Member Info for cyberiachas

Cb was paid around £190k at xtr per the 21 accounts from my reading , inc a significant bonus - plus a lot of options ( hope my reading is correct , they are on xtr s website)

Obviously 22 accounts yet to be published nearly 6 months after year end

Bushranger as currently advertised is not of any interest to anyone.

The grades and the volumes are too low.

Copper at $12k per ton, further drilling from manica proceeds to increase the resource and potentially the addition of concentrator tech could change that, but that will be 2 years time if at all.

hence 1.4 to sell here right now

I think our ownership of Manica is currently worth maybe £25-£30 million which might be more reflected in the share price as and when full production is announced.

Unless there is a high degree of confidence that further drilling at BR will lead to a big change in the viability of the resource, then manica income should be invested in something more worthwhile eg further exploitation of what is a very large gold resource at Manica or funds returned to shareholders.

That is the big question for me at the shareholders meeting. Colin does not have a huge stake in XTR (maybe 2 or 3% without options?) unlike in AFP or GLR for example (8 or10%) so given the misdirection on the potential of this project in 2022, its time for him to listen to shareholders as to what they want, as for example, people on this board taken together hold multiple times his stake and now need to be listened to with regards to strategy.

It would be good to hear something from the Board regarding their proposed strategy into 2024 so that this can be discussed and if necessary challenged at the AGM.

Doesn’t mention Kalahari but I guess Zambia and ongombo are the ones likely to lead to interesting action/ results over the next 6 to 9 months

Just posting what you mention below in TIR, it holds 4.6% of afp I believe :

African Pioneer Plc's (APP's) principal business is to explore opportunities within the natural resources sector in Sub-Saharan Africa with a focus on base metals including copper, nickel, lead and zinc. Tiger's current holding in APP is 8,810,056 ordinary shares representing a 4.6% interest in the company. During the last 12 months, APP has carried out a drilling exercise on its Ongombo licence which has had considerable success in identifying near surface material. These drilling results will allow the company to consider an open pit /2-3 year mine project when evaluating a potential mine which should facilitate entry into the proposed underground mine. The re-evaluation of the Mineral Resource completed by independent consultants Addison Mining Services and announced by APP in May 2023 achieved a significant milestone for the company. On APP's Zambian licences, First Quantum has reported considerable success with their initial fieldwork and drilling programmes including some deeper holes drilled. The outcome has shown the project to be extremely high in potential with First Quantum stating their belief that the orebody style resembles that of the Kamoa-Kakula mine in the nearby Congo and the Western Foreland style mineralisation associated with Kamoa. This represents a potential significant major discovery for Zambia, First Quantum and of course, APP. Apart from these deeper holes drilled, there has been near surface mineral discoveries with indication of grades somewhat higher than traditional Copperbelt expectations. Tiger remains excited on the prospects of further news on APP's project and believes that further progress on APP's assets should have a positive impact on the performance of this investment.

Would have been nice to have some juicy news for post the raise, but I guess he released prior to try and get the price up first, difficult decision to make. Agreed it might be a month or two before substantive news here.

I came in for 100k shares but I already have quite a few. Looks like buys comfortably outweighing sells overall at this level

The glencore cash is definitely the thing here now and starting to feel quite overdue given the takeover panel gave approval in feb , it’s pretty pivotal

Ma obviously gets a kick out of winding people up, best to ignore.

I sometimes unfilter her for a bit of entertainment and as a reminder of how crazy my ex wife was/is!

I'm agreeing with DVH. I don't think they have to raise a huge amount of money, maybe £750-£1million?

Ongombo should be a contractor finance deal, kalahari and zambia are in the hands of 3rd parties so its more for corporate overheads and a little bit of kalahari development.

If the FQ results are near what's predicted (and as indicated by FQ data and reports) then there could be some very interesting action over the next 6 -9 months as FQ gain confidence in what they have.

Https://audioboom.com/posts/8313247-midweek-takeaway-with-colin-bird-executive-chairman-of-african-pioneer-lse-afp-afp

I'd rather sit on this for a year (v reluctantly) and build up some good cash reserves rather than even consider a raise at anything like this level. I personally don't believe Colin would consider a raise in xtr with manica coming on. That long expected copper price rise could be kicking in by 2024 as well.

Empress recently quoted an annual $1.6m from manica in their presentation or $47.5 million gross from the operation giving us something in the order of $7.6m. I think that works out at a run rate of 60+ kg gold per month in 23 on average.

if we are sat with $7m in the bank this time next year with maybe 9.5k or 10k copper that's not such a bad place to be. If its considered worth it to invest money in BR do it then I guess.

If manica did indeed start knocking out close to 100kg per month by end of 23 our cash will be significantly higher of course.

The FQ quarterly update is is quite overdue now. You would think if rain stopped play for most of the quarter then it would be quite straightforward to say that.

If you look at the copper grades at FQ Sentinel the average is down to .36% in 2022 so i'm sure they wouldn't mind a bit of our zambian open pit at maybe 1% plus to feed their plant.

Pan-lid is filtered, just monotonous childlike drivel- dropping daily on this chat just clearly part of his routine, waste of time for everyone including him/her self

All you do is moan pinocchio, the difference between success and failure of AFP won't be a 6 hour difference on the release of an RNS or spending a lot more money on PR - its about actual progress as evidenced with this RNS and the proximity of starting to get it monetised over the next few quarters which looks very likely now :)

Very substantial upgrade of the resource - look at the gold in the inferred resource as well. Who cares what time it came out this is a humdinger. Ready to get on mining it as well.

hopefully a stonking FQ update around the corner which would limit the impact of any raise. If that's looking stellar then raising £1m for company overheads shouldn't be much of a problem.

Previous guidance has been monetisation by the end of 2023. The ESIA was underway in September 22 and the first 2 years is open pit. Plant requirements may be pretty limited if it’s possible to process ore at an existing plant.
So not nonsense but debatable for sure.

This is great news and should see copper production in H2 2023 which will generate multiples of the current market cap

But it isn’t even the main story which is in Zambia on the first quantum prospects - that could be a monster and they are currently drilling it with some urgency - that could be worth telephone numbers

Should we expect much from FQ for quite a while ? It’s been a horrendous wet season last couple of months at least I believe so I would think they will just have mobilised again recently- or maybe they work through it all which would be impressive.

It has been 6+ months since any ongombo news - that’s not great - can only hope that it’s positive and just around the corner

A double announcement with the £5.2 m from Afrimat could light the touch paper