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LMFAO ;)
Sounds as though the test material is being sent to Jubilees refinery at kabwe obvious links to Colin as he founded Jubilee and it now has over 600 employees in Zambia.They have recently started producing cobalt as well as copper from kabwe refinery mainly from third party ores as cobalt wasn't present in the tailings they had at that location, it would be interesting to see if cobalt is present in our material also.
I can see why THEHOTICKET is such and embittered ex Xtract holder and keeps trying to deramp this.
Looking at his posting history a few years ago, it looks like he lost a lot of money here and just can;t let it go. What must make it worse for him is that he knows that if he hadnt sold out, prior to the 8p bushranger spike, he would have no doubt been in profit !
Ouch!!
THEHOTTICKET
Posted in: CLNR
Price: 2.25
RE: Apols for asking....08 Jun 2018 08:30
Yes but still down overall some £50 k even taking into account the 17k gain here and £24k gain on Solomon Gold that had I held would have made some £450k
Getting hammered big on BRD and XTR
THEHOTTICKET
Posted in: CLNR
Price: 3.675
30 May 2018 15:08
Am in profit some 22k.
every penny is ?20k for me
30 May 2018 15:09
But only compensating for the XTR loss I am sitting on so still nedd this to hit 5p then all my aim losses recovered .
Let me make this even more clear THT
Firstly, do you really not understand the fundamental principles of small cap exploration mining? Most small caps in the sector have to focus on only one project to build on in the hope one day it will be taken on by a bigger company. Generally without the luxury of having any form of revenue stream to fund development. So fund raising is a necessary part of that progression. It’s not until the development stage of a company is reached where it no longer is required to further dilute its shares in issue as it has the ability to self fund its activities and then grow in size with scale of projects. How do you think the mid caps and majors got where they are today?
Xtract has a long way to go still, but the rewards for BOD will be far greater in the long run to grow the company. And shareholders will subsequently benefit from a higher market cap.
Sorry if I’m being patronising but you appear to come across as being very naive with a totally blinkered view THEHOTTICKET.
Of course you are welcome to your opinion as anyone.
ROGGY hope you are well fella and you get a decent return at some point soon
2 possibly 4 sq km, and what grades, that is the real question at the moment, fact 250 tons delivered for processing suggests something IS actually happening. Cannot grumble, this sort of project is the companies, stated, way to go, some will prove better than others.
This is good news in my book.
Let me make this totally clear .
No one is looking to take this minuscule PROVEN find to production .Bird buys with your hard earned cash .He is truly The Master of Disaster .
There will one day be a Netflix movie or documentary on his fantasies that you all get sucked into . Perfect roll for Danny De Vito to play .
If you are referring to Kakuyu cela. There is already a stockpile of ore on the run of mine pad which is being sorted for better grade control so ready to go for processing when sampling results for compatibility are back and after a deal is then struck with a nearby processing plant.
Initial payback of expenditure firstly with further developments to follow under the JV deal structure.
"unless you produce it I’m afraid it all means nothing catching a cycle is what we do not want to miss"
We don't need to produce at Bushranger (and wont as we wont be mining it) but the higher POC the better the buy-out price.
This Copper cycle is not going to last a couple of years. If we miss this copper cycle then CB will probably be well into his 90s :)
Let’s hope Colin can fast track this to production it’s all very well saying how short the world is for copper but unless you produce it I’m afraid it all means nothing catching a cycle is what we do not want to miss months go by then years then that opportunity disappears.
"The authors of a 2021 report, Goehring & Rozencwajg, contend that even with prices above $10,000 per tonne, reserves cannot keep growing, specifically at porphyry deposits, where most copper is mined.
Their analysis also suggests that we are quickly approaching the lower limits of cut-off grades, concluding that we are nearing the point where reserves cannot be grown at all. In other words, peak copper.
The industry can no longer re-classify itself out of its problem. Billions and billions of dollars need to be invested in the exploration for, and development of new copper mines.
In sum, the copper industry is in the grips of a structural supply deficit that, combined with inflationary cost pressures and a creeping resource nationalism in some of the world’s largest copper producers, is only expected to get worse.
Global shortages of the metal could reach 8 million tonnes by 2032, as soaring demand fails to be matched by new copper mines. The rate of supply increases required, is equivalent to building eight copper mines the size of Escondida, the largest in the world, per year, for the next eight years. That’s insane."
https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/
ZM - It is just a shame they didn't repeat the second paragraph you quote from the 15th Dec RNS in this one. Many investors won't remember what was said or go back through old RNS's. AIM investors are always wary of dilution and therefore the message needs to be repeated regularly or speculation about a pending placing is inevitable.
It is a shame CB hasn't employed a comm's professional to manage the messaging across all of his companies. A small cost per company but it would help to avoid PR blunders or missing PR opportunities and therefore look after the SP better. There was no need for the SP to take a hit on this news.
Dibs - I’m just wondering in what form your guarantee is going to take, as I may take you up on your offer. What are you offering?
Looks like games as spread has been 10%. Wouldn't suprised if we see a late trade reported. Theres no panic, just too much for average investor & MM to digest and realise the potential. Now we know why CB topped up himself.
Looks like there are several who are scared the price may go up too soon?
And Yes there most certainly IS a placing on the way! I guarantee it.
Don’t let talk of ‘JV’s’ put you off the scent. ;)
"Even for XTR a fall of over 4% in the sp does seem overdone as a response to a positive RNS!"
The drop was caused by a sell of 500,000 which took out one or two MMs who were offering the opening bid price of 2.1p. That is how it works. If we get some buying the SP may creep back up for the same reason ... buying what MMs are offering at 2.2p and they will relist their offers a little higher. Without volume the movements mean very little.
And, as if by magic, Birdy presents another juicy jar of jam tomorrow folks! Oh my goodness you have to hand it to him. Lounging back in his armchair somewhere in the lifestyle Arab state he resides in, cigar in hand….Rinse, repeat, easy.
You beat me to it Howezap. Here is a snippet ...
"Xtract has undertaken to prepare internally as soon as possible a project feasibility study providing guidance on the potential of the Kakuyu Project along with estimations of the extent of planned future exploration.
Xtract will fund its commitments pursuant to the Agreement from existing resources and cash flow from its existing projects."
Sometimes I think the placing fanatics just like to type the word placing as they feel it makes them sound wise. Sadly some people fall for it. The RNS on Dec 15 was not ambiguous, and today's RNS was equally informative and consistent with the statements in the Dec 15 one.
Bird is master of disaster . Don’t get sucked in .
New drilling ? Money needed ? New placing = NO
Read agreement 15th Dec
New drilling = Money needed= New placing ?
Even for XTR a fall of over 4% in the sp does seem overdone as a response to a positive RNS!
There’s the reason for increase over the last few days. Obviously will need to read RNS several times to understand the impact of increased life of project to 5 years etc.
Nice to see are not one trick pony and relying on one asset!!!
>>Let’s test it . Send money once share price gets to 3.5 and issue at 2.75 .?Need more remuneration .
At least make an effort to read the the JV agreement and understand how initial financing is structured.
To say CB is happy with progress at Kakuyu is an understatement. To go from a projected couple of year initial run to considerations of a processing plant as LOM is looking positive on early analysis to extend beyond 5 years is very reassuring for this new JV partnership and the project.
They have certainly been busy.
Good job