The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Definitely meant to post the link…
https://embeds.audioboom.com/posts/8125717/embed/v4
..out on V O X
With the way the market is right now I was pleased and surprised that yesterday's appreciable rise was not sold into later in the day. I take that to mean that the sp has reached a bottom and that buyers now know that that this can only realistically go north. With two sources of African income, Africa alone supports the current sp and Australia is effectively in the bag for free.
Empress interview on Manica Production:
https://youtu.be/lVf_yJUTZw4
Thank you antsquasher, the wording honestly threw me, a wood for the trees moment, thought I was going mad, I did say ‘is it me’
Thanks naughtygordie I got it now
And thank you Ella who had already suggested confusing the original agreement but I still couldn’t see it. Think I might have gold fever
links not working properly.
https://www.google.com/maps/place/Manica,+Mozambique/@-18.8653543,32.7868846,2910m/data=!3m1!1e3!4m5!3m4!1s0x192c97db33d9d3a3:0xb693b17dbcb3a211!8m2!3d-18.9438274!4d32.8648538
hzap ,https://www.google.com/maps/place/Manica,+Mozambique/@-18.8653543,32.7868846,2910m/data=!3m1!1e3!4m5!3m4!1s0x192c97db33d9d3a3:0xb693b17dbcb3a211!8m2!3d-18.9438274!4d32.8648538 . this is the beginning of the cil plant being built adjacent to the already existing ball mill and gravity circuit .
Thank you for replying again Ella
I’m not implying that there is an impact either way, there is no hidden agenda, quite simply trying to understand the announcement regarding plants in production and in planning. That is simply how I read it.
Hi Howezap
I'm not quite sure where a you are going with this? Can you please expand on how any assumptions could have either a positive or a detrimental impact on XTR's revenue (or any other impact)?
Reading once again still not sure.
Maybe some basics first,
>>MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession.
MMP reported to Empress that it is mining and processing the oxide and transitional ore at Fair Bride and other deposits on the Concession at its 42,000 tonnes per month processing plant which utilises a CIL process.
Are they building the leech plant at fairbride?
Where is their 42k tpm plant?
Hi Howezap,
Are you confusing the original agreement with the current state?
Hey Ella, it’s probably more my misunderstanding of where the processing of oxides and transitional ores are happening.
MMP have a 42000 tpm plant already where its being processed, but also states they are building a plant.
Could you kindly explain.
Is it me? Lol
Hi Howezap,
Can you please expand on how
'The last para is contrary to what Empress state on production ‘now’. From their update today'
MMP reported to Empress that it is mining and processing the oxide and transitional ore at Fair Bride and ‘other deposits’ on the Concession at its 42,000 tonnes per month processing plant which utilises a CIL process.
What is and how is that deal structured for Xtract on processing of oxides from its other assets? Empress just confirm that the 4 deposits that make up the concession, being FB, boa, GF and Dots and that MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession.
The last para is contrary to what Empress state on production ‘now’. From their update today
https://empressroyalty.com/site/assets/files/6280/emprnr2022-07_manicafirstgoldpour.pdf
Am I reading it wrong or am I completely missing something?
Oxides and transitional ore are being processed now, off site from Fairbride? MMP are building ‘another’ Leech plant?
N2M
The difference might also be down to terminology. Xtr has a contractual minimum commercial tpa. This will be lower than the full commercial tpa that empress are refering to. Colin often quoted figures, which I believe, are the minimum contract figures.
Maybe another way of putting it is mmp might have agreed a min of 150tpd to colin in order to get the contact to mine. They will make this figure by the end of aug. However full commercial production is 250tpd which they hope to ramp upto by dec. Maybe?
@mattyashy - Andmilsy is our primary source of PR. Bird went through a phase of posting the odd Tweet a few months back but it didn't last long....
I'm not convinced it is the case with that comment from Empress but in the past they have referred to the quarters with reference to their financial year which ends in September (I think).
Never in doubt...
F100
Looks like another case of unrealistic CB timelines.
from that Empress Pdf kindly posted by Leo Sayer below.
''MMP reported to Empress that it plans for Manica to be at full commercial production by the end of the year''
From Xtr RNS of 22nd June:
''We expect that by the end of Q3 Fair Bride should be up to full commercial production.''
I'm wondering Is the time difference to do with other Manica concessions beyond Fairbride being brought live for gold processing through that MMP - CIL process - processing plant too?
Great if one the excellent posters here with far deeper knowledge than me can explainall this to me ..(Apols for relying so much on this BB's excellent quality posters,.. but you guys kindly provide amazing / quality detail here.. to the extent of me getting very dependent on this BB instead of my own research .. also I hold lots of stocks at any one time and so hard to do good research of my own so widely too ..etc)
Quite right. The PR and comms aspect of Xtract have been very poor. Too many items competing for CB's time no doubt. How about another RNS converting production into the net cash to Xtract based on the initial gold pour and monthly production runs?
Thank goodness for Empress getting involved and giving this some impetus in the last 18 months. They also do know how to do PR...
Empress Royalties version: https://empressroyalty.com/site/assets/files/6280/emprnr2022-07_manicafirstgoldpour.pdf
Here we go, green boxes showing up haha