Member Info for BizzyLizzy

Wonder whether the agreement with AA has a ‘change of ownership’ clause. Such a clause might potentially mean a new owner of AA would no longer have an option over BR…… have seen such clauses many times and which are used so that a company retains control over who its prospective partners are. Granted, more usual in a joint venture situation, but anyway just a thought.

The gang of little boys in the playground. Loud but boring and pointless

Bob, companies are almost universally valued on the basis of future cash flows. So it’s not that XTR has not produced any copper that is the issue, it’s the fact that investors still don’t believe (or there is enough uncertainty) that XTR will produce copper at any time in the nearish future. So as long as that belief holds yes your statement is correct, current copper price is pretty meaningless. However the point is that as (if) copper prices rise then the likelihood rises of XTR, or a future owner, producing copper as the mine becomes economic, and so the estimate of future cash flows increases and hence so does the company valuation. Normally that would translate into an SP increase too.

I see the babies are throwing their toys out of the pram again… yawn, broken record, do your own research, own your own decisions.

Jezoo, we owe the money to the people/institutions/funds that buy the government bonds (gilts) we issue every month or so. The IMF gets its month from the member states who contribute according to their relative GDP size. I presume if it needs more money they call on the member states to contribute more on a proportionate basis.

I agree the concept of debt when it gets so large starts to become rather strange. But one thing is for sure IMHO, if countries collectively decided for a reset then that is the last pages of book of revelations. We may come out of all that after a couple of decades with clean balance sheets but probably living in caves again.

OMG. This place has become worse than ADVN. I’m off. Ma you are stupid and you lie. No point in this chat board with you on it. Your world views and those of the likes of Little Wing render anything you write about XTR to be less than useless, because they just lack ANY credibility. Good luck with curing all those cancer patients with weed as you claim, but hope you don’t suffer any more of the mind blowing my bad luck of 6!!! of your daughte’s friends all dying within 12 days of their first jab!!! Sure, yeah, totally believable.

Goodbye

“there never was a virus. youve been watching too much telievision🙄🙄🙄

or go into the funeral of my 59 year old brother who died after 17 days on a ventilator? knew you were a little kooky but not bat **** crazy

Stopped reading after “Covid scam starts” 😂😂😂

Ma. Don’t normally talk about my skill set but just feel need to tell you I lectured at Insead and other business schools on corporate finance, business valuation, M&A strategy and process and other related topics. Worked in M&A for major oil company for 15 years. I can see that you do a good job at analysing published data filling in the gaps, and encouraging others to add their expertise to try to advance interesting topics, which does add good value to these boards. But your subsequent proclamations on share price, future value, likely stock market movements etc etc are just incoherent and illogical. That’s fine but you insist on repeating the same nonsense over and over and whenever people point out any of this you just double down and carry on. Your prerogative of course, but it’s not a surprise you get the reactions you do….. Anyway rant over. Won’t engage again

Ma, I understand your argument, and agree with BR part. Yes a sale of BR would generate some sort of payout to shareholders. But all the other income will not. Instead you should just think of it as a funding source that the company will use to keep operating and maybe purchase another BR at some point. If that happens and drilling results, or whatever, look promising then we may have another potential sale and another dividend payout. But if not, share price will just stay very low. Only other possible way for SP to grow in a sustainable way is if XTR gradually develops into an operator, rather than an explorer. Highly unlikely in my view and it would be a long term thing (10 years or so). So little meaningful sustainable sp growth post a BR sale. Always short term trading opportunities though if that is your game (i.e. chart based investing)

Howezap it’s this but I disagree with

“Oh gosh whats our MCAP £15m.

Now if you dont take advantage of Mr Markets ignorance and BUY the AR** off XTR tomorrow AM then I give up“

If there wasn’t this cash in the business then share price would be ever lower than it is as BR would have lower likelihood of ever delivering cash to shareholders. The cash is already built into investors assessment of likely cash returns (being potential BR sale value multiplied by probability of that happening, and the cash XTR has is factored into the average investors assessment).

That’s just the reality. Talk of SP based on African cash is just non-sensical on its own…No (or at least very weak) basis for investment decision

Ma, you rationale for buying XTR is just basically flawed. The cash you refer to, and indeed any other cash from similar earning streams in the near future will not be paid out to shareholders. So no direct value there for equity ownership. The market cap is instead just, effectively, the average expectation of a future significant payout as a result of BR sale. So for example, investors believe BR could be sold for somewhere between £100m and, say, £300m and apply a probability of that happening of somewhere between 3% and 10%. The low probability is based on lack of news, missed deadlines, lower than expected reported copper tonnage, etc etc. Cash from African business only helps by giving comfort that the company can continue drilling in Australia, without dilution or enabling a similar jackpot result from another speculative purchase by Colin. That’s it. So yes RNS confirming good gold results and prospects can move the share price a little but only due to it improving the prospects for BR or a similar divestment. I wager you will not get cash from the business in any other way in the next 5-10 years.

Jezzoo, whole point is you are not misled, except by your own naivety. And you just keep repeating this same drivel again and again. But your too blind to see this so I won’t waste any more time on it

Yes hold shares LW and approx 70% under water 😢 But don’t winge about being misled. Have absolutely nothing to do with XTR management. Never met or spoken to anybody in the company. Interesting Gixxer you think Colin has full knowledge of what gold, copper lies under the ground. Has he got magical powers or something? Why would anyone drill if you just knew what was under the ground?

So funny to see how you react Gixxer when someone challenges your conspiracy theories….. I must be working for Colin…. No just someone who gets tired of the absolute utter crap you and the others peddle

Me thinks the truth hurts Fosters?

All the moaners here KNOW that Colin doesn’t KNOW what is under the ground, only the results of a few dozen tiny drills into the earth, within an extraordinarily large volume of earth. So All comments made by him are underpinned by that very basic fact. His comments are based on the drill results, other geo data, and his experience within the world of mining inc drilling campaigns gained over x number of years. You know this and so obviously take it into account in any investment decisions you make.

The blaming of him in some of the recent posts below is just funny, I’m sorry. Just take ownership of your own investment decisions. Stop bleating ffs

Was referencing Ma Bakers last wonderful post.

“Ok now i talk in code “

Wish I had something to sniff to take the pain away….

Oh god, not The Code 🧟‍♂️😫 Please anything but The Code

Of course you have

‘As for POC tankng by 20%. Thats exactly why the majors do their calcs, before a buyout offer, at discount to current POC. Cadia new resource used $7700 POC in their calcs when POC was much higher’

My point is that delaying release of a PFS or whatever on the basis of the POC means that we could have to wait for 12 months, 24 months, who knows? After all the current POC is historically high. This is not a sensible strategy. Can’t believe this is what Colin is up to or planning

I simply can’t believe strategy going forward is based on hope POC plays ball. What if it tanks by 20%? Surely everyone in the industry knows the long term prospects for copper are good/amazing, any negotiators should easily be able to quickly agree a reasonable price set to base their discussions on. Anyway the model will surely already have that price set included which will form the basis of negotiation. If the model release is delayed, then any necessary drilling programme is also delayed. That would be plain stupid IMO