The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I wonder if VulcanBob attended the AGM. Perhaps using one of his other names?
Colin’s got nothing to worry about in every barrel is a possible bad one needs treatment or thrown out all will be revealed later.
It’s no secret Dani, if you behave they will let you stay. But ok, ma it is. Btw you are wrong about Ella they are meant to be Colin Bird, which then would make you Colin Bird! But, you both cannot be as…….I am Colin Bird
Don’t believe that was the question LW. Costs have been absorbed already toward Kalengwa so no.
CB really does need to keep his emotions in check and not let himself get carried away. Do agree in that respect LW
"Lets get to nitty gritty is this kalengwa debacle likely to damage XtR robust balance sheet? If not then for me there is no issue."
Its an issue because it directly affects the credibility Colin (and hence XTR) has with the market. That directly affects the SP as we have seen. Its a big issue as the markets's verdict is probably "why should we believe him this time ?"
Ma i thought you were Russian girl. Call it a feeling but for some reason it crossed my mind. Maybe the way you post has a resemblance about it
Hi all. Quick drive by as I couldn't resist the below.
"I personally did not read what he wrote"
" all you lot got sucked in to his phoney analysis."
Everyone who read the analysis and agreed has sold up and left. Anyone who didn't agree held on to their shares and stayed. As you didn't read it, your assessment of the analysis must be based entirely on the people who stayed. Sound logic!
"Yep Steve4077 analysis on the Jorc announcement had a horrendous effect for those that sold their holding in XTR"
Yes, terrible. All those people who sold at 2.5p could now buy back in at 1.8p (if they wanted to).
Just as an aside, were you aware you can invest in ETFs that move up and down at triple the change in the copper price. No placings, no guesswork and no misleading interviews. No one is ramping or de-ramping because it has zero effect. If you believe in copper, just invest on the price alone and gain multiples. I'm not going to mention specific ETFs but they are not hard to find.
Hi James yes that would certainly confirm a more definitive withdrawal from Kalengwa. I had only previously caught the action in the comments in the same year end audit which was more vague.
Question is wether it was a genuine reason given regarding remoteness and lack of power, opposed to any disputes or relating to it being the reason?
If the former there would be less reason to suggest Eureka has gone or going the same way with the last update being that they are considering options for possible ‘future’ development. Is certainly open to interpretation though. The wish imo, is for Eureka to be subject of the deal with KPZ having soured which just seems more likely for whatever reason, and Xtract can acquire the exploration and mining rights solely.
To be in the position after trial mining there and a subsequent irregular mett result that was then dismissed as a localised anomoly they were then ready, to proceed with mining and then….. Change their mind?
(Same report)
Let’s hope there is hope still for Eureka, the prospects are tremendous.
I believe VulcanBob is probably the same character that told someone you couldn't be CEng without a good degree - they were named on another board.
I am not trying to defend CB but I do find this character rather interesting. Someone suggested my research wasn't up to scratch so I'm polishing up on it.
Howezap from the annual report;
"Post year end the Company decided to withdraw from the Kalengwa Project in Zambia and fully impair
the carrying value with a consequent charge to the income statement of £0.36 million"
based on the above id say its foolish to hold any hope in kalengwa contributing anything to XTR, obviously we are speculating on Eureka following a similar path but based on past experience of XTR I know where my money would be on
Colin's bigging up of those projects give me plenty to be concerned about tbh.
The article dates from 2019 so not really news.
It does highlight the risks posed by anonymous posters on a bulletin board - we know nothing about Kwadoku / VulcanBob.
Both Kalengwa and Eureka have been removed from Xtract website, and there is no mention of them in latest corporate presentation so not something to be unduly concerned about.
Personally Dani no, their posting history shows one of being very anti CB ‘beyond’ the few recent copy pasted onto GLR! There is an ‘apparent’ dispute in ownership of Kalengwa but maybe one that xtr felt was worth getting a foot in the door with KPZ for. Geordie would maybe be in a better position to comment I think but to start speculating and writing Kalengwa and Eureka off by trying to read between the lines is foolish until an update is released.
