Xtract Resources Live Discussion

Dragonslayer1 07 Nov 2019

With news due , MM's shaking out traders as per usual Yep , most of us have seen this happen so many times before . A drop in SP , roll over passes through at bottom of trend then news arrives just days later . Just hope it isn’t Mr,Colin Bird buying another 1 million shares before the alluvial results are revealed but we do know the first month of three of Sino 2 , Q3 2019 results are great hence who would blame him . Knowing we’re going further into the chicken farm area too also backs up results for the two unknown months of Q3 2019 . Worth remembering to keep a long term hold position as well as trading tranches since it takes all the guess work out of timing when the big news arrives .

theprior 02 Nov 2019

Sub contractor " Sino 2 " alluvial profits for XTR due on November 1st Thanks for the summary DS. Always welcome. Looking forward to Monday, we must be due some good news after England’s result today ️ TP

Dragonslayer1 02 Nov 2019

Sub contractor " Sino 2 " alluvial profits for XTR due on November 1st With Q1 2019 sub contractor , Sino 2 alluvial results announced via RNS - May 1st 2019 . Then Q2 2019 sub contrator , Sino 2 alluvial results announced via RNS - August 1st 2019 . I was expecting Q3 2019 sub contractor , Sino 2 alluvial results to be announced November 1st 2019 along with many others . Ironic how we already know the 1st months production of Q3 from the Q2 2019 RNS - August 1st 2019 in which it’s stated , " total alluvial mining production for the month of July alone is expected to be around 14.50Kg , which is the second best month in terms of production for 2019 and at current gold prices the best month in terms of revenue accrued to Explorator for 2019 " . This was also the first month of processing alluvials from the chicken farm area where there was less overburden and higher grade gold to be found . Hence even though unhappy with losing the pattern of results delivery date not to worried along with it being favourable weather throughout Q3 2019 . So why the delay ? … we didn’t find out the amended terms with Nexus of alluvial profit spilt from 60% - 40% to 50% - 50% for many months after this agreement was reached . What we are aware of is that another alluvial contractor wants to work the alluvials at Manica hence an entry fee has to be paid for them to do so . That may be part of the hold up since that may already have agreed and they may already be on site processing alluvials . Nonetheless the Q£ 2019 , alluvial results are due . Then there’s the hard rock at Guy Fawkes that Omnia have to process in their hard rock plant which would be easy to do since cherry picking of rich pickings was agreed with Mr.Colin Bird to bolster Omnias bank balance along with a 50% - 50% profit split with no Nexus involvement bolster Xtract Resources bank balance too . These are the two obvious causes of Q3 2019 alluvial profit results delay to me . On the other hand good news is due hence delivered on a Friday may have less of an impact on Market Cap than an earlier day in the week … brrrrr … with so much good news due in coming weeks , months that’s not really a solid reason to alter what has been a consistent delivery of alluvial profits results to share holders but everything looks good just need patience in mean time .

Dragonslayer1 31 Oct 2019

Sub contractor " Sino 2 " alluvial profits for XTR due on November 1st After that dodgy start by my Halifax account to get a quote I see two trades appeared same time as each other as shadow sell trades . Aye , the Market Makers ( MM’s ) have many tools in their box to unsettle investors . Just wondering if Mr.Colin Bird has another BUY order to fill like he’s done twice before when XTR Market Cap drops just below where we are now . Should get our alluvial sub contractor Sino 2 ,Q3 alluvial results tomorrow with sale of gold being done in Dubai in recent quarters meaning RNS issued one month after end of quarter . Hope news regarding hard rock processing from Guy Fawkes area is included with Omnia itching to get their hard rock processing plant generating revenue it wouldn’t surprise me . A nice 50% / 50% profits split would surely re-rate XTR with any figures quoted since we know cherry picking of Guy Fawkes was passed by Mr.Colin Bird as OK to do . Many long term investors have seen the huge gap ups in share price but take a look only six months back you could buy shares around the 0.7p /share mark and slightly before that 0.5p /share . So we’re trending upwards on fundamentals and an ever increasing revenue stream . Just glad I kept my long term hold shares since it’s those who sold out completely that’ll be driving the share price up when news arrives . An AIM listed company expanding in the copper / gold market debt free , money in the bank and … maybe first hard rock revenue income . Regardless of the last part hard rock income will be coming our way very soon hence enjoy the ride or should I say uptrend .

