Xtract Resources Live Discussion

Dragonslayer1 06 Mar 2019

Producing cash now surplus of income over expenditure ..... from a company valued at £3 million Cygnus_7 I think it’s to allow me to get all me top ups in before reality sets in and the shorter gets burnt . Aye , got one tranche of 250,000 shares at 0.9175p /share today . Hopefully get a few more of this size but need a space in share price since these are just trading tranches . Would like the ( MM ) shorter to oblige but there you go I’m delighted to have got a tranche close to 0.9p /share after yesterdays podcast and of course those two recent RNS’s … could be just ( MM’s ) chasing stop loses for all I know .

Cygnus_7 06 Mar 2019

Producing cash now surplus of income over expenditure ..... from a company valued at £3 million Does anybody know why this has fallen by 14% ? Am I missing something? Cygnus 7

Dragonslayer1 06 Mar 2019

Producing cash now surplus of income over expenditure ..... from a company valued at £3 million I remember Mr.Colin Bird saying he’d only undertake a placing for an acquisition . We’ve acquired two copper / gold projects in Zambia without such a placing hence the revenue stream from the alluvial processing at Manica must prove the surplus of income over expenditure is valid … Even if the Market Makers who post on the other chat site would have you believe otherwise but then If I had a short position open on Xtract Resources and had my own chat site I too would be selective who and what was posted on it … hum … good days ahead for Xtract Resources , let’s get these Q1 revenue figures out after I’ve finished topping up . Not forgetting Omnia have their new plant processing hard rock from the terraces already . Not to mention their own processing plant on their own prospect selected for the processing of fair brides , hard rock easy pickings …

Dragonslayer1 06 Mar 2019

Producing cash now surplus of income over expenditure ..... from a company valued at £3 million Just listened to the Proactiveinvestors interview from yesterday and was delighted to hear those words " Producing cash now surplus of income over expenditure " … alas everything spoken about the Manica prospect is very positive hence worth listening to it , Manica starts 9 mins in . The part where he says those magical words are 11 mins into the interview www.proactiveinvestors.co.uk/companies/stocktube/12461/xtract-resources-boosts-its-interest-in-zambia-with-eureka-project-12461.html

Dragonslayer1 05 Mar 2019

Low cost / potentially high rewards with low risk , 2nd Copper / Gold Project in Zambia thanks to the poster " 443366 " on L.S.E. … who first brought today’s voxmarket podcast to my attention . Worth listening to from 7 mins to 17 mins where Mr.Colin Bird covers both alluvial and hard rock mining at Manica . Mentions the formly owned now Xtract Resources owned Moz Gold plant including ball mill , circuits , etc … and how it’ll be ideally situated for sub contractor use if elected to go that route . The two copper / gold exploration options are highlighted for copper production in Zambia … but from what I read gold is present too . Hence a low risk high reward in two areas of Zambia that can only be taken as a bonus to Manica at this stage since Sino are cracking on processing the alluvials … here’s the link … XTR … slot 7 mins in to 17 mins Vox Markets Shield Therapeutics, Xtract Resources and Alan Green - Vox Markets On today's podcast: Shield Therapeutics explains the significance of the lastest positive results received on its lead product, Feraccru®. Xtract Resources talks about the option agreement they've entered into for the copper-gold Eureka project in...

Dragonslayer1 05 Mar 2019

Low cost / potentially high rewards with low risk , 2nd Copper / Gold Project in Zambia For a small sum of up to US$200,000 for a resource drilling programme Xtract Resources will been given an Option to acquire 50% of the Eureka Project for the amount expended by it on the Initial Expenditure Phase. … well that’s certainly is low risk / high reward investing by Mr. Colin Bird . A small pit at Eureka West operated by artisanal miners with composite grab sample taken by the Company from boulder piles at the site returned 9.81% Cu, 1.94g/t Au, 13.77g/t Ag. Worth reading the whole RNS since it’s very favourable to Xtract Resources to expand it’s operations in Zambia with very low risk / high reward status .

