Member Info for JDAU

Copper up over 10%… interesting times indeed.

“Time is money so the “when” is important. It looks murky to me, maybe you can provide a clearer outlook?” - you’re right Jackbal, maybe I could, but as you say, time is money - I don’t have the time (or the desire) to summarise my workings for your benefit or to argue my findings with people who don’t want to hear about positive progress within the company/projects. I will however continue to point out inaccuracies in others posts and provide evidence to prove what is incorrectly stated as wrong.

If I were to give you my ‘inside scoop’ I have no doubt I’d predictably be accused of ‘ramping’ instead of met with a reasonable debate anyway, as has happened in the past.

I’m not ‘moving the goalposts’ Jez.

I’m trying to make the point that personal share transactions cannot be the barometer from which a company’s progress is measured.

From where we are today, looking forward: I see I well funded company with several projects on the go providing a likely source for multiple news pipelines which are likely to positively influence the share price.

Sorry Jackbal, I’m not sure why you seem to take issue with me offering freely a piece of advice surrounding defamation law, which is that writing defamatory statements in a public forum (such as this) would arguably constitute ‘publication or communication of that (defamatory) statement to a third person’.

“ If somebody bought on the last spike on 6th May they would be 33% down today so it's not just LTH's that are under water.”

So in this hypothetical situation are you suggesting it’s the company’s fault that someone's investment was timed poorly and got caught on a spike?

If someone had bought the low 4 months ago at around 0.5pps they’d be over 50% up. - Does this suddenly mean the company is doing really well?

Interesting how the timing of one’s own investment can influence perspective.

Again, because it clearly isn’t sinking in: the progress that the company is making cannot be measured by a singular, or even a handful of investors timeline of their purchase(s).

It’s not cherry picking Jez, it’s the reality of where we currently are with operations, there’s lots of progress and we have multiple exciting projects on the go, the market seems to agree which is why we’re up in the last 6 months, not down.

“you now own something completely different to your purchase” - yes that tends to happen when one invests in a mining & exploration company.

“don’t make threats of defamation on behalf of others to silence people.” - I didn’t threaten anyone though, did I?

I offered a warning that comments on a public forum could be permissible in a defamation/libel case so it’s wise to be careful with how far one lets their emotions take them when posting.

“Pathetic attempt at trying to control the narrative”

Oh the irony isn’t lost on me with that one… and you’re right Jackbal, i am annoyed by other posters narratives - when i can clearly see professionally written, legally binding RNS’s stating what is happening and then an anonymous bb poster states something different (with no evidence), believe it or not, I do take issue with that. It does indeed annoy me that when I call out inaccuracies whilst providing evidence to back my perspective instead of a reasonable debate with evidence to the contrary I get accused of working for the company or indeed just being CB as though that somehow discredits my view. A frankly bizarre ad hominem attack at best.

It often feels like I’m writing a university paper and then having several toddlers screaming “wrong” at me whilst scribbling their own gibberish in crayon and expecting me to take them seriously.

“I would say it's fair to say it's been raining for a while, it's also fair to say the forecast is looking better but it's not time to get the suncream out just yet.“

Except it hasn’t been ‘raining for a while’ has it Jez, we’re up 60% in the last 6 months - you’re just still wet from yesterday.

At risk of repeating myself: Appreciate that (your view) may be to do with your buy in point being frustratingly higher than the current SP, but in fairness, the progress that the company is making cannot be measured by a singular, or even a handful of investors timeline of their purchase(s).

You don’t know what’s going on with our project?

Here you go: https://www.lse.co.uk/rns/XTR/western-foreland-exploration-update-gs2670kv37hdgs4.html

https://xtractresources.com/projects-operations/western-foreland-copper-project/

…and if I can offer a word of warning lucky, calling the CEO a liar on a public bulletin board could land you in some hot water re defamation/libel

True lucky, but my point is: you might decide not to bother going outside at all…

“Nothing that's said on these bulletin boards will have much effect on the SP.” - completely disagree with this.

Any reader who doesn’t know the company well enough who stops by the bb to get a feel for sentiment could be wrongfully convinced that operations are not going anywhere and the projects are all going nowhere - the reality is there’s a high level of progress on multiple fronts including desk work and drilling across multiple projects which will produce material results.

If multiple posters are wrongfully representing operations then that absolutely could have an effect on a reader/potential investor who doesn’t know the company well enough to know that what they’re reading is utter nonsense designed to spread fear / doubt / negative sentiment.

If you walked into a room not knowing what the weather was like outside and saw lots of wet people talking about how rainy it is today, you’d probably think it was raining, wouldn’t you?

Sure is curious how much effort you lot are putting into talking negatively about the company and its operations on a daily basis.

Even more curious that there are large buys taking place at arguably bargain prices.

No way the two are connected though, right guys?

Do you have any other material? I’m bored of those being regurgitated… “Quick, he’s making good points that are hard to debate against when we want a negative rhetoric dominating the board, try to discredit him, maybe suggest he works for the company again? That usually works…”

Once again, Ad Hominem in place of debate, play the ball not the man, Montyfino.

I don’t work for XTR, I do however own a decent percentage of the company and don’t particularly enjoy having our projects talked down by those who’s intellectual understanding of our company, mining and mine development is comparable to a me trying to explain the composition of a painting to a 6 year old who’s decided they don’t care about discussion and instead want to show me and anyone else who’ll pay them attention a scrappy crayon drawing whilst telling everyone they know better because they’re a master of art.

Seems like you’re living in denial of operational progress Gixxer…

“… during the early part of the year the Company carried out further detailed pre‑concentration test work, the results of which were very encouraging. A subsequent reworking of the financial model suggested that the project will be viable at a significantly lower copper price per tonne, somewhere in the region of US$10,000. The value added by this study demonstrated to the Board that Bushranger will undoubtedly play a role in global copper production in the future. Ore sorting is likely to drive project economics primarily as the process facilitates and encourages a smaller processing plant footprint, less tailing dam capacity and therefore a major impact on mine‑infrastructure.

