Xtract Resources Live Discussion

Dragonslayer1 22 Sep 2019

Sino 2 alluvial Q3 results expected Nov 1st , with Junes mths prod of 14.5kg already known We’re just over 5 weeks away from finding out what the chicken farm area of the Manica prospect alluvials profits generated for XTR . With June’s production already stated as 14.5kg in the Q2 2019 alluvial gold update RNS Number 5993H , Q3 2019 should be good since previous information indicates chicken farm area has less overburden and higher grades from test drill results . Obviously Q3 2019 ends September 30th but with Mr.Colin Bird selling XTR gold in Dubai for a higher price the extra month before we know results is easily worked out from past sales in Dubai . So how important is the sale of the alluvial gold to generate a revenue stream when Omnia are developing Guy Fawkes area for hard rock processing . I’d say very since the overburden / alluvial’s had to be removed to get at the hard rock in the first place . The quicker the alluvial’s are removed from each of the 12 known hard rock areas the quicker the hard rock can be processed . Development at fair brides ( DFS ) area was announced via RNS Number : 2407L on 5th September 2019 . With the following highlights : · MMP has completed the Hard Rock Project operational budget and plan, with environmental and social risks identified and built into the plan · MMP has exchanged letters of intent with suppliers on certain long lead items including items such as elution heater package, feed thickener, flocculant plant and tower crane · Deposits have been paid to commence remedial work on existing crushing and grinding circuits · Tailings design consultants have conducted a site visit and agreed all parameters for design Emphasising letters of intent agreed and deposits paid thereby ensuring no delays are expected to the contractual planned start date. We also have interests in Zambia to consider with Tailings Sampling at Kalengwa announced via RNS Number : 6637J on 20th August 2019 . With the following highlights emphasising how quickly XTR are progressing in Zambia with the following highlights : · Preliminary sampling by Xtract within the Kalengwa mine tailings dumps yields an average grade of 1.03% Cu, 4.44ppm Ag · Xtract’s sampling supports previously reported tailings grades · Kalengwa Mine operated in the 1970’s and was one of the highest grade copper deposits in Zambia · Further systematic sampling planned to more accurately define the tailings resource, while metallurgical recovery test work is under way All looking very good for Xtract Resources a company with a Market Cap of just over £5 million . A company with no debt , owner of the Manica prospect in Mozambique , cash in the bank , ever increasing revenue streams from alluvial processing , etc … So do I really expect to get trading tranches around the 1.10p /share mark . Hum … maybe I’ll have to rethink that as we get ever closer to news with no sells happening just Market Makers usual shenanigans and of course some roll overs at the top end of the ASK price of 1.20p /share .

Dragonslayer1 16 Sep 2019

Market Maker tree shake , news due ....... hey Quiet day for Xtract Resources with POG rising back above US$1,500 /oz along with an unsurprising drop in share price ( SP ) by Market Makers ( MM’s ) of -2.04% on 182,373 shares bought against 30,229 shares sold . I say unsurprising since the ( SP ) is following similar patterns seen by long term investors many times before . With ( MM’s ) fishing for stop losses before news arrives I’m hopeful of getting a few around the 1.10p /share mark . That could easily be blown away by news or another intervention by Mr.Colin Bird buying more shares at 1.108p /share as he did last time MM’s went fishing on 2nd August 2019 . I’ve plenty of patience though since I bought two trading tranches of 100k shares each at approx 1.23p/share on Friday . Not a lot compared to some but the amount of times I’ve rinsed and repeated my first two trading tranches is beyond count It’s the follow up trading tranches I buy that make most profit . News related to Omnia progress at Guy Fawkes ( GF ) hard rock area within the Manica prospect is most likely to arrive soon . Whether it be stock piling near the Omnia hard rock processing plant or an announcement stating processing has commenced doesn’t really matter . Since Mr.Colin Bird agreed with Omnia they could cherry pick areas of high grade material at ( GF ) to make a healthy revenue stream to help fund their venture . I may be wrong with regards to next news since Zambia progress is moving at breakneck speed compared to fair brides with copper processing not far away . Just worth trading the ebbs and flows as the ( MM’s ) do what they’re supposed to do , create a market even when volumes total less than 225,000 shares traded in one day …

Dragonslayer1 13 Sep 2019

Market Maker tree shake , news due ....... hey Ironic how the large 6,176,666 share sale reported as a " Delayed Publication " , note the date 12th Sept . Happened after the two , 2 million share purchase tranches yesterday before the SP took a dive . Then this morning some further largish buys appeared along with more that though showing as sells were in fact buys covered the sale of the " Delayed Publication " trade of 6,176,666 shares . Pointing in my mind to a short position closing that was linked to the placement of 83,333,333 new Ordinary Shares of 0.02p each (“Ordinary Shares”) at 1.20p on 25 August 2019 . So going back to my original post , Market Maker tree shake , news due … hey … sounds even more plausible now than it did 8 hours ago . Just wish I’d thrown caution to the wind and bought a few more shares in my trading tranches but from experience I’m hopeful Monday will present an opportunity for a few more buy’s below 1.20p /share … In my dreams so far since Market Makers manufactured trading conditions to appear all trades were sells later on today when in fact many were buys . They did that for a reason like everything else . Yep , to create a market and who’s short ( if it was a short ) was closed … now bonus for guessing who .

