Member Info for Jackbal

Interesting that white elephants turns up on his first post ever to blow smoke up Birds ass.

I note that not only does he spell co-incidentally wrong just like the person he pops up to defend he also drops his h, using as for has.

Now who else infamously drops his h like that???

Anyone expecting any value catalysts before end of 2025?

(Ones that xtr control - not commodity prices which they get no credit/Blame for)

*Finding itself in same position again”

(Not funding)

Jdau - hindsight a wonderful thing of course but how is moving from Gold producer into copper explorer more cautious ?

I understand that sale of asset included a bit of cash upfront to ease the immediate balance sheet but the company now has exactly same risk profile- if not even riskier imo as it’s swapped from Gold producer to copper/Antimony exploration

How is this “more” cautious in your opinion?

Keen to get other side view

Final thought - if he ends up on the horns of one of new JV’s he’s simply switched horns so what’s in place to prevent xtr funding itself in Same position again.

I would also suggest erring on side of caution doesn’t justify a cash bonus. Doesn’t seem like cautious attitude grabbing cash

Jez - where there’s votes there’s lies/agendas!

Initially I took view that a ceo with Colin as chairman will likely be a yes man because I doubted an effective CEO would attach himself to xtr and a yes man just add more costs for no benefit ..

Now I agree with you because even if a new CEO isn’t the answer the current set up has record low credibility and isn’t attractive to majority of market (evidence is trading volume).

The pace of progress is off putting and just sails the company close to a low price dilution so something needs to change.

Colin not going anywhere so other than a full time CEO there’s not much else to suggest.

When you see cash at under 1 million and think about how much has been spent already in n return for no value you know the manger isn’t buying it. Literally

For balance I agree that mcap should be too low at 7 million but rather than just look at the number I have to ask why. “because of Colin, not in spite of Colin”

If funds weren’t spent on committing to chili/heaps/Morocco is it reasonable to think SK and NW Zambia could have been progressed more acceptably up the value chain?

If that’s not a reasonable thought why not?

Jdau - my response if we are having a debate Is that you can always isolate positives in an agenda/policy/nvestment.

(Not saying you have an agenda but Colin’s agenda is not aligned with shareholders)

For an example - not all illegal immigrants are bad but that doesn’t mean illegal immigration is positive overall.

In fact his efforts around Chilibwe and waste heaps remind me of the one in one out scheme. Distractive attempt to appease the disgruntled. Pretending to be pro-active but in reality re-active. Rolling with the punches.

A more simplistic view of mine is that any market capitalisation below 15-18 million (Cash value of assets sold) is “bad”. Colin paying himself cash bonus for failing holder is “bad” and abject failure from Bod. Awarding himself options at 1.3p which is below 15-18 million is “bad”

Some of the grades are “good” but if the market has no confidence in the people developing those grades then the assets won’t show fair value let alone higher values.

In my opinion the whole investment case is lacking in credibility due to the reputation and continued modus operandi of those calling the shots and paying themselves handsomely.

Why am I here then? (Reasonable q)

I bought a spread of small gold producers few years back. Literally a couple of months after my first purchases Manica was sold.

Xtr mcap was around 10 mill - so I held because Manica was sold for 15-18 million.

Got up to 2 million shares with sub1p avg and had 2p target. Changed my target to 1p after I saw waste heaps, chilibwe and 1.3p options for Colin.

Managed to sell around two thirds of my 2 million around 1p after first SK spike,

Still stuck with around 600k shares I want to dump at 1p.

My comments may be unpopular with anyone heavily underwater/frustrated but they are sincere and not intended to upset people - just to call Colin out

Jdau I’m referring to Ore in dumps and Chilibwe. If I am honest I would say, have said and did say at the time these are not good for the SP…

I stand by it more than ever now on the evidence of the interim report showing waste not even tested yet and chilibwe in litigation and no progress.

Just making my point - don’t want to argue with people just want an honest debate of facts and the widely held view he is moving way too slowly and not reporting back enough data of value.

Oh and not forgetting a cash bonus for himself inexplicably

JDAU there would less complaint from me if it was the cash was being spent purely on exploration.

