Member Info for JDAU

What a convenient time for you to turn up...
It’s like a slapstick pantomime.

...and this is why I don’t spend much time here.

...aside from all of the news over the past several months including hard rock progression & production quarterlies...

Forgive me for being cynical Ed, but on first glance it seems to me like you’re absolutely clueless about goings on here, on second glance, it’s clear your multi account used to do nothing else but try to portray negativity.

1 post in all time and you spend it writing that.. try a bit harder.

To be fair, production is ploughing ahead and until further news, what else is there to discuss?

Nail on the head coffeecups.

You’re welcome iWantThatOne, hope you found those research notes/links useful!

Sure is, happy for the SP to take a little breather, pretty normal when shares start to change hands... I had my fingers crossed that we’d smash the 50 day MA today but it doesn’t look like it’s meant to be... just yet.

With next news which is likely to be materially important to future earnings not far on the horizon (my money would be on an alluvial contractor or two being announced any moment) we could very well see this jump again.

We’re also looking for further guidance on the hard rock collaboration (in terms of costs/a year by year model) which shouldn’t be too far off... and the wildcard Fairbride hard rock deposit for which we’re still waiting to hear what the plan is / if it will be involved in a JV.

We also have the possibility of acquisition(s) in Zim but i’m kind of in agreement with what you said the other day Teacup, would rather see a bit of progression on what we’ve got first - although I wouldn’t be annoyed if we did make an acquisition (depending on the circumstance), it’s just a preference thing...

Anyway, lots to look forward to!

Agreed to be honest Teacup.. what on Earth is happening to us...

It’s not that strange, the companies bb is bashed to within an inch of its life whilst certain groups accumulate shares, all the bashers mysteriously then vanish, downward pressure is eased, big trades go through once the share price has recovered that turn a quick profit...

Connect the dots mate.

Followed swiftly by 2 x 1,250,000 buys at 0.83...

Wouldn’t worry about it too much Stevensd, people will buy and people will sell.
I don’t personally understand it as even from the lowest point of entry they’d only be making a couple grand, though I suppose that’s a really good low risk flip trade for someone.

FYI if you wanted a general feel for average grade / T for the targets we’re discussing then you could, for instance look at this sort of info (although NB this is from 2013/14) Indicated: Guy Fawkes @ cut off of 1.25g/T Au : 420k T @ 1.92g/T Dot’s luck @ cut off of 0.5g/T Au : 425k T @ 1.87g/T Inferred: GF 380K T @ 3.90g/T DL 455k T @ 2.06g/T https://www.asx.com.au/asxpdf/20140314/pdf/42ncv68wpyxds8.pdf Again, plenty more information out there but these sorts of figures are useful if you want a steer... If you have the time, i’d strongly suggest wading through all related news releases - even from as far back as the PANAF days, but at least Aurochs - as they contain a hell of a lot of information including drill results and metallurgical studies, I’ve ploughed through all of them over the past couple of years, I don’t remember all the info off the top of my head but more often than not I can quickly find where certain bits of info are because I’ve noted a fair bit down. Anyway, without trying to turn this into a lecture it’s all very interesting (at least I find it to be), and to be honest, that’s why sometimes I get uppity with people when they don’t get their facts straight re the numbers as if you look hard enough, most of the information is already out there! Again, just shout if you have any questions and I’ll answer as best I can.

Thought i’d dig out some of my old research for you (iWantThatOne) so you can see why I wasn’t so quick to agree on grades with you, it was too late to start this conversation last night! (Apologies, I can’t copy and paste from this PDF so I’ve had to retype...check the link to compare but I’m pretty sure I haven’t made any typos... the links also pretty interesting just in general if you want to look at mineralisation depths / further information etc) “Highlights Excellent gold intercepts at Dot’s Luck include: - 11m at 6.53g/T Au including 6m at 10.41g/T (DLD18) -13m at 3.88g/T Au including 2m at 14.26g/T (DLD19) Excellent gold intercepts at Guy Fawkes include: -2m at 11.15g/T Au including 1m at 21.96g/T (GFR03) -3m at 2.35g/T (GFR04)” Reference: https://www.asx.com.au/asxpdf/20131127/pdf/42l5b7g6bfykxh.pdf Note that these are only a small amount of drill results from a small amount of our (non Fairbride) hard rock targets, there’s much more information out there obtained by previous companies drilling campaigns, especially on the other resources (targets) on 3990C - I’ve posted a lot of it before but if I can point you in the right direction for any info or provide links just shout and I’ll help where I can!

