Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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My Enigma machine doesn't seem to be working this morning.
You ARTless git zap ⚡
That's how you cause DOUBLE trouble with comments like that.
Plus
it seems j🫦z missed his queue
Shall I spell it out to him
Gosh
Plus need to explain to CISCO love comes before money
As you can see im a muddle of red tape
And not ONE OF YOU here to help me ⁉️❌❌❌
blimey cruel, be careful in what you type, you really don’t want to be going down that road.
has ****phobic, ageist and racial overtones all in one.
Me too j🫦z
It turns out Destiny is 21 and from LAGOS ❌
And not really
Oh I'm gutted.
whilst i'm on the war path
one for ntm
markets are forward looking not backward
you ****
one for j🫦z
you know i ditched you for private who is now called destiny....
made a big mistake
wanna know why❓
🤐
TOO MUCH WAFFLE Z⚡P
Ref post KWAD 2333
price is wot you pay VALUE is wot you GET
How much hidden value are you getting for nothing at 1p❓
DREW
do us the honours and forward calculate XTR earnings for 24 based in worse case scenario
Cr💙
Kwak > You have to look at the facts and see where this is going:
Ok let’s do just that!
Over the past 20 years, investors would have lost money in 72 per cent of all the companies ‘ever’ to have listed on Aim. With 49 Billion being wiped off company values on AIM in ‘21 alone due to the fallout from Covid. The resource sector was already in decline before then.
Exploration is probably the most risky sector of them all, where you can lose a lot if not all of your money as a result of projects failing geologically, or financially in some way or other.
Picking that winner is as rare as rocking horse 5hit!
Most fledgling or juniors in our sector rely a couple, if not only ‘one’ project to hang their hope on, having no form of income and having to rely solely on fund raising from the market, not only to pay for exploration but just keeping the lights on, month on month, year on year. Many of these are considered lifestyle companies.
Xtract at least, is not only diversified in the sizes of its exploration projects and in safe jurisdictions, but overall the company structure is well diversified being an exploration resource, development and a gold producing mining company.
There are no guarantees looking ahead, but there is a notable distinction about this current economic cycle. In previous recessionary cycles, there have typically been sizeable inventory buildups and an overabundance of supply. However, during this cycle, physical inventories across the metals sector, particularly copper, have remained constrained, caused by production headwinds.
When the sector finally turns, and it will. Compared to its peers, this company should be far better positioned to be able to attract new investors when buying returns.
Kwadoku once told us we should ‘ignore the fundamentals,’ that’s the craziest fact of all.
I think that is part of the reason he moved to twitter, his reputation on LSE has been absolutely trashed so he needs fresh blood to hide from the fact that......
Colin Bird’s AIM record (as of Nov 23):
Time he became CEO of BZT- SP 0.5….now 0.03 (almost 95% down)
Time he became CEO of XTR- SP 10...now 1
Time he became CEO of Galileo 7.38...now 1.2
A lot of money has been paid by private investors to fund these ‘companies’ but the more interesting question is how much money has been squeezed from these companies to pay to Mr Colin Bird, over these periods?
Its weird isnt it. Some of these profiles have nothing but good to say about CB, despite when you look objectively:
Colin Bird’s AIM record (as of Nov 23):
Time he became CEO of BZT- SP 0.5….now 0.03 (almost 95% down)
Time he became CEO of XTR- SP 10...now 1
Time he became CEO of Galileo 7.38...now 1.2
A lot of money has been paid by private investors to fund these ‘companies’ but the more interesting question is how much money has been squeezed from these companies to pay to Mr Colin Bird, over these periods?
It's refreshing to me to see quite a few posters here getting how the market thinks around 2023 time: this share price is almost all about bottom line in the now/short term forward horizon full stop.