Dragonslayer1 28 Oct 2019

Q3 Sino 2 results due , Omnia processing Guy Fawks hard rock update , fair brides hard rock progress report I’m pretty sure Sino 2 alluvial results will be announced on Friday owing to gold sales now being done in Dubai at a higher price . We’ve a 50 / 50% profit split with Nexus up from 40 / 60% this time last year . Along with alluvials being processed from the chicken farm area where there’s less overburden and higher grade gold to be found I’m sure Sino 2 profits will be a catalyst for a tidy Market Cap rise . We’re also aware Omnia are cherry picking Guy Fawks hard rock area to process in their nearby hard rock processing plant . That should make pleasing reading since we have a straight 50 / 50% profits split with them with Nexus out of the picture with all hard rock processing on the Manica prospect should make very , very interesting reading . As for fair brides an update regarding on site plant progress will give us an insight into whether all ordered items have arrived on site yet . Alas fair brides has a D.F.S. based upon gold being US$1,250 oz which I’m sure now the P.O.G. is around US$1,500 /oz will be an extra incentive to get the processing started . We’ve also got the recently announced Kalengwa processing project to consider since KPZ have a special purpose vehicle ( SPV ) to carry out the processing of copper concentrates . Which in turn leads to another revenue stream for Xtract Resources . All good news with the knowledge XTR have cash in the bank , 100% wholly own the Manica Prospect and since Mr.Colin Bird has taken charge worked on the theory of being a low risk / high reward company rather than like many AIM listed companies of just being exploration with no revenue stream .

Dragonslayer1 21 Oct 2019

Today's RNS .. the Company has today informed KPZ International Ltd ("KPZ") that it intends to exercise its option to act as contractor for the Kalengwa Processing project To appreciate today’s RNS it’s worth reading the " Kalengwa Processing Copper Project Agreement " RNS Number : 5640F . Dated 15th July 2019 www.ii.co.uk/news/kalengwa-processing-copper-project-agreement-rnsLSE20190715124604_14149660 Which after 90 days of due diligence proved to Mr.Colin Bird it was worth Xtract taking on the role as contractor for the Kalengwa Processing project on the copper large scale mining license number 24401-HQ-LEL (“Licence”) Key terms of the Agreement KPZ has agreed to incorporate a local Zambian special purpose vehicle (the “SPV”) to carry out the processing of copper concentrates from ores obtained from the Kalengwa Mine. The Company will act as a contractor and funder to the SPV (“Contractor”), and will be responsible for either identifying a third party, or use its own resources, to build a small scale processing copper concentrate plant (“Initial processing Plant”), and then subsequently an enlarged plant capable of producing not less than 6,000 tonnes of copper metal in concentrate per annum (“Large Scale processing Plant”) On commencement of production, the Company as the Contractor, will be entitled to a monthly payment equal to 33.3% of SPV’s net profits (“Xtract Profit Share”). Xtract has estimated that its capital costs to act as Contractor are up to USD 1 million, which Xtract intends to fund from its 33.3% share of SPV’s net profit from processing and existing resources. Cost to Xtract Resources to become the Contractor, Xtract will pay KPZ USD200,000 to be settled through the issuance of new Xtract ordinary shares (“New Xtract Shares”). The share price used to determine the number of New Xtract Shares shall be the volume weighted average share price for the month ended 30 June 2019. From the date of issue until the date six months thereafter, KPZ may not dispose of any New Xtract Shares. My Summary of today’s agreement With Tailings sampling at Kalengwa Copper Project Zambia yielding an average grade of 1.03% Cu, 4.44ppm Ag . Found in the " Tailing Sampling at Kalengwa " RNS Number : 6637J . Dated 20th August 2019 . www.ii.co.uk/news/tailings-sampling-at-kalengwa-rnsLSE20190820124228_14195961 I feel KPZ who have agreed to incorporate a local Zambian special purpose vehicle (the “SPV”) to carry out the processing of copper concentrates from ores obtained from the Kalengwa Mine. Will use this SPV to process Tailings already identified in the Tailing sample results outlined in above RNS . Whilst Xtract build a small scale processing copper concentrate plant (“Initial processing Plant”), and then subsequently an enlarged plant capable of producing not less than 6,000 tonnes of copper metal in concentrate per annum (“Large Scale processing Plant”). With Xtract funding it’s capital costs to act as Contractor of up to USD 1 million, from its 33.3% share of SPV’s net profit from processing and existing resources. With the 90 day due diligence minimising any risk along with a new revenue stream on signing the agreement to act as contractor . I feel Xtract Resources has not only de-risked itself by having two projects in two countries but has built on solid foundations with no debt , owner of the Manica prospect license , sub contractor Sino 2 alluvial income due within days . More alluvial mining sub contractors due to sign up at Manica , the list of positives goes on and on

