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>>>I really have a feeling we could be seeing the end game of Colin Bird and his nest of so called 'businesses'.
What utter nonsense. And to prey on people’s emotions that are no doubt worried in these times of global economic uncertainty is clear you are not a very nice person above all of your other failings.
From the same person that told us previously we should ignore the fundamentals.
Kwaks share price examples do not take into account dilution, and subsequent development of, or further assets acquired in that time.
Guys, Colin Bird has been doing what Colin Bird has been doing ever since the dreaded day he joined AIM. I feel we may be in the terminal stages of his empire.
Colin Bird’s AIM record (as of Mar 23):
Time he became CEO of BZT- SP 0.5….now 0.06
Time he became CEO of XTR- SP 10...now 1.4
Time he became CEO of Galileo 7.38...now 1.1
We are used to hearing near radio silence from Colin over the summer- he seems to escape the oppressive Emirati heat and relaxes (with YOUR money) in Europe. 5 companies in AIM and we barely hear a peep from any of them during this period.
This mean he typically ramps either side of summer. Except this time its different. The market isnt as bullish as it was before and it has grown fatigued of Colin's **** . Not even a ramptastic interview on Roast and some bullish RNSs can create any sort of enthusiasm. You can hear the desperateness in his voice on his most recent interviews as he is desperately trying to create another big bump in the SP, of the back of which he will raise money from a snap placing, and then he gets to keep the company running and of course, most importantly, the salary that allows him to live in expat luxury with our money.
He must be having sleepless nights now that nothing he seems to say excites the market anymore
All his businesses are stuck in thick mud now it seems- all turning into the usual blind ends that are characteristic of Colin Bird companies. Its not just in XTR- its well worth spending some time and seeing whats going on in the others.
I dont think it is a unreasonable to extrapolate from other companies ran by the same man.
BZT is maybe the best example- CB ramped a Cyprus project that was finally going to give BZT some cash generation- the partnership was dissolved a few months away from supposed kickstart of the project. Likewise, Mankayan in Phillipines- ramped hard by Colin Bird- the original partner pulled out. Kalengwa (known to XTR as well)- gave some suspicously high hand held assays which were later shown to be **** when the lab assays came back. Kanye manganese, was bought by BZT- eagle eyed investors realised that CB was also a director of the company that it was purchased from- he claimed it was 'drill ready'...2 years later. That leaves BZT with Hope-Gorob copper-gold- they have been drilling there for 2.5 years 'allegedly'...in true Colin Bird madness- he has applied for a mining license when they are nowhere close to any sort of mineral resource.
XTR, Galileo etc etc. Its the same story as above. How can one man be so unlucky that all his projects run into major problems or fall apart. As I said in a previous post- either 1) he does not do due diligence 2) the projects have little real potential and are just designed to keep investors hooked so he can keep on receiving a salary that allows him to indulge in his horseracing hobby and live the life of luxury in Dubai. Either way, its not good.
How long can the AIM regulator keep on ignoring email warnings flagged up by people? They will be hung, drawn and quartered if anything materialises and it was found that they did not pay heed to investors.
I really have a feeling we could be seeing the end game of Colin Bird and his nest of so called 'businesses'.
Its the trashed SP that people have got hung up on.
..."Some people have got hung up on the 2 million tonnes" No mention of the guarantees and comments from CB that it is in the bag, given it's importance to the AA buy in, it's been seen as a huge gaffe or ramp or both, Hence zero trust in the CEO now.
Our fortunes might be about to turn big time:-
https://smallcaps.com.au/andrew-forrest-sparks-merger-acquisition-race-small-miners/
All interesting, but last 1 minute rather pertinent :)
https://youtu.be/UDvmXpjkZCM
If their time scales are correct we may have to wait a bit longer than we would have liked - but super spike will happen.
With increasing environmental and social challenges and risks related to water and tailings management, they act as drivers to find solutions for reducing the high water and energy usage in mining operations.
Application of dry processing technologies in mineral processing operations where the pre-treatment of ores prior to grinding to reduce energy consumption, and to chemically alter mineral surfaces to be more prone to dry or waterless separation, are important areas of research.
