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Only posted few times.
If the so called cb did a placement at this level then he would even more then he has already be saying fck all shareholders I am alright.
As he has only destroyed any value there was In Xtr over last couple of years.
Cannot rule out a placement, particularly for a further BR exploration phase to increase shallow high grade material that they believe has the potential to significantly impact the economics. There are outlying targets they may want to follow up on stick some recon holes into, particularly the western lobe. Not overly expensive, perhaps a few million that’s needed up front, to have funds in place to cover the contractual obligations of a drill programme.
That outcome will be determined after the next round of optimisation.
So if needs must, they will require plenty ammunition to throw at a new PR drive later, which does benefit all shareholders if dropped in at a higher market cap.
Would be naive to believe that the company don’t need to raise money from the market again.
I think the same Ben and being a conspiracy theorist I can't help but think why ?
That's what worries me.
Hi Howezap, I appreciate the reply and the attempt to explain CB's evident silence on the airwaves and PR front. However, nothing explains Xtract's marketing being significantly less than Empress's, despite them having a fraction of the economic interest in Manica and having multiple other share price drivers (IE. Other distractions and things to market).
God knows how much they'd be shouting from the rooftops if this was their only project.
Puts Colin to shame, it really does. I just wish he would start earning his money..
You wot z⚡ p.
You are AVIng a laugh.
Am iperventillating at present can't type.
If dear C🚫l wasn't in high echolon society then
I'd AV his GUTS for GARTERS
Ova n Out
Cr💙
No the agreement hasn’t changed, costs are defined as production etc my point was mainly toward emphasising that the company needs to attract more serious investors with a longer term outlook, showing proven fully sustainable efficient operation and not just attract 1 day wonders. Fundamentals should be driving the share price but ultimately our investment is driven by good old fashioned supply and demand. If demand isn’t there across the whole resource sector then go figure. Hopefully it’s started turning. Didn’t mean to mislead but sometimes provocation is the best way to ‘spark’ lively debate.
z⚡p
what happened to the original agreement. explain in layman's term please.
am all for xtr increasing share of gold production by investing to extend mine life and investing in plant expansion.
absolute *******s. bit about new investors coming in at that point. if clear roadmap to mega profit laid out now then am sure investors would buy in
even worst case scenario and we have only 23% of nett profit share the earnings v current mcap are mind boggling. think %
will screenshot example on my group then will con back to continue....
watch this space
will screenshot example on my group
Hi Ben think we all know how fickle this market is, so until a stable efficient operation can be shown directly through xtract’s share of profit it could be looked upon as falling short.
The reality being, that to produce an ounce of gold, they incur not only operating costs, but also spend on sustaining capital at the mine site and capital on exploration, in order to sustain the future supply of ore to the plant.
That is one factor that will keep AISC higher if new oxides can be found to feed existing plant longer and through when the deeper open pittable, higher grade sulphides can then be processed.
Any upgrades or even a new plant to eventually accept those higher grades will no doubt come from an extra injection of capital through whatever deal is structured and with whom.
So clearly, all drilling from grade control at mine face to exploratory to find new ore, is funded from revenue at source before xtracts 23% share of net profit is paid.
At present, it appears that further exploration has not commenced yet, with focus concentrating on supporting its partner in bringing costs down so exploratory drilling can then resume toward being a ‘fully’ sustainable mining operation.
Imo, that, will be when serious investors will be attracted and they should be shouting from the rooftop.
yeah me mentor says gold going to the m🌚🌚n.
conservative target $15000 an ounce. should see $3000 in 2024
surge in gold price means 50% plus correction in markets when **** hits the fan !
Should anyone (OSV in particular) reply calling for respect and ceaseless "trust in the board", I would appreciate evidence of anything that Colin has actually done to boost our attraction to investors over the past 2-3 months.
I'll accept evidence of social media posts akin to Empress on Instagram, hiring/outsourcing of PR personnel, darn it I'd even accept a chat with Zac. The man has done diddly squat and needs to pull his socks up.
Oh z⚡p
You were my number1️⃣
but not into husband snatching although your cubic bit is very tantalising.
yeah I'm everything money can't buy. Bit like dear C🎯l cos he's got everything cos he's got BELLA
$2067 an ounce.
The higher it goes, the higher the profit margin. The higher the profit, the more income to Xtract. Currently, Xtract flow of income is inversely proportional to our CEO's interest in marketing us. Would be nice if he started working for his money, IE. 125k for a part time salary. Else he'll get the boot come AGM, summer 2024, should the current sp malaise continue or his disinterest/ lack of effort showcasing us to the wider market not pick up.
Michu and I will not be the only ones on his case, rest assured..
We are mopar boys danielabella, kind of an echolon society, but with more cubic inches!
Yeah right j🫦z
Tell me one Yorkshire gentleman living in insestious Norfolk who stood up ME on AGM day who is in high echolon society.
anyway am now with private who is now called destiny.
thought you would snap me up when I chatted you up last night 💗
How very dare you Ma Doodaa.
I AM someone from the high echelons of society.
Dontcha know.
Innit.
Z⚡p
cr💙 here.
Bit worried about j🫦z.
seems he's gone ALL grown up on me and it's not a good look
In private can you tell me if he is sucking up to someone in HIGH echolon society ❓
Re post 1320hrs
Im trying to work if that post is Damage limitation or managing expectations?
Re post 1320hrs
Im trying to work if that post is Damage limitation or managing expectations?
J🫦z shush
between you me and bedpost
if you fall through the mattress
I'll catch ya in the spring 🌱🌼
I am not sure if any news at the moment is market sensitive, at most you get a pop for a day or 2. - at least in the shares I own. But Colin has been tweeting or X'ing about Zambia so he is still around.
>CEO’s go to radio silence when they don’t need your money anymore
Make it sound like a negative! That’s really not a bad thing right?
But in reality, just cannot see where any sustainable share price increase will come from through the promotion of Manica at present. Particularly leading up to the festive period on top of the lack of overall sector sentiment. They have clearly gone into care and maintenance until buying returns.
Until then what’s the point of wasting any half decent news to see any rise immediately fall back again, which would happen without a stream of news to sustain and build on?
As long as it’s not the suggestion they are going to return to deconstruct another one of their own jokes 🤷
Bless you da 😉
Are you suggesting bad news will be released Christmas Eve when the markets are quiet./closed.
Need to learn discipline.
No more posting here til Christmas eve.
No j,🫦z
Getya grammar in check. NTM loves those who write all Prim n proper
cos the
para ceet em ol