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You can take what you want from any bulletin boards, but there is a better way of looking at the current position.
I believe the company will deliver some decent upside.
For me just understanding some basic principles of investing in the resource sector.-
* Look for cash flow stories with commodity price and exploration upside.
* Capped downside and uncapped upside potential.
* And near term cash flow from production.
Similarities we are now seeing with Xtract’s current positioning and growth strategy.
The company is on the verge of seeing that potential upside over the next couple of years. And with meaningful income to progress current assets based on the known geological knowledge and understanding to increase ore reserves and extend life of mines, in both Moz and Zambian assets. Is certain that any lessons learnt from Kalengwa will hopefully not be repeated with the current strategy to take on further small mining operations. Of course nothing is certain, but at least it puts them in a strong position going into this next cycle.
Bushranger project aside.
Hopefully I'd never get to find out !
Well put! I'm kinda intrigued as to whether or not you intentionally worded the last sentence that way lmao it genious. Was Santa's cookies soggy?
I don't know if it's just me but this site used to be pretty switched on and pretty informative but unfortunately it's detioriorated to a poor man's version of would I lie to you. It's the same old song about the future share-price figures based on back of a *** packet formulae using more imaginary figures than JK Rowling. It's like forecasting how a team is going to play at a major footballing event, assuming a million and one different set moves, by each player against each team and assuming the Winners of all the groups to achieve that objective. The trouble is it only takes one slip of one team to upset the applecart and send the predictions into freefall so all the planning and figures that keep being jotted down, discussed and boringly published and re-published before the event are just meaningless and boring. At the moment it's the vFA x 3n. Where if FA does evolve to be FA then whatever the other figures are the answer is still FA. Let's hope FA actually equals a meaningfull amount and if it does we won't know what that amount will be until all the data is gathered. The repetiveness of the boring speculations and repeatedly adjusted figures are so boring, in fact, that a box set of Strictly and I'm a Celebrity tastes more exciting. Quick, let's hide the firestick remote !! Anyway rant over, I need to speculate what Christmas presents I'm not going to have so I can unecessarily burn some mental energy on something that possibly will or won't happen and I won't find out until Santa has emptied his sack all over my living room .....
Personally, where we are with BR after P2 I think it would be better for AA to pass.
Rio Tinto reluctantly hunts for deals as mining industry consolidates
Anglo-Australian group looking for critical mineral assets but says it needs to be disciplined
Rio Tinto discussed its own strategy at the investor day, following its $3.3bn buyout of Canada’s Turquoise Hill last week, which gave it greater control of the Mongolian copper mine Oyu Tolgoi.
Jakob Stausholm, chief executive of the Anglo-Australian mining group, said he remained “a bit reluctant” to expand its business through big-ticket deals in markets such as copper. He said that miners could end up paying a “very full price” for assets that struggle to create value.
Stausholm also argued that no other miner could match Rio Tinto, with its critical minerals assets in countries including Canada, Mongolia and Argentina, where it acquired the Rincon lithium mine for $825mn in March.
Mining companies have been increasing their exposure to minerals such as copper, lithium and nickel, which countries need to decarbonise and open up alternative supply chains to China. Rio Tinto signed a memorandum of understanding with Ford this year that could result in the US carmaker becoming a foundation customer for the miner’s Argentine lithium supply.
“Critical minerals is clearly important from a policy perspective for many governments for security of supply,” said Cunningham.
https://www.ft.com/content/fb0ef893-da01-4fe9-906a-36ff272cce78
ZM... you nothing about the people you have resorted to personally attack. When you have been invested in XTR as long as I have you may just see that there have been a few to many deals which have not been a benefit to shareholders. Its called experience which sees things for what they are. Passing off Kalengwa as a venture that didnt come good after what was said at the time shows you are not as well read regarding XTR as you think you are.
How rude !
Kakuyu ... adds future income to the pipeline, for minimal outlay and minimal financial commitment. Detractors will knock this, and are indeed knocking this.
A functioning business does not stand still. They may feel they have a cash cow coming of age, but that does not mean you can ignore developing your pipeline.
Not every venture will come good. But if you have no ventures there are none that can come good.
