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Yes, thanks Andrew4444.
Good info without waffle or the need for *code*
A44 good post at least we can understand it and follow your workings out and rationale, without the double line spacing and emojis
Let’s hope the devils in the Q2 results update.
What's coming up is, probably, very good Q2 results from FB and an SP rise well above 2p IMHO
Last few years Half yearly has always been released on 30 September . That's a Saturday this year so could be Friday 29 sept or Monday 2 October. Not long to go.
I'm expecting sp to be above 2p by early October after these results.
Why?
See my previous posts and thoughts a month or so ago...
AIMHO
DYOR
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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
Good posting Ben 'owell !
I agree with plenty of it.....but 120k ish salary a year for CB is academic to him versus his wealth/age .. it's about CB keeping looking for a blow out win to go out with a bang.... that's what AIM resource sector stocks used generally exist for, in fairness...and why hard core speculators played the AIM game in decent numbers with punchy bets.. but the rules of the game have changed plenty in recent years... short term 'trading' dominates now. - sell rallies ...buy dips ...etc - and the long term AIM game is more and more akin to main market rules - deep analysis backed low risk Investment towards profitability - either sell on or production revenue - in a few years... not a decade or more... and dividends..etc .. all rewarded.. high risk have a go 'hero's' frowned on ..etc.. which doesn't suit the likes of the one and only Mr Colin Bird at all.... or indeed the many other AIM CEO's who are of his ilk.... but, over time, perspectives change ......and change back again .. etc.. and cyclicality is a big factor too ...so here's hoping that patience is rewarded from here.
I agree with all that Ben, especially the pension we are paying Bird, in return he finds things that will continue the pension fund.
He has been seen for what he is and should move on, the company and the SP and us would be a lot better off.
We should get a patronising post from Old Fart View School soon.
Similar thoughts here Jez. Hopefully we have a new wave of CB inspired copper enthusiasts.
The potential here is quite frankly huge:
1. A "potential" district play in Oz with a proven copper resource and room for expansion. Ticks many boxes: safe jurisdiction, water source, rail network, close to port, professional workforce.
2. Newly acquired licences in Zambia. I'd put these on the back burner and ask for an extra tenner in the buy process. Unfortunately for me (I've invested here after all), I'm more astute than he is and see it as a waste of money and way for him to continue earning 120k a year for a little while longer. The canny g*t.
3. Kakuye. I'm intrigued by Kakuye. Artisanal mining and historical high grade copper found. Strike lengthened to 2-3km by all accounts. Interesting deal with operators. Nothing happened in the last 6 months though. Colin's earned 60k, Kakuye has done nothing. Where's the promised income?!
4. Manica. Income to the tune of 600-700k / month? Pays all the bills and 2/3 of exploration? Some CEOs would be shouting from the rooftops about being cash positive and being fully funded. But not our Colin - too busy spotting elephants through giant binoculars.
As I say, this is huge potential here (to get my money back). I can't help but think it's Colin who's the problem though. Move on, please, Colin. We'd all like our money back.
(Hope the positivity came through in this post).
I can't wait for the next hype spike, I might even join in.
But I'll be gone like the wind when I'm back in profit.
Colin Bird, Leopard, spots etc.
I think Colin has run out of ideas for BR. It's about as far away from what he prophesied as you can get. Don't think he's ever been in love with Manica. Manica is a vanilla steady Eddie partner, doing all the day to day hard work completely unnoticed while you are on the hunt for a bombshell with great taste. Unfortunately vanilla steady Eddie pays the bills whereas blond bombshell is a complete waste of money and ultimately doesn't love you (or doesn't have any copper).
I do wish CEOs could be held accountable for their statements. Many invested in XTR based on Colin's utterly erroneous and wild forward looking statements. Most turned out to be complete bull****, or misleading if you like.
Anyway, I promised myself I'd be positive about this company. We have income and income that can support future investment. There will be very minimal dilution here, which is an obvious bonus. If Colin can spend it wisely, we can take advantage of this so called copper shortfall that he has been predicting for the last decade. Stopped clocks are occasionally right...
Docit;
"in a load of empty air promises and hype".
