Dragonslayer1
11 Feb 2019
50% of a low risk , low cost copper / gold , small scale mining license agreement in Zambia A nice little bonus with very little cost to Xtract Resources which if the 24 month detailed exploration work proves positive will be very very profitable for us . With profits from Alluvials ( Sino ) and hard Rock from the terraces ( Omnia ) allowing Mr.Bird to look for even more ventures this is creating a nice little buffer for any POG weakness in coming years with copper being sought more for electric vehicles , wind turbines , etc …
Dragonslayer1
09 Feb 2019
Alluvial operations about to vastly increase but ( MM's ) shaking out those who haven't researched Market Makers walking share price back up after shaking out the un-researched . Did a dummy buy of 150k shares last thing Friday 0.9975p /share to sell 0.94p /share tempting a few sells but where is the profit for the sellers since the cheapest you could buy was 0.84p /share on this last wave . baffles me but then I’ve had this feeling shares from the last placing of over a year ago were held back to close short positions . Seen it before many times and with the higher lows and higher highs I expect to be able to sell my last trading tranche of 100k share @ 0.894p /share , way over 1.30p /share and that’s prior to news from the 2 alluvial processing plants worked 24 x 7 by Sino . Then there’s the news regarding hard rock processing by Omnia which if all is running smoothly should be operational using ore from the terraces by now but the last RNS indicated fair brides was being considered by partners and investors for development . More plant was being introduced to Manica too is this by Sino only or by Omnia . Alas Moz Gold removed a lot of overburden before reneging on their contract forfeiting their alluvial processing plant in doing so . Leaving me to consider Omnia might even move their brand new 40kt per month free gold processing plant into the Manica prospect if terms were suitable for both parties . Could just be the start of hard rock processing but like the alluvials that started small too . Now it’s a 24 x 7 operation with commitments to meet by two processing plants or penalties to face . Xtract Resources really has come a long way under Mr.Colin Bird being debt free , cash in the bank , dorey bars on site and a revenue stream covering OPEX already …
philboy1
07 Feb 2019
RNS 29.01.19 - Company & Manica Alluvial Gold Update Looks like it’s going to be a while now, the S.P. is on the up. I expect it to drop b4 the next R.N.S. then i’m sure it will be in the 3-5p range regards,
philboy1
06 Feb 2019
RNS 29.01.19 - Company & Manica Alluvial Gold Update Yes a sure firer investment indeed, if ever I saw one! i’m hoping to buy some more, say 200,000 when the price drops a bit more. The spread is terrible! Has been more than 22%. I’d love to buy around the .8 mark. Will I get a chance? Watch this space. regards, philboy1
Dragonslayer1
05 Feb 2019
RNS 29.01.19 - Company & Manica Alluvial Gold Update philboy1 with the new Huafei Gold Resources Co Limitada ( formerly Sino Minerals Investment Company Limited ) Manica Gold Alluvial Mining Contractor Agreement , kicking in February 1st 2019 , utilising 2 fully operational plants with a minimum throughput of 200 tonnes per hour on a consistent 24 hours per day basis . I’d say whatever revenue we have been receiving from Sino will dramatically increase . In my opinion it was also the reason Q4 2018 revenue figures were lower than anticipated with the installation of the 2 nd processing plant , stock pile build up of ore to meet forthcoming throughput commitments , etc … Then there’s the hard rock processing by Omnia to include which is due to commence Q1 2019 . Which is being processed through their new processing plant commissioned in November 2018 … On top of that the most recent RNS indicated fair brides is being tailored to suit less complex ore processing design indicating to me a start up at fair brides open pit gold mine is imminent … creating even more revenue , profits all in Q1 2019 . Hence I’m happy with last years ever increasing revenue stream but from now on that revenue stream is due to ramp up considerably . As for buying more than 100k shares with my Halifax account well I keep getting referred to Negotiated trade but I got a trading tranche of that quantity yesterday hence happy to take a step back from trading until it’s worth considerably more than what the Market Makers deem a profit making gold miner is worth in their eyes of only £3m … even though it’s debt free , profit making with money in the bank and dorey bars on site at Manica .
