Member Info for JDAU

Based on the following statement from the podcast (referenced) I’m very much expecting some further information/news on pipeline assets before I can be expected to vote on the matter at hand.

“… and I think over the next few weeks, we will make sure that the significance is well understood and taken on board on the importance of that NW Zambian couple of positions we’ve got…”

Ref approx 12:19-12:31: https://m.youtube.com/watch?v=DhOSp4gVb_0

Over to you Colin, you have until 10am on the 9th of Feb to convince us that selling the asset some of us have invested our hard earned and waited years to get into production just as it gets off the ground and efficiencies start being made for a sum of money in staged payments arguably similar to what we expected as a net profit share over the same time period is the right move.

I appreciate the want for control over an asset rather than being the silent partner, but I’d rather be a silent partner in an asset we can be relatively confident on making a good return on for the next several years than selling up to have majority control over an attempted discovery when most of our attempts so far have lead to our hard earned put into an asset we either write off or put on the back burner.

If it was $15m up front (tbh even at that price it seems like a steal considering the current production trend on site) that would sweeten the deal but staged payments?!

With how little i feel I currently know about the boards plan for the way forward I’d rather own the asset I know about and take staged payments from the current profit share agreement with the blue sky potential coming from further discovery in the licence as we put money earned back into the development of our existing, producing gold mine.

BR can stay on the back burner until it’s the right time to sell/further develop and our Zambian assets should be able to be developed from cash flow from an improving situation at Manica: better head grade/improved cost efficiencies/plant up to expected tonnage.

I don’t think I’m alone in my thoughts and at the moment, I wouldn’t say I’m convinced.

Your move CB.

XTR’s sp has been pushed down hard over the past few months, arguably too much based on current gold mining operations alone -(BR aside)- we’re simply rebounding on the way up to fairer value for what we have going on imo.

In fairness backtothesoil, there have been plenty of selling opportunities too.

Do I believe such an opportunity will present itself within a timescale I’m comfortable with?

Well considering my view is that the company is currently undervalued based on its Manica revenue stream, let alone the other irons we have in the fire, the answer to my previous question is yes.

If you’re always buying and never selling it’s awfully hard to make any money in this game.

Did I ruin the fun?

After a relatively busy morning there’s not been a single trade since my 350k buy… did notice I got a price quoted for my trade but it was “@ best” for even 100k shares after.

Sure looks like a lovely trading opportunity has presented itself.. I’ll bite.

Apologies that I'm a busy person and I only really make comments when there's something to comment on Lucky, how ridiculous of me.

"You are posting to try incourage a positive board and get a lift in the SP from new shareholders. All for your 10-20% trading." - again, I feel like you're not picking up what I'm putting down Lucky.

I hold a substantially larger holding than the amount I regularly trade with - my trading passes the time and ensures I make some money along with the ebbs and flows of the market, as I feel I've been pretty transparent about, meanwhile my larger holding will at some point in the future be sold when I feel there is fair value and I have something better to do with my money.

I'm not trying to trick anyone as you're insinuating lucky, I'm just stating facts.. XTR just announced earnings of circa £950k for Q2, our Mcap this morning was circa £9.5m, I made a statement that earning 10% of your mcap in one quarter is good going and I'm surprised it hasn't been better received by the market.

Did I buy some shares prior to todays lift when I perceived this to be undervalued based on what I was fairly sure was about to happen - yes

Will I sell said shares when I perceive there to be a more fair valuation of the company - also yes

How you're suggesting I'm trying to be sneaky and trick people into buying so I can make a trade is beyond me and to be honest, considering my transparency, yeah, I find it kind of insulting.

To be clear, I chose to buy based on my own research (which I openly shared on this bb) and burden the risk prior to news of income being confirmed, I sure as hell deserve the benefit of that decision once that news lands and the market (after being spoon-fed) catches up.

I just don't like poorly constructed attacks on my character Lucky.

If I'm being honest, yes, after being a cornerstone of the XTR investor base for coming up on a decade now, spending countless hours digging (excuse the pun) into asset history / researching and happily sharing my findings/trying to help explain to those who didn't understand certain aspects of the company and its operations that have been discussed over the years - and consistently posting in a style not dissimilar to a university level paper with references so my points made could be fact checked / verified - it did touch a nerve when you suggested I'm merely a short term trader looking for an exit point just because I wrote a post promoting an event occurring that I've waited years for finally happening - and because I wanted to point out how ridiculous the limited market reaction is when you compare quarterly earnings to mcap.

