Member Info for BizzyLizzy

But are you investing in the crypto ‘coin’ or the company that owns the IP/ blockchain technology. That’s two very different things. A currency cannot work if it can appreciate or depreciate 40% in a day. The worlds financial transactions cannot be made in something so volatile.

Well crypto is just a very very risky commodity. No way should it be a Sipp investment. It can go down 30-40%too. The very fact it can and does shows it’s not advisable as a pension investment unless you are very careful with your overall investment strategy. Way too risky for most people. But sounds like you have done well. Good luck going forward

That was a thumbs up not two question marks. Emojis obviously don’t work properly here

Well said ??

But why is it going up? Volume is tiny. What games are MMs playing?

Yeah, as if chart analysis has any relevance for this share ??

3% up, as are US equities all on the back of better US inflation data

What you still here posting for then?

Oh you mean on a totally meaningless basis

Not that sad then, unless you decide to sell, and great if you want to top up!

yesterday somebody wrongly said….

To be fully fair to Colin he was asked by Kevin what would happen if he sold his shares and then trashed the company. He replied he would expect a knock at the door. Well that’s correct as he is the CEO, Steve isn’t so can say pretty much what he wants, assuming he has no insider info etc. It was a rather silly question from Kevin really….

I am effectively saying the same thing Joeman. It indirectly affects the valuation yes. It’s when people assume perspective investors will look at Manica income and automatically add that to the SP bottom line, as if dividends have been announced. Of course the Manica cash flows have ‘value’ but not SP value if it’s all wasted on exploring new ground that turns out to be dud. So IMHO there are some rather bullish statements that imply Manica income provides a rock solid iron plated baseline SP of somewhere between 2 and 5p. Definitely doesn’t.

I’ve said it before, Manica does not DIRECTLY support the XTR share price! As a shareholder how do I get cash from Manica? Dividend? not likely, perhaps I can assign a small probability %age to that. Sale of our interest in Manica? Highly unlikely. How will the Manica proceeds be used? Probably to continue to pay for existing salaries, possible new drilling campaign in Bushranger or purchase of new assets in Africa. So it can INDIRECTLY help the SP but you then have to assess where the money will be spent and how successful that expenditure will be in delivering actual cash flows back to the shareholder. You can’t just take Manica revenues and convert it directly into XTR share price…

Thanks Lucky

And smartypants cryptic posters?

love how f a g has been replaced with *** ??

OK, complete back of *** packet numbers but how about just look at the RC open pit numbers, nothing else? The open pit part of RC appears to have approx 0.5MT of copper within 192MT of ore. The revenue is $4Bn at current prices, I have seen a Capex estimate of $1Bn for the whole capex including any required for the deeper mining after the open pit phase. So open pit capex must be less, surely? Then I have also seen quoted on LSE a processing opex figure of $10/ton of ore, so that is approx. another $2Bn of cost. Does that mean there is $1Bn plus profit potential in the open pit? Are there other costs missing here? Ok NPV will be say half that and any buyer would only pay for say a 3rd of the NPV. But that would still be significant dollars and many multiples above current SP. If you bundle in all licences with the sale giving potential big upside to a buyer, then seems like a decent chance of getting this over the line. Totally unsure on the opex cost per ton figure. Just what I have seen here. Anybody have a view on that. Obviously this will all be guess work until we see the RC model and open pit study

For my understanding, if we decided not to DTM, and we don’t have 2Mt then buy back option is not triggered, so what stops us from then talking to other potential buyers? I presume nothing, yes? Or are we somehow then trapped legally. Can’t believe that’s true. In which case AA certainly don’t hold all the cards…..

Apparently Alistair Ford survived re-election vote 53% to 47%