Member Info for NicetoMichu

37 odd m shares traded here today according to the London Stock Exchange, Stas.

Re trading patterns therein; Is anybody else seeing a bowl formation here... specifically the toilet bowl variety .. and sub specifically the full of shaait version of that variety?

While I know this doggy is not AIM... it looks like.. smells like ..etc .. to me... so:

Having played AIM widely for too long now, beyond it being potentially soul destroying - eg the AIM all share index has being going down for 26 months now to the tune of overall 50 ish % down - by comparison in 2008/2009 great crash, while the fall was somewhat more brutal at 66 % per cent ish down, the Index turned meaningfully back up after 20 months falling - leads me to offer the best way to look at this is to keep it simple and short term; so there needs to be a decent rise in production here in the Oct/Nov period, else this s/p will take a further hit imho .. -although the potential JV here helps with a s/p floor somewhat.. I'd have like to say plenty... but somewhat is a better call I've more recently - regrettably - come to think..- and while that may sound incredible to some, at such an already smashed current s/p, it potentially isn't that incredible at all, sadly. BUT... if there is that meaningful production increase imminently, this will rally strongly imho

(I'd love it to rally strongly in anticipation of an imminent production increase too .. but I'd have expected such a rally to kick in last week...although there's still a chance it will kick in soon too, I'd like to hope,.. etc )

Ps : andmillsy and Andrew have got the Manica financials to xtr here imho.. So it's best I leave all that to them. I'm wondering might you consider doing the same, Creulla?

That sounds far too intelligent for me to write. So I'm going with andmillsy wrote it and I subsequently cut and paste it!

Thanks for below feedback Jamesiecake....all fair and good sounding.

(AndMillsy and Andrew are very good on nett to xtr Fairbride revenues based on Empress feedback and xtr RNS's together too.... and have a latest production cost steer etc from yesterdays RNS if such deduction is still required going forward too)

Generally, towards giving our share price every chance to rally in the short term, there is a genuine and obvious opportunity in the coming weeks/months for CB to focus hard on publicising the gem that Manica is for Xtr. He could have been doing this for plenty of weeks/months already now.... but he can, surely, now do this over the coming weeks /months, please.

''The missing piece of the jigsaw will be operating cost and XTR profit based share which I believe will unfortuantely only be apparent in the full year XTR results.''

SNAP with what I'm trying to say in my post below andmillsy.. but, generally, your command of the English language is better than mine, I'll admit

Thanks for this distinction between the Alluvials vrs Fairbride reporting Jamesiecakes.

But, also, I note wording from yesterdays RNS :

''Xtract will report production and gold price statistics only for Fair Bride on a quarterly basis. Xtract's 23% net profit share will be reported on semi-annually in Xtract's annual and interim financial accounts.''

Happy to stand corrected - again - but I read this as while we're getting some Fairbride figures quarterly - total production and gold price achieved for sales - we're only going to be getting nett Income to xtr from Manica reported every 6 months? (ie we're not getting nett income to xtr reported quarterly... and as we're also not getting AISC costs quarterly we won't have enough info to deduce xtr income no's accurately)

(In my last message I said :

''seems have changed Manica financials feedback from three to six monthly ''

Not as incorrect as you first might have assumed, I'm now wondering if you're thinking....if no apols.. but I could have worded it better too

And I should check back previous RNS's to see if my thought that we were told we were getting FULL financials to xtr from Manica every three months before was even correct.... that may not actually have been a correct thought in the first place granted.. but it's academic now, so I'll not bother. )

It's undeniable that xtr share price is a mess, but equally undeniable that xtr as a company is its financially strongest position ever... and Manica is looking like a cash generative gem going forward for years for xtr and this share price is currently significantly under appreciating this fact.

I think Bushranger further drilling might be re visited when the copper price is meaningfully higher than today and I'm absolutely in agreement with CB re leaving this program out in the long grass until then (Only if/when the share price clearly starts to again attribute value to Bushranger should further drilling be considered imho)

Zambia is his focus now, generally/clearly. Indeed that to the extent that he seems to be seeing Manica as a lower priority cash cow feeder to xtr's new licence there (To back this point up I note that he now seems have changed Manica finanicals feedback from three to six monthly.... and as someone who is here primarily for Manica that's disappointing to me.. and given Manica is now coming into it's sweet-spot and xtr s/p is in need of more short term good news, its further disappointing again to me. Indeed I'd go as far as annoying more than disappointing)

Generally, I think CB feels this s/p is a joke at 3p or 1p and while Manica is very a useful cash feeder, he's got big dreams in his head and rainbow chasing in search or a big win is what his time left in the game is about.

That Q2 Manica financials update RNS has - at last - now landed.. And I see it as generally very solid and very progressive...

AM/Andew/Zaphod etc have spoken well to the positives and 'less positives' of the figures in the RNS already, so only little I'd like to add ...

