Member Info for LittleWing

Im way down as I kept getting conned. I wanted to believe CB in that first media presentation when he spouted on about shareholder value and how he felt for those who had lost money because of Chepica. Is it any different now. Look at the SP chart Colin. Also explain the real reason you gave 400k of our money to Moz.

Racoman� nobody was expecting the alluvilas to be shifted in a day. CB told us that Omnia production had started before xmas though didn't he. That has been quite a bit more than a day. It is clear to me CB spouts off things that in his head he would like to be true or he wants us to believe. Absolutely economic with the truth. Joel Siberstein produced figures from Chepica which were bordering on criminal and he and CB are putting out guidance regarding Manica knowing full well how they want that "guidance" to be taken. It wasn't the wet season that has been responsible for Moz having produced zilch and it wasn't the wet season that caused CB to say Omnia production had started but in fact they hadn't either. Any bounce to around 2.5 - 3p and I can see lots of selling out now.

The more I think about it the more it makes sense why CB was adamant he needed to keep Joel Siberstein on from JN's reign.

It rather looks like we overpaid for Manica now. What did we pay ? Was it something like 12m ? The market is not putting any value on the alluvials and with very good reason as we now know. CB has told us to expect no more than 15 - 20 % of FB so maybe �5m MKtCap is about right under CB. Yes Manica is worth more to someone who can unlock nearer to 100% but that is not XTR at the moment hence todays MktCap. Considering we own Manica outright (apart from the Nexus annoyance) it is a sad reflection that the market values us at approx �5m... a damning verdict on the faith put in CB.

iwto� yes I agree. I think 3 - 4p possibly which I have decided to hold on for. Quite understand all those who have sold though. they have had quite enough of CB promising things he just doesn't seem able to deliver. the reward risk ratio is much changed now that we have been told to expect no more than 15-20% of FB. I think quite a few are waiting for a bit of a bounce and they too will then exit. just all so very messy.

22k just been offloaded. eeek !

teacup.. I have thought for some time that something wasn't quite right with the "loan" to Moz. CB lecturing how he doesn't want to risk anything for shareholders and yet he handed over much needed cash to these Moz characters.

duster... good point. He does seem to have this knack of allowing others to hinder shareholder value. There does seem to be a long list of deals which have not benefitted us doesn't there ?

iwto� the Mcap is tracking our small slice of what CB has left us shareholders with. Too much has been given away.

Pie... bargain basement SP... until the next RNS when no doubt it again will be at a bargain basement SP. The problem we have is that our slice of full production is what the SP is influenced by. We are not going to anywhere near benefit from the resources at Manica as too much already been given away.

Would we as shareholders be better off if CB just sold out ? It is clear the slice of cake we will be getting isn't going to create shareholder value. Maybe too many already on the gravy train to want that though ? It seems XTR has well and truly become a vehicle for the benefit of non shareholders. shambles

I should have known this was going to happen since I topped up recently... grrrr.

Well timed exit.. well done whether through luck or judgement !

We were shouted down and called the chepicos� will we be called the manicos now. Hi dragonslayer ;-)

Maybe some of those awkward questions we were asking did not get any answers for a reason. Chepica MkII ?

Its about time we are told the truth about Moz gold. Whats happened to our 400k... has that effectively just been a transfer of funds out away from shareholders ?

SP all due to invested whinging according to some on here... maybe its something else after all ?

I hope the excellent news that CB promised some who attended the investor thingy wasn't just more talk to sweeten the lack of real progress...

The corner will be turned just as soon as CB demonstrates that he can deliver at least some of what is promised. I hardly think the invested asking probing questions is keeping the SP down.

I have been nibbling away in the hope that this can do something but not holding my breath. Lots of posts claiming this is now good value but that doesn't seem to match up with peeps putting hard earned cash up. Maybe its only good value for other peoples money lol. So who else has been buying...