Member Info for NicetoMichu

Correction : Moroccan - not Tunisian - Antimony JV

Apols

Great if you two uber bulls are right!

(Towards balance, I'd offer: In this game, anything any which ways has a chance of happening)

I understand why some say BR is worth 0 in the short/medium term here.

Off the back of that sentiment, I offer:

With SilverKing looking a very interesting prospect here/now, why not tag it to the roaring copper price driver narrative here, instead of Bushranger?

Aside: Antimony, SB in Periodic table, could also readily be 'Saving Bird' in Xtract boardroom table

Generally, there is significant opportunity for our Silver King JV and our Tunisian Antimony JV to be serious drivers of the s/p here well before Bushranger might be.. especially from the current starting position of a ridiculously low .75p s/p here..

imho & Dyor

Great if you're right StockCheque, but my instinct is that's too bullish.

I'll offer that this might stay in the following range for the rest of this year:

2.5p to 7.5p

My Question:

Would Mike Buck be prepared to commit to spending the same amount of time actually in Mongolia thru the rest of 2025 and all of 2026 as he averagely spends in any given 18 months in the The Long Bar in Raffles Singapore?

PS: BeWiser2 wouldn't be your back in another/latest form Mr WOS?

(this alias ties in nicely with the wise in wise owl speak.. and the new trading orientation as in real pro trader ?)

''Yes it’s a risky buy in the sense I don’t believe the underlying business is sound. Nevertheless they are now funded for a while and have some potential good news to drop if / when the tax dispute gets resolved, although I suppose that could bring bad news. It’s just a trade for me really.''

Agreed Adw - and StockMaiden - and to that end, I've never had more than 10k gbp in play here - from as far back as not that far off 10 years ago now - and likely never will.. PS: I've only got approx 5k gbp in play as I type this.. and while I'd be surprised if this went to zero, if it sadly did, then I'm ok with that too..

I'm buying here/now, Bewiser2.. small scale only.. but would increase the increment size bit by bit if this goes lower again.. eg added 250,000 so far today.. and would add more than that again if this goes into the .6's ...etc

( I categorically hope for the long suffering here this doesn't go into .60's btw.. fortunately, it's the houses money I'm plating with here - from over way back previous years range trading here.... and this will be no more than a fairly small/low priority play for me - .. so I'd rather this rallies from here than me add say 500k ish more shares in the .6's / lower )

The Italian Stallion has served up some dogs dinner here, sadly... but fair play to you, one of his most loyal supporters, for continuing posting here now, Take your Bets!

I'm still - v small - on board here ..and even did a tiny averaging down buy here too .. and might do one more if this goes under 3p.. (I genuinely hope for those who've been mullered here that it doesn't)

PS: Are you open to giving even a rough indication - eg to nearest 25k gbp - on how big a mark to market hit you've taken over the last day and a half - from 16 p to 3.5 p - here TYB?

The SilverKing drilling results so far absolutely deserve positive posting here imho.

The very complicated history with Mr Bird over promising and underdelivering - at xtr.l and kinda all the rest of his 'vehicles' too - muddies the waters I grant you... but, as he manoeuvred us into that SilverKing JV as only he could, I just about don't want him to step down this AGM; that's a generous shout by me, I get.

I guess the- imho - further up tick in posting negativity here around now is at least somewhat because the SilverKing RNS's - including helpful contract terms clarifications by the likes of JDAU and Little Wing, thanks - and the latest PoC strength together should, by many reasonable definitions, have seen this s/p rally to decently over 1p - or more - by now..

I'd offer that if more b/board contributors give more glass half full posting a chance here now, then that may help encourage a rally more than glass half empty - or a lot more than half empty in many posters cases- posting might?

As the fundamentals are in better shape here now more than at any time in the last couple of years + imho, I don't think that's an unreasonable request by me.

While I'm saddened by today's fall, I'm not shocked by it..

Also, I'm tempted to try some short term trading here... but am resisting so far.. if it gets to 80% down from Wednesday close, I'll probably then not be able to resist the temptation though

I've been involved here a long time and am fully aware of the multitude previous false dawns.... and so am very sceptical of the foolers rose tinted's as a rule.....

...but I can't remember such a rich combination of meaty contract wins... alongside likely future meaningful contract wins .....alongside actual go lives too ....

