Member Info for LittleWing

They are like children these complaining that the company is not being run in their interests. It takes time all this shafting.

year1970... and yet a few on here still choose to happy clap Bird for "saving" the company. How on earth Bird can receive nods from those who have lost money in XTR is beyond me. Saved the company ? If he had been doing what we were paying him to do from the off the SP would not have been trashed in the first place and yet he has the gall to speak about how sorry he is that investors have lost money. XTR has been used as a vehicle for a few in the clique to benefit from.. nothing more. Delivering real shareholder value for PIs seems unfortunately way down on the list of Birds priorities.

Definitely keep the mars bar... it will soon be worth more than XTR (for the avoidance of any doubt that's XTR, not a XTR share).

I remember that media presentation when Bird said he was sorry about the shareholders losing money following the appalling revenue guidance given to shareholders. He went on to say how he wouldn't risk shareholder funds any more and that shareholder value would be restored. Following that presentation we witnessed placing money being handed over to Moz for absolutely no return (and no, an idle plant not fit for purpose is not a satisfactory return is it before the Bird sycophants pipe up). I remember him saying this was going to be a relatively easy risk free operation to shift the muck away from the proposed open pit site. Has the open pit site been exposed yet or have the alluvial contractors been chasing easier to process paydirt instead ? Poor gold revenues may be normal for alluvial operations but we need the hard rock exposing as a priority. Our cash in bank will last till about the end of the year so Bird needs to start delivering what he told us he would. More jam tomorrow talk about riches over the border in Zimbabwe need to be put on hold until Bird starts showing XTR is profitable with what we have already spent out on (Manica).

How does he sleep ? Easy... Joel reads him the book he has written... "Xtr earnings forecasts and other fairytales"

Could that £825k (up from £417K) be due to the 400k that we handed over to Moz before they did a runner ? Bird insisted that "loan" came out of operations cash flow which we new was elephant droppings. This is an example maybe of why Bird insisted we keep on Silberstein despite the Chepica debacle. Economies of truths.

His buddies who he was hoping would do it on the cheap have the wrong sort of bucket and spade unfortunately...

It wont be too long before we find out if there has been actual progress. We were told the new alluvial operation would be sorted by now so maybe we will get that info along with the Sino results. Bird needs to show that XTR is profitable before the SP will improve. I think enough shareholders are fed up with the Explorator smoke and mirrors. I have been listening to the media presentations again and Bird does need to start showing that Bird's World does in fact have some substance to it. I agree with a previous post that as long as the merry-go-round can be kept turning then one or two people will be happy regardless of whether or not shareholder value has been delivered.

Its like saying my household is cash flow positive if I ignore my mortgage payments. After Nexus take their cut as per the deal done with Bird, then XTR is still losing money. It is irrelevant to XTR shareholders that Explorator may possibly be cash flow positive. XTR is losing money. Wasn't the new alluvial mining deal supposed to be announced no later than August ? As some have pointed out, talk isn't going to stop XTR running out of money around end of 2018. Still not impressed but still waiting patiently for Bird to deliver shareholder value. The concern I have is that the hard rock is not as straight forward as we were originally led to believe. The varying mineralisation it seems may be making a deal difficult to reach with operators who don't have suitable plant. Maybe this is why Manica has not been successfully worked on the large scale we need over many years in different licence holder hands (PAF, Auroch).The available plant that for example Omnia have doesn't seem suitable to make going at the hard rock profitable. The fact that the alluvials also seem to have the wrong sort of gold or the correct gold too deep only compounds our problem as we were hoping to use some alluvial revenue to enable us to attack the hard rock. Not looking good any time soon tbh.

Sino most likely recovering enough gold to keep themselves reasonably happy but probably not enough to generate SP lifting revenue for XTR.

I think we're waiting for the bypass loop to be done around the dodgy entrance portal...

Perhaps Moz can be tempted back...

Not everything Bird tells us comes to fruition. That doesn't mean the original "guidance" by Bird was hearsay ;-)

https://audioboom.com/posts/6909008-versarien-vrs-xtract-resources-xtr-and-malcy-on-echo-rose-trin-eco-eme

This is where Bird tells us the new alluvial contracts should be no later than August....

JDAU - https://www.youtube.com/watch?time_continue=776&v=fmrAJ3Bt4HM

jeffry… is 2p Zakmirs target ?

gwynwin… agreed. Bird needs to convert the findings into money in the bank. XTR's bank that is. If he can secure a working 50-50 with Omnia on all the hard rock I see no reason for any delay. We have to realise though that Bird has dropped enough hints that much of the gold needs a more sophisticated recovery plant. That means expenditure which we don't currently have as the cash coming in from the alluvials so far has been modest. Omnias plant cannot recover much of the gold so I still expect there will be a lot more talking before we see any meaningful returns. Lets see GLA.

Bird's mouthpieces have gone very quiet. No doubt they were exiting which would explain some of those sells recently. First into the half empty lifeboats... scum.

Quite a damning appraisal of Birds management of Manica. The grim truth that there are not any meaningful buys at this price tells us what valuation the market attaches to XTR with Bird at the helm. His jam tomorrow guff not being swallowed any longer it seems. Cue the Bird mouthpieces...

JDAU... the ONLY relevant thing in all this is the SP.. which has been utterly and completely trashed. And not by me needless to say..