The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Think we went through this some time back, Iceberg mentioned he follows him on twitter?!
https://www.linkedin.com/in/alex-terry-045114123/
Kev over on the Roast forum stating CB is keen to buy more shares but is in a closed period (Manica income results?)
I think a decent buy form the BoD in general would really help sentiment here. Forget the ltd edition Mcallen this year and get your hands in your pockets please boys...
https://scotchgalore.com/product/macallan-james-bond-60th-anniversary-release-decade-v-i-d-no-1700-2/?gclid=CjwKCAiAs8acBhA1EiwAgRFdw_vJ2C945eRfPiMfjwpbe2wpadelzyaiinmw_yrAPGZd-D_SZBCfwBoCSt4QAvD_BwE
In fact, sell this by mid 2023 and I will buy thew BoD one each!!
Posted on Telegram: https://www.youtube.com/watch?v=EGI0dN012Qk&ab_channel=BolidenAB
This video is 12 years old and looks like they were already well into production. Just shows how efficient a mine can be, they were making big $$ back when the cu price was much lower.
'Musings'
Well, what a nightmare the last week was, 'luckily' I had little or no net for 4 days so missed most of it!
I have to say, like most of us I was initially shocked that the JORC had come out so low - I had RC at about 1.35e6t, as did a few others. I should also say, and I should have really known this, that I initially had no idea all of the data would not be in the JORC, bad research on my part. Saying that, it would have been good if the company also released a short .ppt highlighting that to us mining noobs; I feel that would have caused less panic.
I should say IMO, If CB had tempered expectations early on the SP would probably increased off the RC JORC. I really hope he learns from that, although I doubt it.
Anyway, Let's hope they do some sort of presentation for Ascot. Treat us like idiots and lay it out on a plate in simple terms please!
So what could we have: @RC? 1.1MT (in the bag)+ .03Mt=~1.3/1.4Mt
@AC? 0.3
So we could be looking at ~1.6MT all in? I think the market would be extremely happy with that at this stage. Based on that it would seem, as CB stated, he could get us to 2MT with more drilling.
Problem is SP is fecked so where does the $ come from for a bit more drilling without a long wait for Manica $ to build up? - Could we get a small, 5m, loan off the back of the results and projected Manica Income? - Maybe Boliden would jump into bed with us? They seem best placed to be the eventual buyers of this project.
BTW - if you want some anonymity. I took me <5mins to set up that email address and you don't have to give your name at this point.
OK - Not even had a read receipt to my email below and I sent it to numerous contacts at XTR.
I think a way forward would be to get enough shareholders 10%+ Not necessarily to force an EGM but to force the BoD to take us more seriously and hold, at least, an open Q&A in the near term (the next few weeks IMO).
In light of that I've set up an email address, could anyone who holds shares please contact me via this email address and summarise what you'd like i.e. EGM/Q&A and list the number of shares you hold. Ideally we want 10%+ as we then do have the power to force an EGM.
resourcesxtract at gee mail dot com (hopefully that works)
Mr.Bird,
Well, after the 1.1MT bombshell has been dropped I was quite surprised to hear you, almost, berating shareholders for being unhappy with the results. You must realise that you'd set expectations to the market in many interviews and the results, to date, are well below those set.
I feel, in order to restore some good faith, and allay some SH frustrations, it would be good if you did an open Q&A session, perhaps with a few of the Aussie team also?
Regards
Dr JJBrown
(Email sent to Company)
I'd assume taxes are pretty low. No doubt they will have top accounts 'manipulating' the books to keep them minimal...
Obviously the article is a few months old now...
"Goldman Sachs forecasts that the benchmark London Metal Exchange price will almost double to an annual average of $15,000 a ton in 2025. On Wednesday, copper settled at $7,690 a ton on the LME."
Let's hope so, thing is would a company risk buying us out near term or will they wait? - A couple of years could be saved on detailed plant planning and build buying now, would a big company risk it? - I guess ~£100/150m is not a big amount for a multi billion $ company.
REf:https://www.livemint.com/market/commodities/why-copper-prices-can-t-remain-at-historic-low-explained-11663805226402.html
Would there be any scope in starting off with a smaller plant set up to mine the 'high-grade' near surface ore and then ramp-up over the years. Or even just to mine the high grade portion?
A4444 - Could you contact Charlie Zzzz on telegram if you are interested in supporting his letter to CB re: no more acquisitions.
Well said prickly.
I also contacted the Roast boys to see if this would be something they could organise. I know we've had one in the past but I can't recall how the company went about it?!
Mr.Bird,
Well, after the 1.1MT bombshell has been dropped I was quite surprised to hear you, almost, berating shareholders for being unhappy with the results. You must realise that you'd set expectations to the market in many interviews and the results, to date, are well below those set.
I feel, in order to restore some good faith, and allay some SH frustrations, it would be good if you did an open Q&A session, perhaps with a few of the Aussie team also?
Regards
Dr JJBrown
(Email sent to Company)
Any chance of a blog update mr Iceberg? - Would be good to get your detailed opinion on the latest update!
A4444 - are you on the XTR Telegram forum?
A4444 - We need someone in between the likes of AF and CB. Someone who promotes the company, who has CB's enthusiasm but doesn't go over the line and make unrealistic comments bordering on BS.
Sounds like theiceberg ..
Only needs 10% for an EGM, I'm in...
CB had also mentioned he'd not talked to AA yet. IMO, based on the results to date, I'd assume AA would not be interested and that a company already Lachlan based would be far better suited.
With that in mind an 'informal' chat could be the best way forward now? Possibly naïve to think AA would let it go that easy tho even if they were not overly interested. I'm sure they didn't get as big as they are playing nice.
Maybe we give them the other licences or something?
Agreed Steve
It really is time CB just fecked off and retired, what ever he had in the past seems long gone, it's just hot air. Almost desperation, especially with talk of buying new assets, to revisit past achievements.
It needs to be put on the open market as we'd get a better price from companies nearby. The problem is how do we, cheaply and quickly get out from under the foot of AA??
I really think we are at the stage where he needs to be held more accountable. Is there not a group of shareholders, invested in another company, that have monthly update meetings with him.
Something similar is sorely need here now....
I'm still gobsmacked that he brushed aside the talk of 2MT, and tied to accuse us SH of a lack of understanding, when he's on camera/audio for months stating we were there....
>>I'm going to be contacting our chairman directly to communicate that.
I'd be happy to jump in on that, but good luck getting a response!
That's because, apparently, the Roast boys get paid in shares by CB. They're not going to give him a hard time!