The detractors who point to Kalengua and Eureka are completely missing the point. Business does not stand still. Those detractors really are showing themselves up as salary fodder. Only good to sit at a desk and process other peoples' admin. Not value creators, opportunity seekers, wealth creators. They couldn't survive without their monthly paycheck. The ability to pay that monthly paycheck is created by bigger individuals that haver been prepared to fail a few times on the road to succeeding.
Investing, unless you are able and prepared to be seen as a financier, is a process of jumping on the coattails of entrepreneurs who take the risks and apply their expertise for you to benefit from.
Mock all you like if things are not going fast enough for you, or in the direction you thought it would, but you are only shining the light on your own greed backed up by no useful input.
Maddog re "Has anyone ever asked Colin what is the advantage of having lots of small projects in Zambia spread across his various companies ?"
Obvious. More opportunities for the team to award themselves bonuses and cheap share options.
The Year of the Small Miners.
Merry Christmas Ebenezers and Rampers alike!
I will take the silence as a clue that maybe a good answer is not imminently available :-)
no go on... try me. What advantage has there been for shareholders with the acquisition of Kalengwa and Eureka. You are probably correct though in that I'm beyond explanation for the MozGold deal so just stick with Kalengwa and Eureka for now ;-)
hi, no i didn't mean to imply a huge vein, thats not it at all . really busy at moment but will try later to put some links up, but definately NOT a huge vein . :)
"Perhaps ZM could enlighten us all with what advantage there has been to shareholders by acquiring Kalengwa and Eureka ?"
I don't think you are open to the answer to that, so enlightenment will have to be something that blesses you at some point, or it doesn't.
Perhaps ZM could enlighten us all with what advantage there has been to shareholders by acquiring Kalengwa and Eureka ?
I hope neither Art123 nor Littlewing are planning to start their own businesses anytime soon. With that attitude the prospects would look bleak indeed.
"Has anyone ever asked Colin what is the advantage of having lots of small projects in Zambia spread across his various companies ?"
Lots of carrots to dangle are harder to keep track of by those pesky shareholders ?
Colin said in that last interview that website pictures would paint the picture of Fairbride operations.
I would also suest the website is tidied up to to remove Kalengwa and perhaps outline the narrative on Eureka. That one has been kicked down the road too often.... at least we need to see if it is still a can ....
Copper futures fell to the $3.7 per pound level, hovering firmly below the one-month high of $3.9 touched on December 14th as increasing concerns of a global recession hampered demand expectations. Major central banks delivered hawkish outlooks on monetary policy to curb inflation, while soaring Covid cases in top consumer China are expected to limit the extent that businesses want to reopen fully, despite eased lockdown rules by authorities. Still, threats to global supply softened the retreat in prices as lower production in South America continued to drive concerns of shortages. Output from top producer Chile slid 6.7% in the first three quarters of the year and mine protests in Peru hamper activity. Commodity trader Trafigura warned that global copper stocks have fallen to record lows with current inventories enough to supply world consumption for just 4.9 days, and mining giant Glencore estimates a supply shortfall of 50 million tonnes in 2023.
• tradingeconomics.com
Hi Dani,thw 992k oz is the underground stuff at Fairbride that will likely be targetted after the openpit comples, it is not a vein, and was always there inearlier models, just not included in the feasibilty study :)
Oak trees from acorns!
Has anyone ever asked Colin what is the advantage of having lots of small projects in Zambia spread across his various companies ?
I'm not even bothering to learn the name of the new acquisition. I'm assuming Eureka has gone the way of Kalengwa too. Does Colin seriously think that shareholders are to be excited about something which in all probability will be thrown on the rubbish dump pile in a few months ? It seems Colin is still driven by the excitement of acquiring opportunities regardless of whether or not that translates into shareholder delivery. XTR is the mining licence equivalent of the garden rubbish removal outfits at the mo where Zambia is concerned. I still hope Bushranger is not a branching out of that operation.
Maybe Tesco should charge full price and change the slogan to every little don't help
3 trades so far on the strength of that boring news/acquisition and no doubt a further fall in the share price over the coming weeks.
Maybe CB should have shunted this latest project into one of his other smaller African based companies and found something of more potential for XTR.