The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The "possibilities" given were circa 100kg + for FB. Im fairly sure 100 -120 Kg but I will try to find that podcast.
He definitely did not say 50-65kg a month which is what it looks like we will be getting.
What revenue xtr's bank account will see god only knows. Colin has not been transparent and the "he can do no wrong" crew on here know it.
Littlewing, this connects to the thread from yesterday that seems to have been removed , i have listened to all the podcasts that you and everyone else has, but i don't recall a single time when i was told what to expect , only possibilities .
I doubt very much the bashers would recognise clear guidance. And its Kakuyu. At least show some respect to the projects that have been acquired to provide value for genuine shareholders. Another clearly not invested here.
Colin must give clear guidance at the AGM as to what shareholders can expect now with BR. How can anyone invest here with the uncertainty of BR overriding anything else XTR does ? Kakyyeowee or whatever its called is all well and good but not what people will come to XTR to invest in. manica is now providing revenue at last which is good but it is NOT at the level we were told to expect. So some honesty at the AGM is required now.
MB, the conversation in the april podcast suggested that potentially in 12 months kakuyu income could match manica income and ergo XTR income could be equivalent to the present market cap .This is the only recollection i have of kakuyu income being mentioned . Happy to be corrected !
Where was this mentioned mb ?
FB is the absolute key to the successful sale of BR, it will fund more exploration if needed and it will make AA think twice about a decent offer if the story unfolds to our advantage.
The AGM is going to be interesting, as is waiting for the sweetener RNS.
Really fair point NtM is making, it must now be considered primary with its ability to bring in other assets, cover debt to develop plant extension and progress BR ‘toward’ a PFS.
BR could be a slow burn if AA pass with further drilling maybe done “sequentially, and not all at once” which could mean as funds become available. If that was the message received from last years AGM.
The importance of FB going forward should not be underestimated
Mr Jezzoo. I assume you are meaning to give guidance on the use of criticism ?
OSV "The bully bashers will not be too pleased with the wonderful results starting to come through. "
All shareholders will be pleased !
Critisism of the company doesn't mean not wanting the company to do well, of course it isn't.
Blind faith is stupidity, critisism where it's needed, praise when it's earned
As well as further Bushranger scoping Investment, further investment in Manica has also got to be a pretty core part of our short/medium term strategy, please.
There seems to be a lot of beyond Oxides / non refractory ore opportunities there.. And those sulphites/refractory ore generally opportunities now seem to readily justify the build out on the existing plant ...or a stand alone new plant even .. and instead of Xtr solely expecting to be taking part responsibility for a bank loan - gained off the back of existing Manica revenue - to fully cover their share of further plant build out, I propose that - something along the lines of - for every 1m USD that's ringfenced for Bushranger Development from here forward, 333k USD is in parallel ringfenced for xtr's share of costs of growing out Manica plant capabilities.
Generally, while I get that Bushranger could - might/hopefully - eventually be a complete game changer here, reciprocally, please could the here for Bushranger gang give - obviously now justified - more respect to Manica Gold project. I still believe you're absolutely not and I witness that this s/p has not rallied meaningfully recently as proof.
Seible offers: ''People who are selling at these prices must be insane IMHO''
(While I wouldn't word it as strongly as that, I did struggle to understand the selling here after our recent RNS, when this share was trying to start rallying back up.. )
I'd be keen to hear your response to Seible's comment please John Swan ?
Good work ma wish I could contribute further but you seem to have a good grasp.
Actual cash in bank to be confirmed in 6 months or so.
Who upset Andrew?
You know he can be a bit precious!
Sorry A.
Guy
Ma - OK, thanks
$700 is too low. I would suggest for operating costs use the statement from CB in the annual report on page 25
"Production has stepped up further since the balance sheet date with the plant processing approximately 40,000 tonnes
of ore per month. The new plant has proven reliable and is producing recoveries of around 88% from the oxide and
weathered transitional ore. The plant has C1 operating costs of approximately $800 per ounce"
Land tax is not related to with where the gold is sold. Selling gold in Dubai ensures a higher sale price per oz than when they were selling in Moz due to VAT. Last production report quoting average realised sale price per oz would indicate that gold is being sold in Dubai.
The cost of team on ground from Explorator is likely, my opinion, an additional cost to the $800 / oz. The last production report doesn't make this clear. I suggest this shold be explicitly asked at the AGM. I won't be at AGM but questions I would like to have asked around Mozambique and FB following the last quarterly production report are:
1. Now FB are achieving commercial production and even nameplate capacity has been reached. Are XTR receiving the $20k per month as per RNS when MMP were appointed ? Is this a separate income line which could be reported or is it netted off the production costs ? If separate income then disclosing this would be helpful in the next quarterly report.
2. The production cost quoted of $1185 / oz in last production report - is this inclusive of production tax or is this a separate cost which XTR as licence holder need to settle ? If it is a further cost above the $1185 then a footnote to explain this would be helpful in the next quarterly report.
3. In the annual report you indicated more recent C1 cost of $800 / oz now plant is processing 40k tonnes per month is this equivaleint to operating cost on which the profit share agreement is based ? Going forward is $800 / oz a reasonable assumption for shareholders to assume when considering investment potential of XTR ?
4. Do you still have an on the ground team in Moz ? If so are the costs of this team included in the $1185/oz or is this a separate cost as it is shared with alluvials and hard rock. If separate it would be helpful to continue to disclose the quarterly cost of this team as done pre Fairbride. Can they give an indiation of the cost per quarter of the team ?
The bully bashers will not be too pleased with the wonderful results starting to come through.
Well done MaBaker for putting the time and effort in to show how the real value is being accumulated.
Ma, just had a quick look. It's $1250 and not $1350 and varies once the gold price goes below that. The Agreement in May 2019 explains it better than l can.
Ma - bit late at night but are you sure ?. I thought it was 23% of profit after $1350 an ounce.
Thanks for the warning
Wink
See you at the AGM, we will see the substance then and it'll be bovine and smelly.
The video of interview with Empress's Global VP was actually released by Proactive Investors but Empress twitted about this update.
People who are selling at these prices must be insane IMHO. Empress just released update on Manica [pronounced correctly ManEEka]: "we continue to see gold increase month by month and plant is largely de-risked [...] and we are looking for additional growth throughout the end of the year" https://www.youtube.com/watch?v=OPYOHEVNh5w
Yes i know , low class :) , good opportunity for jezz to put a post up with some substance , lol
MB, can't really help you sorry , was hoping for something more geological ;) maybe zap ?
Within the Financial report of another of CB’s companies, he lists 15 “other” directorships. Just how much time does OSV think CB actually spends on not just the other companies but the many projects within each of those companies. At best, CB and his board, are “part timers” but paid handsomely into the bargain.