Dragonslayer1 13 Sep 2019

Market Maker tree shake , news due ....... hey Lucky enough to have picked up 2 tranches of 100k shares each . One at 1.227p /share the other at 1.2268p/share . Looks like usual Market Maker ( MM ) tree shake before news and since Xtract Resources is due news on many fronts one could say that’s a fairly obvious statement … lol … Just love XTR for the trading element let alone my long term hold position . With Q3 2019 alluvial production well underway by Sino2 along with Omnia hard rock processing from Guy Fawkes area there’s more than a slim chance of Q3 being a high revenue producing quarter . Then there’s the cherry on the cake … fair brides progressing towards production . Yep , tree shake to me …

Dragonslayer1 05 Sep 2019

Colin Bird and Chris Bail discuss XTR on VOX market Xtract Resources starts 2 minutes in . Vox Markets Xtract Resources and Chris Bailey on Boohoo, William Hill and Dixons Carphone -... Xtract Resources provide a progress update on their Manica hard rock project in Mozambique. Chris Bailey covers, Boohoo, William Hill & Dixons Carphone.

Dragonslayer1 04 Sep 2019

Manica Hard Rock Project Progress Update , 4th Sept 2019 This is fantastic news reassuring investors progress has been made emphasising no delays are expected to the contractual planned start date . Within the highlights of today’s RNS identifying specific progress made not only for the fair brides area but Guy Fawkes hard rock area too . Where cherry picking of gold rich areas will allow healthy cash flow until the CIL plant is completed for commercial production of fair brides ( DFS ) area being achieved by 1 July 2020 . I can say this with confidence with back up from a line taken from the highlights section of today’s RNS : · Deposits have been paid to commence remedial work on existing crushing and grinding circuits Obviously reading between the lines this is in reference to Omnia’s hard rock processing plant that has been designated to process hard rock from Guy Fawkes area in previous RNS’s . With Sino 2 processing alluvial’s from the Manica prospect , sold in Dubai at higher prices along with a fairer 50% : 50% profit split attributable to Explorator with Nexus / Xtract Resources compared to 60% : 40% this time last year . Xtract Resources revenue stream come Q4 2019 should be very healthy in deed . We entered the chicken farm area in the last month of Q2 2019 which as previously predicted by Mr Colin Bird provided higher grades and less overburden reiterated in the Alluvial Gold Update RNS of 1st August 2019 which I’ve copied the following line from : 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. Not forgetting July produced dorey bars are sold 2 months after production in Dubai rather than previously 1 month sold locally . Making September 1st 2019 , date July produced dorey bars are sold . With POG rising almost 10% in August alone Q3 2019 revenue stream is looking fantastic let alone wait for Q4 with Omnia , Guy Fawkes hard rock kicking in . Going back to today’s RNS and the beauty of it is reassurance : no delays are expected to the contractual planned start date … [link]

Dragonslayer1 28 Aug 2019

Sino 2 , alluvial progress at Manica We’re almost into the last month on Q3 2019 alluvial processing by Sino 2 on the chicken farm area at Manica meaning last month of Q2 2019 along with first month of Q3 2019 have been sold in Dubai or about to be sold regarding first month of Q3 . One of the reasons Q1 2019 alluvial results were below expectations in my mind with selling of gold now done in Dubai adding a further month on top of the usual month delay between production and selling . So after the raising of £1,000,000 (before expenses) following the placement of 83,333,333 new Ordinary Shares of 0.02p each (“Ordinary Shares”) at 1.20p on 25th July 2019 , Xtract Resources cash balance should be in a very healthy position . Not forgetting the almost 10% increase in POG over the last month alone . We await news regarding hard rock progress by Omnia at Guy Fawkes area . Where cherry picking rich areas of hard rock transported back to Omnias hard rock plant at their nearby prospect should be revealing at least some revenue if not a lot of revenue / profit by now . Then there’s the MMP, in partnership with Omnia, appointed as independent mineral processing contractor on the various gold bearing mineral deposits on the concession , progress to be considered . Announced 29th May 2019 , Agreement provides for MMP to build and operate a carbon-in-leach (CIL) plant along with MMP to finance and conduct the mining operations to include all capital and operating costs . Which also refers to Omnia hard rock recovery at Guy Fawkes with this announcement within the same RNS : Gravity recoverable gold to be exploited during the CIL plant-build phase, assuming suitable material is available . Which from previous RNS’s we know Guy Fawkes is ideally situated along with suitable hard rock for Omnias hard rock plant . All looking very good for Xtract Resources with a Market Cap for an ever increasing good producing company that makes me wonder what the Market Makers are up too but then I remind myself , " making a market " . Long term holders or even a little research highlights the number of times gap ups have happened followed by retraces but with an ever increasing fundamental base value created mainly through an alluvial revenue stream those retraces are becoming less and less and catching traders out .

