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Yes good to hear that “we expect it to run a lot longer “ re manica - she’s forecasting $1.6m for the year which equates to $47.5 million total revenue @ 3.375% royalty - about 24,000 ounces
47.5m x (800/1950) x 23% = $ 4.482m to xtr or £3.5million per annum
Ounces could/should increase - target is 30,000 plus ounces per annum .
6m 30 onwards re: Manica, note last second mine life correction https://youtu.be/rUcraGITOHQ
I should have added JDAU that the XTR issued to `counter` the official response you referred to regarding news from Zambia had no mention of Bird`s involvement/links with Shawi Fazaz and its significant implications.
As with other RNSs from Bird`s companies over the years, they say what Bird wants you to hear. From time to time, I have looked at `historical` RNSs of XTR , GLR, et al and wondered - so how has this particular RNS `affected the price of fish` !
The SP of Bird`s companies invariably indicate the truth. How many of Bird`s investors these days have actually made money in the last few years. Moreover, if the halcyon days are just around the corner, why aren`t Bird and his Directors jumping in now with big wads? No sign of him in GLR for 2-3 years - although his timing here a few months ago wasn`t too good!
I see a lot of posts have been removed. Probably makes sense because there was a lot of nonsense.
NtM, irrespective of BR, the fundamentals re gold production at Manica support a much higher Mcap (imo), the market just doesn’t believe/see it yet, it requires certainty and/or molly coddling.
As always, value will out when it’s spoon fed to the market, speculation on the mcap gap between that point and where we sit today is how I plan to make money.
https://www.lse.co.uk/rns/XTR/manica-q1-2023-gold-production-update-6j1hf2jkaktvc3m.html
It’s all there guys, you’ve been told what to expect, some really basic calculations based on the linked info should tell you what’s going to be on the aforementioned spoon.
‘Here comes the aeroplane…’
VulcanBob, maybe it disappeared because you’re effectively aiming to be as disruptive / downbeat as possible by posting 3 year old borderline defamatory “News” articles that’ve already been dealt with officially via RNS by the company?
Fair play JDAU.. the fundamentals here are very compelling versus the s/p by most any AIM definition I've seen.... and I have been in and out of a hell of a lot AIM shares in the last 10 ish years..
IMHO & DYOR
How strange that ALL the comments this morning regarding TRUST, not just from me, but others have all disappeared. I wonder who used his influence to do that? I suspect that this input will go too. Certainly, Bird would not like anyone commenting on his integrity, or his involvement with Shawi Fazaz!
Apologies if I’ve scuppered your plans at all chaps, I’ve been a buyer for circa 1m shares since the AGM at what I deem to be unreasonably cheap prices, most recently today- circa 500k at sub 1.4p.
Let’s see where we’re at when Manica results are RNS’d, I’d say “I bet it’ll be a much higher SP than where we are now” - but in effect (and echoing Andrew’s earlier point re income) I’m doing exactly that.
NtM
Likewise.
I was ready at 1.25 p ASK - then every 0.05p drop
It may still happen but not too sure now. Nearer we get to Q2 results the more unlikely it is that some will sell IMHO
Not sells. Bed 'n ISA
Erm...my plan to buy my next trance at 1.25p and one after that at 1.15p might be seriously compromised....
But I'm wondering if there's still time for a few irate big size holders here to set aside fundamentals logic and instead go further down the anger driven dumping path.... and me still get to do those planned top ups...?
And because it looks to have been deleted , that was vulcanbob and no other bobs ! lol
A couple of big sells. Hopefully can go up now.
You’re welcome Andrew, I’m doing some chores today, mainly hoovering.
Bashers need to work harder....
now 1.44p to buy
sell 1m at 1.30p
It would be a good story bob , just missing the facts , it was then and it is now !
Intetesting request, so where should I send true investors? Sorry never got to say hi at the AGM.
Just been looking at that original link from NG, and see within XTR 'emotional cycle', a position similar to, but actually far better position than March, April 2020.
"These juniors show why Lachlan Fold Belt remains of of Australia's most exciting mineral provinces."-Stockhead.com.au
14 June 2023.
https://www.stockhead.com.au/resources/these-juniors-show-why-the-lachlan-fold-remains-one-of-australias-most-exciting-mineral-provinces
XTR 's Bushranger project is located in the Lachland Fold, Australia.
