Member Info for Andrew4444

LW Its highly likely that this co would have gone bust if CB had not taken over executive control. He deserves credit for that as LTH would have lost all their money. I'd rather be in this position than the alternative.

Yeah but some pups can grow, with time, into Great Danes ! Hopefully its a Gold-en retriever :)

IWTO Indeed it does, and now we have a bit more clarity on that area could be a factor why the sp has dropped??

Thomas65 Not really a case of going on about it as you say, but I wouldn't want anyone to think we're going to make circa $10M a year from alluvials. We're not. We dont need to wait for news to see if that;s correct !

IWTO I think your 25kg = $400K a month per contractor is way too optimistic. That would mean $800K a month (combined) = circa $10M a year. That would see alluvial income 2 to 3 times more than CB estimated for FB !! This was Caveat Emptor post a few days ago, (after speaking to Colin at the presentation). Figures and calcs seems believable to me. >>>>>>>>>>>>>>>>>>>>>>>> My understanding is that Colin expects Sino alone to produce at least 25-30Kg in total each month. We would net 7.6% of this - so, based on 27.5 kg: 27.5 x 31 x 1300 x 0.076 = $84,000 net to XTR, or approximately $1M per year. Colin told me that this figure represented the true break even figure, taking into account all production commitments, local management and corporate expenses for the company. Colin therefore expects Sino production to minimally cover all XTR costs from Q2 onwards. Any other income from any other source would therefore now be clear profit. Similarly Colin also expects to get at least 25Kg per month production out of the 'M'alluvials , starting in Q2 and the net profit to XTR will depend upon the basis upon which the 'M' alluvials are worked: a. With Moz as contractor and XTR as shareholder in Moz? b. With XTR working the alluvials directly (we have the necessary expertise already on site)- using seized plant from Moz? c. A JV with another contractor, with XTR supplying plant seized from Moz and the contractor supplying the labour? As I see it these are the only practical options open to us for the working of the 'M' alluvials - and every single one of them will result in the XTR share being multiples of the current 7.6% royalty.

LS Yes I should have qualified that 7.6% - for Sino only. A lot more according CE re Moz.

Ghost I think you could interpret it either way TBH. I think we are now into politics speak of aspirations or targets !

Pie We only get 7.6% of that !

Pie314 Someone who was at the presentation spoke to CB and he said CB said the 25kg was per contractor ie sino and Moz, so that supports the 50kg figure in the notes. As you say, CB said combined 25kg, so why say to others its 25 kg per contractor.

BMB Yes that was the vid I was referring to. 50kg as per the presentation notes, however, in the vid you referred to, CB states min 25kg and UPTO 50kg(some months). Is it 50kg or 25kg up to 50kg (some months)? As ever, you can interpret some of the things he says in a few ways.

LS Against the fundamentals you are obviously correct. I've taken this opportunity to add. We are lower now then when we had debt ! But all roads lead to Rome. The market does not completely trust CB. A lot of what he says doesnt happen or it can be taken in different ways. No clarity. eg confusion over the alluvial income. Is it 50kg as per the presentation notes, or min 25kg and UPTO 50kg(some months) as per the vid of his presentation. or are we really going to flip a $400K loan to a $4.5M Moz asset. Or was the $4.5M figures the original new build cost and now, through depreciation, worth �1.5M - enough to cover the loan and incurred debts. Not bad but not $400K turns into $4.5M asset. Will we really get this brilliant / fantastic RNS by end of this month - as reported by some at the presentation who spoke to CB.

In the presentation notes it states that 'Production building up to planned 50 kg per month' In the presentation CB implied that the min would be 25Kg a month and some months up to 40 or 50kg. The notes seems to imply 50kg a month will be output but in the presentation CB seemed to imply 50kg would be rare and high, not usual.. Not too sure which to believe. CE said that CB told him it would be 25kg sino and 25kg Moz so may be 50kg a month is correct?? Seems inconsistent, to me anyway..

CC I agree, the 4.5 M figures is very likely to be new build cost. Worth a lot less now but enough to cover the initial loan and maybe some of the penalties. That's sensible and more believable, for me anyway. It did seem very unlikely that we could have turned a $400K loan into a $4.5M asset.

Cavity I wouldn't hold your breath re Monthly updates ! Next income update Q2 last week in July (IMHO)

Itsadjuster You said sell it ..... take our cut then and return the balance. That makes sense.. But not sell it, take our cut and keep the balance ! That's the part I find difficult to believe. Anyway, I think we will find out very soon tbh.

JDAU I'm sure you are right re MC against circa $4M income but the big question is will CB deliver. I think that's a legitimate concern. On balance, I think he probably will. I agree that MC could be higher than x5 if go down the low risk /ow cost route.

Ghost Thanks. Obviously I did read it wrong. Still, to me anyway, seems low.

O and W Interesting take. Not too sure if I have read correctly what you mean but it seems that you are saying that after alluvial income and FB income the MC will be �5mn - �7.8mn . So, if I've got this right, you are saying that after alluvial and FB income, MC will be possibly less than it is now or very slightly higher.. If correct, I cant see sp getting above 2.75p Interesting view.

CE I agree. Not an issue with him not being polished presenter or looking media trained, but I dont think its unreasonable to expect him to know his numbers re FB. I will cut him some slack,after all he does come from West Yorkshire :)

cc and ghost I did think it was a bit unprofessional when watching it. It wasnt as if it was a fast ball question. FB income details should be known up side down. 35Million ounces! Oh dear ! If he was on Dragons den it would have been - i'm out !