let see: 35 million to fund manica would be how many more shares here? 2, 3 or 4 billion more?
I preffer to see cash in hand and chepica working soon and producing... JAN we are still waiting for your double price in 6 months... tripple will be very difficult but at last give us shareholders 0,39/0.40p target
I can see both sides of the argument, the Market sees JN as too cavalier and exuberant (I do not) and the Market will only be reassured by hard facts and numbers such as completion of the BFS by end of June, sale of Manica and the nett revenue from said sale; and substantial nett profits from Chepeica. The Market needs to see quantifiable data not just predictions.
I think the same way you do and as for what has Mr.Jan Nelson done for Xtract Resources ........ well there is a small matter of a producing gold mine to consider but those who sold out and cherry pick RNS's fail to accept that . Then there's the case Mr.Jan Nelson took 50 million shares at 0.14p /share rather than take a salary when first joining XTR as CEO . These shares are still on the books of XTR but just because he hasn't claimed them some think he's not entitled to them ....... lol .... A divorce might have played a part in that or confidence in his ability to transform XTR from a shell of a company into a gold producer .
Whats this East Enders thingy that was mentioned ...... must have been before my time ...... new way of de-ramping a company posters aren't invested in no doubt ......... lol ....... all in all ........ if your not happy do what Draft did . " buy high sell low " me I'd rather hold until I know what all this extra money is going to be used for .
- Reporting on underground drilling results - New resource statement for the Chepica mine - Economics of tailings gold project - Update on re-negotiation of option payments for the mine - Update on status of lifting tailings dam wall
Completely disagree Scouser, will due respect. You don't add shareholder value by not doing your homework, thinking far enough ahead about things like funding required for your plan, and chopping in and out of investments like chocs in a choc box. He is not adding value and has peed many off once too often now, just look at the sp, it says it all. There might have been a few headless chicken PIs here yesterday but we have a headless chicken of a ceo. You don't do a complete u-turn on huge project like Manica that you've been after for years just because someone flashes what is net net a paultry amount of cash to give up the Alluvials and the main mine, AND decide to do that u-turn over the space of a few days.
Very very odd behaviour from JN imho. #rudderlessshipxtr
Saxon, You're telling me that he's done a good job?What possible evidence points towards this. All I see is massive dilution for no real gain. Even a gushing sycophant like you must have moments of clarity. This is a board of manipulators and simpletons. If you're not one, then you're the other.
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