There are several issues with pre-treatment and waterless operations to overcome. In some cases the new alternative may lead to the higher carbon footprint. The use of some solvents to replace water or when recovery and recycling of that secondary raw material is environmentally more harmful than production from just the mineral. Handling, transport and disposal of dry or waterless fine tailings can also be a challenge due to excessive dust that needs to be overcome.
Bulk ore sorting is just the start of how modern new world mines will operate to exploit every ounce of mineral as economically and with far less environmental impact from a resource as feasible.
If these new technologies can all be utilised particularly waterless processing, then Bulk ore sorting can also be applied in tailings recycling. Any tailings which can be placed and conveyed on belt conveyors can be pre-concentrated further.
You can see where the industry is going.
But important to remember, the declining average grades mined are ‘not’ just solely due to depleting higher grades but due in part to the advancements in processing technologies over the last 30 years that have allowed lower grades to be exploited.
So where will the copper come from in the future? That’s where!
He could make an announcement on Twitter about it. That would excite some new investors!
At the risk of boring everyone again because its the third time i have suggested that CB puts some of his own money towards the next drills etc. to give us some confidence. It may even have a knock on effect with his other companies. As everyone keeps polnting out he has had good wages from all his companies so please Colin will you give us a bit back.
Share price is mere chicken feed now
Well I hope CB comes up with some magic soon, after all the hype we have had from him in the past and now looking at such a poultry SP, really is difficult to imagine how he sleeps at night, but I`m sure he does sadly. GLA
Spot on, I will be contacting the Company although they are not responding to anything but this can't continue like this.
Completely agree Seible.
In the past few years, he has provided good summaries of where we're at and it has attracted investors. Unfortunately his words and positivity hasn't (yet) led us anywhere (sp appreciation OR buyout) but time will tell. The last performance was so utterly dull that even I as a current investor with 500k shares (used to be worth a wodge of £!) was struggling to focus. Bleating on about ore concentration on your weekly/bi-weekly PR exercise and mentioning LITERALLY NOTHING else is an extremely poor use of your PR opportunities.
It's not a watershed moment, I feel. Colin HAS to confirm in the next week or two what on earth we have here. What kind of cash is Manica bringing in?
What is our timeline for Bushranger? Almost a year on from "tie a bow on it for AA", 2 years on from "we won't have the death of a thousand lashes", we actually need to see something here, apart from our broker account balance sinking further and further....
Has anyone been in touch with CB recently? I am starting to get really ****ed off with his meaningless "updates" by people asking the same irrelevant questions when the share price is plummeting and people's livelihoods are destroyed. The only question the market is interested in right now is what is the situation with African projects, are we getting enough money to fund the additional exploration in Australia.
Absent this - a clear statement from the Company no placing is required for the foreseeable future.
Instead, we get this verbal hogwash with zero details and the same mundane questions. I can't believe a serious commentator would not be asking about the Company's finances and ability to fund the additional work.
More chance of a tierdrop or two LW if this share price drops much further.
I don’t think that little fat chap could get his arms around it now to tie it, if he wanted to.
When will it be a tier 1 ?
So not getting the bow out just yet then ?
Whatever the amount of drilling required and whenever, to finalise the programme which I’m sure will include some infilling to upgrade more of the resource, will then see a further JORC update which will then go onto form the basis of the PFS to support decision to mine option to go to Anglo.
They will want to include every bit of ore in this model which could then see the PFS take anywhere between 3-5 months to complete thereafter.
There are still some uncertainties as to the extent which would lead up to going to PFS I think.
My take, but open to others opinions on matter.
There's a plan ?
Anyway, although a concentrator seems like an admission of 'failure' to some people, to me it implies improved profitability from where we would otherwise be. Yes, it does mean more waiting but I have no doubt it will mean eventual success.
While I'm here, another pouint that occurred to me is that if we are to now produce the plan using a concentrator and then further drilling, then clearly we will not be presenting the prospect to AA until after that. We are looking at this time next year. We should then be in a position to offer maybe 1.5 + MT to AA. Will the plan then be redrawn to include the additional Cu found vis the drilling?
To be fair though Cygnus the refining process to a saleable concentrate takes it to around 99% purity anyway so the answer to my question could well be no as the differences between concentrate purities looks to be very marginal.
O.K, I think I get your point. You're saying that because the input grades to the mill are better, the end result will be purer and therefore a better price will be obtained. You're simply asking what that price is? Assuming there is a higher price.