Member Info for Andrew4444

CE

OK thanks for clarification.

So if I've got this right, the anticipated hard rock income appears to be from FB + non-FB but for quick wins (non-sulphide ore). Phase one.

Thanks

CE Thanks for your feed back. Greatly appreciated.

For clarity, do you know if CB has introduced another 2 alluvial plants (2 to 4 plants you said) to ensure we meet the
24 /7 200tph min output, or are the two additional plants to ensure production exceeds the 24/7 200tph output?

Secondly, is the Hard rock anticipated income solely what xtract will get (after our % cut) or is that before Omnia or Explorator or whoever take their cut? CB is very good at giving headline figures prior to any other parties taking their cut. I am assuming its Xtract's cut.

Finally, are the hard rock figures CB stated for all of the hard rock ie fairbride + non-fairbride or is that one element of the hard rock ie only FB or only non-FB.

Thanks

If we dont get any news from CE or Capt Bob tonight, we may see some massive buys... or sells, at the bell tomorrow morning :)

The advantage of actually attending the meeting and getting news first hand !!

wwguk

Thanks for info. That's a bit more reassuring then.

If JPM are going to finance this and deal announced very soon, why havnt they closed their short position on this??

As far as I know its still open.

Scully

He may think you can't afford to lose £31K because you said this today.....

With £20k in my partners SIPP plus my £10700 we now have £30700 stake. Not an amount we can afford to lose

Hope it goes in your favour!

Yes, he has been kicking the can down the road but I think he will run out of road by Q2 results. Production should be 2 x 200 tph for all of that quarter and there should be no rain issues. If production is not circa double last Q2 results then it could see the end of belief for many. He cant keep saying ......you just wait until this time next year...

I am expecting Q2 results to be about 3500oz so think it will work out OK and the sp will reflect this improvement. If I'm wrong then I will have to review my position here.

Q2 results are imho pivotal to which way this goes.

Btw, CB is 75. Born Nov 1943. Google Director ID 900435824

Some may say, after so many missed targets and deadlines stated in RNSs, even if he says anything meaningful in an RNS that also would be taken at face value :)

25 Oct RNS· Pit and process planning underway to commence hard rock mining in the 1st Quarter of 2019.

29 Aug RNS. Construction by Omnia of its 40kt per month free gold processing plant completed, with commissioning planned in November 2018.

28 Sept RNS. We expect that the fourth quarter of 2018 we will prepare a three-year operation plan (manica area) together with costings.

Scully

Good luck. Not too sure why you think this will go up as nothing has changed since close.

You may be right though. But I would be very surprised if it spiked up.

GL

Hopefully CB will be able to answer our questions and he wont turn the whole event into a sales pitch.

Urraca

Biard or Bard?

If the Bard agreed the offer price then not too sure what the offer price would be, may be...

2p or not 2p, that is the question.

Sorry.

CE

Many thanks. Greatly appreciated.

Don't forget, he's 75 so don't be too hard on him:)

Just try and stop him focusing on Zambia and get him talking about Manica !

Good luck with that and I await with interest the feed back !

Thanks

JDAU

You've misunderstood my Q9. It wasn't why has CB not sold the gold (although that is an option) but what plans does he have for it. It could be, as you suggest, to keep it as an insurance policy against poor cash flow. Or it could be to sell some of it to fund new projects over border. Or something else. There are different options so the answer can't be obvious. Hence the question.

Q10. Many have speculated on the impact of the cyclone but I'd prefer CB to tell us the facts rather than we all keep guessing - hence the question.

.. IF it is made would be rejected as its opening offer. No one knows how this will play out but its not unreasonable to assume an offer of 6p to 10p will, eventually, be accepted.

Obviously there is till a chance that all shareholders lose their money but imho my 50/50 bet is now 70/30 in favour of a win.

Should be fun today with SP !

GLA in the AIM casino!

You kindly said you would try and get answers to my 6 questions at the investor show. I have four more which I think are pertinent. Numbers 7 to 10 below. I'm sure you had many of these ready to ask anyway. Full 10 questions are..

1. Did Sino Mk2 start working 2 x 200tph plants in early Feb? If not when did they?

2. Have Sino Mk2 started working the higher overburden yet? If not when will they start working the higher overburden?

3. When does he think Omnia will start Hard Rock mining?
(There seems to be a difference of opinion from many posters on this. Either imminently or end of this year)

4. Will Omnia now be processing all hard rock from FB and non-FB or is the agreement still just for non-FB.
(Clarity on what he is saying in recent interviews)

5. What is current level of Cash In Bank?

6. Are we still pursuing Moz Gold compensation claim? If so any news?

7. What is Xtract's group monthly costs now? You said that CB informed you at the last AGM (I think it was at that meeting) that total group costs were circa $85K a month (not just for alluvial production but all group costs). What are they now?

8. What is the latest plan for ex Moz gold plant? Use when and for what purpose? If sell, when?

9. What plans has he got for all the stored Gold? Sell soon? When?

10. How has the recent cyclone affected alluvial production? Shut down or reduced production?

Sorry for all the questions but I think all shareholders would benefit from some clarity on answers to these questions.

I understand if you wont have time to ask all these or if you think it's a bit cheeky of me to ask you to cover all these issues !!!

Any info on any any of the above would be greatly appreciated by all shareholders.

Hello CE

On balance, I think it probably hasnt had a major impact but I think it would have been better for CB to have gone for the explicit policy rather than implicit one, like Agriterra have just done. Puts minds at rest. Especially as you rightly say.......With CB you never can tell...

it's not a mad bet at all. Risk reward looks very good. Its a 50/50 bet but with most 50/50 you either lose all your money or double it. here if you win you will more than double your money, maybe 5 bag.

It's still a Red or black gamble though and despite what some may imply on here, no one knows which way it will go.

Re the Cyclone affecting production - all could be fine but CB's history re lack of comms, is the driver for many , no doubt, thinking the worst.

Many may think that he has not released an RNS as Agriterra have done, because we have not got off as lucky as them. That negative view could be wrong, but he has form in holding back bad news. Moz Gold departure and problems is a good example of that.

Is it no wonder there has been a lot of sells recently and the sp is down.

Coffee

I was thinking the same over the weekend. I think this is a poor show by CB - even by his very bad comms standards! It's hardly a minor issue.

Production may not have been affected much as we may have escaped the worst of the cyclone / rain - but no one knows. Alternately, we could still be shut down.

Who Knows?

Many may think the impact could be bad as CB has not said anything. He seems tardy when giving bad news and if the news was good (little impact) wouldn't he want to get this message out straight away?

We will know by Saturday as he is at Investor show and no doubt this will be asked.

An update RNS would clarify the situation and stop us having to guess.

This may cause a few problems with production and for xtr shareholders, but not as many problems as it has caused for those poor people living in the area.

These disasters really help many focus on what's really important in life.