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Docit - We just need AA out of the way, especially if they are not really interested. I have a feeling they won't make it easy for us to escape the 2MT/DtM clauses thou.
He could afford to put a few bob in towards the Ascot drills to hasten things up a bit as well as share buys. Please Colin if you 're reading the boards.
Lets try again
Seems the stars are aligning in the correct direction.
https://www.mining.com/web/tecks-mining-breakup-sets-the-scene-for-copper-takeovers/
CB bought :
£22K jan 23
£70k Aug 21
£57K april 21
£58K feb 21
All in the open market
May be he did believe his own forward guidance :)
The deal is to reach 2 million actual words or I can declare a decision to mime
To be fair to Bird he did buy shares in XTR recently and spent, roughly, the same amount as he did buying JLP
Colin has been spending his personal wealth buying JLP shares. I like JLP but hardly a vote of confidence in the companies he owns.
ps if he tells you that you'll be paid at month end, make sure he also specifies which year with that :-)
you're fortunate 1p - a word - is the lowest possible legal tender howezap :-)
>>No, I’m paid per word ;-)
You got a good deal with CB then... :)
>>As you are so fond of taking what CB says at face value then do tell, how you feel your timing was bad??
Like many gixxer, I bought into xtr for BR after the dead cat bounce from the first big spike. Beforehand I did some basic research into the company etc but my main reason was locational so was comfortable enough to understood what I was buying into. I am still happy with my many purchases at those times. But like many I allowed myself to get swept along with CB without fully evaluating the bigger picture of just how much work, money and time goes into proving a viable resource.
No, I’m paid per word ;-)
>>I really don't know how he can get away with spouting wishful thinking as facts.
I'm not sure he can, over the last few months I've been collating and saving his interviews/presentations and making note of the statements he's made. If BR turns out to be no-viable after all Bird's been spouting I will be looking to take legal actions against him. Let's face it it's not as if he was hinting that BR could be good - He was shouting from the rooftops that it was going to be a world class asset.
In one interview he stated that the mine, BR, would still be going after all in the room were 'long dead'. I hope I've got more than 9years left in me....
I really don't know how he can get away with spouting wishful thinking as facts, the cash I put in here based on his "facts" was real enough.
I think Steve rattled him big time (as well as the SP) the mask slipped a bit that day.
I agree we need some one to take over the running of the company that doesn't get carried away with wishful thinking that costs us money.
I think CB is spread too thin across his many companies and when he loses interest in one it goes to sh.it.
Worst way, even after the extented drill campaign we should have all been counting our gains by now, not our (paper)losses.
We know you read these boards Colin, you have an obligation to us shareholders to do more or get someone else to do it for us.
>>I personally 100% do not blame anyone but myself for my timing. Really HZ? As you are so fond of taking what CB says at face value then do tell, how you feel your timing was bad?
According to CB, BR would have hit 2MT by now and would have been sold as a T1 world class asset. His own words at a formal presentation to shareholders: 'will it be a mine, yes!!' - The reality is none of us have any idea!
Are you paid per post here?
Is assuring to see the Oz government is actively encouraging new large mine development with its minerals strategy. Potential stumbling blocks in obtaining permissions down the line for open pit mines due to increasing social and environmental acceptances around the world could put potential buyers off in ‘less’ politically friendly and more environmentally sensitive jurisdictions.
Worth a read through although the relevant note of interest is the foreword from the minister for resources. Is from 2019 but is still current.
https://meg.resourcesregulator.nsw.gov.au/sites/default/files/2022-06/NSW-Minerals-Strategy-2019.pdf
Sorry guys that article is not showing. Another major copper minning company joining the market
I know the perfect purchase
Happy to arrange contact
https://www.ft.com/content/16b8c09f-9cda-42cc-8a64-d4073891b297
I am now surprised, that folk are still referring to the previous over optimism from CB. Let it go, move on. If you were confident enough in what it was you were buying into originally, ignore anything previously verbally stated in podcasts or other, trawl back through the key RNS releases for BR such as ‘21 concept study, projects summarised in the audited reports and the interim exploration summary. Watch the BR presentation again and possibly the team webinars and I’m sure you will feel more content with where the resource sits at present and what may need to still be done without having the heightened anticipation of the targets that had been set.
Without yet the BR economic study and revenue from full production reported at Fairbride, this is arguably not far from where the market cap could or should be anyway considering the economic downturn. But….. and it’s a big but, without CB ramping the hell out of it, the £6million fund raises and options would have seen possibly far more than double the dilution to shares already in issue.
Flip side being the many investors including myself that bought in at a greater share price that are now sitting on a paper loss. I personally 100% do not blame anyone but myself for my timing.
Ultimately though, in that respect, he has achieved greater value for many shareholders particularly the LTH’s who ironically, do seem to be shouting the loudest ;-)
3/4 million ??
Even he doesn't believe his bulls.hit that much !
Lol !
Unlikely!
It would seem most peoples concerns are the wait untill next year for a sale and also saving our FB earnings to pay for the Ascot drills . May i suggest CB puts in £3/4 mllion of his own money towards these costs only refundable upon a sale of Bushranger. This would be the ultimate confidence booster for us all.
>>In short, CB's expectation management is shocking and self destructive.
In terms of CB never a truer word spoken.....at the ripe old age of 80 he still acts like an exited child. Now that's fine in many respects but certainly not when he should be acting in a professional manner...
You've only got to look at the other companies he's invested and see the same thing happening there. Even good/half decent news releases and the SP goes nowhere.
He's well and truly tainted his name (IMO) and it's time for new blood.
As I've said before Bird has his positives but that isn't running companies/giving presentations/interviews. He should be in the background looking for deals and kept away from the mic! (IMO)
fair enough Andrew, and in the round we're on the same page with this imho....
PS:
''CB's expectation management is shocking and self destructive.''
Agreed.
(Indeed, I'd go as far as splitting out his up front expectation management from his 'in play' expectation management, both shocking and self destructive imho.. with the in play being less forgivable, even)
"Did CB's estimated full production gudiance previously at average gold prices for 22/23 not equate to more like approx £450k p/m to xtr Andrew? That instead of £300k p/m is my main point."
NtM this is a good example of of the point I was making.
If FB income is "only" £300K then CBs forward guidance of £450K a month will have proven to be nonsense (as usual) . He also talked about the $1M a month income from all income sources which we are nowhere near.
But although the reality will no doubt be much less than Cb's guidance, it will still be a significant amount, possibly transformational ie £300K a month FB alone?.
In you previous post you said
"I'd also add: and -might easily prove - not to be as significant income to xtr.l as CB implied."
You didnt just say it could be a lot less than CB's guidance (which I'm sure it will be) you said "not be significant". That was the point I was challenging.
Being a lot less than Cb's guidance, doesn't mean not significant. And therefore things not happening as quickly or at the levels that Cb implied doesnt mean nothing of significant note and value is happening.
In short, CB's expectation management is shocking and self destructive.
Did CB's estimated full production gudiance previously at average gold prices for 22/23 not equate to more like approx £450k p/m to xtr Andrew? That instead of £300k p/m is my main point.
(BUT ..Allowing for already very slow build up to 'full production' and also the fact they have to go through processing plenty of non optimal stuff first to get to the optimal 'ard rock stuff, My GUESS is that from April to Dec this year may see an average of somewhat sub £250k p/m to xtr btw.... so say for eg £175k ish gbp in April and up to £300k ish p/m to xtr later in year)
Even at that in 2023 and valuing Bushranger as a v bad case £15m gbp sell on value .. the s/p should still be higher now imho eg 2.5p