Lucky, 10th of Oct. you wrote: "Andrew4444 Said I was a weak holder for selling, doesn't look like a weak decision. Actually after holding for so long it's quite a brave decision to sell. Looks like I was right. Could buy back in what I sold, think I'll wait." Ref: https://www.lse.co.uk/profiles/lucky520/

I'm confused, because it sure looked at that point (not two weeks ago) like it was in fact YOU gloating about being right / having sold prior to a drop... so which is it, because you're now saying you're a holder and you'd take the money and run at 5p?

A couple of phrases spring to mind... 'pot calling the kettle' & 'oh what a wicked web we weave'.

Lucky, I don't think I boasted about it, I just made the point that if you're not trading some of your holding in penny stocks you probably need your head looking at. For the record, I trade approximately 10-20% of my holding at any given time, as is my prerogative.

Let's be fair about what I said (and I quote): "...whilst I broadly agree with your statement, the SP is up circa 60% in the last month. Hands in the air, as a long term holder of a large number of shares - even I traded that move.

Buys at 1.30-1.50 to sell at 2.00-2.20, cheers then."

Ref: https://www.lse.co.uk/profiles/jdau/?page=2

I've been one of the longest term investors here through thick and thin so I don't exactly appreciate the insinuation that I'm "looking for a spike to exit" like a short term trader with no interest in the company.

I'm simply pointing out that it's a bit ridiculous that a company makes circa 10% of its market cap in one quarter and the market seems relatively unphased.

Will I trade any move the SP makes, undoubtedly yes, if you require transparency (which I'm, not remotely required to give you, but will do so out of my own free will) I bought circa 400k @ 1.09 and another 100k this morning @ 1.20.

Will I sell them when the SP starts to better reflect true value? Yes.

In case anyone needs it spelling out for them, XTR just announced it earned circa 10% of its current market cap in Q2.

In the words of Maximus Decimus Meridius: "Are you not entertained?!"

ref: https://www.youtube.com/watch?v=ZtyjY6VjF9Q

The response from the crowd / market seems to match...

Currently defined resource is circa 7 years mine life @ 480kTpa

"The Net Profit share due to Xtract for the 6 months ended 30 June 2023 is estimated to be US$2.1 million."

Ref: https://www.lse.co.uk/rns/XTR/manica-q2-2023-gold-production-update-7j0jyqnq4a4tz5m.html

Q1 - Oz produced: 4,522

Q2 - Oz produced: 6,456

Looking good, I make that circa £944.5k to XTR for Q2 and it looks like Fairbride is starting to get up to speed.

As little as it means coming from an ‘internet stranger’ - sympathies to you for whatever bad news you received Jez.

Might I suggest, especially in light of it being world mental health day today, that taking a break from the screen (and the circus that is currently the XTR bb) would probably be beneficial for you, especially when it’s almost guaranteed to wind you up further.

Certainly beats getting into a mud slinging match when you’re already peeved, for lack of a better (permissible) word.

As with investments though, ultimately it’s up to you.

Nice to see such a business centric, well reasoned and grown up debate going on between two completely invaluable members of the bb.

1p to 7p was pretty good though…

Seems like a pretty easy circa +40% ride back upto 1.5p from where I’m sat.. as you say though Andrew, to each their own.

NtM, irrespective of BR, the fundamentals re gold production at Manica support a much higher Mcap (imo), the market just doesn’t believe/see it yet, it requires certainty and/or molly coddling.

As always, value will out when it’s spoon fed to the market, speculation on the mcap gap between that point and where we sit today is how I plan to make money.

https://www.lse.co.uk/rns/XTR/manica-q1-2023-gold-production-update-6j1hf2jkaktvc3m.html

It’s all there guys, you’ve been told what to expect, some really basic calculations based on the linked info should tell you what’s going to be on the aforementioned spoon.

‘Here comes the aeroplane…’

VulcanBob, maybe it disappeared because you’re effectively aiming to be as disruptive / downbeat as possible by posting 3 year old borderline defamatory “News” articles that’ve already been dealt with officially via RNS by the company?

Apologies if I’ve scuppered your plans at all chaps, I’ve been a buyer for circa 1m shares since the AGM at what I deem to be unreasonably cheap prices, most recently today- circa 500k at sub 1.4p.

Let’s see where we’re at when Manica results are RNS’d, I’d say “I bet it’ll be a much higher SP than where we are now” - but in effect (and echoing Andrew’s earlier point re income) I’m doing exactly that.

You’re welcome Andrew, I’m doing some chores today, mainly hoovering.