Member Info for HawaiifiveO

Potential huge returns possible from TYM

https://shows.acast.com/uk-investor-magazine-flash-briefing/how-will-shares-adapt-to-new-normal via @acast

For the best part of the day BMN has been NT or 'AT BEST' only - in other words nigh impossible to buy with a fixed quote - when this happens it is usually a very good sign.

Are shorts closing discreetly one wonders, if so this could soon be trading in the mid 20's - the re-rate looks on, noticed it was 24p in February

The buying started after 1pm, we all know AST is leaky as a sieve, news coming one wonders ?

Something has to be happening in Slovenia, the project still sits there as does the appeal, a verdict has to be forthcoming, it is well overdue, yet another bone of contention for long suffering shareholders.

Where is the interview by Cassiopeia as promoted on May 1st ?

Surely Dennan cannot be so hard to pin down ?

I have added today, I do believe a re-rate is underway, historically XTR moves up quickly - Bird seemed very genuine on the podcast, it is also worth noting that other junior gold plays have re-rated and XTR has been left behind, if Bird is to believed the company is only months away from meaningful production but is currently valued as a bombed out explorer.

Bushveld has served me well in the past, bought in last week, one of the few sector stocks whose share price has not recovered from the COVID market drop - shares were trading around 24p in March - a good entry point me thinks !

Interesting that Tom Winnifrith interviewed Adams, which was shown on Saturday, the continued theme was dilution and placings, pushed into a corner Adams said they could raise bridge funding of £500k if need be, whilst he never said there would not be a placing I am staggered to see this huge one at a significant discount. There was no indication at all of need for such a huge tranche of cash.

I'm glad it has come this morning as I was about to buy the story early this morning and would have paid 1p+ only to be then shafted at .65p apart from the discount the warrants convertible in the next 3 years are also a possible drag on the share price.

I wonder what Winnifrith will say about this.

The only real leverage minority shareholders have is to try and make it as hard as possible for them to shaft us, if that is their intention.

The way to do this would be to try and get the mining licence withdrawn citing a change of ownership - I do not like the long silence, it works against us as penal interest and charges are mounting daily, in effect diluting our position.

There has not been an Action Group update for a while but I believe some strategy should be forthcoming to try and break the silence.

Mr Bowden is duty bound to work for ALL shareholders but clearly minorities (holding 25%-30%) are at a disadvantage, we could become diluted out of existence if the stalemate is not broken, if MTL had a 'normal BOD I suspect other options would be considered but it seems Bowden is the only truly independent director.

If nothing material comes by end of next week, new process needs to be considered by minorities.

Hi James

I was pretty satisfied by what Winnifrith asked Colin, namely timescales, free cash to Xtract and most important probing to know if any dilution was coming shareholders way, it seems not so. I thought Bird gave a confident performance.

In respect of the 'blue sky' comment, Bird referred to a few projects sold in excess of $100m so I used this as an example of what he was aiming to do at Eureka subject to drilling results, you were right he did not actually name a number as such. It was interesting to hear he personally made $27m out of the sale of one of his historic projects.

I genuinely think he wants to do well for Xtract shareholders, he accepted the blame, once again, for the debacle of Chile under the Nelson regime.

I wanted to ask him about how much the increasing gold price has added value to the NPV at Manica, it was interesting this aspect was not addressed as the current NPV of circa $42m was based on gold being $1250oz.

If Bird can deliver the numbers and timelines it makes XTR a stonking buy but we are dealing with a man who needs to restore some credibility to himself, he regularly fails to meet such timescales but I was encouraged to hear they have not been seriously effected by the lockdowns etc.

Yes should read per month.

Colin Bird was interviewed extensively, it was not possible to ask questions but I was very satisfied with the outcome, Tom Winnifrith opened Colin up, he tweeted like a canary, seemed very upbeat.

Aiming for 1st revenues from Manica Hard rock - August/September - no obvious delays on plant etc

Some notes...

Re-iterates low overheads at PLC level - Cash currently £500k
Alluvial production may be extended, new negotiations on-going (6 months remaining currently)
Alluvials deliver positive cashflow to Xtract $30k-$40k bad month $70k good month

Manica - will deliver $350k to $400k free cash a month to Xtract ($450k was mentioned also)
No capital cost to Xtract or funding required
Timeframe expected - August/September first revenues
New photos on website next week plant/progress (could not make out exactly what photo's)
Only one sixth of gold resource for mine - significant resource growth potential >1.4m ounces of gold
Did not mention anything re project sale but then he would not would he !