Adrenalin rush you say! Definitely not an adrenalin junkie, scared of heights, speed, wasps, wife,…..but my reputation for being over optimistic does precede me…apparently
Relating to the deal with KPZ and the ‘legitimacy’ of the disputed ownership. Will see what comes next month when the exploration license is up for renewal. 1st April
Could by why Kalengwa was subordinated
https://www.lse.co.uk/rns/XTR/comment-regarding-zambia-media-reports-ydfyagthppx9udd.html
Btw Vulcan bob is likely one of the same as pops/kwak multiple disruptive accounts. His history is in exact same copy pasting style and content
Shame on you.
Vulcan bob it’s a sponsored article so biased it’s blatant
For Kwadoko: https://www.lusakatimes.com/2019/08/02/you-are-the-company-you-keep-a-tale-of-two-mining-companies/
I share your views on Bird Kwadoko! However, he is beloved on the GLR`s BB - he can do no wrong. As it happens, for the last 2 days there have been no entries on the GLR Board. Accordingly, I couldn`t resist copying some of your inputs from today`s XTR. Hopefully, it will generate `food for thought`.
Further on the subject of Bird, on the GLR BB I highlighted some articles from the Lusaka Times which showed him involved with a high-grade villan of the first order in Zambia. The articles covered in some depth how Bird was involved with the villain in question in taking over a mine. Surprisingly, much of the press coverage has now disappeared - I wonder why, and with the influence of whom??? That said, I have still managed to retrieve a much `sanitised` version from the Lusaka Times today. Disappointingly, a lot of the finer (aka juicy!) detail is missing!Zambia : You are the company you keep: A tale of two mining companies (lusakatimes.com)
I reserve my judgement Howezap
CB does appear to use his power words loosely " Tier 1 world class". Surely not all his companies have world class mines being explored. That in itself would resolve the copper shortage. Best i let Chinas leader know cB has cracked it
Good news for some then Docit another step forward.
Colin still managed to squeeze in a word for the oz team intentional or not.
It seems going on CB comment in the above they also have Tier 1 world class copper gold project.
I have them also like the rest of CB children
New podcasts out, unfortunately it’s for BZT
Whilst on the subject of First quantum’s Panama operation. It had $10billion spent overall with $6.5b of that spent by them, and the panama government decided to close it down because First Quantum wouldn’t agree to pay them extra 375m a year in royalty and taxes. This a prime example of the risks from being in geo politically sensitive country or region.
Places such as Australia, North America and Canada are prime examples of places with more stable governments and policies that are supportive of mining. However, there is still the social and environmental factors to consider that are so much more prevalent now within a good jurisdiction. Being in an an environmentally sensitive region poses it own risks too. The Pebble ‘proposed’mine in North America is the second largest ore deposit of its type in the world, it has a measured and indicated resource of 6.46 billion tonnes of ore grading 0.40% copper, plus good gold, silver and moly values drilled over ten years with permitting ongoing for over 15 years now. Unfortunately, as Pebble is located in the pristine Alaskan Tundra, due to major environmental concerns over its waste discharge plan and the catastrophic effect the 50billion gallons+ of toxic waste water from this potentially destructive mine will have , if it ever polluted the many rivers and streams. This is why Pebble will ‘never’ be a mine and rightly so.
No such issues in NSW on both fronts. Jurisdiction is of paramount importance if a potential sale is to be agreed down the line.
The strongest indicator yet that Chinese economy will grow, leading the way for a shift toward an increase in demand.
Chinas influential contribution toward futures cannot be underestimated.
>>>Copper futures jumped above $4.15 per pound, rebounding sharply from the near-two-month low of $3.95 touched on February 27th as strong economic data for China pointed to a sharp recovery in the country’s industrial sector. The latest PMI reading revealed that China’s manufacturing expanded at its fastest pace in multiple years in February, opening the way for higher output in the coming months and suggesting the economic reopening had a profound impact on activity. Persistently tight supply also supported copper prices, as production halts in major South and Central American regions compounded concerns about low inventories in the US and Europe, adding to views that copper markets could be heading into a deficit. Besides mining deferments in Peru caused by political unrest, ore processing operations in Panama have been recently put on break due to government tax and royalty payments issues from Canada’s First Quantum Minerals.
• Tradingeconomics.com
His previous other company podcasts have just been general operational updates. Could be similar as Manica and Kakuyu have seen lots happening. Can’t see any worthy news from oz if there is not a preceding updated study RNS
Hopefully some meaningful questions have been asked.