The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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J🌱Z
Need bitty of advice
Wanna get on same page as N🚫T so dear C,🎯l
Do I have for dinner
Porky pies
or
Toad in the HOVEL
.Yours cruelly 💙
Positively cuckoo yu
Somebody is definitely Manic a today.
Is now same value as the price we paid for Manica ($12.5m) BEFORE there was one ounce of Gold being mined so zero profit and when POG was substantially less than now.
And MC is just 70% of sale price that was agreed for it, again with zero profit and no mine built (although we didnt sell)
After what has happened its understandable sp has fallen sharply (rightly so) but negative sentiment has now taken hold and there is a massive mismatch between fundamentals and valuation IMHO.
That will correct its self , but not to sure when?
Maybe 5 mins after CB retires !
I honestly believe CB's legacy and previous misdirection is now holding SP back.
https://www.lse.co.uk/rns/XTR/disposal-of-manica-gold-project-for-us175m-e2l0lbeow2nube4.html
NTMU.
And he's also way over the hill. As regards Manica, whilst it's nice to see income coming in, I'm not sure that it, on it's own, will provide anything more than a comfortable lifestyle for CB and the board.
FFS NTM
WHY CANT YOU ANSWER SIMPLE QUESTION ⁉️
You say autumn winter. Does thing change in spring.
Why did NOT so dear C🎯l say in NUMEROUS podcasts and the cost to XTR is £50kna month
Will this agreement resume in spring 🌱?
If not why?
🔸Says who and at what copper sale price?
🔸Pre concentration is the key to unlocking the low grade bill tonnages at BR that will bring them into play. If plant size can be reduced so is mining only half the amount of ore then CapEx and Significant OpEx reductions will also impact the NPV model. But yes copper price affects model considerably.
Not an essay 🙂
Maybe you got this yourself Cruella.. or alternatively, if you feel you don't got this, then moving on to plan B might work instead!
Plan B : Autumn/Winter garage park your Manica analysis ...and just go with Andrew's and AndMillsy's figures instead!
PS: I think plan B is a good plan
Make yourself useful ⚡
No essays
Re BR
🔸Not financially viable at current copper price if CApex is included
🔸Does this change when Copper price goes up? If so at what minimum price
Short and to the point answers will do
Yours cruelly
😈😈😈
“Short and to the point answers will do”
Don’t know that one 🤷
NTM
Hope you don't mind me picking your brains.
Has agreement between MMP and XTR permanently changed?
What happened to £50k a month TOG costs to XTR with XTR earning 23% of gold produced.
There is £11.25m on balance sheet on H1 report
🔸Does this include 73% to MMP
🔸No Q2'gold sold in H1?
🔸Where on H1 report does it show payment or transfer of gold to MMP for Q1?
Re BR
🔸Not financially viable at current copper price if CApex is included
🔸Does this change when Copper price goes up? If so at what minimum price
Short and to the point answers will do
Yours cruelly
😈😈😈
Re Roasties
Biting my tongue
They so Any publicity is good to publicity
I beg to differ
my patience is wearing THIN
Wink 😜
A quick glance at the share price of all his companies will confirm his legacy.
Without trying to be morbid, he's 80 next month so his life expectancy cant be much more than 4 or 5 years. His health and ability to do the job will be shorter, so I can't see him being able to continue for more than say 3 years?
He talks as if hes 50 re future timescales ie talking about the situation in say 2027 . Will he be around then !?
It does strike me he is trying to quickly buy as many lottery tickets as possible so he can leave this game with a bang and leave a legacy and reputation.
To be fair, I think he has already secured his legacy and reputation - just not in the way he would have wanted :)
I think a change of CEO would do wonders for this company.
As has already been said, he's spread too thinly, he's frankly an old man now and with all the will in the world not many people could do his array of companies justice at a much younger age than he's achieved.
Is it greed ? is it vanity ? Could it be both ?
He doesn't inspire confidence anymore but seeing as I'm deeper underwater than the Titanic I have no choice but to hold and moan about on here !
Absolutely not to the extent that CB is Mattyashy.. (he's spread WAY too thinly)
Generally, categorically, there's nothing normal about the one and only Mr Colin Bird
CB needs to put real focus on Manica Gold here from this month forward. He has good marketing orientation and now is the time to direct that in a concerted way onto this project.
Manica - Fairbride therein - is coming into its sweet spot and needs better publicising, starting October 2023. It's this revenue/future further expansion that gives a clear opportunity for the xtr.l s/p to re rate into the 2 to 3p range in the short-term.
Earn your Xtract salary over the next 6 months by giving meaningful publicity to this core element of the Xtract portfolio please Mr Colin Bird !
Every time CB does a podcast, the SP takes a hit. Can we please just have radio silence until there is some real news to talk about?!?
He really is a shameless thick skinned old shyster.
"Our patience is being tested"
You don't say Colin ?
Nevermind, keep taking the salaries...
He effectively kicked a sale of BR down the road by talking in general about mines with less than 2mt of contained Cu being bought up by the majors in 2024/25 when copper is higher and the majors start looking at anything above 0.5mt contained Cu.
CB also ramping copper by propagating the climate crisis narrative. He'll be buying an orange vest and sitting in roads next.
Bottom draw.
Hum ! he was not keen to mention XTR full stop , the interviewers had to mention Australia ! The elephant in the room ,
‘Next’ results should shortly confirm production figures for Q2 but as for actual financials, then will be waiting for the fully audited year end report next June I would say.
As per…
Xtract will be reporting production and gold price statistics for Fair Bride on a quarterly basis with Xtract's 23% net profit share to be included in its annual and interim financial accounts.
Am tired but here goes
These figures are based on Colin AISC $700 an oz . Announced 6th April on Roasties Podcast
Fairbride
(1128 oz x $1859)
Plus
Other ops
(183 oz x $1812
Total Revenue Q123
$2,428,548
Less total AISC $700 an ounce
(1128+183) X $700
Total costs
$789,783
Gross profit before Corp Tax
$1,638,765
Converted to GBP
£1,344,015
Half year report
£ 390,000 gold sales other ops
£1,670,000 Fairbride
£2,060,000 Total
Less costs
£601,000 team on ground
£ 87,000 taxes
£1,372,000 total
Very little difference between both Totals
How the DUCK can the above figures include 23% X (64 + 66 + 66kg of gold) for Q2??!!
My mistake wires crossed on assets. long day and all that. But still, spent over two years on the new JV