Member Info for Benhowell459

Last but not least, because your comment was so illogical it annoyed me.

"It improperly shifts the burden of proof, asserting that a lack of evidence for one side validates the other. This fallacy is invalid because "absence of evidence is not evidence of absence.”

Unfortunately for you Colin, ahem JD, your ridiculous argument falls down due to the fact it is not for me to prove anything. It is for YOU aka Colin and the Board to PROVE to US what they've done. The burden of proof is on YOU. That's what RNSs are for. And 10 weeks without any is ridiculous and 16 weeks (give or take) without confirmation of completed actions shows you don't have any proof.

The market, IE. Investors don't believe Colin. We're all disgruntled. You still haven't answered why you think you're the only one who's positive?

And if you think I'm repeating my argument, you're right. Because you haven't given us an RNS. Do that and we'll shut up.

Have a good weekend everyone apart from JD who's obviously smoking something to be so positive...

You still haven't answered why there was no news on ANY of the projects in ALL of December or January.

You can dispute October and November but you can't avoid the lack of news for 10 weeks.

I'll keep asking until you give me an answer.

I completely forgot to comment on this:

"My optimism stems from XTR achieving what they have communicated they will do over the past few years."

Utterly deluded. You also conveniently ignored (unless I missed it) my request to comment on them delivering at

Eureka

Kakuyu

Kalengwa

If you manage to spin that one into a positive, you should probably get in touch with Starmer. You'd do a much better job at his PR.

If you can't answer that one or choose not to, great. We could all do without your unjustified (see above) optimism for a few days.

And we're not negative. It's called realism.

"you just keep trying to assert that the company cannot possibly have achieved anything because it has not yet been reported on."

JD - you're boring and seemingly ignorant. This is exactly what the market depends on. Reported news of progres. Yawn.

Company comms from an FCA regulated news source

What Comms?

You conveniently ignored my question re anything happening with Xtract in December and January.

November 13th was a forward look with NO evidence of completed actions and you cannot prove otherwise.

So no evidence of completed actions via RNS since September.

I don't like to be so (c)rude but your lack of ability to understand this does infer a few things..

"I’d prefer for my financial decision making to be guided by regulated news '

Well where is it then JD?! You really are either Colin or the village idiot. This is EXACTLY what we've been talking about.

Can you explain why there have been no RNSs since 13th November? If you are Colin....did you take December and February off?

I have no reason not to believe latest statements about “next steps”.

Eureka

Kalengwa

Kakuyu

BR (10p, now dormant)

Would love your views on past RNSs quoting next steps on the above. You dig out more RNSs than Colin does land.

Would also love a comment on why you can't see that THE WHOLE of this board are frustrated, apart from you and zap. You're on your own. It's just you.

G:

JD acknowledges that a WHOLE quarter without announcing COMPLETED activity is not acceptable.

To confirm:

"Is aimed at..."

"Plans to..."

"Funding is so that...."

"The Board expects that..."

"To continue to develop..."

Gives NO indication of actions completed!

"clearly on the cusp of production."

LOL. We were on the cusp of production at Manica for several years.

If we had a progress update on how far we have actually got down that road, I might agree with you.

However, beyond assigning funds to production, can you please provide details via RNS of any progress that Xtract has made of going into production?

When I say progress, I obviously mean tangible, material actions that have been COMPLETED.

I wait,....with baited breath.

Agree Jez. I'm about 80% down now having averaged down a couple of weeks back at 0.64. I would probably take 2.5p though just to get out of here and never invest in Colin's part time hobbies ever again. The man's an absolute time waster.

My main point beyond the usual moan.

I do find it frustrating when occasionally we are told that we have had news, PR and information to go on (specifically the Charles Archer piece) and that this should appease us all when almost with the same breath we are chastised for believing at face value Colin's forward looking statements in 2021 and 22. Ooh it's a big 'un Zac. I wouldn't take 10p. We'll put a bow on it. The tonnage won't be a problem. We have 2 million tonnes.

Most frustrating.

Like you, I'll cling on here and see what happens. To sell up would mean admitting I'm wrong about the supply side of copper and the demand from electrification etc. which I don't think is wrong.

It would be typical Colin to pull one out the bag just after I sell up. As NtM often says, he's a deal maker. Some are sh**e, and one has seen the big bucks. I'm very intrigued by antimony and the developing picture around critical metals and supply from China shrinking etc. The ONLY issue once again is and apologies for sounding like a broken record.

We need to actually progress it.

I'll get my coat (and hard hat for the incoming barrage of defensive RNS quotes).

Hope everyone enjoying the weekend. ATB.

Not much happening today. It is friday after all and we all know CB only works Tuesday mornings.

Have a good weekend all.

NtM, shall I beat you to the "I wouldn't to be..." Post?

