Member Info for LittleWing

Death by a thousand interviews.

Kalengwa is not worth anything to shareholders. Its not a case of damned if he does damned if he doesn't. Its a case of being honest with his shareholders !

The company is implying that some of these projects are still active and of value to potential investors in XTR. The company choses to keep Kalengwa for example on the official Xtract web site. Why is that ? An image that the company is doing far better at creating shareholder value is portrayed ? Economic with the truth at best.

The net result of these deals see nothing for shareholders but somebody is benefitting somewhere as cash gets shifted. Am I correct in thinking the deal with Kalengwa was at the same time as another of Colin's interests BZT ? Was the XTR deal done in some way to ease BZT in ? Is Eureka connected with that somehow ? Does Joel act for both XTR and BZT ?
Then there was the MozGold fiasco. I thought at the time that we didn't get a good explanation for giving cash to them after being told the benefit of having a stake was because Colin thought the alluvials were worth having a more direct interest in. We have had no where near what we were led to believe from the alluvials and yet that deal was done losing us money.
Manica wont give us a penny until MMP themselves declare a"profit". It almost seems like the aim is to use XTR to facilitate deals to benefit others.
We really do need to see some sort of shareholder value delivered Colin. The SP is marking the deals done to date as a fail.

I was thinking similar 2-3p. Better than where we are I suppose but the reality is Manica as a whole will under deliver what we were led to believe. We will just have to hope that the BR study contributes a little more to the future SP.

The alluvials are ramping down and the other small HR deposits only give us around 13% so not sure where any other significant income will come from tbh. Does anyone know what is expected from Zambia ?

A4444 I agree with that. So how will circa £4m per year for 5-7 years translate into a SP ? Not much uplift probably but maybe someone could share their thoughts ?

We have been told by ZM to focus on the now... well the now is represented by the current SP. Cant get anymore now than that, so lets go and take a look at the SP.......... ooooopsy.

ZM... The complaint is not that Colin has not been able to say much !!!
Keep up lol

Copper price moving upwards nicely but SP not responding to that so something else is keeping us down.

Must have been talking about another racecourse that night and another Ascot where the geophysics is way better.

Yes I forgot that we can get the true picture from Empress, hopefully regularly like they have been reporting. I just cant believe anything that Colin says anymore.

Not now having to report so often gives him scope to continue to exaggerate expectations just when we would hope otherwise.

How much is XTR's cut from those Explorator figures ?

Before xmas I would have been happy with 10p but I agree with Ntm that 5p seems a high end target now.

i did think maybe Colin might have snuck a couple of aces up his sleeve lol

Looking more and more that Colin's deals don't work in the interests of shareholders. Apart from us mugs still holding there doesn't seem to be any interest, certainly not enough to provide the volume of buying that will be needed to give any meaningful lift to the SP. Maybe a small lift if the long awaited FB revenue is anywhere near the higher end of some expectations but the continued decline in SP tells my head that wont be the case. Not sure where a needed spike will come from now either, as it seems all our cards have been played and the winnings pot is empty.

As the "pathway to success" changes over time (which clearly happens with XTR), then the degree of shareholder value realisation changes. The early stated aims of a project has shareholder value in there, but the concern here now is that by the time the pathway has evolved, the value for shareholders diminishes. Hopes for the SP of 40p gradually become nailed on 20p which becomes somewhere between 15-20p etc. My own hope became 10p which even that is now out of date. That pinned hope on Fairbride supporting 5p of that 10p. We will have to see what FB delivers in the real world but it doesn't look like the market sees it supporting a SP of 5p. As the pathway changes it brings scope for optimism in the short term which can be accompanied by spikes of varying levels. This seems the most likely way of getting some return. I gambled on trusting Colin to finally deliver something for shareholders via BR but it looks like my heart over ruled my head. It seems some can benefit from the way Colin choses to operate, but buying his shares as a PI isn't amongst those who do.

Operational success maybe but perhaps not success in terms of realising value by way of SP increase and MktCap. XTR has probably spent near enough what it hopes to get back in Manica overall.

"....why do we have to determine this due to the timeliness of the release?"
Colin being economic with the truth is the way he operates. He must see it as a benefit to how he runs his companies. If shareholders can benefit along the way then all fine and good but his track record doesn't exactly indicate that delivering shareholder value is high on his priority list. The only way it seems that shareholders can realise any value is being alert for SP spikes when the begging bowl goes around. LTH's always seem to be back at square 1.