Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Well said, howezap. The vice of sanity !!
Whether clean, or renewable energy. The transition will require copper, which is central to its delivery and storage capabilities. Emerging economies such as India will need huge amounts for electrification alone.
There are billions of people around the world that are not on the grid. This will change as technologies for the provision of renewable energy and the battery storage of electricity is advancing and is increasingly becoming more accessible to nations that require it.
Even the debate on EV’s as to whether or not, they will fully replace petrol or diesel cars in the race against Hydrogen cell vehicles is not a concern to coppers demand. Hydro cell cars are still driven by electric motors, and the new infrastructure for refuelling stations will require vast amounts of copper.
Every twist and turn will see copper being central to it. With nations being under increasingly more pressure as their economies recover to decarbonise and reach net zero to be able to trade their goods and services at a premium.
Re It will of course need leading economies to grow for demand to increase before copper rises sustainably.
Trouble is many countries around the world are rowing back from the crazy race to net zero. Potential risk for POC is therefore a new kind of clean energy, eg hydrogen, nuclear
Sorry Jamies. Misread your post.
Jamesie. Curious to know why you believe others are queueing up to take it off our hands when the company we signed a deal with aren't interested
Monty. BR is parked for the forseeable and unlikely to be profitable below £10k POC so at the present time has to be nil value imo
Alternative three letters ..
REP
as in the reputation Mr Colin Bird has.. not always justified...but it's a problem, and not a minor one ..
Howzeap “the market” does not respect/value companies own self published presentations , rightly so.
The plan needs to be in an RNS that’s been legally approved IMO
3 little letters howzeap
First one begins with R…..
>>>Until it’s there in black n white writing that’s he’s drilling without diluting again mkt won’t rule out placing.
Plucked straight from this months new presentation
‘Shareholders to benefit from discoveries without recourse to dilution from fundraising due to availability of treasury funds.’
What more is needed Jackbal ;-)
Logically it’s absurd to expect a placing down here
Eg” we’re selling 20-30% of the whole business at 7 million gbp so that we will be around to receive 15 million usd.”
I would like to think they will avoid a placing down here at all costs. It it involves them taking equity over fees or making some directors loans to cover any crunch period it would be much more appropriate and fair than them tapping the market for convenience.
However I can’t rule out a placing when the price is behaving this way. Hopefully just the market misbehaving???
They could pay a “special dividend”
Loss making co’s frequently return cash this way (doesn’t matter about losses)
But the thing is they won’t pay a div because 15 million over 3 years is already a fairly limited exploration budget.
CB needs to come out with some firm facts on funds and drill dates.
The market won’t rule out a placing where Birds concerned (did one recently at Bzt that pretty much killed hope for anyone that held for years)
Until it’s there in black n white writing that’s he’s drilling without diluting again mkt won’t rule out placing.
The sell price here has just dropped to 0.8p which is pretty mind numbing.
If a dividend from the manica cash is not allowable due to accumulated losses, how about a share buyback programme at these very low prices? a £ million set aside to buy shares consistently over 6 months would reverse a lot of the BR dilution and give the share price a strong boost. IMO.
A thought stimulating post there Mr Zap.. thanks.. and while I absolutely agree that low inflation/interest rates and good global economic performance for a sustained period are fundamentally important to the future of Bushranger, I only agree somewhat with your comment '' A Copper spot price will not have a real influence on a valuation per-sae''
Psychologically, a sustained seriously bullish USD 10k ish per tonne copper is very important towards a sporting chance of a meaningful Bushranger sale event occurring in 2025 or 26 imho..
(For context, I think copper has only once been over 10k USD a tonne once previously - 2011 ish - and even the USD 8k + per tonne we're recently at is a good/ very good price versus long term historic averages .. Also -for whatever it may or may not be worth - I note that Mr Bird gave his latest PoC forward view on that Galileo podcast that Flipper recently kindly posted here as rising to USD 10.5 k Per tone q3 ish 2024 and thereafter in the USD 9.5 k to 11 k per tonne range for a couple of years ..
For me, such a USD 10k ish per tonne PoC is one of the minimum requirements - alongside low interest rates / inflation, strong global economy/copper demand etc - to see Bushranger have even a chance of meaningful sale event in 25 or 26 )
Yes an increased copper price will need to underpin the future viability of BR, but more importantly short to medium term , global economic stability, low inflation and interest rates, will see a reduction in the very costs that will have the biggest effect on the financial performance of the NPV model which the company are currently optimising. A Copper spot price will not have a real influence on a valuation per-sae.
It will of course need leading economies to grow for demand to increase before copper rises sustainably.
"Any guesses on bushranger value as it is"
· The current Racecourse Prospect Mineral Resource has the potential to be economically mined at mining rates of 20Mpta, or greater, and at copper prices of US$10,000/t and above.
The Bushranger Study concluded that the highest post tax NPV8 of AU$363m (NPV10 - AU$265m) processes ore above
0.10% CuEq at 20mtpa with a sale price of US$11,000/t.
So worthless until POC its $10K and even then no one will want it as profit is marginal. POC needs to be above $11K before anyone would want it. I think POC will be hitting $12K + in next 2 years so it will probably be sold but not for another 2 years. Bottom drawer for me re Bushranger but hopefully sp appreciation from Zambia after drilling starts??
https://www.lse.co.uk/rns/XTR/bushranger-pit-optimisation-financial-study-jxp0lzmb606mvwu.html
At $4/lb and the AA clause in action I just don’t see anyone taking it off XTR hands or XTR adding value to it (Zambia is clearly the focus) so I think a value of 0 is about right.
If the price of copper starts going up and the futures curve is robust this changes things for me, alternatively if CB is able to deliver on what he spoke about at the AGM and negotiating an exit to AA Claus this also changes things for me as I’m sure the asset would be of interest to people (has potential etc)
Cheers
James
Any guesses on bushranger value as it is.
1mill or 100mill ?
Only thing CB does, as far as value is concerned. Is destroy it.
That buy was nice/interesting, in fairness.. but disappointed to see it being followed by a few few k sells .. hence no price rise.. and sellers at this level is salutary
At least the volume should now be over 2m here today.. like Friday was.. first trading days of this month over 2m traded .. still abject .. but less so, at least
(Re CB's salary.. his other AIM companies are paying him too of course .. and when he gets bored of one he just flips to focusing on another(s) that's more fun at that time.. so, in the round, he's entertained and well paid.. all the rest is - not - for the Bird(s))
He's doing OK from it though, since the last RNS on 23rd Feb he's had over £11k in salary.
Why would you sell that golden goose ?
So Colin, the shareholders here want a dividend. It would create what you said you were trying to do which is to add value. The whole company is worth 7 million at the moment. Its worth more sold off now.
This morning.
That's nearly £9.5K worth.
That qualifies as high rolling here, maybe the old one is about to speak.
More incredible bull......g again... to save the day?
I haven`t been following the SP for quite awhile now and obviously things have not improved, are we expecting the incredible bull......g man to actually come up with something and save the day? GLA