Member Info for Pie314

Not another one.

I agree. Of course there is no guarantee that England will score in the first ten minutes of the match and this really is the nature of alluvial mining. My feeling is that they are getting to know the mine and that means being patient whether we like it or not. I do of course hope that CB has something to pull out of the hat.

You see what you want to see has two parts, namely "news" and market maker behaviour that is obviously a separate issue especially at low volumes. At the moment I accept that I made a short term error of judgement in that dates have shifted. I also accept to some extent that CB has given away too much however I don't think that is a simple call in the medium to long term. Also I feel that a large amount of the change in SP is simply down to market maker behaviour and I am quite tempted to call foul on that, foul on AIM, and suspect that, somewhat like the removal of Sepp Blatter from Fifa, the world can be a better place ;)

like me! Fingers crossed and touch wood and come on CB show us what you can do.

This is a great investing question! It all depends on your exposure, but I am going to answer it myself as a shareholder of XTR but would appreciate the views of others: What might help you here is to put half of the shares "in the bottom drawer" in other words write them off for now, forget about them but with the consolation that they may do well in the "very" long term. Then you can think about averaging down the other half. But when you have worked out how much more you want to buy to average them down (to an SP of 2, 3 or 4p perhaps?) then consider what else you might like to do with that money. Spend it? Then definitely DON'T buy any more. Invest or save it in something else? It is worth looking at other opportunities since this has the advantage of widening the portfolio. My personal opinion is that provided that this was indeed a market (maker) overreaction then the AGM should give a strong idea of recovery of the SP this year, and that finally getting up to full production at Manica will take the SP to new highs at last. At this moment in time I accept that I am overexposed and hope to learn the lesson on that, even if it all comes good in the end. The golden rule on AIM seems to be that there will always be longer to get in than you think. Wait until the SP gives a great buying opportunity (like now with XTR!) and then buy in small and keep improving knowledge to judge further exposure. You have at least done well not to have bought more before this point in time! My plan is to hold until Manica has had a genuine chance to show what it can do, contractor issues go away or even lead to further opportunities and until CB is able to detail the next prospect.

All a bit early doom and gloom helped to give MMs excuse to drop SP. Don't forget some doomers and gloomers do this on purpose to get price cheaper to buy in. A great month of gold is what we need: SP is now so low that price WILL jump on good news and continue to rise. There is a lot of interest in XTR and it is absolutely still all to play for at Manica. CB trip to China very interesting I assume the SINO connection may have a long way to run and create new opportunities? Good time for an AGM I am kicking myself that I cannot attend. Is anyone else going. I already know that some will accuse me of drowning out the negatives, no I am not I just think dooming and glooming ad infinitum is a waste of time. I've already spoken to them at XTR a few times and I've left a message telling Joel and CB in no uncertain terms what I think he/they have to do for shareholders from here on in.

Low volumes though.

Goodbye AIM if this is how the MMs behave (to be confirmed). Will avoid and ask all investment vehicles globally to do the same.

XTR (left a message this time, spoke to someone last time who said lots of news to be expected in June) and I've also contacted proactive investors who do report a lot on XTR and do interviews with CB and I'm pretty sure they have his mobile number. I've asked them to get hold of him and find out what is really going on. I think the SP has been driven down at the slightest whim by the market makers but I don't know that. I feel that CB needs to be giving us more detail and keeping us informed more regularly and I got quite a positive response from Proactive about contacting CB. Hang on in there IMHO, I am expecting a much better month although the "alluvial excuse" is actually reasonable. We don't half need a good month of production though!!! I really would expect a bounce down at this SP even without news!

suggest this is all market maker games, but of course I don't know how could I without insider trading? Push the price down if there is a hint of negativity. AGM coming up, a good month is very possible and I am awaiting it hopefully with no reason to think negatively EXCEPT the movement of the SP on LOW VOLUME. Yes these are alluvials and will vary month to month. Anyway to me this large movement in SP is TOO EARLY IN THE SHOW. Sorry MMs but my long term position is that I am not trading anymore if you are going to be like this. I will buy bananas instead because the man who sells me those is not at all like you (swear words avoided).

You say "the market does not believe" but this is just short term market maker games in my book. This is a right old tree shake. On the positive side it may help build a bull market for XTR in the long term. Who wants a gold mine? Noone???!!!

Yes and the bigger picture will be in the next RNS regarding increased gold production and I suspect it will help to just have SINO focusing on getting us up to full production. My understanding is that the hard work will eventually pay off. At the end of the day the success is about getting the mine up to full production. I think this is happening and I would expect arrangements with contractor(s) to eventually reach a win win for all sides. The negative comments make me want to gain more info from CB about what we have "given away" however they themselves do not contain enough hard facts however I hope CB is reading this forum and will increase shareholder confidence by clarifying. What I do know is that we are now cash positive with no debts and I don't think CB would claim Manica is self-funding if that was a lie.

I got them on the phone the day before yesterday (see my earlier posts). They are busy with year end. There will be lots of news in June. Unless there is some leaked news which I doubt, this is just more of a shake out. Lots of buying at this price as it is now a bargain basement SP for a gold mine in the process of moving to full production!!

I topped up once after the RNS.

Thanks Andrew. Not sure what to say about your grandmother but in the mean time I suggest 1 2 3 4 5 6 7 :)

Thanks. It is not the first time I've been in touch. I've even spoken to Joel in the past. The truth is that XTR has come a long way but it has not been reflected in the SP yet. Surely there is a long way to go forwards and bounce, rerate and further rerate to come in fits and starts?

Hi LTHs I got through to the office today, even though the lady who normally fields the calls is not in until tomorrow. Joel, the finance director, (and whose sole focus is XTR) is very busy with end of year and auditors at the moment and so CB is delaying the next RNS (or release of information) until that is done and I have been told to wait until June for much more news. The mine is very busy (as we surely expect). I couldn't probe more than that, but I assume it is connected to the situation of the $400,000 and MOZ and also increasing production and SINO. In my opinion (and DYOR) they are at full stretch because there is now a real chance of getting Manica up to full production. Hang on in there and GL to all.

Anyone else with positive suggestions to up the PR to go along with the imminent increase in Gold production?

Yes ;) I have started a separate thread mostly for LTHs who would like to suggest to CB a fundamental change in PR to shareholders. I am sure he doesn't have time and doesn't want to spend the money, but it is also a way of raising productivity not to mention long term investment.

Hi yes I didn't have any luck today with XTR or jubilee platinum or galileo (actually I didn't ring them yet). I don't mind that no-one is available, and am not quite ready to leave a message but will compose one and leave one tomorrow if I still don't get an answer. The reason I don't mind is because this means that lots of shareholders have been calling and it has got too much. I am sure their internal numbers are alive and well. As I've said before I am not cynical about CB and "no news is good news" but my message will remind that the PR for dates slipping is non-existent. It is totally understandable that PR would be the area that would slip, but for these companies to improve, PR is part of it. I believe that CB is "chafing at the bit" to give us good news and ensure that full production is reached very soon.