Member Info for CaveatEmptor

P.S.

Good decision on HUM.

Hello NtM,

Bit of a rash choice IMO, but, with further investigation I have decided that your latest choice may have merit after all...

So I have decided to cash in a few of my comatose shares and bring them to the party. Let's hope you are right. If you are then I owe you a beer or two. Chin-chin!

Hello NtM.

Good joke!

With an operating loss of $5M per year, $41M of debt, $9M of financing costs and an overall loss of $13M last year, gold reserves similar to XTR ( when you include Zambia) -HUM is definitely way over-valued at £87M - Watch out for considerable dilution there in the near future and a reversion to true value of around £50M...

But a nice try :-)

Want another go?

LW...pure genius :-)

POG is certainly going crazy at the moment ($1,534 as I type)

Of course this bodes very well for any company with existing gold production, particularly if it is a company that was undervalued in the first place and is on the cusp of additional significant gold revenue.

But where would you find a company like that?

Hello Andrew,

Well, there is your answer - two big sells from Friday and yesterday.

I should think, looking at the size of them, that they are placing share trades,

Although just why anybody would risk their capital to take part in a placing to end up making a negligible profit, I doubt I will ever understand? (The 1m trade will just about have broken even and the 2M trade will have made about 2% profit, after broker's fees).

I guess the sells could have been by retail investors, but they do seem a bit large for that, and why sell now when far higher prices are likely to be achieved over the next few weeks?

Not sure I will ever understand AIM...perhaps that is half the fun?

ATB

"Busy...very busy, Justin, but I think we're on the right track."

A lovely bit of understatement there by CB, given the information he shared earlier in the podcast.

Drilling to start in Zambia within the next six weeks and all three concessions to be drilled back-to-back.
So first drill should coincide with first income from copper dumps and be closely followed by first gravity hard rock gold production, meanwhile those alluvials keep ticking over in the background with gold price on a rally.

"Busy...very busy, Justin, but I think we're on the right track"

LOL.

In which case it seems that OaW has done just as much research as you have?

I have no problem with people expressing their point of view, but it does help the argument if at least the basics are accurate.

ATB

TSP, the fact that you think that Xtract Resources has a CEO says it all about your research and "knowledge" about how the company is run. If there is a CEO, what is his/her name?

Carry on with your rant if it makes you feel better, but don't think that anybody that knows anything about this company will be swayed by it.

If you really do have a gripe, why not have a chat about it with the CEO? LOL.

Sad, really.

POG just broke $1,500 - now that is something i did not expect! - Should be little resistance before $1,550 now...

So back up to placing price now, come on CB let us have some more good news to help restore the confidence that we all had only a week or so ago.

A small tick up on low number of trades. It won't take much to move the SP at the moment...

So POG broke $1,470 today - at this rate it will be well over $1,500 by the time we get first income from the 'ard rock...

MMP has undertaken to commence construction of the CIL plant and to provide Xtract with a schedule of purchases and an activity chart indicating initial production and a target date for commercial production of no later than July 1, 2020, Xtract said. Commercial production is defined in the agreement as the installation of a processing plant with throughput capacity of not less than 29,000 t/mth (being 70% of the planned 42,000 t/mth throughput).
_ so it shouldn't be too difficult for XTR to determine whether or not the order for the CIL plant has been placed...

With the POG breaking $1,460 today it must make the medium term view of XTR a lot brighter than when it was languishing around $1,250.
True, the effect of alluvial income on the SP in the short term is likely to be muted, but it certainly bodes well for when hard rock income starts to flow as figures will then be far more significant than they are at present.

It would be good to get a detailed update on how preparation in Manica is progressing. An order was reportedly placed for the CIL processing equipment at the date of the last agreement, so they should have a good idea by now of when it is due to be delivered?

Hello NtM,

I wouldn't say that .

At least SIno II haven't walked off site, so they must think there is something to hang around for. So that must rate a 'gold star' for perseverance, if nothing else.

And over 14kg of production in July is almost getting up to the level of a well deserved 'mediocre' rating IMHO, so lets have less of this 'disappointing' nonsense . LOL

Much as we expected for Q2 with an upturn recorded in July so looks like the alluvials will continue to tick over whilst covering Manica costs.

Now all we need is a detailed breakdown of the shareholder value CB intends to create out of the $1M he has in his back pocket. Maybe then we can start to get excited again?

Early trading would seem to indicate that CB has done much to reassure the market, but had he done enough to see the SP back above the placing level? Perhaps, we will see as the day unfolds...

OK, so have now had a chance to listen.

Sounds to me like CB is trying to become a major partner to KPZ - 2 deals with XTR and more with his other companies. I guess that the plan is to share out the projects so that no single company needs to invest too much, but if CB can control a significant portion of the KPZ licences then he will be just as important to them as they are to him. That way neither one is likely to let the other one down...
Definitely looks like due diligence has been completed and that at least some copper income is expected in the near future. 9nly a small reference to the alluvial production, but at least it was in a positive light.

Other than that there was nothing that we did not already know and I agree with Andrew, the main point was probably to put us straight wrt KPZ and their assets.

It would still be good to get a positive official update this week. For me that would be that Sino II are still on site and wading through the alluvials. Just so long as we are still washing our face in Manica I will be happy- at least for the moment...

Many thanks, Andrew
- Although I never gave those rumours any credence , it is probably a good idea to have put an end to any niggling doubts out there in the market place. So can only be a good thing?

Lack of any mention of Q2 results may not bode well for the content of the RNS when it does eventually arrive, but to be fair, CB has been playing down the reliability of alluvial income for several months now so i think that the bar is already pretty low for that one.

It wouldn't hurt to sweeten the alluvial results with a positive update on other projects including the hard rock plays, as they are now the reason that many of us are still invested here.