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I'm sticking by my previous calcs that we will be getting 23% of a 40% margin of FB.
So at 80KG a month that will give us circa £350K clear profit. Not as much as some have said (sorry Dani) but I think thats realistic.
So q3 1136 oz from FB gives Xtract 104 oz = $188K profit = circa $62K profit = circa £50K profit. Low as low grade ore being processed in first few months.
Will keep increasing each month but will take a few months before all issues sorted and up to full capacity.
So all the news we were waiting for is out now. I wonder if Bird will buy shares on the open market now (Kev, of Roast fame, mentioned Bird did want to buy a few months back )
My biggest surprise was no spin on how quickly it is ramping up. We have a good idea from Empress public info.
Looks like 62kg produced in Oct by my reckoning.
Statement by Empress "MMP has advised that the Company has earned royalty revenues of $185,800 in respect of the Manica gold mine from commencement of production in July 2022 up to and including October 31, 2022"
$185000@3.375%@$1750 per oz =3132 troy oz = c97kg cumulative gold produced to 31 Oct.
Looks like Alluvials is running down as CB stated at AGM, but good news is that small HR deposits at Guy Fawkes and Boa Esperanza are ramping up.
FB may take a few more months to be at full production but production will no doubt keep increasing.
XTR IS the Explorator.
How much is XTR's cut from those Explorator figures ?
Price down
Before xmas I would have been happy with 10p but I agree with Ntm that 5p seems a high end target now.
Good production figures imho
Nope, cant live with that needs to be 10p plus
I've found generally in this game that it's not as bad as you might think and not as good as you might think .. so somewhere mid groundish between the gloom and the glee might be a reasonable target here in my mind.. so somewhere in the 3 to 5p range for xtr in the coming months for eg
No.. Can you?
i did think maybe Colin might have snuck a couple of aces up his sleeve lol
"as it seems all our cards have been played and the winnings pot is empty"
Two cards left to play yet imho are FB income card and the result of financial model.
With POG and POC increasing and expected to go higher this year, they maybe a pair of Aces :)
Looking more and more that Colin's deals don't work in the interests of shareholders. Apart from us mugs still holding there doesn't seem to be any interest, certainly not enough to provide the volume of buying that will be needed to give any meaningful lift to the SP. Maybe a small lift if the long awaited FB revenue is anywhere near the higher end of some expectations but the continued decline in SP tells my head that wont be the case. Not sure where a needed spike will come from now either, as it seems all our cards have been played and the winnings pot is empty.
Fosters
You made that post 5 mins in the future at 12.45
Can you tell how this plays out :)
Depression is setting in
The king is naked said the little boy !
This has now halved in barely 30 days trading - can anyone recall the presentation event in London back in October 2021 where Colin suggested the share price of only 5p was ridiculous and thought it should be far higher - oh well.
The RSI has remained hideously oversold for a very long time now, that is rare, something has to give, where are the bargain hunters that usually storm into Xtract looking for a quick 20%/30% ?
I have been practising my copy and paste skills and hitting the chocolate digestives again ;)
https://www.antaresmetals.com/projects
Lucky. Fri 10:44
>>Colin was saying something about the cost to process is now down to about $10 per tonne.?At 0.1 cut off you are breaking even.?Better to process the ore and break even than spend $5 to remove waste and dump it. <<
For MRE reporting, cut off grades tend to be rounded up to ensure that material with no economic significance is included in the resource. Which means with a COG of 0.1%Cu, material of that minimum grade will be profitable!
Give it a rest kwak, but congratulations anyway, you have just highlighted the typical business model of most fledgling, small cap, junior exploration miners which usually, often throw all their energy and resources behind maybe a couple or usually, just one project. Without any regular income stream which is typical of most juniors, share dilution through allocation of new shares is harsh reality in what is, the most risky sector to fund these growth opportunities to advance a project, so is all the more important, for the future of that business.
With Xtract, the production side of the business is maturing to the point that it will potentially now pay for further exploration, along with its partners to also increase ‘current’ mineral reserves and plant capacity. Without the ‘eventual’, or need for further placings the company has great potential to now grow, under its current strategy.
Observers must simply ignore Kwadoku’s share price examples as they do not take into account current market capitalisation, any share dilution including value of assets acquired in that time and the obvious economic downturn.
"Colin Bird has pulled another blinder "
Not for his benefit he hasnt.
His recent buys:
23-Aug-21 Buy Colin Bird 3.50 2,054,700
19-Apr-21 Buy Colin Bird 5.70 1,000,000
25-Feb-21 Buy Colin Bird 5.84 1,000,000
£185K buys with £115K paper loss at current SP
Also 27M share options with 20M at a higher strike price than current sp
CB is probably more under water than 99% of shareholders and will gain more than most by getting the sp higher and therefore has a great incentive to ensure this happens.
Colin Bird has pulled another blinder with XTR- ramp---> raise money (which funds his expat lifestyle)--->ramp some more--->market wakes up--->SP decreases--->silence from CB till he comes up with his next ramp.
My advice for anyone- wait till his next ramp and try and exit at the spike. For those who got in near the 8.5 peak- forget about ever getting that money back. It should be about damage control for you guys.
The problem is that in each cycle- you get more and more dilution which is why all his companies have a crazy amount of issued shares. One thing that does not get diluted is the money he squeezes out for himself each year.
It is a transfer of money from 'poor' tax-paying private investors to a wealthy individual who is based in a tax-free jurisdiction.
Colin Bird’s AIM record (as of Jan 23):
Time he became CEO of BZT- SP 0.5….now 0.08
Time he became CEO of XTR- SP 10...now 1.8
Time he became CEO of Galileo 7.38...now 1.3
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times