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Share Name Share Symbol Market Type Share ISIN Share Description
Xtract Resources LSE:XTR London Ordinary Share GB00BYSX2795 ORD 0.02P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.75p 59 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.70p 0.80p 0.75p 0.75p 0.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.26 -0.60 2.6

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Date Time Title Posts
10/12/201816:14Xtr simpleton thread trouble makers are barred 489
03/8/201816:24XTR BMR ...What's the word in the city?-
31/7/201818:35XTR Word in the city is......?3
29/7/201813:05XTR what next for the merry go round?-
21/7/201813:31XTR placing soon at 2p?251

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Xtract Resources (XTR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-12-11 16:17:560.716,86248.51O
2018-12-11 15:23:460.7125,000176.75O
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Xtract Resources (XTR) Top Chat Posts

Xtract Resources Daily Update: Xtract Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker XTR. The last closing price for Xtract Resources was 0.75p.
Xtract Resources has a 4 week average price of 0.70p and a 12 week average price of 0.58p.
The 1 year high share price is 3.15p while the 1 year low share price is currently 0.58p.
There are currently 350,560,684 shares in issue and the average daily traded volume is 191,415 shares. The market capitalisation of Xtract Resources is £2,629,205.13.
augustusgloop: On 31.07.2007 Colin Bird sold 3 million Jubilee shares for an equivalent of over 100p per share. Since then Jubilee has reported losses of over £80 million and the share price has fallen to 2.7p Hardly worth of congratulations for the turn around. Shareholders have been well and truly shafted.
thecoyone: It is worth noting that Q4 is usually a good period for the XTR share price.
thecoyone: There is consensus opinion that that market participants (market makers/brokers/hedge funds) have taken advantage of the liquidity drought on AIM ever since the Beaufort fiasco which has locked in around £500m of liquidity. It is worth remembering, that before the first signs of the fiasco Xtract was (1) a Beaufort client favorite (2) heavily traded (3) had excellent liquidity - the share price was happily trading in a range of 3p-3.5p for some time. After all Beaufort accounts were frozen many stocks associated with the broker started to fall on very low volumes, many have dropped >60% It is clear, with all Beaufort monies expected to return in mid November there will be significantly increased volumes in the previously traded stocks (Xtract is one) A few shrewd operators are now seeking out these opportunities therefore.
andplus: What does he really mean when he says "grow shareholder value"?I noticed he mentions this on almost every market update, however share price is always lowers and lower, so what is he trying to say by this statement: "increasing shareholder value growth."
thecoyone: jamesiecakes Manica Fairbride worth a conservative 4.4p - 6.5p per XTR share NOW You are quite correct concerning the increase in the NPV it could be, and most likely will be, IRO $62m if Colin Bird can save that $20m he implied. I did suggest my heavily discounted 4.4p 'target' for Fairbride was conservative. I have adjusted my target range to account for the extra $10m saving. You can see why the current share price is bordering on ridiculous. As a matter of interest, when Auroch owned the project their PEA offered an initial capex of $28m preferring to add the underground element of $14.8m later. HTTP:// There are many options ahead for Xtract, my guess is shareholders would want to go for the low hanging fruit offering immediate and pretty substantial low cost gold production in the 1st 4 years. Colin Bird wants to construct the mine for the full 7-8 years, but is he bluffing? Make no mistake, I tell you this, Xtract is worth far far more than the current £3.5m enterprise value. I am still in the market for stock BTW.
thecoyone: It is interesting to note that in Q4 the share price was approaching 4p. This is a typical AIM stock with share price moves entirely unrelated to operations but more reflective on sentiment. Timing is key to making money on AIM, I suspect this is near bottom, fallen from 2.5p - 2.8p range in April, might be worth a punt for recovery back to mid 2's
freedom97: Good morning WUZY & ALL, LSE website was down all day Friday, only back online Sat. HawaiifiveO who attended the AGM kindly posted the following on Sat, (hope he doesn't mind me posting it here): AGM notes 1 AGM was attended by 5-6 shareholders. After all resolutions were passed Colin Bird (CB) happily took questions from the floor for around 90 minutes. . Alluvials Sino are performing very well, it seems they have hit a sweet spot, CB asked the CFO, he confirmed May was a ‘very good month’ I expect to see a very decent production update in mid July therefore. It was explained they are learning more and more about the ground, CB said he was thinking of dividing the alluvial land into 2, north and south. The north has good gold, larger flakes & nuggets but at depth, he was in discussions with a reputable outfit with experience/equipment that could deal with the depth and deliver good gold production. As mentioned Sino are performing very well on the south land, he expected production to continue to build, many months of good weather ahead. He continually mentioned the word ‘profitable217; Cash position Cash position was stated at over £1m plus $200k in Mozambique, he clearly stated there would be NO PLACING unless it was for acquisition. Again he re-iterated ‘profitable217; Moz Gold Will leave the project immediately. Xtract will take possession of their plant which CB said would cost new £4m, a question was asked how much the plant would fetch on the open market, he replied circa £800,000, which more than covers the $400k loan. He said the plant could potentially be leased