Dragonslayer1
08 Aug 2019
Hard Rock collaboration agreements Manica with buying pressure forcing out any short position held from recent placing shares . I did a few dummy sells and quickly realised the Market Makers ( MM’s ) were willing to buy huge amounts of shares at 1.177p / share without Negotiated / Trading ( N/T ) kicking in . Hence added a few more at 1.215p/share . Ironic how that delayed 1 million share trade from 15
9hrs was done immediately after mine but 29 minutes later at 1.20p /share . I’m left wonder if that was placing shares entering market to close what could be one of the last of the shorts if not the last , closed by placing shares . Not sure since after my buy another buy same amount was done at same price as mine 1.215p /share . Only then was the real ask price raised to 1.22p /share . With volumes being very low compared to early days after the placing announcement I got a strong feeling overhang has been cleared . After all only 83,333,333 new Ordinary Shares of 0.02p each are supposed to be admitted to trading on or around 25 August 2019 . Day of placing announcement share price dropped from 1.75p /share to 1.35p /share , with heavy selling previous day too , leading me to believe placing shares left to enter market are for long term hold placees . I’ve picked up a lot of shares since the drop started 23rd July and re-bought many with highest price paid 1.256p /share , including 600k shares at 1.215p / share in my second trading tranche . Long term hold position is still intact with funds ready to buy more shares in coming days it’s hard not to feel confident with Omnia progress on Guy Fawkes hard rock news being held back from Sino 2 , alluvial Gold Update but since then Mr.Colin Bird has picked up a million shares along with many many millions picked up by shrewd traders / investors … hum … the future of Xtract Resources being debt free / cash in the bank to fund exploration / development in copper / gold mining in Zambia . Who wouldn’t be confident .
Dragonslayer1
06 Aug 2019
Hard Rock collaboration agreements Manica Appears in the latest " Company and Manica Alluvial Gold Update " RNS reference to hard rock progress was made . To newcomers to XTR this would be in relation to MMP building and operate a carbon-in-leach (CIL) plant following copied and pasted from RNS Number : 5993H . The hard rock contractors are progressing satisfactorily with site visitations from geotechnical engineers and process engineers in order to finalise design parameters. Our partner has assigned permanent staff to the project and we are pleased with the progress both technically and administratively." With MMP, in partnership with Omnia, appointed as independent mineral processing contractor on the various gold bearing mineral deposits on the concession . It’s as if an updated on Omnias progress at Guy Fawkes area of the Manica was left out for a reason . I’m expecting this news shortly since Omnia have the right equipment on it’s own concession nearby to process Guy Fawkes hard rock with very little alteration needed . Maybe this is why Mr.Colin Bird emphasised why he thought there was a huge discrepancy between XTR , Market Cap and true worth . Dictated through Market Maker share price obviously . With Q3 2019 , Sino 2 alluvial results having 3 full months of the chicken farm area alluvials to process . Monthly sales of dorey bars in Dubai should be getting better each month as extracted alluvial gravel hits increased gold content and not forgetting POG increasing too . Making Manica a solid base for Xtract Resources to work from to further de-risk the company with copper / gold exploration / mining in Zambia . Which after the recent fund raise at 1.20p /share is fully funded for the foreseeable future . No wonder Mr.Colin Bird did a top up at 1.108p/share on Friday . I did one yesterday at 1.15p /share but would be happy to take many more on share price weakness whether it be through traders chasing rainbows or shorts being closed by placement shares entering the market lowering the SP doesn’t worry me . I’ll be adding …
Dragonslayer1
05 Aug 2019
Topped up with recent news de-risking XTR even more With the news from the 1st August 2019 , RNS Number : 5993H that , " 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 ". It gave me the impression the chicken farm area had been reached with lower over burden along with higher grade alluvial’s hence I topped up this morning regardless whether there are any shorts still open after the recent placing announcement of shares . Following Mr. Colin Birds direction of last Fridays announcement via RNS Number : 7978H that he’d added a further 1 million shares to his holding . I’m well aware there’s nothing stopping him adding further just wish he’d topped up at 1p first . Oh well adding as time goes by with hard rock progress from terraces yet to be announced regarding Omnia and cherry picking easy picking from Guy Fawkes area news could arrive at any time .
