Member Info for Gixxer-600

Aye, looks like KPZ offloading a few more...think the allowable was 20% in the first 6-12 months? - The Oz deal has not been signed off by the government yet, I think CB said mid Aug, so I doubt it's them forward selling...

Interesting bit of info there CE. May I ask, did you get that info from Bird?

If it turns out to be correct, and its Dr.H then I imagine we will get an RNS in Aug regarding this. Should the Aus government agree to the purchase agreement..

A bit of background on the chap in charge of the Aussie copper project. When I saw the latest RNS title I was actually expecting that it was he who was being given a BoD position :https://www.linkedin.com/in/quinton-hills-8160386a/?originalSubdomain=auHe was also recently added to the Galileo management structure: "Galileo has appointed the highly experienced and successful Kalahari Copper Belt exploration geologists, Dr Quinton Hills and Fred Nhiwatiwa as members of the Company's senior management to provide assistance with the Company's exploration projects in Botswana" Ref: https://www.investegate.co.uk/galileo-resources--glr-/rns/appointment-of-senior-management-team/202007150700089941S/

Thanks for the link Andrew, a good listen. This bloke seems to have an economic version of the sports almanac considering he made those statements a year ago.

What concerns me is that, if the coming recession is as bad as some are predicting will the world be in need of 'excess' copper in the next 3-4 years? yea, government 'stimulus' can help shore up industry but if no one is buying that can only go so far. Saying all that, the cost of copper continues to rise so I guess the market see's it differently.

My preference, more than ever, is that we focus on further drilling in Manica, do we really have the 1.4e6-1.6e6 oz than CB thinks we do, is there more than that?. That's something to really get excited about considering the current gold price!

Changing the subject - Did we every get an update RE: the Nexus court case?

That would be most welcome Andrew..

Not much info regarding what his actual role will be, apart from to "provide a balanced view on our activities both current and proposed.""

https://www.linkedin.com/in/alastair-ford-a8416239/?originalSubdomain=uk

$1880

CB will be raising both eyebrows at that A4444

Copper & Gold on the move today. Surprised to see copper on the rise given the current economic climate, Bird appears to have gotten it right...

2k by year end?

https://www.fxempire.com/forecasts/article/gold-price-forecast-critical-metals-and-mining-update-662126

@LW - From MineProphets: "Hello Jamesiecakes, the mozgold plant is still there but not fit for purpose in that it cannot recover anything other than relatively coarse gold which is not the case. Our gold is quite fine. no big demand at the moment for plants of that type"

@BB - I can't find anything online to suggest the ports are open, I'd very much doubt they are ATM, especially for freight coming on from China.

Fair Point A4444 - My question was more targeted at why Colin provides deliverable dates that he does not meet as opposed to profit margin conservatism but I may not have been clear on that.

I also asked him to explain why deliverable's are constantly missed and do he not feel this has an impact on sentiment..

CB - "I am deliberately being conservative with my projections because a lot of factors are outside my control but please step back and look at the portfolio and the current market capitalization. A lot of scope for shareholder value enhancement and I am doing my best to achieve that."

The first part of the response left me a bit gobsmacked TBH, considering how many targets have been missed under his tenure, an interesting lesson in human perspective I guess! The second part, yes, a lot of scope for shareholder enhancement but at some point it needs to be unlocked Colin!

From the Mineprophets chat session I got the impression CB was not comfortable using media to promote . He used the phrase "You know real assets do sell themselves and that's what we are trying to do at Xtract. " when asked about promoting this stock. I agree with the individual who posted the question, I think more could be done to promote, especially as we move closer to HR production.

In the interview with TW he came across less bullish, or at least more serious, than he has done in past interviews (not a bad thing IMO). I'm not sure if this was due to TW now holding stock in XTR, not someone you want to upset. TW did actually chime in on the chat at one point stating he'd 'get cross' should CB raise with using a Primary Bid offer. Hopefully we'll not need it!

Not great answers to your questions CE, the interaction is via txt not video so it's proving to be a pain. I'll provide a better update when I get more time. He mentions the two deals in his interview with TW - Seems to be much less positive on these now and is not providing dates .For now:
G "Please provide an update on the two contracts which should have been awarded by the end of June to give short term income whilst awaiting full scale HR production from Fair Bride?"
Please explain why deliverables are constantly missed, do you not feel this has a large impact on sentiment?

CB - Hello Jimmy, agree non-delivery has a large impact on sentiment but to identify, make an agreement and for the company to procure the necessary equipment to meet the contractual terms takes time, especially if that equipment is coming from China. You cannot do it in two month but the pressure is on to do it.

CB - The second alluvial contract will be modest with expectations of between 1-2kg at very little cost to us. If we complete negotiations with a hard rock operator with free milling capability then that contribution could be between 4-6 kg per month again with little cost

G - Are we still on schedule to have significantly increased income by the end of September - and, if not, what is a realistic revised schedule
CB - Hello Jimmy, I expect income to increase month on month but the key driver will be a contract for the free milling gold

One does really wonder what goes on in Birds Brain - over 2 months ago he informed TW that a deal with regarding to the alluvial's was very close to being struck. Following a call with CE a month, or so later, it was days away. Is he living in a region with some sort of time dilation compared to the rest of the planet?!

Can anyone name one instance where he's met, or even come close, to hitting a target? - I may try and find an average of the delta between his predicted deliverable and actual occurrence, it may be possible to calculate a 'Bird factor' we can add on to his BS deliverable dates!

'Tied up' over the weekend! - Lucky you CE :P

I've signed up CE, will put your questions forward if possible.

'So this delay is not on Colin' - Well, not quite the case. Bird told us he have Manica up and running end August............... 2017

Xtract AI does exist as a company - But probably not one that would be taking part in a mining symposium...

I saw that too but there's no explicit mention on the actual mineprophets website. I've emailed them for conformation!