Member Info for Andrew4444

Oldmanriver I think shareholders have every right to express their opinion and be critical esp as they have invested money in the co and are probably paying the wages of the board. Taking your argument to its logically conclusion, no shareholder should be able to criticise a company unless they could run the company. Or, you shouldnt complain about a meal in a restaurant unless you can cook as well as the head chef.

LW I think its purpose was to throw some Red meat to the those attending AGM. May be a sausage rather than Red meat . I doubt it would have been released if the AGM was not next week. (IMHO)

CB has released an RNS and the sp has not gone down :) Give him some credit for that! In all seriousness, This is a strong buy for me at this level. Despite Cbs trust issues we do have a great asset and I'm sure CB will realise, at least, some value from it. But will it go up by 50% in a year or 500%? He can't now ramp-up the sp by talking, as no one believes him. He'll now have to deliver to move SP. Fundamentals here are much better then SP. IMHO

Mike Although his strategy of kicking the can down the road is very frustrating, I do see long term hope here. At some point in the future he will agree FB hard rock deal, and no doubt Non-FB hard rock deal. The fundamentals here, I think, can absorb this delay as I believe Sino alluvial income will cover total and all co costs ($85K a month according to CE when he spoke to CB). Even a poor HR deal should see the sp re rate as nothing is priced in. Even if Sino dont cover all costs ( I think they will), the short fall will probably be small at $20K to $30K. From the investor show, CB said we have over $1M CIB so CB could easily wait 6 +months before any deal was agreed. I'm sure he wont wait longer than 6 months. Maybe CB doesnt feel under pressure to agree to any deal now as he knows we can still keep the lights on for a long time. We are not a typical AIM co that is loss making, having a heavy cash burn who may need to do a placing soon to keep a float. The problem here (IMHO) is that CB keeps over promising and when he doesnt deliver or meet targets the SP falls through disappointment and lack of trust, not against the fundamentals of the co. I posted a question a while back, where would the SP be now if CB had said last year that alluvial income would only meet costs, and Hard rock agreements would be signed in late H2 of 2018. I suspect SP would be mid 2ps

H50 I also hope CB gives us some good news before AGM but he wont be able to if there isnt any. I'm not sure he will close any deals in the next week. I think he will just be ready to take a beating and try and placate those there with a promise of very good news soon. Maybe he'll say a brilliant RNS is coming in 2 to 6 weeks :)

Welcome aboard Nicetomichu Thanks for the compliment. I try to be balanced and not be dogmatically wedded to a certain view (good or bad). If the facts change, then my opinion changes (unlike spaceman !). I wholeheartedly agree with your second para in your first post. CB can't manage expectations, ramps them up, then disappoints. Nevertheless, the fundamentals are still very good here, over sold and should rerate with just a little bit of good news. Lets hope CB can find us some good news soon ! After 4 years of averaging down, I've now had enough :)

Jamiesiecakes Don't try too hard trying to make sense of the figures. I think the person who wrote the RNS also wrote the clues on Dusty bin 3-2-1

IWTO The RNS stated, in black and white... Xtract's net share of the combined attributable contractor income is US$320,000 (40% of $800K). If Xtract didnt get $320K then not so much poor wording, but deceit (some may say).

H50 I agree with your view that this offers very good value now and has been oversold. I;m taking advantage also. I don't agree re your view on CBs PR. No one is asking for an expensive presentation every month, just for him to reply to emails, just once or twice would be nice!

James That is also my understanding. I think the problem for many is / was, that $320K income was declared Q4 25 Jan RNS, then CB said Q1 income would be slightly higher but it was $133K 27 April RNS. No one has been able to explain this anomaly (CB saying income will be higher Q4 to Q1but it wasn't). This caused a fall in SP.

Teacup You said.. ...but each newsless day that passes inevitably puts us one step closer to building upon the foundations CB has built over the past year. ..... I hope you are right. That is definitely a very positive way of looking at things. Those less positive could say that no news means that CB has not yet managed to negotiate the deals he thought he could and that there are still alluvial problems that require more time to rectify. ie Moz Not saying that is the case but for balance I thought I'd give the alternative view ! Whatever the reason I expect sp to be above 2p in a couple of months as IMHO the fall was over done. I'm buying at sub 2p.

If anyone is going to the AGM they could help matters by giving Joel a new calculator.

until AGM. I hope CB has some good news before then, for his sake. Otherwise he may need to get his tin hat on :)

H50 I agree with your assessment that this offers very good value and I have also been adding down here. Not sure if the final results for last year - which we all knew were bad, was the driver for the fall. I think the drop was due to the FB hard rock agreement being moved out to later in year when we were led to believe it was imminent.. This inits self is OK, but yet again another deadline / target had slipped and I think many lost confidence in CB or, at best, thought this would take longer to realise value and in the AIM world many are looking for their next quick win - not wanting to wait 6 to 12 months. Also, we may have Moz gold plant, but is it fit for purpose? My gut feeling is is wasnt so much of the rains that stopped the income, but because their plant could not process the fine gold they were recovering. Which may mean this asset requires more money to be invested to modify it. So not as good as some have said ie $400K loan now a $4M asset. In addition, many have realised the FB HR slice we may get is very low so all these millions of $ being mentioned are not relevant to us- our net after tax income per year will be circa �2M from FB. Nice but not the headline figure many are quoting. For the reasons you have stated I think this will recovery to 5p or 6p in two years so I am adding more now and expect to make a very good profit here - eventually. But I think its more than understandable why many have left, esp as you can't trust everything CB says..

Same here I actually thought at 0p ask, it was looking a good time to average down. �100 buy gets you infinite number of shares :)

Teacup You're right. But when that wave has finished and all those bruised and battered have gone there may well be a new wave who are happy to hold - assuming the co is making progress and CB is delivering. I'm not saying he definitely will deliver but there is a possibility progress will have been made in 6 - 12 months and the sp won't keep going up and down for ever. Alternatively the co could have gone bust by then!

Bat Yes of course that will happen, but it may settle at 30% down after rise and off we go again on next news flow. 2 steps forward and 1 back. My biggest mistake here was not trading this over the last year. I will now be keep a couple of million to trade and the rest hold and forget for a year or so.

Pie I've no idea if / when we are going to get an OK / good, / very good / , brilliant RNS but at this level any decent news should cause a big SP increase. We could be back to 2p to 2.5p very quickly on very good or better news. IMHO

JDAU Since you started posting an hour ago there has been loads of buys going through ! FFS man keep posting :)

Oldmanriver I agree, it was a very strange drop on old news. But I suspect the, yet again, delay in Hard rock news was the final straw for many. They may have come to the conclusion that this is going to be a slow burner and will take 12 months + to deliver value. They may have thought that other shares will be quicker to deliver value. Straw that broke the camels back.