Member Info for Pie314

I mean alongside SINO.

Anyway I think now is a very good time to buy as the SP is at a massive discount and we will see increasing production month on month IMHO, and consider much better than expected increases to be more likely than is indicated on this forum or by CBs PR skills. Finding the right contractor after SINO will not be difficult as they are honing in on the best aspects of the mine.

So yes I've found a gap in my timetable :) I would just say that I largely agree with you. It becomes an issue of trust not because CB is an untrustworthy person, but because the gap in communication creates a two way alienation that exacerbates complexes and weaknesses. He has oscillated from being too specific to being too general. What he needs to do is stand back and find the right balance. He has taken the project to the point of success and he is now very close. I also suspect that he simply hasn't found the right strategy yet for keeping to AIM rules while managing a successful PR strategy. It would help if he started to read this forum because then IMO he would quickly realise that he needs to fill us in on the 400K.

Thanks for the helpful reply Teacup64 will post reply but better get back to work :)

Let us set some goal posts for CB: You have already got us on a solid financial footing and found a great contractor in Sino. Now find the most profitable way to take the mine to above 25kg and then build on the success with further exploitation of Manica and other opportunities, and restructure the business again (you have already massively reduced overheads).

CB is not the greatest at PR but how the hell can you say it is the point at which he should resign??? I suggest you sell any holding you have (and I will happily accept a drop in SP and will top up) and go onto another forum and companies to annoy some other shareholders.

I think he might even call himself a miner, given that we have gold coming out of the ground unlike many other companies on AIM!!! I blame the market makers and AIM itself.

I would be tempted to label you as a deramper Teacup64. And CB is not a deramper, he is a player. I have criticisms but what is your position Teacup64?

I am sorry but this is NOT the worst company. There are lots of mining companies that are hugely valued compared to this that are NOWHERE NEAR producing. We are at the point of ramp up of production!!! SEE THE BIGGER PICTURE.

laurenlouise, it is quite fun to do such a valuation since one can look at the four minerals and come up with a base price, although knowledge of the crop trials and suitability leads to a better and higher valuation. There is a best case scenario which I won't go into even though I consider that we will be closer to that than the worst case scenario. But the worst case scenario is that price needs to be lowered to increase demand. At that point we look at the break-even price and realise that this is an incredible opportunity. I suspect you know this but want to load up for as long a period as possible? Another strategy will be to be ready to enjoy volatility, knowing that if the SP drops it will be temporary due to the underlying opportunity that will remain. Sorry if long winded but I've been out of the loop.

Question: How long should certain posters on this beloved forum bashing XTR when they have nothing better to do? How long will it take them to realise that finding gold is not the same thing as sitting at computer theorising about ants? How long will it take for them to realise that they have already contributed to bashing the SP down to a very low point considering that this is now a working gold mine. How long will it take for them to link something inherently difficult, challenging but ultimately rewarding in their own lives to the endeavours of CB? All in good jest :)

Thanks JDAU and please visit the forum regularly because the bears outnumber the bulls and it gets me down a bit, also couldn't get to the AGM at which I planned to ask some very challenging questions even though I am positive that the SP is undervalued for several reasons.

I am holding for lots of reasons. One is that IMO Gold is going up. The other is that the SP drop is overdone and too early for the following reasons:
a) Fundamental that this is a mine at start of life, not a distant prospect. Therefore expected shape is rise to a real peak (not the early peak).
b) News is real: the knowledge of the alluvial mine is increasing as it is mined, this should be expected, not as ideal, but as in the middle of the bell curve normal (sorry about my English). Secondly news about contractors is not as negative as stated, since SINO is the (only) successful one so far, but also there is now the opportunity with new contractors to set up more of win-win for XTR as well as contractor.
c) Alluvial mines really are "random" in their ramp up, although growing knowledge reduces this, so any trend towards full production really is a full on buy signal.
d) Since the SP drop is on low volumes it is largely Market Maker driven, setting up their favourite device of a gradually increasing SP pulling up volume.

GLTA especially LTHs. Will phone XTR tomorrow as too busy today. As ever will post success on "can we have the results please and be reminded that we need to trust you". Although I agree that SP rise can happen with no news, but only for about a week in this case IMHO. Having said that I honestly think that this can be that rare thing of positive RNS = positive SP. Eat my hat or told you so toodle pips.

SP pushed down mainly by market makers as evidenced by large drop on small volume of trades. I suspect they will allow this to gradually recover (or quickly if volume grows) back towards 3p and then they can get the pitch right upwards for success and downwards if there turns out to be some truth in what the bears are saying. In other words this is a buy at 1.3p!! And this time a positive RNS will NOT result in a fall in SP, as it has already been crushed.

LittleWing, yes I want an improvement in information going forward too. But the idea is to achieve a similar result as not using contractors, but with less risk. It is a strategy with advantages and disadvantages, but it certainly doesn't mean giving away 80% of the profit!! The idea is that we get a small reduction in profit, but let the contractor use their turnover. I hope that relationships with contractors that are successful will also lead to further opportunities. I have seen this work especially well in the construction sector, but there are obvious differences.

What we need to see going forward is growing knowledge and production of the mine and also refining the strategy demonstrating the stated intention of CB to shareholders to find a win-win for us first contractors second. There is no doubt in my mind that we will all be finally able to make our minds up in the next few months. The news in mid-July will be the first big clue.

The mistake that CB made is that he was too optimistic about dates leading up to full production. He got them wrong. But this is not exactly surprising given the number of unknowns inherent to mining. We are now getting to know the prospect and develop relationships with the right contractors, such as SINO. What we need now, in mid-July CB says so yes let us hold him to that, is the knowledge that production is increasing. I am confident that a lot of hard work is happening.

Hawai thanks for your post. This mine is actually at the stage where it should be increasing in value. We are not at the prospective stage with the accompanying early peak. We are at the mining stage where the SP goes up in a sustained manner as production increases.

Ghostwriter. SINO is working there. We are expecting increasing production. The issue now regarding the area of the mine that Moz was working on is that it is fine gold. We have a mine and as it becomes mined knowledge increases and we respond to that. Does CB get any credit for hiring SINO?

Littlewing your message is extremely unclear. By 15-20% do you mean profit or turnover? By 100% do you mean profit or turnover.

will have a total rethink on this now that volume is starting to arrive IMHO

There are quite a lot of long term investors who will stay on board until Manica matures and future prospects emerge. I am not the only one :)