Member Info for JDAU

Again, appreciate the sentiment, but perhaps it’s be advisable for to temper your view re Xtract having 10 times current mcap value “nailed on”. There’s operational risk / proof of concept etc needed before we should be discussing a figure even close the numbers you’re touting.

Let’s see how good we are at walking & jogging before shouting from the rooftops that we’re guaranteed to be a 100m sprint champion, shall we? (If you catch my drift)

We’re making good progress and I too would like to see “fair value” recognised here, but to suggest it should be worth 10p per share when we’re hovering around the 1p mark, is in my view, pretty ambitious/unrealistic.

B_positive, again, admire the optimism but with respect, can you calm down a bit please?

You’ve turned up out of the blue and to be honest, you would do well to stop the 10p / 10 bag claims - it doesn’t do your credibility any good and (in my view) threatens the credibility of the recent company success.

One can be ambitious and confident about the future of the company without baselessly ramping.

Sunday roast podcast:

https://youtu.be/H6kN-_Tjyqg

Benhowell459: “This RNS was absolutely needed - before the RNS, we were in the dark.”

RNS dated 13th November 2025:

“Executive Chairman Colin Bird commented: "This fundraising has been initiated in order to enable us to continue to develop our mine project in Morocco and invest in our joint venture with our partners in Silverking in Zambia and in particular, to complete construction of a processing plant at Silverking whilst continuing with exploration on the general licence area. The Board expects that the Silverking plant will be commissioned and mining start in 2026 to take advantage of current copper prices. In Morrocco, exploration will continue while Government approval is obtained to redevelop the Amghas mine and construct a floatation plant."

Ref: https://www.lse.co.uk/rns/XTR/fundraising-for-1632000000-r13pf1l7vjv9fpn.html

RNS today: https://www.lse.co.uk/rns/XTR/silverking-mining-licence-joint-venture-n9riurrufnawgqm.html

So no Ben, we weren’t in the dark, you just had your eyes shut. This was exactly my point around a week ago.

End of discussion.

What a surprise Ben, even when proven right, I’m still wrong.. apparently.

I stated very plainly that we were on the cusp of this news and had to endure being berated, called names and mocked for my view. So no, actually I do think it’s entirely necessary to say “I told you so” and highlight that you lot were wrong and don’t know what you’re talking about.

“Phase 1 drill programme completed at the Silverking Cu-Ag project in Zambia. Results received indicate a significant extension of the high-grade mineralisation, tripling the known surface expression to over 260m strike length. Key intercepts from the Silverking breccia pipe include:

o 24.1m at 5.99% Cu and 40.2 g/t Ag from 111.0m in borehole SKIDD010

o 29.70m at 4.15% Cu and 42.9 g/t Ag from 93.0m in borehole SKIDD003

o 54.1 m at 3.18% Cu and 40.3 g/t Ag from 56.9m in borehole SKIDD002”

Reference: https://www.lse.co.uk/rns/XTR/half-year-report-i9cu219e4y9ou39.html

XTR have plenty of results already and are clearly demonstrating confidence in the resource with today’s news of production.

Janix, you’re entitled to that view.

To be honest, with the complexity of XTR’s stable of projects (I don’t believe fair market value has been attributed) I wouldn’t like to put a figure publicly on where I think the mcap should be.

I have my own personal views but I’m not going to start pushing to say “this should be worth X”.

Let’s just say I believe the mcap should be significantly higher than it currently is and as the market begins to realise that the projects we have are showing irrefutable and tangible progress, at some point, value will have to be recognised.

Back in your box Jezzoo.

You were wrong and I have been proven right, I’m done with our conversation.

Let’s calm down a bit B_positive.

I’m all for positivity / recognition of XTR achieving milestones but let’s keep things in perspective.

This is small scale production, it’ll pay for itself and the projects future development / provide a healthy income (imo).

Let’s cut out the ramping type comments.

For what it’s worth though, I’d agree with your last statement re mcap.

Appreciate the recognition NTM.

Good RNS and lovely to see some irrefutable evidence progress to finally put an end to the nonsense posting of the last few days.

You seem to be mixing up the words hindsight and foresight Jez.

I literally posted this circa a week ago: “We are clearly on the cusp of production at both Silver King & In Morroco (pending gov approval) as is detailed in RNS’s / podcasts.”

…and then I’ve spent most of the past week in petty arguments trying to explain that the company had clearly communicated what they will do next.

XTR have released news this morning proving me to be correct and all of you to be wrong regarding your statements about lack of action from the company.

Zero hindsight in that and the posts of the last few days demonstrates clearly that most of the posters here were talking out of their … and mocking me for holding the view that this very RNS was imminent.

I won’t waste my time waiting for an apology, but after the abuse I’ve put up with for the last few days, you sure as hell don’t get to act like I was wrong about this or be an authority figure on the matter.

“Future Funding: The Parties anticipate that any further funding required by the Silverking Mining Joint Venture over and above that already provided to date by Oval, and to be provided by Xtract in accordance with the JV Agreement, shall be raised by the Silverking Mining Joint Venture rather than contributed to by the joint venture Parties.”

Good to hear, we are on the cusp of production and it will fund itself re further development.

That’s a weird way of apologising for your behaviour and admitting you were wrong.

Https://www.lse.co.uk/rns/XTR/silverking-mining-licence-joint-venture-n9riurrufnawgqm.html

Oh would you look at that, XTR have done exactly what they said they would do…

Thanks Ibzsun / Moneyman64, appreciate the steer in the right direction.

I personally don’t think “hopes to achieve” should be then taken as a firm deadline but good to see a rough timescale re expectations from the company.

Thanks again for the help.

Moneyman64 - could I ask what deadline you’re talking about re 16th Feb?

I can see another poster referencing that date and just wanted to ask what it pertains to / where that date comes from?

(Didn’t want to have to trawl through RNS’s/podcasts if anyone would be gracious enough to help me find that info.)

Thanks in advance

Of course Jez, I’m ‘a donkey’, I’m ‘Colin Bird’, I’m ‘Patronising, narcissistic, self agrandising, boring, virtue signalling, sarcastic, fake academic, Walter Mitty like, repetitive, pathetic, deluded and most likely the town bore.’

You hear yourself right?

For someone who in their own words seemed to enjoy ‘the sport’ of trying to get under my skin you sure seem awfully emotional.

You are a pathetic keyboard warrior with nothing of value to add to discussion, you hurl insult after insult instead of debating anything relevant to the company - and then comically try to act like I’m the one being out of order for slightly biting back after a barrage of insults. Can dish it out but can’t take it springs to mind.

Like I said, grow up.

This is a bb for discussing financial investment, not a school playground. Perhaps you should ‘filter me’ again - just make sure you tell everyone else to do the same first.

Oh, and tell everyone how many likes you’ve got - perhaps then people won’t use their eyes to see who the real problem is.

“Complains about insults with an insult.”

No you’re right Jez, I should just let you call me every name under the sun and then not have any reaction whatsoever because otherwise I’m the problem.

Grow up.

Shame you don’t put as much effort into understanding the company as you do working on insulting people Jezzoo.

Once again, showing what a class act you are.

“Unfortunately for you Colin, ahem JD, your ridiculous argument falls down due to the fact it is not for me to prove anything.”

- arguably Ben, if you’re going to make an assertion such as “lack of news must mean lack of progress” then yes, it is upto you to evidence your statement, that’s exactly the point.

I’m not the one desperately trying to convince people of my own personal view here, I’m just stating the facts from company news releases - meanwhile you are attempting to create your own narrative in the absence of news.