Dragonslayer1
02 Aug 2019
RNS , Q2 alluvial revenue 305 ounces attributable to Explorator , with 533 ounces sold attributable to Explorator haasjohn4 It reads like a BuriedTreasure fantasy story which if your a regular follower of Xtract resources you would already know . Hence as President Trunk would say " fake news " or I would say " Spam " .
hannsjohn4
02 Aug 2019
RNS , Q2 alluvial revenue 305 ounces attributable to Explorator , with 533 ounces sold attributable to Explorator There seems to be a lot happening in Zambia today around the Kalengwa Mine Licence. See article here:[link] about Mr Bird and the Kalengwa licence. It is reported locally that thugs attacked the mine last night. The Patriotic Front is supporting Moxico to get their licence back:[link] after Alan Davies the CEO of Moxico was interviewed on Zambian TV:[link] The President is in the district today. I suspect there is bad news for Colin Bird and his gangster partners Shawi Fawaz coming today.
Dragonslayer1
01 Aug 2019
RNS , Q2 alluvial revenue 305 ounces attributable to Explorator , with 533 ounces sold attributable to Explorator Considering all the upheaval Mozambique experienced with the cyclones , floods Q1 2019 these figures are quite impressive . Colin Bird, Executive Chairman said: "The financial performance numbers show improvements on previous quarters reflecting the strong gold price, cost cutting measures and reduced land compensation costs. The hard rock contractors are progressing satisfactorily with site visitations from geotechnical engineers and process engineers in order to finalise design parameters. Our partner has assigned permanent staff to the project and we are pleased with the progress both technically and administratively." In fact I’m well pleased with the RNS , Sino 2 alluvial revenue stream , hard rock progress just cautious about these placement shares . Whether there in the system yet or not is anyone’s guess . www.ii.co.uk/news/company-and-manica-alluvial-gold-update-rnsLSE20190801125800_14172956
Dragonslayer1
31 Jul 2019
MM shorts getting closed with introduction to market of placing shares Voxmarket podcast , released today , Xtract Resources summary starts 20 mins . Vox Markets Immotion, Seeing Machines, Xtract Resources and John Meyer on 3 resource... On today's podcast: Immotion talk about their fundraise which is being used to accelerate their partnership model strategy. Seeing Machines discuss the deal with National Express. Xtract Resources provide a general update. John Meyer covers Arc...
Dragonslayer1
31 Jul 2019
MM shorts getting closed with introduction to market of placing shares the prior I totally ignored that blog since it’s got the old ( l.s.e. ) poster BuriedTreasure oozing out of it . The term , " fake news " springs to mind or more commonly known as spam . Well done on your top up at 1.13p /share , that well wicked . I’m hopeful of getting me next tranche at 1p … aye , I know wishful thinking but with no buys the MM who’s shorting is taking the SP down by closing the shorts open . Bravo to him / her too … I’m mainly in cash but not a fool …
theprior
31 Jul 2019
MM shorts getting closed with introduction to market of placing shares Bit of adverse publicity about CB being in league with criminal hot shots maybe knocked the sp a bit this morning so I took another tranche at 1.13. Let’s see where we go now… TP
Dragonslayer1
31 Jul 2019
MM shorts getting closed with introduction to market of placing shares Yep , we’ve all seen this happen so many times before . Ironic how Kat finds it strange I bought two trading tranches back around the 1.20p /share mark but then the profit made in selling them at a higher price before re-buying at the 1.20p /share mark outweighed the risk of being only one trading tranche in on next spike , alluvial results might cause that . I’m looking to buy more trading tranches as the shorts get closed on open market with forthcoming placing shares but who knows with the pound crashing and the US dollar flying making our gold revenue stream create even greater profits . I might just have to stick with the two I got . Hopefully the MM is stuck with shorts open when the Sino 2 alluvial results arrive with Omnia , Guy Fawkes hard rock update but none to worried if the MM gaps up to cover him / herself .Seen it so many times before with Xtract Resources but then having an heads up from a panicky MM on another bulletin board is always a help . All in my own opinion of course that’s proved very profitable to me over the years …
Dragonslayer1
30 Jul 2019
Today's placing for £1,000,000 at 1.20p /share and what it's for Just noticed 2 after hours 100k shares were sold or appear that way but look closely . Second of the two is an XOFF trade which if you do some research reveals " The venue XOFF just means the trade was traded OFF a main exchange - probably over the counter between 2 parties without any exchange participation. " , In other words probably Market Maker - Market maker to shake out the un-research trader . www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB00BYSX2795GBGBXASQ1 So it looks like Market Makers want your shares which I’m glad about since I’ve picked up two trading tranches in last two days . Be nice to pick up a few more before August 24th and placement shares come on to market . Shorts won’t be a Market Makers preferred tool after that since the placees would have done their research before taking up the placement shares .
