The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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 .
One thing that has come out from steves demolition derby is that I have discovered that pumped or dumped ,com is a complete load of tosh!
I am only second place of all xtract posters!!!
But congrats to Andrew4444 for the number one slot ;-)))
Ironically, I believe Andrew is probably one of the most trusted and respected posters here, with a measured approach to optimism always on the air of caution and usually backed up by the facts.
I would just like to point out that the £3.86 CAPEX is for a small box of weetabix. The cost of petrol to pickup the box is the same if you get the huge family box on offer.
SteveAndrew8521 thanks.
Open at 5p tomorrow and 6000 posts about it up to 8 in the AM based on that calculation.
Yeehaaaa !
Steve4077 here borrowing Andrew4444's computer
I've run the Fairbride figures through my super spreadsheet and I've calculate income will be £3.86p a month at $2000 POG.
I just wanted to be helpful to you guys by giving you all the facts.
That made me laugh LittleWing .. thanks .. we certainly can all do with a laugh here now..
And I'm wondering if Steve... Austin? - as in the 6 million dollar man... as in the amount that analysis hit the xtr market cap by - is taking your post as an open invite... and is busy doing some Fairbride number munching at this very mement ?!
That is pretty compelling. If the central overhead remains within £2-£3.5m per the last two years' accounts, that would make for a tidy bottom line in its own right.
I forgot to mention there is an interview on the Empress website, they were asked about Manica and re-iterated they expect a production ramp up towards year end, they are very confident about the revenue stream, to get an idea of value they have invested $3m to secure a 3.3% royalty.
I recall in historic interviews that Xtract would receive revenues of $500,000 a month from Manica (with no costs) once it hit commercial production - would bring in annual free cash of circa £5m verses the current m/cap of £17m
Makes XTR equity looks silly cheap in my considered opinion.
Update.
Didn't last long.
Still
202.5 to sell but
207.4p to buy
Let's hope this was oversold through panic and we start to increase
20
Yes correct they are.
All the trades at 2.04 and 2.03 are buys
The sells are 2.02 and below.
Strange spread right now though.
2.026 to buy
2.025 to sell
Very small for this share and obviously buys and sells will be mixed up on the trades when they come through.
GLA
Topped up at 2.026. Showing as a sell at 2.03 so guess the other trades at 2.03 are in fact buys.
A week or two old now, now dust has settled.
Copper futures rose above $3.6 per pound from the two-week low of $3.57 touched on November 21st, as measures to stimulate construction and industrial activity coincided with looming supply concerns. Authorities in top consumer China 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. Additionally, the PBoC cut its reserve ratio by 25bps after rapidly increasing covid cases in the country drove the government to trigger strict lockdowns and business curbs. Concerns of upcoming shortages also supported copper futures to hover nearly 15% above the 20-month low of $3.2 hit in July. 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. Freeport-McMoran was also vocal about shortage risks, stating that low prices do not reflect the tightness of the physical market.
• tradingeconomics.com
Cu around $8,200 mt. Hopefully even higher in 2023.
No doubt someone has their calculator out on Empress' figures (since they will know better than the people at Empress of course). I think I will wait for the amateur non-qualified report before I come to the conclusion that Fairbride is economic.
Empress Royalty has a new presentation, it says they expect that the Manica Gold Project will achieve commercial production in Q4, this obviously will be very beneficial to Xtract.
See page 13
https://empressroyalty.com/site/assets/files/6298/empress_royalty_-_presentation_-_november_2022.pdf
Investing. The decision to mine hasn't been made yet, at least not officially, only in a cosy podcast chat. We need an RNS to be certain