And, DRC, by far the hardest get live of the current in play crop.. and a mare so far .. so why even mention it alongside this lovely extension win today.. yet he goes out of his way to give it a mention today..

I'm plenty shocked by this. And very sorry for those who are going to take a big hit here.

Including other 'tricky' history, It will be such a journey for Andrea Cattaneo to get back any semblance of a decent reputation now, but I think it's important he stays and fights on hard here .... and the company has got some fall back on assets delivering still....and some setting up for future delivery too.

(I got lucky here but still have a very small bet in play ... which I expect will get hammered in the morning... and, generally, I've had my fair share of bad luck else AIM where.. and AIM is often such a horrendously brutal game, alas)

PS: A lot of short term traders in play here from tomorrow.. not sure if I've got the minerals to add to my position into whatever fall, towards getting involved in that short term players gaming.... but let's see

''Ntm the lack of momentum might be due to lack of clarity on %’s is my thinking''

it might be Jackbal.

More generally, in my mind, right now, the market values Bushranger at effectively 0 value.. and it values our SilverKing JV at effectively 0 value... and it values the Morocco Antimony JV at effectively 0 value and it values Western Foreland licences at effectively 0 value .. and the other assets beyond the cash flows from Manica sale at effectively 0 value too ..

This is - clearly from my posting - ongoingly hard for me to get my head around.... but is what it is ..... for now....

I'll pass on that Jackbal.

Instead I'll steer towards a macro way I look at such copper exploration endeavours:

If the exploration program gets to find 500kt of contained copper and it was decided to look for a 'quick sale' thereafter, great if someone here estimates the total $ value such a sale might achieve ( he vaguely touched on a nearby ish such occurrence recently for a cross ref.).. and take half of that going to xtr.l.. and compare that to how much xtr.l will likely invest in up front payments and drilling costs /mine scoping studies etc at SilverKing.. etc

Granted, my guess is CB, right now, more likely envisages using a JV to build a mine/ongoingly mine Silver King and not a quick sale after phase 2 drilling/mine planning etc.. (a la Manica, before the later decision to sell out of it to the JV partner )

PS: Most here were looking at Bushranger in the same macro valuation methodology I outline above for SilverKing too.. and still do

That podcast reinforces in my mind how surprised I am that recent SilverKing RNS's alone have not, so far, provided strong momentum to this very lowly share price.....

Balance is important on any BB... and JDAU - and Mr Zap too - provide plenty of positives towards achieving that here..

This is required around now, as there are - reasonably understandably - plenty more posters with negative views here at this time than positive views...

I applaud Mr Zap and Mr Dau for their posting here.... and, in the round, I'm far more positive for the future of xtr.l than I was a year ago for eg .. and I'm pretty surprised this s/p is not in the 1p to 1.5p range now....

That's a good post Jackbal.

Even if I accept - most - all that, I'm reassured by:

1) there seems to be money flowing back into AIM generally

2) metals commodities prices are coming into a - very even - strong cycle phase

3) SilverKing looks interesting as something near term tangible for people to hang a hat on

So, my gut tells me, xtr.l will get 10 to 15 m + market cap as we go thru 25 /26, even if Mr Bird doesn't get a new CEO in in that time ( and he might get that new CEO in 26, I'll also guess )

'ere's 'oping

''When activities and plans are not being reported sufficiently of accurately enough why should value attach itself?''

One answer is that it shouldn't, Jackbal.. and, blindingly obviously, hasn't here, so far, this 'go round'

Mr Colin Bird is indeed extremely lacking in transparency as a rule, plenty of that because he knows he endlessly over promises and under deliverers. But that's not to say that he doesn't make slow incremental progress, still. He certainly has been at SilverKing and he got Manica into solid revenue generation via JV and achieved an ok ish sale price... And Bushranger could of course, one way or other, achieve bottom line value for xtr.l eg sell on to another explorer for further exploration for a 'token' $10m to $15m ish, which is more than the current overall xtr.l market cap btw

Also, generally, there are a combination of key value drivers in a share price such a metals explorer like xtr.l.. And plenty of those are in good shape here now eg:

prospectivity of licences

underlying commodity price strength

non equity raise dilution of existing shareholders

So, in the round, at 6m gbp ish market capital, I think the market is being significantly too harsh on Colin Bird/Xtract Resources progress thru 24 and 25 .. and I expect/hope that will change sooner or later

imho & dyor