Member Info for Andrew4444

From PXC The Investor Relations guy. Posted on another board today

" I recorded the Company's corporate presentation this week and it should be on the website as soon as we finish editing it.

I am not aware of anything material to report: if there was the company would have issued an RNS.

The position with NIU remains as stated: they tell us they are fully committed to the project but have not as yet provided additional funding. When either of those facts change the market will be updated.

In the meantime we are doing exactly what you would expect: minimising our costs and considering all options that will bring value to the company. We are not resting on our laurels."

Well someone is either very confident or stupid.. £34K buy just gone in

"Wonder what if anything will transpire to justify such a rapid sell off."

Stop losses being triggered or more likely "follow the leader" and panic set in.

Of course it could be that it was just leaky and we are going to get some bad news very soon !

Whether NVS purchased the shares himself or not is irrelevant . If he wants to make serious money, well above his salary, he is incentivised to get the SP higher.

He will benefit more than most from a higher SP with that number of shares.

(whether that happens is another matter)

"When he did that July exploration update and said he expects drilling to commence before end Q3 every single one of us said it was BS and wouldn’t happen."

To be fair Howzap said he didnt see why it wouldn't happen when CB said it would !

I think he was in a minority of one though :)

Mr Smith

Can I borrow your crystal ball please :)

You seem to know for certain that POC wont be going over $12K in the next 2 years and that drilling in zambia will find nothing !

To be fair to you, if I'd sold out I wouldn't like to think there is any chance of BR being be sold for a decent amount or any chance of any discovery in zambia :)

"Think how much Mr Colin Bird could bring his average price down if he did the right thing here and went even from those 17m shares to say 25m in the open market."

Agreed. But he's probably waiting for and expecting the ASK to drop sub 0.5p before buying any more :)

Howzap here borrowing Andrew4444's computer

Jez

I take your point but as bad as it is now imagine how bad things would be with £1M raise every year to keep the lights on. That's about 25% of the MC reduction on top of the current fall !

My hope is that the manica money will keep us going for at leas another 2.5 years to 3 years and that hopefully that should be enough time for POC to get to $12K +

yep there is a lot of hope in that sentence :)

CB may be taking a good salary but with the 17M shares he has, the best way for him to make substantially more than his combined yearly salaries is for him to get the sp much higher and sell BR.

Which I think will eventually happen due to a much higher POC.

NtM

I don't think you are a fool as I believe the SP will multi bag at some point in the future (2p to 3p?) either due to a much higher POC and the prospect of BR being sold, or CB doing some of his great ramping work over any decent Zambia drill results.

However, my concern is .....When??

I can't see this moving up for some time ie earliest mid 2025 from Zambia drilling (if it even happens then) or through poc hitting $12K but probably not until end 2025 at the earliest and again that may also be optimistic

Saving grace here is manica money so we have time to sit and wait and wait and wait and wait and....

"That said he may well only be somewhat accepting of responsibility,"

Somewhat?? My take is that he is taking zero accepting of responsibility of the sp crash. Apparently all down to other factors outside his control etc etc

I think what rankles with me nearly as much as the financial loss, is that he seems to be insulting the intelligence of xtract shareholders by implying this fall is nothing to do with his previous failed forward guidance and they many many things he said !

"All that said I don’t think a bod shake up will help the SP."

I understand why you would say that as you would think its all against fundamentals, but there is so much lack of trust now with CB - after all those failed predictions and timescales, what is holding back the sp is lack of belief in CB to deliver.

There is a lot to like here re 1m + contained copper in a very good jurisdiction , Manica income for over 2 years and the lottery of drilling in a in zambia.

I think without the legacy issue the sp would be nearer 2p than 1p

And those legacy issues are all associated with CB

If you're not one of the 12 disciples, may be you're really the messiah?? :)

https://youtu.be/5kbo8pUDcHQ

Howezap

I've no idea if you are working for the company in some PR way , either directly or indirectly, but if you're not - you bloody well should be :)

"The more informed will see the value being created"

Subtle but very significant error is the missing word "Potential"

Yes POC could hit $12K+ and stay there and we could find something in Zambia, but that's not creating value its hoping we get lucky (which may or may not happen)

After CB's many other failed bets it's not surprising many are not jumping in taking this next bet without seeing more evidence.

Those that are highlighting the "Going Concern" statement as a big worry are either:

1. New to investing as this is a standard legal comment which has to be made

or

2. Deliberately trying to mislead and cause fear and worry to try and get the sp down

There are no surprises in these results to anyone who has been paying attention.

Is this a leak? Or just many thinking its been oversold?

Should know tomorrow but if its good news on funding then back to the teens

AIMHO

"My one hope here is that Colin has a plan"

CB does have a plan. A 2 fold and 2 year plan

1. Keep using the manica money to start (and keep) drilling on different licences in Zambia and hope we get lucky

2. Hope the copper price goes above $12K and stays there so we get a buyer for bushranger

we should know in about 2 years if CB (and us) got lucky

His lack of DD is his biggest weakness imho

Cavalier approach with a "lets take a punt on this and see if we get lucky"

Why not? Its not his money he's betting with !

He wants to go out with a big success and getting the kudos from his peers. Problem for SH is he will start to take more high risks with the manica money in the last 2 years that are left

"I remember Mr Colin Bird buying decently north of 100k gbp worth of shares in the 5 to 6 p range - happy to stand corrected on exact figures?- here in the middle of his Bush Ranger hype. So I have a feeling he genuinely believed;"

It was nearer £250K in two separate batches - 5p and 3p i think

So it could be argued he was not saying things he did not believe to be true. The charge of deliberately misleading SH could be challenged and that he was only saying what he honestly believed to be true at the time (hence the big buys)

However, what that means is he didnt understand the situation himself and was more of a naïve fool than a charlatan.

As he is the defacto CEO, I'm not sure which is worse !

(Not surprising he gets taken for a ride by so many other partners, moz gold etc etc etc . He believes what he wants to believe is true)

The 17% drop looks bad but some perspective.

Slightly more buys than sells - 50/50 at worst

Just 1% of shares traded and circa 0.5% sold.

When we see massive volumes of sells I will see that as a more telling sign of imminent bad news.

No idea which side the coin will land but the coin is still spinning in the air at the moment .

AIMHO