After hours trades on LSE 18 million shares at 0,0030 and 500.000 shares at 0,0036
It looks like Jan Nelson has that gift to see gold in the sands of clapped out mines or badly managed operations. It seems he knows what the critical points are and how to overcome them. Vision and Talent!
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!