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"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.
*************+anwjb3uxa6q5zja0
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.
I've only got 280k but at a 5p average, that, to me is a decent chunk of the kid's inheritance
Understood Andrew
3Card
I wasnt saying it was likely to happen. I was giving my views on why he's doing what he is re the "treasure hunts" approcah
I agree, I dont think its likely to happen...which is why he should stop it and focus on the boring stuff !
"At least 5% of the total voting rights of eligible members, or at least 100 members representing an average of at least GBP£100 each (GBP£10,000 collectively)."
5% of 856M = 43M
We easily have that number amongst our holding.
One possible approach would be to communicate to CB of our intentions prior to the AGM - which must not be that far away? 2 months? Even if its communicated via roast boys as no xtract emails are acknowledged.
If this warning doesnt work and progress not made then this issue it escalated. We must at least have 10% of company from TG and LSE combined.
That would be my approach. Final warning. Then action if no improvement.
We need a coordinated approach at the AGM all singing from the same hymn sheet as one.
Re "He wants to find another Kiwara before he leaves the stage and knows he hasnt got that long left. He's taking greater risks to deliver that big one."
Andrew, that was 14 years ago. His one and only success. He has grown richer since almost entirely at the expense of long suffering shareholders.
I would suggest there is a far greater chance of him retiring within the next 2 years than hitting another jackpot. But I live in hope.
Hope Q uint is not a swear word
think *****ain was freelance?
the project would still be managed, would assume jeremy reid is still in the position.
"At least let’s wait and see where BR sits first. Remember it’s an experienced geo management team that have been pulling the strings in oz."
I'm not so sure that team is still involved for XTR.
At least let’s wait and see where BR sits first. Remember it’s an experienced geo management team that have been pulling the strings in oz.
In all honesty, I was expecting another raise to see the last push at BR toward the AA option. To have announced they will not need one, pending results from production continually operating within its expected parameters I guess, so whilst it’s frustrating having to wait for results of ore sorting and other pre-concentration options. It can only help to allow time for more income to be banked.
It may point toward the thinking that the 5.6p and 8p warrants that are still active until end of October, the target prices are not ‘too far’ out of reach if a PR drive is planned with pre-concentration study, updated conceptual study with Q1&2 bankable cash. That’s a decent array of news.
Kakuyu is looking to be seeing a methodical process to show its feasibility, are clearly not just diving in.
But ultimately a progressive stream of new projects that fit the ‘description’ in their strategy for growth, are necessary for diversification, the future longevity and continual growth of the business.
Safeguarding the future of the business should always come first and foremost wether Colin bird is at the helm or not.
Gixxer some info from the web about getting a shareholder resolution on the vote at an AGM.
At least 5% of the total voting rights of eligible members, or at least 100 members representing an average of at least GBP£100 each (GBP£10,000 collectively).
So maybe 100 shareholders, or less if our holding adds to 5%, I think CB couldn't ignore that call. The XTR telegram group has over 200 member, and I think lots are disillusioned, even with the roast guys now.
Use telegram, set up a new board and share it on here.
Would any of you be interested in getting a group of us together to discuss where WE, as shareholders, want the company to go and what we want to do about Bird et al?
if there's enough SH interest, say, at least 50m in shares we can actually make ourselves heard.
If there is interest I can maybe set up a skype call before the AGM so we can get organised - Just can't go on like this!