The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good though the manica update might be, it, on its own will nake no difference to the SP for we ordinary mortals. Only Birdie and his cronies will continue to benefit.
I spent some time yesterday trying to count the number of active projects across all of Bird's companies and then it became clear why he's too busy to explain to xtr shareholders how much cash we are earning and how much is reaching the bank.
It's a sprawling mess of underperforming and underfunded companies where the only positives are the comments made by Bird on paid for sites.
Aren't we due a Q3 Manica update this week?
Hey Dani
Doesn’t make any sense does it.
Billions have been wiped off AIM company values since ‘21. Most of those companies that would also include Xtract, that have suffered the worst rerating are those that have had no regular income to underpin a fundamental level of market capitalisation.
If Fairbride plant had not been severely delayed by port closures due to lock down, or any other hypothetical reason that would mean that start up and initial production would have occurred up to 18 months prior. The damage to share price may not have been so bad. Unfortunate timing.
Come full audit in Q2 when the company will have another chance to convince the market with transparent actual cash positive position that will hopefully set Xtract apart from the majority of its peers in this currently abysmal sector. Some positive sentiment might return if hasn’t by then as are sure signs it has bottomed already.
Plenty of news to follow on where and how the treasury has been spent on advancing projects.
Good evening Zap
from now on I'm gonna be ALL lemon Cordial with you
I posted
Ok to summarise
Jan23 v Dec23
156% increase Gold production
32% increase in gold price
155% Decrease in share price!
There’s an idea Fozzie! To sum up the Xtract journey through ‘23 in three words?
All welcome
I go you go -
Frustration
Negativity
Revenue
Boring, Boring ,Boring
Why should mention of SXX be banned? It's a classic case study and cautionary tale of investor exploitation, greedy and disloyal boards, and dubious banksters.
Anyway, it's not your call to make to ban anything. There might be an LSE police, but you ain't it! :-)
Merry Christmas and Happy New Year all.
On back of DOC filthy post
Jez shush
Between me you and bed post
Was. A. No. Go between me and Destiny
Don't know why but thought of you.
BTW
you start growing old. W hen you stop having fun
love. cr💙
Merry Christmas you filthy animals and wishing us all financial stability for the New Year. Well we can hope, can't we? Have a great on guys.
Happy Christmas to you all including Mr Bird.
And here's very much hoping 2024 is a better year here than 2023 was.
Manica can make that hope a reality. A high quality clear forward plan around Xtr/Manica needs stating and marketing soon into 24, of course.
well as far as i'm concerned thankyou colin for another great year and being consistent you d..k head.ill or not,i'm feeling crap and still going in. makes me think all the de rampers aren't so bad.88.7% under,still merry christmas to all. no ****ging me off thankyou just saying it as l see it.
There is also the possibility that CB is unwell and that's why we haven't had a dicky bird.
I hope not of course.
Has anyone had any contact with him recently ?
>>>Works continue to add value in copper as we coin it in in gold.
We can continue to split hairs on what will be actual cash in bank from profit share will be. But whatever it is I think it is safe to say they will not be saving it up for a rainy day!
Allocating any funds in treasury for ongoing asset development. Putting the cash straight to work, to advance its ‘various’ surface activities, resource modelling, metallurgy etc all toward a glut of studies that will drive projects forward in ‘24 for all the assets in one way or other hopefully.
No reason whatsoever to think work has come to a grinding halt just because news has dried and cb has gone quiet.
Whatever the thoughts are, on what has transpired before to leave the share price where it is now, there is no disputing how the company is positioning itself toward being a sustainable mining company. No it’s not there yet, with potentially a further raise or two possible for major exploration drilling over next couple of years. Kakuyu?
Any ‘major’ Xtract shareholder value, will be more likely returned from ‘actual’ M&A activity through a likely asset sale. Not from a derived target price that could and will be influenced by external factors along the way with the dilutive effect of any further raise to consider too.
Bottom line there will be more positive fundamentals by end of Q2 to underpin a certain level of share price mid term if the board can gain shareholder confidence again and attract investment when the time is right to.
Until proved otherwise that for me appears to be where we are at.
Thanks Paddyboy. 👍
I chuckled when I was writing it too. A wee christmas cracker joke! 😆
Coin it in - ha ha
You can`t fool me Analytical. I am a tad too sharp for your overly-simple ruse of 14 and 15 Dec!
The mention of SXX is totally banned from all BB
My favorite is always "Down down" It has been particularly apt for the likes of Sirius, UKOG, and a host of others.
What bit about the revenues coming in are you not seeing?
Works continue to add value in copper as we coin it in in gold.
2024, year of the small miner.
Merry Christmas 🎅 🎄
Or "Fools Gold"
Or “Who’s Sorry Now?”
Personally, I think "Won't Get Fooled Again" is more appropriate for investors in a CB company.
Errrrrmmmm ?
So just as long as he doesn't go public and say we don't need a placing we won't get one ?
Here's hoping he's lost his voice then. :)
Jezzoo, have you done a count on those lashes. Leon C (Colin's protege at JLP and still involved), said in a investor presentation last month about not needing to do a placing and the availability of bank finance. He then did a placing last week. Colin did another one at BZT last week. Whose next ?