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Copynpasta doing the rounds ?
CB is spread to thinly over his 4 (maybe more?) AIM companies
Together they must give him a decent salary- 200 or 300k- tax free in UAE
But even within the individual companies- they are spread to thin. Companies with a small cap and having several projects- the majority of which move sideways or forwards at the pace of a geriatric snail. WHen one project stalls, he moves to another. When you havent added value to the first project- you just dilute dilute and dilute which is why the SP of every CB 'company' has crashed under his tenure.
Its like 'keepie uppie'. Goal is to not let the ball touch the ground. The longer he keeps the ball up, the longer cash flows from private investors--> which funds his hippophilic UAE lifestyle. Touching the ground would be the reality.
Say what you may- but the cold hard objective facts are as follow-
Colin Bird’s AIM record, as of mid Dec 22:
Time he became CEO of BZT- SP 0.5….now 0.08
Time he became CEO of XTR- SP 10...now 1.9
Time he became CEO of Galileo 7.38...now 1.4
Now look at how much has been transferred to him via salaries and other perks over the same timeframe. There is only one winner in this game...
The danger is watching out of the ramp followed by a short term positive run, followed by a placing.
XTR could easily go back to its bottom of circa 1.5.
CB is really struggling to find a decent ramp that will allow him to do one of his placings which fund his lifestyle in UAE
Colin Bird’s AIM record, as of mid Dec 22:
Time he became CEO of BZT- SP 0.5….now 0.08
Time he became CEO of XTR- SP 10...now 1.9
Time he became CEO of Galileo 7.38...now 1.4
Well there will always be those with their heads in the sand..but objectively, the answer is NO
Have a look back at the history of failed targets and promises in each of his companies
Colin Bird’s AIM record, as of mid Dec 22:
Time he became CEO of BZT- SP 0.5….now 0.08
Time he became CEO of XTR- SP 10...now 1.9
Time he became CEO of Galileo 7.38...now 1.4
I mean, why wouldnt you if you could?
CB has done very well [for HIMSELF] from his AIM 'businesses'
But you can see how the tide has turned- investors very wary of his class ramp-then-dilute strategy. Recent RNS like yesterdays just gets met with ambivalence.
What is it they say- you cant trick all the people all the time?
-----
Colin Bird’s AIM record, as of November 22:
Time he became CEO of BZT- SP 0.5….now 0.08
Time he became CEO of XTR- SP 10...now 1.9
Time he became CEO of Galileo 7.38...now 1.4
That should read... I still didn't have a sale until Q4 2023.
Andrew - I almost posted something similar yesterday but decided against it. My timelines were a bit more optimistic but I still didn't have a sale in Q4 2023.
I must admit to feeling a bit frustrated at the 'early 2023' timeline given in the RNS for the new modelling. I note that after the Racecourse JORC there was a CB interview on 29th Nov where he said the resource model had already gone off to the modellers. OK, so they needed Ascot too (which they now have) but how long should it take? It was actually less than a month from the last Phase 1 assay result being reported, to the release of the first model study - shouldn't it be a similar timeline? But, given the 'early 2023' timeline, I suspect you will probably be right about Feb/March and that they will sit on it until they have the FB income to fund next steps at Bushranger.
Into the bottom draw it goes.
Now we have had some more info on plans, my best guess of what will happen next, and when is:
Feb/March Economic model released
Mar/ April FB at Full capacity Circa £350K a month PROFIT
April / May Start targeted drill campaign (may need to wait until FB income at full capacity?)
July complete targeted drill
Sept / Oct update model released
End 2023 / early 2024 sale of bushranger
I think the end game has been pushed out a bit from listening to CB pod cast yesterday.
This may not be a bad thing as I expect POC to keep rising from 2023.
