Member Info for Ella10

Thanks Bob,
Was there any discussion on why the transaction incentive includes acquisitions and if there was any annual upper limit on transaction incentives that could be awarded?

Hi Slurms,
Fair point - I missed that. I can believe and haven't taken issue with the massive sulphides in a small section of the core. My understanding is that massive sulphides would normally contain a large quantity of non copper sulphides. However, if we really did have massive copper sulphide then I find the assay results very low. I also think massive copper sulphides, even in a section of under a metre would have garnered some attention. I might make some enquiries.

Mick,
Your powers of deduction are brilliant!!!!!!!

Hi Slurms,
that was obviously a typo - I meant to say Fulmar ;-)

They haven't referred to massive COPPER sulphide in this RNS. Sulphides include pyrite and other sulphides so massive sulphides would be much more common than massive COPPER sulphides. I think if they really had massive copper sulphides there would have been a lot of folk paying attention.

Hi Teaye,
The results are just very average considering the previous RNS that announced this intercept. Reading the RNS carefully that appears to be the only interval sent for assay for that hole and it is certainly the interval that contained the massive sulphides. It does refer to intervals but it also refers to intervals within the 4.3m section. I'm surprised there wasn't a worse drop. The Headline statement in the previous RNS was MASSIVE COPPER SULPHIDES.
From Science direct
Chalcopyrite contains 34.5% Cu, 30.5% Fe, and 35.0% S.
If you take massive as meaning 60% or more of the rock then if the copper sulphide was chalcopyrite one might expect massive COPPER sulphide to contain at least 20% copper. Thay was never realistic. In my view the title massive COPPER sulphide was misleading. I'm not an expert and you will have read PGE_Geo's take on the previous RNS.

Quinton Hills is a director of IQ Minerals which identified the resource for Prospectore. ProspectOre was formed just for Bushranger acquisition. I suspect QH was also one of the beneficiaries of the shares. I guess the team are well incentivised.

Hi Rio,
I just want investors to have a balanced view. I posted on here after the director 'surrender' of options at 6.94p and the loss of the Kalaba mining licence and was called all sorts because apparently I didn't have a clue and according to Shep needed to be sectioned. I don't consider that an acceptable response for what was very obviously correct conclusions. I think the ramping on here and comms by the company are unacceptable so I'm just providing an alternate view :-). The XTR board although generally positive does accept and discuss alternate views and isn't generally given to the attempted 'bullying' that has gone on on this board.

That's obviously all that was worth assaying. What happened to the Fwiji results surely less than 10m of core wasn't foo much for a lane used to dealing with thousands of metres?

..

That was a long quarantine - poor guys. From the 25th June RNS
' The horizontal gradient fixed wing magnetic and radiometric airborne survey over the Cheyeza, Muswema and Lumbeta target areas is due to start shortly, following new quarantine regulations recently introduced. '

Hi Iceberg,
I am not suggesting any shares of the shares held by PO have been sold but I don't understand your statement 'unless they have been sold illegally'. Any chance you can clarify?

I would be interested to know the thoughts behind the incentive scheme applying to acquisitions if anyone brings this up.

F79,
Any idea what's happened to the AEM survey that you said was delayed due to quarantine requirements in June?

I don't think we can tell how many, if any, of the ProspectOre shares have been sold. Jeremy Read still held quite a few when he stepped down as director. It was under 3% so no notification required if he sold.

Delaying assay results is against aim regulatuions. As for production at Cheyeza East - cloud cuckoo land comes to mind....

I wasn't discussing the price of fish but I can see how you might relate it. Something definitely appears fishy! :-)

Yes, there does seem to be a lot of court activity around Zamsort.
Are there any court cases around CASA? There were some deaths in illegal gold mines in Misisi within the last couple of years - was any of this activity on the Leda Mining tenements?

Can anyone provide a view on the following? I have tried an internet search but didn't come up with anything useful.
A) Can old drill holes be uncapped and examined? I assume it depends on the type of ground they were drilled in, how long ago they were drilled and any ground movement since but I don't really know.
B)Ben suggested that the diamond company that had previously drilled Ditau didn't want to share any info they had. I realise they paid for and drilled the holes but we are exploring the same area. If A above is possible does the diamond company own the hole or could KAV uncap it and examine it?

If A and B are possible is it likely to be just too much of an outside chance that any benefit could be gained from the above?

I just wondered if there was any chance that we could do a downhole EM on an old hole. It seems rather unlikely but the mention of a single downhole EM survey in the RNS did make me wonder.

I do think if AA purchase EL5574 that they would also want the option to own the other licences. Perhaps if AA do buy back Racecourse they will do a deal that gives them first refusal on the other licences when XTR come to sell.

I must say one thing I found reassuring about the presentation was CB speaking about why they got rid of the XRF. I wasn't previously convinced, particularly given the assay results for later holes in phase 1 but I now think that decision did make excellent sense. The guys on the ground do sound very good and although I'm not a complete believer in you get what you pay for I wouldn't expect these guys to be cheap but it sounds like they are well worth it. On a slightly less positive note I think we will need the money from the warrants, although Manica should provide massive financial support it will take some time to find it's feet. All the support necessary for the rapid pace of drilling won't be cheap but seems to be well worth it. I think I would prefer to see the last placees get and exercise their warrants rather than have a further placing. I realise the share price is likely to be higher for a further placing but that's still my view. I suspect the warrants are likely to be a done deal anyway - but that is a veeeery slightly cynical view.

James raising the question made me think that Prospectore will probably get sold as an entity. Is there a benefit to buying and selling a company that owns resources? It just brought to mind some high profile tax savings that were made when buying and selling companies rather than the property that the company owns.