Others like Mr Bird and OSV and Howezap are better than me in the nebulas marketing spiel re the medium term forward positive outlook here, so best I leave that to them.. (including me not seeing that sort of stuff helping a rally in the coming months here too.... but great if I'm wrong on that)
Generally, I've learned - the hard way - to pay little attention to the bright eyed future gazers for stocks such as xtr.l.. but, fortunately, Manica gives me some real world bottom line hope here in the short ish term.. That said, the more Mr Bird pushes back on transparency the more I grow to understand such a market will naturally be super cautious/suspicious and downgrade more and more it's view on what Manica is worth per share.. and as the market is king, I feel it best I fall in line with it and so I'd now go with Manica worth a minimum of 1.35 p per share - and maximum of 2.75p per share - that from my guess of a minimum of 2p - and maximum of 5p - a fair while back ....and then 1.75p - and 3.5 p max - ... and more recently looking towards 1.5 p - and 3p max - etc.. (also, while I still feel it's harsh, I've grown to more and more accept that the market values the rest of the business at 0, nowadays)
More generally again, I feel its best I post little - unless a bottom line meaningful RNS is issued that I have something tangible to comment on - here until mid/late Feb towards giving Mr Bird every chance to get his Manica ducks in line.. I say this as I genuinely feel I currently have nothing bottom line concretely positive new to offer here... and I promised I'd stop moaning for a while here too.
I would add that they need to show a net increase in cash balances delivered by receipts from manica profit share and a reduction in corporate overheads which need to be c50% lower to be representative of current mcap.
I think it would be better if their focus is to turn the red negative profits into good positive profits in annual reports, not just stating a load of bull trying to placate shareholders.
Looking at the website this evening, it felt significant that the stated objective is to “Restore Shareholder Value”. Tacit acknowledgement of what many have lost - at least on paper. About time for OSV to get on message.
The GLR website has also been updated.
In the previous podcasts, CB mentioned they were targeting advanced mid sized deposits. Then he went and bought the NW Foreland blue sky licenses !.
Interesting, the company have tweaked its business model and strategy on the website, maybe now reflecting its ‘ability’ to set its targets for acquisition higher, the result of the increased revenue from Fairbride you would think.
There is an ‘apparent’ difference in scale of the projects they seem to be now targeting.
Shifting from-
The company is examining a number of exciting opportunities in the ‘small’ copper and gold sector- June 22
The Company's aim is to identify ‘small’ deposits of 1-5 years production capability at a rate of about 50,000 tonnes per year. June ‘22
To now-
The company is focussed on identifying reasonably advanced resource projects, set in good mining jurisdictions and with economic projections suggestive of potential rates of return in excess of 25%. The vision remains for ‘medium’ sized projects, with the potential for rapid up-scaling and longer-term prospectivity and growth.-From current website.
No idea when the website see an update, could have been a while now. No mention of small scale anymore, such as ponsing around with the likes of Chongwe et al
AA were never the most likely buyer re Bushranger so that news doesnt change anything.
Well actually that's not true, it might change something.
It could be argued that by AA reducing capex, it increases the chances of them letting us out of the AA clause and they get some agreed cut of any deal we do with another major??
I'm not suggesting that will be soon, but the AA clause may be more likely to be removed now if AA have zero intention of spending any capex on Bushranger.
They may aswell try and monetise what value will be there (at a higher POC) by letting us out of the clause and sell to another - with AA making some money from that deal (in some way).
Https://9 www.moneyweb.co.za/mineweb/anglo-american-plans-1-8bn-capex-cuts-by-2026/.
Not much hope of an AA buyout
even if we had the elusive tonnage .
Wishful thinking 🤔. The Grinch will steal our presents once again and spirit then away in sunny Dubai.
Could be a Christmas bounce coming along with tidings and good will to all.
What are you banging on about...
CB get your finger out!!
J🫦z
Am no STUCK UP lady
not sure wot I've done but think likes of OSV NG NTM plus ELLA
not talking to me No more❓
cr💙
Come on then OSV, help a lady out !