Dragonslayer1 21 Oct 2019

Today's RNS .. the Company has today informed KPZ International Ltd ("KPZ") that it intends to exercise its option to act as contractor for the Kalengwa Processing project Yes , fantastic news , after 90 day’s due diligence XTR has opted to act as contractor for the Kalengwa Processing project on the copper large scale mining license number 24401-HQ-LEL located in the central part of the Republic of Zambia . www.ii.co.uk/news/kalengwa-update-rnsLSE20191021152115_14274190

Dragonslayer1 16 Oct 2019

Mr.Colin Bird proving his point with regards to Market Cap by buying another 1 million XTR shares Appears Mr.Colin Bird added 1 million XTR shares previously on 2nd August 2019 . A day after the Manica Alluvial Gold Update was announced via RNS . This time he’s done it on 14th October 2019 two weeks prior to the release of the Q3 , Sino 2 alluvial gold update . Well that sounds like he doesn’t want to take any chances by buying after alluvial gold profits are revealed to market after sale of gold in Dubai this time . We do already know Sino 2 entered the chicken farm area of the Manica prospect during the 1st month of Q3 2019 where there are higher grades and less overburden . Since it’s stated in the 1st August 2019 RNS Number : 5993H : " However, total alluvial mining production for the month of July alone is expected to be around 14.50Kg, which is the second best month in terms of production for 2019 and at current gold prices the best month in terms of revenue accrued to Explorator for 2019. Conditions therefore appear to be improving and we look forward to a stronger 3rd quarter . " Alas , after two cyclones flooded low lying land in Mozambique and caused disruption to infrastructure the second half of 2019 has always looked much rosier than first half . We await news with regards to the outcome of the 90 day due diligence at the Kalengwa processing copper project . News with regards to more alluvial sub contractors being taken on at Manica and much much more . All with the knowledge Xtract Resources is debt free , cash in the bank with an ever increasing revenue stream from Sino 2 along with hard rock progress that will substantially increase the market Cap of XTR in the near term . All in my own opinion of course but easily proved with a little research .

Dragonslayer1 14 Oct 2019

Mr.Colin Bird proving his point with regards to Market Cap by buying another 1 million XTR shares Xtract Resources , chairman Mr.Colin Bird has said before he believes the Market Makers have undervalued Xtract Resources hence I’m not surprised he picked up another million shares at a rediculously low share price . Since Market Cap and share price are relative to shares in issue why not take advantage of it before the Market Makers do what they’ve done so many times before with XTR … yep , they tend to gap it up quite nicely . With news due on many fronts in Q4 2019 it should be an interesting , profitable time with POG being around the US$1,500 /oz mark throughout Q3 2019 . Revenue results from alluvial sales in Dubai should be a nice tonic to add with the Kalengwa decision … hum … Mr,Colin Bird seems to think so …

theprior 08 Oct 2019

90 day due diligence for the Kalengwa Processing Project coming to an end Dilution is only dilutive when it doesn’t add value, typically when it’s done for “working capital”, etc. In this case the added value looks clear so if it does go ahead the company will be worth a great deal more, ergo no dilution! TP