philboy1
05 Feb 2019
RNS 29.01.19 - Company & Manica Alluvial Gold Update Explorator attributable revenue from gold sales US$310,000 Xtract share of Explorator attributable revenue from gold sales (Note 1) US$155,00 Explorator total direct alluvial operational production costs (Note 2) US$146,299 Xtract share of Explorator alluvial direct alluvial operational production costs (Note 2) US$73,149 Xtract share of Explorator alluvial direct alluvial operational production costs (Note 2) US$73,149 Xtract share of Explorator alluvial direct alluvial production costs (Note 3) US$127,148 According to these figures, are they saying (the Company) that our receipts are $155,000 and our expenses are $127,148 for all operational costs, leaving $27,852/quarter (variable) And Explorator’s receipts $310,000 and expenses $146,299 leaving $163,701/qtr. (variable) Therefore can we say that we are receiving approx. $200,000 a Qtr. regards, philboy1
Dragonslayer1
04 Feb 2019
Alluvial operations about to vastly increase but ( MM's ) shaking out those who haven't researched with increased poster negativity being seen on a " not secure " bulletin board where a poster can have many user names . It’s making me think another trading tranche would be worth getting before more news arrives . With Sino , now named Huafei Gold Resources Co , up and running 2 fully operational plants as opposed to one from 1st February it struck me as odd that Mr.Colin Bird didn’t say manpower was used to prep ground and install alluvial processing plant No. 2 . instead highlighting lesser grade alluvial had been processed . Not to bothered since location of the alluvial processing plants would have been situated middle of all known high grade alluvial sites . Aye, it’s a funny old world when the obvious is taken whichever way the reader of an RNS wants to take it and that’s why I buy in tranches . We’re aware the Omnia , 40kt per month free gold processing plant was completed from reading the 29th August 2018 , RNS Number : 0535Z . That commissioning was planned for November 2018 and start of hard rock processing other than fair brides open pit gold mine is due to commence Q1 2019 . Hence a further revenue stream to add to our Alluvial profits . The fair brides open pit gold mine was mentioned in the last RNS … DFS revised to accommodate less complex ore with the technical and financial study to be released shortly . Indicating a less complex hard rock plant will be used on start up of the development of fair brides . As previously indicated the further down material holds high grades hence my thoughts are with our very own processing plant acquired from Moz Gold when they defaulted on their loan agreement with XTR . Who would operate it … ? … Omnia maybe or maybe some other outfit but one things for sure that line was included in the last RNS for a reason .
Dragonslayer1
29 Jan 2019
Alluvial operations about to vastly increase but ( MM's ) shaking out those who haven't researched Managed to get a trading tranche back , 150k shares bought at 0.9925p /share which considering I only sold that tranche days ago at 1.20p /share made me very happy . We’ve recently had an alluvials RNS update considerably increasing throughput starting February 1st which in turn increases revenue / profit for Xtract Resources . We also learn today : DFS revised to accommodate less complex ore with the technical and financial study to be released shortly … meaning news regarding fair brides could come at any time . With Xtract Resources being debt free , owner of the Manica prospect , has hard rock agreement with Omnia that should be processing with their new plant by now I can only wonder why the Market Cap of the company is so low but then the alluvial income from Huafei Gold Resources Co at the Manica prospect will undoubtedly change that in the near term .
