Member Info for Joeman1

Id like the results of the study to be published before I resort to calling BR a turkey. I dont think its in doubt that it wont be the golden goose we were hoping for.

Seeing as this might be his Swan song, perhaps Colin was feathering his nest but my guess is that he believed he had been eagle eyed when the "Long Hole" returned good results along its length and he was sick as a parrot when it turned out to be a wild goose chase.

Personally im not going to sell up until all my ducks are in a row and the results of the study are published..... I believe these results will show us that BR will be saleable but at higher copper prices and importantly not as attractive as other opportunities that we (All) might have invested in over the period.

This might be one of those exceptions that prove the rule...... that a Bird in the hand is (Not always) better than 2 in the Bush(ranger).

ps. keep an eye out for those foxes in the Hen Coup....... apparently the filter better is better than chicken wire.

53I8008

This is what I was hoping for. Great communication here.

Rough in my head calculation put it as only equivalent to around 5% of the existing share base, so dilution is fairly minimal.

I would like this followed up with a clear breakdown of where in fact they are going to put this money. I think we will get this as they are typically pretty clear in communications.

Wow.... .finally something this government has done that doesnt immediately make me want to facepalm.

Im guessing copper is the biggest in these metals and driven by the new plant being built at Hunterston..... bring it on.

Great update.

Looking forward to getting this PFS in the next couple of months, which will surely give us an increase in interest and by association share price.

I would say the numbers don't appear to be blowing the bl~@dy doors off ..... but maybe these are enough to make the difference needed?

We need the associated economics in order to say anything concrete about this RNS but what we could do with now is a confirmation that we have all the information reported to allow Optimal to complete their study.

.... oh yes and a concrete timescale for receiving the study.

The tantalising phrase "upcoming RNW maiden resource report".....

Would be good to know if this is in Q3 or Q4 this year..... f

Im hoping once they publish the study results and we have all the info, that Iceberg will prepare another blog covering this.

"once it starts then all newborns of existing shareholders will be called Colin :-)"

If they dont arrive on time maybe

.....sorry but I couldnt help make that joke..... personally a late delivery baby that is bouncing, happy and producing lots of good s!%$* day in day out is a good result in my book

I agree NTMU, the manica revenue statement was the first time we have had an answer to the question floated regularly......i.e. is the 23% of profits actually being beneficial to XTR or is the contractor milking it through clever accounting allocations of CAPEX....

450 to 550K is definitely within the region of the expectations of many...... and an RNS would be good to support this.

Maybe a quarterly production update before the AGM is what he is aiming for.

I agree. The RNS doesn't identify any restriction in us selling these shares on as we need or wish and so we can now start to spend this first tranche if we need to.

Looks like Afrimat have agreed to the conditional risk associated with them not receiving all the approvals but have split the risk with their current shareholders directly.

Paul has done a number of interviews very recently easyp. He was quite clear that the current programme has only been slowed by a small number of weeks.....

Dont put your house on the strength of an interview, but you might find them as confirmation enough ...... or not.

I know im positive.

"we have sold to AA"

Sorry Andrew but I dont have a price tag.

aww s#@t ..... I left the label on the sole of my new Clarks shoes.....to £59.99 it is chaps.....apologies...my bad

"Xtracts primary asset is now considered to be Manica"

Manica might have been the reason that I jumped back in...... but can we really say Bushranger is still not the current primary asset and therefore supported by income from other assets such as Manica?

I know that the last updated presentation only a couple of months ago placed Bushranger front and centre.

Come on Colin... lets clear this up at the earliest opportunity.

Hi LW,

The supply of copper as described by the various commentators and experts is a hard restriction as far as I can see. There doesn't seem to be any change to the narrative of +5years for significant new supplies to come on line..... not sure how much flexibility the scrap copper can add to this....perhaps someone cant point us to a chart.

Th demand is obviously the softer element but the longer it takes for an increase in price to spur new investment..... then surely this just means the copper spike will be higher when demand finally hardens.

Personally can't see demand staying soft forever... but people have to decide if they agree with this.

On LSE and other platforms it is simply an algorithm they have developed to try an gauge the buy/sell balance of a trade from the traded price based upon what the MMs state their positions are..... and it is proved time and again that the algos simply can't handle the wide variance in possible conditions at any given time and therefore get it wrong very often ..... no games methinks.... just an over reliance by us PIs on the reported trade position.

I weened myself of Astrology when I was a teenager but im finding the LSE computer prediction habit harder to shake

There could be a bow-wave of information in the very near term if the March presentation can be believed:

1. Results of the Preseparation study at Bushranger

2. Publishing of NPV figures for Bushranger including this.

3. Permit application for further exploration (Manica or Bushranger).

4. Operational production figures for Manica (quarterly reporting clearly showing ongoing value to Xtr)

5. Plans/Flowsheet for expanded production at Manica to process transition and sulphate material.

6. News of additional oxide targets at Manica.

7. Operational news from Kakuyu in Zambia ( report suggests mining contractor engaged and agreement completed with Kabwe).

8. Results of testing at Kakuyu (by Jubilee).

9. Drilling/ exploration plan/permit at Kakuyu for the targets identified.

I'm sure there are even more possibilities for news..... but you are correct that without anything coming out the shareprice will dip and that is frustrating.

Maybe he doesn't tweet but a fellow investor does for him.... in which case perhaps that person doesn't hold xtr......

Just a thought. You never know who is tweeting from an official.... just ask Elon or Colleen Rooney

I thought Colin claimed we were in commercial production already, and therefore we were moving to a new reporting period.
It wasn't stated like that in the RNS in April, but he definitely said that going forward it would be possible to report our earnings from Manica as intended as the commissioning one-off expenses were now mostly accounted for.......

It was in an interview instead of RNS so I suppose it could be hyperbole ....