to the outfit who will take the northern deep gold land at Manica AGM notes 2 Omnia hard rock He was limited what he could say but progress was being made, he said their plant was excellent, talked about transporting pay dirt to their plant from the Manica site. I would expect to hear more on this soon. Fairbride Again limited what he can say at the meeting. Still in discussions, he said it was important to build the mine how he wants it built or shareholders may loose out if a contractor simply took the ‘easy gold’ and moved out after a few years. Very interestingly he said he felt he could get the mine cap ex cost down to circa $20m from the DFS stated $43m. Still wants to negate shareholder exposure to debt so prefers to go down the 18%-20% royalty route. Wants to secure more land to extend mine life, further increasing value. Conclusion A fairly upbeat AGM, good cash position, cash will build if alluvials keep performing as CB expects, news, on alluvial north land (new contractor) news on Omnia hard rock progress + Fairbride expected. CB said there was no reason at all why the share price has gone from 2.6p to 1.3p he said Co in very good position compared to many many AIM junior mining Co’s, re-iterated by CFO. He expressed frustration over not being allowed to update market on many topics because of Nomad & regulations, he said he will either do a pod-cast on VOX or another Q&A session like BRR, he wants to get the message out. HawaiifiveO then replied to a question on LSE: He said cash in London was £1m (Pounds) and in Mozambique they had $200k sitting there. The point concerning reduced Capex at Fairbride, offers him more leverage in discussions with third parties as their costs (to build the mine) would be significantly lower than the $43m in the DFS. In closing the meeting he wanted to reassure shareholders present the company was in good shape and in a FAR better position than many peers. He was bemused by the drop in the share price but acknowledged the market (and shareholders) want to see progress and news. Hopefully some clarity from his AGM comments have helped the cause, he did say he wants to do a podcast or a Q&A via BRR, in any case I believe the alluvial update, due in mid July will be something to look forward to, the fact the CFO backed up CB's comments was key IMO. Personally I think the current price is a buying opportunity but that is just my opinion. ========================== All sounds good imo, should get the usual 'all resolutions passed' RNS re. AGM, today.
freedom97: Posted by HawaiifiveO on LSE last night: I have to say, having met XTR twice over the last 2 months, how insane the reaction to the Annual Results has been, the share price drop from 2.85p to 1.3p even more baffling, remember it was 4.8p in Q4 2017. Nothing in those results was unexpected to anyone who had taken a modicum of time to research 'issues' over alluvial income, the loan to Moz Gold was discussed in detail after the UKIS, secured on plant which would cost, $4m new according to Colin Bird. The loss of one (possibly two) alluvial contractor(s) was already being worked on by Colin Bird at the time of the same show, we await news on this aspect. The company is currently valued at only £4.6m, Colin Bird confirmed at UK Investor Show in late April there was £1.3m in cash in the bank and he expected to deliver news on the key hard rock mine within some months, he said he was speaking with at least two resourceful companies from overseas. We await news. The hard rock open pit mine has a conservative NPV of $42m based on gold priced at $1250, it is ready to go, capex payback is only two years which is excellent, cash costs only $556oz, again excellent. So direct me to a company on AIM that has a ready to go gold mine with such excellent economics currently valued with a enterprise value of only circa £3m? Does not exist! I have added at current levels, on AIM you get wild over valuations and wild under-valuations mainly due to sentiment, buy when blood on the streets comes to mind. I will be attending the AGM and expect news beforehand, we will see. DYOR etc.
freedom97: MCAP now just £4.6m XTR even loaned MOZ dosh: Update on Moz Gold Loan On 15 December 2017, Xtract announced that it had agreed to loan a total of US$700,000 to Moz Gold to be drawn down in two separate tranches of US$400,000 and US$300,000 respectively, with an interest rate of 30% per annum ("Loan Agreement"). A total of US$324,000 of the 1(st) tranche has been drawn down by Moz Gold and is fully repayable by 22 May 2018. The second tranche of US$300,000 can only be drawn down at Xtract's discretion and only once the first tranche has been fully repaid or converted into equity in Moz Gold. As at 1 March 2018 the total amount owed by Moz Gold under the Loan Agreement (including accrued interest) amounted to US$338,000. edit.
pwhite73: simon_64 - "Looking good with the volume we have had over the last couple of sessions..." In real terms the volume is not high. It is only appears high because the shareprice is so low at 0.023p. FRR has a share price of 0.23p ten times as high. Volume on Friday was 335m. Multiply that by a factor of 10 and you get 3.3bn compared to XTR 1.1bn. KOD has a share price of 0.26p ten times as high. Volume on Friday was 496m. Multiply that by a factor of 10 and you get 4.96bn compared to XTR 1.1bn. VAST has a share price of 0.60p thirty times as high. Volume on Friday was 67m. Multiply that by a factor of 30 and you get 2bn compared to XTR 1.1bn. MTV trashed its share price in a similar vein so that the stock was always at the top of the Volume Leader Board. Needless to say the stock was utterly worthless. People go on about the overhang taking time to clear. AIM companies often use overhangs as an excuse for forward selling even more discounted shares. I said in an earlier post I think XTR was only left with about £400k after the last placing. It still needs more money to carry out its operations.
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