The second quote is from the 25th October RNS, apologies, I meant to write that - i’m a little bleary eyed this morning and I’m only just getting round to my first coffee...

HR collaboration update on 29th August: “We are currently carrying out financial and technical exercises to assist us to decide whether to work the various veins sequentially or to install a total capability plant suitable for all ore types. Should we elect the latter route, then Fair Bride may well be processed through the Omnia plant subject to final agreement with Omnia"

Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=ruik3to6&ArticleHeadline=Hard_Rock_Collaboration_Agreement_Update

“The hard rock methodology is likely to be incremental, in that we commence in hard rock areas where gold can be separated by gravity methods. Thereafter installing a leaching capability and finally the production of a floating concentrate. Discussions are progressing well with our partners and we will update the market shortly on our more definitive plans."

Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=cvxaj1qr&ArticleHeadline=Manica_Concession_Alluvial_Gold_Quarterly_Update

I’d suggest the above statements probably support your view that plant modifications will be incremental paid for by cash flow, yes. Although with Fairbride as a bit of a wild care who knows, either way i’m pretty sure Colin’s structuring a good deal for us, really keen to see the plan!

Looking forward to seeing what the day brings.
Zac Mir reported on us yesterday: 50 day MA at circa 0.89 - with a target of 1.4/1.5

I wonder if that MA will get broken...?

Sorry Iwt1, I wasn’t having a dig or suggesting it should be higher, I meant that to come across as something more along the lines of: “Without wishing to get into a debate over what the average grade will be, so running with the grade you’re suggesting...”

Not wishing to start an argument, but assuming I’m happy following your assumption of 15,000 tonnes per month @ 1 g/T (up for debate but i’ll run with your thought process) how are you getting 375 Oz?

15,000 g / 31.1 = circa 482 Oz

A little bit off simply trying to goad me into a response... but hey, I kind of expect it nowadays.

To be honest Mike, I took a .... or bust attitude after Jan screwed us, nearly into the ground... I’ve been thankful of Colin’s work ever since as he saved what remained of my investment and gave me hope I might see it again in the future. I comprehend the argument of him taking us from X down to where we are now, and why some may be miffed at the sp’s response to that, but I honesty think the market has overdone its punishment on XTR and I’m genuinely thankful Colin has taken this on in spite of all the flak and is trying to make it work instead of what he could’ve easily done which was just wind it up after being left with Jans mess.

I’m more than happy with where we stand today and genuinely think i’ll see my average and then some.
On the flip side I appreciate you don’t trust the BoD or the company here, but respectfully I disagree wholeheartedly with that stance and i’m willing to bare the risk in the hunt for reward.

We’ll know sooner or later but i’d Imagine many who have bailed out around these levels may feel pretty silly when (not if - imo of course) this ends up with a more reasonable, fairer valuation compared to its operations.

Thanks for the support VincentVanG, I don’t plan on giving up or being pushed away anytime soon.
I’m glad you appreciate my work/posts, considering all the flak I have to put up with on a regular basis it means a lot to hear some positivity!

What can I say Mike, yes i’m excited that the tables are turning.
I’m on holiday this week with very little to do which explains why I’m about posting pretty much all day - I’ve been watching the SP like a hawk since the RNS, which by proxy means I’m watching the bb, and to be fair, I started posting significantly more before even a sniff of an RNS so i’m not sure what you’re getting at.

I also explained why I’ve not been around so much as of late (on the downturn) if you’d care to read my post history.

I’m mainly happy because whilst most were spreading doom and gloom I stuck to my guns and accumulated another 375k shares between 0.7 and 0.65 over the past few days, a decent little upward turn for me since the RNS indeed...

...And yes, you’re completely right about where my holding stands right now, I’ve always been open about the fact I’m down (probably more than most in terms of cash) here but equally, still positive about the goings on because I see it for what it is and truly believe this will come good - I’ve averaged down to the point where I sit at about 2.5pps average, a figure I expect XTR to surpass in a fairly short amount of time considering that equates to a circa £8.7m market cap.

Anything else you’d like me to explain/clear up for you?

Right you are Steven, apologies for clogging up the bb with this ....
I’ve said my piece and it’s all there if anyone’s wants some pretty terrible toilet reading.

Now I’m “filtered” by those that take issue with my ‘horrific behaviour’ of asking for evidence to back up something that poster wrote we shouldn’t have a problem.