Sunday 18 March 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Two Pauls and a Nigel - learn value investing from the masters at UK Investor on April 21- today's offer
The February 2018 edition of the UK Investor Show Magazine is now live: Nine share tips, giving in a tax-efficient way, don't count Trump out
It’s time for my monthly look at this motley selection of AIM wannabes. A few positive pointers but they all remain resolutely out of reach for the time being; although after a false start at Vast Resources, I sense the wonder VR app at EVR Holdings is taking the lead.
I’ve been a bit preoccupied in recent weeks with a certain fund manager so thought I should catch up with a few old friends on AIM this weekend but it transpires that not a lot has actually happened. It made me realise more than ever that AIM is much more about the travelling I hope than the arriving. Accordingly, I thought it was more appropriate to write a piece heralding the 7 Mythical Wonders of the AIM Casino instead.
I last commented on Colin Bird’s apparent addiction to issuing shares at Xtract Resources (XTR) back in August but wonder whether there is something more sinister at work here and that Colin is actually being controlled by an evil third party. Where’s Detective Frank Drebin when you need him?
Xtract Resources (XTR) can’t help itself. In a carbon copy of the manoeuvre back in February earlier this year, it has announced a placing at a shockingly low price just as some positive sentiment was returning around the potential alluvials revenue. Let’s take a closer look.
I thought I would pause before commenting on yesterday’s RNS from Xtract Resources (XTR) relating to the Manica alluvials as I felt it was odds-on that more dilution would come from one source or another following the ramping off the back of it. Surprise, surprise, Yorkville cashed in and announced a loan note conversion today, but let’s take a closer look at the announcements in any event.
In this video from the storming success that was the 2017 UK Investor Show, Colin Bird, Executive Chairman of Xtract Resources (XTR), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Yesterday, we asked you to caption a photo that YouTube chose for our video of Galileo Resources (GLR) at the UK Investor Show which caught Colin Bird, also of Jubilee Platinum (JLP) and Xtract Resources (XTR), in a particularly animated pose. The quality was high, but the winner of the Caption Contest is:
Just catching up with an after-hours RNS from Xtract Resources (XTR) on Wednesday and although I was hoping for an update on how it is going to finance Manica, it was in fact just more dilution taking the total number of shares to over 34 billion…..with more to come...
Hallelujah! Xtract Resources (XTR) finally managed to issue the long-awaited DFS at 4.23pm on 28 February. It’s taken me a bit of time to comment on it as I’ve been scratching my head thinking to myself: “Is that it? Is there a page missing? What now?”
I started writing this article on Xtract Resources (XTR) yesterday morning and was going to comment on how sentiment was turning and Colin Bird’s straightforward approach in recent RNS’s was to be applauded and then – WHAM - a placing RNS from hell and I’ve had to rewrite the whole piece. Thanks Colin!
Further to my last piece two weeks ago HERE on the cash challenges facing Xtract Resources, it announced a ‘keep the lights on’ placing of £220,000 on 21 December pending the authorisation of 9 billon shares at yesterday’s general meeting. All as expected but where, oh where is the goddamn BFS (or DFS or whatever Colin wants to call it)? As yet another deadline is missed, I thought I would provide a helpful overview of the quest for the mining equivalent of the Holy Grail.
Earlier this week, Xtract Resources (XTR) announced an upcoming EGM to authorise the issuance of a further 9 billion shares, a mere 50% of the current share capital! Sounds like a lot but one needs to have a look again at the last heavily dilutive funding round in November to ascertain whether this is actually going to help.
I was starting to warm to Colin Bird at Xtract Resources (XTR) with his decisive action and straight-talking, although today’s hugely disappointing funding RNS which needs about five reads and three espressos to understand leaves me feeling cold, although I’m guessing Beaufort Securities and Beaumont Cornish should shoulder some of the blame.
There are two statements out today from Xtract Resources (XTR) and neither can be viewed in any way as good news. We own these shares thanks to Dragons Den choices by Steve Moore & Gary Newman at UK Investor 2016, and today's admissions prompt me to start filling in P45s for both those writers.
Xtract Resources (XTR) reminds me of someone after a massive night out, no doubt drunk on the promises of Jan Nelson, being held upright by the more sensible friend, Colin Bird, as it stumbles from pillar to post on the way home, desperately close to falling in the busy road.
