Member Info for JDAU

…I’ll probably not hang around for the co-ordinated attack on anyone who dares to speak positively about the company they are invested in.

Any calculations to back up your statement of it being overpriced lucky?

In complete opposition to your seemingly unjustified viewpoint I’d argue the company is extremely underpriced right now.

The company is well funded for the next few years due to Mr Bird monetising the Manica asset, there are multiple projects progressing well and income streams being set up (I.e Antimony project & Silverking) - multiple positive pipelines of news and arguably no negative news for quite some time.

You can’t just say what you like opposing every part of regulated news flow and company comms without any kind of reasoning or justification.

Well, actually, you can, but it doesn’t make you seem like you know what you’re talking about and sure as eggs is eggs makes it looks like you have an agenda here to promote a negative view of any positive steps the company is making…as seems to be the case with multiple posters here.

“There you go again casting aspersions about dishonesty against anyone who has a different viewpoint.”

I can accept someone having a different opinion, but stating something that is clearly and easily proven as incorrect is either an error or a lie, not a ‘different opinion’ that is just as reasonable to state as any other.

If you tell me 2 + 2 = 5 what do you expect me to say?

You’re entitled to your own opinion and it holds equal merit?

The share price barely moved, you stated it tanked after the interview, that was a completely false statement. End of.

You were either just plain wrong or being dishonest, pick a lane.

No need to apologise LW, just thought I’d provide that note/info as it had already been covered in an RNS and I figured you might’ve missed it.

LittleWing - just a quick note on point 1. - we don’t have to “assume” that happens/has happened.

This has been detailed in an RNS:

“As announced on 3 April 2024, Xtract entered an initial 18-month option period to acquire a 51% interest in the project, contingent upon fulfilling expenditure commitments of US$500,000. With the completion of the current phase of drilling that expenditure threshold has now been reached.”

Reference: https://www.lse.co.uk/rns/XTR/silverking-project-update-2vphde02510ilc5.html

3cardbrag, there’s nothing sycophantic about holding posters to account for spreading inaccuracies and misinformation. You completely misrepresented what was said in the podcast and then went on to say - and I quote - “Bird does Roast and SP tanks”

Meanwhile the share price remained pretty much static.

Jackbal, Colin categorically DOES remove any ambiguity so I’d suggest the problem lies with your understanding, not with the explanation.

Perhaps the following will help bring clarity.

“Xtract entered an initial 18-month option period to acquire a 51% interest in the project, contingent upon fulfilling expenditure commitments of US$500,000. Xtract has the option to increase its interest to 70% by expending an additional US$1,000,000 over the subsequent two years, 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.

Should an inferred resource in excess of 300,000 tonnes of contained copper be identified, Xtract’s beneficial interest shall remain at 70%, or if different, its respective interest at the date of the resource estimate. If an inferred resource of greater than 500,000 tonnes of contained copper is reported, then any subsequent sale of the project to a third-party will result in an equal share of the disposal proceeds between the parties, excluding the cost of the resource discovery.”

Reference: https://xtractresources.com/projects-operations/silverking-copper-project/

“Not surprising when yet again he pushes his dream of a copper breakthrough back another couple of years.”

- he didn’t do this, we are currently drilling/exploring multiple projects.

“Very disappointing to hear him banging on about Bushranger grades after all he did to big them up costing shareholders fortunes.”

- goes on to say that at $11,000 copper he has no doubt he’d have a queue at the door for Bushranger but doesn’t want to force a sale and not get true value for his shareholders.

…and regarding the SP “Tanking”

- it’s continuing to trade around the same price:

Roughly 0.7 on the bid / 0.8 on the ask, exactly as it was prior to the podcast.

The fact that post has several ‘recommends’ says a lot.

A unfounded, inaccurate and dishonest post 3cardbrag.

Colin explains and clears up any confusion around 7 min 30.

Read the RNS’s, I’m not going to waste my time providing information that is already readily available in the public domain for you to suddenly change the goalposts and act like you haven’t just been proven wrong.

If I believed you were a legitimate investor here I would happily help you out…. but I don’t.

