Member Info for Jezzoo

Okay JDAU I've read you post with the £1000 scenario, based on that theory and just using my most recent invesment here, I would have to have invested another £27k at the the very bottom of a three year slide to 0.5p to realise the profit from the unexpected rise to .90p.

Hindsight is a wonderful tool to use in a discussion.

If you are already "all in" it's not much use unless you A have a crystal ball and B have another £27k to chuck in at a very precise point in time.

So while your example is a good one for we herd members who apparently need to be shown the simplest level of how averaging down works, in reality nobody apart from the BOD of XTR knew the information beforehand that would cause the SP to rise from 0.5p to 0.9p and the likelyhood of doubling your investment during an ongoing 3 year slide just in time for an 80% rise would be pure luck.

Regarding your other questions to me, here's my answers:

"Do you genuinely think that the current JV is a bad deal?

I don't think it's a good deal, it favours disproportionately Cooper Lemon in the event of major success, see answer to question below.

Do you consider a 50% - 70% cut of the proceeds of any potential sale based on participation of exploration & development costs, a lowball amount? (Or indeed not comparable to what might be standard for the industry)

So if the outcome is very good instead of benefitting from our 70% earned share of the JV agreement we have to split the proceeds 50/50 ( less CL paying the disbursements) It's better than nothing which we would have got if we hadn't agreed to their terms and not gone ahead with the project but we are the ones spending all the money and taking all the risk.

Do you consider the amount of cash we’re spending to explore disproportionately risky to the potential size of the prize?”

No, and that's the reason I'm still here, to hopefully get at least my money back. That still doesn't make the deal a good one for us percentage wise.

I will be refraining from commenting further as I said previously.

I’ll come back to this tomorrow , I’m in the pub now.

I will read all the posts and let you know .

It's a pity I bought all mine before the SP fell to 0.5p then .

A rise of 80% isn't much use to the people who need nearer 800% is it ?

JDAU "what's keeping me here " ?

Okay I'll tell you.

I've been here since the Jan Nelson gold mine days when we were all going to rich but a worker and a member of the public got killed in an accident where they shouldn't have been and shortly after that they abandoned it, left all the plant and never went back, I had £10k in it then, life took a bad turn and I had to sell. That time I lost £9k.(90%)

Fast forward to Dec 2020 and I'd just put a couple of grand in here for a punt, BR happened (hole one) and things went bonkers but instead of taking a quick buck over the next two years I increased my stake to just over £27k, then the "Steve" thing happened and I still believed in CB as the SP slowly drifted down.

And it's never gone back up in the 3 years after that.

Consequently my holding today if I were to sell is worth £6468 @ 0.85p and that's with averaging down.

The problem with averaging down is that everytime I did it the SP fell yet further.

So that's £9k last time and £21k this time I'm down.

£30k

Now I'm not looking for either sympathy or advice on what I should or shouldn't have done, I'm a grown up and take responsibility for my actions.

But I did what I did based on what the company told me and some of that information turned out to be either erroneous or just plain bullshyt.

So until I get my £30k back after probably 10 years I will be goading (shaming maybe) the BOD into doing something about the value of the company so I can get my cash.

That is what's keeping me here.

No I don't think it's strange JDAU, of course I want at least my money back but I've seen a lot of false dawns here at XTR and maybe I'm cutting my nose off etc but until I see MATERIAL evidence of value here I will simply look towards the SP and drawn my own conclusions as to the markets opinion on this wonderful RNS.

Judging by the number of recommends my post received I'm not the only one.

Okay, I'll wind my neck in for now but if I read anymore glitter rolled shyte on here I'll be commenting again.

Good luck all !

I think you could be getting a call from the Labour party soon Guy.

It won't be long before they will be needing your spin skills to get them out an icreasing shyt hole.

Or a car salesman, you'd make a fortune. (I should know, a motor trade man for 32 years)

You almost had me thinking it was reasonable to do all the work, take all the financial risk and be happy to have it taken off us by a middle man !

ATB

Jez

" any subsequent sale of the project to a third-party will result in an equal share of the disposal proceeds between the parties, after costs of disposal but such costs to exclude the actual cost of the resource discovery - Cooperlemon will not be responsible for any exploration costs, but will be responsible for any costs incurred during the disposal process, to include local taxes and legal fees. "

Ah ! So if it's a saleable item the 70% goes out the window ands it's 50/50. We pay the development costs, do CL pay the disbursments etc alone or do we get to go 50/50 on that too, it says they are responsible but it doesn't say we aren't as per the expo costs line.

In other words, XTR spend $1.5m to take up the 70% option, take all the risk and if it's not viable CL just go "naa" and walk away.

However if XTR do all of that and hit a mother lode or even something worth something CL say " err we filled up the dumper a couple of times with cherry so we think that qualifies us to take 70% of this beauty"

Then finds a way to accuse us of default or something and kick us off the park.

You people need to remember what country we are digging 'oles in.

Is that AI Zap ?

The "bigger mine " paragraph immediately made me think that Birdy is taking the opportunity to do what he likes best, drill baby drill.

That's instead of dig baby dig which involves a lot of setting up and expenditure that could be otherwise given to people have dubious business ideas.

Anyone got the "bushranger " feeling ?

Well that was a flash in the pan for the SP, helped a million out at 1p and back down to a little above where we were.

It's clearly going to take stella news to knock this out of the park.

A s far as buying more, I'm not up to my eyeball here and have been for about 3 years and counting, no more money from me!

I did double up my wifes holdings a few weeks back at .88p so at least that's almost in profit, although if I sold them now they'd still make a loss.

A great RNS, but it demonstrates how deep the mistrust of CB is not to rally the SP to where it should be and that's a minimum of 2p a share.

My screen gets hot and smokes when I click on it.

Where the BOD excitedly extract our money for themselves.

Fully agree, it's ironic that the virtue signallers frequently are the nastiest people.

Iran is risking total annihilation if they go too far with Israel.

The USA will glass the place.

And the ensuing war will spread across the world, the price of oil will become an afterthought.

If he does do a raise I think it will be after the AGM.

He sees us SH as an inconvenience but doesn't like awkward questions and only has to see investors once a year.

Oh hello, a new poster.

Is that right ?

Old Col has FIVE racehorses ?

I've paid for one of those burger donors.

No change.

Copper is over $5/lb Colin.

News please if you can tear yourself away from the on course bookies for 5 minutes.