The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Just on the subject of BR.
Valid question from Kevin on subject of 2mt and DtM- “When do you start the conversation with Anglo?”
Colins answer- “When that goal is achieved.”
Hate to keep playing the devils advocate, but someone has to! He covers himself with this answer quite clearly. Of course he is using plenty of artistic license that is at his disposal to plug the project setting targets for talks, but they are just targets. They are not a statement of intent or a promise.
On production, all the info is in public domain from DFS to mmp agreement to understand potential revenues.
Agree though, should not be taking promotional podcasts seriously without first fully understanding the company financial position and the status of the assets from company website and official news releases, and certainly not as a substitute for proper research in continually evaluating an investment.
That was an excellent interview and worth a listen to again, as it clearly shows the utter BS he talked at the time.
Predictions for FB, Eureka and BR. All completely way out and not even close.
"Target date for 2mt or DTm end of April but if we miss it it wont be quarters just a couple of months"
He must have known at the time that a lot of what he was saying (about all the projects) was utter BS, and not just overly optimistic.
You can't believe a word he says.
How much of this has still to land?
https://audioboom.com/posts/8014752-midweek-takeaway-with-colin-bird-executive-chairman-of-xtract-resources-aim-xtr
I am just waiting for the important news of Mrs HZ trip to Las Vegas. Hopefully she did a side trip to Nevada to check outs GLRs acreage at Ferber.
I might have to switch her back on, judging by the amount of green boxes it’s Manic Ma this weekend
MB. You must have terrible bad breath cos you're constantly talking shiite
JEZ You are missing out on the comedy gold
Lol Billy !
Not conversing as such, it’s all green boxes to me !
High as a kyte springs to mind
Must be a bad fix
Yawn.
Jez why do you bother to converse?
See below
As of 1st June 2023 Alex Terry still holds 56,500,000
Hargreaves Lansdown Asset Management
Interactive Investor
Halifax Share Dealing
Mr Alex Terry
Barclays Wealth
A J Bell Securities
158,911,274
96,282,946
66,330,433
56,500,000
51,986,679
46,850,331
Lucky - l hope it turns out to be your greatest success given l have a fair few. But more importantly spreading risk makes sense. One might hit the jackpot, we live in hope.
Not ment as a cross ramp but I've just invested some in GLR. Reason being, it's like a replay of xtract. I'm expecting a pump there. He's reported the first hole of many. So I imagine he won't go mad like he did with xtract lol, but if they start getting daily RNS's, dive in!!
Just remembered to exit this time!
Travelling today to the Algarve so just checked in here whilst reclining with a vodka and tonic.
Judging by the posts Ma Twinklebaker is getting more “out there “ than ever before. Lots of green boxes interspersed with puzzled replies.
What what wINk
Coppers down, going into a recession soon. Can't see BR being sold for some time. Lucky we have dani to entertain us!
"When should we expect Q2 results please?"
Last few have been announced just over 3 months after period end, so that would mean early Oct if its the same time period.
CB said at the AGM Q2 would be announced in a couple of weeks.
If CB is correct and can be trusted, then they should be announced anytime now to end of this month.
So I'm going for early October :)
MM's will currently take 1.5m at 1.36p
been a long time since they would take that many in a block.
When should we expect Q2 results please?
I think I'll believe any Kakuyu income when its declared in an RNS !
I thought that was my point Andrew
When you say "They mentioned" I assume you mean CB.
I remember CB saying in November (years ago) we would soon be betting $200K a month income from Eureka by early next year.
I think I'll believe any Kakuyu income when its declared in an RNS !
I'm only believing what I read in an RNS from now on.
I just don't believe a word CB says anymore (outside of an RNS).
They mentioned some production from Kakuyu that could add to Q2. Some decent in pit ultra high grades of 15-25% Cu evident they may have targeted to draw some initial income from, to get the ball rolling. Half year report will be very welcome to get a better update from across all the projects, but no disputing Manica income will be the one everyone is looking to.
Https://www.lse.co.uk/rns/XTR/manica-q1-2023-gold-production-update-6j1hf2jkaktvc3m.html
Just had another look at Q1 results and there were a few clues in there on what we could expect for Q2.
Plant throughput
"Clear indications are that post the heavy rains, results are improving significantly and Q2 2023 is showing a marked improvement with plant throughput increasing from 30,000 tonnes per month in Q1 2023 to current nameplate capacity of more than 40,000 tonnes per month
May 2023 throughput was 43,200 tonnes per month
Grade
"A significant amount of additional close-spaced drilling was completed during Q1 2023 specifically to improve grade control and the ability to better predict the Run of Mine grade that could be anticipated by the processing plant. This work had an almost immediate impact on improvement in the run of mine grade with the average rising from 1.2g/t Au in February Q1 2023 to a current reported grade for May Q2 2023 of approximately 1.8g/t Au"
So for month of May 1.8g/t at 43,200 tpm = 77.76KG = 2500 troy ounces = 575 oz for Xtract for May
Assuming $1900 POG and $900 Cost that's $575K Pre tax profit. Boa Esperanza and Guy Fawkes usually add about another $50K a month so that's circa $625K a month. Obviously that's assuming April and June will be the same as May and they may not be, but that gives an indication of the pre tax profit.
If April and June are similar to May, that would mean Q2 results would be circa 66% better than Q1's. Q3 Results are usually the best quarter due to the very dry period, so we should at least equal or better Q2 results.
I think when we get Q2 results the sp will start to appreciate and continue to do so as we get Q3 results.
I just don't know if that SP appreciation means 2p or 3p.....or higher???
AIMHO
DYOR
XRP is a crypto coin popping up in many ads here on LSE...... So could be some sort of cross ramp?
Makes sense 👍