Member Info for Andrew4444

Lucky

I hope you're right that its down to CB trying to negotiate a better / best deal.

The alternative view is that MMP may be trying to 'negotiating' with CB into selling all of manica at a lower price. MMP/Omnia are a partnership. They must know that alluvial income is going to stop in next few months so Xtract will have no income and rely only on CIB by Q3. (Assuming no income from Copper plays happens by then which seems unlikely

If there is no HR income by end of year then then that would put MMP/Omnia in a very strong bargaining position. MMP/Omnia dragging things out???

Just a theory and may be completely wrong.

What a pity Omnia couldnt process the low hanging fruit. That would have given xtract a reliable source of income and put CB in a good bargaining position in their negotiations with MMP and...Omnia.

Just a thought.....

LW

The RNS stating Nexus claim was 12 December. The RNS stating HR news by end of March was early March. If there was an issue with HR announcement being delayed then CB should have known about this prior to his end of March deadline statement.

Maybe its down to Sandersons sells - something that he can't announce to shareholders?

'had someone competent been in charge, we would have seen much high prices than that by now'

I guess we'll never know 'what if' but my bet is that you are correct. And the reason I say that is because I feel CB's constant and consistent missed targets / timescales have damaged confidence and trust in him, and therefore destroyed the SP. As I've said many many times before, if this co wasnt called Xtract, the SP would be substantially higher.

I don't think there are many left now who still believe in any of his forward guidance timescales. Whether that's because he is being economical with the truth, or down to his own poor judgement.

My frustration has increased here recently as I see so many Junior Gold miners doing so well in these excellent conditions - apart from us !!

Gixxer

CB certainly has not delivered what he said and there are serious questions for him to answer, but I still believe that there is a good chance this will rerate from these levels simply because there is a mismatch between the fundamentals and the MC. Some may say that value gap is down to CB destroying confidence due to many missed targets- but nevertheless it still looks undervalued.

Whether that means any LTH will ever get their money back or we ever see the 3p sp that CB inherited is debatable !

I see 6p as being very realistic on fundamentals but whether CB is the person to deliver that remains to be seen. With SP down 75% from his inherited SP, so far the answer has been no.

This is Aim so anything is possible !

Gixxer

I'm afraid its worse than that re BZT. At the Investor show, 2 years ago, CB did a brilliant presentation re BZT and said ..

'it was the most under valued stock on Aim' (sic)

Then it was 0.42p

This may or may not be useful.

Buys from 5 Sept to Thursday last week. I couldn't be bothered to count buys under 500K.

My findings were:

1. Total buys at or above 500k threshold = 48M buys (circa) . Rounded-up buys in blocks only taken into account.
2. As above but for buys at or above 1M threshold = 25M (circa)

So for over 500K threshold = 48M buys v 90M sells

Over 1 M threshold = 25M buys v 62M sells.

https://xtractresources.com/shareholders/

In a vain attempt to see if I could work out when Sandersons would be out, I’ve spent some time going through the previous sells above 250K threshold, starting from the issue of Sanderson shares (Early Sept) to today.

My findings were:

1. Total sells at or above 250K threshold = 110M sells (circa) . Rounded-up sells in blocks only taken into account as others would probably be PIs not SCP sells. Sells below 250K ignored as probably PIs.
2. As above but for sells at or above 500K threshold (more likely to be SCP) = 90M circa
3. As above but for sells at or above 1M threshold (even more likely to be SCP) = 62M
4. There were quite a few very large sells. 10M x 1. 6M+ x 5. 1M to 2M x 13
5. Rate of very large sells, 1M+ did increase over last few weeks.
6. The impression I was getting is that there is some churn in these sells so SCP shares are possibly being bought and sold again and again and unwound into the market this way. MM could be selling and buying back their own stock to soften the impact of 60M continuous sells?? That is speculation on my part and may be nonsense.

Make of the above, what you will. IMHO, due to the large amount of sells, and even with churn taken into account, I think the selling is nearing an end. I would be surprised if the large sells didn’t stop within the next 4 weeks. Maybe that’s when CB will release the news that he’s sold manica for £100M !!…..but then again, maybe not!

Issue 5 September.

I would start from that date and only include 500K sells or above.

Link does not work btw

I asked the same question a while ago re 500K sells. That would be good info to have. Then again, how many of the SCP sells were 250K? None? Many ?

I'm just a bit more confident after todays info that the next news will be good not bad. But I dont think anyone has a clue when the sells will stop.

I saw the notification of 'Compulsory strike-off action has been discontinued' and was going to post that they are back in the game, but realised that this notification ( Dec) was before the winding-up petition (Jan).

Whatever the details and full facts behind this, it would seem likely that they have financial problems and it's highly likely that the many recent sells are due to the urgent need for cash (IMHO). With the new info re Sandersons financial situation, I think this is now more plausible explanation (re sells), than a placing coming, so I'm more hopeful that the next news will be good rather than bad.

I still don't understand why we havnt seen TR1 notifications though.

As others have said, the high correlation of matching buys and sells may be a transfer of stock???

Whatever the detail behind this, it would seem reasonable to assume that when the selling stops, we should see an uplift in the SP ?? That may be a good time for CB to release any pending good news??? ;)

Now maybe a good time to buy, but i'd be a bit cautious as they may have alot more to sell and we may see this go down further as they keep unloading. Of course the sells could all stop tomorrow or in 3 months.. who knows?

AIMHO

LW

No idea.

I sometimes think we are all in a Lewis Carroll novel

“Curiouser and curiouser!”

Seen this from another board.

https://www.thegazette.co.uk/notice/3462640

Hmmm. Interesting? May explain a few things but if its them selling why no TR1 notice??

More questions then answers.

the 7 shares. If no news by next month I'll be selling another 7.

That should teach Bird and spark him into action :)

Gixxer

Could be, but I've given up trying to understand what;s happening here re trades. As I've said before - it's all very strange.

Could be a placing coming or a rerate !!

Those 500K trades are buys though.

More buys than sells today....so far.

The impression I'm getting is that some LTHs are stating to lose confidence / faith in CB. There is only so much 'jam tomorrow' guidance people will believe...and moreover put up with.

The next update could be critical in keeping many LTHs here. If we get bad news next, ie a placing then we may well see alot exit. Especially as the fundamentals for Gold miners are so good now and many juniors are doing very well. Its so frustrating see so many do so well as we drift down !

I feel CB really needs to 'pull something out of the bag' for longer suffering LTHs now. He's been in executive control for over 3 years now and inherited a SP of circa 3p. His mantra then was..'restore shareholder value' ... when the SP was 3p !! How long do you give him?

Of course, the next RNS may rerate the SP and we could then all be singing his praises??? I hope so.

Over to you Mr Bird.

We may find out in the next couple of months - depending on what the next news is.

He hasnt screwed it up ......yet !

Jury's still out, but CB has asked for 23 other offences to be taken into account :)

Alluvial quarterly updates are usually 1 month after period ends, so first week in May. However, last update was 2 months after period end, so if that is the new normal, no update until early June.

Although this will be the first quarter that we have 100% of profits, don't forget that Q1 results are always the worst quarter due to adverse weather conditions.

I already had that figure. I make it 158 oz of unsold Gold. Updated after Q4 figures released.

Interesting if you get same figure.