Member Info for Cygnus7

Howezap, what I think confuses things is that when XTR bought this license there was a clearly a belief that there was more Cu there but probably not enough to get exited about - otherwise AA would have explored it themselves or contracted a company in to do it for them. The agreement was written with that belief in mind. Things are very different now. In my mind we have far exceeded the 'line in the sand' and that has bought forward issues about 'when do we JORC and declare the 2MT', when do we stop exploring, should we leave something in the larder for AA to discover? All of these confuse the situation and they re-establish the relationship between XTR & AA.
Personally, I don't want to lave a large fraction of the ore in the ground and not get our share of it. If a reasonable estimate of what is likely to be in the ground is made, and we get paid for that, that's fine. But I don't want to get a tiny fraction of what Ascot is worth just because we want to cash in early with AA making an early offer which is OK-ish/just adequate.
Just my thoughts.

I'm hoping that AA will see the great progress being made and leave XTR to get on with it following some sort of agreement that a purchase will happen when the exploration is complete - is that too naïve ?

Yes Steve, I know you're right.
Have filtered and that's the last you'll hear from me on the subject.

O.K, apologies to all for cluttering up this board with non XTR chatter but I just want to put this to bed and I'll shut up.
Thisgoesdown - your message this morning... I was embarrassed for you.
Firstly you have not taken me up on my challenge (put up or shut up) and you've had 12 hours to think about it - times up.
Secondly, at one point I thought you were a bot as your messages were so short and lacked any information. This morning your message proved me wrong. No bot could generate such a confused and illiterate message. Normally I would not take advantage of anybody for their lack of an education as we can not all have that advantage but you are a special case. You pretend to know what we do not but refuse to share - wonder why? So, lets unpack your message - embarrassing faux pas by faux pas.
First, I thought originally it was in Serbo-Croat but then saw there were one or two English words in there but I give you no credit for correct spelling due to the inbuilt word-checker.
Second, your paragraph contains 61 words or sentence elements but not one full stop or comma.
Thirdly, you clearly do not know how to use an apostrophe with such classics as ' he's ' rather than 'his'.
Fourthly, the clarity of one's writing reflects the clarity of one's thoughts. The fact that nobody seems to know quite what that message meant reflects badly on you.
The point here is that if my ability to write was as rudimentary as yours I would hid from polite company not advertise my inadequacies. I imagine you ability to invest is worse than your ability to write so please don't proffer your thoughts where they are potentially dangerous to those who do not know you or our agenda.

As for the content. From what I can glean you seem to think I'm in debt due to XTR. Fear not. Currently I'm about £20k up and have an average below 4p.

I will now block you so please feel free to tell everybody what a loser I am - others can make their own minds up.
Cygnus

Steve4077, yes, I know you're right but I do enjoy bating the baters. I've now made him an offer. If he refuses it I will do as you suggest and filter him.

Hi Thisgoes, as Desteen asks, please give us your considered opinion on what's happening here. Do you know something we don't ? None of that, "you wait and see stuff". Facts mate. Give it to us straight. We can handle it.
P.S, I see you have been on this board since 2017 but have never posted on any other board and seem to have only recently started to appear here again. Suggests you have a different troll name for each share you get your entertainment from. It also suggests that you lost money on XTR in the past and can't stomach others making money on the same share. Time to man up !
I'll make a deal with you. If this share goes bottom up by the 11th Jan, I'll write an apology and accept that you were right. If it's still trading on the 12th Jan, You disappear and don't darken our board again.
What do you say. Is it a deal?
Cygnus

I bet it is killing you softly but bear up mate. It'll all be over when you realise you're barking up the wrong tree.

My God, you are good at this 'Thisgoesdownigo' ! No sooner do you poke your head up and the price goes positive.
Please, on behalf of all XTR shareholders, please keep trolling. Your efforts are well appreciated by all of us.
Cygnus

There you are Thisgoesdownigo. I've been wanting to thank you for your trolling last year. It's possible you helped me to get one last top up at a really good price. I had the good fortune to come into a small amount of unexpected cash and I put it all on XTR. I am already up about £250 on that small wager alone and it's possible you helped me do it. Thanks again.

