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No half yearly report ? Assume we are due one like most companies .
DEC
Saving best for last.
Fashionably late out next week
Are we gonna get our promised 1p dip from Goldie on ADVFN
Ready and waiting with little cash left in coffers.
cruELLA is Bella today ❣️❣️❣️
We aren't most companies.
Bella for my bestie number ONE JEZ👠❤️🌹
Looks like someone had to sell or is it Joel selling because he's seen the report?
I would love to sell BUT 50 % odd adrift , £37 k down on paper !!!have made better decisions in my life
Not too much to ask to put those interims out this morning, surely ?! They may come during the day today or otherwise will on Monday.. but it's just CB trying to stage manage things .. he continually does this across sundry aspects of updating on xtr ....and generally does that stage managing badly too.. That man is a law onto himself ...and thinks he's far cleverer than he actually is..
Still I like the assets here.. and the fundamentals, in the round, seem to justify a much higher s/p .. IMHO and DYOR
The finals were released at 4:16pm, so pretty much the last minute of the last day so I expect this trend to be followed.
It is ridiculous that he can’t arrange for them to be released at 7am, especially as these should contain actual profit from FB which we have waited for years to finally see!
Cheers
James
Well Hello NTM🌳
If RNS today then best at 1629.
If not then have trust in dear C🎯l that his timing will be spot on.
Perhaps HE should get off HIGH horse and start listening to REAL investors like me❓
My prognosis is he is TIED up in past how things used to be in Smallcap mining sector.
yours cruelly ❤️🩹❤️🩹❤️🩹
CB prefers to release late in day to give the market time overnight or a weekend in this case to fully digest results
Oh zap
Thought you were on permanent Sabbatical ❓
Good to see you🥰
''My prognosis is he is TIED up in past how things used to be in Smallcap mining sector.''
Very much agreed Cruella
Re release time of results: Agree that 4 pm to 5pm window today seems most likely .. but lunchtime today is a possibility too imho .. that's anytime in the 11 am to 2pm window, per standard lunchtimes in xtr workplace :-)
Good to see we are on same page NTM.
looking forward to results whatever time they will be announced.
Don't forget everyone if NO PR with results then it will take 7 to 10 days for numbers to be updated on likes of Stockopedia etc...
Cr❤️
A couple of 500K sells ?
"A couple of 500K sells ?"
No. One 500K sell and one buy
1.3p is a buy
about same number of buys and sells
if there was a leak of news (good or bad) we would not be at this volume :)
Oh look whose come out of woodwork DREW
what's not to like about interim?
We know we have Q1 23% of 140kg gold at AISC of $700 an ounce.
Plus may have surprise factor for Q2. This is what I wrote yesterday on my group
This is what I wrote yesterday on my group
This post is more of a BIG question ❓ which I need clarification on. I should be able to get the answer when results are reported.
Question I have is costs to XTR in relation to Gold income.
The original agreement between XTR and MMP is
MMP
🔸Build and pay for processing plant
🔸Provide equipment
🔸Pay for operations costs
In return
🔸MMP get 77% of gold produced
XTR get 23% of gold produced
Costs to XTR
🔸6% production tax
🔸0.15% land settlement tax
🔸Team on ground costs which includes salaries, gold pouring, gold sealing transport of gold from mine and security. These costs are more or less fixed. The more gold is produced the lower the All in cost for producing an ounce of gold.
Last year in podcast dear C🎯l said monthly TOG cost was forecasted to be £50k a month.
Based on 66kg a month production & today's gold price of $1908.
Numbers would be:
529oz gold share to XTR
(23% of 66kg)
$1,007,745 Revenue
-$61,976 ( PTax & LSett)
-$50,000 TOG CoSTS
$895,769 gross profit PM
$211 AISC per Oz (tot costs /529 Oz)
$10,749,228 gross profit PA
89% gross profit margin
Before I project forward earnings need to see if the agreement between MMP & XTR has changed.
Hey Zap
What's your take on BR comment re moving to wards being saleable product?
Question
If AA not wanting to take it to production then if 16 models are financially viable then why not announce DTM now whilst copper price still low❓
If you'd read the RNS it clearly states that the test rsults have now got to be feed into somebody elses computer to find more out.
Thhis should give CB at least another 6 months wages, err sorry, time to let the copper price rise before the DTM RNS.
It's a very old computer apparently..........
I thinkkk there's something wwrong withh my keyyboard
Hi Dani being saleable would suggest the results of pre concentration are sufficient enough now to be incorporated into the financial model. It does confirm they have now “instructed optimal to incorporate the TOMRA results into an updated economic model for the overall Bushranger Project.”
The difficulty in declaring the DtM now is that a key component, stated in the Valmin Code (which dictates what is required for the DtM ), is that a certain % of the resource needs to have probable ore reserves which are converted from the indicated part of the resource. This is what would support any kind of financier backing although having the money in place is not part of it in the VC. It would no doubt require a pre feasibility study, with a ‘lot’ more outlay to get to that next big decision point basically.
So I think once the full study is back showing what they have, there may be no reason to declare the DtM if it is going to be too difficult to prove, leaving xtr with the option to approach AA to negotiate a way out of the buy back agreement. (while copper price is still low)
Unfortunately still all guess work but going in right direction.
Got it Guy.
Thanks for detailed easy to understand reply.
Think I mentioned this before so to negotiate a get out of BUY BACK agreement with AA could include a cut in deal for them if sold to another Major???
Glad going in right direction ⬆️⬆️⬆️
dani
So we need to spend 2 million on exploration
..... told you all before, fairbride income will. E spent on the next treasure hunt!
Told you all before, fairbride income will. E spent on the next treasure hunt!
Me too, but only certain people will listen !
It's all about keeping CB in a job that pays him £130k a year for a day a week thinking up the next wheeze
The objective at Kakuyu is to get cash flow coming in from hauling ore off site to pay for that $2m more extensive exploration. He’s given over a couple of years guidance so plenty of time to start up the operation if they haven’t already. It will be self sustainable.