Dragonslayer1 23 Feb 2019

Observation I’m expecting another RNS early next week just on following the L.S.E … bulletin Board . As I’ve seen many times before the bashing posts dry up a couple days before an RNS arrives , most recently the news regarding the Directors / employees Warrant shares . Since the equity placing of 59,649,140 new Ordinary Shares of 0.02p each (“Ordinary Shares”) at 2.85p (“Placing Price”) announced on the 14th November 2017 RNS Number : 3827W . The L.S.E. bulletin Board has been subject to constant negative posts but recently the share price has bounced off what I assume was the floor with the fundamental value of Xtract Resources being worth many multiples of what the Market Makers deemed it worth unless they were shorting . On further examination of L.S.E … you learn it’s a trading name of Jarvis Investment Management Ltd … who may / may not have taken part in the 14th November 2017 placing . I’ve made it quite plain for a long time but with Fridays trend following the recent reverse in trend pattern I don’t think I’m far off the mark . For those that don’t remember prior to the 14th November 2017 the 5 day volume weighted average price was 3.12p . After the 20% dilution from the placing shares without shorting involved the share price should have been 2.5p /share . With all the progress made in the last 15 months when the remainder of the placing shares are absorbed the share price / market cap will be way above 2.5p /share hence those sale trades end of Friday were a promising sign to me . There may be more to come but the rising trend suggests I’ve lost 2 trading tranches but not the 1.5 million shares sold by one investor who posts on L.S.E. at around the 0.7p /share mark … hum … honest posting … hey … post history , sales volume on days mentioned certainly paint a truer picture than some realise .

Dragonslayer1 19 Feb 2019

Directors employees options must be favourable to them or they wouldn't buy them being at higher share price than currant Market Cap deemed by MM's For those that have been invested with Xtract Resources as long as I have you know when Warrant shares are issued they’re not exercised immediately they can be held for up to 5 years in the case of today’s . Being a small quantity compared to the Cenkos Warrants from 24 August 2012 which were transferred to TIR to be exercised on 20th May 2015 they were kept in the dark from most traders who chase the next best thing , I on the other hand noted that one day Cenkos Warrant shares issued at 0.0435p .share would be exercised through TIR and they were when the share price was approx 0.42p /share . A good 800% profit for TIR if they could off load them at that price but the market buckled under the quantity of TIR warrant shares with no revenue coming from Chepica to back up the deluge of TIR warrant share sales forced the share price down and down . I sold out when the TIR warrant shares hit the market as some would recall from the L.S.E . chat site often frequented by what appears to me to be Market Makers . It was Mr.Colin Bird a director of TIR that saved Xtract Energy from bankruptcy using a cash injection of £330,000 from the finance company TIR and fellow directors from TIR also chipping in . He knew what he was doing with those warrant shares and even though today’s warrant shares are a fraction of what Cenkos were I’m sure they’ll made good profits in the not to distant future for those lucky enough to be eligible for them . Pointless issuing warrant shares when the news is already in circulation hence I feel today’s RNS opens the door for substantial news for the good of Xtract Resources , it’s BOD and most of all share holders . That news according to the 29th January 2019 , RNS could be related to fair brides I say that because of this line held within that RNS : DFS revised to accommodate less complex ore with the technical and financial study to be released shortly .

Dragonslayer1 19 Feb 2019

Directors employees options must be favourable to them or they wouldn't buy them being at higher share price than currant Market Cap deemed by MM's A sign of confidence with today’s RNS with Mr.Colin Bird not only being eligible to buy a further in " total 10 million shares " when share price reach 3 stages 1p /share , 1.25p /share and finally 2p /share . He’s also got his back pay sorted £131,500 worth of shares at 2.85p /share equalling 4,614,035 new Shares . Not only Mr.Colin Bird is being offered the ability to buy option shares but Joel Silberstein & Eduard Victor are too staggered at different share prices which in turn is gearing the share price to spike if ever I seen a catalyst for one . Not forgetting employees come into this offer too … So what do they know we don’t to even entertain issuing an RNS like this … ?

Dragonslayer1 18 Feb 2019

Even with all the good news ( MM's ) still squeeze the share price ( MC ) Gone really quiet over on the ( MM’s ) favourite chat site , usual tactics prior to news . Aye , the appearance of trades constantly dropping SP on ultra low volume mostly buy trades at that . Then the spike which allowed me to cash me last trading tranche . That being at 1.013p /share on last spike even though the ( MM’s ) gave the impression 1.27p /share was a buy signal … Then buy it back which I did at 0.89p /share after the SP dropped on ultra low volume . All sounds fantastic until I reveal I need a further 2 trading tranches to get my holding quantity back to where it was before recent spikes . These higher lows / higher high trading patterns aren’t helpful for shares held even though the profits made are being banked . The news due could come in many forms as was outlined in the 29th Jan 2019 RNS : 42790 … the most welcome being : DFS revised to accommodate less complex ore with the technical and financial study to be released shortly . Yep those who know the Xtract Resources story know the DFS relates to the fair brides open pit gold mine . With less complex ore being targeted it wouldn’t surprise me to learn Omnia or another local hard rock gold miner has signed an agreement to develop the fair brides mine . Now that would warrant a spike one which the MM’s might have reason to short Xtract Resources as low as possible in the mean time . Silence coming from their favourite chat site suggests I might not get my other two trading tranches back but there is but hope .

