to what we will get from 2nd December 2019 Q1 2020 … 100% profits from Explorator Limitada’s Q1 2020 … with gold now sold in Dubai closer US$1,400 /oz , an increase in excess of 25% There’s also that chicken farm area that Mr.Colin Bird announced Sino 2 would be heading towards with high grade gold with less over burden to consider . Now Nexus are out of the way I’m sure that’ll be tackled along with adding that 2nd alluvial sub contractor that was been mentioned .

Dragonslayer1 25 Dec 2019

100% alluvial profits from the Mozambican subsidiary Explorator Limitada's With Nexas announcing their exit from the 50% / 50% profit split as from 2nd December 2019 it goes a long way to explain why Q3 2019 alluvial results were delayed . From previous announcements I and many others expected Q3 2019 alluvial results to be issued via RNS November 1st 2019 . Whereas with the exit of Nexus they were delayed to November 12th 2019 . This leads me to believe Q4 2019 alluvial results will return to the 1 calendar month after end of quarter or 1st February 2020 to be more precise . With increased revenue going to XTR from 2nd December 2019 results should create quite a stir especially with road infrastructure remaining the same , sub contractor Sino 2 staying the same , etc … creating a larger revenue stream from alluvial processing with less overheads / costs involved . POG up around US$1,500 /oz is also a welcome bonus not forgetting we’re already recovering all be it small scale copper recovery operation in Zambia at present but soon to upscale to large scale . Alas Gold in Mozambique is where I see the large profits coming in the new year with fair brides hard rock well on it’s way to being processed with it’s D.F.S. clarifying all the unknowns mining companies need to make large scale investment which we know Mutapa Mining and Processing LDA (“MMP”) has committed to do . With no news regarding Omnia processing hard rock from Guy Fawkes area in it’s nearby hard rock processing plant that might be the start of good news in the New Year . Alas for a company valued by Market Makers at £4 million with so much fundamental value , no debt , cash in the bank , ever increasing revenue streams , etc … any information coming out of Mozambique or Zambia could be cause for a re-rate . Which I’m sure the Market Makers will do when they think everyone else has taken their eye of the ball .

Dragonslayer1 20 Dec 2019

Today's RNS confirms KPZ has accepted XTR as operator for the Kalengwa Processing project All settled in shares as previously known but now officially paid in full : 18,795,236 new Ordinary Shares of 0.02p each in the capital of the Company (“New Shares”) at an issue price of 0.8395p per Ordinary Share . Application will be made for admission of the New Shares to trading on AIM on or around 2 January 2020 . With KPZ having restrictions of the sale of these shares . [link] KPZ must give Xtract 60 days’ notice of the number of New Xtract Shares KPZ wishes to sell and any such sale must be conducted through Xtract’s Broker: · 20% for a period of 6-12 months; · 50% for a period of 12-18 months; and · 30% for a period of 18-24 months Following expiry of the lock-in period at the end of the 24th month, KPZ will be free to dispose of the balance of any New Xtract Shares it then holds without restriction. [link]