Member Info for Pie314

MIke29 thanks for the post. CB came in on Manica which simply hasn't yet had a chance to prove itself. The story so far is reasonable and really the best time to make a judgement will be when the mid-july result comes in. XTR is now close to having a detailed strategy about how to exploit the mine as its detail is revealed IMHO. My biggest concerns have been about communication which is possibly being resolved and I would really hope CB learns about PR from here. My investment strategy is not changing because I am clearly not as concerned as you are. GLTA.

If I had been able to go to the AGM I would have asked some difficult questions. I was kicking myself that I didn't go. Why don't we compile some sensible questions and stop pretending that we can fill any vacuum with poorly founded accusations? A more healthy discussion would have brought these up in a constructive manner.

It annoys me because resignation is actually a useful tool. So to misuse it is to undermine it. If there has been fraud - not difficult to find out if MOZ actually exists!! then that is much more than resignation. Resignation would be appropriate if his strategy has been proven to have failed. That is not the case, it is a premature judgement based strongly on thinking that this type of prospect is a highly predicable event.

The only thing I've agreed with to date is that communication is not great, not that this is unusual for this type of prospect. He certainly knows more about mining than you do.

Bull**** deramping bull****

Ooh someone has sold 5 shillings and 6 pence worth. Clifftops!!

We are told that the mid-july results will show an improvement. To me though they are not going to hang around at this stage: the gold is there. A long term strategy needs to be worked out as well which does not mean that we cannot get production up to break even in the short term.

nothing to say

Maybe the MMs will give this a chance when we see increasing production. I am a bit flat about a halving of SP on nothing substantially negative IMHO but I cannot see this not generating ever increasing interest at such a low MCap. Also once this does become a success, CB is right that this will, with SINO most probably, lead to further opportunities and a faster turnaround of the next project.

I think your timing is wrong Littlewing. It is too early to write off CB's strategy. We are only just getting into the detail, and by the way it was CB who chose Manica and CB who chose Sino so perhaps he is getting something right? I think that knowledge is power, and getting to know the differences in regions will gradually or even rapidly improve profitability and mid-july we are told we are getting figures. Also CB has a chance to improve relationships with new contractors and apparently there is no problem here (alluding to earlier suggestions that Sino will have CB over a barrel, when in fact maybe they just want a win-win arrangement and future prospects with XTR?). Manica is potentially worth a lot more than the £18 million value discussed earlier. Also

https://goldstocktrades.wordpress.com/2011/11/18/the-life-cycle-of-a-junior-miner/

This is why the SP is all wrong. The mine is already at the lower risk part of the curve. Anyway it does potentially mean a rapid rise is possible from here. I agree with Andrew that we get a substantial rise in SP this year (at last!!!)

Sorry can't resist replying to some of these posts. IMO they are not just hindsight is a wonderful thing, they are devoid of any attempt to understand the inherent nature of digging for gold. I believe that Colin WILL prove you wrong. A lot of work has been done at Manica, and actually the inclusion of several contractors DOES show foresight and planning.

All the negativity is coming from a fall in SP at low volumes, engineered by market makers secret schemes. I agree that CB is not strong at PR but ultimately that cannot be what this is all about.

GLTA. 10 4.

I know that sentiment will change.... The sentiment of the MMs LOL!

the strategy of the MMs. I know it won't help. Will come back when we have the increased production figures. Bye bye until then and GLTA.

Worth mentioning as well that a lot of development has happened at the mine, and that the strategy is being refined, but not substantially changed!!

Helpful post Andrew4444 even if we disagree on the time-frame, although it will certainly be valuable to get some from CB even though he needs to improve at this. Why call them 2m sells? They are some £26K which is almost nothing. The real reason no-one is selling is because we know that there has not been substantial bad news and to sell at this SP would be nonsense, just like the valuation and the sudden idea that it has nothing to do with assets and is not normally already based on the future. I have no doubt that the market maker is capable of pushing the SP lower, but he may find that he damages something in the process: his reputation.

SINO are continuing there, and production is increasing and CB says that this will calm the market in mid-July right? Of course if CB is bull****ting then he will finally be revealed, truthfully at last, to be a bull****ter. But I don't think he is fundamentally a bull****ter, just needing to improve at PR, so in that small matter we shall find out in the month of July.

On the contrary, since we are now talking more in detail about the types of deposition then future plans beyond alluvial look more likely surely? I just hope that CB will enjoy better deals by holding other contractors to the standard that SINO is setting according to CB.

Thanks Olderandwiser. Are you talking about, metaphorically speaking, football managers/club owners or Serp Blatter/Fifa?

OK Valhalla2017, but I disagree as previously stated. Too much focus on short term income in order to try to "justify" such a low SP and hence mcap. There are plenty of ways of valuing a mine but none of them can make sense of this, even the relevant arguments about giving away too much which are still fundamentally about short term income.

Valuation is useful, also in terms of deciding whether to sell the mine or produce from it. The decision to produce does indeed keep a company and its expertise alive, and in fact these are intangible assets as well. I would be interested to hear discussions about selling the mine. The absence of this type of discussion suggests too much faith in the market makers, which is why I broke out into attempting such a discussion, and hopefully some fruitful research and future action.

Mike29 yes I've been critical of CB too. I don't agree with your reason that that is why Omnia walked at all, but my short answer is that we are going to see a substantial increase in production. On the other hand I also think that CB is finally understanding PR, and that it has nothing to do with his own personal interpretation of how things are going. What is good news is hugely open to interpretation and market makers LOVE THAT FACT.

Nobody, rightly in my opinion, has seriously questioned the value of the mine. We are now getting more into the detail of how to get the gold out which is to be expected. So for example I am interested in securing the site in anticipation of when we get to the "nugget" stage, however I have no doubt that we will. Also the price of gold is expected to rise.

I suspect that the long term solution for me personally is that I will invest more where greater integrity is to be found in the wider market. Just holding the share until all the bull**** is gone is not personally enough for me. Neither is going over the top blaming CEO's for not being PR gurus, and probably corrupt market players in a corrupt market while they are at it (and all the other associated drops in standards that accompany it). With respect to XTR I still plan to hold until I reassess when Manica is mature and future prospects are clear.