Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In the last 6 months the ftse 100 dropped 1%
The Aim market dropped 15%
Xtract dropped a massive 51%
And we should blame Putin.....not Colin?
In the last month the ftse 100 has risen 7%
The aim market has risen 6%
Xtract is down 12%
And gold and copper have both risen too.
But it must be the war, inflation and commodity prices causing xtracts drop!!
Hi lucky
>How will that create value, if the share price doesn’t go up?
I would certainly hope it would at least change perception of what is still a very speculative investment for potential new investors. It will be what makes Xtract stand out in the crowd when markets turn. It will also give firm starting point in their due diligence toward a basic valuation of the company and more importantly the confidence to take a position or increase a holding knowing BR can see any final funding without dilution and be in a position to finance further long term growth as stated in audited report.
Sounds like a reasonable business plan for growth. As for the next big thing, that could be an IOCG in Zambia.
But seriously, no it’s not great we may be sitting on hands for a while, just bad luck.
nah its not bad comms.... that Buffet is just too old and distracted with too many companys :-)
https://www.telegraph.co.uk/business/2022/08/06/legendary-investor-warren-buffetts-company-posts-44bn-loss/
"Warren Buffett’s company has fallen to a $44bn (£36bn) loss after sharp falls in stock markets took their toll on the legendary investor’s portfolio. Berkshire Hathaway recorded the $43.8bn loss in the three months to June, down from a profit of $28.1bn last year. "
I assume its a problem with their comms.... :)
Howzap, fairbride has some great revenue. With gold prices going even higher and it set to be in full production, that will mean possibly a million a month. I ask you, how will that create value? If the share price doesn't go up, how will we shareholders benefit? Colin and the team will just spend it on the next big thing. We won't get a dividend.
*steaming
"If they offered me 10p and I'll tell them where to stick it" - I think that was in response to a comment on this board? IB's ValMin valuation I think (that really got a few streaming).
We've, pretty much, got the same average but I'm sub 12e6 shares now.
Gixxer
You may be right that some would be p off even at 10p. I guess it depends on your average and number of shares you hold.
My average is 2.3p and as you know I hold in the teens of millions of shares . so I would not be unhappy at 10p but it wouldnt be what CB implied - nothing like after the "If they offered me 10p and I'll tell them where to stick it" comment
Spaceman was a legend - I wonder if he even sold his house in Wales? Ho hum....
>>Will it be embarrassing though IF we declare 1.4mt to 1.6Mt but not 2mt ? Yes CB would have been deliberately deceptive (being kind there) but that resource should see a buyout of 10p min.
It would be way below what he told the likes of CE, et al, at the AGM last year (something like 25p, 40p if you have a beer?(whatever that means)) so I'm sure a few will be pi@@ed A4444.
Many of us in agreement now that we are sitting around 1.4-1.6Mt (even our resident expert IB) ofc we all may be well out but i'm sure Bird knows exactly what we have. The question is why the delay in just publishing, as he mentioned he would ~1y ago. In the hope he gets the rest form Ascot? - He could then argue it was a misunderstanding and that he meant the whole region even though he's on camera stating it would come from RC alone.
Perhaps he's not BS'ing us; perhaps he got it right this time us and there is 2Mt+ @RC and he is holding on the 'amazing' finds at Ascot. Would love that ofc but I also feel his excitement in interviews would be brimming like in the past. It's just not though is it.....
LW
Tbf Spaceman makes Steve 4077 seem like a basher. Spaceman was something else!
If he was here now and someone said they thought the buy-out would be 30p by q1 - he would be saying they are deramping as it will obviously be 50p min :)
And then he'd try and get the poster banned ....!
He was a comedy character .
Another way of looking at it then, the share price is only so low because no-one believes fairbride will deliver and not helped with the drop in gold price.
After all, I thought the market hadn’t factored in any value from Bushranger toward market capitalisation of the company. If this is being driven down by investors selling, then they would surely know that fairbride is soon to be up to full throughput and then with decent EBITA toward valuing the company a lot higher than where value sits at present. They must have little faith in the production side of xtract too.
Company valuation is mad, but the fall in value is in-line with similarly positioned companies on AIM as far as I can see.
Current MC of 28m for all African assets alone will soon surely see a rerate once fairbride is contributing, but as yet we still await first meaningfull income.
I would be shocked if the company held that important news back. Hopefully gold will continue its recovery and we get MC back to recent higher levels if not a tad more as gold continues to climb as expected.