Of course all IMHO. Others will see things differently
Yes you could well be proved right JS I just find it intriguing that I think on every podcast since the RC jorc was released he has repeatedly mentioned the hope that they can be joined up. Why would he keep bringing it up if there was no chance? And particularly since the markets reaction to the 1.1mt with the decision to mine being the only option and with CB admitting “that was my fault, I should have made it more clear. “
Since then, he has noticeably reined it in and is sounding far more candid. So he could well be just covering himself from failure by saying he doesn’t think it does join up if the mining study confirms it doesn’t. The fact is they simply do not know for sure yet.
I don't use HL, but broker's of that size/standing should always be able to help you deal via the telephone. try a call.
@mattyashy. If often happens on HL with Xtr. I'm not sure it means too much. You could try buying any large amount in two blocks. It sometimes works but not always. And of course there are two dealing charges to pay.
Unable to get a quote on HL atm. Any reason why?
howezap you are the ONLY person who is still clinging onto the possibility that they are joined up. They are not, CB even said it himself, and for as long as it is in XTR ownership we'll never know for sure because it will never be worth the money to drill more holes in an area which has already been determined to be of no economic interest.
Why are you still here then ?
Compassion ?
Jog on Rain Check
More chance of Meghan becoming Queen of England than someone buying this liability!
Try this :
Name one company run by Bird where long term shareholders holders have made any money ?
In a previous podcast CB spoke of the strip ratio tolerances that will determine wether they can both be joined up. Although it is of a low grade through ‘no man’s land’ it also stops 200m short below racecourse and mineralisation is also at depth. But if the study shows it could be economically viable to remove all the excessive overburden to get to the ore then it would have greater economic benefit overall to NPV
The alternative would be then that racecourse is stand-alone but with a strong chance that it can be partially joined up with Ascot, initially and I would assume concurrently mining the shallow high grade ore.
Targeted drilling programme to follow to increase tonnages determined by the conclusion of the study. I would be happy with that too.
The resource announcements are a "where we are up to" amount... a what we have so far. It can only get better. The pit study will be a "look what is possible here" study. It isn't going to be a grand total (so whats it worth) paper. Encircling with a JORC what we have so far was I believe meant to prove to anyone interested a factual amount of whats in there. As to why the market isn't getting it is beyond me and obviously leads to doubts but i still believe we will see a SP rerate sooner rather than later.
If only Bird was so candid in previous interviews I imagine the SP would not be sub 2p - Still Has taken no responsibility for the SP being so low, when most of us who post here feel it's somewhat down to his previous 'over-exuberant 2mt in the bag comments.
Cleared up a few issues in terms of where we go next. more drilling a possibility, which I am content with if the geo's feel it's worth it. Extending the near surface 'high-grade' volume would help the project no end, hopefully $$ is in the bank from Manica by the time we need it. (April next year?)
I don't think the sp will recover much any time soon tho, CB has lost a lot of credibility over the last year. That's not going to recover anytime soon.
If I understood that correctly, CB seemed to imply that we wont be doing a P3 drill campaign but will be doing a small amount of selective drilling where needed to be determined by the model when produced?
If so, I'm happy with that approach.
I can't see this being sold until Q4 2023 after more selective drilling, incorporation of more assy results to update model and waiting for higher POC in second half of 2023. We may have to wait until March for enough FB income to come through to start the selective drill prog
It could all happen sooner but I doubt it
No you didn't the message that came across is the blatant distortion of facts manipulated to
trash the share price without the right to reply.
"Seems he is talking about them as two separate mines - did he say something along the lines of that if Ascot turns out not to be commercial we still have 1.1MT at RC"
Not too sure how anyone could honestly come to that conclusion after listening to that interview.
I think you did miss the point JS The conceptual mining study will evaluate the potential to join both resources up to make it into one big open pit. If it doesn’t then the 1.1mt at racecourse will be the focus for the decision to mine.
Seems he is talking about them as two separate mines - did he say something along the lines of that if Ascot turns out not to be commercial we still have 1.1MT at RC? Seems to me any buyer would put little to no value on Ascot until it can be proved up more. I expect no third party interest and maybe no funding opportunity for a while to warrant a phase 3.
Trust me.Not tempted at 1P.
Bird has flown XTR.