Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Thank you backtothesoil, you saved me a job putting the idiot in his place.
He's just got buyers remorse on the £50's worth he bought at 7p
I'm amazed that somebody is unable to understand why there might be a lack of trust in anything Bird says but then I don't think OSV understands much at all.
Despite the downward sentiment across the sector the board have been working under difficult circumstances to build real value which does not yet reflect in the SP. Trust the board and Colin Bird's experience. it seems that a few smaller holders have over stretched but they need to show some resilience if they are to benefit from the inevitable upturn. It was very much appreciated that Colin Bird found valuable time to address the concerns of those mainly small shareholders. Perhaps now is the time to support the board. The lack of trust (from some) in people that know how this works is quite baffling if they are indeed shareholders.
I kinda hear you Jezzoo..
(Flat is one thing .. but the classic trickle on down if news that could be reasonably expected - eg q2 Manica - but is slow to be delivered has a punchy cumulative downward s/p effect ....... so, towards giving some impression of professionalism by you and your staff, stop your messing Mr Colin Bird and get out the Manica q2 numbers asap.... )
Andrew, the reason you can sell a large amount, will be because someone has a buy order in at a set price. Probably a trader.
I think most LTH and anyone who was a buyer TBH have bought just about all they are going to buy.
I haven't bought any more since the end of November last year when I had my final top up of 233800 shares.
I might buy another 1/4 million if it drops below 0.75p just to make my holding a round figure but that will be it.
I should imagine there will be many in the same position.
There won't be much buying until some good news comes here and yesterday, whilst it wasn't bad news, wasn't good news either.
It will be flat until Manica results are finally released and then will go one way or the other depending on the figures.
PS: the 'unknown' trade just printed here for 75,000 shares is a buy .. my latest buy..
(I continue to do my bit here.. and, including all circumstances, I'm genuinely surprised more buying is not occurring around these s/p levels around now)
I listened to the podcast and it felt a pretty impressive effort from - the one and only - Mr Colin Bird to me .... and reminds me that the current 10m ish gbp market cap here is brutally harsh, even in this awful market.
The 'imminent' q2 Manica gold revenue to xtr update - hopefully with some general steer for q3 numbers in that RNS too - should see this s/p rally decently.
(To me 2p an xtr share for Manica alone is now very easily justifiable.. and so even if you want to currently value all copper assets at zero - which feels extremely harsh to me - this share is still very undervalued on Manica Gold revenue alone)
Imho & dyor
Who is Rick rule?
Will watch later
£5K buy gone through but MMs then put through a sell at 1p for 68 shares!
So now down 2.2% even though 490K buys v 68 sells
Hmmm?
Btw MM's will still happy to take 1.6M shares from me !
Really good interview with Rick Rule.
https://youtu.be/SDOgfrgtA7k?si=nEQfrm2Y6nVOaT4M
Colin was invited to ramble and ramble he did. Oxides 89%, sulphides 10-15 years, mission is to find oxides, 85kg/month. Question should be: What does he intend to do with the money coming in?
The man can talk the hind leg off a donkey if you let him. No surprises he bragged about Kalumbila/Sentinel. Honestly, you could play bingo with Colin's interviews. The way he banged on about IOCGs in Zambia and how underexplored the country is was hugely reminiscent of 2019 with Eureka. Look how that turned out. No questions about how the previous two ventures in Zambia have failed/been cast aside so why should this one succeed? His words are hollow.
Surprise surprise Kakuye isn't able to be brought online like he said before. It's more of an exploration venture than production. So that's another forecast that's been proved wrong. "It would be cavalierish to start stripping when you don't know what you've got". That's what you said we would do! Which brings us back to: what are you going to use the money from Manica for? This is so important but has never been asked.
"I feel blessed for our shareholders that we've got this acquisition". Many shareholders are 50-75% down. He's optimistic about the future. But still absolutely no indication of strategy to bring about shareholder value apart from being certain the Cu price will turn and harping on about sp/value disconnect. Nothing we haven't heard before.
Is it reasonable to expect CB, and the rest of the Board, putting his money where his mouth is and buying lots of shares shortly?
Reassuring interview I thought, there is a clear enough plan to progress assets within the limits of the treasury for as long as practical. Like I said, work has been non stop and will continue throughout any further down turn , whilst others have seen their projects parked up due to funding difficulties to progress he made the point on that xtract are on their way already.
Nothing changed at BR, they will wait for full study to see “if” further drilling will be needed to increase resource as and where necessary. They won’t be drilling to 2mt or more that’s not what he meant. Viability over quantum to repeat one of his other previous comments. It was always going to be new age mine supported by higher copper price, that’s not a recent revelation, $4/lb was benchmarked in ‘21 study.
Hope Kakuyu will see progression toward something that can bring in some cash, confirms they are not running any ore to plant in a small op to generate cash flow toward that bigger exploration prog short term. Plus side is looking to be a far bigger proposition.
Seems genuinely optimistic about the new Zambian ventures.
My thoughts too DREW.
did I hear 6% copper flat terrain ZAMBIA ❓
Agree Jez
Invest profits Mozambique gold into BR
Overall I liked that podcast, I can see what he's doing with Zambia, already alluding to high grade "coal mining" of copper and a drill campaign to prove it up. The "repeat" is forming, ready for the first hole spike and similes galore, get ready for "like a huge turnip Zak" etc. CB is getting his ducks in a row to keep team XTR motoring for another couple of years.
Hopefully somewhere in that period the copper price spikes and we have two copper plays to sell.
And finally have something genuinely nice to say about him that's not agenda driven.
Come on CB, prove me wrong.
Really? He always talks a good game on these podcasts.
Been here since late 2014. At that point, they were excited about Chepica!
Hard to believe that this almost hit my break even in January 2021 and now sits where it is now.
Long interview just on Xtract.
I wonder if this is the start of a PR campaign to boost SP? Maybe Q2 results soon with a commentary on indications of Q3 results??
He speaks of lemons.
Mmm..
He is upbeat without being over the top in that podcast.
He's finally admitted BR isn't going to happen until the copper price fits, as I said yesterday I think it will happen but who knows when.
He says he thinks there could be three times as much copper there. 4Mt ??
It will take drilling to prove up, again as I said yesterday we need to spend our earnings on drilling BR if we genuinely believe that potential.
Blessed ? PMSL.
Quote by CB
" I feel blessed for our Shareholders, I really do "
:)
Https://audioboom.com/posts/8384611-sunday-roast-featuring-colin-bird-executive-chairman-of-xtract-resources-and-shaun-day-ceo-of-g
Xtract from 11 mins
(In short, CB says future for Xtract is all looking great !)
I didn't mention numbers I mentioned your slim grasp of the company you have put your fifty quid into.
I looked up numpty in the OED and it said described a DaniTwinkleRussianMaELLA, whatever one of those is.
Jez
All numbers datamined from stockopedia you NUMPTY 🌹
You haven’t a clue about anything really have you ? One minute you are the XTR guru next minute you’re asking whether we can keep footrot.
Loose cannon and our very own village idiot