The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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If it's tedious reading them, then what is it replying to them?
Steve, Amazing, you find the time to replay to any negative post and now you have the time to comment on others post and tell us what they were actually trying to say lol
Colin is an eternal optimist selling his company. He can say whatever he wants (within reason) in interviews. He cannot provide misleading information in an RNS. Read every word in every RNS and treat interviews as occasionally informative entertainment. Do research on the many external factors affecting the company. Become as informed as you can be about mining in general and the circumstances of XTR in particular. Make decisions based on that knowledge and take responsibility for your own decisions. The constant whining because you didn't do that is simply tedious.
Steve's back again. It was the CEO of our company saying these things I didn't invest because my postman told me about it!!
It is within Xtract’s control to offer AA a first right of refusal at any time. And that could be for 100% of Bushranger - plus possibly the other 3 Licences as well
I cannot convince myself of any good argument why Xtract would want to sell AA 80% rather than try and negotiate top dollar with AA for everything.
Maybe we don’t need to try and second guess the route to Decision to Mine. As with the exact wording of the buy back it keeps the BB discussion going in the lulls between RNS
Zero, is it my fault I don't regularly by the English dictionary since i bought xtract shares Because the words eminently, close, soon, death, thousand, lashes have all changed meaning. That must be my fault, I'll go research the dictionary again.
I think ZM is saying that time could be more profitably spent researching the company in which you are invested, than going on a forum, complaining and asking other people to do that work for you. For example, you asked about salaries. Just look at the company finances in the annual report:
https://xtractresources.com/wp-content/uploads/Xtract-AR2021.pdf
If you make investment decisions based on what someone says in an interview or on a forum, rather than doing your own research and reading the RNS in detail, then the consequences of those decisions rest entirely with you. Complaining about it won't change that.
Were not all those "its big Zak" interviews designed to encourage shareholders without 30 years exploration experience that there was money to be made with Bushranger ? Or were those interviews all hot air and over excitement ? Nobody plans to invest in over promise, but the point is, over promise is not perceived as such at the time.
Also can anyone on here actually give an exact answer to what it means? Probably not, it all seems to be 'this is my interpretation'.
Zero, that insult would work if I had to know what decision to mine was when I bought xtract shares! Unfortunately I bought them a long time before we had any investments in Australia.
Maybe when we start mining the moon and there is a new term used to describe decision to mine on the moon, I can then come and insult you for not knowing what it means.
Before any such work is to be started, to create even the initial groundwork to develop a site compound , it will require ecological and environmental impact studies to obtain permits, let alone a permit to mine.
A permit to mine, certainly will not be issued until after full detailed mine plans have been submitted. Detailed mine planning and engineering will not be carried out until after there is s ‘proven’ ore reserve and the means to provide capital expense.
There is not a requirement to break ground and show you are on the way to creating an open pit mine. That is just ridiculous.
It has been reported that he has said at the AGM (I believe) that there isn’t a need to show the capacity or ability to fund the capital required to support the DtM.
>> As far as I am concerned a Decision to Mine is presenting an verifiable model of an economical possibility of a mine
Yes, that is my understanding too. Its a specific term used in the Valmin code, which in turn is used for valuation purposes in the buyback agreement.
I have noticed in many cases that 'investors', a loose term for people that buy shares in any company, feel aggrieved that they don't fully understand what they have bought into and then expect it to be explained to them in layman's terms after the fact.
There are many gaps in my own knowledge with respect to resource exploration, but I regard that as my fault, or choice, to invest without the understanding that a 30 year career in mining might have helped with. Even so, a 30 year career in resource exploration in Chile may not have enlightened me about the peculiarly Ozzie term 'Decision to Mine'.
And for this reason I don't complain incessantly that the company I have invested in is failing to give me regular remedial lessons in knowledge that I should already maybe have sought out for myself before I chose to commit my own funds in the hope of making a return from that company's efforts.
You think Colin would come out and tell us exactly what it means, but he doesn't and he won't.
Best us mug punters are kept in the dark.
I think the confusingly named Decision to Mine is throwing us off a bit. And Colin in the past. His comments, a while back now, about commencing a mine as a part of making a Decision to Mine valid were wide of the mark in my opinion. A learning curve for all?
As far as I am concerned a Decision to Mine is presenting an verifiable model of an economical possibility of a mine. I don't think its like trying to validate your domestic planning permission by digging a few trenches to prove you've started work on the planned building work.
Can anyone validate this view?
How much salary has Colin taken since saying we would have an updated model around October 2021!!
So now we havnt hit the 2mt, we have to wait for decision to mine which I remember Colin saying would involve groundwork. So how much have we got in the bank to start the groundwork? At least it's only 11m to pay dirt. Didn't he say something about sinking a shaft?
How long will this all take?
What happend to selling in April/may?
I now know why Colin referred to bushranger as a massive inclined carrot lol
PRIME MINISTERS
Apparently a new PM Rota system has been introduced.
Its my turn to be PM on Tuesday 6 December 9am to 12 noon. I'm at the dentist that morning so if anyone can swap shifts with me it would be appreciated :)
NONE
How many priministers will we of had since Colin said we will get an updated model?
Lizzy off, whos next??
5. News that Joel has put the old MozGold plant up on Ebay...
4. Assays from 2 x Footrot drill holes
No doubt we should, however with the delays experienced to date I’d feel much better when it’s confirmed.
Without Manica coming online before YE I can see a small raise being required (my understanding is that the director cash forecasts are based on the assumption that Manica comes online pre 2023). Which in these markets would be less welcome than usual.
I won’t hold my breath for one of these so called news bombs but I will remain quietly confident of getting good XTR news one day