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....Playing fiddle while Rome is burning
Does anyone know where he actually is? All I see is Sunday Roasts.
SUmmer is traditionally the time he escapes the heat of UAE and spends time, using YOUR money, on a prolonged sojourn in Europe. I wonder if he ever stops to think of the 'poor' PIs whose money he is using, when he ships a champagne glass at Royal Ascot or wherever?
Likely not
Does not seem like a man of any moral compass
At that level- you sell with a massive loss or you wait, against better judgement, that you can exit on the next ramp that CB does- but that is looking increasing not a posisbility
Colin Bird’s AIM record (as of mid May 23):
Time he became CEO of BZT- SP 0.5….now 0.04 >90% fall
Time he became CEO of XTR- SP 10...now 1.8 >80% fall
Time he became CEO of Galileo 7.38...now 1 >80% fall
During this while- collectively, millions been paid out to CB and fellow directors while PIs are multiples down. Robin Hood in reverse.
Thank the Lord we have such an altruist amongst us, eh guys?
Really glad you put forward such a sensible, well constructed and not at all repetitive argument Kwakadu - I’ll probably just ignore all of the work I’ve put into understanding the company / it’s operations and just sell all my shares now.
Jees, so lucky I have someone like you to tell me how it is and for the record, I’m not at all suspicious about your motive for the constant bashing posts now.
Definitely doesn’t seem at all like you could have an ulterior motive.
Thanks for your help.
Has someone looked up what that £3 million outgoing is made of?
Its a LOT of money for a company like XTR
In BZT we had almost no news for last year but still 170k directors pay. For what? Noone knows
Colin Bird’s AIM record (as of mid May 23):
Time he became CEO of BZT- SP 0.5….now 0.04 >90% fall
Time he became CEO of XTR- SP 10...now 1.8 >80% fall
Time he became CEO of Galileo 7.38...now 1 >80% fall
During this while- collectively, millions been paid out to CB and fellow directors while PIs are multiples down. Robin Hood in reverse.
Why would CB let someone else run this company and take his salary?
How else will his lifestyle be supported?
Colin Bird’s AIM record (as of mid May 23):
Time he became CEO of BZT- SP 0.5….now 0.04 >90% fall
Time he became CEO of XTR- SP 10...now 1.8 >80% fall
Time he became CEO of Galileo 7.38...now 1 >80% fall
During this while- collectively, millions been paid out to CB and fellow directors while PIs are multiples down. Robin Hood in reverse.
Dani >>> Why wouldn't AA buy BR when we are below 2mt and POC below $10Kt and sell on when it reaches $15Kt ?
Without a viable mining study it’s far less likely they would move on BR before.
There is the term in the agreement too that gives AA a one time opportunity to make an offer but that is still once 2mt is reached. So any approach beforehand will fall outside of the agreement and not go to third party consultancy valuation and subsequently through the Valmin code. So xtract could command a higher valuation based on their own assessment of worth.
As have said before IMO the project is not going anywhere whilst xtract are continually de risking it for them by providing that up to date economic assessment, and the opportunity to for it to be valued by third party.
Colin Bird’s AIM record (as of mid May 23):
Time he became CEO of BZT- SP 0.5….now 0.04 >90% fall
Time he became CEO of XTR- SP 10...now 1.8 >80% fall
Time he became CEO of Galileo 7.38...now 1 >80% fall
During this while- collectively, millions been paid out to CB and fellow directors while PIs are multiples down. Robin Hood in reverse.
ive not read all the messages but the general thrust is right
there are 2 types of posters here
1) those who are fed up with cb
2) those who are fed up with cb but dont say it but instead come out with 'sell if you dont like it' toys out of pram rhetoric.
i have mentioned before what happened with bzt at kalengwa- cb mysteriously pulled these excellent handheld assays out of the hat, we werent even expecting them. the sp rocketed. then after much delay- the lab assays from same site were absolutely sh**.
i wont point fingers, but someone made money from that baseless ramp.
in all honesty- i have written off my investment in cb companies and you should all too. i come here when im bored more to warn others and make sure suspicious ramping profiles dont dictate the conversation. cb has used every tool in his ****nal to try and ramp the sp but it all falls on deaf ears due to his past and current record. it worked during the covid mining bull but not now. he has played all his cards and has nothing else.
so the only thing that can change the fortune of his ailing aim cash cows, are fundementals- movement on the ground/sales/assays- and i just dont believe these will happen.
sorry but if you are one of those who bought in anything above 2. you wont see that money back.
Bzt on 28th
Also, once CB goes- these companies will go. He has built them up based on this unjustified image of him being some mining guru and maverick. He made ONE big win over 10 years ago and his used that to surf the AIM cash cow machine since.
