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Ords to that effect, strike while iron hot,
>>It wasn't last year AGM but THIS YEAR. I was there.
Wasn’t aware he repeated it this AGM too. Thanks
Guy
're BR
You wrote
♦️Don’t know da that was the intention given at last years AGM to strike while copper price is low
It wasn't last year AGM but THIS YEAR. I was there.
What has changed SO SO much in less than two months
As for other assets I agree wholeheartedly. Been writing about it for months.
You can call me CRUEL from now on
Colin did an interview on Zakstraferscafe today in relation to BZT. He commented on the fact that the majors are still demanding resources of 2 m/t plus.
He also covered the AIM frustration and funding issues.
I note that there is now general talk about giving PIs more of a chance to participate in secondary placings. RkH did that last year including warrants. Maybe it's something he could consider with his companies. Over the years the constant shafting of cheap placings with warrants has destroyed the credibility of AIM and wealth of private investors imho.
I try not to dwell on the past Jez some will fail others may flounder, was hoping for an earlier conclusion to BR but hey ho, there is potential I see in the assets at this point in time and the company to look on the bright side going forward. I hope Xtract can get the jump in share price that will give the opportunity for some of the more disappointed holders to rebalance. There should be a decent glut of news to attract investors in. Fingers crossed.
Don’t know da that was the intention given at last years AGM to strike while copper price is low. They will inevitably crack on with optimising the resource until they hit the sweet spot in financial model. They may try to negotiate to manoeuvre past the buy back before that happens if they consider it will be difficult to prove the DtM now and 2mt is not affordable.?? There is no target as such to head for now. So why wait? The agreement is the main hurdle so is still the biggest priority. Is likely they will carry on until all viable economical options to optimise are done, before sending that mail. ‘24 into ‘25 seems to be where BR is heading toward anyway.
Apologies Da I must have been compiling my latest regurgitation of repetitive parsley whilst you snook in there with your post. Good evening
Well Howezap, as Oscar Wilde said:
‘We Are All In The Gutter, But Some Of Us Are Looking At The Stars’
That seems to fit well with a cross section of posters here.
Good evening to YOU too Guy♦️
Interesting pointers on KAKUYU. Will it make enough to pay for $2m drilling campaign?
You saying we are nearly there to approach AA whilst copper price is low ?
H1 results can't come fast enough hoping it's 3rd week Sep and not 2nd October
It’s a bit unfair to call a share price fall from a spike as colossal VB. In that case how about the rise of 86% since Pre BR acquisition. Both have no relevance on todays share price, if we are just picking from any particular point in time.
The company is showing to now be in a far healthy state than what it was back on 2020 on revenue alone.
Also, BR is potentially near the top of the value curve with the mining model set to be tweaked until an optimum economic performance is reached.
Early signs are that Kakuyu is looking to be an interesting and potentially self sustainable asset that could become quite lucrative and have a long mine life.
The new large scale Zambian licenses are a complete unknown at present. One step at a time, first step is surveying to determine some reconnaissance drilling targets.
All could see asset values increase with successes, that should see market cap appreciation and be underpinned by some good income that easily covers the companies operating costs at present.
All too wishy washy GUYS .
Regurgitating bits from my posts over the last few months NOT good enough
Try this to get ARTS all RACEY 💔💔💔
BARE MINIMUM I AM EXPECTING. NOT PRICED IN ZAMBIA COPPER AND GAVE LOW BALL ESTIMATE FOR SMALL Mining outfits..
🍓H123 GROSS PROFIT £3m UP A Whopping 1276% H122 £218K.
🥦Gross profit margin Manica 68%
🎯Sales Growth min 505% now XTR ranks no ONE outta 200 metal miners
Let's see if we get PR with results to KICK start long awaited SP rise.
Fink you will agree dear C🎯l and team warrants a pay rise
From Italy with l💔've
Cruella
SP advance will depend on the long awaited share of profit to be declared. That is the missing piece of the jigsaw but hopefully in the next few weeks all will be revealed ...
Andy
Thanks for that.
“Also H1 royalty earned was c$700k so @ 3.375% and assumed $1900 per oz => c340kg by my reckoning for H1 production”
Assuming my 70kg is correct for all three months in Q2 that’s 210kg total for Q2. That would be 66% higher than Q1. So Q1 production would be circa 42kg a month = 126 kg in Q1 total
126 + 210 = 336kg for H1
Not far off your 340kg H1 prediction.
Others may disagree, but I think that will see the sp in the 2p's
"Simply Andrew, yesterday you were predicting/anticipating a 50% rise in XTR`s SP within the next 3 weeks or so”
Conveniently missed out my main point. That’s assuming the Q2 income results are as I believe they will be.
