Member Info for Andrew4444

I don't think there is anything to read into them as one has been cancelled and the other has just been matched by a buy so no doubt a Bed and ISA.

JDAU

How on earth you can say I’ve been making relentless digs at the company is beyond me. Look at my recent posts. I’ve been very confident and positive about the future. Relentless digs? Nonsense.

If you wanted to, you could have easily seen my last post as being very positive. My last comment was implying how good things will be if / when we do start proper mining.

If anyone makes even the slightest critical comment, you jump on them and accuse them of being negative or ‘having a dig’.
With respect JDAU, you seem to be as emotionally attached to this investment as a teenage girl is to her favourite boy band! It’s not a loyalty competition.

I hope you don’t read CE’s last post below re CB or even CE will be in your bad books!

CB's very bullish prediction on Copper price is looking correct. He had $6500 by end of the year. Its been on a run and is nearly $6400.

I think his very bearish view on POG is going to be wrong. Looks like both POC AND POG are going to be substantially higher over next few months, may be years.

Copper / Gold could well be the place to be!

Imagine what could happen here if we every get the stuff out the ground !

At the paid pod cast in May CB said there were no known delays and construction should start in July.

As CB's timescales are always out, I add 3 to 6 months on to his dates. That will give a more realistic expectation IMO and may help prevent disappointment. To that end, I'm expecting second alluvial contracts and 'Free Gold mining' (Low Hanging Fruit) to start in Q4 and I've not changed my original prediction of Hard rock mining in Q1 2021.

Whatever, the actual start dates, it looks highly likely income will increase substantially in the not too distant future, and therefore so will the SP.

In the big picture, that's all I'm really bothered about.

Well, its broken out of the range he predicted in the TW interview.

Lest see if he's right about his other prediction that it will fall next year and fall again the year after.

I guess just because he's in the 0.1% who think the same as him doesnt mean to say he's going to be wrong !

Hmmm

This like a Black comedy !!

I’m in other Gold miners (here and North America) and so many junior Gold miners are doing well. POG very high and likely to go higher. Perfect conditions for Gold juniors…

Good old xtract - SP going down !

I don’t think there will be a raise soon, but I wonder if the big sells could be many jumping out here and into other better performing Gold miners now. FOMO?

I wonder if some think that the very short term prospects are better in other junior miners?? In other words, some may not be confident that we will be getting additional income before the end of this year, be it from HR or other sources.

I’m confident SP will be much higher in 6 months, but it wouldn’t surprise me if SP drifted below 1p. If / when it goes below 1p, I’ll be adding.

BBS

I take your point that the SP has fallen massively over the years and many have lost money. I have been in this for over 7 years, have averaged down again and again and am still sitting on a substantial paper loss ( and I do mean substantial !). So I have empathy with what you are saying. However, I don't think the 'new blood of shareholders' as you say have much to worry about - assuming you are talking about those that bought in since CB took control at circa 3p SP .

Unfortunately in AIM. one group of investors lose 95% of their money and then the next group come along and see their investment 5 or 10 bag. It was ever thus in AIM.

I’m uncomfortable with CB giving himself options at a price lower than when he inherited executive control (at 3p), but my main point was that CB seems confident the SP will be going much higher by taking out more 2p options. That must be good news or at least encouraging.

Irrespective of legacy issues (the past is the past) , the SP future looks better now than it has done for many years, IMO. That was my main point. It wasnt to praise CB and I think my posting history shows that I'm not a CB apologist ! I'll only praise him and consider that he's been successful if he gets the SP alot higher than the 3p SP that he inherited.

Eddie

Sorry if you thought my post was patronising. I didn’t mean it that way. In your original post you seemed to imply CB was rewarding himself now (which he's not) so I wasn’t sure if you realised how options worked (genuinely). Some seem to think that option shares are given for free.

I agree with you that 4p would show more confidence in the future SP, but at least CB seems to be confident it’s going to go higher – which is encouraging.

Eddie

CB will only be rewarded if he gets the SP higher than it is now. He hasnt been given the shares for free ( I assume you know how options work).

