New to this game and invested. When do the derampers begin to ramp, if at all? Are there various strategies or have they agreed a target price to bully this down to?
The Greek banks are said to shut down until after the referendum on 05/07 and pinning cash is as from 30/06 possible with a limit of 60 euros. Euro down in Asian markets; Interesting to see what the gold-prices will be doing. Good news today 29/06 at the XTR AGM!
Waite until the chinese yuan manages to get reserve currency status in October 2015 then you may see some fireworks in the gold-market!
From what I remember O'Kiep stopped their mining operations in the 80 ties so at least some 30 years ago; what has mining technology done in all these years ?
Assets, Capital, Talent, Vision yes, to me they are being lined up quite nicely at XTR, but I do not remember coming across an instant made company!
As far as I understand XRT got 7 month to make up their minds about the O'Kiep copper tailings and in this time they will have enough data to make a good decision with a top mine exec in charge and it the first data appear to be satisfactory to XTR management..
On monday we should know a lot more about what the new developments will be for XTR and since by then also the Greek question should be a bit clearer which should help us either way imo.
For my money there will be no placing in the near future unless there is a mind-bogging opportunity which we shareholders can applaud.
Seem to recall that Jan Nelson described the problems XTR has had at Chépica in January 2015 as being " the biggest challenge in his career¨". We do not know what the cost has been of the consultants and extra unforeseen work which had tro be done as to overcome the problems in such a way that the future of Chépica will be de-risked enormously. I also feel that today's RNS was good but maybe not as clear and detailed as it could have been, but then we are at a sensible stage with more deals coming. The cards will be on the table on the AGM!
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