Dragonslayer1 23 Aug 2019

Volume say placing shares have entered market already According to the 25th July 2019 , placing shares to be admitted to trading on or around 25 August 2019 . Well volume has slowed ever since that announcement with the SP dropping from 2.07p /share down to 1.10p /share when Mr.Colin Bird did a sneaky but logical top up . Leaving the way clear for news regarding Omnia progress at Guy Fawkes area , hard rock update along with Fair Brides progress and newest of all stage three at Kalengwa Copper project in Zambia . With Stage 1 and 2 already announced within 35 days of the 90 day due diligence Kalegwa progress appears to be on steroids . Not forgetting we’re in Q£ 2019 of alluvial production by Sino 2 within the Manica prospect with favourable weather along with less overburden in the Chicken farm area along with higher grades . So thanks to the placing shares I’ve manage to buy a couple trading tranches in recent weeks and look forwards to forthcoming Market Cap increase . Certainly had some hefty buys in recent days and as the saying goes follow the money not the paid de-rampers , MM or even chat sites with only one constant poster … who’s making money reading XTR , RNS’s , listening to pod casts and of course in touch with CaptainBob of ( L.S.E.) and listening to one of a few respected posters on other chat sites but generally do my own thing … … oh aye , making money …

Dragonslayer1 20 Aug 2019

Today's results after only 35 days into the due diligence period of 90 day's bodes well for Xtract Resources On 15th July 2019 , Xtract Resources announced via RNS the " Kalengwa Processing Copper Project Zambia (“Kalengwa”) Agreement " . Today’s preliminary sampling by Xtract within the Kalengwa mine tailing’s dumps yields an average grade of 1.03% Cu, 4.44ppm Ag . Also confirmed within the RNS : further systematic sampling will be required to more accurately define the tailing’s resource, while test work has already commenced to define the optimum copper/silver recovery route for a new processing operation . Hence phase 1 of the due diligence completed with phase 2 commenced already . [link] Going back to the 15th July 2019 RNS whereby Xtract and KPZ have agreed a 90-day due diligence period . If everything works out as historic data portrays Xtract Resources will have a huge revenue stream of 33.33% of net profits from the operations . Which all sounds fantastic until you read more of the RNS following paragraph taken from RNS [link] On signing the agreement, we will recommence operations and advance to the initial operation. The initial operation will be upgraded to a mechanised sophisticated ore sorting system. During this initial phase, the Company will explore for extensions of the open pit both North and South. The results from the exploration will determine the size and operating requirements of a larger operation. We will also assess the possibility of de-watering the former open pit with a view to access the high-grade ore left at the bottom . Hence it’s not only a 90 day due diligence to evaluate feasibility of processing tailing’s at the Kalengwa Copper Project but also assess through an exploration programme previously reported potential strike extensions to the North and South of the historic open pit determining potential for a new open pit operation . Well worth while reading both RNS’s to get a true picture not only of the tailing’s revenue stream possibility but the potential for a new open pit operation . Which after due diligence is done would soon be capable of providing Xtract Resources with another ever increasing revenue stream just like the Manica Prospect in Mozambique . As per usual Mr.Colin Bird has entered this 90 day due diligence agreement with many safeguards protecting Xtract Resources share holders from any unforeseen pitfalls .