Not a great surprise for any seasoned observer but yet another disappointing RNS from Xtract Resources (XTR) this morning. Surely it is time now for Jan Nelson to hang up his mining helmet and head off into the sunset….well, to a new role at MTI anyway.
Just when the long-suffering shareholders of Xtract Resources (XTR) thought things couldn’t get any worse, they’ve been absolutely stunned by this morning’s RNS. Well, they say it’s good to get all the bad news out at once, right? Let’s take a look at it in detail.
I’ve been a bit harsh on Jan Nelson, the CEO of Xtract Resources (XTR) on a few occasions but, to give him credit, he tried to do the right thing at yesterday’s shareholder presentation and actually tell the truth. Unfortunately, the truth ended up being price sensitive information for a very select audience and the shares should have been suspended as a result.
One of my first pieces on this site back in January (HERE) highlighted the clear discrepancy between the half-year results of Xtract Resources (XTR) and all the ramping RNS’s beforehand. Despite assurances to the contrary, it appears that some things never change. Xtract announced its full year results yesterday and the revenue for the full year was £350,000.
Feeling a bit sad writing this having read the RNS issued by Xtract Resources (XTR) last week about the disposal of the Manica project to Nexus and MTI for $17.5 million. I feel that I should pay my respects.
The second Dragon's Den session at UK Investor saw myself, Steve Moore & Gary Newman invest £1000 each. Our choice was Xtract Resources (XTR), Berkeley Energia (BKY) and BMR Mining (BMR). Watch for the claim made by Jan Nelson of Xtract.
Post one of the Dragon's Den session we appear to be the owner of shares in Xtract Resources (XTR), I blame Steve Moore & Gary Newman. Anyhow, here is Jan Nelson presenting at UK Investor Show.
At UK Investor Show we ran five Dragon's Den sessions where five CEOs each gave a five minute pitch and three Dragon's each picked one stock in which FIML invested £1,000 via our most excellent broker J Herbert Esq at European Wealth. And so £15,000 was invested on Tuesday Morning. Steve will track this portfolio over the year with each Dragon at liberty to place a sell order at any time. And so this is what we bought.
I was holding off from writing this piece until I had heard the podcast that Tom was planning with Jan Nelson but as that is taking as long to record as Xtract’s (XTR) assessment of Concordia, I thought I should go ahead and comment on last Wednesday’s, slightly underwhelming, RNS and presentation.
Update: Technology did not permit . I am on the case and we record at 2 PM GMT Friday. I will then record an interview with Jan Nelson of Xtract Resources (XTR) . I will endeavour to have it up and live by 3 PM Friday. At the risk of sounding like Comrade Jeremy Corbyn...
John Meyer of SP Angel this morning comments on Acacia Mining (ACA), Bellzone Mining (BZM), Finnaust (FAM), International Ferro Metals, (IFL), IronRidge Resources (IRR), Polymetal (POLY), W Resources (WRES), Weatherley International (WTI) and Xtract Resources (XTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Base Resources (BSE), Kefi Minerals (KEFI), Kibo Mining (KIBO) and Xtract Resources (XTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
As a new boy to this site I feel I should apologise. A couple of people commented on the fact that my article on Sunday on Xtract Resources (XTR) was only focussed on one relatively small part of the future value of this business, namely Chepica, and that it would have been more balanced if I had mentioned other parts of the business.
Featuring shares in Aminex (AEX), Amur Minerals (AMC), Jubilee Platinum (JLP), Reneuron (RENE), SolGold (SOLG) and Xtract Resources (XTR) with share price targets set for all stocks.
The first step in reviewing a business for potential investment starts with a review of the Board looking at track record, commitment and trust. There are countless examples of insufficient commitment by CEOs but I won’t focus on that here and instead will look at the issue of trust. If a business continues to under-promise and over-deliver, the share price will rerate significantly upwards over time but, unfortunately, the opposite is true, and that is much more prevalent on AIM. And this brings me to Xtract Resources (XTR), another stock promoted shamelessly by Zak Mir.
Featuring shares in Greatland Gold (GGP), Noricum Gold (NMG), Shanta Gold (SHG), Uranium Resources (URA), Xtract Resources (XTR) ands Zoo Digital (ZOO) with share price targets set for all six stocks.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in EKF Diagnostics, Paragon Entertainment and Xtract Resources setting target prices for all three stocks.
Featuring shares in Agriterra (AGTA), Dekeloil (DKL), MXC Capital (MXCP), Quadrise Fuels (QFI), W Resources (WRES), Xtract Resources (XTR), together with some share price targets.
