Xtract Resources Investors - XTR

Xtract Resources Investors - XTR

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Xtract Resources Plc XTR London Ordinary Share GB00BYSX2795 ORD 0.02P
  Price Change Price Change % Stock Price Last Trade
-0.15 -2.36% 6.20 15:30:01
Open Price Low Price High Price Close Price Previous Close
6.35 6.20 6.35 6.20 6.35
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

DateSubject
13/3/2021
15:15
denjon: I had hoped to see some late reported buys and am very encouraged by the large individual size of them. Don't get the feeling that they are the usual day trader ones. Hopefully more serious investors deciding the risk odds are not unfavorable. Should be some assay results out by next Friday and on through April. Good results should bring in the big investors.Things could soon get serious quite quickly. CB is well able to deal with any approaches. Time to retire on a high moment?
08/3/2021
22:51
redthursdays: I'm on BT's side for this reason... Turns out BT is in the right. One of Zambia's most notorious criminals has been working with Colin Bird of Xtract Resources to take over a Cooper mine in Kalengwa, Zambia. The local community oppose the deal. The mine belongs to another company. The questions that are being rasied now: was this all an elaborate insider dealing scam? The Kalengwa Copper Mine: making offers that can be refused Kevin Coulter Zambian Supreme Court Justices Phiri, Kaoma and Musonda: “Our judgement of 25th March 2015 gave possession of the mine to the appellant and that cannot be questioned by anyone” On 15th July 2019 Xtract Resources concluded and published a Memorandum of Agreement with Kalengwa Processing Copper Project Zambia. This report was duly published and appeared online that morning. The CEO of Xtract Resources, a controversial mining executive called Colin Bird, was quoted on the release saying: "I am pleased to have completed this processing arrangement which makes immediately available to us, relatively high-grade dump material for processing. We will also commence exploration operations to identify the possible extensions of the open pit ore both on strike and depth.” The mining licence in question has been the subject of a long legal battle and no less than four Supreme Court Decisions. The persistent, if not obsessive, campaign to win the mine, which culminating in its occupation by young South African “investorsR21;, has been waged by companies, Hetro Mining and Ore Limited and Lunga Minerals, which are controlled by Shawi Fawaz. Fawaz has faced charges of aggravated robbery and conspiracy to murder. Mr Fawaz is a partner in Kalengwa Processing Zambia. Perhaps that is why Mr Bird did not pursue this deal through the most obvious company with which he is associated, Jubliee Metals. Its CEO, the widely respected Leon Coetzer, would have had more sense and done more due diligence. The MOA signed between the Colin Bird-Shawi Fawaz team included a 90-day due diligence period. At the time of the initial signature of the agreement, 12th July, and at the time of the release of the information on the 15th July, rulings by the Supreme Court dating back to 7th March 2017 and 28th March 2017 and a renewed Mining Licence issued on 31 September 2017 for a three year period were in place establishing the ownership of the Kalengwa Licence by Euro Africa. These facts were known to Colin Bird the CEO of Xtract Resources. On 1st February 2018, Moxico Resources entered into a Joint Venture with Euro Africa. Moxico invested heavily in developing the mine. On 19 September 2018 the transfer of control of the Kalengwa Licence from Euro Africa to Moxico Resources plc was confirmed by Ministry of Mines and then endorsed by the Mining Licencing Committee and the Attorney General. Moxico Resources (Z) Ltd and Euro Africa are compliant with statutory obligations, taxes and mineral royalties. On 15 February, following $6m investment and with $20m raised from investors, Phase exploration was completed. All these facts were known on day one of the 90-day due diligence period. No amount of time passing is going to change these facts on the ground. Everything that took place in the period from 30 March 2017 when the Supreme Court judgments in favour of Euro Africa were published and the 4th March 2019 conforms to the norms of good practice in mining licencing and exploration, in the conduct of public and listed companies and in the legal framework of Zambia’s anti-corruption legislation. The sequence of events that begins on 4th March 2019 and continues to the present date, does not. On the 4th March 2019 the Mining Licence Committee revoked without warning the Kalengwa Lience 8584-HQ-LEL. Legally under the Mines and Minerals Development Act 2015 Section 72 [2] the committee should have allowed Moxico Resources (Z) Ltd, 60 days to show cause as to why the licence should not be revoked. The revoking of the licence had no technical basis and was in contempt of the Supreme Court Rulings of 7th and 27th March 2017. It is was worth considering those rulings. They are in a publicly available document. During their 90 days of due diligence and indeed, at any time before the signing of the agreement, Colin Bird and Shawi Fawaz could have read the ruling. They could have asked their counsel to read the ruling and explain it to them if it was not clear to them. Here are a few