Zambia Kalengwa - will deliver IRO $700k free cash per annum - production aiming for mid next year
5-6 year dump life
$4m-$6m set up cost funded by trade finance and debt

Eureka - offers blue sky potential for Xtract shareholders with $100m+ exit the aim if exploration delivers - he referred to past project valuations & exit values.

General...

Xtract by May/June 2021 should be receiving $1m per month free cash
Tremendous potential in Zambia - re-iterates 'blue sky'

Winnifrith seemed bemused over XTR's current £3m m/cap, implying far to low.

No investment advice intended - not sure when the interview will be available to the public as the event was subscriber only.

I saw this RNS from Ariana who are appearing at the online investor show on Saturday - It is stated Xtract are also appearing so one assumes it will be Colin Bird - so anyone wanting to ask questions should be able to do so on Saturday.

'The Conference will be taking place at www.sharesconference.com and Ariana Resources' Managing Director, Dr. Kerim Sener and Chairman, Michael de Villiers, will be presenting and answering investors' questions from 13:00 to 15:00 in the chat room, and look forward to speaking to existing and prospective investors. '

No sign of the proposed interview being touted last week nor the new presentation

There is continued churn of the 7.7m 2.75p placing shares currently, when this clears will they need to get the share price up above 5.5p to convert warrants and 10p for more than 5 days so Riverfort can be issued with 4.5m shares to cover their loan of £340k or AST can pay back 50% in cash then less shares to Riverfort.

The above is another reason why the puff and wind will continue and why I believe the shares will rise from current levels in due course, it is also interesting that a number of retail brokers are still sell only in Ascent, that includes HSBC, not sure how long this will remain in place but must be detrimental to the share price.

Another Bird interview for BZT about the Zambia project - he is clearly upbeat, he is also locked in South Africa - that is where the Hard Rock partners are based of course.

The (Sanderson?) selling has stopped over at BZT, shares have risen 50% in the last few sessions.

https://www.youtube.com/watch?v=-U_GIpP4c6w&feature=emb_logo

So the CEO believes the Senala licence in Senegal should be valued at £15m comparing it to peer valuations.

They are also pursuing $1m through the Turkish courts.

Oriole is only valued at around £3m currently

The issue is no-one gives a fig about the historic shareholders, myself included, many of whom have been wiped out or sitting on losses of 80%+ my average is 40p some have averages of £1.50p

When AST was trading at 2p+ before consolidation the company was valued at £44m, even when the share price fell to .90p, just before the Strategic Review, the company was valued at £20m - therein lies the problem, we all bought in and were happy to do so on the strength of the Slovenian assets.

Ascent is now valued at £2m, not £44m, it will not take much to get the market value to £4m or even £6m on a bit of puff and wind - the new BOD need to focus on restoring value in Slovenia plain and simple, no more farcical placings to pursue pipe dreams.

I have not given up hope of seeing a fair slug of money back, can AST get to 20p (£11m m/cap) or 30p, it's possible and not demanding provided they stop diluting.

I believe buyers at current levels will profit, be it on trading or holding on a mid term view.

All IMO of course.

It is clear Bird is very bullish on Zambia, recently Galileo who also has interests in Zambia have risen 50% from recent lows , he also mentions Bezant are still awaiting the listing of MMIH Group on the Singapore Exchange. If that completes BZT can monetize their £5m+ in shares or at least it will give a mark to market value.

Can see continued upside here now the seller seems to have cleared.

https://audioboom.com/posts/7566823-bezant-resources-pires-investments-and-alan-green-on-3-stocks

Whilst D4E is not desired by some (or maybe not even necessary) if it happens at least we are assured of seeing something of our cash back as the company will retain their Stock Exchange listing.

I am still staggered that the update continued to use the wording.... 'whilst there can be no guarantee an agreement can be reached' Why on earth not, what are they demanding ?

I feel a more independent BOD would fight the fight against these debt holders, why not seek cheaper alternative finance for example and pay off these expensive facilities or maybe someone out there would like to make an offer for the company, stranger things have happened.

I think we are all getting frustrated, not only is our money at risk/locked up we are also almost certainly losing capital appreciation as nearly every gold producer share price has doubled/trebled in the last 6 months or so.

As minorities do we really have no say in the process or as an action group do we ?

It is pretty clear a seller has been responsible for the drop from .16p and potentially .21p depending on when it was known the stock was going to hit the market.

Looks like buyers are returning sensing a opportunity to get in near the bottom, I think this could outperform depending on news-flow, happy I topped up recently.

Yes and in the meantime they continue to add penal interest onto the company (and ultimately the minorities) via the Mezzanine Finance facility.

This matter cannot continue to linger indefinitely, there must be a way to get resolution.