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CB is 80 in November
Clearly now lacking drive and enthusiasm, well for XTR anyway, past his best and time for him to retire imho.
We need a younger, more focused and dynamic CEO to take this forward now.
"I think you'll get an rns this week or website will show AGM date before end of June"
Not according to the rules we can't. 21 days notice.
https://www.legislation.gov.uk/ukpga/2006/46/part/13/chapter/3/crossheading/notice-of-meetings/enacted?view=plain
Companies ACT 2006. Part 207 2a..
307 Notice required of general meeting
(1)A general meeting of a private company (other than an adjourned meeting) must be called by notice of at least 14 days.
(2)A general meeting of a public company (other than an adjourned meeting) must be called by notice of—
(a)in the case of an annual general meeting, at least 21 days, and
BTTS
I think LW was being a tad sarcastic with his comment to Dani :)
As you say, many have repeatedly told her.
Originally, I thought Dani was a bit delusional with her views, but I think she is now just deliberately winding up others with her provocative comments.
I have not filtered her, but I ignore her posts now, as soon as I see its from her or one of her alias'.
N/T for any amount but I can sell up to 1m
MMs still after our shares then....
So No AGM calling notice. This must be against the rules . No explanation / reason why delayed.
I've had enough of this now. He's nearly 80 and has to go.
I'd support a vote of no confidence tbh
He's treating us with contempt and like fools.
"Some reasons for extension of AGM are:
Mergers & acquisitions"
Silly me. Of course that will be it :)
Next RNS should be confirmation we have sold to AA for circa £100M
Apologise Colin !
Unless we get a calling notice today, the AGM can't be held this month. 3 weeks notice is required
I just don't understand this as there is a legal requirement for the AGM to be held within 6 months of end of year account period.
Covid flexibility (can be held later) does not now apply.
Has CB decided to retire and not tell anyone?
I would think and expect news tomorrow should be AGM calling notice and soon to follow , end of year results?
Ok nothing spectacular, but at least the radio silence should be broken?
1.63 u/t trade after hours added about another 5% on to the 3% real rise.
Highly likely that this will open up lower tomorrow because of the 5% false increase.
A bit too early to call, but looking at trades over last few days it looks as though this has hit bottom and moving back up??????? A few getting in maybe for FB income results??
I would be very p off if there was a raise under 6p and for more than 5% dilution. LTH have been here long enough and should not be funding, via dilution, a big pay off for the next cohort buying in.
We've paid our dues.
That said, I am fairly sure next drilling will be done via FB income and that is why CB is not saying much atm. We are in hold and wait situation until FB income starts to come in significant amount - probably by Q4 2023.
Last year the AGM was allowed to be held later than rules stated ( in August) due to the knock on affect of Covid . An AGM has to be held within 6 months of the end of the accounting period - which is 31 Dec for Xtract. So the AGM will need to held by 30 June.
We must have at least 3 weeks notice so I would think we will get AGM calling notice on Monday or Tuesday and the AGM will probably be held on Friday 30 June (latest possible date).
End of year results for 2022 will probably be released end of June or slightly before.
I would imagine CB will be releasing some good news before AGM (Fairbride income figures?) to try and appease the Shareholders. If he doesnt then he's in for a rough ride as I think it will be very acrimonious !
"I wonder what reasons you attribute to the other numerous similar drops over recent months"
Over the last 2 months, more days than not there has been same number of buys as sells but sp has gone down. If you looked at total buys v sells over those 2 months there has not been a sell off but just low volume and when that happens MMs will keep taking it down to create volume.
We have not had any bad news over last 2 months, just low volume - most days. As soon as we got a bit of volume ask went up.
Manica ramping up production
Not sure if anyone can number crunch figures given to work out current Kg production at FB??
https://www.youtube.com/watch?v=B6WwYssQUSM
"Are you friend or foe? Just so I know"
Have a look at Pyo's posting history - that will tell you every thing you need to know !
More buys than sells and down circa 5%
Due to very low volume MMs took this down this morning to generate volume imo.
No reason for the 6% drop against those trades
"do wonder who is selling at current prices"
If you mean today, nearly all were buys but showed at sells.
Over the last few weeks or so there has not been much volume so hardly anyone is selling , or indeed buying. Those that are selling are probably distressed sellers who have to (unexpected bill) or those that think another punt will move quicker than this in the very short term.
They maybe right.
I'm still confident sp will be nearer 3p than 2p by end of year due to FB income being confirmed in an RNS
"I hope those private thank you messages are not all from Ma Baker to Ma Baker "
I'm sure they are not. They are probably to Ma Baker from Bauhaus, Dani and twinkle3 over at ADFIN :)
(Calm down Dani -Just joking !!)
Looks like all buys today apart from:
1.45 x 100k and 1.5 x 50k sells
So 1.8m buys v 0.15 m sells. As far as I can make out.
Looks like a 1.25M buy ?
at 1.5p I assume its a buy?
It would be good to get some clarity on this at the AGM - which should be in less than 4 weeks.
I don't know if anyone attending wants to ask some questions on behalf of the group, but if they do the other question would be what is CB's revised expectation of Gold production at FB (it was 80kg to 100kg) and when does he think it will reach max production? End of the year?
Yes I know his answers are not in an RNS but its the best option we have at the moment :)
(My Q3 was, does he feel embarrassed and guilty for his terrible forward guidance and trying to gaslight the shareholders - but I think it's best not to include that one :) )