Member Info for Andrew4444

Nightingale

WTF !! Ridiculous and silly comment.

You're claiming Xtract owned a spade, and a new one at that !

Blatant Ramp!

After reading that article again, and again, most of it is non sequitur, or it’s not relevant to the current situation as it’s old historical events. More importantly, we are currently in a 90 day period of due diligence so no firm commitment or legal undertaking has been made by CB. I wonder if CB wanted to, ‘cough’, double check a few facts before agreeing to be the contractor - hence 90 day DD. If he thinks it’s all a bit dodgy, he can decline to pursue this with no loss of money or commitment.

As this potential deal had very little (if any) bearing on the recent SP rise (IMHO) , I doubt there would be much, if any, effect on the SP even if CB declined to pursue this. I'm not suggesting he will decline.

In short, nothing to see here - move along now :-)

https://webtechlaw.com/2013/09/27/yes-you-can-be-sued-for-sharing-a-defamatory-facebook-post-or-tweet/

1. SP stared to rise early July and well before Copper agreement announced.
2. SP spiked a few days after agreement not when announced.
3. SP tanked due to placing.
4. nearly all of the value here is in FB HR deal so if CB pulls the copper deal / can't progress it, it will have little effect on SP (not that he will pull it).

CB has now wasted his time going a placing IMHO. He will now be able to get the same amount of funds from suing the author of that article.

IMHO

I’m very pleased and surprised at the robustness of the SP today. Historically, when there has been bad news everyone runs for the hills and the SP dives and there is a wall of selling .

Maybe many are of the same mind-set as me and are waiting for Q2 results before making a decision? Alternatively it could be that there is much more confidence here now and many believe that CB has produced a credible pathway to success?

We will probably know if that’s true this time next week – after Q2 results and a week after the placing. At the moment, at least, things are looks a lot better than I thought they would be.

NtM

What I meant was that between Q2 results (possibly good results and a spike) there would be a three month gap between next results and imho no hard rock income in that time. There would be three months for the sp to slowly drift down by say 25% on little news. This has happened before a few times. Of course if there was unexpected good news re Hard Rock updates - it would stop the slow decline.

Of course I could be wrong but that would be my view - assuming there is no meaningful news in the 3 months after Q2 results.

Daz

I didnt say poster, I said posters. And I was mainly referring to claims of FB income this year.

In short, many have said that they think we will get Hard rock income this year. If they are correct then the income will substantially increase as we are currently getting very low alluvial income. If we do get Hard rock income this year then they will be right and I wrong.

My main point in my last post was to correct CE's claim that I had 'put false words in CBs mouth'. If you read my original post I did not do that as I was not referring to CB.

As CE has quite rightly said, we shouldn't accuse people of saying something they havnt, be it a CEO of a company or a poster on a messaging board :)

Hello CE

You are correct, I am above putting false words in CB’s mouth. That’s why I didn’t.

If you read my post again, you will see that I didn’t say that CB said that there would be substantial income this year. The phrase I used was - as some have suggested - I didn’t name CB as I was referring to posters.

That said, that was a typo as I should have said - substantial increase in income. Of course, any poster who holds that view, could be right and I could be wrong.

Yes, I should be more careful when I write, but some should be more careful when they read !

NtM

In fairness to CB, this is the first placing for a long time and he did give an indication that this could happen (at Investor show) so no one should be amazed at the placing.

I’m still confident this will do well – mainly because of FB deal – but my ‘take away view’ from this placing is that substantial income is not just around the corner as some have suggested. If it wasn’t for the imminent Q2 results I would have sold some on this news. Too risky IMHO to sell now as the bounce could happen next week after Q2 results. If it does bounce I may well look at selling some as, I think, we are going to have many months of waiting for any sustained income (for reasons already stated) and that may well see the sp drift down over next few months.

I said at the time of the copper plays, why didnt he wait until we had FB hard rock income before trying other projections. If he would have missed the opportunity to do the copper deals then so be it. Just focus on FB get income, deliver shareholder value and then try to expand. I’m tempted to say .. a bird in the hand …

By end of next week, and after Q2 results, I see the sp being over 1.5p or under 1p. I am still amazed at the small number of sells (on the news) and the time it took for the sells to start in any real volume. Maybe the delayed wall of sells is holding off waiting for Q2 results, and they may turn into a wall of buys after Q2 results?

