Member Info for LittleWing

50% of this, or 70% of that, or 30% of the other means very little to shareholders if the overall value of this that or the other is unknown. The SP will only rise if some meaningful figures can be attached to the projects. Until meaningful figures are attached then the projects are effectively worthless (to shareholders). Yes there is potential. Every project ever announced has potential but the vast majority of those remain worthless to shareholders. Manica was in the making long before Bird's "new XTR". The value to shareholders from ALL the projects since Manica is precisely 0.7p per share as any value is locked into bid and not the ask for current shareholders. It will be interesting to see how Bird once again deflects from reality at the annual meeting. What is for sure is that everybody knows he will and without breaking a sweat.

500million tonnes of contained copper ???

"...if you take money management into consideration..."

Really ?

MMP did not have the license or the gold it contained. XTR did. A strong enough position at the beginning but XTR clearly did not have the negotiating skills that Empress had.

The way the deal with MMP was written was wrong. Did we ever get back what what we spent overall at Manica ?

FWIW I think he understands that now he has the Manica cash coming in to fund giveaways and soil dumps, he doesn't have to show any progress or meaningful news. There will no doubt be an announcement of yet another new ore sorting breakthrough at Bushfailure to go with another "JV" for a license somewhere remote in Zambia.

Cygnus... the link is the one and only Colin Bird. You have been around XTR long enough not to expect anyone here to take that question seriously !

Cygnus7... the dump material we have paid for was clearly wanted by Jubilee. So quite why we are paying for it is beyond me unless its a case of XTR Manica cash being used for the benefit of Jubilee. Basically XTR shareholder cash being transferred away from XTR shareholders (again).

I suppose XTR's share of the benefits will be to reimburse some of the 300k they have already forked out. Jubilee basically being given material for their processing plant courtesy of generous XTR shereholders.

From RNS "...Xtract also plans to undertake trial, test work and sampling and evaluation at the site of the material purchased"

Absolutely no reason not to inform shareholders the results of this testing as surely some basic sampling was conducted before handing over 300k of shareholders cash.

Howezap... do you know who the seller is ???

The latest scheme to transfer Xtr shareholder's cash away from Xtr shareholders. Who has the cash gone to this time ???

Nope... mine was the 100 share sell. Proceeds will go into New World Metals.

The JV with MMP brought in nowhere near the revenue streams Bird promised. Nowhere near.

Like he weighed up the MozGold outfit, eureka and Kalengwa you mean ?

Howezap... how is handing over cash to outfits that don't even have a legal claim on the ground they want us to pay for drilling on in any way "positioning itself in highly prospective copper projects in Zambia" ???

Howezap... How do the staged income payments benefit XTR shareholders when Bird cant seem to help himself handing it straight over to outfits fthat don't even have legal claims to the ground we are helping them drill ?

I bet the "pooling of resources" only lasts until the Manica cash is all frittered away.

Cardo... it wouldn't surprise me if that set up is a vehicle for benefitting from some of Bird's Zambia interests.

(Think along the lines of the Moz Gold deal and how that benefitted someone but not the shareholders. XTR shareholders and XTR cash do seem to have a habit of becoming detached).

No sooner has one conman relieved Bird of XTR cash, then another comes along...