extracts. Follow the link above for the full ruling: …in an judgement dated 28th January, 2010 the High Court dismissed the application for judicial review holding that there was no illegality, irrationality and unreasonableness and that the Director of Mines complied with the law since SML 142 was null and void ab initio because it was unlawfully granted in respect of an area covered by an already existing and valid licence PLLS 59...in 2011, this court ordered Hetro Mining to vacate Kalengwa mine; on 31st March, 2010 Hetro Mining commenced judicial review proceedings at the Ndola High Court and applied for an order of mandamus to compel the Minister to render a decision on its appeal. It also obtained an injunction restraining the appellant from going to Kalengwa mine and accessing the copper ore stockpile thereon. On 15th May, 2011, the Minister rendered his decision on the appeal and upheld the Director’s decision making the judicial review proceedings academic…our judgement of 25th March, 2015 gave possession of the mine to the appellant and that cannot be questioned by anyone… At anytime Mr Bird could have read the ruling and understood that his associate or perhaps boss, Mr Fawaz was not the kind of man to respect the rule of law. But Mr Bird saw an opportunity to make a quick killing. Mr Bird knew very well that was happening had no basis in law and would eventually unravel and be reversed. Why not make a little money along the way. On 4th March 2019, the same day that the Mining Licence Committee suddenly and mysteriously revoked the existing licence without allowing the statutory period of appeal, Kalengwa Processing Zone Ltd applied to the Mining Cadastre Unit for the Kalengwa Licence. Kalengwa Processing Zone Ltd is almost entirely owned by KPZ International Ltd. KPZ International is registered offshore in the British Virgin Island. It controls 99% of KPZ in Zambia. The application by this foreign company for the licence, should never have been accepted. It is in direct violation of the Mines and Minerals Development Act (General Regulations) SI No.7 Section 63 which stipulates that applications over an area in dispute shall not be accepted: 63. On the commencement of these Regulations, where an area is subject to a conflict or overlap that could affect the mining activity area, that area – (a) shall be blocked off until the resolution of the conflict; and (b) an application over that area shall not be accepted. On March 15th, Euro Africa lodged their appeal with the Minister of Mines. On 27th March that appeal was rejected and within 24 hours the KPZ application was validated by the Mining Cadastre Unit and approved by the Mining Licence Committee Chair. On April 2nd KPZ was granted the Kalengwa Licence by the Mining Licence Committee. Between April and July, the Government of Zambia begin to take an interest in this suspicious sequence of events. Why is a UK led company being attacked in this way is the first question? The second question is who benefits in the long run if this operation succeeds. The answer is the same person who had tried and failed to use the courts to take control of the mine. If one branch of government lets you down, why not turn to another branch of government. But more troubling still is why would a CEO of a company like Xtract Resources, listed, get involved with someone like Fawaz, who they know is involved in criminal activity and they know has pursued multiple means to get what he wants? Rumours are flying around now that the government wants out of this mess and they are trying to find Fawaz an alternative licence. But the next chapter of the saga raises even more questions for Mr Bird, above and beyond his lack of judgement, failure to do due diligence on his partners and his reckless disregard for the rule of law and due process. When Mr Bird welcomed the announcement of the agreement it was carried across the internet. Shares in Xtract responded well to begin with. It looked like a good deal But then something rather odd happened. As the share priced peaked, Xtract Resource share price hit a 12-month high on 21 July, shares began to be sold in ever larger numbers. The share price duly tanked. The Share Price crashed on the 22 July, losing 23% Market Value. The Questions that need to be answered: Did the owners of the shares dumped know that their deal with KPZ would be ruled illegal by Zambian government? Mr Bird knew there was a very serious dispute coupled with government investigations of Xtract and KPZ, but he did not inform current shareholders or those who bought. Why? There was growing evidence that the Kalengwa licence was obtained illegally so did they decide to cut and run? Or was that always the plan? Xtract announced their deal with KPZ to the stock market and because of the press announcement the share price of Xtract rose. Why did they not inform the public? Did they sell shares to an uninformed and unsuspecting public in order to raise the price of the shares in order to sell soon after? Did Xtract create content they knew to be false and illegal in order to inflate the share price? They did so in full cooperation and assistance with a well-known Zambian criminal Shawi Fawaz. Why did they work with him? Have the buyers of the Xtract shares been lied to by Colin Bird and by his associate, one of Zambia’s most notorious criminals, Shawi Fawaz?
