The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Can anyone see a figure in $ what XTR have received in actual cash ?
23% of the profit is ??
It's so very obvious that this VERY recent poster is a company stooge.
Quite unbelievable how they write as if they have been here for years.
"Ere OSV, put som,at about how the company is on a firm footing and 'ow they should all trust in me, er trust in CB!
"yes master"
In CB we trust. Time for the doubters to believe in the story.
The company has been put on a firm footing and is now able to move forwards delivering shareholder value. Wonderful results I might add.
Very approx 4 to 5m usd - not gbp - I should have said
Hopefully now the bashers will retreat into their hiding holes. A lot of hard work by the board is now being delivered to shareholders as real value.
I'm at least pleased with this RNS, closer to very pleased even.. and the figures he talked about in in the recent podcast has now been confirmed in RNS (including vetting by Nomad)
The future looks very bright for Manica revenue for xtr .. eg very approx 4 to 5m gbp pa to xtr for years to come.. with potential for that to be grown out further too... and this makes the current s/p just too low by most any definition imho..
(I absolutely do not believe this s/p should be under 2p now)
Hi James,
True, forgot about that, was just running with what was in front of me. Still over £0.55m for the rainy season. Then with the ramp up we should be at maybe £0.8-£1m in Q2.
J
Hi jamr
Don’t forget there are production taxes and op costs (salaries and resettlement costs) to offset from the alluvials which aren’t stated here like previous prod updates. I’d guess XTR netter maybe 100k from this
Cheers
James
Just happy to see any profit at this stage and more to come by the look of it.
Add on the other Manica projects 183oz * $1812 = $0.3m or £0.225m
So all in Q1 was about £0.65m into the coffers, not too bad for rainy season.
Art
Revenue: 4,522 * 1,859= $8.4m
Production tax: $8.4m * 6% = $0.5m
Op Costs: 4,522 * 1,185 = 5.4m
Pre tax profit: 8.4-0.5-5.4 = $2.5m
XTR share: $2.5m * 23% = $0.6m or around £0.45m pre tax profit
I’m not 100% sure that production taxes aren’t included in stated cost per Oz, but think it’s better to be conservative.
Cheers
James
Ma, if the results are stratospheric, as you maintain, why do you think that there is a possibility of the share price going down?
My Rough calcs suggest fairbride gold production at 23% grossed Xtract $1.933 mil. After costs net revenue will be half of that so around $1 mil not bad but the miner they sold 77% of the mine to will be more happy than Xtract, still not bad result but don’t think so will move much, long term holder btw
So what exactly is the revenue that XTr gets? They receive 23% of the net profit for Fairbride production. This RNS gives us the money received for selling the circa 66Kg per month, but it doesn’t detail the cost of production, so it’s impossible from this RNS to work out the net profit, and hence XTR’s 23% share. Or have I got this wrong, Ma?
Can anyone work out what these production figures mean for XTR in hard cash. Despite an abundance of figures these seem to be the only ones that are missing. Cheers in advance.
Looks good to me.
I was thinking exactly the same Ntmu.
Is OldSchoolView Alastair Ford in disguise ? (nothing else has worked to justify the salary.. a 'tricky' for CB AGM is coming, so worth a try is perhaps the thinking .... but I'm going to open in offering that I'm thinking that this won't work either.. but fair play for trying :-))
This from one of the resident bashers.
***** Be careful or you won't be here long ! *****
There for all to see that they are just ignorant bullies !
That decision to mine is more important currently than obtaining a new increased tonnage for the JORC resource.
Butlerman. A decision to mine is what the board see fit to pursue. I for one am more than happy we have them working hard on our behalf to monetise Bushranger.
We have a basher who by his own admission has been here YEARS ! Something not quite right there. If you are not happy with your investment why are you even still here after YEARS ???
Oh no Ma's been on the marching powder.
A simple question for some.Would you keep,double up or get shot of all your
Tesla shares if CB by some fortuitous way became CEO of the company? Successful companies have good products AND successful management that's not happening at xtr. I speak for myself but if I could only get my monies out I'll do it in an instant. Being 90% down I just wait and deramp. It's my right, but I truly wish someone,sometimes in the distant future makes a mint out of XTR.