Member Info for Pie314

Then you are a harsh and impatient judge. Judge not and ye shall not be judged.

Thanks HawaiifiveO good post. We've hit a concentrated vein of gold and the share price goes down. I think I understand the MM strategy here. I suspect that they have plummeted the price to give a gradual uptrend which is the one that will most likely generate volume as the mine matures. There is something to be said for not rushing (and I really do think that CB knows that we don't have any more appetite for dilution) this when the gold price is low.

Also it won't be long before this becomes a hot share tip as the market cap is nuts. Some of the contractor issues will actually give CB the opportunity to steer us towards a larger slice of the pie. The way to look at this is as the developing mine, not a character assassination of CB.

in that they may have had the wink and now was the time to make the project safe by answering the question "now before we give you the money are you sure you don't need more because don't ask later wink wink". If that is true then this is now a worst case scenario. That makes sense to me wrt Chris Fraser and his former big project. He has the experience to pre-empt rather than react.

Yes but the best deal is a two way street. I have topped up. Not sure what will happen tomorrow, but very happy to get the opportunity to buy in at this price for a long term hold :)

Thanks Teacup64, I appreciate your reply. Will continue to read your posts with interest, more importantly looking forward to progress this year!! GLTA.

Hi Teacup64,

I was looking at your other posts and came across: "Anybody fancy a chat on the Ziboa Metals BB....I'm not a holder, but we can always talk about how their metals COULD be of a low quality due to the POTENTIAL increase of air pollutants, or that their revenues COULD be down this quarter because of the POSSIBILITY that it MAY be humid."

Care to comment :) What is your average SP for XTR exactly??

There may not be many buys at the moment but there are certainly a lot of holds. Why are you holding Teacup64. I just want to know if you do the glass is half full as well as is the glass half empty?

I understand the truths about the past but the question is whether the new CEO CB and more importantly his strategy of a much much lower cost base (and in an open pit mine Manica, rather than Chepica) is making sense. It is IMO and therefore patience is needed as we have one good contractor SINO and a new contractor in a new part of the mine should take us to a fundamentally different place namely a valuation according to a forward PE ratio.

We are at the bottom of the REAL peak in terms of value behaviour of a producing mine.

Personally I would like a non-contractor approach now that we have SINO. I would get out there myself if I could! GLTA especially the very long term holders.

ha ha hrad you hypocrite your posts contain nothing of value and you obviously don't believe in forums and yet you are using one! Ha Ha watch Poldark I enjoy it too :)

The others are making fair responses. All I would say is that we have a gold mine that is producing. Compare that to the ridiculous valuation of many AIM companies that are only at the prospective stage. We also know the approximate value of the mine and it gives a valuation way above the current SP. Many of you don't understand the difference between cost and value, and then there is the SP, market makers and shorting. I don't understand it very well and I am not supposed to, this is no perfect market and therefore the SP is not the same as the value of the company. Hold because of what I said IMHO DYOR, that is what I am doing and I am only talking to people who like to talk.

Agreed. He is talking about adding shareholder value and really the story hasn't changed, and has money in the bank and is moving closer to profit so no need at all to raise funds but there is a need to keep increasing gold production significantly beyond 25kg and thereby into profit and this is what the new contractor is for. Sino was the successful contractor and he will want to build on the forward momentum there. The unfortunate fall in SP only puts CB under even more focus to provide proof of shareholder value. Once profitable a serious rerating will occur but we are not there yet.

I think we should be getting some good news soon but when anyone know. I'm thinking about when to top up.

I think we should be getting some good news soon but when anyone know. I'm thinking about when to top up.

I don't agree Cavity. Good news has been coming but that is not mattering to market makers who have taken the price down on very low volumes.

This is a gold mine producing gold. Hugely undervalued and then some. When will it change? September according to Hawaii 5 0 when Beaufort Securities shorting stops and mine matures.

You keep blaming Bird when you should blame AIM and shorting.

How is that Anna1023?

It is frustrating for shareholders to be sitting on the sidelines (reminds me of Brexit :)) but it is also frustrating for CB to be the small guy making this work and getting the best deal in his own estimation to take us forwards. No news is good news though, and all those months of good weather are going to yield a much better lie of the land for all of us.

I am glad you use the expression "too early". We both agree that XTR needs to move forwards, and CB has moved us forwards. But we now need to see a really good deal with the next contractor (and win-win with SINO) or some of us would like to get out there ourselves but the next best thing might be for XTR to have its own team on the ground next to SINO. If that is not what CB decides then I want him to explain how his other option is better.

I think that a bit of luck is needed now at the mine, to actually give CB the opportunity to show us that he can be the CEO that we want.

Littlewing yes you are now giving your opinion.

Short term holders long term holders different strategies thanks for pointing out that other lecture while lecturing us :)

Littlewing it goes on and on because there really are bulls and there really are bears. You talk about being stuck but this is a mine with increasing gold production. yes or no!!!!!!!!!!