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It seems like he really is determined to dilute out all the long term shareholders.
Apologies for what?
He's talking about building a new plant and going to the bank for 5 million.....at these intrest rates?
He said hoping for good news at BR.
Looking to raise for new projects etc etc etc
Heard it all before, time and time again.
Asking for more patience!! Fck off!
Imho the good news was that he is going to continue to exploit FB value by building a flotation plant for the sulphides and transition ore. Orders should be in for that by end of the year....apparently.
So that should be built by 2026 (my time scale) if previous lead times are anything to go by !
Bad news is he's still looking at other small acquisitions - but nothing imminent.
Still no acceptance of any responsibility why the sp is so low. At least he didnt blame it on the war this time. That's the same war the saw the sp hit 7p 2 months after the war had started :)
Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
Xtr at 1 hr :13 mins
Apologies to Colin
Apparently everything is doing fine and all is looking great
I hope Colin hasn't been using Joel to move money out of XTR to benefit his other interests or other companies within his control.
But who has benefitted from Joel's accountancy ?
When the total XTR costs including staff and board remuneration are added up for all the years we have had Manica, have we seen any real profit ? Has anything been left for shareholders here when all the costs so far are included ?
80KG TO 100KG
Min 65kg stated in RNS so I believe that.
Thats min so we may get to 70kg. Typical CB with expectation management. That is not bad and should see £300K to £400K profit before tax a month.
But he was implying much more than that.
>>>The FB income won't be seen as great news when you compare it to our current expenses or 3 Million a year.
Operating costs across year 21 and 22 included £1.47m in ‘21 and £0.25m in ‘22, for those share options granted to employees and consultants. Also included were the costs impaired for Kalengwa @ £.32m in ‘21 and £.98m from eureka in ‘22.
‘23 should see a healthier balance sheet
There has been so much misdirection here I need a reset. Am I correct in saying Colin told us to expect 100kg per month gold for XTR share ?
Maybe CB can release updated revenue, expenses and profit to spell it out to the market.
The FB income won't be seen as great news when you compare it to our current expenses or 3 Million a year. We know it should be less now but the market doesn't.
"Truly hope AGM can be this month"
I hope so to but I wonder if cb will try and delay it for as long as possible hoping some good news can be found.
I would expect that to be re FB income??
Q1 results should be out this week. Maybe if they are very good he may use those as the 3 week AGM trigger? I doubt it though.
Q2 results should be at the min 65kg a month production as stated in last end of year results RNS. Knowing CBs MO, my best guess is that Q2 results are released earlier than 3 months end period, say in late august (2 months after end period) and then he calls AGM for mid sept off the back of good FB Q2 results with profit stated in RNS.
Truly hope AGM can be this month...
Or post it on the xtract telegram.
Can you try the link again, isn't working.
NG, think that was plan, using money from BR sale....
Hzap, how about xtr paying for the flotation circuit and getting our own royalty from mmp ? could work , mmp already have two royalty companies with them .
xtr telegram link.
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this chat group is only for those shg who are not happy with the way the bod is running the company and want to do something about it.
as a4444 has mentioned: "one possible approach would be to communicate to cb of our intentions prior to the agm"
therefore, this chat is intended for sh's to get coordinated and reach some sort of group agreement as a group ahead of the agm.
ideally, as a group, we will have at least 5% although i don't think this will be an issue.
This is clutching at straws ..., but Shareholding is updated on website as at 1 June 2023 from 8 Dec 2022.
After the fall in Nov / dec we know Alex Terry bought more. TR1 RNS
But he's bought another 4.25m from Jan to June, right when the sp was was falling and it looked bleak.
I was half expecting to see a TR1 at some point over last few months of big sells from him and reduced holding.
I will grasp on to any hope I can here atm, and because hes still adding I'll take that as some good news :)
Whether he's HNWI or institution , that must give us a little bit of confidence for the future??
Well, I did say it was clutching at straws :)
Could it be that Empress stump up and take a little more from MMP. Ms sherron confirmed recently a debt facility they have toward any developments of their royalty streams?
Do we know how the JV is structured for plant mods at fb?
HZ
They can do both if they are awash with cash and have done all that needs to be done on the main assets. But we have a lot more work to be done at FB to process sulphides and transition ore, exploration of area. We have more work at RC which will cost money.
When we are upto speed with that then by all means buy a few lottery tickets. But you dont buy lottery tickets before you have paid for more essential items and paid the bills!
Meant as a light hearted comment and not provocative btw
Can they not do both Andrew? After all the core business is split between being a gold producer and an exploration company. Should they stop the silliness and only concentrate on one or the other? Developing current assets whilst pursuing others is a normal approach for any explorer, and at the core of their key strategy for growing the business.