Member Info for NicetoMichu

Did Schroders not take meaningfully part in the open offer at 32 p ish earlier this year too.. brought their average way down .. and that offer was at a very lowly price versus those 175p and 100p ones, alas.. and generally this remains an extremely tricky share to be in for most medium term investors here.. as in way under water, unfortunately.. but here's hoping for a bright future here

Costs for two quarters and income from q1??

Isn’t it Income from two quarters too .. just q2 not broken down in this report ?!

Fair enough andmilsy and apologies

I have no idea of the exact wording of the agreement.. but in business generally arriving at a nett profit figure from a gross profit figure might readily include plenty more deductions than you might 'like' ... Cruella

Was 36kgs of that q1 figure not for non fairbride production AndMillsy ie it was - the now finished, I think - alluvials?

(Which makes q2 even better ?)

Per my earlier post, I cut this from Q1 update RNS :

''The total gold production for these the Other Manica Projects in Q1 2023 was 36Kg (equivalent to approximately 1,156 ounces) of which the Xtract's share was 183 ounces'')

We may indeed do Andrew.. more 'stage management' from CB, perhaps.. hopefully this time around works out decently in terms of getting some s/p upward momentum back here..

Long story - very - short .. for whatever it's worth... from Manica,Mozambique ..I'll guess VERY approx £3.5m revenue for this calendar year

(Kayuka not a revenue thing. this year, at least..... and - the elephant in the room- Bushranger not either )

So nett profit for xtr this calendar year I'd guess at very approx £1.5m.. (a good chunk of which has been now ringfenced for that JV prospect in NorthWest Zambia)

Snap Andmillsy

(Ps: There was still a small amount of 'Alluvials' income in Q1 too: ''The total gold production for these the Other Manica Projects in Q1 2023 was 36Kg (equivalent to approximately 1,156 ounces) of which the Xtract's share was 183 ounces'')

Q2 for the below not included in the report 'a pity' .. So some guesstimation work required ..etc

''

Table 3: Gold Production and sales prices - Fair Bride (Xtract 23% share of net profit)

Q1 2023

Tonnes Mined & Processed (tons)

Average grade (g/t)

Au Production (ounces)

Au recovery (%)

Average sales price per ounce in US$

Cost per oz of Au (US$)

''

Cruella, Is xtr getting 23% of Nett profits the same thing as XTR getting 23% of gold produced, at Fairbride?

Indeed Moho.. and I didn't say it was in my post? ( suspension extension is now granted .. read Moho's post below instead of calling the Nomad.. as the latter would feedback something along the same lines.. imho)

I was reasonably confident this suspension would be extended and am -plenty - thankful it has been.

A key thing here is that this relists at a time of decent/good news/sentiment. Now is not that time . And here's hoping AK can manage to achieve meaningful positive outcomeS soon/ish towards finding that time.

Generally, I rate AK highly but understand Africa is a brutal table to play poker at.. and more so around now than previously in Save's existence. He needs firmly luck on his side . It categorically hasn't been so far in 2023.. and fingers crossed this changes soon; it can ...and needs too.

Re lack of news while in suspension from save.l: As per the AIM World over, good news is updated quickly and widely and bad news not updated and buried as much as possible.... And there has been little good news for a fair while.

Still, I expect the second half year in Nigeria to be better than the first half... and believe South Sudan or an other deal has a small towards medium chance of completing in this calendar year.

Good luck to all fellow holders here!

''My prognosis is he is TIED up in past how things used to be in Smallcap mining sector.''

Very much agreed Cruella

Re release time of results: Agree that 4 pm to 5pm window today seems most likely .. but lunchtime today is a possibility too imho .. that's anytime in the 11 am to 2pm window, per standard lunchtimes in xtr workplace :-)

Not too much to ask to put those interims out this morning, surely ?! They may come during the day today or otherwise will on Monday.. but it's just CB trying to stage manage things .. he continually does this across sundry aspects of updating on xtr ....and generally does that stage managing badly too.. That man is a law onto himself ...and thinks he's far cleverer than he actually is..

Still I like the assets here.. and the fundamentals, in the round, seem to justify a much higher s/p .. IMHO and DYOR

Mr ShortShrift member since 20th September 2023.. maybe he was on holiday before then :-)

...slow to resume posting here after his holiday, Sirs ?

Disappointing RNS but pretty predictable.

Still I did my bit with a top up here this morning.. and am open to doing a few more top ups here as we go.

Not sure why I'm happy to do more top ups ... maybe its because Mr WOS kept telling me to be and stay happy

TOP posting Mr Wookieemonster..

Every stock has pros and cons, by definition. There are a few posters here with amazing content, who brush the negatives under the carpet and focus on positives only. Their prerogative entirely, of course.. but your posting I take far more seriously. Thank you

And more than CB jumps from one of his companies or other exploration project to the next, even

Kevin Hart would not have paid that - relatively huge - dividend.. Crown Ocean Fund basically used that dividend as a bribe to take the reins here.. shareholders bit on the bribe ..... and 'their' gamble has backfired massively, alas

(But ,it's all a game of chance..... and this BET is a car crash for me, alas ..still, in the round AIM O&G is a sector I'm thankful I play hard..)

I'm shocked by this fall.. I thought it would stay above 25p, whatever.. Even if a fire sale, I still guess they'll make that sale and expect they'd get 5m gbp + for this business, even if in difficult circumstances .. and if 2.5m + debt to pay down - I haven't checked that I'm copying from panda below - that would still leave plenty more cash in the business than the market cap with s/p of 25p... But short term panic is a powerful thing .. and self perpetuating....and hence s/p 21-22 p ish as I type here, sadly

(and keeping even that 500 gbp here seems a bad idea now .... and I don't even want to add more to average down now... but if it goes under 20p in coming days I guess I'll end up throwing another 500 gbp at this.. to get my average back down into the 20's p.. ..ahead of suspension.. and just hope for the best from there..)