Average_Dave
29 Jan 2019
RNS 29.01.19 - Company & Manica Alluvial Gold Update Highlights · Total alluvial mining contractor gold production of 41.29Kg (equivalent to approximately 1,328 ounces) · Total of 10.32Kg (equivalent to approximately 332 ounces) attributable to Explorator (including Nexus under the Collaboration Agreement) · Combined attributable revenue to Explorator from gold sales for the Period amounted to US$310,000 · Xtract continue to review the alluvial operations and introduce more equipment · Plans being made to concurrently work the upper terraces · Test work carried out over the border in Zimbabwe to extend alluvial income · DFS revised to accommodate less complex ore with the technical and financial study to be released shortly Colin Bird, Executive Chairman said: "The quarter under review produced modest results compared to previous quarters and reflects the lower grade areas having been ceded back to the Company together with compensation paid to local farmers . The areas mined during this quarter were marginal but considered appropriate for processing, despite lower grades. We expect to see improving production against an improving gold price. We recognise the inconsistency of alluvials, but over the last year have gained considerable insights into the intricacies of alluvial miming and this has moved up into test work programme in neighbouring countries. We now have a very clear vision how to effectively mine the hard rock occurrences which are less metallurgically challenging. The Company is talking to potential partners and investors to develop the Manica project and the board intend to release revised scoping numbers in the near future ". Full [link] END - - - A_D
toytaker
25 Jan 2019
Alluvial processing by Huafei to provide massive boost for XTR revenue stream DS Hope you’re right. Only good advice I think I can give people is, if I buy you sell and vice versa. I have learnt a lot on AIM but none of it has taught me how to make money which was the original idea. This is not for me and I will be out of AIM as soon as is practical. GLTA
Dragonslayer1
25 Jan 2019
Alluvial processing by Huafei to provide massive boost for XTR revenue stream hi toymaker I’ve sold my three trading tranches into recent rises but owing to Market Makers walking the share price up unable to buy them back below where I sold any of them at . Just got quoted 1.27p /share to buy 100k shares which isn’t many but then Negotiated Trading ( N/T ) kicks in on any higher volumes . I haven’t played with any other AIM share in recent years apart from ANGS … which I only dabbled in to pass the downtrend of XTR share price . Obvious to me that downtrend was the work of the ( MM’s ) just as this rise is before anticipated news regarding Q4 2018 , Sino alluvial results which will probably exceed expectation owing to the commissioning of a second alluvial processing plant at Manica by them . With the new 50% / 50% profits split this news may give us that meteoric rise you referred to in your post . Happened before with XTR …
toytaker
25 Jan 2019
Alluvial processing by Huafei to provide massive boost for XTR revenue stream Currently 16K down in FRR but only 4K left if it is really worth that! Only down about 45% here now after this meteoric rise. Lets hope it keeps going and we can all get back into positive territory.
Ripley94
24 Jan 2019
Alluvial processing by Huafei to provide massive boost for XTR revenue stream Thank you for that post Dragon . Job for me to keep up have far to many aim shares. I am well down here and can not bring myself to sell a loss … Crazy i must be . Only time i make an exception on Flybe two days back made sense 4 times offer. In hindsight mistake ( for now ) there is no sense to it. Good luck with the trading i can not at this low price .
Cygnus_7
24 Jan 2019
Alluvial processing by Huafei to provide massive boost for XTR revenue stream If only I had the cash to do likewise! Currently I have a lot of funds tied up in Frontera which is in an ‘all or nothing’ situation at the moment. C7
Dragonslayer1
24 Jan 2019
Alluvial processing by Huafei to provide massive boost for XTR revenue stream I assumed the Market Makers shorted Xtract Resources from the last placing of over a year ago above 2.85p /share . Then used new shares from the placing to close the shorts with the help of traders trading a downward share price ( included me ) to get the best returns from what would have been a dull period . Xtract Resources owns the Manica prospect outright has sub-contractors taking all the risk . Has no debt whatsoever so how could the Market Makers make money unless they shorted the death out of Xtract , exactly like they did to SOLG a while back . Personally I see a speedy return to 2.85p /share but will trade this on way up as well as hold a substantial amount of shares for the long haul .
