Member Info for NicetoMichu

From recent(ish) Miraboud note:

''The implementation agreement detailing the final legal terms and steps to completion is expected to be signed in July by the interested parties. This will facilitate closing of the transaction in Q3, subject to Government consent, which has been worked up in parallel and, in our view, should be a formality. ''

I have a decent position here - originally in on Niger assets story and seven has been an absolute 'journey' so far -and like many others here have very high hopes for this share into the future.. but it is Nigeria (and Niger) and this deal was supposed to complete at back end of Q2 and no news tomorrow means perception of some further delays again.. of course chill and we'll get there in the end - hopefully - may be the order of the day but it's just another example of nothing ever running smoothly in Nigeria, or when it does, for one reason or other, it's not for long.. hence while I do agree that 28p is potentially way too low for this s/p I do not see this share getting to £2 ever and I'd be fully out of this if ever £1 was achieved.. and while I do expect - aka hope- Seven to fully complete in due course - hopefully Q3 of course - I also offer that if no news in the coming days and weeks on the implementation agreement completion there may well be 'topping up opportunities' at lower than 28p in August.. and potentially decently lower again in September etc.. all imho..

Generally I offer: Think of a fair and reasonable s/p on 'fundamentals' and take 50% off because it's Nigeria might not be a bad rule of thumb in life imho eg: I hold Lekoil and think it has serious potential but in the middle of another eg of 'it's Nigeria' there..

hopefully the business can start to push on decently from here in the second half of this year and I get to say I no longer perceive this as a dog share by this year end .. ps north of 2p by year end would be a reasonable comeback here now in my mind and I still have reasonable hope for this in 2019/20....with this extremely low market cap there should be a reasonable chance of decent upside from here at some stage in the future... hopefully

This is the stock I've held longest in my playing the AIM game - 5 years approx. - and it has been a journey and a half so far with considerably more troughs than peaks.. Conceptually I really like this stock and but my instinct is that this is now at last properly turning a significant corner... but I have said that before and been wrong...

I have a punchy target for myself of 22p here in 2018 and 44p in 2019 and 66p in 2020.. Here's hoping..

Ps; nice to see some up motion here this arbo. and 'breaking out' above 15p might indicate a sustained rally ongoing here..imho..

As ever DYOR and AIM is brutal so be very careful here and everywhere else on it

Sure written and verbal communication have been inappropriate here but the key driver is that alluvials mining are going poorly/badly so far and while they could pick up somewhat the ard rock especially FB is the real chance of salvation here now as they're a whole new game in themselves, but ard rock mining will take meaningful time to come properly into play imho. So this story is alas now likely to be more about Q4 2018 and full year 2019 and beyond imho.

Even accepting this, the s/p capitulation has been truly shocking to me and while I'd hoped this wouldn't go below 1p I'm now feeling given summer quietness in markets generally and probably little in terms of meaningful xtr news this could alas now go under 1p fairly readily. So I'm basing my additional bets here on no lower than .75p whatever.

Accepting I'm now in plenty of pain here the speed and extent of s/p capitulation leads me to feel compelled to incrementally add a third more shares to my bet here over coming months towards hopefully bringing my average down towards 1.5p. Sadly I do this not primarily out of belief in xtr but instead the extent of averaging down I may well get for say 5k gbp more thrown in the pot. With plenty of luck, I'd then hope to achieve b/e by end of this year. Of course I could lose more again but I'm ok sitting and waiting til 2020 ish here.. and there'll at least be some meaningful spikes in that time I expect, or maybe this will properly turn around in that time...but maybe it won't either, of course.

Good luck to all fellow holders, we're going to need it. (The race is long and in the end only with yourself)

You're welcome Andrew, Also CB's beyond Xtr footprint isn't just a problem in terms of time available to dedicate to Xtr imho: I mentioned this share as a tip to a fellow poster on II who i rate - Kalan - when at 2.5p and he said he was disappointed by CB's 'innovative' strategic calls in Jubilee Metals and therefore wouldn't touch xtr because he was in charge. While CB talks base principals and many of us stereo-type Yorkshiremen as getting the job done simply, I now feel he has a well sized ego that readily allows him see himself as clever enough to innovate in spaces where he's not familiar with the small detail.. eg Moz in all sorts of ways. I won't be at the AGM but offer that from now on CB should promise shareholders lots of humility and strong focus here and to keep everything as simple and clear as possible going forward. Trust is massive in AIM and I hope he openly accepts at the AGM that the biggest driver of the recent s/p capitulisation is a breakdown in trust in him. Sure less gold than hoped for so far and market maker games and leverage trader shut out are meaningful factors but the underlying driver to the collapse to a now extraordinarily low s/p is a breakdown in trust in him because he didnt keep his dreams/hopes to himself and just stick with a well rehersed conservative script

Thanks Mike, It was basically DragonSlayer, The Prior and me over there.. all long and wrong, so far.. and so not just bigger participant no's here but far far wider schools of opinion here too.. which is useful: a good BB should have a broad base of opinions towards balance imho I guess it will be hard for dragonslayer to come - back - across here as he claims to have been hounded off by one or some poster(s) here ? ... although the II BB is now that bad you never know :-) Worldy xtr trader indeed, he tells us... but it's actually only recently DragonSlayer has mentioned his trading strategies on xtr.. previously he came across as a buy and hold uber xtr bull, to me at least.. but this s/p has just kept on going down.. which may have helped him to decide to recently tell about his short term trading pot alongside his buy and hold pot.

Hi all, after the terrible II discussion board rework it's nice to now be posting here. But I have been reading posts here for a while and rate Andrew4444 highly. This share alas still remains a doggy imho - but not a doggy with fleas at least - and like most of the rest of you I'm currently meaningfully down on my bet here. However the ArdRock especially FB is my primary motivation for being involved here and so hope springs eternal. Generally, I am indeed disappointed with Mr Bird's and Xtr communication across the board and understand that regaining lost trust is not easily done but can of course still be done. He needs to manage expectations better imho.. instead of openly over dreaming/hoping and underdelivering versus said dreams/hopes.. eg alluvials have to be cleared anyway and all earnings from them could be perceived as somewhat of a bonus.