Dragonslayer1 08 Oct 2019

90 day due diligence for the Kalengwa Processing Project coming to an end We’ll soon learn weather Mr. Colin Bird has accepted all the terms agreed on the 15th July 2019 . With the average share price to be issued set at approx 0.83p /share being the volume weighted average share price for the month ending 30th June 2019 . We can expect some dilution if the deal goes through for the USD200,000 settlement fee but for another ever increasing revenue stream a dilution worth having in my mind . Since Xtract Resources since this announcement has done a placing at 1.20p /share for £1,000,000 (before expenses) on 25th July 2019 . It’s not as if the market didn’t like what was going on at Xtract . Being cash positive with cash in the bank and an ever increasing revenue stream from our sub contractor Sino 2 and alluvial sales in Dubai . It suggests to me KPZ would prefer XTR shares as payment rather than the money . So would they be forward selling such a small amount of shares or hold until a re-rate made the deal worth far , far more . I’d say they hold them . Recent share price drop may be to close Market Maker shorts , shake out the novices or just Market Makers creating a market . Volume suggests the later hence as we approach Friday I’ll be thinking about topping up much the same as others but knowing volume drives the SP quickly when is the time to buy more . Luckily I’ve 3 trading tranches already around this SP but with news due a few more will be added I’m sure . My long term hold shares certainly look healthy compared to only a few months ago … hum … glad I kept them intact and not traded out like some .

Dragonslayer1 05 Oct 2019

More good news for Mozambique and of course those already invested in the Country With times changing fast for the Mozambique economy I’m just glad Mr.Colin Bird bought the Manica gold Prospect for Xtract Resources when he did . With all the investment going into liquefied natural gas projects it reminds me of Australia pre 1986 before China invested heavily in natural resources such as coal , iron ore prospects , etc , Australia’s economy soon expanded with sealed roads replacing corrugated tracks in many areas and just like Australia Mozambique is rich in gold . www.bloomberg.com/news/articles/2019-10-05/exxon-to-back-multibillion-dollar-mozambique-project-state-says?srnd=premium-europe With Q3 Sino 2 results due probably November 1st owing to higher gold prices achieved in Dubai it wouldn’t surprise me to see some large buy trades before the 90-day due diligence period at the Kalengwa Processing Copper Project is up , approx 13th October . I say this since our USD200,000 owed to KPZ to proceed as contractor through the issuance of new Xtract ordinary shares wouldn’t cause to much dilution in shares with the 30 day average approx 1.05p/share . If next week the share price rallies towards that date even less dilution will be needed remembering that the USD200,000 is in Dollars not Pounds . With an almost instant further revenue stream if the due diligence proves positive for Xtract Resources an almost certain bounce will happened if the Kalengwa Processing Copper Project is accepted followed by another bounce after Q3 Sino 2 , alluvial profits are announced Nov 1st . With favourable weather throughout Q3 2019 along with working in the chicken farm area of the Manica prospect with less over burden , higher grades we may even be on a rally up and beyond Christmas . Just glad to see all the investment going into Mozambique after those cyclones had flooded coastal areas during Q1 2019 . Positive news after positive which going back to my comparison with Australia happen similarly in Queensland with many cyclones landing causing flooding over the years .