You may be right that even £400K a month profit will not do much for this share and that all your concerns and criticisms of the company are valid ie It’s a dog and will be for years sitting at this sp level. I just don’t understand why they need to keep popping back here on a regular occasion to tell us how bad this is.
Well actually , I probably do understand why you keep doing that 😊
My rule of thumb across the gambit of AIM 'totally bombed out' stocks is if/when they turn - on good news/sentiment/rumour etc - the first 50% back is very easily achieved.
To support this view here specifically I offer:
1) Versus fundamentals, the market cap here is extremely low now .. so 50% on top would leave it very - instead of extremely - low still
2) There has been little volume transacted here generally for a good while now.... so I contend that a half decent bout of somewhat sustained buying with little selling in parallel would allow this get back to 2p area very readily
3) AndMillsey research post below confirms that Empress have already told us how progressive things have been at Fairbride over the last few months.. the question remaining might be is there any convoluted complication that might result in the monies xtr actually gets into its bank account for recent months gold sales being less than might standardly be expected.. and it's a lack of general trust left in Mr Colin Bird that will have plenty - but maybe not all, as short term traders might see a buy in anticipation opportunity here in the next week or two - just waiting and seeing exactly what's in that upcoming RNS ......
Not so Andrew. But, countless times over the years I have seen `well-informed` contributors posting opinions and predictions based on their in-depth research etc. Invariably, their imagination and hopes do not come to fruition within their predicted time. In XTRs case, long-term history should also be taken into account, particularly, with Bird`s history. So many people on this, and other boards, seem to regard him as a sanguine operator yet, to date, his overall performance as a CEO has not produced the goods (SP wise). Currently, most who have invested in Bird`s companies will have lost money, and I suspect that many will have invested having paid close attention to those `seemingly in the know` inputs, on boards such as this.
Simply Andrew, yesterday you were predicting/anticipating a 50% rise in XTR`s SP within the next 3 weeks or so. Hmm, we will see!
A444
Have you looked at the most recent Empress update?
https://empressroyalty.com/site/assets/files/6340/empr-q2-2023-mda.pdf
-Seems they are at c70kg (2260 troy oz) per month in June and c 340kg for H1.
"On May 2, 2023, the Company announced, based on reports provided by MMP, that MMP has continued to
de-risk the mine and plant with production increasing month over month, including through the rainy season
in the fourth quarter of 2022 and first quarter of 2023. Gross mine production has grown from 460 oz in July
2022 to 2,260 oz in June 2023, an increase of 390%. MMP reports the plant is largely considered completed
and the open pit operation continues to be de-risked. Grade control efforts are leading to a stable feed grade
and the plant is averaging a metallurgical recovery of 89% in June 2023 as compared to 85% in the second
half of 2022 as reported by MMP. Current throughput and grade provide further room for material growth
in production for the longer-term, and as such, management expects continued increases in production,
revenue, and revenue attributable to the royalty"
Also H1 royalty earned was c$700k so @ 3.375% and assumed $1900 per oz => c340kg by my reckoning for H1 production.
Billy
If you have a look at VB's posting history, that will tell you all you need to know about his motivation for making that
"non-sequitur" post.
No doubt another embittered ex holder :)
VB, if you read A44s post again his rationale was using Q1 results.
Nothing more nothing less.
Personally I think he should post said post every week with any updates suitably amended. Amy investor new or old could gain a glimpse at the state of play quickly with out trawling back 2 to 3 years. XTR has moved on now a 1.3p.
I think that we need pragmatism here, rather than hope (aka `wishful thinking`).
In the last 18 months, XTRs SP has dropped from around 7P down to 1.3P - that is collosal! If anyone has the inclination to check through the myriad of posts here during that period, they will note that there is an almost constant upbeat thrust/analysis/rationale . . . . . "this is going to happen/that is going to happen" - only, it never has in a way that has
then increased the SP substantially (and perminantely).
Andrew4444`s current rationale is no more than following the upbeat, yesteryear hopes from many contributors. As always, XTR`s slide has been, again and again, `just about to end` because of unqualified predictions. So, I wonder will we actually see Andrew4444`s imminent prediction of "SP rise to be well above 2P following very good Q2 results" and his more definitive ""SP to be above 2P by early October" in his latest post of 12:04 today?
Me? I don`t know . . . . . . . but I very much doubt it. I have seen similar predictions, from many, many supposedly knowledgeable and well-meaning individuals in the past who have then been proved wrong. Proved wrong FAR, FAR more often than being able to finally shout `BINGO - told you so!`
Yes, thanks Andrew4444.
