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It couldn't be Colin could it ?
What's the AIM rules on reporting director sells, TR1 ?
It certainly looks like people are taking your advice rightly or wrongly...
Monday morning big sells, as per. - Question is, who's bailing at this price...been going on for months! (Assuming it's the same trader)
oh dear .
Also dont forget....the summer is coming soon. This is the time when we usually hear little or nothing from CB has he takes a 'well deserved' vacation from all his hard 'work'. The SP will drift down as always. Its the same every year. So whatever happens will need to happen in next 1-2 months.
Colin Bird’s AIM record (as of April 23):
Time he became CEO of BZT- SP 0.5….now 0.05
Time he became CEO of XTR- SP 10...now 2.4
Time he became CEO of Galileo 7.38...now 1.23
MONEY Paid to CB each year from his AIM 'companies'?....
While every other holding I have- has one CEO one company. CB has his network of 'companies'.
I think its only reasonable to extrapolate experiences in one to another.
Just issued a big placing in BZT after the SP had collapsed.
SP been decimated. And the RNS was comical the way it was worded to make it not quite seem like a placing. CB and the Finance Director put in a measly £40k out of the £750k raised. Thats less than the salary that BZT pays CB for his...'work'.
When a company doesnt move forward with its plans- or moves forwards slowly- you are burning through cash and value is not being added. Eventually you need to issue a SP destroying placing. Which is why CB companies have so many shares relative to its SP. I see the same happening to XTR.
Does anyone know how much money CB takes for him AIM companies every year?
Must be a good 300-400k?
Colin Bird’s AIM record (as of April 23):
Time he became CEO of BZT- SP 0.5….now 0.05
Time he became CEO of XTR- SP 10...now 2.4
Time he became CEO of Galileo 7.38...now 1.23
He is rather brave to be on twitter with his record:
Colin Bird’s AIM record (as of April 23):
Time he became CEO of BZT- SP 0.5….now 0.05
Time he became CEO of XTR- SP 10...now 2.4
Time he became CEO of Galileo 7.38...now 1.23
What I dont get, one of his 'companies' BZT- has a twitter which hasnt been updated in years and has out of date info. Someone raised the issue with him before and nothing was done. Why not just delete it?
It shows the level of [un]professionalism of CB companies.
Hi Dani don’t get me wrong I believe in this most recent JC article, his appraisal is prob the most accurate from previous given and mistake free. His, was not a comparison per-sae but more to give hope that M&A’s are starting to happen and with Bens reply that sums up and supports that perfectly.
‘I’, was comparing to add kudos to why a major would see BR as potentially a more desirable proposition.
“Hello possums”
RIP Barry Humphries (Dame Edna)
Once Australias most famous export!
Legend
Hi Ben good points you make.
One other thing that was apparent in Eva project feasibility study is that there are necessary agreement terms set out for conduct and compensation secured with the Kalkadoon people, native title and pastoral leaseholders. With other agreements for permissive access and also has numerous royalties applying to the project too.
Most of these can be quite normal but worth pointing out from Andmillsy previous research that there are no indigenous land rights issues over the BR tenement areas that can sometimes halt viable projects. These issues can sometimes have a profound effect on eventual project desirability as can be s big stumbling block. Another big tick for BR.
Interesting post howezap.
I think it also shows a few things:
1) There is an interest in moving into the copper sphere to get a piece of the action. Harmony are predominantly a gold producer. We heard that Barrick are also looking at copper. Things are definitely hotting up with big boys wanting in.
2) We are in a solid jurisdiction and miners will see that as an advantage. Barrick did mention Africa, but that's presumably because they are very active there already.
3) This is one less resource on the market. Eva is gone. The pool of mineable resources will shrink over the next few years as demand picks up.
4) Related to point 3, as demand picks up, the copper supply is shrinking. We are currently at the lowest LME warehouse inventory for a long long time. We could be in for a perfect storm whereby demand for takeovers picks up at the moment the supply side is severely constrained.
5) Eva and BR are completely different resources as you say. IOCGs require a huge amount of drilling to define the mineralisation. This is, I believe, why Eureka IOCG has not been drilled out (along with distance to port, water and power supply). So we can't compare our metres of drilling with theirs.
Having said the above, I do wish AA would just save us all a year or two and give us £100m for the 4 BR licences once we publish the next study. Would save us all a load of hassle and give them the chance to direct how they proceed with mine planning/infill drilling. BR will almost certainly be a mine. The world needs the copper and BR, in the copper-rich Lachlan Fold, evidently has an abundance of it! GLA and happy weekend.
Interesting choice of a comparison that John cornford has made that this board have gone over before previously, in Harmony acquisition of the Eva copper project in Queensland.
Eva is made up from 7 separate small deposits in the current mine plan. Most deposits are IOCG with mineralisation being veined networks or breccias. Others are copper only stratabound type.
Total drilling in the 7 deposits over the last 35 years, totalled 1470 holes mostly RC for over 200k metres that fully defines the mineral reserves there with no apparent potential of increase from further resource extensions. Although it does have exploration potential from its 4000sqkm land package. Project economics offer an after tax NPV of $437m and 29% IRR
Again BR is a different proposition, yes it will require more work but if after optimisation that pre-concentration can offer and further targeted drilling to improve on what will hopefully be already decent economics and increasing the resource. This initial mine plan once showing all Capital outlay is paid back and can be profitable, will open up the projects large bulk lower grade tonnages to further exploit with only ongoing mining costs and extending LOM that can make porphyry deposits very desirable for a major to take on.
