Member Info for Pie314

Mike29 I think you make some valid points if amplified somewhat. But there is no reason this cannot be rectified and I think good shareholder communication is now needed I am going to start tomorrow carrying something of your sentiment but also appreciate some of the ducks are now well lined up. Perhaps three contractors was in the end unrealistic. He is obviously very happy with Sino and perhaps three was a crowd. Hopefully some very strong good news coming, possibly with CB taking a step back on his areas of weakness not forgetting the other members of the board who should be stepping into the breach and CB should be allowing them to do so. My hunch is that we will at last see a settling down situation with growth month on month and Moz starting to deliver as well as Sino. If CB strategy delivers all will be forgiven, for previous boards errors also. If he does have his fingers in too many pies that is unsustainable in the long term and we should see that being sorted out as well. Very good value here if and when you decide that these issues are easily resolved and that on the whole the problem is that we haven't understood how much more solid the foundations are either financially or in terms of developing the mine or even new developments IMO.

I am wondering if losing Omnia is not a bad thing given that CB feels that relationship with Sino is excellent. Any help with percentages would be great especially from the horse's mouth but would appreciate anyone else's opinion or expertise, also considering hardrock, deep pit, but not really expecting much yet about other opportunities except from CB.

Interesting although it seems we need clarification on percentages from CB which I think will be forthcoming soon. I am contacting them tomorrow when the secretary is back in. I got transferred to South Africa today! CB with Jubilee as well which IMO is potentially a great thing for future opportunities for both companies. What is your view about future opportunities in Zimbabwe (or elsewhere). Agree that open pit mining is a great idea in this area for low risk, and that the high rewards are to do with getting to know the full potential.

market makers do manipulate the prices. Value and supply and demand are just the easier components. Generating volume is quite something else.

Growth stock. Standard pattern here. Have to distinguish between growth and income! How do I know? Because I have personal experience of such things :) Signing off at last :)

https://m.youtube.com/watch?v=fmrAJ3Bt4HM

Hi I said I was signing off to do my day job. Oh well it is going to be a late one today :) No I think it is clear from my previous posts how many kg I am looking for this month. More importantly this SP trough at this time is just what we are all surely used to in AIM. It marks a turning point IMHO. I don't want to dig a hole for myself ha ha but watch presentation and see if we can get to 40 or 50kg and expect CB to keep us informed (I think he is communicating the need for a proving amount as we speak!) about this month which is May which doesn't have rain anymore. If you are sitting on the fence I think you have time to get in. GLTA really signing off now. ALL IMO DYOR will let you know if I get a tickle of legal info from calling them. I recommend you do the same.

http://www.kitco.com/news/2018-05-07/Speculators-Slash-Bullish-Gold-Position-Price-May-Be-Due-For-Bounce.html SP is controlled by the market makers, and XTR is also a defensive stock as attached to price of Gold. Like I say CB is a net-worker. See my earlier posts which show I understand negative perspective, but you have to be in it to win it. Much better gold this month, well over the 25kg CB tells us we need. Very bad rains, over double what we've have in recent years. Check it yourself. He is not needed for digging :) XTR on totally different positive footing now. That is for a reason, and the reason is not to stand still but to build on Manica and find new opportunities including Zimbabwe for low risk high return. Give CB strategy time to work, he is accountable for his actions. Signing off GLTA.

is important but also just a stepping stone, you can't cross the river without it, but big gold in May, and big deal in June. Why not? Company on forward financial footing, other opportunities and collaborations around the corner. I'm signing off now. Will see if I can get any info from CB without breaking the rules. Positive RNS round the corner, Colin really does want to prove his strategy after the heaviest rains for over a decade. Much more positive vibe coming after the shake.

