Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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But no-one who posts here has an agenda, right? Guys?
Hey joey
Xtract will not be intending to mine as you have said. The ‘decision to mine’ is just a term used in the buyback agreement along side 2mtCuEq as targets that Xtract are working toward.
One is just target size, the other, now the preferred option is to show an economically viable mining model at PFS level.
One or other will trigger the buy back mechanism, a pre determined process that a value of asset will be reached if AA decide to take up their option to buy back in. Or subsequently not decide to, where xtract will be free of the legally binding agreement and can offer the project to the global market.
With the desired outcome being a 100% asset sale regardless.
The company have announced that they ‘don’t’ foresee a fundraise in the next twelve months to advance the current projects.
Can tolerate the cheeky cross ramping out you taking the p155 now and of course your opinions regarding Colin Bird are just that, but please dont spread misinformation on a company you clearly don’t know much about now.
You are now coming across as rather intolerable to put it mildly.
NB, the below musing, is based on Colins statement, where he says:
"At this stage we have minimal intention to continue the Eureka Project and the Company has therefore impaired all costs relating to the project."
LW 13:25 Ref Dani.
My thoughts ref Eureka, all would be gushing, had we the money in bank from sale of BR, but as we don't, (yet), better an imparment for 2022, to set against taxes, than raise un-necessarily, considering cash levels declared.
I note this remark too, as it could very well be applied to Eureka, once BR and it's 1.3 MT CUEQ, is finally sold?
"Where an impairment loss subsequently reverses, the carrying amount of the asset (cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately, unless the relevant asset is carried at a revalue amount, in which case the reversal of the impairment loss is treated as a revaluation increase.".
ie, Eureka need not necessarily be dead and buried, it is for now, at least impared, might be useful in shorter term to set against group taxes for 2023?
Kakura on the other hand appears self sustaining, or within projected Fairbride income going forward, which April to Oct (at least) will be based on our share of operating profits from 65kg, or more of production.
Just my musings, I may be completely wrong?
Better laugh than cry, I feel...
And, to that end, thanks Andrew for making me laugh with:
''Roast: So Colin isn't this a good time to buy in to xtract at this very low sp?
CB: Absolutely, its very undervalued at this price and I'm utterly convinced the SP will be moving higher soon.
Roast: Thanks Colin, bye.''
PS : I've noticed the Roast boys need to clock up a decent few mins to get their full charge rate for those interviews. So, towards getting to a minimum say three mins, how about also:
So Colin any tips Newmarket or Sandown Park meetings in July?
Any 'orse with Gold even remotely associated with its name lads, and you're on a winner
(Roast boys seeing still only 2 mins on the interview clock)
Thanks Colin, and how tips for Goodwood or York meetings in August?
Any 'orse with Copper even remotely associated with its name and you're on a winner lads
(Roast boys seeing still only up to 2.45 mins on interview clock)
Any chance of getting us freebies into your boxes at any or all of the those Racecourses Colin?
Normally I'd reserve those boxes for my key Xtract, Besant, Gallelio etc shareholders lads, but not one of those have accepted my invitation this year.. so no problem at lads.. indeed bring your wives and girlfriends too lads.. I'll be bringing all mine this year..
Thanks Colin, Bye
Ouch.. lets try about 'bird_ sh2t'
apols, i mistakenly put an i instead of 1...as in 'bird****' !
that 100k share buy at 1.26p just now is mine.. and i will be adding more into any further weakness from 1.25p on down too.. if there is any further weakness, hopefully there's not, obviously..
i believe the fundamentals here are worth far more than an mc of 10 odd million gbp.. even including the 'bird****' factor...
(again, i don't think this s/p deserves to be under 2p now.. even including the aim market and this sector being at a - very - low ebb around now too .. so i'll once again go with history shows that a good time to buy on aim is often when fear abounds and s/p's are in the realms of 'the pits'..)
MM will now take 1.1m
If this was a basket case you wouldn't be able to sell any or very little
No that’s an Austin Allegro!!!
Another pile of s***
But why would he do that ? was cash needed in another of Colin's companies ?
Dani... explain your comment
"Joel been cooking books to make things look bad . Just my GUESTIMATE"
Why would he do that ? You might do that if you were wanting to hide cash from shareholders maybe.
Going to be cheaper to buy the company than just BR the way this is going!
Dani, did the annual accounts come up to your expectations ?
Ffs Colin, f off will you and let someone who is interested tun the company. Just looked in again and down as usual. Don't knock me for bring frustrated but that hype, it's like getting into an Aston Martin with a top speed of 80!!!
On TG Kevin said there will be in interview with CB
No date given.
Poor CB. He's going to face some really hard hitting and difficult questions from the roast guys!
Roast: So Colin isnt this a good time to buy in to xtract at this very low sp?
CB: Absolutely, its very undervalued at this price and I'm utterly convinced the SP will be moving higher soon.
Roast: Thanks Colin, bye.
Flipper56:
Bird`s `focus` on GLR for many years has actually produced nothing that has had a significant, POSITIVE effect on the GLR SP. Over many years too, there has been lots of speculative hype (aka dreaming) that has undoubtedly attracted some investors. However, Bird`s performance as the CEO of most of his ventures has been consistently dreadful - vis a vis major falls in the SP of all of his companies. But, don`t worry folks, its all going to happen `tomorrow` - Er . . . . ???
Colin needs to make a statement regarding this total mess.
I think Ma's 1p is coming !
Matt
Operating costs across year 21 and 22 included £1.47m in ‘21 and £0.25m in ‘22, for those share options granted to employees and consultants. Also included were the costs impaired for Kalengwa @ £.32m in ‘21 and £.98m from eureka in ‘22.
‘23 should see an improved balance sheet with Q1 audited results to follow shortly and within next 6 months the full updated conceptual feasibility study at BR.
The real positive pointed out by Andrew is they announced they don’t see the need of further placement to advance current projects.
Clearly Colin has not been able to resist making those "hasty decisions to acquire new inferior projects". Too many have benefitted from those deals whilst shareholders have paid the price.
It looks clear now that delivering shareholder value is very low on his priority list.
The appointment of a new CEO could be worth a penny here IMHO
Btw, I should have added at the end ....
that's the added value CB has contributed to this share over the years !
SP is at a discount imho due to the CB factor
I can sell 750K.
There has not, so far, been a wall of selling and many could if they wanted to now (couldnt sell early doors).
With sentiment so low and all the lack of news and indeed much disappointing news, it COULD be that we are at or near the bottom???
We had an official offer (in an RNS) for FB 4 years ago at a higher value than the current MC - and that was before there was a working mine at FB and we had any profit. POG was much lower then as well