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Having invested at various higher prices I have opted to average down (again!) . Buying in at twice earnings would be a snip anywhere but on AIM . I am assuming this years Fairbride income is around $5m and i do not see the gold price slipping disastrously.
Kwak > You have to look at the facts and see where this is going:
Ok let’s do just that!
Over the past 20 years, investors would have lost money in 72 per cent of all the companies ‘ever’ to have listed on Aim. With 49 Billion being wiped off company values on AIM in ‘21 alone due to the fallout from Covid. The resource sector was already in decline before then.
Exploration is probably the most risky sector of them all, where you can lose a lot if not all of your money as a result of projects failing geologically, or financially in some way or other.
Picking that winner is as rare as rocking horse 5hit!
Most fledgling or juniors in our sector rely a couple, if not only ‘one’ project to hang their hope on, having no form of income and having to rely solely on fund raising from the market, not only to pay for exploration but just keeping the lights on, month on month, year on year. Many of these are considered lifestyle companies.
Xtract at least, is not only diversified in the sizes of its exploration projects and in safe jurisdictions, but overall the company structure is well diversified being an exploration resource, development and a gold producing mining company.
There are no guarantees looking ahead, but there is a notable distinction about this current economic cycle. In previous recessionary cycles, there have typically been sizeable inventory buildups and an overabundance of supply. However, during this cycle, physical inventories across the metals sector, particularly copper, have remained constrained, caused by production headwinds.
When the sector finally turns, and it will. Compared to its peers, this company should be far better positioned to be able to attract new investors when buying returns.
Kwadoku once told us we should ‘ignore the fundamentals,’ that’s the craziest fact of all.
TOO MUCH WAFFLE Z⚡P
Ref post KWAD 2333
price is wot you pay VALUE is wot you GET
How much hidden value are you getting for nothing at 1p❓
DREW
do us the honours and forward calculate XTR earnings for 24 based in worse case scenario
Cr💙
whilst i'm on the war path
one for ntm
markets are forward looking not backward
you ****
one for j🫦z
you know i ditched you for private who is now called destiny....
made a big mistake
wanna know why❓
Oh I'm gutted.
And not really
Me too j🫦z
It turns out Destiny is 21 and from LAGOS ❌
blimey cruel, be careful in what you type, you really don’t want to be going down that road.
has ****phobic, ageist and racial overtones all in one.
You ARTless git zap ⚡
That's how you cause DOUBLE trouble with comments like that.
Plus
it seems j🫦z missed his queue
Shall I spell it out to him
Gosh
Plus need to explain to CISCO love comes before money
As you can see im a muddle of red tape
And not ONE OF YOU here to help me ⁉️❌❌❌
My Enigma machine doesn't seem to be working this morning.
We might as well talk rubbish. My post last night discussing meeting timelines was promptly deleted last night. Guess we are no longer allowed to discuss Company matters. Only hype allowed.
Flip
You are my last hope saloon for sympathy 🙏
bit worried bout getting a haircut
Exchange between me and Destiny
Destiny
Do you want to see wot I look like❓
Me
I already do
Destiny
How do you know ❓
Me
I am not aloud to tell you ❣️
Off topic
Do you think I should introduce myself to ANAL❓
yours cruelly
Cr💙
'do you want to see wot I look like❓"
I think most people here would just like to see the back of you.
Ma, best l say nothing. I think l have been removed from Colin's Christmas card list already. I don't want to end up on the naughty step.
If Colin can send me the money instead I'd prefer it.
I've given him so much,it would be the first thing he's ever given me apart from heartburn.
Ella Pure dross :(