(Problem is - I'm not sure CB has any interest in updating progress any time soon with forecasts as clear as "sometime in 2026". We're not even getting a H1 of H2 forward look.)

Please don't bite - I'm not going to check until 7:01am on Monday morning.

Take care all and enjoy the weekend.

Jez, not sure Trump is involved in that?

He is involved in this though...(So makes it unlikely he's funding them)

https://www.bbc.co.uk/news/articles/c2e11m2w2meo

I don't think the current gold price should or will be used by any miners. It's bound to fall at some point. There's absolutely no way it stays above 4,500 per ounce.

The bibemi study used 3200. I think 3500 could be used but anything above 4000 just risks being too optimistic going forward.

It's always better being cautious and still feasible than overly optimistic and then your study is redundant.

The biggest issue we have imo, on top of the mining licence (which will come at some point) is proving:

- Cameroon has the infrastructure to mine

- they have the skills and expertise to be able to build and maintain a mine

- the supply chain and support infrastructure is in place.

Remember this is not a country with any mining infrastructure so it will have to be build and supported from scratch. Yes. We need permission and that's important but it doesn't mean diddly squat without being able to prove the country can mine.

The BoD call it first mover advantage - yes, we get the best licences.

But in many fields it's also first move disadvantage. We have to prove the resource plus prove the country has a potential mining industry!

I'm very hopeful but there's still a long way to go.

All the very best Ggecko87 - this board is obviously rooting for you. Keep us posted!

Good lord. I could say I'm going to continue with my bid for world domination - it doesn't say how close I am or what I've actually done to achieve it, does it?!

If BBC news was just half an hour of things that might happen in 2026, I think the viewers would get frustrated.

For the last time: "in order to enable us to continue to develop our mine.."

And

"whilst continuing with exploration on the general licence area."

DO NOT TELL US WHAT XTRACT HAS ACTUALLY DONE.

I think I'll leave it there for the day - it's like arguing with a 5 year old who's just learned the comeback 'I know you are but what am I?"

Hope everyone else enjoying their Thursdays. Will pop back tomorrow if news (I doubt it)

Next steps is not an operational update summarising work completed. Please accept this basic fact.

No it doesn't JD. It wasn't an operational update stating progress.

"in order to enable us to continue to develop our mine.."

Tells us nothing about what they've done.

"whilst continuing with exploration on the general licence area."

Can you infer from this what they've done over and above that reported on the 29th September?

Please stop referring to the November RNS as news. It didn't tell us anything about progress and work COMPLETED.

I appreciate your enthusiasm but the above is absolutely crucial. It is over 100 days, i.e more than a QUARTER since they updated us on COMPLETED work. Please stop being obtuse on this point. It's quite simple.

I think I break even around 50p, which is probably quite similar for those that got caught at higher levels but have averaged down somewhat.

50p is only 1p old money which is pathetic given the duration of the journey.

£1 is a 5 bagger from here. It wouldn't be ideal but I would accept it this year. Doubling your money after 7 years when things could have gone belly up is not the worst outcome.

The potential, as many have said is for £2-3 but I genuinely don't think the BoD have the business acumen to get there.

Still can't believe they thought spending thousands to do a consolidation would make us more appealing. Great scientists but amateur businessmen. Need parker to step up in 2026 and get a deal over the line. 2025 was not good on that front...

JD - there hasn't been a progress update in almost 4 months.

Your RNSs are all old! The one quoted in November for the 2million quid raise was a forward looking statement, i.e. it said NOTHING about what Xtract had actually done.

Therefore the last actual update of PROGRESS and work COMPLETED dates back to September.

Fact.

JD:

"The board expects...."

I have long learned never to trust anything Colin says on timelines. Manica took years longer than expected. Do you genuinely believe Colin's forward looking statement?

Some time in 2026 is also not much of a commitment to a timeline now is it?

You seem think brandishing some wishy washy vague comment from Colin confirms we're all idiots.

This is the same guy who said he'd tell Anglo to do one if they offered 10p.

Furthermore, that RNS gave zero indication of a timeline for antimony, only SK. It didn't even state if the application for mine construction has been submitted.

"Ok, I will carry on posting verifiable information, links and RNS exerts that pertain to active discussions going on on this bb.."

JDAU - you seem a sensible person. But your argument falls down when your posts require OLD news and fail to acknowledge we have had NONE on the past 4 months.

All of your news is not new. Xtract is NOT progressing it's assets. And you can't prove they are, because Xtract is not releasing RNSs and hasn't done in months. Fact.

Please explain why we aren't providing news. If we were progressing our assets, we'd all be a lot happier here. That's the be all and end all

Apologies - LSE cutting half my message off on my phone.

The gist is, he's either under NDA negotiating a buy out or he's distracted by something shiny elsewhere. I know which one I'd bet on.

Why would a mid tier want to buy us - a company whose due diligence is so had we invest in a publicly disputed licence...