Dragonslayer1 29 Sep 2019

Half-Year Report , 27th September 2019 Here’s a reminder of the of the two powerful tropical cyclones that struck Mozambique in quick succession during the first half of 2019 and of course the liquefied natural gas resource the country holds . www.bloomberg.com/news/articles/2019-09-28/mozambique-sees-880-million-tax-windfall-from-occidental-deal When Xtract Resources chairman Mr.Colin Bird decided to buy the Manica Gold Project , 10th Sept 2015 it was a gamble since the company had so much debt left through failed efforts to make a go of the Chepica Gold Mine in Chile under the CO of Mr.Jan Nelson I along with many were glad to see a change . In ousting Mr.Nelson from the company Mr. Colin Bird took the helm with a promise to deliver value for money for XTR share holders after the company had experienced a lot of dilution . Then Mozambique had a debt default after a $2 billion loan scandal erupted in 2016 . Making business ventures more risky in Mozambique but Mr.Colin Bird pulled the company through by sub-contracting alluvial processing companies to generate a revenue stream minimising the need for more dilution . If it wasn’t for the two powerful tropical cyclones hitting the Mozambique coast line with extensive flooding I’m sure Half Year results 2019 would have been much better . Alas the raising of £1,000,000 (before expenses) announced on the 25th July 2019 at 1.20p /share safeguarded the company and allowed exploration of copper mines in Zambia on very favourable terms to XTR . On 15 July 2019 the Company announced that it had concluded a Memorandum of Agreement (“Agreement”) with KPZ International Ltd. (“KPZ”) for Xtract to act as contractor for the Kalengwa Processing project on the large-scale exploration license number 24401-HQ-LEL (“Licence”) located in the Central part of The Republic of Zambia (“Kalengwa Project”). On 20 August 2019 preliminary sampling of mine tailings at the Kalengwa Copper Project Zambia (“Kalengwa” yields an average grade of 1.03% Cu, 4.44ppm Ag . Mr Colin Bird, Executive Chairman said: "This is a very pleasing result confirming copper grades in tailings over a large sample population, similar to results reported in archive information. The 90-day due diligence period for XTR to become a contractor to oversee and commence initial production from the Kalengwa dumps of approximately 1.34 million tonnes with a potential to contain 25,000 tonnes of copper metal is coming to an end around the 13th October 2019 . If Xtract wish to proceed to act as contractor, Xtract will pay USD200,000 to KPZ to be settled through the issuance of new Xtract ordinary shares . Xtract will receive, if it elects to proceed as Contractor, 33.33% of net profits from the operations . The result of the 90 day due diligence whether to proceed is in my mind a catalyst for a strong Market Cap gain for Xtract Resources . The 3rd quarter alluvial production figures by Sino 2 should be known within days even though I doubt we get to know how much profit Xtract Resources gets until November 1st with gold being sold in Dubai but one never knows . In the Half Yearly report other alluvial miners are interested in the Manica terraces where nuggets were found in sampling previously . Profit split for these new alluvial miners might also be a catalyst . Then there’s the hard rock at Guy Fawkes area of the Manica prospect ear marked for the Omnia hard rock processing plant … the list goes on with news to come that could substantially increase Market Cap but will this news arrive before the 90 day due diligence is up at Kalengwa minimising the dilution of the USD200,000 in Xtract Resources shares Mr.Colin Bird would have to pay for accepting the agreement . A lot to consider when it comes to dilution since the £1,000,000 recently raised at 1.20p /share did little harm to the Market Cap since just weeks before it’s announcement you could buy XTR shares at 0.74p /share . Appears confidence was inspired by that placing , first in a long time I must add . The USD200,000 of shares needed to accept the Kalengwa agreement is far less dilution than the placing shares with a near term revenue stream to support such a move . I’m one of many share holders who’s glad to have stuck by Mr.Colin Bird by holding a fair wad of shares in my long term hold position . Having gained many more shares by trading some of my shares rather than holding all as the company transformed it’s starting to feel like a hold for all my XTR shares over the next three months would be the best move .

Dragonslayer1 27 Sep 2019

Half-Year Report , 27th September 2019 Very encouraging half year report especially the alluvial operations in Manica prospect , Mozambique when considering the cyclone damage caused to that area during the period under review . Operations continue to be modest but cash generative and, in every month, operational cash flow exceeded cost. The higher gold price and increased profit share resulted in overall earnings to the Company being higher than the same period of last year and indeed the second half of the prior year. www.ii.co.uk/news/half-year-report-rnsLSE20190927152804_14245410

Dragonslayer1 25 Sep 2019

Sino 2 alluvial Q3 results expected Nov 1st , with Junes mths prod of 14.5kg already known added another trading tranche of 100k shares at 1.1644p /share this morning . From experience when news arrives the ( MM’s ) gap share price up making it hard to buy hence adding today is another step towards having a position worth having when next news arrives . Be nice to get some at 1.10p /share but then market conditions were identical to this last time only to be corrected with Mr.Coli Bird bought a million shares . I was hopeful of getting in around the 1p /share mark back then with finding it hard to sell with Negotiating Trading ( N/T ) on even the lowest amounts of sell trades . Market Makers … hey … must admit my lowest trading tranche on last rinse and repeat cycle was 1.154p /share .