Dragonslayer1 20 Aug 2019

Today's " Tailings sampling at Kalengwa Copper Project Zambia " RNS .... tailings dumps yields an average grade of 1.03% Cu, Very happy to read today’s RNS having been disappointed by ARCM results this morning . Appears Mr.Colin Bird knows the area better than most . Following taken from today’s RNS . In July 2019 the Company undertook a preliminary confirmatory sampling programme along three hand-dug trenches across the tailings dumps. Two trenches were opened within the main tailings facility, while the third was within the swamp area, for a total of 420m. Trench depths ranged from 1.0m to 3.5m. 93 samples were collected, approximately every 5m along the trenches, by sampling vertical channels from top to bottom at each location. The sampling was planned to represent average sample values over a period of time during the historic mining operation. Sample weight was generally 2-3kg. All samples were submitted for analysis to the SGS Kalulushi geochemical laboratory in Zambia. The laboratory is accredited to ISO/IEC 17025 standard for copper analysis. Analytical results received for copper and silver yielded an average grade of 1.03% Cu, 4.44ppm Ag for all samples, with copper values ranging from 0.59% to 2.48%. Average grades were consistent through all three trenches although higher grade zones were delineated within each trench. Encouragingly, results overall support the copper grades reported in the 2013 resource estimate.

Dragonslayer1 19 Aug 2019

Recent Progress With Sino 2 alluvial results for Q1 2019 now known with expectations of even better results Q2 2019 it’s down to Omnia processing of Guy Fawkes area hard rock of the Manica prospect that interests me . Then there’s those placing shares from 25th July 2019 RNS entering market around 25th August 2019 that’s going to hold any news regarding Omnias progress back . I feel a great many of the 83,333,333 new Ordinary Shares have already entered market and reason SP has been held around the placing price . Might be lucky and get some below 1.20p /share but Mr. Colin Bird is also aware of this having bought 1 million shares at 1.108p per share on 2nd August 2019 on last ( MM ) tree shake . Thankfully those placing shares raised £1,000,000 (before expenses) but not to clear debt , pay wages , etc … but were issued to raise capital for further development of its exploration and development projects in Mozambique and Zambia and provide additional working capital . Mr .Colin Bird, Executive Chairman said , " The funds will be utilised to ensure operations advance at a pace to further enhance shareholder value ". So with that in mind I’m looking to buy on any tree shake done by the ( MM’s ) before next Monday since the placing shares will be in market by then . Doubtful held in shorts either since the share price has dropped from 2.07p /share to 1.20p /share on what in my mind is good news just need to get those placing shares all bedded in .Then with a drought happening in Zambia and fine weather in Mozambique drill operations should be unhindered along with hard rock processing by Omnia and Alluvial processing by Sino 2 in Manica , Mozambique giving a healthy revenue stream to a debt free established Gold mining / Copper , Gold exploration company Xtract Resources should be underway .

theprior 09 Aug 2019

Hard Rock collaboration agreements Manica Thanks DS will have a look later TP

Dragonslayer1 09 Aug 2019

Eureka Project Update , RNS .... 9th August 2019 Option Agreement Eureka Copper/Gold Project Zambia , was announced 5th March 2019 . Following link gives access to RNS Number : 8985R www.ii.co.uk/news/option-agreement-eureka-copper-gold-project-zambia-rnsLSE20190305111501_13990787 Today’s RNS confirms many of the views Mr.Colin Bird had on the Eureka copper / gold mine project and some . With two copper (+ gold) soil anomalies highlighted, the largest extending for 3km . Following link gives access to today’s RNS Number : 4828I www.ii.co.uk/news/eureka-project-update-rnsLSE20190809070002_14182590

Dragonslayer1 09 Aug 2019

Hard Rock collaboration agreements Manica theprior Processing Copper Project Zambia (“Kalengwa”) Agreement · Xtract and KPZ have agreed a 90-day due diligence period following completion of which, should 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. So that takes us up to October 10th 2019 before Xtract Resources has to make a decision on whether to proceed at Kalengwa . Until then Mr.Colin Bird has more than enough time to evaluate any bad press whether it be fake news or spam . Obviously certain posters like BuriedTreasure have been banned from posting on certain Bulletin Board for posting misleading information before . I read one news item yesterday regarding XTR and quickly dismissed it , here’s the link tell me what you think . [link] . I prefer to do my own research and interpretate each RNS / podcast / etc , the way that most likely portrays a true picture of what’s actually going on at XTR . That to me highlights the progress Sino 2 is making in the chicken farm area of the Manica prospect with the higher gold grade alluvials along with less overburden . Then there’s the hard rock Omnia are cherry picking from Guy Fawkes area within the Manica prospect all of which greatly outweigh any bad press coming out of Zambia whether it be fake news or spam . Since Mr.Colin Bird has already check relevant documentation I’d say it’s spam but nonetheless won’t be including Kalengwa in my valuation of XTR until the deal has been agreed . That valuation is many times what the Market Makers have the current Market Cap at too .

theprior 09 Aug 2019

Hard Rock collaboration agreements Manica Hear what your saying DS, but have you any further thoughts on the Zambia deal, given the bad press it’s had? TP