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Demanding for your statements to be factual instead of intentionally misleading isn't exactly a big ask.
You are absolutely entitled to have your say, just expect to be called out on it when you post nonsense.
Jdau thou I haven't posted I've held for years ,get out of Colin's backside for godsake, I've got my views and diluting my holding by 20%,I think I can have my say as you do. Who know how long this deal could still have been on the table you don't for sure.they were in a cash poor situation,us on the brink of massively increasing mcap with current projects..they had nothing and the terms the samebut share price hopefully double so giving 10% of the company or maybe 5%, they won't hold the shares and you know it, the deal is poor imo dimly due to timing
Thanks for posting the link. It seems as though Colin does read the board and comments on previous post regarding the amount of gold percentage. I do remember that post but cannot remember by who!
It is nice to know he reads our posts and hopefully takes in some of our views.
The hard rock mine build is now depending on the boarder opening so we will need to keep an eye out for any news on that opening. Hopefully this won't delay us too long but at the moment there is nothing we can do but wait for the boarder opening to crack on with the plant build.
I don't know how long the plant build will take but I assume 3 months minimum, add on the boarder delay and the revenue isn't likely to arrive till October/November.
Thanks for posting that H50, good interview by Colin there, gives a little more detail / his thoughts on the project, funny how the interview echoes exactly what I was saying yesterday about CB having Manica cash flow being sorted and thus wanting to get on with other projects to push the company forward.
Well done Colin, looking forward to your next announcement(s).
Blueballsnall - it seems like you've turned up pretty recently out of the blue saying basically anything you can to try and give a negative slant on the company, I've already had to correct you several times due to you misrepresenting (imo intentionally) what was said in the RNS.
Now you're chastising the head of a copper-gold company for having a desire to find more copper?!?
Get a grip.
Plenty of long-termers here Andrew might say Mr Bird went into that casino with £50k and has taken that a fair ways towards nowt so far... but is still hoping to bet his way back to champion !
In fairness, I'm impressed that this s/p has held up well today.
Generally, even if Fairbride 'ard go live does run a 'bit late' and he feels he has to do a raise in say a few months time to for eg progress some of these copper plays, then as long as it's 1.25p or above I wouldn't be too concerned, in truth.. ( a raise done at 1p or under for eg would be a bit of a mare though )
Having sold some more yesterday, my position is properly small here now.. indeed I'm even feeling a touch of the 'daft wazzock' for selling so many now.....so I expect I will, at some stage, one way or other, grow my bet back out here...for the rest of you long suffering holders I hope that sees me paying 1.50p + as opposed to a 'ell fire 1p+ to do that.
Another good performance from CB. very direct again and makes a lot of sense providing he is right and Manica is at the stage where it will look after itself and give good income... Looks like the plan is to get the tonnage up in Autralia then sell back 80% at a big profit. We will see.
Yep I've learned over 2years plus that to CB it is a game,it's not about share holders,this is not about putting money in shareholders pockets, it's about Mr Bird and his insatiable desire for copper(not chips),when there's a goose ready to lay golden eggs for him..well 80% for him now. He doesn't seem to want adulation from sh but from the mining community in general
Bird on V.O.X
markets.co.uk/articles/xtract-aquire-copper-gold-project-eastinco-mining-update-and-glen-goodman-goes-long-bitcoin-9e1b7d7
Thinking about again, may be I'm wrong with my last comment.
If you're gambling with others peoples money then it may make sense to keep placing more bets !
Hi James
I agree. CB has gambled 20% of Xtr betting he can increase value by more than 20% with new acquition. Greater risk for hopefully, greater reward. If this high risk strategy goes wrong he wont be increasing shareholder value but reducing it.
The analogy is, if CB was at the casino and had made £100 into a £1000. But kept gambling, trying then to make the £1K into £10K. If successful he's try and make it £50K.
There are times when cashing in your winnings is a better risk/reward strategy then keep placing more bets.
Unless Ian continually cashes in his new found riches,but he knows the shares are a multi bagger so he wouldn't would he.
Hi CE
Not sure we can be almost certain it will add value for XTR shareholders, in effect we have given up approximately 20% of Manica, Kalengwa & Eureka for this opportunity (on a per share basis). So Bushranger needs to be more valuable than what’s been given up for shareholder value to occur, and only time will tell if that’s the case.
Right now I’m finding it hard to be positive about this acquisition as an overal package.
Cheers
James
I doubt it LW,
Not much to digest really.
we have to accept that it is a very prospective acquisition bought at a bargain price from a very distressed seller that could not meet it's creditor payments without a £100K cash injection, so it will almost certainly add value for shareholders of XTR as we have the CIB and projected cashflow available to exploit the opportunity.
On the other hand, many of us believe that it is an unnecessary distraction at the moment when we are on the cusp of receiving significant income from the hard rock at Manica and that CB should be expending all his energy on getting the ball over the line.
If all the plays had already been put into motion to secure the hard rock income and nothing else could be done to expedite it then there would be no problem, but there are still contracts to be negotiated for a fair chunk of the hard rock license areas and therein lies the source of the doubt felt by many.
So, a good purchase that will add value, but maybe the timing of the acquisition could be better? The result, as we have seen, is an overall neutral RNS that makes very little difference to current sentiment and the SP.
No reason why the SP should not continue with it's re-rate, especially if CB can guarantee that this new acquisition will not change anything at Manica as the purchase, at any other time, would have been seen as a bit of a coup.
Is the market still trying to digest our ozzy acquisition ?