Dragonslayer1
02 Apr 2019
Feedback from Investor show Got some feedback from the investor show that all looks good for Xtract Resources , Sino 2 & Omnia … plus share holders . No structural damage done bit like last year with heavy rain and moderate flooding in patchy areas . With Sino 2 having 4 alluvial processing plants on cite to meet their 16th January 2019 throughput targets of 2 fully operational plants processing 200 tonnes per hour on a consistent 24 hours per day basis. Grades were quoted as were previously mentioned 0.15g / ton and were supposed to increase as we entered the chicken farm area … hence no update on grades from chicken farm area announced yet but then an RNS would be needed for that if substantially higher than previously grades were to be quoted , which they’re expected to be . With the 29th August 2018 , Omnia Hard Rock collaboration agreement for the terraces plus twelve potential mining sites identified within 15 km radius of Omnia plant . It shouldn’t be to hard to include the fair brides open pit gold mine to . It must be the cost of modification to Omnias huge hard rock processing plant required for stage two processing that is under discussion . All be it in the future better to plan ahead so Xtract Resources gets the best deal for it’s share holders . With the rainy season out of the way progress should be substantial and news including Q1 2019 alluvial revenue results should be just around the corner . Many thanks to those who attended the investor show and shared their notes with me .
Dragonslayer1
29 Mar 2019
Good news for Gold producers such as Xtract Resources With Russian quadrupling it’s gold reserve in the last decade along with Poland and Hungary surprising analysts by making the first substantial gold purchases by a European Union nation in more than a decade. www.bloomberg.com/news/articles/2019-03-29/russia-is-stocking-up-on-gold-as-putin-ditches-u-s-dollars?srnd=premium-europe
Dragonslayer1
24 Mar 2019
Q1 alluvial earning with hard rock from Omnia update So a cyclone warning was given on the 9th March that hit the Mozambique coast line at Beira city on the 15th March and yet schools were still open as if nothing was going to happen . A large flood plain 30 miles in length formed West of Beira flooding many small villages with reports today of over 400 fatalities it’s a miracle that number isn’t far higher . Strange how this is history repeating itself from the year 2000 but every wet season , 1st Quarter of every year , has been subject to cyclones , heavy rains , high winds for hundreds of years including last year . For the long term investors it was our sub-contractor Moz Gold who failed to respect the weather to the degree needed to survive . A dump truck ploughed into an excavator on a very rain drenched slippery sloop . That rainy season was deemed the wettest in many a season for Manica this year it’s further East , South East some 270km to the low lying city of Beira . Last year Mr.Colin Bird praised Sino’s ability to work in such torrential rain adding they appear to have more of an understanding using mobile alluvial processing plant than Moz Gold the results confirmed his opinion . This year with double the plant and a much anticipated increase in revenue not only through the renegotiation with Nexus on the profit split but 24 x 7 throughput commitment given by Sino 2 on the recent 16th Jan Gold alluvial contract . It might be slightly under expectations but with April we say good bye to the wet season for another year . Thankfully Xtract Resources is debt free with a revenue stream , risk free too as far as assets are concerned apart from the Moz Gold processing plant we acquired from Moz Gold when they threw the towel in after spending over a million dollars removing overburden and processing ore containing fine gold . The Moz Gold plant was unsuitable for fine gold or I’m sure they would have made a tidy profit . We do however have Omnia contracted to process the hard rock in the terraces . Whether they heeded whether alerts to bunker down for the Mid March cyclone one can only assume they did since they’re not new to Manica . Hence further details as far as progress is concerned should be forthcoming . POG , price of gold has held above US$1,250 / oz for a while increasing the value of the original DFS but a revised DFS is due to be announced allowing cherry picking of low lying fruit . Well if it gets the hard rock at fair brides processing underway that’s ok with me and as far as a fair brides , open pit gold mine partner is concerned Omnia look the number one candidates to me .
Dragonslayer1
22 Mar 2019
Manica Gold prospect , 270 km West , North-West of the city Beira Nice to see Sky News reporting Mozambique’s road infrastructure should be patched up within weeks months at latest . With residents preferring to stay where they are requesting food / water plus temp shelter .( tents ) in some cases . With the flooding subsided I’m sure crops due for harvest that weren’t brought in before the cyclone warning was given are now being cleared ready for the March seeding . As most people who researched Mozambique before this recent cyclone would know it’s happened before and no doubt will happen again hence with the world’s attention focused on the sad lose of 245 lives let’s hope the 12,500 dwelling flattened in Beira are reconstructed with a more solid structure base in mind . With the end of Q1 now days away and of course our experienced alluvial miner SINO 2 battling to achieve throughput goals . Let’s hope they were reached before the 15 Feb giving them time to re-organise the portable processing plants even closer the chicken farm area if needed . As for Omnia they have a new plant for processing the hard rock from the terraces but I’m not sure if that’s on their neighbouring prospect or on Xtract Resources . Nonetheless I feel Omnia will be agreeing a deal with XTR shortly to process fair brides through their established monster hard rock plant hence … news is due , just glad I got me 550k share top up in when I did . Doing dummy buy trades to get a further 500k share tranche has been met with Negotiated / Trading ( N/T ) . I need a nice SP , tree shake to get it but if this is already N/T at current price I’m starting to think I have a full house of Xtract Resources shares already .
