The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"How to say plenty, without uttering a word"
Agreed. It seemed like a clear nudge and hint that Steve's conclusion was wrong ....without saying anything which contravenes the rules.
Putting aside the emotion on this issue and using logic - after phase 2, If it still was looking likely that it wasn’t going to be economic then Xtract would have announced a phase 3 programme imo. The fact that phase 2 was done shows Xtract must have had some in house assessments to show more work was needed after phase 1. IMHO those in house assessments now show that it is now very likely to be economic at circa current POC. Those in house assessments may even be more sophisticated than just using a spread sheet:)
Three conclusions:
1.Either Jeremy Reid / Quinton Hills and their team are so incompetent that they couldn’t do what Steve did or may be they couldn’t be bothered as they wanted to watch the football.
2. They did what Steve did and came to the same conclusion, but thought, “what the hell” let us get the economic model out to show we need POC at $11K+ for it to be economic. Surely, the market wont have a problem with that?
3. They did their inhouse calcs and decided it was economic and at broadly current POC, so could take it to the next level for independent economic modelling. Where the economic model would give actual precise details, options and best way to improve efficiency, refine, and fine tune results.
From their views, It would appear that two other guys with mining knowledge (John Cornford and Iceberg) have come to conclusion number three.
Absolutely, Steve! And thanks for the cracking song, Colin. I’ve always loved it. And I know what my take is on the lyrics! How to say plenty, without uttering a word?
To be fair... that was the most confidence boosting message I've heard from Colin in the last year! Expecting a positive market reaction tomorrow. ;)
To be fair it is a very light-hearted mention! Don't anyone get too excited.
https://audioboom.com/posts/8207040-sunday-roast-featuring-robin-brundle-executive-chairman-of-technology-minerals-lse-tm1-ben-t
XTR mentioned in todays Roast at 34:50.
Just looking at the ascot final drill results and cross section diagram again. This is quite an exciting prospect with very limited drilling to date. . The body is vertical but extends over 1k and delineated into 3 zones, but the grades are really good. Surely this has been be drilled out to maximise shareholder value, unless RC comes up trumps with its near surface 0.6mt of copper. Along with the gold income, there is massive potential in this share. Compare what we have against a lot of the rubbish on the AIM. I have topped up quite a bit last week as a result.
Couldn’t help but smile when the commentator said, “PSG have got a ‘buy back agreement’ with Eindhoven for their wonderkid Xavi Simons when he came on as a sub in the Ned v USA game.
Hope ‘he’ is as good as they make him out to be and he scores a shed load of goals to trigger his buy back mechanism to play for a ‘major.’
Unless of course PSG have a one time opportunity, (before it falls away) to exercise the buy back wether the opportunity comes through scoring a shed load of goals or before he makes a ‘decision to retire’ at about 35 if he has the economic viability to do so.
Lucky b@$%#¥+
Futures seeing a boost with more positivity of expectations that are increasing across a broader range of fronts.
Copper futures rose above $3.8 per pound, approaching the 4-month high of $3.9 hit November 11th, supported by hopes of a pickup in industrial demand and looming supply concerns. Expectations of demand for industrial inputs in the US improved after Fed Chair Powell signaled that the central bank may slow the pace of rate hikes this month, while the PBoC cut its reserve ratio by 25bps to stimulate the economy. In the meantime, Chinese authorities lifted a ban on equity refinancing for listed property developers, shortly after the country’s top banks extended $162 billion in fresh credit lines for the sector. On the supply side, lower output in South America continues to raise concerns of shortages in the near future, as top producer Chile mined 6% less copper in 2022, and mine protests in Peru hamper production. Commodity trader Trafigura warned that global copper stocks have fallen to record lows, with current inventories enough to supply world consumption for just 4.9 days.
* tradingeconomics.com
It appears that the CCP are realising their covid policy error and are slowly releasing restrictions. This should also help copper prices.
https://www.reuters.com/world/china/scattered-easing-covid-curbs-across-china-after-week-unrest-2022-12-02/
The idea of an XTR RNS Advent calendar sounds good to me.