Featuring shares in Armadale Capita (ACP)l, Concha (CHA), Iofina (IOF), Sula Iron & Gold (SULA), Sovereign Mines of Africa (SMA), Xtract Resources (XTR), together with some share price targets.
Featuring shares in Eland Oil & Gas (ELA), Imaginatik (IMTK), Plutus Powergen (PPG), Vast Resources (VAST) and Xtract Resources (XTR) with share price targets for all five stocks
Featuring shares of Camco Clean Energy (CCE), Quindell (QPP), Serica Energy (SQZ), Strat Aero (AERO), W Resources (WRES), Xtract Resources (XTR), together with some share price targets.
Shares in Xtract Resources (XTR) have fallen 20% to 0.24p today on the company’s disappointing interim results. Xtract has been one of the most hyped stocks of 2015, rising from a low of 0.07p to a high of 0.45p on 1 June. Following the inevitable pullback in advance of 29 June’s placement, the share price settled in a range of 0f 0.215p to 0.3p, only to start rallying again last week. Cynics might wonder whether this was a pre-results pump ahead of today’s dump. Certainly anyone who bought in at yesterday’s high of 0.324p is now nursing a hefty loss, within half a trading session. The question now is can Xtract regain its momentum?
Featuring shares in Formation Group (FRM), Independent Oil & Gas (IOG), Mediazest (MDZ), Powerhouse Energy (PHE), Sable Mining (SBLM), Xtract Resources (XTR) with share price targets for all five stocks.
Featuring the shares of Advanced Oncotherapy (AVO), Central Rand Gold (CRND), Great Western Mining (GWMO), Range Resources (RRL), Vast Resources (VAST), Xtract Resources (XTR), together with some share price targets.
Depressed gold at $1,092.45c (£700) an ounce and copper at below $2.40c a lb have yet to attract hordes of bargain hunters or contrarians, but AIM-quoted Xtract Resources (XTR) is keeping up the momentum in its quest to develop gold and copper opportunities across the globe. Chaired by entrepreneurial veteran Colin Bird, of Jubilee Platinum (JLP) and Tiger Resources, and steered by chief executive officer Jan Nelson, ex-boss of Pan African Resources, the company is characteristically trumpeting the discovery of a second high-grade reef system, ‘Reef System B’, at its Chepica gold and copper mine in Chile.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at Horizon Discovery (HZD), Michelmersh Brick Holdings (MBH), Xtract Resources (XTR)
Featuring Aminex (AEX), Landsdowne Oil & Gas (LOGP), Magnolia Petroleum (MAGP), Tern (TERN), Xtract Resources (XTR)
Featuring Cap-XX (CPX), Imaginatik (IMTK), Marechale Capital (MAC), Xtract Resources (XTR)
Featuring Frontera Resources (FRR), Mobilityone (MBO), Sirius Minerals (SXX), Valirx (VAL), XTR Resources (XTR)
Expansive and newly popular Xtract Resources (XTR) is poised to make another acquisition, this time of an as yet unnamed South African gold producer capable of delivering 60,000 oz. to 100,000 oz. a year, according to chief executive officer Jan Nelson. Shares in Xtract, highlighted here in April at 0.25p, have bounced from a barely-visible 12-month low of 0.07p to 0.41p, as the company has increased potential resources in and around its three-year Chepica copper and gold project in Chile, and Nelson, ex-boss of Pan African Resources, declares the proposed acquisition, which would involve issuing shares, could ‘seriously transform’ the IM-quoted company’, now valued at £26.25 million.
John Meyer of SP Angel this morning comments on Anglo American, Acacia Mining, Kefi Minerals, Wolf Minerals & Xtract Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Xtract Resources (XTR), the recently volatile AIM performer chaired by entrepreneurial veteran Colin Bird (also head of out-of-favour Jubilee Platinum) and boasting disparate copper and gold interests in South Africa and Chile, has moved to add to its African projects. The company has signed heads of agreement with a local copper explorer to investigate 182,000 tonnes of surface oxide material with a copper grade of 0.54% at the Concordia project in South Africa’s Northern Cape.
The 200 day moving average is traditionally the benchmark as far as determining the trend for stock or market. Therefore as far as Extract Energy is concerned at the moment, its first break of the 200 day line 2 years has to be regarded as a significant technical watershed.
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