Dragonslayer1
21 Mar 2019
Manica Gold prospect , 270 km West , North-West of the city Beira Been doing some research to find out as much as possible with the cyclone hit coastal city of Beira . From Xtract Resources Plc , website you can clearly see the mountainous area we’re developing is far different to the low lying ground surrounding the city Beira . With confirmed reports of 200 dead so far , some caused by flying tin roofing it’s a miracle more haven’t been reported but there we go Beira has two main rivers passing through it that may have swept up to 800 people away . It surprised me to come across the arch dam and hydroelectric facility on the Zambezi River in western Mozambique after viewing the flimsy shacks that sheltered people from 106 mile per hour winds related to the cyclone . Hence infrastructure to transform Mozambique from a third world country has been going on for a while . With rebuilding needed in the city of Beira to replace a large proportion of homes I just hope it’s done to a high degree not re-erecting more flimsy shacks . Going back to our Manica prospect where our sub contractor Sino worked last year in the wettest of wet rainy seasons known for many a year . I’m confident they would have moved their portable alluvial processing plant to higher ground if needed . In a recent pod cast Mr.Colin Bird emphasised Sino had used deep bedded alluvials to process Q4 2018 to allow less deeply located alluvials heading towards the chicken farm from Q1 2019 … he also reassured listeners there was good gold there hence even though we’re coming to the end of Q1 2019 and recently experienced the Cyclone Idai , thundery weather in our area I’m sure revenue figures will be greatly increased from Q1 , 2018 … Just the fact a contract demanding 24 x 7 throughput with double the plant explains my reasons . I notice POG is around US$1,318 / oz also favouring Q1 2019 , alluvial revenue from Sino 2 . Be nice to get an idea of Omnias progress of the terraces hard rock but anything apart from Sino 2 is a Huge bonus . I mean the Market Makers believe the company is worth £2.65m … even though it’s debt free , owns the Manica prospect outright , has a DFS of the fair brides open pit , etc , etc … yep , like SOLG they’ll re-rate Xtract Resources when they’re ready .
theprior
20 Mar 2019
The beauty of having low risk , revenue making sub contractors Had a little purchase myself earlier at the same price. Not quite as many as you😉 but another trading tranche (only my second) it won’t make me rich but it may well turn me a profit, which is why we’re all here, thanks for your regular updates, ii always the first port of call when I’m updating myself on XTR TP
Dragonslayer1
20 Mar 2019
The beauty of having low risk , revenue making sub contractors for those wondering what the weathers doing in Manica , Mozambique who haven’t Googled it I thought I’d add this link . Remembering 1st quarter is the rainy season but look how this 10 day forecast suggests things will pan out . Not bad … hey … sadly Mozambique coastal areas battered by the cyclone will need a bit more than fine weather though but hopefully more capable structures are erected to take the place of the one’s demolished . [link]
Dragonslayer1
20 Mar 2019
The beauty of having low risk , revenue making sub contractors just got me 550k shares … at 0.7505p /share can’t argue with that … probably show as a sell on most boards since the Bid was 0.75p and the ask 0.80p / share .
Dragonslayer1
20 Mar 2019
The beauty of having low risk , revenue making sub contractors With Mr. Colin Birds safe approach at developing our Manica license area in Mozambique it’s considerably reduced the risk to share holders who are invested in Xtract Resources . Yes , there may be a few lost days of alluvial processing , may even be a few lost day’s in the the development of the hard rock in the upper terraces that Omnia developing . Alas there’s always a positive to come out of the flooding in the area . Not sure if any equipment has been damaged but Sino set up their processing plant last rainy season right by rivers edge with the ability to move to suit the conditions hence feel happy Sino 2 will have taken precautions before the cyclone arrived . With preparation for the rainy season being done in Q3 2018 supplies of fuel , food , etc . would have been done in advance after last years wettest of wet rainy seasons for many a year . Does the flooding , if there is any at our concession help with the removal of overburden at fair brides open pit gold mine … ? Will the coastal city Beira recover quickly or will a building program be implemented to produce more robust dwellings … ? … many questions to ask but as we learn’t from last years Sino 2 and Omnia both have experience of working in the rainy season hence lets hope we grab a few bargain shares from those that haven’t a clue what cyclones are about . Especially their effects inland …
Dragonslayer1
19 Mar 2019
Struggling to find an entry for next trading tranche from the first quarter of 2018 , Sino made good progress of alluvial processing even in the wettest of wet seasons . They’ve now got double the processing capability with a commitment to operate 24 x 7 ( contract ) . With Mozambique often experiencing cyclones during the rainy season it’s quite ironic how flimsy building are demolished , rebuilt in such quick time hence to me even though over a hundred people are known to have lost there lives and 30 miles of coast line is under water owing to a river bursting it’s banks it’s something that is manageable with the usual aid of the Red Cross , charitable organisations moving in to restore order . With the Manica province experiencing heavy rains we already know Sino 2 have the experience of coping with that . So why have the Market Makers ( MM’s ) dropped the share price down to 0.775p /share with 0.8p on the ask and 0.75p on the bid ? I can only guess an RNS has been logged . Yep , the ask is at 0.80p /share but try buying any the max I’ve been quoted for is 50k shares … backing up my opinion an RNS has been logged . With long term holders now being large share holders at that there’s no reason to sell hence nobody is . well done Kat over on the other chat site for employing a new username to try to create panic but most share holders see through his / her multiple user name , moderation team status by now .
