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Go team Colin, managed to get away with it for another year!
It come from Colins mouth.
"We have no Blue Sky"
"Bushranger, disappointing for everyone "
"Hopefully get our money back for BR, and a little more"
"Two new company making projects We are looking at"
Even if we get 10-30 million for in 2 years, will that be given to shareholders as a dividend?....no a chance!!
Manica revenue....6 million dollars=4.67 million pounds. Lets say 4 million after exspenses(optimistic).
32%tax= 2.72M Left
2.72 x 3.5 = £9.45M
Non of which shareholder will see, it will all go on the next treasure hunt.
Lucky - can l ask, regarding the new blue sky projects, did he say Zambia or Africa ?.
Regarding the 4 odd years of initial gold production investors should be cautious if the man on the ground is correcting Colin. As we know Colin is ever the optimist. From memory of the original PFS there were gaps in the drilling . We know from BR how things can turn out. (But l do have longer term confidence in Manica but that's a personal opinion).
Did anyone ask about succession planning ?.
Thanks in advance and to all those who provided updates of the AGM. Would be nice if next time a video link could be provided for those who cannot make it. Now for the Ashes.
I'll check later. I think he said zambia as it's a better jurisdiction than Mozambique, but I may be getting confused with another conversation.
They are both definitely in Africa, he didn't mention another continent.
Yes, I think manica has lots of gold, but we have 2 to 3.5 years of production (currently). He said by March we will build a sulphide mine (Colins timescale) can't remember how much for but it's in the millions.
I don't see any revenue from manica ever getting to shareholders. It may pay for some drilling in Africa and more at manica, but I see no point in holding these shares until we get another good drill hit elsewhere that spikes the SP.
The new study at BR, I don't expect to be mind blowing and cause much SP reaction.
Any new acquisition will definitely cause a drop in SP.
I thought maybe a great manica revenue quarter might cause a good spike, but even Colin dismissed a good rise in SP from manica revenue.
He then said we may have a drop on a bad quarter.
There is literally no positive news, other than, we won't need to raise to keep the lights on.
Thanks. The reason l am curious is if its Africa then maybe it could be Zimbabwe. I say that purely on the basis of GLR.
I am in your camp regarding BR. I felt Colin has been hinting that for ages. And the DTM clause looks to be irrelevant if it would mean a court battle. So in the hands of AA.
Fortunately l think the bad news is largely priced in and there is gold revenue. But good luck with your decisions.
I find this totally bizarre!
If XTR was CB's only company, maybe; but it isn't.
Ignore TIR (investment company, doing well, NOT!) and all the other directorships except;
AFP, multiple projects
BZT, multiple projects
GLR, multiple projects
KEN, mutiple projects
XTR, multiple projects
he is playing.
Gets bored with one project within one company so goes off to find a new toy to play with, bizarre!
What I would like to see is a level of concentration lasting more than a few hours or days resulting in delivery, something missing to date!
"Fortunately l think the bad news is largely priced in and there is gold revenue."
Agreed Flipper. The company have never been in a better financial position.
There was nothing said at the AGM that was not already known. No surprises.
It looks like those that have sold out are now trying to get the sp down to a lower entry point :)
Jus catching up on some good feedback from sundry posters here who attended AGM .. much appreciated.
Clearly people can't help talking their own book to some degree in their feedback.. but that's the case the World over.
CB taking lots of time to have a cold hard look on whether more money spent on BR drilling is the optimal use of the firms now strong cash generation in remainder of 23 and into early 24 is absolutely the right thing to do imho
And that Manica sulphites processing capability build out should be highest short term priority here in my mind now.
Re 'literary no positive news':
The strong revenue from Manica for at least a few years to come .. and maybe plenty more than a few of years to come after the sulphides plant build out ... is blindingly obviously very positive news in my mind.... and the market cap here is clearly very low versus the revenue/assets
And if this s/p were to take a temporary hit from some here for BR players moving on from xtr.l then I'll take that opportunity to add some more here
IMHO & DYOR