George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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A bit worrying that sky news was talking about the Wagner group and how they are in Mozambique amongst other places in africa and meddling with mining operations to benefit Mr Putin. I hope that is not widespread in the country and affecting Manica.
"i feel its nothing to do with pre selection of ore or any other side show but purely the price of copper."
Agreed.
Tbh I doubt the ore sorting prog has worked as well as CB had hoped, as if it had i would have thought he'd tell us or at very least given a hint / indication that we have some good news coming.
Bushranger is just a play on future copper price IMHO.
As negative I have been on CB, and rightly so, I still think we will get a sale of bushranger as POC will, eventually, make it attractive to a major.
Just not sure if that will be in 1 year time, 2 years or even later !
I think those costs are what Colin would like them to be but MMP have not confirmed their costs.
I will listen to that podcast again
Fingers crossed. i feel its nothing to do with pre selection of ore or any other side show but purely the price of copper.
Copper flying though ATM, up 9.6% on the month so far at 8488$, another month at this rate and we will through $10k and into the fun zone that CB needs to if he is to make BR work ( and the results of the study).
No SP movement then lol
>>I like the analogy that they are both waiting but hopefully we have slightly better fortunes!!
The company are clearly riding out the trough until better market conditions return. Coincident that a late unforeseen change in auditor has delayed end of year results. So regardless of market downturn the company would not be able to release any finacial/operational updates post Q4’22 or certainly ongoing strategy for BR without final results as would be very reliant on cash banked and flow projections to base any immediate plans to progress.
What would be the point of results of pre-concentration study being released now for example, if sellers would then negate any rise in share price rise from any positive news as we have been seeing.
Overall sentiment has to change, and those buyers return that are looking for undervalued market caps to assets held, where xtract will be in the position to get the jump on most other, same sector companies as should show self sustainability now with a good news flow to follow that most of those competing companies ‘don’t’ have any main incomes sources to progress project portfolios and are heavily reliant on share placements.
Or alternatively, one could suggest a further raise may be needed to progress BR, this depends on factors such as other projects that are in the pipeline. So a PR drive will require news flow to hit a target price to reduce dilution to shareholders so would be fruitless to waste any news now.
Too easy to be drawn into no news must be bad news.
Just a thought.....
If the German's had communicated using the "Dani code" during WW2, the Enigma machine would have no f@@king chance of ever breaking that code :)
Play the game not the man Dani,.
wink
Dani:
You are labouring under the misconception that you can tell us what to do here
You aren't in charge here even though you think you are.
I'm not going to post ANYTHING just because you've told me to.
I'm not going to repost my findings just because you've demanded me to do so.
You haven't posted ANYTHING of substance yourself, only half thought out plays and wink wink, lets talk in code posts.
The problem with most of your "coded" posts is it's only you who has a clue what the code is.
I'm not out to get you or stalking you, quite the opposite, I just wish you'd post less rubbish as it blocks up the board.
Andrew, I do hope Xtr are in slightly better condition than the sinking ship that is the UK economy under the leadership of gap year PM, Rishi. Colin may not field answers but Rishi answers differing questions with the same response.
Rishi is hoping to weather the storm, keeping his fingers crossed that raising interest rates will solve everything. Colin hopefully has some profit up his sleeve for us.
I like the analogy that they are both waiting but hopefully we have slightly better fortunes!!
Could be out next week but should be out in next 2 weeks latest.
Will we get some clarification on ACTUAL PROFIT from FB in next set of results? Hopefully.
If AGM is in next 2 months, CB had better get some great news out asap.
He's a bit like the PM, both hoping things can turn around in the short space of time they both have before they have to face the voters / shareholders
Dani
Your view that "Still haven't told me why Colin is gonna get battered." (at AGM)
supports my view that you
"haven't a clue what the situation is here."
AIMHO
"The fact you ask so many fundemental questions shows you are either too lazy to do your own research or haven't a clue what the situation is here."
Spot on.
I'm going for the latter of the two possibilities ! :)
Calm down Twinkle, people are allowed to question the company.
It's better than blindly and continually stating that buying at 1p is the dead cert way to make a fortune.
AIM is high risk and ATM XTR is VERY high risk.
If this goes wrong we won't see you for dust.
The fact you ask so many fundemental questions shows you are either too lazy to do your own research or haven't a clue what the situation is here.
Lovely day here !
>>What word sticks out like a sore thumb?
Imposter!
Note the absence of usual annoying signature 😉
Boing boing
That was a whirlwind couple of days but I switched off to their cheeky charm, ironically at
No one listens to Joey 🦘
Yup
Good luck to you though
Craig, had a shoulder op last year and is doing well, just bought back in to XTR, regrets his WSBN play.
And yep I still have arund 0.7% of XTR, CE seems to have gone very quiet.
This is not your thread ma , get back on your own ! ;)
Was on the Zambia special the roasties done. Kakuyu in pit of 25% copper with average grades of 3-3.5% which is very decent.
https://youtu.be/qQsePtcXqW8
From 9min 30
Can recall an interview with Martyn Churchouse where he said at Kakuyu he could show you in pit veining of 10’s and 15% copper.
Will try find it later I save most pods.
Not seen any historical data for Kakuyu not sure there is any! Can’t be certain if was artisanal or industrial scale operation. Colin was adamant tho when pressed that it will only make a small contribution at first.
The hope is the further strike extensions potential that will see share to xtract increased to 70% with ultimate plan to develop a plant if viable to maybe also accept out sourced ore.
Lots of ifs and buts and some hearsay but the project had Martyn churchouse drooling over the very high grades evident in pit from a site visit.
185ton bulk sample went to Kabwe and since then an agreement has been made to process.
Can’t offer anything more we don’t know already tbh unless I’m missing something.
Colin has lithium at GLR but it has made no difference to the shareprice. The markets are poor generally and despite copper holding up well sentiment on the exploration plays is dire. But that might be for good reason .......