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JDAU your lack of any situational awareness beggar's belief. A podcast is NOT an appropriate channel of substitution for public company disclosure. The fact that you're having to put effort into pointing everyone's attention to it substantiates that point.

Colin playing fast and loose with information that hasn't been verified by the NOMAD and disclosed correctly is in of itself a dangerous strategy. Ultimately you just have to look at the share price it's in the gutter, and that's the problem.

As investors we should not be having the debate about progress at Silverking here because if prudent RNS disclosure was made there would be no uncertainty. Does it not say something that Colin has chosen a podcast and not an RNS and has now pushed timelines out to the end of the year? Entirely unimpressive and I think we can expect the share price to go absolutely no where for a long time to come until basic communication from management can be observed.

Just to clarify my post earlier today, it gives me zero pleasure to come on this board to scold management. Xtract has so many meaningful assets that could each be company-makers in their own right. What I hope is that management read these posts and understand that part of being a public company is having some basic disclosure.

Investors have the right to be excited about elevated copper prices, yet Xtract isn't benefitting and one of the key reasons is that there's a bad track record of delivery. Management need to rectify this with a cycle of "meet and beat" in their disclosure, it's not difficult to do this. Instead of saying production within 3 months, they could have easily just said production by H2 26, and then they could have beaten expectations by getting the production update in before the end of June and surprising the market.

What really scares me is that Colin has a track record of shouting loudly and lots of disclosure when things are going well, but deathly silence when things are going badly. We currently have deathly silence, not good. I would happily support and advocate Xtract to others, and this last RNS and a timeline was a great opportunity to do that but once again we have been badly let down.

Management please, please, please take note!

I have, as many of you here know, pointed to lack of communication here before as a source of concern. This time though it's particularly contentious. The last proper update we received was 13 weeks ago where definitive timelines were given for an outcome. Furthermore a mining explorer with the amount of projects XTR has, and the amount of noise being made at the start of the year, can it really be the case that there is no update to give across the projects? Well it could be actually and that is even more concerning.

If we take Galileo as an example, Colin commited to an outcome of JV or sale for the Luansobe asset "within 5 months" in order to lure the bucket shop investors into the recent fundraise, subsequently that timeline was stealthily quashed in a disgraceful manner nestled within another RNS and now it's not even mentioned. My point being Colin has a record of reneging on timelines ...which is why the silence here on Silverking is a concern. Why if you're going to state an event such as production within 3 months would you not at the very least update the market to confirm whether that has happened or not? If you can't stick to timelines then forgoodness sake don't put them in an RNS.

"Several posters here are trying to, without evidence, script a negative rhetoric in the absence of news" .....no actually it is quite the opposite you are espousing that progress is being made without evidence.

You know what would put this all to bed, is a disclosure from the Company, which we don't have. An exploration Company asserting a defined timeline to enter into production is literally the definition of a price-sensitive event.

The absence of news cannot in anyway shape or form suggest any progress is being made. Disclosure and factual information can, and guess what, there isn't any. As a shareholder I will call the board out here and you can put as much spin on it as you want but the Company dangled the carrot on a timeline and have failed to update the market within their stated timeline.

JDAU: "It is also obvious that work will have progressed significantly over the last few months as per the previous RNS" - can you explain how you are able to factually substantiate this statement?

I'm really looking forward to your response here.

Well there we have it. The board of Xtract has failed to confirm that it has delivered against a timeline that it stated within public disclosure. To remind again 3rd Feb in reference to the Silverking asset: "The operation is within three months of production commencement".

The board has not delivered. Just like over at Galileo Resources where Colin used a made-up 5 month timeline on achieving a commercial at outcome to cheat investors into a fundraise (which he also later didn't deliver on).

The Copper price is c. $13k/t and Xtract currently trades at 0.85p, why? Because Colin lies about timelines and cannot execute.

Actually that is not fair Colin is very consistent at delivering deeply discounted, warrant-ridden fundraises. As a reminder for this lack of delivery Colin is currently receiving 6 salaries of publicly listed companies on the LSE.

Total disaster!

Feb 3rd "the operation is within three months of production commencement".

We are now going to find out whether Colin can adhere to basic principles of Corporate Governance in a public company and deliver to timelines.

If we manage to get an update by Tuesday next week (it's bank holiday on Monday) then it's possible the company will actually begin to start an actual track-record.

Let's see what happens!

Just to be clear NTM I'd love for the SP to go stratospheric, what I'm saying is that alot of levers would need to be pulled for that.

