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Starbright, of course you know the answer to your own question.
But given the data presented relates to a Phase 1 Q3W emprical data readout, I'm puzzled as to what else you were hoping for/expecting.
The clocks ticks on, not fast enough for traders, but grinding forwards inevitably for LTHs.
....as long as the free cash flow isn't swallowed up in exploring/developing new resources, which in time throw off more free cash flow, which is spent on developing more resources.......
Agreed. So why are we sending a second bulk sample to China?
@Ben,
The ink from signing the JV agreement with Oval has only just happened.
If you follow a similar time line for Bushranger from the initial project MOU through signing the JV and then onto first drilling, you had from June 2021 to end October 2021, and another 6 weeks for first drilling to take place. Clearly, there was much detailed analysis by his team of available prior mapping and drill intersections, to hit the ground running 6 weeks after signature. After that, you know as well as I do that XTR's PR trail went into overdrive (with "News" commenting regularly on each hole's importance).
I would like to think that a similar degree of geological analysis of past results has already been undertaken at Silverking, resulting in a similar 6-8 weeks wait from now, for the drilling programme announcement, and start up. We'll see.
The general UK downbeat retail sentiment is holding this down, as commented on this morning on BBC Radio 4 Morning programme by a CBI rep.
Surely the question is, which year will SAVE quote again.
Jezzoo, you come across as a cynical paper lossmaking shareholder here. Am I right?
Whilst I have every sympathy with your plight and psychological knock, it might pay you financially and mentally to adopt a more positive attitude given the strategic change for XTR in Africa recently and give CB the benefit of the doubt (again).
Just saying....
Interesting to see the CFO buys this morning. But the expert naysayers on here know better, of course.
Right. Anyway, these dates are all provisional and educated guesswork, but we'll all be happier when the MOU-5 spud occurs, before the permit extension deadline. That's all I'm concerned with for now.
By the way, on another topic, did PRD hear back from the Irish DoE yet?
So, @Keith, that takes us to around May 21st for MOU-5 spud if all goes to schedule. Jimmy was about right, earlier, then.
Hey, Lucky, are you going continue writing a post a minute of claptrap here?
Waste of space.
Got this E mail response from MR overnight
"Sadly everything takes time and we’re not always in control of how long to get things done. Investor remains committed at that entry price, we’ll get this done. Meantime we continue to work on DFS using both our own cash plus DFC cash.."
Patience, patience...
Nice one, @Keith, on April Fools Day.
I will have to write again to MR to try and tease out an explanation.
In my darkest moments, I fear that the II money hasn't been forthcoming, and that is the reason for the silence from MR.
SeisNav,
Thank you for reproducing your link to the Hydrothermal channels in ARCM's prospect licence areas.
I'm not a geologist so I'm trading gingerly here, trying to understand better the summary opinion you express about the critical importance of Cu-Sc soil sampling etc, in AA's mind. So please bear with me....
I have questions. First, did AA use this soil sampling approach successfully elsewhere in Zambia or thereabouts?
Is this method, that you elevate to the top of the list of being able to delineate a Cu deposit of size, commonly used elsewhere in Cu-prone areas?
What could go wrong , once AA starts to drill? You make it sound as if it will be like picking peas in a pod (not sure if that's quite right, but I think you know what I mean!) . I know you've been invested here for a good few years now, so you have oodles of patience. But one day we all need to see a good return.
ATB.
You're taking the p i s s there, surely.
Can't believe folk are still living in hope OPTI. Just another AIM rubbish company, requiring more PI cash because its underlying model working out. Oh, and it has that scum TW actually being long it, with his single biggest holding, if you can believe that.
Avoid.
Mralien,
I happen to believe that CB has negotiated the best possible financial risk/reward outcome for Manica, and hence for XTR shareholders by this sale.
The option of a £1 re-purchase if the buyer cannot make payments at any time is no different from the abysmal result for shareholders if we had kept our stake in Manica, and it failed to deliver cash flows to make it viable. Further dilutive equity raises would certainly then arise, with no free capital for Cu exploration to top it all. The sp would crater on that scenario, rather than holding up at a £8mn MC. I have NEVER been a fan of the Manica project, and time has proved me right. BR was a way of getting attention away from that costly venture, and that has been mothballed. So now it's up to his home stomping ground in Zambia, back to Cu prospecting in a "hot" address currently.
Very good luck, CB. We need it. He needs it.
"Explorator subsidiary cash received."
Eh? You mean the first down payment, only, or have I missed something? By 2027, yes, if the POG and Manica mine's operating capability both hold up.