I don’t see it as a good or even fair comparison, with BR’s further economic potential yet to be realised, different deposit type and economics of scale that it brings, also with being at completely different stages in their evolution.
Eva is at full, early development stage whereas BR could be actively marketed as a starter project with that multi porphyry potential at the very least once the target of that AA option and it’s outcome is reached.
>Simply I don’t want to mislead.
Fair one iceberg, however I think you are doing yourself a disservice if think you have any kind of moral obligation here to steer clear of giving a subjective view in case it may be wrong or misjudged.
How, very quickly. Simply I don’t want to mislead. There is so much we don’t know and what we do know is through the prism of what Colin has said. It isn’t even clear what we are waiting for.
I do think it will be economical. I don’t know what Colin’s plans are though or even worse what we he will do.
https://masterinvestor.co.uk/commodities/gearing-up-gold/
Never a truer word spoken! - So how about Xtract Resources (AIM:XTR) where I and many others were truly misled by CEO Colin Bird’s over-optimism about the size of its Bushranger copper deposit in New South Wales.
Hi iceberg I feel many were hoping for a little more than that on RC/Ascot from you. Pre-concentration, amenability, effect it could have on NPV and cut off grades, importance of reducing carbon footprint and environmental impacts, pathway to DtM with PFS.
There is clearly so much that your valued contribution could have helped assure holders of their continued belief in the project in what has been a very anxious time over the previous 5 months of your obvious and unnerving absence.
Drill Footrot? 4-5k metres of drilling would be far better utilised improving NPV and increasing resource from here on.
That’s the geologist in you!
Nice to see this share price firmly back in the 2'sp now... and great to see Iceberg back posting here too
Indeed his and Andrew's recent posts got me thinking more broadly about how this s/p might get back into the 4 to 5p sooner rather than later - most peoples averages here are more 5p ish, I'd guess and so 2 to 3p range is only a start back for them - and it will take more than Africa Gold to get to 5p ish here in q2 for eg, I'd guess
So I offer : A month and a half ago - 7th March - it was stated in RNS - not interview BUT RNS - ''Therefore, we have initiated a study to determine how effective ore pre-concentration could be at Bushranger and will then feed those results into the final open pit economic modelling.'' and it was also stated in the same RNS that ''Mineralisation from four drill holes from the Racecourse Prospect has already been submitted for ore pre-concentration analysis''
So Optimal were perhaps already decently in train in this study by early March, I'll offer.
(Given CB soon after that RNS - via Pr roast podcast granted - showed clear signs of confidence in the potential for meaningful business case value add for Bushranger from pre concentration, i'll also offer this as back up to the view that Optimal pre concentration study work was generally already decently in train by early March)
It will soon be May.. and so outputs from that study back to xtr might reasonably be expected soon enough? .. and IF there was categoric 'good news' in those outputs, CB might not be able to help himself but to update specifically on this Optimal study feedback - hopefully va RNS - and so 'meaningfully good' Bushranger news could be with us in May is a guess I'll throw out there here/now...
Can you stay in the car park longer please? as your comments and thoughts were a very fair and excellent synopsis .
Thank you.
I am stuck in a carpark waiting for 20 mins. So thought I would post a few thoughts.
1. RC/Ascot. Still need to wait on Birds timings I am afraid. We will get there in the end.
2. Footrot. I’ve had a few looks at this. Basically not enough information. If it were my company I would find a good porphyry professor and pay him xxxk to write a 5-10 page report on it. You need to understand the timings of the fault creation and how the deeper rocks were both formed and displaced. It will almost certainly contain copper/gold imo but so much movement has take place it will be difficult to find without say 6-12 drills and trial and error.
3 new Zambia project. Looks good- but is very “bird” like. It could be a fantastic project with lots of potential, excellent grades and a good extension to LOM. However it could also be pretty worthless. We’ve been down the road of bulk samples etc etc with Eureka so until we get actual results and good info it’s difficult to say more. Some much needed independent analysis would be nice.
4 African gold projects. We need the magical/mythical profit in the bank figures for the market to get truely excited imo. Hopefully this isn’t far away. There are alot of side issues also effecting how the market is pricing it such as LOM - extensions- sulphide processing - mmp plans for it.
Overall not much is priced in with current commodity prices, “The bird effect”, however as the raw non disputable figures are released we should improve.
Bird mentions XTR and we drop......What a surprise! :P
That's about £470,000 worth of gold sat on those scales!
Probably a very good move. Says on RNS fees etc.
Makes the impact directly to investors not MM’s 1st.
Ps nice to see the gold bar (ours)
Pss I don’t do twitter !
For someone who said, a few times, that he didnt think twitter was appropriate to promote his companies, he's definitely had a change of heart :)
https://twitter.com/ColinBirdMining/status/1648618153314746368
>> When is the RNS updated expected?
Plant upgrade? Not due yet, but a decision will need to be made in next couple or three months so as to be in a position to have upgrades in place when the shallow oxides have been mined and are into the transitional ore.
Incidentally, further upgrades to increase capacity of plant could also be looked at to reduce LOM hinted at by CB
When is the RNS updated expected?