The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi jamr
Don’t forget there are production taxes and op costs (salaries and resettlement costs) to offset from the alluvials which aren’t stated here like previous prod updates. I’d guess XTR netter maybe 100k from this
Cheers
James
Just happy to see any profit at this stage and more to come by the look of it.
Add on the other Manica projects 183oz * $1812 = $0.3m or £0.225m
So all in Q1 was about £0.65m into the coffers, not too bad for rainy season.
Art
Revenue: 4,522 * 1,859= $8.4m
Production tax: $8.4m * 6% = $0.5m
Op Costs: 4,522 * 1,185 = 5.4m
Pre tax profit: 8.4-0.5-5.4 = $2.5m
XTR share: $2.5m * 23% = $0.6m or around £0.45m pre tax profit
I’m not 100% sure that production taxes aren’t included in stated cost per Oz, but think it’s better to be conservative.
Cheers
James
Ma, if the results are stratospheric, as you maintain, why do you think that there is a possibility of the share price going down?
My Rough calcs suggest fairbride gold production at 23% grossed Xtract $1.933 mil. After costs net revenue will be half of that so around $1 mil not bad but the miner they sold 77% of the mine to will be more happy than Xtract, still not bad result but don’t think so will move much, long term holder btw
So what exactly is the revenue that XTr gets? They receive 23% of the net profit for Fairbride production. This RNS gives us the money received for selling the circa 66Kg per month, but it doesn’t detail the cost of production, so it’s impossible from this RNS to work out the net profit, and hence XTR’s 23% share. Or have I got this wrong, Ma?
Can anyone work out what these production figures mean for XTR in hard cash. Despite an abundance of figures these seem to be the only ones that are missing. Cheers in advance.
Looks good to me.
I was thinking exactly the same Ntmu.
Is OldSchoolView Alastair Ford in disguise ? (nothing else has worked to justify the salary.. a 'tricky' for CB AGM is coming, so worth a try is perhaps the thinking .... but I'm going to open in offering that I'm thinking that this won't work either.. but fair play for trying :-))
This from one of the resident bashers.
***** Be careful or you won't be here long ! *****
There for all to see that they are just ignorant bullies !
That decision to mine is more important currently than obtaining a new increased tonnage for the JORC resource.
Butlerman. A decision to mine is what the board see fit to pursue. I for one am more than happy we have them working hard on our behalf to monetise Bushranger.
We have a basher who by his own admission has been here YEARS ! Something not quite right there. If you are not happy with your investment why are you even still here after YEARS ???
Oh no Ma's been on the marching powder.
A simple question for some.Would you keep,double up or get shot of all your
Tesla shares if CB by some fortuitous way became CEO of the company? Successful companies have good products AND successful management that's not happening at xtr. I speak for myself but if I could only get my monies out I'll do it in an instant. Being 90% down I just wait and deramp. It's my right, but I truly wish someone,sometimes in the distant future makes a mint out of XTR.
Who are you then OSV, you must admit you do look shady, you appear from nowhere and ramp the share to the heavens, bad mouth people who have been here YEARS and think you know it all. Be careful or you won't be here long !
Thanks OSV for responding. I am really am interested in your view as to how and when BR will be monetised, rather than your views that anyone questioning Colin is just a basher…. So, are you saying that the 1.3mt will prove profitable enough, at current CuEq %’s and current POC for a DTM to be declared and the AA option to be taken off the table? If not, then where is your optimism founded?
The current JORC resource is 1.3mT. The board believe there is 2mT +. The bashers would be the first to complain if more time was spent on drilling to prove up that amount. The bashers have a mindset of expecting everything given to them on a plate. That is bad enough but they continually bleat and whine even as the plate is being brought to them !
Looks like somebody had learned how to make multiple monikers
Ma. Please help me. How is Colin securing real value in Bushranger, currently? He has fallen short of his much lauded prediction of 2MT. He hasn’t lodged any applications for further drilling to extend BR to where he claims it is open. So are you saying that the work to prove up that concentration will be effective will so greatly improve the economics that Colin will declare a Decision to Mine, and trigger AA’s option to buy, without reaching 2MT? As an investor who was taken in by Colin’s conviction that this was going to be Tier 1, and that if AA offered 10p a share he’d tell them where to go, and am now sitting on a 70% loss, I’m interested in exactly what convinces you that Colin’s strategy will come good in BR. I could ask the same question of OldSchoolView, as he/she seems equally optimistic.
Gixxer-600. Another clearly not invested. The board do not set the share price. The board can only create the real value which is not easily quantitively measured. When it is the share price will adjust.
MaBaker we know the good news is going to be flowing but they still cannot see. Gold production soon to be ramped up and the board are playing a blinder in securing real value from Bushranger. Ignore them.
>>Of course the board are not responsible for the share price !
Someone else on here smoking too much then - I've never read such an idiotic comment!