Colin Bird and extraordinary mining license delays18 Mar 2024 22:08
BZT has been waiting for a mining license for almost 2 years- in superefficient Namibia
If you have noticed, a lot of CB companies have unusually long times to get licenses approved. Which explains a lot of the delays seen in XTR.
Remember its a 2 way street- it isnt a one off application and then the Ministry gives approval- approval is based on the flow of information back and forth between the miner and the authorising body.
Remember, while plans are delayed- it means it can be just 'jam tomorrow' and what is actually an unfeasible project never gets to the 'proof of the pudding' stage- meanwhile, you are getting a salary and drawing expenses for your pet horse projects.
REMEMBER
Colin Bird’s AIM record (as of March 24):
Time he became CEO of BZT- SP 0.5….now 0.02 (over 95% down)
Time he became CEO of XTR- SP 10...now 0.9
Time he became CEO of Galileo 7.38...now 1.0
A lot of money has been paid by private investors to fund these ‘companies’ but the more interesting question is how much money has been paid to Colin Bird, over these periods?