The company is in a very strong position still, and a reminder of a previous comment made that xtract are a gold producer right now! And a copper explorer on the cusp of a potentially huge saleable asset in the near to distant future.
Let’s try keep positive until we know what we have.
A thumbs up from me at 10p. That would be like getting a second chance at that Jan2021 spike.
I don't believe Gixxer will be alone in that. There will have been a fair few who have bought in north of 6p and now feel let down ? Its understandable that they will try to limit the damage on any recovery. i was too slow to cash in on the spike of 18 months ago but hopefully will be more prepared if we get another. I didn't really care if Bushranger was the bees knees or not but I did expect Colin to get the SP lifted on hope (which he did I suppose) but that 9p spike caught me by surprise and the gushing interviews kept the SP flirting with 7p after that. I thought even if it was more of the same old it didn't matter if I could cash in on a steadily rising SP. I'm lucky I suppose in that I'm one of the Chepicos. I remember that name given to us moaners by the likes of spacemen and one of his disciples (I cant remember the name). Spacemen sounded just like Steve does now lol. Anyone remember how he would try and get posters banned if they didn't religiously heap praises on Colin and XTR's progress ? He went over to the dark side if I remember correctly. Anyway as I said I feel fortunate that I stuck with it and am doing ok here but I wont stop criticising when I feel the need.
"It going to be pretty embarrassing for him if/when he finally has to admit he's led the market astray with regards to 2Mt @RC"
Will it be embarrassing though IF we declare 1.4mt to 1.6Mt but not 2mt ? Yes CB would have been deliberately deceptive (being kind there) but that resource should see a buyout of 10p min.
Who will be that bothered about previous comment if sp it 10P?
I would think that the only people who would be bothered would be those that sold out well below 10p
Makes sense, all the best
I have and will continue to sell into rises. Simple as that.
Gixxer
I’m all for having a rant and to be honest I think this is a better place for it than most others, but you have clearly lost faith in CB so I don’t get how you can keep any money invested with him other than FOMO?
Cheers
James
i at least thought the sp will move after we can show full capacity and 3months results, was not expecting anything sooner really.
I'd take 9p and be happy TBH - Just to escape Bird's constant BS.
I was REALLY hoping the news that Manica was producing would push the SP up and I could escape....
10p, not a fricking chance .
It going to be pretty embarrassing for him if/when he finally has to admit he's led the market astray with regards to 2Mt @RC. - As i've mentioned before, I feel the DTM would not be a good move for us as it plays into the hands of AA who for sure will not play fair and be looking to get this, should they want it, at a 'rock' bottom price.
IMO he's in damage limitation mode now relying on Ascot to get his gob/himself out of the sh*t. Ascot may well prove to outshine RC though and I and he may, for once at XTR, make us $$ in the end. Or at least the geo's/drilling teams on the ground will. I feel they've done a fantastic job to date!
The problem many of us LTH's have learned, the hard way, is that it's never a good thing when his gob is not running overtime telling us 'just a few more months....' that just a few more months has been years.
How many would jump at 10p now??
Interesting comments about those who have agendas and whose posts are motivated as such
Having been here, like many LTH’s for years, we’ve seen many posters come and go over the years. The transparent rampers and bashers are easy to spot as their agenda is not hidden. The ones that are harder to spot are the ones who tend to be more subtle.
The subtle ramper will try and discredit anyone who tries to express any real concern or identify risk. The counter narrative will usually be that “they are obviously trying to get a lower entry point“
I think it would be wrong if anyone tried to imply that AndyMillsy or Iceberg were a basher, just because they have said, on more than one occasion, that they think CBs comms is poor and so is his expectation management.
That said, maybe for some a “basher” is someone who makes any negative comment. After all, that wont help them get the sp up and help him or her ameliorate their loses if they had started investing here at a much higher sp prior to the drop.
I actually think there is a real chance that CB has been deliberately deceptive with many of his comments over the last year and that we wont be getting anything like the buy out SP he has implied. I may be wrong and I hope I am.
.But I also think this has a very good chance of going over 10p (at least) within a year, either from buy-out or a spike, so that would make it a very good investment at current sp.
I appreciate that view doesn’t fall nicely into the category of basher or ramper. It wasn’t supposed to. It was just my honest opinion.
And if my opinion, or anyone else’s posts here are motivating someone to buy or sell – then they are a complete idiot.
DYOR
>>do you believe what Colin bird says?
I don't believe Bird believes what he says.....