Dragonslayer1
30 Jul 2019
Today's placing for £1,000,000 at 1.20p /share and what it's for Just noticed a typo … my 600k share buy was at 1.215p /share , sorry for the confusion . … P.S. still delayed from publication .
Dragonslayer1
30 Jul 2019
Today's placing for £1,000,000 at 1.20p /share and what it's for stewartr8600 From experience the easiest way to lose money share trading is to believe Blogs , Broker notes , etc … they all have an agenda . It reads like a blog from the ex ( L.S.E. ) poster BuriedTreaure hence like I say best do your own research read the RNS’s , listen to Mr.Colin Birds podcast , attend Investor presentations and get a feel for the company and most of all the man running it . Appears the Market makers are collecting shares at current price . Bought 600k shares @ 1.1215p / share which is being held back from publication . I wounder how many more buys are being accumulated to form a base at 1.20p /share which are also being held back from publication .
stewartr8600
30 Jul 2019
Today's placing for £1,000,000 at 1.20p /share and what it's for Xtract Resources joint ventures in Zambia are based on some very dodgy deals and shady partners, take a look at the blog here: [link] The feeling locally in Zambia is that the mine has been seized by a famous local criminal who has been trying to get hold of it for years and the local senior Chief is questioning who owns the KPZ, the joint venture vehicle. It looks like it is all off shore in the British Virgin Islands. But more than this the pattern in the share price last week does look like classic insider dealing. As this piece says Colin Bird has a lot of answers to come up with fast, not least, why is he in business with a well known criminal: Shawi Fawaz - see this piece from anti-corruption outfit Zambia Watchdog [link]
Dragonslayer1
27 Jul 2019
Today's placing for £1,000,000 at 1.20p /share and what it's for theprior I was hopeful of getting same price as the placees , 1.20p /share . Then remembered a post I did a few days back stating Mr.Colin Bird is sure to have friends who would be building positions in the background . Yep , the placees may well be those friends hence majority of placement shares will be going into sticky fingered investors . I did a dummy sell of all my long term hold shares before buying my 1st trading tranche and surprisingly the Market Makers would take the whole lot without Negotiated Trading ( N/T ) kicking in at a price of 1.21p/share . Leaving me to believing the placement was over subscribed and placees were in the market for more shares . I’m a disciplined trader when it comes to my trading tranches hence only took the 100k shares at 1.256p /share . I may regret that but none to worried my long term hold position is quite substantial even compared to the large trades we’ve seen going through of late . With Xtract Resources being debt free , due revenue figures for Sino 2 , alluvial processing in coming days along with the sale of remaining dorey bars held at Manica . I get the feeling the extra £1 million will allow copper Joint ventures in Zambia to progress at a much faster pace . So we had a placement for £1 million and yet the company value shrank by 36% . Weird that since the money wasn’t raised to pay off debt , creditors . It was raised to further the expansion of Xtract Resources portfolio along with increasing it’s revenue stream . The Market Makers may have shorted the company but one things for sure XTR are worth far more now than prior to the placement at 1.20p /share . A month ago we could only dream of reaching that price hence I’m praying for a tree shake before the Sino 2 profits are revealed . Not forgetting an update on Omnia progress in the Guy Fawkes area of the Manica prospect may also be updated . Cherry picking from Guy Fawkes area would certainly help Omnia / Xtract Resources 50 /50 agreement as was mentioned by Mr.Colin Bird during one of his recent pod casts . He even highlighted how Omnia built a hard rock plant at great expense but had no hard rock to process … hum … we got plenty of that at the Manica prospect only a few miles away .