Dragonslayer1 15 Feb 2019

Even with all the good news ( MM's ) still squeeze the share price ( MC ) Cygnus_7 I’ve seen the Market Makers manipulate this share so much over the years I bought back 150k shares as a trading tranche at 0.89p /share . Seemed pretty good idea but since I never get the bottom on these rise & repeat trades I was happy to see the 600k sell go through afterwards . Yep , follows a pattern and as I’ve said before I always get the felling the ( MMs ) drip the shares in from the last placing over a year ago to close short positions opened on any spike . Looks like someone had a stop lose triggered earlier too … MM’s at their best searching for shares where the novice think they’re safe .

Cygnus_7 15 Feb 2019

Even with all the good news ( MM's ) still squeeze the share price ( MC ) Yes, it does seem difficult to get this company into the air SP wise! That can only last for so long. Looking forward to better days. Cygnus

Dragonslayer1 15 Feb 2019

Even with all the good news ( MM's ) still squeeze the share price ( MC ) With Xtract Resources being debt free with a revenue stream from Alluvial processing that by all accounts is about to dramatically increase profitability wise with the addition of a further processing plant plus commitment to 24 / 7 working . You could ask yourself what has Mr. Colin Bird got to do to make the company fundamentally sound . Well he’s done everything right as far I can see by paying off all debts , sub contracting to a proven alluvial processing outfit that even paid to increase their throughput contract . Then there’s the Omnia terraces hard rock contract that should by now be processing hard rock in their new plant . Aye … it’s all good coming from the BOD … so what are the Market Makers up to , are they going to do another super spike to close their shorts . Or are they just trying to gather as many shares at as low a price as possible before walking the SP up to where the fundamental value of Xtract Resources lies … and that’s way , way above £3 million in my mind without even counting cash in bank , dorey bars at the Manica site , Manica license 100% wholly owned by Xtract Resources , etc … the list goes on .

Dragonslayer1 13 Feb 2019

50% of a low risk , low cost copper / gold , small scale mining license agreement in Zambia well done to the poster freedom97 from the ADVFN bulletin board for bringing this snippet to my attention . www.proactiveinvestors.co.uk/companies/news/214374/reinforced-by-continuing-cashflow-from-the-manica-gold-project-xtract-is-now-branching-out-into-new-metals-and-new-jurisdictions-214374.html

