Member Info for Jackbal

Colin, that’s what’s going on.

-Pushing out timelines for Manica payment In full

-getting as much cash into 3rd party hands as quickly as he possibly can

-doing extra JV’s nobody really wants

-doing nothing much with the existing JV’s

-not reporting on drilling hiding behind “meaningful” statement

-not declaring what he is spending on the drilling he isn’t reporting on

-contradicting his statements to market. Over at TIR he doesn’t see value investing in small mineral plays but at XTR he can’t get enough of it

-refusing to support his share price

-treating. Xtr funds like a piggy bank

There’s plenty more but I’m boring myself and ofhers now.

“Colin” “CRUSTY FLICKIN COLIN” that’s what’s going on…..

Cheers Liam

Hi Liam,

Technically im a Luddite, has the cross been confirmed yet?

Zap what are you suggesting the “doom crew” are “disrupting”

That term disrupting doesn’t sit well.

All that’s being disrupted is Colin’s BS narrative otherwise known as pointing out uncomfortable truths.

You just seem like your on the inside when you use “disrupting”

Bob the basket has a hole in if loan terms are not being properly disclosed.

The market doesn’t like uncertainty so is not going to put value on deals where the terms are uncertain.

Spreading this type of risk doesn’t help as there is no value without “values” to determine

Ref. Chilibwe rns

How much is he lending?

How much drilling?

What valuation do the loans convert into equity at?

How is the market expected to be positive without knowing these things?

It’s not the fact he’s “doing deals” it’s the nature of the deals and the lack of transparency on the deals.

If you don’t understand why the rns are not sufficient then you prob don’t see the issue with him “doing deals”

Feel scammed. Very angry that the money is being moved out of the business in such a clandestine manner.

He doesn’t want a cash pile building because that would be enough motivation for someone, somewhere to remove him

(Seem to remember holders of ormonde getting rid of board because they didn’t want to see the cash pile frittered).

I honestly think he knows if the cash builds it will motivate action against him.

What other reason is there for consistently doing opaque deals which nobody wants?

Chuck an accelerant on this little flame of positivity Newlands.

Be nice if the illumina tie up is the starter with azn update for main and Japanese JV for desert. 2 courses would prob do me

Common sense?

Like the common sense not to pay yourself a bonus when all your backers have been almost wiped out ?

Or the common sense to back your own words and plans with own money when your SP is rock bottom

Or the common sense when making loans to declare how much your lending and the terms?

It’s not about common sense Zap.

Can’t you see how the agreement was firmly worded when seeking shareholder approval and once that approval granted became complicated?

Common sense doesn’t come into it where Bird is concerned imo. He might masquerade behind “common sense” when it suits but it’s completely inconsistent and lacks credibility.

Rant over and apologies but let’s not get carried away with Colin’s “common sense”

Cheers Ben, glad I’m not only who sees it black n white.

Which is after all the entire point of contracts in general is it not?

Contract leaving us open to risk - we are stuck with it - no compromise, forced to sell on a price plan.

Contract leaving them open to more risk - re negotiated to give them more time.

It begs the question of what is the point of having a contract?

The initial one didn’t protect holders hence the sale of asset, the “sale” contract now not being upheld for benefit or xtr holders.

What is compensating xtr holders for the moving goalposts? (moving away from xtr benefit)

When the contract is weak he folds and sells out. When the contract is in favour of xtr he allows it to be ignored

I do understand why the market values this at much less than cash/cash owed.

We can’t even really make an educated guess on cash position as we don’t even know what he has lent to Chilibwe JV.

250k?/500k? - 1 million?

We haven’t got a clue because he didn’t think holders should know how much he was lending or what the re-payment terms are….

The rns is there for all to see - clearly not a positive as it kicks the can even further down the road.

Nothing much will surprise me as I’ve already accepted the fact this business is being run for the benefit of EVERYONE else (Colin, Bod, African loanees, nomad, broker, cooper lemon, African dump waste merchants)

EXCEPT Ordinary xtr holders. I wonder how he plans to squander the 750k due next week?

Agree Gixer.

A better man would have re-invested some of that bonus into xtr stock at huge discount to forward cash value

An even better man wouldn’t have even considered paying himself a bonus in the circumstances.

He should be made to put it back or walk

(In the real world outside of AIM daylight robbery)

From Jan 2024

“We are delighted that Eisai is utilising our new HER2 assay for this study and believe that a successful pilot study will lead the way to major expansion of this line of our business going forward."

How long does it take to report back on a pilot study?

Fevertree - that’s why I’m staring to think he will try and combine some form of commercial update alongside a raise.

If he can demonstrate “some” progress with a major he should be able to get “some” money.

All a question of degree and merely a theory on my part as i can’t understand why we have had no update in over 12 months re the Japanese.

If he put out something half positive commercially price would react and he could dilute at better price.

We should find out before long

Was Bird responsible for agreeing that poorly worded contract?

If he was it makes his self awarded bonus for selling it astonishing

Fair also to make point that perhaps he had no choice because of the deal structure.

But who was in charge when that structure was agreed in first place?

(I don’t know if it was down to Bird)

Obvs wasn’t a well contracted enough deal to protect xtr holders interests properly

Ntm on that note I would add that in this analogy Dog is really very old - harder for it to to turn puppy.

And then it has five different owners to repeat the same trick for