We’ll know soon enough.

Hello CE

I guess that's a very positive way of looking at things. It could have been worse!

Yes dilution could have been worse but the alternative view is that if he got his timing right there may not have need to be any dilution.

It was CB himself who, at the investor show, associated that words - timing right = no placing. Therefore it's not unreasonable to say - if there is a placing, then he didnt get his timing tight.

..his strange comment right at the the end of the Investor Show, when he said.. If I get my timing right I won't need to get the placing bowl out ! I said at the time that was a worrying comment and that he seemed to say it as quick one liner.. and run!!

What is more revealing is that income, be it Hard rock income or from Copper play is highly unlikely to be soon as some have said. Why do a placing to raise £1m if income is due very soon? I said just a few days ago I didnt think we would get any income (hard rock or copper plays) until next year and I think that is looking more likely now after this raise.

I didnt sell any on this news as it may well bounce back quick on Q2 results. Looking at the very few sells after RNS, I think a lot have taken the same view. I am amazed there was not a wall of selling on this news. More of a paper cut than a blood bath...so far.

That said, IF Q2 results are not good then we may well be back under 1p in August. I have taken a gamble that that wont be the case (not sold) and imminent Q2 results will see a bounce back.... but who knows with this share!

I'm still here for FB Hard Rock agreement which I still think will see 6p in 2 years. As already stated, I really am not convinced the copper plays are anything more than a punt and a gamble. Now a £1m gamble.

Next 7 days will be interesting.

Hello Bob

I hope you are right, you maybe, but I am not as confident as you that we will get any copper income this year. The Copper plays seem to be more of ‘have a go and see’ rather than a robust project like Fairbride. It seems similar to the alluvials – could be good but may not be.

Yes he’s done a few pod casts but he did many pod casts championing the alluvials and quoting some impressive possible income figures. We know how that played out. Copper play seems a bit like that to me.

As I say, I hope you’re right and CB pulls off a blinder and we get substantial income this year – but I would be very surprised.

Kosso

Copper mines will increase SP if they play out as CB has implied. It may do but LTHs will remember Okiep copper mine and all the promises that were made with that. I can't see any income from Copper plays until next year - assuming that ever happens.

I'm more focused on Fairbride which is a robust project, DFS, detailed planned and has a high chance of delivering substantial income early next year. That should take the SP to circa 6p in a year or two.

I expect this to spike after Q2 results as I think alluvial income will be the highest ever. I say that for a number of reasons:

1. Grades were very low last quarter so we will have to be exceptionally unlucky to get lower grades. The increase in production (200tph x 24 /7) for ALL of the quarter rather than just for one month (Q1), should see a big increase in income – even with low grades.
2. Gold price higher. This wont make a massive difference but will help.
3. Q2 usually has the best weather conditions so this is usually the best month for production.

I’m expecting income to Xtract to be circa $300K from Q2 production.

Furthermore, H50 reported back from the AGM that CB had confirmed that all of the unsold Gold had been sold and this would appear in the Q2 results. That should be about another $300K.

Although this additional $300K should be considered a one-off and nothing to do with Q2 results, I suspect many new investors will see the headline figure of circa $600K income and see that as a reason to buy in. They may also start looking at this company and liking what they see re future hard rock income - and buy because of that. So I think we may well see a spike after Q2 results (next week) and that may well see the sp break 2p.

Of course if 2p isnt broken before Q2 results are out :-)

We’ll see.

https://seekingalpha.com/article/4272414-small-cap-gold-mining-stocks-getting-attention

Allrc

Sorry but even the best case scenario this aint going to 85p. Even those very very positive posters wont predict that.

You will have a good chance to ameliorate your loses though.

ATB

Hello CE

1.55p too rich?

You must have changed your view from a few days ago then :)

'so why would anybody that paid 3p, 4p, 5p....a couple of years ago, not be happy to pay 1.5p or 2p now that the company has a clearly defined strategy and is moving towards significant income'

;-)

Thankfully I've never had to say it !

1.5399 ASK

No problem buying

allrc

The last consolidation was 200:1 so multiply the sp you bought at by 200 to get today's equivalent sp you bought at.

Lets hope this isn't a white Elephant..

(sorry couldn't resist :)