Member Info for Jackbal

Would also be wise to have avoided this share over the long period you have held it for.

That’s just your opinion on what is “wise”.

I don’t care how clever you want to pretend to be. You have already said you are a “stalwart” investor from pre-Manica days!

Triggers Broom - you now own something completely different to your purchase. Makes the DD you refer to pointless.

Fair enough you have a positive view and want to combat negative sentiment towards Colin and co. Good on you

But don’t make threats of defamation on behalf of others to silence people.

Some people feel like they have been almost mugged - or certainly mugged off and if somebody believes speaking out might prevent others from the same fate that’s not for you to judge either

How much drilling was done at Chilibwe?

How much was loaned for the drilling?

What price do the loans convert into chilibwe shares at?

The silliest thing imo isn’t the fact you probably Don’t know these things (like other Parri passu holders)

It’s the fact you don’t think it’s an issue that these things aren’t disclosed…

Let me guess JDAU, he hasn’t lied he’s just omitted necessary truths. You would mate a great politician.

He will do absolutely nothing!!

“People in glass houses shouldn’t throw stones”

Pathetic attempt at trying to control the narrative from someone who seems very irritated by other posters narratives.

If resolution 5 is blocked I think it would be good for following reasons:

1. Xtr has income so not going bust without dilution - let him realise holders expect value from sale of proceeds before giving equity to new participants.

2. Blocking the permission sends a strong message holders are not going to just let him do what he wants (remember cash bonus he paid himself - he needs to be checked)

3. He might treat cash with more respect and not spend so frivolously as he can’t just go to the AIM cash machine for more.

4. He will prob have to buy stock on market rather than through a placing and mop up some of his own mess with the cash bonus he paid himself.

We can all moan and vent as much as we want but the tools available to PI’s on AIM are very limited - however you can vote and although a good turn out might not even be enough to block the resolution Bird will know that there is real sentiment against him and not just BB chat…

This is why I was so vehemently anti dilution at the time.

It only super spiked from .07 (30% below nominal value) because bod were responsible for SP being obliterated by hyper inflation in shares outstanding.

Share count under Smeeton went from just over 800 million to just under 4 billion. A large chunk of that dilutive income was spent on non-value enhancing activity. What did they expect? They knew market wouldn’t react much to soil sampling and if they didn’t know they shouldn’t sit on the board of a listed exploration plc where they are responsible for Value to holders..

The fact the SP was at .07 was an indictment on them and their attitude towards dilution.

“You see that Ming vase I dropped and it smashed into smithereens? Can I have some credit for sellotaping it back together?”

Fair comments NTM.

Maybe he will buy in market and maybe he will get the 80odd millIon shares he seeks permission for away at better levels to bring in more cash.

Maybe copper price will break new highs too.

Apologies for my negativity, it’s sincere but obvs winding people up which isn’t my intention.

Surely any buying activity from Bird will be to participate in a fundraise?

Why buy through the market when he can see funds leave his personal account and go straight into his business account?

If they do a raise new broker gets his fees too.

Still Hoping I’m wrong but resolution 5 hard to ignore

If a circumstance arrives such as SK proving spectacular? Xtr could easily become relegated to minority partner in the event of such a success?

Takes the edge of the upside no?

Hawk - The chair did make a sizeable purchase of 170k and a few on market purchases on top but much of that stock ou refer has been awarded rather than purchased

I only have about 700k shs left as been selling around 1 but I’m with Billy and going to actually make the effort to vote against resolution 5.

I know my small holding won’t make much difference but out of principal I would like Colin to see some push back. Pretty much using XTR and the market as a piggy bank imo

Hawk nobody at Orr has put in 500k

Colin and Martyn if you read this please understand the way explorers were promoted 15/20 years ago are long gone. Punters are much wiser to AIM shenanigans and you have a very long track record of such,

If you really want to see XTR SP recover you need to give the keys to someone’s more dynamic and more credible. At the very least someone who hasn’t lost the trust of the market

MM’s no mugs - sticking the bid and just moving the offer spread to widen the net.

So he’s already going to need more for SK before he has put any value back in the SP.

He spends 500k Morocco, 300k waste heaps plus whatever was loaned for Chilibwe - fair guess he spent about a million in a hurry when many of us didn’t think it a good plan as it was obvious SK, NW Zambia and BR would need the cash and maybe more.

What’s really going on with NW Zambia licenses? Wouldn’t more time, focus and cash have been better spent on existing assets?

Now under Resolution 5 he wants permission to issue a bit over 170k worth of nominal value stock which is somewhere between 700k to 1.2 million if he raises between .8 or 1.2…

And people here talk of “common sense”!!

The market isn’t reacting because it seems raising more cash has been prioritised over spending existing cash wisely imvho

Resolution 5 - have a look if you can be ar@sed. I would like to see it blocked tbh but obvs it will get passed.

Some fair points raised as usual ntm.

“Damned if he does, Damned if he doesn’t”

Just like the boy who cried wolf?

Even the most bullish and philosophical holders don’t know precisely what’s going on. Why?

It couldn’t be that Colin is hedging and trying to sound positive without firmly committing to anything could it?

What happened to that 300k you spend on waste Colin? Not economic? How long does it take to test a pile of waste? Or are you just going to spend and not report back like you did with Chilibwe?

I accept the point that this is Colin’s company and nobody was forced to invest but it’s actually a plc and should be run like one. If Colin just wants his own domain with only himself to answer to he shouldn’t use other peoples money to do that

From same poorly written rns:

“Xtract will, whilst a 25% shareholder”

Or

“Xtract has elected to accelerate all such phased payments and has therefore acquired today an interest of 50% of the fully diluted equity of Wildstone for a cash consideration of US$500,000”

To me that’s confusing and contradictory

There’s more in same rns

“Small scale production is envisaged to commence within 9 months of the transaction closing”

Or

“The business will be progressed along traditional lines ie exploration into feasibility”

To me that’s confusing again because 9 months into small scale production is not following traditional lines (9 months is very quick - traditional lines are not quick)…

Maybe I’m just a cynical thicko but I just feel it’s waffle without accuracy

Why do they need joint broker at this time?

It’s always why? At xtr

Always murky.

Only 2 poss conclusions for me

1. He signs pretty poor JV’s and doesn’t disclose accurately or precisely because the detail is not attractive

2. He is completely incompetent in market matters and hasn’t reported the important stuff that drives value and values

Looking at it with even more common sense if an asset commands a significant value and you have the option to take back 70% after de-risking it’s not too hard to find a backer to share in the upside. Money is always available where value is obvious.

Why do they need an option to buy back up to 70% if it’s not how they operate or in line with their model???

Xtr’s “right” to move to 70% is a bit of a red herring if CL can literally trump them.

Without knowing the precise terms or costs involved with CL taking back 70% it’s just more Chilibwe esque uncertainty which is difficult to put value on..

For the record nothing against shard.

They have a business to run and provide very good service and prices on execution.