The Company is constantly examining routes to monetise Bushranger, given that its location and the size of the resource, its' overall potential, position it well for the next generation of copper mines.”

Ref: https://www.lse.co.uk/rns/XTR/final-results-acnq1w4iw7dvyx0.html

You seem to be completely ignoring the years of development we did on the project, you know, the 35,000m of drilling we did where we mapped out and hugely increased the resource…?

What about the new discovery we made - “new mineralised porphyry system named the Ascot Prospect was discovered 1km to the south of Racecourse, and Phase 2 drilling helped define a maiden mineral resource..”

Or the “Scoping Study level metallurgical test work programme yielded encouraging copper recovery results generally running at 89-90% for the copper-gold mineralisation from the Racecourse Mineral Resource, producing a copper concentrate averaging 20% copper and silver at payable levels above 30g/t Au.”

Let alone the desktop work / financial modelling…

Ref: https://xtractresources.com/projects-operations/bushranger-copper-gold-project/

That work developing a project doesn’t happen for free and carries an obvious value in terms of pushing the project forward closer to monetisation, you’re suggestion that it might be “worth 3m”, which - unless you’d care to share your workings - seems to be a figure picked out of thin air(?).

Your suggestion doesn’t seem particularly based on any knowledge of the prospect, its development curve, or indeed ability to even vaguely perceive the value of a mining project.

No, in this hypothetical situation he’d probably tell you that you have no concept whatsoever about the valuation of a mining project and tell you to stop wasting his time.

Apologies Jez, I must’ve missed your response, appreciate you taking the time to write one though so I’ll have a read back through and find it.

Regarding “Play the ball (/game), not the man”, yes that is effectively what ad hominem refers to. It’d be good if some of the bb’s posters took that on board when posting here.

Re you writing:

“We are all at the mercy of CB, it’s just some of us don’t feel the need to only see the positive possibilities in order to preserve our investment, instead we are frank and candid about the realities of our predicament.”

I don’t think it’s a “need to only see the positive possibilities”, I just see the progress being made on multiple projects and don’t see it as inconceivable that said progress could result in an increase in the share price / company valuation.

I find it interesting that you’d call being invested in a well funded company, with multiple (imo exciting) projects being developed and multiple possible pipelines of news flow “a predicament” rather than “an opportunity”.

Appreciate that may be to do with your buy in point being frustratingly higher than the current SP, but in fairness, the progress that the company is making cannot be measured by a singular, or even a handful of investors timeline of their purchase(s). No matter how bitter (even if it’s arguably justified as we’ve already discussed) some holders might feel towards this company or its board, real progress is being made. As we discussed before, someone who bought in 6 months ago might be 50%+ up right now and will have a totally different experience / view on CB, the company and its ability to deliver.

The company should be measured on its merits and at the moment, I see an opportunity to make money - from this point - by looking forward to the exciting projects we have on the table.

To each their own though…

I’ll just leave this here….

“Ad hominem (Latin for 'to the person'), short for argumentum ad hominem, refers to several types of arguments where the speaker attacks the character, motive, or some other attribute of the person making an argument rather than the substance of the argument itself. This avoids genuine debate by creating a diversion…”

Ref: https://en.m.wikipedia.org/wiki/Ad_hominem

Lucky, with all due respect, I've posted 13 times in the last month (14 including this one) - I think saying that I've posted "a lot" is a bit of an exaggeration designed to try and discredit me so lets just get that straight for starters. For the record, you've had 15 posts on XTR in the same timeframe...

Several of my more recent posts have been because I'm sick and tired of reading the constant negative rhetoric and misrepresentation posted on the bb of a company I own a significant portion of, I'm happy to challenge poorly constructed arguments and debate assertions made by posters who frankly don't always know what they're talking about... the cynic in me says that sometimes this misrepresentation of the facts is deliberate in order to manipulate sentiment and indeed the price (but I should probably get my tin foil hat, right?).

You can check my posts here if there's any doubt: Ref: https://www.lse.co.uk/profiles/jdau/

Re mopping them up - who said anything about it being for a short-term trade?

I've been a shareholder here since before we acquired Manica, even my XTR posting history (which only seems to go back to H1 2018) can show you I've been invested in this company for the best part of a decade. With that in mind, let's not try and paint me as a short term day trader who'll say anything for a quick buck. I take genuine offence at that considering I've been one of the stalwart investors here for the best part of the last decade and have shared countless hours of my own work & research on the company with references for easy reading etc. Again, I'm noticing some attempts at misrepresentation going on...

If we can address it being a long term trade / short term trade / or even "being a LTH" - can I let you in on a little secret?

Every 'investor' is a trader, buying and selling shares over a different time frame doesn't make it any more or less honourable, the point of contention is the underhanded tactics some people/posters use in order to attempt to manipulate the price over the short term, for a short term trade.

I can safely say that I stand well away from that in the camp of structured arguments and support of the company long term ambitions, not in the camp of saying whatever I want with no evidence in order to influence the price so I get better entry/exit points, again anyone who needs evidence of that can read my post history.

Considering my main holding has seen a year-on-year accumulation of shares in XTR and I now own a significant chunk of the company I'm not sure why you try to paint me as a day trader who doesn't care about the projects unless that's simply a poor attempt to discredit my posts/arguments? You couldn't be much further from the truth and anyone who regularly reads the bb, or just took a few seconds to read my posting history can clearly see that you're talking nonsense.

If you meant no offence, perhaps in the future you should re-read what you've written before posting