Member Info for Andrew4444

£5K buy gone through but MMs then put through a sell at 1p for 68 shares!

So now down 2.2% even though 490K buys v 68 sells

Hmmm?

Btw MM's will still happy to take 1.6M shares from me !

Long interview just on Xtract.

I wonder if this is the start of a PR campaign to boost SP? Maybe Q2 results soon with a commentary on indications of Q3 results??

Quote by CB

" I feel blessed for our Shareholders, I really do "

:)

Https://audioboom.com/posts/8384611-sunday-roast-featuring-colin-bird-executive-chairman-of-xtract-resources-and-shaun-day-ceo-of-g

Xtract from 11 mins

(In short, CB says future for Xtract is all looking great !)

The future looks good, but I guess the question is how long do we have to wait ? :)

https://www.mining.com/web/us-steps-up-efforts-to-access-africas-critical-minerals/

https://www.reuters.com/markets/deals/miners-seek-partners-copper-assets-ma-heats-up-2023-10-11/

I'm expecting poc to be $12K + in 2 years and by then interest rates will be lower than now

However, the sale value will be nothing like CB implied and will take a lot longer.

"Just wish you would ‘more’ concentrate your ‘valuable’ input in a positive way."

I think being honest and balanced is a valuable input. Much better than continuously taking a positive spin on everything or a negative spin on everything.

But I appreciate that approach may not fit with many agendas here :)

" it doesn’t mean to say that BR hasn’t lived up, more in line to management realistic expectations"

I don't know what you mean by "realistic management expectations" or how you define them as the only expectations anyone can go by is what the management say imho.

Such as:,

We know we have the grades - not worried about the grades

If they offered me 10p I'll tell them to keep it

Tier 1 project

We were biting our nails re the 2mt but now we've discovered ascot there's' no need to do that

This wont be a death by a thousand lashes (re sale)

etc

if all the above were not realistic / honest, CB should not have said them

For the record I have not written off BR as I think it will be monetised when POC much higher but nothing like the value CB previously said or his time scales

AIMHO

HZ

I have not been more critical of CB recently. Critical yes but not more so then usual. My view has been very consistent re CB over last 12 months . It did change after the real situation became apparent.

I would much rather the SP went up from these levels than went below 1p !

My bet is it is more likely to be higher in a few months than lower - hence the small top up.

2 mins before fosters post a £1K buy went in.

I suspect Fosters post could have been the result of his £1K buy??? :)

I also had a similar top up today. I will do so again if ASK falls below 1p

MMs would take 1.6M shares today so they seem happy to keep taking our shares. That has not happened for a long time..

"Andrew4444 Said I was a weak holder for selling"

I didnt say anything of the sort. Re your decision to sell - I said what is below on 30 July

You've always been a decent poster, and I respect your decision to do whatever you want.

Please don't start making things up .

>>>>>>>>>>>>>>>>>>>>>>>>>>>>

30 July

Lucky

I'm sure BTTS is Gwyn on TG.

You did not tell anyone to sell.

You gave your own interpterion of what you heard and stated your views.

Up to everyone to make their own minds up and be responsible for their own decisions.

I think that shows how much damage CB has done to sentiment and how all trust has gone with him.

Replace CB with another CEO who has no historical baggage and the fundamentals here should see this rise substantially.

Andy

I agree that we have a very good idea of what the H1 production figures are but the two questions I am not sure about is:

1. how much of Q2's gold production has been sold and converted into revenue?

2. How much of that Q2 revenue has been reported in H1?

Until we get that broken down in Q2 results we dont know

I agree that Q3 results are looking good.

Whatever the final profit figures are, we are now finally making a profit at GROUP level and not just the alluvial / gold production side. Which was always been profitable in isolation of total company costs when G and A was not included.

The irony is that now that we are profitable as a company, the MC is at its lowest for years and even lower than when we were a loss making company at group level!

Most Aim companies are loss making so there can't be many Aim companies that are making a profit at group level with an MC of £10M.

But I guess that's the negative CB factor at work here :)

My take on all / or some Q2 figures being incorporated in H1 is the same as HZ view

If all production has been incorporated in H1 then there can't be any projections as all the production figures must have been known. The fact that the word "projections" was used in the RNS shows that ALL the productions figures have not been incorporated.

The problem is we don't know how much of Q2 production was incorporated ie most of it , a bit or none of it. We also don't know how much Gold is unsold from production in Q2.

Q2 figures may all be very disappointing, or ok or fantastic, but until we get the unequivocal Q2 figures with amount of unsold Gold stated etc we can't make a judgment call on Q2 IMHO

But it does appear IMHO we have not had the FULL Q2 figures incorporated in H1 due to this statement....

"with PROJECTED figures for this second quarter on target."

Well, that's my take any way :)

VB

Yet again another deliberate mischaracterisation of what I actually said.

You conveniently, again, missed out my main point. AS I clearly stated, at the time, my prediction was based on Q2 income results being as I predicted..

We havnt had Q2 results. And when we do they may or may not be as I thought they would be.

Looking at your snidey comments and posting history, not just on this share, you really are a nasty piece of work.

Filtered

And why wouldnt you flip.

Her calcs, assumptions and analysis seems very robust and logical

It's not as if she typing random words and hoping they may, with a bit of luck, make a coherent sentence :)

Is now same value as the price we paid for Manica ($12.5m) BEFORE there was one ounce of Gold being mined so zero profit and when POG was substantially less than now.

And MC is just 70% of sale price that was agreed for it, again with zero profit and no mine built (although we didnt sell)

After what has happened its understandable sp has fallen sharply (rightly so) but negative sentiment has now taken hold and there is a massive mismatch between fundamentals and valuation IMHO.

That will correct its self , but not to sure when?

Maybe 5 mins after CB retires !

I honestly believe CB's legacy and previous misdirection is now holding SP back.

https://www.lse.co.uk/rns/XTR/disposal-of-manica-gold-project-for-us175m-e2l0lbeow2nube4.html

Without trying to be morbid, he's 80 next month so his life expectancy cant be much more than 4 or 5 years. His health and ability to do the job will be shorter, so I can't see him being able to continue for more than say 3 years?

He talks as if hes 50 re future timescales ie talking about the situation in say 2027 . Will he be around then !?

It does strike me he is trying to quickly buy as many lottery tickets as possible so he can leave this game with a bang and leave a legacy and reputation.

To be fair, I think he has already secured his legacy and reputation - just not in the way he would have wanted :)

Andy

Thanks for your thoughts. Not a million miles away from my calcs

I think 2000oz a month and $900 oz profit is more likely

so

So share of profit = 23% x $900 x 2000oz = c$414k = £340K (x 0.82).

So not that different. £340k to £400K a month should be the area ??

Last 2 quarter updates were released 9th and 6th 3 months after the period ended.

Maybe we will get Q2 between 6 and 9th of October?? ie next week or a week on Monday??