Member Info for Gixxer-600

I'll go with Bird being more akin to a 'Camallanus' Bright red worm, thread-like parasitic nematodes that often protrude from the anus of freshwater fish....

Someone forgot to take their meds this morning....Nurse!!!!

"Why is there no update out on Silverking? What is the delay?" - Considering Bird is spamming his X account with progress @H&G I imagine it's not progressing as expected @SK

That photo must be, at least, 20 yrs old. Old feck Bird catfishing.

'this whole back and forth has tickled me in a way that I wasn’t sure some of you ever could' you really should go outside and touch grass....

'this whole back and forth has tickled me in a way that I wasn’t sure some of you ever could' you really should go outside and touch grass....

It's going to have a conniption over that one.

Cue a 500 word retort....

Anyone who buys or sells based on comments on a BB is a fecking idiot.

Just saying

Https://africa.businessinsider.com/local/markets/as-china-dominates-antimony-supply-morocco-advances-strategic-mining-project/r62evw7

The unanswered questions

Despite the progress, investors still have limited information about the project’s long-term potential.

The company has completed feasibility and environmental studies, but it has yet to publish a detailed modern resource estimate showing the scale of the deposit.

Key details including total reserves, expected mine life, production costs and capital requirements have not been fully disclosed.

Those factors will ultimately determine whether Amghas becomes a small regional producer or the foundation of a larger Moroccan antimony industry.

For now, the licence marks an important step for both Xtract and Morocco.

But the bigger test lies ahead: proving that Morocco can turn a promising project into a commercially viable source of a mineral that has become increasingly important in an era of geopolitical competition and supply chain security.

"I must say the SP is holding up well since the RNS." - You jinxed it Jezz!

It does, but then Bird has minimal input into SK mining progress.

"IMHO It will probably be Q1/ Q2 27 but things are moving forward"

Again, If memory serves, MC suggested Q1-27. It was old man feck that told Roast Pr definitely this year.

Wasn't that the interview where he got the region/town/docksite wrong also?

His addled old mind gotten mixed up with companies/plant etc, I recall stating he's probably sent his hoss to Africa and the mining plant to his horse trainer....

I really CBA to listen to those interviews again however, as others have mentioned the old feck is well know for BSing being, quite frankly, delusional in his statements.

From memory, Bird gave the first interview detailing what was going on in Morocco. He stated something like the 'plant is already on order' or 'already on the way' and was just a few containers.

The follow up one, with Churchouse, went against what the old feck had stated not long before. He stated, something along the line of, "we are currently looking into what size of plant we will need for the mine"

This, [mr/ms/they/them/it] delusional JDAU, is why you ignore verbal statements made by him in interviews. It is not official news. MC1 is entirely correct, as usual, the coffin dodger has missed timelines. By my count he's been on time with one forward looking statement in all the time I've been invested here. Shocking really...

I posted that at the time you Muppet, and it's taken 30s to find it again.

Don't try and mitigate the fact that arrests were made for illegal wrongdoings with persons Bird is now dealing with. And those persons are being taken to court, currently, by past partners.

"“Can we trust this company anyway,” says Gixxer.""

AN alleged mastermind of the illegal gold mining in Mwinilunga has been arrested, bringing to 22 the number of suspects in police custody.

The suspect who has been identified as Lukonde Makungu, a director of Chilibwe Mining Limited was arrested on Wednesday in Solwezi.

The suspects from the mining firm were alleged to have been undertaking illegal gold mining on a mine tenement belonging to Philton Investment Limited near Kasenseli without authority.

According to North-Western Province Commissioner of Police Joe Njase, the suspect has been slapped with five counts which include criminal trespass, forgery and uttering false documents.

Other charges are undertaking a project without written approval of the Environmental Impact Assessment and illegal mining and exploration which is contrary to section 12 (2) of the Mines and Minerals Act number 11 of 2015.

Corporate Background: Makungu is also an executive director at Cooperlemon Consultancy, a Zambian mining consultancy firm that facilitates various operations in the Copperbelt.

Based on readily available news, no. We cannot trust the person linked to this company

The big questions on that Jezz are:

- What happened to our money?

- Has it been returned?

- How much had we actually given them? [I don't recall seeing numbers]

- Was it, the deal, actually legal in the first place?

- Has the desiccated old feck broken his fiduciary responsibilities the shareholders? Knowingly entering into a deal with a third party when there are court proceedings in place.

- Can we trust this company anyway, sounds like they all ready fecked over their last partner...

There's no point in conversing with these idiots, there really isn't.

That bit was not AI - That capex is a fact - Who the feck is going to out lay that sort of money - it's over a billion, can you not understand how much money that is for the risk involved?

The volume of earth is huge, go measure it out on a map and then go walk it. Then go dig a tonne of that for a tiny volume of copper. Then go do it again and again and again.

One factor I, almost, forgot to mention - How much of that will Bird siphon off for himself and his mates. A few milli I would say..

[3]

Given the above how much would xtract [or a major] have to pay Anglo American due to the AA/XTR clause [The Historical Holders & Mine Development Payment]:

Based on the original purchase agreements signed when Xtract acquired the Bushranger project via ProspectOre, Xtract itself does not have to pay Anglo American anything out of pocket to hold or sell the asset. Instead, the financial mechanisms operate as a buy-back option or a mine development payment.

The exact terms dictating the financial relationship between Xtract and Anglo American outline how a major offer would be sliced:

If a major mining company buys Bushranger and moves forward with building a mine, Xtract (or the acquiring company taking over the asset) is contractually bound to pay AU$7.5 million.

Who pays? This is a development payment owed to "historic holders," which explicitly includes Anglo American.

When it is triggered: It is only paid if a "Decision to Mine" is officially declared. [Either xtract or the buyer, Bird has already stated "we'll [XTR] end up in court if we declare the DtM so it will be a major]

Impact on an offer:

If a major offers AU$40 million for the project, they will write the AU$7.5 million liability into their valuation, essentially reducing the upfront cash Xtract takes home.

The Net Smelter Return (NSR) Royalties

If Anglo American chooses not to buy back into the project, they retain a slice of future production.

Once a mine begins commercial production, the project is subject to 3.5% NSR royalties.

A portion of this 3.5% royalty stream belongs to Anglo American as a legacy vendor. []

The 80% Buy-Back Clause (The Inverse Scenario)

So lets sat £15e6 -Not sure that equates that to 10p a share.....