That little:

'' We continue to work with and encourage the Operator to achieve sustainability and excellence with a view to reducing mine costs to below US$1,000 per ounce which we feel is achievable against all of the critical parameters of the operation. ''

It's important you are successful in that Operator encouragement Mr Colin Bird ..... those AISC were a shock to me, to the extent that I'd say the minimum value I'd attach to BR is 1.75 p a share instead of 2p a share I previously offered, if such costs were the norm going forward.. (And the maximum value I'll now go with would be approx. 4p per shared for Manica not 5p, if such costs the norm going forward)

Generally, including other Xtr assets - beyond Manica - clearly not being worth 0 in my mind, and even accepting this brutal market, I still think this s/p should be somewhere in the 2'sp in November instead of somewhere in the 1'sp ... and todays small rally was a start back towards there at least.. and hopefully more s/p rallying to come this week and on into November too..

imho & dyor

Here's and analogy back FinallyRetired:

Art Trotter, doesn't go to the gym as a rule, but happened upon a rowing machine in a room he'd never previously been in the International Wing of his sprawling Hawaiian home... deduced it was his wife's machine...and when he saw 2000m pre programmed on the screen, his competitive bull nature kicked in and he WhatsApp'd his wife saying that he was about to do 3000m on that rowing machine.. and off he roared.

After 200m he exhaustedly stopped rowing... vowed to never enter that room again.. and thereafter to sell that house too.. and then went straight back to that house US Wing located kitchen for multiple sage grouse burgers... and fries... and claret ...and full fat coke ...some of that coke mixed with the claret too...and lots of cake for dessert.

Across all his AIM listed Co's this would be his first opportunity to undertake such a buyback ..

That said, I hear you Jessso.. I do indeed hear you: Do I think he will? No

At 250p + this is entering a new trading range now I think/hope.... so I see a decent opportunity for this rally to roll nicely on from here..

Here's to 300p ish here soon enough .. please

IMHO & DYOR

3 cardbrag,

Happy to stand corrected but I expect it would extraordinarily rare, if not kinda unprecedented that a company in this AIM sector with such a small market cap undertook such a share buyback exercise .. And therefore there is no meaningful precedent to benchmark against .. and hence I remain happy stand by my 2p guesstimate below..

This is a highly illiquid stock anywhere sub 1.75 p.. especially in these barbaric market conditions.... and even semi decent volumes of buying could lift it meaningfully.. So, if CB up front committed in Nov or Dec to for eg to 100k gbp buyback per month for 6 months from Jan 24, saying it was readily affordable including having almost no impact on xtr's asset development plans for 2024, that would be a big thing.. also including big publicity he could derive off the back of the uniqueness of such an exercise for such a small cap in metals exploration sector against such a brutal market backdrop too .. etc..

If not such a dividend, even a half a million gbp invested in a share buyback scheme in 2024 would add at least 2p to the share price imho..

Especially in the context of it being so extremely affordable versus Manica ongoing revenue .. and still allow him rainbow chase his already chosen rainbows too.

Manica gives so many opportunities to enhance shareholder value that go way outside the box that Mr Bird has been conditioned to think within off the back of years of no such ongoing strong revenue in any of his AIM companies. He just needs to open his mind up.....

(but he won't because his ego is obsessed with the thrill of the rainbow chasing drill for one more chart topper.. 5p a share is boring to CB .. 15p a share may barely excite him... 50p a share would get the old dog boned)

The race is long and in the end it's only with yourself

Great word.. and not just directed towards my last post here, perhaps .. or at least not all my posts here - and elsewhere - even, Naughtiegordie .. but no worries any which ways :-)

''That isn’t investing it’s playing the spiv game let’s not pretend it’s anything else!''

My response to that:

THIS isn’t investing it’s playing the spiv game let’s not pretend it’s anything else!

PS : I started off a buy and hold player in this game.. towards giving myself a sporting chance in this game I soon after became a range trader - eg sell spikes buy troughs - as this game is, on average , barbaric to buy and hold players, alas

Fine entertainment, thanks all .. but kinda confusing granted.. still, I think I'm now confident in saying that VulcanBoB is absolutely not the one and only Mr Colin Bird !.. but remain much less confident in saying that Old School Values is not the one and only Mr Colin Bord :-)

Ps: Through all this, I'm remain very confident that Howezap is Howezap

Fair enough.. some do indeed seem to be here to wind people up... and, unfortunately, a lot of people are large down here and - understandably - stressed off the back .. and to crassly undermine them is in very bad taste I fully accept.... not least as it can happen to any of us readily enough in this brutal game ..... so such posters should be banned, I get.. but not all bears .....and not as quickly as seems to happen on this BB for the non hateful ones ..(and I say that from being on many -many - LSE BB's) imho

But lets have this company deliver, for a change .. and the narrative can/will then change quickly, for sure

That's a very funny post imho Ashwaldo !

They keep getting banned because bulls post far more than bears here and LSE get plenty of their revenue from advertising .. which is based a lot on posting participation on their BB's.. and this is one of their busiest bulletin boards .. etc..

Plenty of the points made by the bears here are at least as valid as the bulls points....indeed the s/p chart would indicate far more valid...and the s/p is the benchmark the game is played against..

(The bulls have been endlessly wrong here as a rule, so far .. but here's hoping they are right - even short term - soon....very soon .. very please)