Yes the SP momentarily shot-up but again with XTR it's driven by such silly speculation and ramping. What this stock needs is robust fundamentals and change in order for it to be genuinely recognised as a high quality exploration play. Moreover given the assets in the portfolio it wouldn't need much to make that happen and then it could be a company worth 10-15x of current levels. Some suggestions:

>Maybe don't have an Exec Chair that draws a high salary from being on 6 listed boards (cannot even believe the LSE allows this) it's a lifestyle and dilution of focus. This company deserves a dedicated CEO with correct LTIP alignment

>Change brokers, the current brokers are able to persuade the company with ease to conduct highly dilutive fundraises with warrants which is great for their fees but crushing for the Company and a huge red flag for institutional investors

>Engage actual equity Analysts to write real research rather than former recruitment consultants who are self-anointed experts having never done a Geology degree

>Build a track record of actually delivering on time and actually being honest about the progress on projects. This one could actually happen with Silverking and potentially in Morocco too but let's wait to see what happens.

Based on the past track record it's not inconceivable to see ramping post early production the SP getting towards 2p with high volume and then the Company doing another dilutive raise at a steep discount for a made-up reason - which is very much in the interest of the brokers and their flippy low quality investors.

Restating post as posted by glitch:

We are just a month away now from the promised "production commencement" in the RNS of 3rd February. This will be the litmus test and if honoured will demonstrate a turning of the corner in the Company.

I'm not surprised by the recent share price weakness and ultimately it's a reflection of 2 things; firstly the poor track record of management and secondly the ultra low quality of investors who came into the last placing from the Company's bucket-shop advisors, remember they're in profit at anything above 0.6 so can dump at will and they have free options at 1.2p.

Reading some of the comments on here I would say that if production is achieved we can expect a bounce but the idea of XTR being a £100m market cap are entirely misleading. This just isn't a £100m market cap company, it has appalling corporate governance and won't be touched by any institutional shareholders and the bucket shop advisors will continue to force our gullible chairman into raising money into any price strength at deeply discounted levels so expectations should be tempered on that basis. That being said I imagine a 1.5-1.7p if we get to production, which is about right for XTR.

We are just a month away now from the promised "production commencement" in the RNS of 3

Almost fell of my chair this morning an announcement in March following one in February, it's almost like XTR have aspirations of being a public company!

Joking aside this update is very welcome, it shows a direction of travel and a clear intention of initial production at both sites. Whilst detail of $spend isn't forthcoming just yet I imagine the numbers will follow shortly. Antimony supply is sufficiently tight for there to be serious demand, on that basis it is hoped the Company can secure an offtake agreement which would commercially de-risked the capex. G

Is anyone able to alluded to how the silver will be treated because I can't see that in the RNS? Given the high grade silver that was found in the drilling I imagine there should be significant silver credits during the mining process. The hope is that silver mined as part of the copper mining will also be included as it should add significant revenue.

My count concludes. 3 months until production, an actual date that can be held accountable to. It's almost as if Colin has been reading these posts and decided to grow up.....allelujah!!

126 days of no news. Forgot that Colin doesn't work on Xtract on Tuesday's. The problem is he also doesn't work on Xtract any of the other days of the week either!

Correct NTM. It's been said on this BB many times before, an accretive asset sale in any of the stable will put a wind in the sail of all the companies. Right now BZT is the largest, if you could call it that, with a pathetic £17m market cap so nothing to write home about.

I think a lot of cynical investors minds' including that of my own would change if he could he could demonstrate a $100m straight sale of an asset. As I've said before though I just don't think he's capable of it, and the silence in XTR shows that he just doesn't care, each thing is a shiny toy to him until it isn't.

As i've said before Colin must be merited with his consistent delivery of dilution. 70% dilution for AFP today, great work Colin, top notch!

125 days of no news. Disgraceful!!!

JDAU it's the very lack of the "FCA approved news" that we're having these conversations in the first place. Also it's LSE that approves news not the regulator but then having read your comments it's clear you're not the sharpest tool in the box, did you happen to work in recruitment too? Haha

Nice I can see the link between "financial services recruitment" and analysis of complex geological structures. It must be a pre-requisite for commenting on mining stocks that recruitment experience.

No surprise that actual, real Equity Research Analysts have never published on XTR.

"a write up by a well respected financial professional" would you be referring to the failed lawyer, turned recruiter, turned journalist who doesn't have a degree in geology? Classy JDAU, great skills