beansfordinner
19 Mar 2019
Struggling to find an entry for next trading tranche I don’t do much of fundamentals apart from known dates really. I’m not questioning your research at All. Just on a technical level, I’m not confident rhe morning rise from gap down is real. That’s all. Just an opinion
Dragonslayer1
19 Mar 2019
Struggling to find an entry for next trading tranche beansfordinner … it was technically a tree shake dropping 10% for a few moments then recovering 7% of that drop on small trades . With 1st quarter results due in a few weeks time for the Sino 2 alluvial processing it’s probably the last week of any chance of getting in below 0.80p /share . With a contract signed to hit processing tonnage targets using double the equipment of Q4 , 2018 since February 1st 2019 there’s a good chance of a gap up of large percentage amounts that long term investors in XTR have experienced many times before over the years . This time though being a self funded project the hard rock in the terraces being processed by Omnia may give it a huge a nice catalyst to sustain an upward trajectory before an announcement is made on fair brides hard rock processing … aye … be nice to read your research notes .
beansfordinner
19 Mar 2019
Struggling to find an entry for next trading tranche I’m not so sure it’s a treeshake. Whilst the gap down can often be clearance for the next rise, this particular gap down doesn’t tick many boxes for that. Of course this is just opinion at 0.796. As with all opinions, market could prove me wrong
Dragonslayer1
19 Mar 2019
Struggling to find an entry for next trading tranche offered 0.799p share on my 550k share buy order , transferred money into my trading account and what do you know . Share price rises to 0.845p /share … brrr … making it to close to other tranches at that price to buy . I worked in a little village named Donnybrook way back in 1992 when a cyclone hit the coast from Fremantle down to Dunsborough , epicentre midway pushing boats on shore , etc … Funny thing is only 20 miles in land the destructive force was down to gale force winds bending trees over but not breaking them . Heavy rains lasted 24 hours then within a further 24 hours we were back in the orchards picking apples as if nothing had ever happened . My friends back up in Perth were worried having seen the news but I assure then the further in land you are the less likelihood of injury . This mornings 10% drop would have suited me fine but obviously others know how cyclones work too hence the tree shake and recovery in the blink of an eye . I’ll keep money available now in the hope of another tree shake though .
Dragonslayer1
07 Mar 2019
Struggling to find an entry for next trading tranche With the usual confusing posts over on L.S.E … I read CaveatEmptor post " The last I heard the addition of a tail end was going to cost about $10,000,000. " , So I read though his post history until I came across the post where he stated Omnia had paid $8,000,000 for a hard rock processing plant but had no hard rock to process and that’s why they were looking at fair brides … lol … bit weird the tail end bit , which wouldn’t be needed for the initial process of ore from fair brides , would cost so much but then a lot of what’s posted over there is for the benefit of their position held . This led me to increase my next trading tranche size to 550,000 shares but being asked 0.915p .share I did a dummy for 50,000 shares and had the same ASK quoted … brrrr … might have hit the bottom of the currant ( MM ) retrace with the blatant basher’s gone quiet over on L.S.E. … appears another RNS is on it’s way . With regards to overburden at the fair brides open pit gold mine our Moz Gold , sub contractor removed a lot of it during their short but costly venture as a sub contractor to Xtract Resources . Yep not only did they spend over a million dollars trying to get their processing plant to function properly they ended up with fine gold that slipped through their unsuitable processing circuits … the story was good for Xtract Resources but bad for Moz Gold who installed the infrastructure that presumably Omnia will be using if Mr. Colin Birds recent podcast is interpretated corrected . They have their other 40kt per month free gold processing plant treating hard rock from the terraces too , which according to RNS’s started Q1 2019 . So that’s SINO with double the alluvial processing plant capabilities from Feb 1st , working 24 x 7 with a throughput commitment . Omnia with a hard rock collaboration agreement process the terraces in Q1 2019 and on top of that indications are the main Omnia processing plant located at their own prospect is being readied for processing fair brides hard rock ore … that’s not been confirmed through RNS yet . With Q1 2019 coming to an end revenue figures from Sino should lift the SP considerably but I do hope the ( MM’s ) do the usual thing before then and give me space to buy that next trading tranche … love it … so predictable but I might just have to be happy with what I’ve already got .