Calling me divisive for calling out nonsense posts when I see them and providing clear information to the contrary of the trash posted on this bb with the links to where I got said information from is an interesting view…

I also don’t remember calling anyone thick.

Sure seems like you’re trying to paint me as someone I’m not with a view to attempting to discredit my persona here Jez.

Ad Hominem seems to be creeping back in because it’s easier than having a structured debate from an easily disprovable standpoint. No surprises there - I’m becoming quite accustomed to it.

“Your positivity here was rekindled when you bought back in.”

Not sure what you think you know about my investment decisions Jezzoo but I don’t believe I was ever “out”.

Still, don’t let the facts get in the way of the story you’re trying to tell…

Completely disagree with your view Jezzoo.

Multiple projects advancing at pace as detailed in the RNS’s / company website.

Ok Irish.

If you intend take a more serious approach to discussing the company news releases then I’m all ears.

That doesn’t appear to be the case, so respectfully, I’m going to end the conversation here.

Irish I can’t tell if you’re being serious.

You seem to have a problem with me providing information about the company and our operations when people clearly can’t find that information themselves.

Why is that?

What am I trying to do?

Provide a little bit of clarity on information the company has already provided when people seem to think they haven’t been told enough about the project?

Jees… you caught me.

Irish, when people are seemingly confused/asking questions I’m not sure that me posting relevant excerpts from company documentation with links so readers can see where I’m getting my information from counts as “spin”.

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

The answer to your question has already been covered by the company:

“The small-scale development will continue during the exploration phase and will be replaced or may run concurrently if the potential for a larger more sophisticated processing plant is identified.”

Ref: https://xtractresources.com/projects-operations/wildstone-joint-venture/

“Xtract's Moroccan partners in Wildstone have elected to grant the balance of 30% equity which provides Xtract with its maximum interest of 80% ahead of completion of the required aggregated expenditure”

Ref: https://www.lse.co.uk/rns/XTR/increase-in-shareholding-in-wildstone-sarl-wpug6w8p20453o9.html

It’s not a pointless RNS though is it, it’s an RNS stating that we haven’t yet spent the capital (over the following 3 years from date of signing) that was a required condition of us gaining increased equity % yet have been granted said equity due to confidence in what XTR are doing/have planned.

“On 24 February 2025, Xtract entered into an exclusive collaboration agreement with Wildstone. Xtract acquired an initial 50% interest for an initial cash payment of US$500,000 and has the option to acquire an additional 30% by phased payments of US$900,000 over the next three years with the aim of defining one, or more, JORC resources.

The parties anticipate that within 6 months of signing the agreement small scale mining will commence that will utilise Wildstone’s own contractors. Capital funding for the small-scale development of US$200,000 will be provided by Xtract which will recover the initial capital by being paid 75% of free cashflow. Xtract shall be responsible for all small-scale development mining funding until such time as the operation is demonstrating a surplus income over expenditures (including sustaining and maintenance capital). On full capital repayment, Xtract will be entitled to 60% of all profits.

The small-scale development will continue during the exploration phase and will be replaced or may run concurrently if the potential for a larger more sophisticated processing plant is identified.

For the purposes of defining potential for a larger scale development, the criteria to be used is not less than 5 years mine life at a minimum annual throughput of 150,000 tonnes, with a DCF model demonstrating a payback of not more than 18 months and a return on investment not less than 20%.

Xtract will be expected to fund 100% of the larger scale development, anticipated to be US$1million on the plant design, construction, implementation and commissioning. On commencement of production, Xtract will receive 60% of cashflow for capital recovery, the remainder being shared 70% to Xtract and 30% to the existing shareholders in Wildstone. This arrangement will continue for 18 months, or until the capital is fully repaid, whichever is the shorter. After the completion of the 18-month period, the profits will be shared 80% to Xtract and 20% to the existing shareholders.”

Ref: https://xtractresources.com/projects-operations/wildstone-joint-venture/

Not really sure what you guys are on about… it looks to me like the project timescales and operations have been clearly defined by the company.