He already has 3.3M options at 2p strike price so now that's 6.8M at 2p. Obviously 2p SP means he wont make money with those 6.8M options so I think CB is very confident this is going way over 2p.

To listen only to CB.......

Please follow this link to register to participate in the upcoming AGM, to be held 30 June 2020 at 3pm: https://www.diamondpass.net/7768497

Questions
The Board is arranging a listen-only conference call facility to allow shareholders to dial in to the
AGM and follow proceedings remotely. The conference call details will be published on the
Company’s website at www.xtractresources.com, approximately 72 hours before the date and time
of the meeting and may also be included in an announcement, issued prior to the AGM.

Furthermore, if a shareholder has a question that they would like to raise at the AGM, we ask that
instead of attending the meeting they send questions by email to info@xtractresources.com no later
than 10.00 a.m. on 26 June 2020. Answers to as many questions as possible will be provided by the
Company on the AGM conference call

This may well drift below 1p if there is no good news, so I'm not surprised there are very few little buys. I would think many are worried of a placing or more big sells.

That said, I am confident this will be way above 2p in the next few months and probably circa 5p this time next year.

AIMHO

BBS

I guess it all depends on how the word ‘construction’ is defined. Has construction started when the main assembly parts have been manufactured or when the physical build starts to take place at site location? I am aware that large main assy have already been manufactured. I’ve never known CB to be on time with any of his predictions so I’m sticking with the Q1 income prediction atm( subject to further updates). I’ve added in the CB factor !

If I’m wrong and it’s on time - then great.

In the big picture it doesn’t matter that much if we get income in late 2020 or early 2021, but I wouldn’t want anyone to be have a high expectation of CB’s time scales being met, only then to be disappointed later on if / when they are not. That has happened many times before here.

Yes, of course, it depends on borders being opened. My Q1 income timescale is assuming borders are opened ready for July start date.

I do keep saying timescales slip, but that's because they keep slipping :)

Irrespective when we do get HR income it now looks almost certain we will get a substantial increase in income and an SP rerate, although I think 5p is more likely in early to mid 2021.

I really hope CB’s forecast of Hard rock income by October is correct but I would be surprised if that happened.

CB has already said that the mine will need 1 month’s commissioning for testing before production could start, so if the mine construction starts in early July it will need to be completed in 2 months (early September) for commissioning to be completed by early October. Even then it would be challenging for income to be declared in late October. Against these time scales construction would need to be 2 months, which is significantly quicker than the original 8 months construction time scale or the revised 4 months time scale.

I hope I’m wrong but I’m sticking with my Q1 timescale for declared Hard rock income. History has shown its always best to treat CB's time scales as being optimistic .

BttS

With respect, you’re obviously not happy to debate different views. When someone says something you don’t like or agree with, you deliberately misinterpret and mischaracterise what they have said.

That’s not debating.

Just in your last post you said that I….. ‘seem unhappy that CB is spreading his wings’. Again deliberate mischaracterisation of what I said.

I’m more than happy for CB to ‘spread his wings’ by monetising the potential and start income generation. Because that’s what’s going to rerate the SP and that’s what I want to happen.

Anyway, I’ll leave it there as these type of posts don’t add anything to the BB. I expect you’ll may want the last word on this, if so, try and not mischaracterise what I’ve said ……yet again !

NtM

Just seen your and Gixxer's posts !

His motivation does seem to be antagonistic rather than debate different views!

BttS

You’re obviously deliberately trying to misinterpret what I am saying and are being mischievous.

I’ve seen your posts on another BB and you do the same there.

BttS

But he has spotted potential ! That's the point.

You may be happy for CB to keep spotting more potential and do nothing with it, but many now want him to monitise it. As we have seen today, more potential will not rerate the SP.

18 months ago today's RNS would have probably moved the SP much higher. The reason why the SP is virtually unchanged today is because many now want CB to ‘show us the money’ and have had enough of potential good news tomorrow.

Hopefully, CB will be ‘showing us the money’ in the next 6 or so months when he announces hard rock income.

It really is time for CB to deliver and to stop talking about potential. I think the market agrees.