Come on Colin do what you're good at and create another share price spike. Cook something up for the Roast. Tier 1 etc.
Listened to Roasties
Many resource stocks in same boat
Looked at momentum ranking for Metals & Miners it is a super LOW of 34 (99 the highest)
XTR 26 (was 8 a couple of months ago)
ARC 46 (UP 22 last 30 days
GOLDPLAT 8
GLR 34 ( up 17 last 30 dsys)
APF 8
BZT 0 (Never seen 0 before)
Ok that explains everything.
Just hope they don't all shoot up together
DOC
You my new best friend . You called me CRU . trying to get in head of dear C🎯l and figure out his game plan.
All I can come up with is him FLUSHing out rif raf📍😡😡😡
Jez am top poster on here glad you get me now🦊🦊🦊
Zapadoddle.
LmFAO
Just like that northern road used to til he got put on naughty step.
Do you reckon I can coach him back❓📍📍📍
They are clearly sand bagging news flow until there is a stream of decent events to report when there is a change in market sentiment in the resource sector. I would say with BR there could well be still waiting for the updated economic model as further core samples needed to be sent for analysis to add more weight behind the previous results. Then whole new plant, waste dump and tailings re-designed with new operating costs worked out. After which the whole range of pit shell scenarios would need to be re worked completely that incorporates the use of ore sorting into the flow sheet. But if the full study has been returned then the same could apply as above too.
I hear the “if there was good news already, CB would be singing from the rooftops”
Why would he do that if there are no buyers out there willing to jump in ahead of the market?
The roasties on Sunday toward the end spoke about the signals that are starting to appear and what it takes for that swing in sentiment to happen.
When it does the company will be poised to take full advantage as our own projects have been able to be advanced throughout the down turn from income. There are so many small cap peers that have had to shut up shop due to lack of funding and so will be left dead in the water when it kicks off again.
From about 56mins
https://podcasts.google.com?feed=aHR0cHM6Ly9hdWRpb2Jvb20uY29tL2NoYW5uZWxzLzUwNjQ0MzcucnNz&episode=dGFnOmF1ZGlvYm9vbS5jb20sMjAyMy0wOS0wOTovcG9zdHMvODM2NDc4OQ%3D%3D
Gotta be patient
Ma baker :Dead DUCK like this forum
First sensible thing you've said in a while
Cru
1000 minus 700= 300 lashes left
What does that say to you?
We had lots going in with lots of promises and hype and then nothing. What's the plan?
What next?
What's he waitning for?
I don't want to guess or speculate.
I actuallt want to hear it from the horses mouth.
Now he talks about another so called world class tier one i bet.
None of us really know what's going on.
All guess work and calculations on our behalf without CB input for his increased earning. I have lost a small foetune from companies saying the same thing on African exploration, only to result in a load of empty air promises and hype. BR is in Australia and we can't prove up anything, so only God knows what he's going to achieve in Aftica
Yttrium-barium-copper oxide walks into a bar
The bartender tells him, "We don't serve superconductors here."
He leaves without resistance.
Dead DUCK like this forum
L🎈L
DOC
📍For BR. Well where are we with this first. My guess is 700 lashes so far.📍
does that mean BR is dead DUCK❓
Quack Quack
CRUELla
Exactly PP if you ask me..
Death by a thousand lashes won't happen, quoted by CB
For BR. Well where are we with this first. My guess is 700 lashes so far. CB should tell us what's going on with BR before he starts punting and making hopes for the shareholders.
Https://twitter.com/ColinBirdMining/status/1700587185869619660?s=20
So no chance of the study making an appearance anytime soon I shouldn't think.
You mean the more they put through the mill they lesser the cost?
Next question would be if 5/6/7 T virgin rock per month costs $2.60 lb then
How much more is needed to go thru mill to get leg down in cost per lb
I hope the BIRD will give a concise trading update on copper. production - targets and strategy
Ma
un peu mechant se soir
Economies of scale ?
Hi FLIP
You mentioned yesterday Sandfire announced AISC for Kalahari GLR of $1.47 Lb
I now GUY gave ball park figure of $2.60 for KAKUYA - why the big difference? especially since it is coming from stockpile?
Thanks Ma !!