08/3/2021
11:03
the count of monte_cristo: hTTps://www.mining-journal.com/copper-news/news/1405866/the-oz-discovery-thats-got-the-london-market-excited hTTps://www.alkane.com.au/drilling-at-kaiser-intersects-significant-au-cu-mineralisation/ "Our drill program is revealing not only the very large scale of Boda, but potential repeat systems of significant scale within a structural corridor. These results give us added confidence to pursue our drilling campaign as we seek to identify what could potentially be a series of substantial deposits across our Northern Molong Porphyry Project". hTTps://www.alkane.com.au/investors/presentations/ hTTps://www.proactiveinvestors.com/companies/news/943154/alkane-resources-hits-broad-gold-copper-porphyry-mineralisation-at-kaiser-adds-further-strength-to-boda-discovery-943154.html
26/2/2021
16:09
btvitexcoinvxcryptowhale: Yeah we decided not to show you hand held results hole 2 or 3 But at least during my podcast I did explain grades are poor and low So the investors at least know what to expect You're fing thick Not investors
11/2/2021
16:24
jdau: BT: "All you're doing is trying to suck in new investors to buy and not telling them what they are buying into." How can you accuse me of that when I make a point of providing a reference for anything I state back to company news releases so potential investors can verify what I'm saying with their own eyes? I'm providing information, not a recommendation, people can look at that information, choose to read / take notice (or not) of my commentary on said information and then make up their own minds. Meanwhile you're spamming baseless, negative, inaccurate comments which pretty much constitute you fabricating information whilst recommending everyone sells XTR and buys either other shares or crypto whilst providing zero evidence for anything you say. Anyone else see the irony there?
09/2/2021
12:13
denjon: Certain investors are prepared to wait for very, very positive news before buying, even if it means paying more for the shares. I'm very hopeful now that such game changing news is imminent and that some really big investors will arrive.
17/1/2021
03:57
the count of monte_cristo: For any new posters, here are a few of my posts, click on my name to go back and read a few of them. I will post all my links on here later. The Count of Monte_Cristo - 13 Jan 2021 - 13:37:10 - 1657 of 1842 Xtr simpleton thread trouble makers are barred - XTR Just listened to CB on Sharetalk, some great pieces of information from him... - XTR and the Bushranger project is completely off the Aussies radars, for now. - Bushranger is not the only porphyry that is part of the license, they also have Footroot - There are other three exciting epithermal deposits to explore on the license - Potentially the gold will increase with depth, as modelled - Now into the guts and serious mineralisation at 600m - The shape of the mineralised system on it's side, could result in cheaper costs - PH.D on the rig and expert on porphyries - Bushranger is in the Australian institute of geology, ranked highly - Boda starts at 200, we start at 100m mineralisation The Count of Monte_Cristo - 12 Jan 2021 - 12:34:50 - 1628 of 1842 Xtr simpleton thread trouble makers are barred - XTR If it goes to 5p, the company is still only capped at around £30m GBP....on a potential massive copper porphyry project:) The location could not be better, road goes through the project, no native title, just grazing land, close to a dam, power lines running through the project. Other massive mines relatively close by. All of these things may sound mundane but they add a lot of value to the project, it's not some project with limited infrastructure in some politically unstable and corrupt South American country. It also means that should a mine be developed, it is quicker to get into production and cheaper. Look at the Cadia-Ridgeway project, have you seen a) the resource and b) the AISC?! That mine is a a money making monster for Newcrest, oh my. hTTps://smedg.org.au/discovery-of-the-cadia-ridgeway-gold-copper-porphyry-deposit-john-holliday-colinmcmillanian-tedder/ https://en.wikipedia.org/wiki/Cadia-Ridgeway_Mine#:~:text=Cadia-Ridgeway%20is%20one%20of%20two%20gold%20mines%20Newcrest,is%20partially%20owned%20in%20a%20joint%20venture%20operation. The Count of Monte_Cristo - 11 Jan 2021 - 13:57:15 - 1594 of 1842 Xtr simpleton thread trouble makers are barred - XTR We were 46th on Friday, I expect top three in the future as news rolls out. My scenario thinking is as follows... As news rolls out about a potential large copper find, similar to Boda, it will