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Is it too soon to be asking about Q4 results and confirmation of full production at FB ?
"Is it too soon to be asking about Q4 results"
Good point. I wonder if the strategy is now to batch up last years Q3, Q4 and release with Q1 2023 and Q2 2023 in one total figure - so they look good :)
In all seriousness, it would seem that they are going to release Alluvial results with first declared FB income. I suspect Q3 results were not great so they will be included in the much more impressive FB first income results?
I can't believe they have not got Q3 results by now. They must be holding them back.
Ok I admit I am feeling glass half empty or maybe the glass has a hole in it ... bit of history on production results where they were issued late
Q1 2020 was the first real delay in production report 27/5/20 prior to this they were within 1 month +/- a couple of days - 50% reduction on prior quarter
Q4 2020 released 26/3/21 - 50% reduction from prior quarter
Q1 2021 released 2/7/21 - 30% reduction from already poor prior quarter
This one was comical ...Q2 2021 released 5 Oct - not particularly strong but then hot on its heels the very good Q3 2021 released 14/10/21 just 9 days later !
Q4 2021 was quick and had good results it was released on 18 Jan then 25% reduction for Q1 2022 only released 22/6/21 and then Q2 2022 a further 30% call released on 30/9/22.
I know there's been Covid and I know some quarters have rains but there's a theme here.
Not sure that they would batch up multiple quarters but there will likely be some narrative in Q3 results to try and spin how things have been better since 30 Sep 2022.
I have no idea why Fairbride is taking so long in getting to commercial production. Would be interested to know if there are production targets in the royalty agreement with Empress who incidentally have a first charge on certain MMP assets...
The picture shared a couple of days ago by Empress surprised me a little as it looked like the Marie Celeste. I guess the pickup in the car park belonged to the drone owner who took a trip out there during the Christmas shut down.
I hope the process to export and sell the gold has been completed which had caused Empress a delay in declaring revenue from Manica in their recent quarterly update
Got to be ~£300k's worth sold in the 200/250k batches over the last couple of months. I'm beginning to to think it could be the chaps down in Auz. (which is worrying)
Anyone recall how many shares they had?
An possible alternative and more positive reason for the delay is that Q3 and Q4 results were so good that, along with FB gold production, they are having problems in storing all this gold now. They are trying to sell it on as quickly as possible but cant sell it quick enough due to massive amount so can't officially record the accurate figure for Gold income.
I suspect we are probably at a few hundred million $ of income by now for FB, Q3 and Q4 and we will be waiting until all gold sold and payment made before any announcement. That maybe about half a Billion $ revenue for last two alluvial quarters + first FB income.
I did say it was a more positive reason for the delay and only a possibility :)
....if Carlsberg did quarterly gold income updates..
Andmillsy. Thank you for the historic research. This sums up my problem with the company, the utter lack of professionalism when it comes to communication. Set a date and work to it! By previous analysis, Q3 will be poor, why do we have to determine this due to the timeliness of the release?
"....why do we have to determine this due to the timeliness of the release?"
Colin being economic with the truth is the way he operates. He must see it as a benefit to how he runs his companies. If shareholders can benefit along the way then all fine and good but his track record doesn't exactly indicate that delivering shareholder value is high on his priority list. The only way it seems that shareholders can realise any value is being alert for SP spikes when the begging bowl goes around. LTH's always seem to be back at square 1.
Just had a top up at 1.8 p which has registered as a sell. There are many 'sells' at this price so I suspect there's been a fair amount of buying today. The sells recorded here are not reflected by the static SP.
On another matter, the last RNS stated that there were around 0.75 MT of copper at a grade of 0.33%. Although not what we were expecting/hoping for, that's still a lot of copper in a top notch mining country and even then it's not in the middle of nowhere. It's just down the road from Sydney. Even if nothing else is added to the resource, this is still an attractive asset. Just need a little more patience....
Cygnus, I've come to realise over the years that trying to gauge the market by looking at trades is close to futile! But I still do it and have been bemused by the string of trades at 1.8p today. Your post only added to that bemusement, but nice to hear they are not all sells!
ZeroMatrix: Yes, I know. I try to ignore them too. I try to get an idea from the sell and buy prices but even that doesn't always help.
I think you guys need to be realistic. Colin Bird ramped XTR hard, and now the market has 're-appraised' the reality.
This is a classic Colin Bird play, ramp-->raise money-->pays for his lifestyle-->SP eventually comes down to earth---->rinse and repeat.
He has been doing this for years and wont stop until AIM take firm action on him
Colin Bird’s AIM record (as of Jan 23):
Time he became CEO of BZT- SP 0.5….now 0.08
Time he became CEO of XTR- SP 10...now 1.8
Time he became CEO of Galileo 7.38...now 1.3
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
Stock Prices watered down by placings after placings and projects that go round in circles- meanwhile Colin Bird lives in the tax free luxury in UAE and indulges in expensive race horses.