But if you're trying the same for yourself, I think you're leaving it a bit late mate. Get on that train now or it's likely to be too late.
Tootle pip, Cygnus

I feel an RNS coming on tomorrow morning......
Possibly even a mention of Africa.

I think CB saying that the cut off is likely to be 0.15 % will add a lot of tonnage to the outer regions of the pit and help hurdle over the 2MT barrier.

When I say a resource half that of racecourse, I mean in terms of value to XTR, not millions of tonnes.

Howezap, that's my guess also.
I hope that with a few drilled holes and results 'similar to better' than racecourse that we can assume a resource of half racecourse. Just a wild guess, I have no knowledge or experience in these matters.

Ella,
That was my point, If it's not fully assessed then how much credence is placed on it. Just wondering if anybody has any information on this point.

If the Aussie assets did not exist and the African assets were cash generating at the expected levels (next year), does anybody know what sort of sp we could expected them to support?

Just wondering, Racecourse is well documented and looks to be 2MT -ish. Then there's Ascot which will just have a few holes drilled. Clearly Ascot will not be drilled and assessed the way Racecourse will be. Because of it's location to Racecourse and the limited drilling it will gain some credibility but even if it looks like another 2MT resource, surely it will not be counted as such due to the lack of exploration. So, the question is: how to put a resource number on it? Is it counted as say, 1MT, or more or less ?
Does anybody know the answer to this please ?

I thought he meant he was going to plan his Christmas - leaving it a bit late I thought !

Howezap, I would feel a lot more confidence if the African assets started generating real income.
What makes XTR different to most AIM companies (other than the assets - some other similar companies do have good geological resources) is that you can see how those resources are going to be turned into hard cash. If Africa starts producing income the company can take as long as it likes to prove up Racecourse & Ascot (contractual limitations allowing) and those assets do seem to be on the point of delivering.
I just think we are currently under the radar and I've taken advantage of that but soon we need this to get noticed and maybe the recent appearance of a troll is the first sign that's happening.

Andrew, well spotted but in reality, it was a typo.
Although I wrote $15000, I meant 10500 in which case my figures are correct.
But would be happy to accept a Cu price of $15000 although the world economy may well collapse at that price !!
Sorry for the confusion.
Cygnus

Hi All, as we are pretty certain that 2 M T of Cu has been achieved and another porphyry has been discovered, rather than trying to calculate the volume of any given hole in the ground I thought I'd so some sums based on 1 x million T of Cu then anybody can chose their own values for Cu price and buy out % per million tonnes of Cu in the ground. I have assumed a £ to $ figure of 0.75. I hope the figures line up as they appear before posting. The far left is the price of Cu/T starting at £9k. The $ to £ conversion is then calculated and below that is the buy out % which may appear low but it is a combination of attractiveness of the resource based on size, location etc and the fact it will inevitably not be of the highest JORC standard.
The sum is then divided by 1 Billion for the number of shares. Hence for the first calculation $9K has been used for the price of Cu giving £6.75 B (for 1 M T). Four buy out % are then used but the first is 1%. Divide by 1 Billion shares gives 6.75 p. The sp is then given below that for the other 3 buy out values : 1.5, 2, & 2.5 %.
Explaining that seems like a lot more work that actually doing it so I hope it doesn't confuse anybody. Here's hoping....

Value of 1 million tonnes of Cu to XTR sp

$ / T Value Convert to £ Purchase $ * Per share (p)
0.75

9000 $9 B £6.75 B S.p (p)
0.01 £67.5 M 6.8
0.015 £101.25 M 10.1
0.02 £135 M 13.5
0.025 £168.75 M 16.9

9500 $9.5 B £7.125 B S.P (p)
0.01 71.3 M 7.1
0.015 106.9 M 10.7
0.02 142.5 M 14.3
0.025 178.1 M 17.8

10000 $10 B £7.5 B S.P (p)
0.01 £75 M 7.5
0.015 £112.5 M 11.3
0.02 £150 M 15
0.025 187.5 M 18.8

15000 $10.5 B £7.88 S.P (p)
0.01 £7.9 M 7.9
0.015 £11.82 11.8
0.02 £15.76 15.7
0.025 £19.70 19.7