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oh billy i think you are mistaking ‘those’posters that pop up whenever cb gets ****ged off with regular contributors. after all there isn’t a day that goes by……. thing is, you should see what it feels like when you try and post something positive about cb 😉

With a more recent rather cynical suggestion from an un named poster that CB’s arguable large pay rise over at XTR was in the same ball park as his options total for his latest raise here.

Hugely speculative of course, but it does show some ability of how he can rob Peter to pay Paul.

It depends how you look at it, it will not be in CB’s best interest to r@pe one of his own companies of it’s an assets and allow that company to flounder. It may be at a detriment to shareholders but could ultimately give that lifeline ‘if needed’ that simply wouldn’t exist if were a standalone facing years of project stagnation where having no credible value added through project development inactivity will attract any take up of fund raising, even if it wanted to.

We have seen support across group level in a loan from GLR to XTR for £48k reported in XTR full report. With a more recent

All assets across the group of companies are managed individually with the right people in place with the necessary skill sets. Is highly unlikely CB has any day to day operational involvement of the various companies.

Having a group of companies, may seem excessive but gives those companies a lifeline for critical financial support when other options are depleted. There will be a certain strength at group level to keep the companies without a revenue ticking over so imo surviving the next couple of years should not be a concern.

blimey cruel, be careful in what you type, you really don’t want to be going down that road.

has ****phobic, ageist and racial overtones all in one.

🤐

Kwak > You have to look at the facts and see where this is going:

Ok let’s do just that!

Over the past 20 years, investors would have lost money in 72 per cent of all the companies ‘ever’ to have listed on Aim. With 49 Billion being wiped off company values on AIM in ‘21 alone due to the fallout from Covid. The resource sector was already in decline before then.

Exploration is probably the most risky sector of them all, where you can lose a lot if not all of your money as a result of projects failing geologically, or financially in some way or other.

Picking that winner is as rare as rocking horse 5hit!

Most fledgling or juniors in our sector rely a couple, if not only ‘one’ project to hang their hope on, having no form of income and having to rely solely on fund raising from the market, not only to pay for exploration but just keeping the lights on, month on month, year on year. Many of these are considered lifestyle companies.

Xtract at least, is not only diversified in the sizes of its exploration projects and in safe jurisdictions, but overall the company structure is well diversified being an exploration resource, development and a gold producing mining company.

There are no guarantees looking ahead, but there is a notable distinction about this current economic cycle. In previous recessionary cycles, there have typically been sizeable inventory buildups and an overabundance of supply. However, during this cycle, physical inventories across the metals sector, particularly copper, have remained constrained, caused by production headwinds.

When the sector finally turns, and it will. Compared to its peers, this company should be far better positioned to be able to attract new investors when buying returns.

Kwadoku once told us we should ‘ignore the fundamentals,’ that’s the craziest fact of all.

Interesting, the company have tweaked its business model and strategy on the website, maybe now reflecting its ‘ability’ to set its targets for acquisition higher, the result of the increased revenue from Fairbride you would think.

There is an ‘apparent’ difference in scale of the projects they seem to be now targeting.

Shifting from-

The company is examining a number of exciting opportunities in the ‘small’ copper and gold sector- June 22

The Company's aim is to identify ‘small’ deposits of 1-5 years production capability at a rate of about 50,000 tonnes per year. June ‘22

To now-

The company is focussed on identifying reasonably advanced resource projects, set in good mining jurisdictions and with economic projections suggestive of potential rates of return in excess of 25%.  The vision remains for ‘medium’ sized projects, with the potential for rapid up-scaling and longer-term prospectivity and growth.-From current website.

No idea when the website see an update, could have been a while now. No mention of small scale anymore, such as ponsing around with the likes of Chongwe et al

Cannot rule out a placement, particularly for a further BR exploration phase to increase shallow high grade material that they believe has the potential to significantly impact the economics. There are outlying targets they may want to follow up on stick some recon holes into, particularly the western lobe. Not overly expensive, perhaps a few million that’s needed up front, to have funds in place to cover the contractual obligations of a drill programme.

That outcome will be determined after the next round of optimisation.

So if needs must, they will require plenty ammunition to throw at a new PR drive later, which does benefit all shareholders if dropped in at a higher market cap.

Would be naive to believe that the company don’t need to raise money from the market again.

No the agreement hasn’t changed, costs are defined as production etc my point was mainly toward emphasising that the company needs to attract more serious investors with a longer term outlook, showing proven fully sustainable efficient operation and not just attract 1 day wonders. Fundamentals should be driving the share price but ultimately our investment is driven by good old fashioned supply and demand. If demand isn’t there across the whole resource sector then go figure. Hopefully it’s started turning. Didn’t mean to mislead but sometimes provocation is the best way to ‘spark’ lively debate.

Hi Ben think we all know how fickle this market is, so until a stable efficient operation can be shown directly through xtract’s share of profit it could be looked upon as falling short.

The reality being, that to produce an ounce of gold, they incur not only operating costs, but also spend on sustaining capital at the mine site and capital on exploration, in order to sustain the future supply of ore to the plant.

That is one factor that will keep AISC higher if new oxides can be found to feed existing plant longer and through when the deeper open pittable, higher grade sulphides can then be processed.

Any upgrades or even a new plant to eventually accept those higher grades will no doubt come from an extra injection of capital through whatever deal is structured and with whom.

So clearly, all drilling from grade control at mine face to exploratory to find new ore, is funded from revenue at source before xtracts 23% share of net profit is paid.

At present, it appears that further exploration has not commenced yet, with focus concentrating on supporting its partner in bringing costs down so exploratory drilling can then resume toward being a ‘fully’ sustainable mining operation.

Imo, that, will be when serious investors will be attracted and they should be shouting from the rooftop.

We are mopar boys danielabella, kind of an echolon society, but with more cubic inches!

>CEO’s go to radio silence when they don’t need your money anymore

Make it sound like a negative! That’s really not a bad thing right?

But in reality, just cannot see where any sustainable share price increase will come from through the promotion of Manica at present. Particularly leading up to the festive period on top of the lack of overall sector sentiment. They have clearly gone into care and maintenance until buying returns.

Until then what’s the point of wasting any half decent news to see any rise immediately fall back again, which would happen without a stream of news to sustain and build on?

As long as it’s not the suggestion they are going to return to deconstruct another one of their own jokes 🤷

Bless you da 😉

Meant …should be seeing…

Was only just up to supposed nameplate capacity by June so should see a further increase again in Q3 showing consistent max throughput throughout that next reported quarter. Did see an increase in head grade in Q2. So with the exception of any of that further anticipated increase from Q3, gains will naturally come at a smaller rate now that will be performance related through general operating and mill efficiency to improving recovery rates further. Naturally an improving gold price will help considerably too.

Agree A444, I wonder if Peter Hall too, has not sold any since late ‘21 when he held just under the TR1 threshold.

Surely cyb is not implying xtract are a sinking ship! . If to nit pick, that is not the best analogy considering the strong cash position the company are now in to advance its projects without ‘generally’ having to give any more of it away to do so. At just twice earnings against current market cap too I might add.

Some would even say ‘Marooned’

Got ‘High hopes’ for my ‘Money’ Ntm, in ‘Time’ the resource sector will be ‘Coming back to life’ soon hopefully then we can ‘Breath’ a sigh of relief. If not then might have ‘One of my turns’ and it’s ’Goodbye cruel world’.

‘Is there anybody out there’

Talents definitely wasted here! 😉