Member Info for Lucky520

I don't, he talking of buying blue sky projects in africa as BR was a disappointment. He said could take to24/25 to get BR sold. He said manica has maybe 4 years but then someone behind said we like to think more like two. With the tax they pay, it doesn't make this company MCAP look cheap at all. Maybe 6 million a year for a few years. Once converted to pound and remove tax....absolute joke.

People at the agm are delusional.

Just listened to the 13 dec presentation on YouTube again and Colin say 2mt could be the bottom end of this thing.

We ended up with 1.3mt.

Needs addressing today!

It's bzt AGM today at 11, I wonder how much fun that one is?

There's a lot of rubbish on this board, but there's also a lot of rubbish that comes out of colins mouth!!

I am a genuine holder and will be there tomorrow!

That was a little test lol didn't take you long mate!

OSV has gone quite!

Colin must think he's in the clear for tomorrow!

If you apply rough calculations to existing study it would bring the $5 per LB down to about $3.95.

A good step, I'm happy with that. Let's see what it does to the much larger, new jorc.

i'll put the subject to bed when i sell my shares and no longer have to read you f=ing ****e

Wrong again Dani!! The full production of manica would have stopped massive dilution, if it was on time.

I don't think it's a pump n dumper, I actually believe it's a poor attempt by CB or someone in the company, to try and reduce the heat at the agm. Unfortunately, its not going to work unless the SP magically goes upwards of 5p!.

See you at the AGM!

I wish!! Taking the money from people trying to make their lives more comfortable. Praying on their hopes and dreams. Sitting back giving fantastic benefits while you travel the world on treasure hunts using thier money hoping to strike it lucky! Without ever actually delivering anything back to them.

Unfortunately I'm not that type of person and

I hope you, I and everyone else gets what they need out of xtract.

Every deal gordi lmao 🤣 every deal so far has collapsed, so I understand why you don't bother to understand! Because you trust the board to provide shareholder value next time!

Old school that's great, but we shareholder need to know too! It's not colins private company.

I would like a clear and definitive path from Colin at the AGM, no BS this time. What's the plan Colin?

So I've been reading you can't use inferred in a PFS financial study.

Didn't iceberg say it is discounted 50%?

Maybe australia is different?

This is because the completion of a PFS is the minimum prerequisite for the conversion of mineral resources to mineral reserves. This also means that the economic analysis in the PFS cannot include inferred mineral resources.

Issuers will often make statements about a mineral project that does not have mineral reserves which suggest that an economic analysis of some nature has been conducted. If the project does not have a mineral reserve estimate and there is disclosure of economics of any sort, the regulator strict view is that this is a PEA and a technical report may be triggered. These statements could include anticipated production rates, capital or operating costs, mine life or projected cash flows of a project. A PEA need not be a formal study.

Examples of disclosure that could be seen to be a PEA and trigger a technical report include:

“We will likely produce 200,000 oz. silver/month in 2014”

“Capital costs will be in the range of $50 – $100 million”

“Mine life will be 10 – 11 years”

“We expect to generate $20 million in revenue”

“IRR of approximately 30%”

Therefore, it is important that issuers monitor their public disclosure of the economics of their projects in press releases, investor presentations, social media, websites or other continuous disclosure documents so as to not inadvertently trigger a technical report by making such statements if there is no technical report to back up such statements.

Copper inventory is so low now. Normally the inventory is replenished in the summer, but it doesn't seem to be materialising.

I don't think it will take much to send it rocketing.

I know many are worried of global recession, but people still need energy, green energy and EVs.

There are many countries like India, with rapid population growth and the want for modern tech.

They are currently thriving from cheap Russian energy.

13p approx with today's exchange rate and 1 billion share in issue. Depends on any more dilution from option etc.