Good info without waffle or the need for *code*
A44 good post at least we can understand it and follow your workings out and rationale, without the double line spacing and emojis
Let’s hope the devils in the Q2 results update.
What's coming up is, probably, very good Q2 results from FB and an SP rise well above 2p IMHO
Last few years Half yearly has always been released on 30 September . That's a Saturday this year so could be Friday 29 sept or Monday 2 October. Not long to go.
I'm expecting sp to be above 2p by early October after these results.
Why?
See my previous posts and thoughts a month or so ago...
AIMHO
DYOR
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Https://www.lse.co.uk/rns/XTR/manica-q1-2023-gold-production-update-6j1hf2jkaktvc3m.html
Just had another look at Q1 results and there were a few clues in there on what we could expect for Q2.
Plant throughput
"Clear indications are that post the heavy rains, results are improving significantly and Q2 2023 is showing a marked improvement with plant throughput increasing from 30,000 tonnes per month in Q1 2023 to current nameplate capacity of more than 40,000 tonnes per month
May 2023 throughput was 43,200 tonnes per month
Grade
"A significant amount of additional close-spaced drilling was completed during Q1 2023 specifically to improve grade control and the ability to better predict the Run of Mine grade that could be anticipated by the processing plant. This work had an almost immediate impact on improvement in the run of mine grade with the average rising from 1.2g/t Au in February Q1 2023 to a current reported grade for May Q2 2023 of approximately 1.8g/t Au"
So for month of May 1.8g/t at 43,200 tpm = 77.76KG = 2500 troy ounces = 575 oz for Xtract for May
Assuming $1900 POG and $900 Cost that's $575K Pre tax profit. Boa Esperanza and Guy Fawkes usually add about another $50K a month so that's circa $625K a month. Obviously that's assuming April and June will be the same as May and they may not be, but that gives an indication of the pre tax profit.
If April and June are similar to May, that would mean Q2 results would be circa 66% better than Q1's. Q3 Results are usually the best quarter due to the very dry period, so we should at least equal or better Q2 results.
I think when we get Q2 results the sp will start to appreciate and continue to do so as we get Q3 results.
I just don't know if that SP appreciation means 2p or 3p.....or higher???
AIMHO
DYOR
Good posting Ben 'owell !
I agree with plenty of it.....but 120k ish salary a year for CB is academic to him versus his wealth/age .. it's about CB keeping looking for a blow out win to go out with a bang.... that's what AIM resource sector stocks used generally exist for, in fairness...and why hard core speculators played the AIM game in decent numbers with punchy bets.. but the rules of the game have changed plenty in recent years... short term 'trading' dominates now. - sell rallies ...buy dips ...etc - and the long term AIM game is more and more akin to main market rules - deep analysis backed low risk Investment towards profitability - either sell on or production revenue - in a few years... not a decade or more... and dividends..etc .. all rewarded.. high risk have a go 'hero's' frowned on ..etc.. which doesn't suit the likes of the one and only Mr Colin Bird at all.... or indeed the many other AIM CEO's who are of his ilk.... but, over time, perspectives change ......and change back again .. etc.. and cyclicality is a big factor too ...so here's hoping that patience is rewarded from here.
I agree with all that Ben, especially the pension we are paying Bird, in return he finds things that will continue the pension fund.
He has been seen for what he is and should move on, the company and the SP and us would be a lot better off.
We should get a patronising post from Old Fart View School soon.
Similar thoughts here Jez. Hopefully we have a new wave of CB inspired copper enthusiasts.
The potential here is quite frankly huge:
1. A "potential" district play in Oz with a proven copper resource and room for expansion. Ticks many boxes: safe jurisdiction, water source, rail network, close to port, professional workforce.
2. Newly acquired licences in Zambia. I'd put these on the back burner and ask for an extra tenner in the buy process. Unfortunately for me (I've invested here after all), I'm more astute than he is and see it as a waste of money and way for him to continue earning 120k a year for a little while longer. The canny g*t.
3. Kakuye. I'm intrigued by Kakuye. Artisanal mining and historical high grade copper found. Strike lengthened to 2-3km by all accounts. Interesting deal with operators. Nothing happened in the last 6 months though. Colin's earned 60k, Kakuye has done nothing. Where's the promised income?!
4. Manica. Income to the tune of 600-700k / month? Pays all the bills and 2/3 of exploration? Some CEOs would be shouting from the rooftops about being cash positive and being fully funded. But not our Colin - too busy spotting elephants through giant binoculars.
As I say, this is huge potential here (to get my money back). I can't help but think it's Colin who's the problem though. Move on, please, Colin. We'd all like our money back.
(Hope the positivity came through in this post).