Member Info for CaveatEmptor

to sell, if anybody wants to take the risk...

Good to hear we have over a million dollars in the bank in addition to making over $200,000 from the Moz operation and supplying the 400k k loan to MOZ out of cash flow. Also about 3.5kg of gold in hand and Sino chomping at the bit to expand along the river bank. That would mean another two excavators would be needed to keep two processing plants going at full tilt. So no need for any dilution any time soon and CIB steadily building. Steady as she goes, cap'n...

BMB, What if it costs more to move and refurbish/realine

Hello All, That 1M share trade was me buying in for the first time here. Have done some research and now consider this to be one of the best prospects in AIM. If only they can get the management right.

Hello All Sorry to take so long to report back on yesterday's show but wrote a long account yesterday evening and ended up losing the whole thing when I inadvertidly clicked on an advertient. So here is the short version. Nexus only gets a cut of the alluvial income and this is too much as it is. Watch this space for a better deal being negotiated! Qtr 1 results being published next week and will be an improvement on the last qtr. CB going to meet with world-class contractor at the end of April to finalise negotiations on FB development. Omnia to start hard rock production in Q3. Brilliant new RNS due imminently- within the next 2-6 weeks. Looking at increasing assets by up to $5M in next 2 months. American partnership on the cards. Don't expect everything to happen tomorrow, but steady progress and growth over the next two quarters. 2018 will be a company-making year. Happy to answer any reasonable questions are using from this post. ATB

So, CB's first task is to sell XTR in the Dragon's Den around 11.00. I hope to arrive in time to see that.

Increases in SP are slow but steady. With this movement at lunchtime it bodes well for when peeps get back to their desks. Hoping for an interesting afternoon session...

So maybe some more movement this afternoon?

CB has been known to release a blazer of an RNS at 4.20 in the afternoon. The news will come when he is ready. Chill and enjoy ride - whichever direction it takes...

Hello Yoshie, Hope you are well. Yes, YA are now completely out of the picture and XTR is also completely debt-free. We have even become a lender of last resort, lending cash to Moz at 30% interest - so you could call XTR a YA II ATB.

LS, Shhhhhh! :-)

Good to see a decent rise without all the hype that normally accompanies it on AIM. Sign of a mature and confident shareholder base?

What time?

Absolutely right Ngup, Wishful thinking on my part... a bit too liberal with those zeros! But the covering of overhead is correct.

Moz is contracted to pay , net to XTR, $500,000 per month in gold. ( 3kg, or 96 oz at $1,300 per oz = $1.25M gross). As if by coincidence this is almost exactly the same as the XTR company overhead, so Moz is effectively contracted to cover all of XTR's corporate costs moving forwards. XTR has loaned up to $700,000 to Moz to fund ongoing set-up and processing costs for the 'M' alluvials. This is needed because Moz has dissolved its partnership with Omnia so needs funding to 'go it alone'. XTR will either get back the loaned cash with an interest rate of 30% or will convert the loan into up to 35% equity in Moz, so will be entitled to over a third of Moz profits moving forwards. This could be worth as much to XTR as the rest of the alluvials put together and is in addition to the contracted $500,000 monthly income. Then there is the Q1 income from Sino ( who worked continuously throughout the rainy season) and, from next month, income from Omnia. All income from Sino and Omnia is therefore clear profit, as Moz is already covering the XTR corporate costs. Any additional income from converting the loan into equity in Moz will also be clear profit as the monthly contracted payments of $500,000 will not be affected. All of this in return for a loan of up to a maximum of $700,000. and a 60% payment of gross alluvial royalties to Nexus. And I should think we will know exactly what the Q1 cash position is by close of play on Friday, otherwise I would not like to be in CB's shoes on Saturday afternoon... I can wait.

25 hours, Bob - does your plane have propellers? If you are around in London before the show, let me know and we can meet up for a beer, maybe on Friday PM? Otherwise I look forward to seeing you on Saturday at the show. Have a good flight, ATB.

Of course, if and when XTR takes a 35% position in Moz, then we will get over a third of the profit being made by Moz from the alluvials and we will not have to share any of that with Nexus. We only have to share income resulting from the original alluvial mining agreement and this does not include owning a stake in any of the contractors. Once again I will get clarification on this, but I am reasonably sure I am correct...

Hello Andrew, My understanding is that we have a deal with Nexus for them to get 60% of our earnings on Alluvials only. I think that they will only get a share of the hard rock earnings if they stump up some cash to help with the development/production costs. But I will ask Colin for clarification and report back. I will also ask him about his tendency to ignore emails sent to him - he has been embarrassed by this lack of response in the past, but it doesn't seem to have made any difference as I have had a similar experience. ATB

CB will be giving a 20 minute presentation on XTR in the Johnson room, starting at 13.20, followed immediately by another 20 minute presentation on Galileo Resources in the Murria room, so will probably have to wait until after that to have a word with him...

I agree m'lord. If the first quarter figures were spectacular I'm sure we would have heard something by now - It is only human nature to want to get good news out into the market place but, as you say, the results do not need to be spectacular - they just need to confirm that production is ramping up and that the company is making a comfortable profit. Another 9 months until the next rainy season so we can be sure that Q1 results will be the lowest for this year and if, as I am sure it has, Q1 has been profitable then the rest of the year can only be more so.... and that will translate into steady gains for those invested for the long term. On the other hand, maybe CB wanted to keep back the good news until closer to the Investment Show so he can have something new to talk about? I dare say we will find out by Friday, as any news will need an RNS first if they are to discussed it at the show. I'm looking forward to seeing CB on Saturday, and to meeting the Cap'n again. Is anybody else going?