Member Info for captainbob

My understanding was plan was for us to buy the new plant, (counted a chicken before it hatched) to increase the 23% share to 50%(?), or something like that. So if 50/50 would expect 30% plus, but as ever we won't truly know mechanics till all is finally outlibed via RNS.

A sell off, based, on what? There are obviously a few disgruntled LTH on this board, maybe they should sell up and go elsewhere, not saying I am thrilled with where we find the SP, look at what the expendature was for 2022, see what will be repeated this year, and consider probability that we really are generating income of close to half the current MCap going forward. I tend to agree with HZ and will be adding at these levels as funds permit. History is history, cash flow from Manica is finally flowing...

Truly hope AGM can be this month...

NG, think that was plan, using money from BR sale....

NB, the below musing, is based on Colins statement, where he says:

"At this stage we have minimal intention to continue the Eureka Project and the Company has therefore impaired all costs relating to the project."

LW 13:25 Ref Dani.

My thoughts ref Eureka, all would be gushing, had we the money in bank from sale of BR, but as we don't, (yet), better an imparment for 2022, to set against taxes, than raise un-necessarily, considering cash levels declared.

I note this remark too, as it could very well be applied to Eureka, once BR and it's 1.3 MT CUEQ, is finally sold?

"Where an impairment loss subsequently reverses, the carrying amount of the asset (cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately, unless the relevant asset is carried at a revalue amount, in which case the reversal of the impairment loss is treated as a revaluation increase.".

ie, Eureka need not necessarily be dead and buried, it is for now, at least impared, might be useful in shorter term to set against group taxes for 2023?

Kakura on the other hand appears self sustaining, or within projected Fairbride income going forward, which April to Oct (at least) will be based on our share of operating profits from 65kg, or more of production.

Just my musings, I may be completely wrong?

What copper price basis?

"Sixteen economic pit shells were modelled from an operating cost perspective which highlighted that the 20Mt pa and 25Mtpa open pit options potentially generate significant operating cash margins dependent upon mining rate, copper price and cut-offgrade."

Craig, had a shoulder op last year and is doing well, just bought back in to XTR, regrets his WSBN play.

And yep I still have arund 0.7% of XTR, CE seems to have gone very quiet.

Colin once said, "no news is good news", maybe a straw we can cling to with vacuum of late?

2 months, not a word from XTR, this is only second long period of silence (the other 76 day vacuum over new year 2018 / 2019) since I have been in XTR. Hoping to goodness Colins historical statement, no news is good news can remain valid.

On price movement lately, we really do need news.

I really hope AGM will be during my present leave, any time in June would be good, had to miss last year as was at sea when held.

I predict price will jump again shortly

10p plus Bushranger sale

Have to say, the hard rock production in ramp up, through rainy season, bodes extremely well going forward,

Lowest daily volume in a long time......

Eureka remains an enigma, no mention for ages, so far not heard anything to suggest it will not be progressed.

I got impression at AGM in 2021, that around 3m worth of equipment was required to progress the Kalengwa project, and that XTR were not therefore going to progress the project due to "uncertainties", and fact they had never intended to put that sort of cash up front.

2 possibly 4 sq km, and what grades, that is the real question at the moment, fact 250 tons delivered for processing suggests something IS actually happening. Cannot grumble, this sort of project is the companies, stated, way to go, some will prove better than others.

This is good news in my book.

Looks like there are several who are scared the price may go up too soon?