Member Info for LittleWing

I don't think many would disagree that there is value in Manica but maybe in the same way that there is value in a vault full of 40million £1 coins that you have agreed to give 5 people 8 million each hoping there will be enough left for yourself. its not the size of cake that is the issue but how many slices are missing when you come to taste it.

Andrew I agree. No doubt the new investors will be attracted by some media presentation or other promising rich returns (maybe across the border in Zim). The "once in a lifetime opportunity" will also no doubt be accompanied by the "too good to miss share placement" further diluting us whilst we still await Bird to deliver the Manica jam. Bird is an old hand at this game and has long ago understood that he doesn't need to deliver shareholder value at all. A few promises and plucked from the sky figures with the help of Silberstein's creativity (remember Chepica ?) and the mere utterance of how sorry he is somehow relaces any real delivery. Not all have yet realised the way Bird choses to operate. That in itself is probably why he will not change. He doesn't need to.

It will show no profit for XTR. There will be lots of activity shown that has benefitted third parties but not XTR shareholders. It will show that just enough cash has found its way into XTR to pay Silberstein. This is what Bird seems so good at... keeping the show on the road with promises of jam tomorrow whilst actually delivery zilch shareholder value. It is way too comfortable for him to change the way he operates. When he kept emphasising he thought it was best to minimise risk in those media presentations , It is clear he was referring to minimise risk to the benefits flowing to the chosen few. Our asset is been slowly chiselled away and we are seeing no shareholder value.

Its the few like JDAU who cannot see anything wrong with what has happened here that never cease to amaze me. They lack the basic understanding that Bird is not delivering shareholder value.

The problem is though is that all this time very little if any profit has been generated for XTR. we don't know if the hard rock operations will be any better when any deal Bird comes up with is done. No doubt though that enough revenue will be achieved to pay Bird and Silberstein and third parties involved with the deal. A few years of slowly using up our asset in the way that has been happening wont demonstrate shareholder value. Jam tomorrow such as hard rock starting early 2019 wont budge our SP. The market understands that Bird may well utilise the Manica asset but whether that leads to meaningful profit for XTR or not is uncertain. Unfortunately we can do nothing but wait for news that shows Bird does put shareholders first. Until then the SP will continue to stagnate.

Each one sprinkled with fine gold dust that the Moz gold plant couldn't cope with...

Are we in the rainy season again now ? Its disappointing that the long promised rejig of the alluvial operation has not been announced before the wet weather sets in. Does anyone know if enough alluvials have been cleared from any of the HR sites yet ? We really do need to establish HR operations to see any shareholder value here.

That's you and Bird then...

Obviously Individual posters do not have access to the administration functions of the board. However individual posters are able to attempt to persuade those having administration access to remove posts. Certain posters in the past openly boasted of their success in doing just that. Fortunately one of the chief culprits was considered to have had a disruptive effect on the board and was banned. Some clearly still feel the need to police the board towards a leaning of their choosing.

Please God...... give me patience...…. NOW !

gixxer.. at least now the euphoria of some on here has died down a little level headed common sense can be heard. Good post. Whilst the modest rise in SP is more than welcome I do too feel Bird still has it all to prove. I just cannot understand the back slapping and praise for things that might happen. When it happens I will welcome the progress but I have lost trust in Bird. As you say we were led to believe that the new alluvial contractors would be on board by now. Despite the usual gushing from some given at the time of this plan it has not happened. Lets hope Bird was waiting to renegotiate the Nexus deal. Jurys out.

Clearly better than 60-40 in favour of Nexus. New alluvial conractors would be more beneficial though.

JDAU... I agree with your statement
"...isn’t it better to get a decent deal in place than to rush it and end up either with a poor deal or poor contractor?"

The Moz debacle demands that this is what should happen. In answer to your question about HR commencing in Q1 2019 ?... of course it would be a good thing if not too much is given away. Is it a good thing that we are awaiting the new alluvial contractors ?... It would be a good thing when they are onboard earning revenue for XTR. Until they are on board we have no idea if it will happen.

JDAU... your statement
"...we’re awaiting more alluvial contractors coming on board..."
Remind me when Bird said this would be sorted by ? You choose to believe 100% anything that Bird says but when other posters point out it doesn't actually happen you refuse to debate despite continually telling us you are happy to debate. Just accept that some of us don't believe 100% Bird's jam tomorrow guidance.

And yet some posters want us to believe that XTR is in better health today than last year. They don't seem to grasp that not enough revenue is making its way to XTR. Some Explorator figures were quoted yesterday saying those figures were our share of the gold sold. This is part of the problem when such posters confuse Explorator and XTR. Those quoted figures are 60% to Nexus and 40% to us. The facts are in the RNS but some posters don't want to believe how little progress has actually been made in the last 12 months. Most PIs are correctly concerned about the devastated SP as it is that and that alone which reflects shareholder value. One poster in particular would have you believe otherwise and happy clap the SP destruction. They would have you believe it is shorters or organised groups of posters that have decimated the SP. We need to look no further than our BoDs who gave away newly raised placement money to the likes of the owners of a worhless copper dump and chancers like the Moz gold outfit. XTR is seen as a vehicle for transferring cash away from PIs. That is the reason for todays MktCap of 2.19m and the ever new lower SP.

My second worse investment has been XTR under Jan Nelson, Joel Silberstein and Colin Bird. My worse ever investment has been XTR under Colin Bird.

£2.33m for everything (including the Moz plant that doesn't like the Manica gold). Well done Colin.

What percentage does the SP have to rise to now to get back to where it was when Nelson walked away. I remember Bird apologising for the mess at the time and saying he would restore shareholder value. How much has the SP dropped under Bird restoring shareholder value ?

lordy.. explorator lol

Exporator not extract soz.