attract more interest and more news flow.... The share price may spike on good drilling news, and like with UFO, reach all time highs, further attracting speculators and also value longer term investors.... Potential news flow from other exploration companies in the area may drive the share price higher, any takeover activity would ignite a raging inferno... As news flow comes in and the penny drops with investors that they could be onto a 250-500mt copper project, and realise what will happen if they meet the AA expectations further gut wrenching increases may occur. Investors will start to speculate on what price AA. will buy out the project and will look back at how CB sold the Kiwara copper project for over 200m GBP 10 years ago, during the last bull market in copper. There will be sell off's and spikes and nothing is guaranteed because only Dr. Drill and his assay results will tell the true story. The above is my own personal opinion of what may happen here. A raging bull market in commodities is an awesome thing to behold, the next few years should be very exciting ones for the beaten up and underappreciated exploration stocks. We have suffered severely these last 5 to 10 years. The Count of Monte_Cristo - 11 Jan 2021 - 12:33:01 - 1592 of 1842 Xtr simpleton thread trouble makers are barred - XTR This is just the start of the rise, IMHO, look at CCZ it was up over 50% at one point today on the back of their Australian copper projects drill results, not sure how much the market cap is now, think it is well over £30m GBP. My gut feeling is that this stock may offer life changing share price returns, but wtf do I know:) During a bull market in copper, one wants to be exposed to a small cap penny stock hunting for elephant copper porphyries, and drilling for them now.
16/1/2021
15:20
dibs61: Yes and important to bear in mind we are now in the earlyish phase of a commodities and BAS/precious metals bull market, just to help sentiment along. The RNS on Friday missed a LOT of investors attention. Intraday and Friday lunchtime couldn’t have been a less suitable time. But investors have got this weekend to digest the implications here.
14/1/2021
17:45
jlondon: "Mirabeau" - LoL - you are here. Thanks for the article and link below. #1683 MASTER INVESTORS - John Cronford - Mining Analyst "FOUR ROCKETING MINING MIINOWS SHOULD YOU FOLLOW THEM." - Thur, 14 Jan 2020 [only 2 named both in Australia - Paterson,WA & Lachlan Fold, NSW, Australia] " G R E A T L A N D G O L D - Last years market darling. Some investors are leaping off one and on to another - or are they TRULY THE ON TO A N O R T H E R G REATLAND?" "XTRACT RESOURCES: [..in the news on 12 Jan 2020] BUSHRANGER The 1st of 3 diamond holes [accurate] drill homes in a 1st Phase REACHED 607m with V I S U A L C O P P E R all the way DOWN from 110m-A HIGHLY PROMISING EARLY RESULT- explaining the share*s jump. Drilling to CONTINUE beyond the planned 815m IF MINERALISATION CONTINUES. Xtract has something to FALL BACK ON..... For WBone and Xtract...WITH THE CHANCE THEY ARE STUMBLING ON SOME S E R I O U S L Y L A R G E F I N D S, that is spurring market INTEREST."
11/1/2021
13:57
the count of monte_cristo: We were 46th on Friday, I expect top three in the future as news rolls out. My scenario thinking is as follows... As news rolls out about a potential large copper find, similar to Boda, it will attract more interest and more news flow.... The share price may spike on good drilling news, and like with UFO, reach all time highs, further attracting speculators and also value longer term investors.... Potential news flow from other exploration companies in the area may drive the share price higher, any takeover activity would ignite a raging inferno... As news flow comes in and the penny drops with investors that they could be onto a 250-500mt copper project, and realise what will happen if they meet the AA expectations further gut wrenching increases may occur. Investors will start to speculate on what price AA. will buy out the project and will look back at how CB sold the Kiwara copper project for over 200m GBP 10 years ago, during the last bull market in copper. There will be sell off's and spikes and nothing is guaranteed because only Dr. Drill and his assay results will tell the true story. The above is my own personal opinion of what may happen here. A raging bull market in commodities is an awesome thing to behold, the next few years should be very exciting ones for the beaten up and underappreciated exploration stocks. We have suffered severely these last 5 to 10 years.
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