But now noone wants to listen anymore, they are immune to his ramps and predictions. So the SP has stagnated or declined. That could be why he went to twitter, to find a 'virgin' audience to try and ramp because his rep on LSE and ADVFN is pretty much rockbottom.
Thats optimistic if you think these cash cows of his will last for 5 years.
But he will indeed keep them alive for long enough to draw a salary
Colin Bird’s AIM record (as of mid May 23):
Time he became CEO of BZT- SP 0.5….now 0.04 >90% fall
Time he became CEO of XTR- SP 10...now 1.8 >80% fall
Time he became CEO of Galileo 7.38...now 1 >80% fall
During this while- collectively, millions been paid out to CB and fellow directors while PIs are multiples down. Robin Hood in reverse.
MB, "fingers crossed" ! , was that the important re-post for your TG followers ? . ;) WINK.
Digging a bit deeper into ‘this’ comment from Steve’s notes-
“it seems to me they want to announce this model while we are below 2mt and the copper price is low in order to get a 'no' from Anglo.
Just considering why Xtract would want AA to pass up on their option to buy it back. As per the terms there is a good possibility that ‘AA’ would want the project to go to third party valuation, which would happen if there is too big a gulf in what xtract want and what AA are willing to pay first off , as they could pay far less than if it were on the global market.
If it went to third party consultancy valuation then it would be valued in accordance with the VALMIN code, which as part of the broader Australian regulatory environment, places certain constraints on the valuation process and is very specific on how such values are presented to the market.
Understandably, Xtract would want to present BR in the best light and to want its value aligned to those inflated expectations on copper prices to return the best value to shareholders. Is less likely to happen under the Valmin code.
It looks like AGM will be On 27 July as Colin Bird vehicle Tiger Resources announced today and in the past groups the various AGM to take place in the same day
So looking forward to some news to reassure shareholders
In English, 'doing my here' translates to 'doing my bit here' btw
By topping up yesterday and today ( (and Friday ) .. if plenty of others do their bit too.. then 2p here we come..
...and this s/p should not be under 2p now imho..
(what he said in that recent podcast should generally be in an RNS in due course.. and due course might easily be close too - ahead of - the AGM, for obvious reasons )
Per the strategic review section, known Oxides and transitional are expected to provide at least another two years mine life with the current set up. Which to my knowledge has always been the rough expectation so not sure I get what these proximals are adding (I certainly could be misunderstanding something)?
Cheers
James
Off to another good start.
Interesting perspective on demand here too... https://aheadoftheherd.com/electrifications-demands-on-copper-and-graphite-are-off-the-charts-richard-mills/
No, my apologies NG for assuming you meant podcast.
The scope of work around fb pit and to bring satellite mines into play already is encouraging toward seeing a very decent run.
Hi, sorry hz i should have been clearer , i was referring to the results statement with regards fairbride at manica . I have also noted on google maps that there has been an increase in activity around guy fawkes and we appear to be removing the top of a hill .
Hz - agreed. Colin had high hopes which he acknowledged in the podcast. But we are where we are and as Colin said, 2 x earnings approx is taking the p*ss.
From Steve’s notes it makes sense of Colin’s previous comment that “we are heading towards a pre feasibility study”, possibly then, once they get a decision from Anglo. They either buy it or xtract continue to increase the resource whilst they actively market the project for an interested party to come in at anytime
Does all tie in, particularly so with his “a bit more patience comment again. Changes the landscape somewhat.
No, missed that comment NG was it elsewhere in the roast podcast? Only listened to the xtract segment.
Couple of other points CB made stuck out. Firstly once the full study is complete and if, with a successful influence on the economic model from ore sorting. He implied they may no longer need to increase the size of the resource with the targeted drilling to NE/NW previously mentioned.
Secondly he gave an impression that the full study they are aiming for now with the further test results of the low grade for pre-concentration could be what AA will make a decision on.
Both comments tie in together, and also correlate with Steve’s notes taken from Colin at AGM’22 …..
>>>The intention seems to be to get the AA decision out of the way early. Colin expects copper price to reach 15,000, so (reading between the lines) it seems to me they want to announce this model while we are below 2mt and the copper price is low in order to get a 'no' from Anglo.
Phase 3 will follow the above (which is interesting as they assume there will be a phase 3) and will cover more definition on RC higher grade area to improve the IRR, further drilling at Ascot and NW of RC, which they now seem to think is actually open again. This will happen sequentially, not all at once.
Start talking to various majors who are more likely interested because they already have a presence in the area (Newcrest?). Again reading between the lines, it sounds like informal contacts may have already happened. Colin made it clear that when a deal happens, it can happen quickly.
Proximal ore adding two years to mine life , did anyone notice this comment over the weekend ?
OK jezzo +4.17% at close.👍 On real-time platforms the stock had shown this movement early this morning.
We can but hope CB decides to RNS for the same tomorrow. GLA.