Bearish market makers or tree shakers. Great time to buy now for the cashholders as bad weather gone and lots more kg of Gold this month!! Will bounce back big on even a hint of good news now :) Hold onto seats time.

is the mood at the moment. But we are in a very different and much better place than when Colin took over. Shareholders (I am one and I've topped up) have an important perspective, but so does the CEO and it may be frustrating but he is the one juggling the balls, not us. I think the fault we are seeing in Colin relates to something that does have a positive. He is the sort of guy that networks like mad, and this can lead to giving a little bit too much away in the short term, however it also leads to further, collaborative opportunities down the line, and I mean just one step away now. We will see but I almost want to get a job working for XTR now because I see so much potential here and I mean in the very short term. IMO the self-diagnosis of the shareholder as impatient will soon change to, oh yes being positive, taking it in stages, and getting on with the wider mining community, is the right perspective. CB, you gave a way a bit too much last time, but your contractors know that and you can look them in the eye and stay on top because the next big deal is just around the corner. In the mean time, thank you for getting XTR into position for greater success, and getting us on the front foot financially. You need to score 100% next time, good luck and I'll call you mate when I finally meet you.

give me your shares said the market maker. I love this wave of pessimism, and it is helpful to keep the board on their toes. Personally I would like to know a bit more about security as well. However the bulls will arrive soon! I'll let you know when I think the SP is fair. We are at a tipping point without doubt. There is nothing wrong with a trough here to mark that. I expect we will have some positive media news as the mine really gets going after all the rain. CB is the boss and does deserve some credit for getting us to this point.

Yes but I am trying to resist saying that 4p will be the new minimum price here when the market can no longer deny that XTR has entered a new chapter but you can't rule out short term volatility which has taken us to a new low right now due to market maker behaviour before the herd arrives. Talking on forums makes you feel like a pebble not an avalanche but that is not the point. This is a GROWTH company it is not about dividends it is about Gold production month on month. That is not a pipe dream it is happening and sooner or later the market will catch up. SP up from here and will let you know when I am overconfident :)

Ammu123, that is why I talked about 40kg because in my mind that is the level at which CB won't be able to resist a bout of quantified optimism :)

sorry to clarify every 10kg per month (or if we achieve a 35kg per month average) should result in correction and significant price increase of 25%. Anyway we can argue about the figures (until Colin clarifies perhaps) but the real question is how much gold will we be producing as future prospects unfold. That is what a forward PE ratio is all about. XTR is a GROWTH company now.

Yes we are on a very solid footing. Reading between the lines CB sees collaboration as the way forwards. He is working towards pulling off a great deal in the midst of that. The most important thing in the short term is to have a set of annuals that show that XTR is now profitable. Shareholders always want all the good news exaggerated and up front and I am no different. But we also know that the impulsive side is not what achieves building success. In short every 10kg annual average (wherever it comes from) over the 25kg base deserves a market cap increase of 25% at an out of favour PE ratio. The market overreacted and that needs to be corrected but I think a good year is coming and certainly this can be a double bagger from this SP, just to get us started IMHO.

50kg is over �1.5 million at current prices. That will be a good month or two or three please :) Just the prospect of that alone (and treating the operation as a start up whereas in fact there is good and ongoing experience within) makes the SP look totally silly.

Andrew the point is that this is the nature of alluvials yes?. He also said "combined 25kg" and that this is the base figure for the plan to be successful.

Thanks BilboMultiBaggin that you tube presentation largely fills the gap for me! CB "Low risk, high margins and maintaining optionality. I wrote that some months ago. I'm not budging. That's the plan, that's the mission, and that's whats available to us". He had already spoken of transforming the way share holders are treated at XTR and about the opportunities to go deep pit and the opportunities to find opportunities in Zimbabwe just over the border that are also low risk and high margin. If the story hasn't changed I am staying in with much confidence for this as a long term investment. Well done Colin and keep going with your plan! In the short term I am looking forward to our first 40kg month!! https://m.youtube.com/watch?v=fmrAJ3Bt4HM

Have you seen the recent presentation/report on the website? That is a good start. The RNS does have some "nuggets" of information :). I agree about the need for clarity. I think it is a genuine limitation of CB and not deliberate. I think he needs to learn to reiterate where we are and what has not changed in order to inspire confidence. I do think that no news is good news in terms of getting on with it and getting over the exceptionally heavy rains. We are there financially, now the board needs to prove that they are there in terms of full production. I know CB is also working on the next opportunity and I've got high hopes now they are getting onto a positive footing in terms of doors opening. In the very short term market makers are looking to generate volume, which will come soon as news spreads about the rising star of XTR. Just a little more patience IMHO.