Member Info for Andrew4444

JDAU

Did you not read anything I have written?

I admit I got caught up in the hype like everyone else, so I am not denying that. I have admited I was a fool to believe the CB hype.

Maybe you could learn from the past and stop believing everything the company says.

You really lack any sense of self awarness.

Yes, you are back on filter. I can't be doing with your inverted logic.

As I got mentioned in despatches by JDAU so I thought I'd better see what he was saying about me.

I used the phrase about him of "inverted logic " and he has just proven the point, again.

1. You could look back at what anyone was saying back then and it was consistent with my views so I was not an outlier. It was a typical view held by many.

2. My views were in response to what CB was saying in many interviews. Yes I was a fool to believe him like everyone else.

3. When the facts change I change my mind, and that why I, like so many other LTHs, are now sceptical of CB's forward guidance. I've learnt my lesson.

We've all leant our lesson, well not all as JDAU still seems to be believe what ever CB says, hence he keeps using the mantra "but that's not what the company is saying"

JDAU has just proven why you shouldn't believe what CB says so has proven my point of why I'm sceptical of the companies forward guidance.

All that time and effort to trawl back so many years to do what ? Prove why I'm right to now be sceptical of what CB says.

He tries to attack me but doesn't seem to realise he's just undermined his own position of consistently believing what CB says.

As I say, inverted logic.

HZ

Alternatively, when the share price was very high during BR days, I hope some arnt kicking themselves now for buying more because the constant ramping on this board was suggesting the share price would go even higher.....before the big fall.

Just saying

Alex terry has increased his holding from 60m to75m.

He's either a HNWI or represents a corporate investment.

Either way, he seems confident enough of the future to keep increasing.

https://xtractresources.com/investor-relations/significant-shareholders/

I see the green box man is back :) Best thing I did was filter him. Less stressful reading his inverted logic.

Some decent buying into the close here. This will no doubt be 2 steps forward and one back as the traders will be over this into any quick day rise, but hopefully underlying trend will be upwards over the second half of the year.

btw if this does hits 10p then thats £140M MC fully diluted. We would have to hit Ben's best case scenario calcs to hit that. Possible but very unlikely imho.

I'll be happy with 5p and delighted with 6 or 7p in 2 years. Buts lets get to 2p first !

Tbf, they are just doing their paid job of promoting and ramping. It's a bit like being critical of an estate agent talking up the positives a house you are looking at.

Understandable bias, but just don't believe a word they say.

Lets hope a lot of the kendrick profits are starting to come in here??

They bloody well made enough !

btw the 10 bagger is possible from the low of 0.5p but I doubt it will 10 bag from current sp. If it does I doubt many LTH would still be around at that price?

Good for you HZ

I really hope your unconditional and unequivocal support for CB makes you a lot of money here.

I really do :)

HZ

Before we yet too carried away praising the genius of CB's investment strategy, I think we should wait until concentrate is delivered on both mines. I think it will happen, but we've seen things go wrong here before.

I believe CB sold mania as there where so many holes in the arrangement he had agreed with MMP that MMP could keep adding mining costs to our profit, thereby reducing our share of profit. CB even eluded to this in an RNS when he said MMP should make all efforts to reduced costs.

Yes HZ, you did relentlessly champion CB's approach of selling manica and trying this new venture. But you have relentlessly championed every bloody initiative CB has ever done :)

.

Good posts Ben

Sensible figures imho

I think your middle case scenario is most likely.

Not sure about the manica remaining contribution though of £15M. A lot of that has been paid and consumed. I would say £5M remaining contribution so £53M. SK will contribute something so we could be back up to near £15M with manica + SK in production??

>>>>>>>>>>>>>>>>>>>>

Result: £48m (Amghas) + £15m (Manica) ≈ £63m

Interpretation:A 4×–5× increase from today’s £15m market cap. This is the most realistic scenario based on typical grades and recoveries.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I think a 4p to 5p range is realistic with both mines in operation.

I see KH has said on TG that he thinks MC of £100m by end of the year and now said 15p is possible in a 2 years. 15p would be fully diluted and with 1.4Billion shares (fully diluted) that would see MC at £210M !!