philboy1 12 Feb 2019

50% of a low risk , low cost copper / gold , small scale mining license agreement in Zambia R.N.S. Out 11/2/19: by Regulatory News | 11th February 2019 10:50 RNS Number : 6355P Xtract Resources plc 11 February 2019 For immediate release 11 February 2019 Xtract Resources Plc (“Xtract” or the “Company”) Zambia Copper Exploration Agreement The Board of Xtract Resources Plc (“Xtract” or the “Company”) is pleased to announce that the Company has today concluded a Memorandum of Agreement ( “Agreement”) with a consortium (“Consortium”) to jointly undertake exploration works on the copper / gold small scale mining license number 8370-HQ-SML (“Licence”) located at Kajevu, Kasempa, North Western Province In The Republic of Zambia (“Matrix Project”). Highlights of the Agreement · Agreement to jointly undertake exploration work on the copper / gold Licence in Zambia · Matrix Project’s breccia vein system extends for at least 3km, with initial target section of 800m within the Licence · Recent small scale open pit recovered high grade hand-picked copper as well as alluvial gold nuggets · Selective grab samples taken from the pit outcrop indicate values ranging between 3.99-7.28% Cu and 1.0-3.42g/t Au · Bulk sample material stockpiled at surface · Objective to identify a copper / gold resource within a period of 24 months · Xtract to acquire a 50 per cent. share in the project · Parties agree to jointly fund an exploration works programme up to US$1 million in aggregate Matrix Project Summary There is a small open pit trial mine approximately 150 metres long and 15 metres deep that was previously developed over a copper-gold mineralised, hydrothermally altered quartz vein zone striking slightly north of west and dipping steeply towards the north. At the western end of the pit a breccia zone of iron-rich quartz is exposed within siltstone host rock over a minimum width of 3 metres, with strong visible copper mineralisation in the form of malachite and chalcocite throughout the matrix and on fractures. Selective composite grab samples taken by the Company from the exposed mineralisation at the western end of the main pit were assayed by the Geochemical Analytical Laboratory at the University of Lusaka School of Mines. These returned values ranging 3.99-7.28% Cu, 1.0-3.42g/t Au. The pit operators did not have the necessary equipment to process the ore but they reported recovery and sale of high grade copper from hand-picked material, as well as recovery of alluvial gold nuggets. Bulk sample material from the open pit was stockpiled at surface for possible future processing. The vein system can be traced continuously within the Licence for at least 800 metres from the eastern end of the open pit to the western margin of the Licence. The system continues to be strongly altered and brecciated, with iron-rich matrix as seen at the mineralised pit exposure, however there is no visible copper mineralisation at surface outside the pit, probably due to near-surface leaching. To the east the vein partly tracks outside the license. Here it is generally less altered and brecciated, but strong copper mineralisation is exposed in a trial digging within the southeast corner of the license, more than 2 kilometres from the open pit. A selective grab sample taken from mineralised material at this locality returned assay values of 4.49% Cu, 2.94g/t Au. The target can be classified as iron oxide copper gold (IOCG) type. Several mineral deposits of this type have recently been recognised in Zambia, genetically and spatially related to the major sediment-hosted deposits of the nearby Copperbelt. They are generally underexplored compared to the Copperbelt deposits. The Matrix Project has not previously been systematically explored and no historic drilling is known which might have tested its’ extension to depth. Memorandum of Agreement Background The Memorandum of Agreement has been entered today by the Company and the Consortium (the “Parties”). The Company has to date been involved in gold and copper exploration and mining, while the consortium has to date invested in assets within Africa. The objective of the Agreement is to collectively undertake exploration works on the Licence area and the intent of this agreement is to identify a copper/gold resource which the Parties are targeting to achieve within a period of 24 months. Key terms of the Agreement The parties have agreed to incorporate a special purpose company (“Newco”) to acquire the shares of Starshine Mineral Exploration Limited (“Starshine”), incorporated in the Republic of Zambia. This Agreement shall come into force and effect upon signature and shall endure for a term of 24 months. Xtract will hold a 50% share in Newco with one of the two directors of Newco being a representative of Xtract. Within 14 days of incorporation, Newco will be issued with 90% shares of Starshine, with the remaining 10% of the Starshine to held by a local shareholder (with no voting rights). Xtract will appoint one of the two directors of the board of Sunshine. The Licence is currently being transferred to Starshine. Under the current licence agreement, only in the event that Starshine builds a mine and commences production and reaches a target of 15,000 tonnes of copper per annum for 15 years, an aggregate amount of US$4,900,000 in deferred consideration will become payable in 49 instalments of US$100,000 to the former Licence holder. Exploration programme To date, the Consortium has undertaken preliminary studies at the Matrix Project and the Parties have agreed that the preliminary prospecting work shall be undertaken on the License within 6 months from the date of the Agreement. Upon completion of preliminary prospecting works and in the event that the prospect is not worthy of development, none of the Parties will be obliged to contribute any further funding. Upon completion of the preliminary prospecting works and agreement from both Parties to proceed, the Parties have agreed that further detailed exploration work shall be undertaken on the Licence area for a period of no more than 18 months from the date of the Agreement. Budget The Parties have agreed that the total budget for exploration works shall not exceed US$1,000,000, apportioned as follows: · US$200,000 in relation to preliminary prospecting works; and · US$800,000 in relation to detailed exploration works. Early termination during the Exploration Works Period · Neither party shall be compelled to remain as a shareholder in the event of a party requiring to exit as shareholder; · The exiting party shall have no claims against the Company or its shareholders; · The exiting party will ensure that it acts in good faith to ensure that the remaining party has all the benefits and obligations of the license. Xtract Resources Plc Colin Bird, Executive Chairman +44 (0)20 3416 6471