Member Info for Jezzoo

It reads like XTR is process.

If it means a company it would infer that my observations are correct about combining all three companies in this venture.

It would make sense, imagine if you had three companies and had a mind set that they were actually yours to do what you want instead having any shareholders. Two of them are skint and need money to proceed but one of them has just done a deal selling the family silver that means it's going to get a drip feed of cash for 3 years that could finance the others without dilution. The problem with that is the shareholders of the company with the cash coming in aren't shareholders of the one's benefitting from the cash. But don't worry we'll lend it to them at a very favourable rate and call it business and we'll get a percentage of the businesses in lieu of actual cash repayments.

And hey presto all the companys get to stay solvent and the guy who runs them get three salaries for a bit longer.......

You couldn't make it up could you ?

As I have long suspected and even written here a while back, when you look at those licences you can clearly see CB is taking the opportunity to buy licences next door to his other companies licences with XTR money.

They can't buy them because they are both on their arze financially. So it follows that their lack of success and consequent tumble in SP will become ours over the next three years of spending our money.

I'm a little confused, I worked for a company selling heat pump systems about four years ago and I don't remember them for earning money from the electricity company. I'm assuming you omitted the fact you run solar to harvest power and run the pumps off that and have a surplus ? Heat pumps certainly do not make electricty.

I've been saying the same for years.

I have always felt that Majid views the PI's in this company with a certain amount of contempt. We aren't important enough to be kept in the loop.

Whatever the SP does he still get his very generous salary every month.

What difficult circumstances are they then OSV ?

Colin said it was a great deal and Zambia was a great opportunity.

What's your take on the many other comments OSV, the negative ones I mean ?

RNS ?

Leaky ?

Who knows ?

Not me...

Well said JDAU, it's what I've been trying to say for few days now.

I think you hit the nail on the head when you said it's "too much like hard work" policing production at Manica so he'd rather sell it. I personally think we are giving it away at $15m, especially on a three year drip feed. I'll repeat what I said yesterday, we need more money for it and NOW not later.

$25m would be a minimum for me, after all, it's CB himself who bangs on about a commodity bull market being imminent .

I was thinking the same, as he says he reads these boards yet he doesn't feel the need to do any PR or deign to speak to the Shareholders until he needs their blessing to do what he wants with their money.

Anyone notice he called the Zambia gig an "adventure" then corrected himself. Freudian slip there Colin.

You really do see us as stupid don't you OldSchoolCol ?

He may well be right and doing the right thing with Manica , after all he BS'd us on that too for a long time so even that might not be as good as he once said. The SP shows us that.

I don't think this is the last we'll hear from him before the meeting, he's got three years salary riding on it.

Over to you Mr Bird.

Https://www.youtube.com/watch?v=VvJD9yMjBf8&ab_channel=TheSundayRoast

OK thanks, I can't work twitter !

Where did you see that Lucky ?

I think we should be drilling oil on land we already own or buy an already producing company with tax credits.

Just two options.

Mather seems to be creating a reputation for being a bit of a Jonah.

Jiangxi have had a large stake in SOLG for a while now, they aren't just buying anything willy nilly they are playing games there with the govt over SOLG to get it cheap it's said.

Cygnus.

I suppose we put money in here for the spikes in the first place so let's hope we get a good 'un in Zambia if that's what happens.

One thing that makes sense now is the lack of figures on Manica earnings despite repeatedly asking about them.

They had been held back deliberately because they would probably make this deal look lame.

Completely agree

The choice is simple, have $15m over three years and be out.

or

carry on taking the 23% and put that into our share of development of an underground mine.

For those saying it would be dilution look at it this way, would you rather spend the money on our existing site that we know has potential or go rainbow chasing with the money and have no money and no asset in 2027 ?

I think we need more for the asset and payment over a shorter period, if they can't afford to pay us more let them go looking for the cash from a JV.

Why should we get less than it's worth if they can't afford it, I bet they are laughing at CB, We took all the risk in the first instance and when we proved the asset we had to JV to get the gold out of the aluvials. Why shouldn't they give some away to a JV partner , they will have 23% of the asset to give them.

Thnk about it, CB is trying to roll this turd of a deal in glitter.

+30% would do fine.

Exactly what I've been saying Andrew, CB is making decisions basd on his personal life, age and ambitions not on the best route for the company.