So often we get some news of one aspect of the company (e.g. first pour of gold) followed sometimes by a little twitch of the SP. Then the 'yes, but ...' brigade pipe up and belittle achievements elsewhere with their tired old narrative of over promising, over enthusiasm, mispronunciation of 'ole, etc. And the SP falls away again.
The value of a news barrage, probably best separated by a day or two each, coving 3 different aspects of the company's activities would indeed be a joy as we open those calendar windows, each new RNS announcement to be found inside bolstering the previous one and presenting the true picture of a company doing well on all fronts.
'appy Christmas to you 'n all Colin!
'
Copper looking firm at c8,340$ mt
Q3 Alluvial results should be released by end of this month. Imo they are unlikely to be released in between xmas and New year so that means they have until Friday 23 December before market closes – 3 weeks to release this info.
Also, RNS stated that Ascot MRE should be released by end of the year .
Also, Empress Royalty have also confirmed FB should be at commercial production by end of the year.
So it’s possible, (probable?), that we may get all or some of Alluvial (+ small Hard rock) results , Ascot MRE and FB update / first income declared within next 3 weeks. If not, then early Jan is going to be busy !
That's a few goes at getting sp back up to at least 3p fairly quickly.
Yes, Racecourse is the main Jewell in the crown, but let’s not forget there are still a lot of other very nice precious stones in that crown :)
Andrew.... you are at the top of the list based on sheer perseverance, dedication.....and time spent.... Wear the badge with pride
The alternative view is to DYOR and not to try and second guess what anonymous poster's real intentions are.
The point many miss imo, is that just because someone is being completely honest with their view, and there is no hidden agenda, that doesnt mean they are right !
So DYOR and view others opinions with either some interest or amusement :)
Very intresting & humouring
Watch out for these groups and individuals - they stand out over time but check the lists below if unsure.
.If someone has a known history of pumping and selling then why trust them now?
.Look out for long posts trying to wow you with knowledge - Repeat copy and paste types.
.Groups will attack in packs if not towing the line, try to get others to "block" or "filter" etc. Block no one, read everything.
Not too much in that Cornford article but he did say
"What worries investors is that it might now be to small with too sp**** grades, to be economic to develop.
That however looks a bit pessimistic. "
So he also seems to agree with Iceberg. On balance it should be economic . I assume that means at broadly current POC as it obviously will be economic at a much higher POC.
My repeated view here is that this will do well but not as well as CB has implied (does it ever), and I think that's what appears to be happening.
Obviously POC will play a big factor in how well this will do.
Really wouldn’t like to guess what algorithm is used to compile the list of top rampers. I yes jamesiecakes, a pathetic 144th is only 10 places above FatherTedFeck and humbogumbo
Must try harder James ;-))
The list is like a who’s who, I can remember most from top half and many others.
Ben
Better than bloody 144th!
Cheers
James
Speaking of farcical : I've just looked at it and that rampers list is just that too
.. and you should indeed see 27th as a compliment Ben 'owell
PS: on a longterm perspective, I'd have put captainbob top of that list :-)
No mention by him of African assets being part of the market cap.
Ditto many posting here for a long time too
Farcical imho
I'm quite disappointed with my 27th place to be honest, way below Nice to Michu. Or perhaps it's a compliment, saying I write balanced posts ;)
I actually think it's out of date - CE and news have hardly posted recently. I do wonder what's happened to them.
He doesn't really provide any insight. It smacks rather of a need to fill some column inches rather than a journalistic analysis of fresh information.
That article sort of implies that the circa 1mT is the final amount in racecourse. It is what can be attributed a JORC rating. There is more around that proven 1.1mT and more deeper down. In all fairness he does say we are waiting on what Ascot has too.
https://masterinvestor.co.uk/commodities/december-mining-update/
Try this
Interesting and seemingly well-balanced article on XTR by John Cornford in Master Investor publication today. He was the person whose articles first got me interested in XTR. My techie skills unfortunately not good enough to post a link .