Member Info for Jackbal

Listened again and he def says at over 500k they go 50/50.

Must be me, I just don’t see how that’s consistent with rns.

I’ll take a time out on the naughty step

Thanks Jdau I will listen again.

Ntm the lack of momentum might be due to lack of clarity on %’s is my thinking

From 1st July 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.

I can’t discount the fact I’m just plain stupid because of how confusing the narrative is to me.

Glad you said that Lucky

Ntm good morning,

What’s your opinion on the JV %’s?

He says on podcast CL can go 50/50 at 500k contained copper

He states in RNS CL can claw back 70%

I don’t know what to believe, what do you reckon?

You just look like your hiding behind your comments because you don’t have a factual response.

Shame on you for playing the man not the ball.

Ad hominem? Lol

JDAU - please don’t go all Latin again. It’s just a joke amongst us thickos (I said weeks ago I might be just a cynical thicko)

If you can offer any specific catalysts or time frames into the investment case would make us look even stupider. Go on, nows your chance….

Yeah Jez me too. It’s all us Ficko’s that is the problem.

Ntm - enjoy swapping posts with you. Good to discuss with people who disagree in good faith and much we agree on too

Even more unfortunately people at xtr and invest without knowledge of the assets.

Some people here bought an oil explorer, some people bought a gold producer, some bought a copper explorer because Bird was going to tell Major to stick 10p

Very hard to understand time frames with frequently changing assets/plans

Ntm - I think that’s where our opinions differ.

Ordinarily I would agree the mcap is a joke.

6 million mcap

Vs

-1-1.5 mill cash (guess on my part)

-Bushranger(high leverage copper option)

-Silver King

-NW Zambia licenses near Ivanhoe

-Morocco Antimony

Plus all the funds owed which must be similar to the current mcap which would mean most of the assets in for free at this price.

Fundamentally there is a strong argument for mcap at least 10-15 million but the market is wise to Bird’s playbook.

Slow and incremental progress is just not enough to make this interesting because it exacerbates inbound dilution .

A whole 18 months on from sale of gold production asset there should be firm catalysts in sight happening already. 18 months on the market still lacks timelines. I really don’t think that’s acceptable. He doesn’t get a pass because he’s in his 80’s, if he can’t move things quicker at a company with no revenue he should hand over to someone who can (If there is anyone credible enough AND willing enough which I’m not sure there is/ Churchouse does not inspiration me on matters of change).

All xtr have is a mixed portfolio which will require more funding/dilution with no idea on timescales and resolution 5 in the background.

Fundamentally I get you NTM but sentimentally I believe that this sort of lame ass stock promotion is not good enough.

It might have worked in a low interest rate/ risk on environment but in this market value and values need to be more pronounced imO.

Apols : why state production within 9 months if professing along traditional lines?

We all know how slow and costly traditional lines are so I think it’s important from xtr perspective to provide clarity

Why did same rns claim 9 months into production AND production within 9 No uns subject to permission?

Why did same rns talk about xtr being a 50% holder “whilst a 25% holder “

Jdau - not trying to be confrontational to you. Let’s have fair debate of facts

Because he sags in the very same rns the business will be progressed along traditional lines, feasibility studies..

Which is it JDAU - traditional lines (long term) or production within 9 months?

It’s all in same rns, one of many rns contradictions

When activities and plans are not being reported sufficiently of accurately enough why should value attach itself?

Can you imagine a high risk tech firm seeking funding that offered no of guidance on timeframes for revenues and break even?

So why is it ok for an explorer to muddle on without proper timeframes?

If they build it they will come!

I used to think the above quote applied to AGL and then I realised that a business that reminds me of a man that built a stadium for ghosts might not be viable..

Thanks for confirming Jdau

Can’t be bothered to do semantics Jdau. Everyone that can read will draw their own conclusions from what you said.

Other than higher copper prices which apply to any explorer and are outside of bod Control or responsibility what are the specific catalysts here and when on these projects? Time is money so the “when” is important. It looks murky to me, maybe you can provide a clearer outlook?

Silver king? More drilling before any value can be determined?

Chliibwe?

Waste heaps?

Nw Zambia?

BR?

Granted there are plenty projects (imo too many) but where are the catalysts and time frames?

Bird says in final results rns an update is expected on Morocco In “next phase” This update will be from desk studies and reconnaissance. Do you disagree that market only ascribes value to drills? Or that early stage explo although necessary doesn’t move market caps?

Isn’t it reasonable that approx 18 months after Manica sale was permitted for people to expect dial moving news and timeframes?