Member Info for LittleWing

NtM... No probs.

NtM... nobody has told me.... Is it not evident from historical evidence ? I'm not sure why you should pick on my post tbh. Alot of what happens around Bird's companys are non sensical to me but I dont retort to posts in that way.

Lucky... unfortunately the SP being trashed is the outcome regardless of whether or not the rumour has any substance to it.

If CB and TW have had a falling out then unfortunately we are paying the price for that. Quite dreadful the way peoples hopes can be trashed on the whims of such people. The truth is Bird does seem to feel comfortable associating with these types.

Ntm... I agree with that. Enormous damage has been done here once again already. A placing even if not planned to be so soon maybe should be done now. It is annoying that we seem to be permanently having a drag from one source or another on the SP. I note that large whole number offloads (the Zambia shares issued ?) are in amongst all the sells.

Just when confidence and trust was starting to return here we get the current whispers which has resulted in once again trashing the SP. My thoughts are with those who have recently bought in on returning confidence at above 2p. It might now take many many months to undo the damage caused here once again.... unless we get some spectacular news to quickly repair a new found mistrust. Over to you Colin....

So at what price was the supposed advice to sell ? At the price after today's mauling ? At around 2p ? What are the terms of the placing for this advice to be concrete ? Somebody must know something to have caused such a drop just when things were looking good ? I'm taking all the gossip with a pinch of salt until we get official news one way or another.

Unless a delayed posting of a huge sell appears it looks like something spooked those sellers. No particularly large amounts but the MMs certainly pounced on the opportunity to savage the SP. Lets see what the next few days brings. There didnt seem to be any evidence of forward selling which has in the past signalled a placing so not sure what happened there today tbh.

tbh I dont feel that further drilling at Manica should be high on our list of priorities as the deal that has already been done with MMP caps our potential revenue from there at what looks like anywhere between 13% (guy fawkes) and 23% (fairbride). Any cash we spend should be aimed at securing higher returns (possibly Zambia and Australia). The 13% - 23% deals were necessary but we now need to aim higher if we are to be spending the long awaited revenues.

pyo... are you using Trump's fake charts by any chance ?

From the hard rock agreement RNS...
"Under the Mutapa Agreement, the Company had appointed MMP as an independent mineral processing contractor to conduct hard rock mining on the Manica Project permitted area comprising the main deposit at Fairbride, and the three ancillary deposits at Guy Fawkes, Dots Luck and Boa Esperanza.... "
Did the 20-23% apply to all the Manica Hard Rock then ? In which case both XTR and MMP have seen it prudent to accept less for the Guy Fawkes portion in return for quick cash. MMP must have had some sort of deal with XTR regarding Guy Fawkes for us to give them a slice now. Seems a good deal whatever as the cash now will give us a good footing to get our other projects moving with less risk. SP must rerate with deals like this.

It does seem we are finally on our way. SP should be many multiples by xmas.

Indeed.

Now that the gold price is bigger, will the Moz plant work ?

The problematic task of actually coming clean that there wont be any meaningful revenue from Manica was maybe given to Mr Ford ? Or is it that he meant that any revenue will be spent on developing the Ozzy thing so that we still wont be profitable. Can there be a lift in SP to demonstrate shareholder value without revenue contributing to profitability ? I hope I'm wrong but i dont think there can be. Im concerned now that just when we thought we would see some profit generating revenue to lift the SP we are being positioned right back into exploration share placement diluting territory. We do need clarification. No reply from XTR to my query btw...

Its going to be difficult for the SP to gain any traction with what seems to be a steady supply of offloads once again. No doubt the shares that have been issued for the Zambia and Oz ventures will be a drag on the SP.

I would think the option would be taken up to buy FB from us way before we would benefit from any lucrative POG.

Share Options I would imagine.

Anyone tried putting the copper dump stuff in the Moz plant ?

Whatever happened to the Moz plant in the end ?