"A renowned geologist , JENTA OWENS led the exploration team at China Moly at NORTHPARKES copper and gold mine but since mid-2021 has been the M.D. of GOLDOLPHIN. Goldolphin owns > 5 projects & JV stakes in the region. She says the DEEP and HIDDEN nature of the Lachlan Fold Belt compared to locales with OLDER rock formations like Eastern were a big reason why the region remained underexplored. THE MACQUARIE ARC TARGETS are probably a bit D E E P E R . THEY'RE also L O W E R G R A D E, so they are VERY LARGE SCALE MINERAL DEPOSITS. You normally have HIGH TONNAGE deposits but I guess the age of them is a bit different as well...."
"Porphyry is the KEY here . The vast majority of the world's copper mines are B U L K , L OW - G R AD E porphy endowed with by-products like gold, silver, & moly. They either mined in OPEN PITS or like the 700k0-800k C A D I A MINE,
as UNDERGROUND block caves.
Another feature of the Lachlan Fold is the 1ST RESOURCE is always the BEGINNING, not the END. A mine like NORTHPARKES , Owen notes contains almost=======1 BT of copper rich ore across a SWATHE of DIFFERENT N E AR- BY DEPOSITS."
"All of the MAJOR MINES are not just 1 INDIVIDUAL mine, they are a group of smaller ops or SMALLER DEPOSITS that are CLUSTERED TOGETHER, so that CLUSTERING is very important to provide those LARGE TONNAGES. You can pick up gold with visible gold, that's rare. It is not that type of normal geo environment."
"The biggest prize there was, C A D I A ." "The big buzz around the Lachlan Fold has come from the DEVELOPMENT OF MCPHILLAMY'S & BODEN, as well as NEWMONT's takeover of Newcrest."
My Comment:
XTR's Bushranger is NEXT DOOR to Newcrest's legendary CADIA -RIDGEWAY [copper and gold].
So, no surprise that XTR's Bushranger was a bit more complex than at first thought.
The XTR presentation on Bushranger showed historical data meant that Bushranger has some 10 clusters+.
Hence, why I waited for the XTR 2023 to find out WHY is XTR Bushranger NOT drilling to prove 1Bt. As the price of copper if to hit $10k USD as forecast as and when, then the cut-off for Bushranger is not as demanding, thus improving IRR.
News, Wed, 2 Aug 2023. FATHER TED : The convo between us ends --the legendary Owens has spoken about 101 rocks of the Lachlan Fold in particular and in general. Rocks are now getting lower grades as the best fruits have been picked off ie higher grades worldwide and that is what Mr Bird , CEO of XTR pointed out. It did fall just a bit short but that meant that XTR Bushranger would have had to go on a hunt for the higher grade to bring up OVERALL
I think time is a big factor here. Seems we are worth something and perhaps a bit more than the MCap is currently sitting on. It's unfortunate that CB was somewhat over excitable with his marketing, but thinking about it, wasn't it deliberate and part of his job to secure funding from shareholders. He has done just that. We as investors must not over expose ourselves so we can play the waiting game and hold on to those share until fruition.
Good point Flipper
The ongoing revenue from Manica is a huge saving grace here and using it effectively is critical.
Generally, the board needs ask themselves some searching questions.... including how acceptable it is how thinly spread CB is across all his interests .. and planning for CB's retirement soon enough... and given the ongoing good Manica revenue going forward. the idea of CB raising for his next blue sky punt at a share price anywhere under 4p is preposterous imho
Also the other three boards members having extraordinarily few shares in xtr between them is a very bad look indeed.. Silberstein according to the website has 718,266 .. and Ford and Thygesen may hold zero each even ?.. If they can't bring themselves to buy chunks in the open market in the 1's p here now, then that's pathetic.
One wonders why "The Board" didn't have a resolution at the AGM to buy back shares rather than for further placements. No point in buying blue sky projects when your own shares are so undervalued.
0.75p is my top up point, shouldn't be long judging by the mistrust of CB.
3 year rinse and repeat.