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The problematic task of actually coming clean that there wont be any meaningful revenue from Manica was maybe given to Mr Ford ? Or is it that he meant that any revenue will be spent on developing the Ozzy thing so that we still wont be profitable. Can there be a lift in SP to demonstrate shareholder value without revenue contributing to profitability ? I hope I'm wrong but i dont think there can be. Im concerned now that just when we thought we would see some profit generating revenue to lift the SP we are being positioned right back into exploration share placement diluting territory. We do need clarification. No reply from XTR to my query btw...
Happy to be a sounding board / back your group if you need a bit of extra clout (when I agree with your stance), however I don't have time to do the organising.. I've been a part of these sorts of groups before and to be honest, have found that I better use my time when I'm not in them (without any offence intended towards anyone, more at how useful I find these types of communities).
So that's approximately 7% already from just a few people. I think 20% would easily be hit. We would need someone to spearhead the group, someone with good knowledge of the company. I must admit I know a fair bit but there is people with a lot more knowledge than I. Any volunteers?
I'm completely in agreement. Awful interview, Alastair Ford comes across as though he hasn't even bothered to do some basic research into the company where he's been made a non-exec director.
Andrew4444 "I suspect those long suffering xtract shareholders have a better understanding of the prospects here then our new non-exec director. Maybe that's why there has been very few sells so far?" - Nail on the head.
Circa £4-£6m expected cashflow (per annum) from the FB hard rock project off the back of our 23% as per the collaboration agreement, income from alluvials as per and the other projects we're expecting to progress with the potential for income in the not too distant future from as per guidance from CB. For a company that's currently valued at £6m. Zero perspective was given on this via that interview.
If we were a mid cap £200m company then he'd be right, the levels of income we're talking about aren't exactly much if we were comparing them to that valuation. However, when we're a £6m company looking to make more than our Mcap per year then perhaps downplaying the cashflow as "not huge" isn't exactly right. I'd suggest that tacking on that kind of income, yearly, for a company of our size, is in fact huge.
AF does his best to come across as clueless as to the projects that are on the table and wilfully ignoring any kind of perspective on current company valuation vs revenue. In my view, AF has been brought in to appeal to the city boys as we tack on cashflow and gain in size, however he needs to keep in mind that at the moment we are a very small cap company and that the projects that are about to take off and the income they will provide are game changing for us - and importantly, for the loyal long term holders - have been a long time coming.
CB should be embarrassed for letting him speak on behalf of the company before actually understanding the operations - at least in terms of what they mean to us - I could have given a better interview on what's expected from our projects without even having my notes in front of me, let alone being given time to prepare.
I own 1% of this company, and after hearing that interview this morning, a message to you CB: Count me as one very peeved shareholder off the back of that.
Trying not to make a snap judgement on AF in that I don't really know his work - but my initial thought off the back of this interview is that if we're not making "huge" enough cashflow, as he thinks, then perhaps we could look at trimming overheads... I can certainly think of one wage I'd be happy (based on performance so far) to do without.
Well so far, and surprisingly, there has been no damage to the sp. I was expecting a large fall this am after that AF interview.
I suspect those long suffering xtract shareholders have a better understanding of the prospects here then our new non-exec director. Maybe that's why there has been very few sells so far?
Unless CB was coming out with blatant lies to TW over a number of interviews (I'm sure he wasnt), we will be getting a substantial increase in income by early 2021 and therefore the sp will rise accordingly.
Am not expecting any Fair Bride news any time soon TBH. Covid seems to be doing a pretty good job ensuring an enduring lock-down there.
However Q2 alluvial results should now be due and that will at least include an update on any improvement made to production by the spares delivered in May.
Also no reason why the new alluvials and hard rock contracts can't be signed in preparation for a return to normality? Then there is Kalengwa- apparently all the required equipment is already available so no border problems - I have said for a while now this could be a wild card in the XTR portfolio and with the increasing price of copper it could be played sooner than many think.
So quite a lot to look forward to, despite 'unprecedented times'
Yep this will re rate when the mining equipment arrives on site,either from SA or China to a lesser extent as until then no more Gold. CB needs that equipment on site asap as we'll have to start the other projects The re rate could the other way to supply the cash
If CB gets a twitter account, he should employ Oilplayer2009 from twitter to ramp this. He's doing an excellent job! Wish he'd post on here...
Maybe this hasnt re-rated yet because of CB's many failed predictions. 'Believe it when I see it' - could now be the view of many.
I agree with your last comment, ..... only a matter of time before this re-rates. That's why I'm relaxed about the future and am not concerned about xtract being a bit slow to catch-up with other juniors. .....We will when the mine construction starts.
Bird said in the recent Winnifrith podcast the the Aussie shares have not been issued yet.
I am simply staggered this is still sitting around current levels when just about every gold junior has strongly re-rated, more-so given the expected revenue stream. I can only put this down poor PR, I asked Bird why they do not have a Twitter account, he replied that he thinks it breaks regulations, this is not the case, he is either confused or ignorant of the situation.
The regulator did crack down on a number of private chat areas where, would you believe, certain CEO's were giving commentary to a select few, this is not the same as Xtract having a company Twitter account which is publicly accessible.
I hope the appointment of Alastair Ford will change the PR situation, I pointed out to Bird that Twitter is now the main chatterbox of the retail investor, many of those are HNW's, it only takes a few to get behind a stock like this and you could see a major re-rate.
I believe it is only a matter of time before this joins the re-rate party.
As the Oz deal will result in an additional member on our board it is highly unlikely that member of our board would want to found out to be, effectively, shorting the company so I think the Oz shares, when issued, will be in safe hands.
Aye, looks like KPZ offloading a few more...think the allowable was 20% in the first 6-12 months? - The Oz deal has not been signed off by the government yet, I think CB said mid Aug, so I doubt it's them forward selling...
Its going to be difficult for the SP to gain any traction with what seems to be a steady supply of offloads once again. No doubt the shares that have been issued for the Zambia and Oz ventures will be a drag on the SP.
23% with POG $1250 + so no more % if POG goes to the moon - just more profits.
'MMP will receive 77% of all the operating profit produced from the permitted area through the performance of the contract by MMP when the prevailing price of Gold is greater than US$1,250 per ounce. MMP's entitlement shall be increased to 78.5% at a prevailing Gold price greater than US$1,175, and to 80% when the prevailing price of Gold is less than US$1,100per ounce. For the purposes of the Collaboration Agreement,'