Seems Colin wanted to dip everyones toes in litigation plays and waste purchasing

Billy You most certainly did - spot on so far.

It really irks me that a “colourful” character such as Colin is legally allowed to buy a pile of waste in remote Africa, using shareholder funds without prior consent on the basis that “subject to testing” the waste might be economic.

Wide open for abuse if you can basically go round spending hundreds of thousands on waste that has no definite value…

Think about asset stripping/cash stripping..

“Colin what happened to that pile of sh@te you bought couple of years ago”

“Oh that old thing, yeah we tested it - sadly not economic. Don’t blame me I did say it needed testing”

It’s nonsense when you think about it - the very bare minimum requirement (if you have insist on doing these things) should be that the waste being purchased has a benefit…

He sold Manica before present govt (govt lol) got elected.

Maybe that’s why it feels like a lot longer ago

How much value does Ascot provide to the SP? Vision???

Hate to state the obvious but Manica sold for an aggregate 15-18 million.

Including Ascot the value of the whole of XTR is 6-7 million.

That is not a positive 18 months after the liquidity event

Leadership and Vision?

Nah - cooper Lemon cronyism

Give it a rest Zap - been a shatshow for far too long already and still is.

Genuinely struggling to understand where a catalyst/price driver that the board control sits…

Commodity prices could and will rise - thank goodness that’s out of bod control…

Zap I just don’t know what to say to that!

Agree Geopolitics definitely a concern for all business but heavily disagree about capital preservation.

Chilibwe?

Waste heaps?

Cash bonus?

Ntm (morning ntm) makes good point that conditions for junior explorers have been noticeably improving - many baggers recently and generally explorers seen to be warming up behind the producers..

It’s more likely to have stalled for some other reason (poorly written contract, bit off way more than he can chew, not enough hours in an octogenarian’s day or my favourite bet - didn’t have enough cash after spends on chilibwe, waste heaps and antimony jaunts) JV, bit imO. That’s if it has because as usual we don’t really know anything…

Hello jez,

Because of his age, number of projects on board and the numerous other listed companies he is responsible for I lean towards the theory of Occam’s razor:

Just not much price sensitive stuff occurring

But it’s just not attractive to a gambler or investor when those in charge allude to excitement 2 years ago, drilling 1 year ago and then revert back to claims about reconnaissance.

If anything it gives impression of stalling/going backwards. Normally I’d expect ceo to explain what’s going on and get a wiggle on - here I just expect flowery words of good intentions and vague references to timescales.

It’s not even specific to xtr -I read similar criticisms of him across all his listed co’s.

If he’s not been booted out by now he never will - he prob knows it too

Agree Zap more quality and greater quantity of data required to get market attention Bloody hell - more than 2 years ago now (aug 23) bird says re NW Zambia:

“ We are very excited about the prospects for the joint venture and look forward to updating the market on exploration activities."

Yeah it’s been such an exciting couple of years Colin - you must be bursting with things to tell the market?

Right?

A year ago he was planning Drills!

Therein lies the problem - nobody believes his statements for good reason.

Are we to assume there are issues we haven’t been told about? Or are we to assume it all rosy?

Either way it’s not good enough because facts should be known but again the xtr gambier is left to guess or assume..

Word on the street is a big yellow bird is going to swoop…

Sesame Street analysts rate the stock a basket case

Lack of volume today on that rns - not even 3k’s worth bought since rns released.

Nothing burger rns again- noble intentions with no timetable…

No meaningful data to judge this on and can’t see the market get excited about an MRE which is “for internal purposes “ and won’t meet level of independent criteria.

Keep up the good work Colin - market loving it

Thanks Zap - why put this in most recent SK rns ?

“subject to Cooperlemon's right to maintain its interest in the licence through its option to earn back up to 70% by participating in such ongoing expenditure.”

It’s not that I’m holding tight to it - it’s my belief that the rns is actually correct and Bird being slippery again on verbals.

“

Those wanting to know definite %’s don’t require spoon feeding - just facts that don’t contradict themselves.

50 or 70?