There is a compelling story here imho and a good chance of a rerate, but the roast boys dont help with their constant OTT ramps. Its not as if they have ever been right before. Anyone can say if this happens then this, then this, then MC will be £200M

5p would be great and it would be a 10 bag from the lows so hardly a bad outcome. That's what I'm hoping for in 12 to 18 months and I think that is realistic.

Thanks for your calcs and thoughts

HZ

It would not seem unreasonable to keep quoting what has been said in roast interviews and RNSs as the authority guidance, if historically that had proven to be correct.

But it consistently hasnt been correct and has always been wrong.

You seem to be taking the view that just because company forward guidance has been wrong the last 30 times, that's no reason to believe its going to be wrong the 31st time. To be that's just silly.

My issue is not that nothing is going to happen and that its all BS. My issue is mainly with the timescales. I do not think that is an unreasonable concern after what has happened over the last 7+ years.

I would respect your opinion if you could back it up with examples where the company had met their own forward guidance in the past.

HZ

Lets keep this simple.

My issue is not that we disagree. My issue is when I disagree with the latest company guidance (because it has always bee wrong before) you accuse me of being negative / trust issues / etc. Its the judgment I dislike.

My point was that, yet again, those that challenged the companies forward guidance were not being negative , deramping or having trust issues, but actually being prescient !!

Believe what you want, that's your prerogative. It would be better if you didnt try and judge others who saw thing different to you - especially when this supposed "negative" view is repeatedly proven more accurate than the companies. Lets wait and see if my supposed negative timelines re SK and antimony mining are correct compared to the companies latest forward guidance.

After what we have seen here over the last 7 years, anyone who wants use use the companies time lines as proof of someone being negative or having an agenda, is either delusional, on the wind -up or has mental health issues.

"Do all these things on schedule and the sp will double from here. Slip, time-wise, and we know what happens."

I think that's a fair summary.

There is a lot of potential here for an sp rerate, may be more than 2p, but CB isnt helping anyone when he keeps missing his own forward guidance.

His interviews are more aspirational than realistic - which inevitably leads to disappointment when reality meets aspiration.

I'm expecting SK up and running by Q4 and Antimony mining starting Q2 2027.

HZ

Our conversation in early March re SK production timescales

YOU

"I think for it to be RNS’d (3 Feb) that production will be within 3 months is a solid and very confident timeframe."

ME

But not everything in an Xtract RNS has happened !!

YOU

Andrew you really do have trust issues.

ME

Yes lets see who is closest and also if we can believe what is said in an RNS and what CB says. RNS time scales and CBs comments are all out there ( Production within 3 months of 3 Feb RNS) and when I doubt them you accuse me of being negative.

So in conclusion. Apology accepted HZ and you can get off your high horse !

HZ

I'll "give it a rest" when people like you stop saying that you can believe what CB says in interviews.

You are deliberately trying to mislead people by claiming otherwise.

Re Bushranger comments in interview.

When the drilling was being done a few years ago CB repeatedly said in interviews

"We know we have the grades i'm not worried about the grades"

Now it's:

"The grades are sub grade and doesnt quite make the grade."

QED. You can't trust a word he says in interviews.

....ranger

Correct Gixxer

But it does look likely that within 12 months SK and Amghas will be in production?

Surely that will see us hit 2p+ ???????????????????????????????????????????????????????????????????????????????

"Still 6 months out. I thought it was imminent!"

Wasnt the imminent timescale re SK not antimony?

The Antimony plant was by end of the year - so Q4 is still same

IMHO It will probably be Q1/ Q2 27 but things are moving forward.

Still sticking to my 2p within 12 months

"The follow up one, with Churchouse, went against what the old feck had stated not long before. He stated, something along the line of, "we are currently looking into what size of plant we will need for the mine" "

I mentioned this at the time but felt this went under the radar for many. MC completely contradicted CB just a few weeks after. Interesting that MC has not done anymore interviews. Sounds like he's too honest for CB's liking :)

How anyone can believe what CB says in an interview now is beyond me. You'd have to be delusional or just trolling to say you believe what he has said in an interview.