Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
Marvin
Polar star mining rather than Polo I think and which then merged with Iron Creek into Revelo Resources of which Colin Bird is also now a director. Hard to keep tabs on this guy. He is also a director of Tiger Resource Finance which also has a diminishing interest in XTR of 2.5 per cent and a chunk in Revelo.
Polar Star originally owned the Chepica mine hence their XTR shareholding when XTR purchased it.
Confused.com. I like XTR but I’d like to get a better grip on the comings and goings.