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Jazzoo, naughtygordie is using simple sarcasm. Not always easy to convey...
On other matters, I'm happy to sit and wait. Some of the delays are due to Ascot turning up and causing a delay in that it needed to be assessed. Happy with that. If that makes me a fool, fair enough. But it also make make me a lot of money, also happy with that.
Jezzoo, I think it was humour, tongue in cheek, ironic.
The majority of investors know all that, if they didn't they should.
Inconvenient ? I don't get the meaning of your post.
it must have been painful for some watching this asset get larger and larger with every drill, taking longer and longer, being kicked down the road , and then to top it all a new porphyry was discovered, how inconvenient can you get ? ;)
I was so lucky to have sold out of this just under 6p at a profit . Was a very difficult decision with all the hype associated with most AIM companies .
Sadly it looks like xtract stands more for xtracting shareholder funds than mining .
Clearly no external interest in the land or its contents . Current income will not cover ongoing expenditure and Bird will be looking for more capital injections and the dilution in due course . Got to really congratulate him , he really is the master of disaster .
I wish you all only the very best but I will never touch a Bird business again .
"It will all come out in the wash " as my old Mum used to say. We make our decisions on what is laid out before us. Some of us are au fait with copper porphyrys, some of aren't. The one's who aren't have to rely on what the company tells them is happening. It's reasonable to expect to be told the truth as is reasonably possible. We are dealing largely with the unknown until it isn't the unknown IE it's been drilled and assessed, so time scales can and will slip. We are have been led to believe we have entered the end game and by it's very nature it can't be played out in public.
CB will do what likes and maybe that's why there is doubt but we are at a point were will we will find out very soon whether we were wise to give him yet another chance to make us money or at least get back some of the money we have lost believing him in the past.
It's up to you Mr Bird, please do your best to deliver to us what we came here for.
You make a lot of incorrect assumptions, you clown. The only thing I am frustrated about is the misleading comments and statements made by CB. Timelines and resource. Resource because nobody realistically expects us to be anywhere near as close to the 2MT as CB claimed we were.
how can we have been misled about the size of the resource when the size of the resource has not been released ?
>> Shareholders are entitled to vent their frustration on boards like this
LOL. So your investment is doing badly (from your perspective), so your solution us to try to make other people feel bad about your investment too? Have you considered that complaining about your own investments becomes a self-fulfilling prophecy? People are selling and pushing the share price down because you are constantly telling them to sell? I believe you - because no one would ever make that up :)
Its seems that yourself and several other serial complainers have been invested with CB for many years. Did you suddenly realise recently it was a bad investment, or that CB is apparently misleading you? Did you not notice on the other fifty occasions he was optimistic? Or maybe his optimism is fine when the share price is rising?
The reality is that you have had countless opportunities to buy and sell over those years, when the share price was both high and low. You decided to buy and hold. No one forced those decisions. Blaming CB now after all those years, when you chose to remain invested throughout, is self-delusion. Yes, it can be hard if you feel you made a bad decision, but blaming someone else for your decisions - especially when you have had many, many opportunities to change them - or standing by them and taking responsibility instead, says a lot about someone's character.
BTW I am happy with my decision to be invested here and added quite a lot more in recent weeks. I might be wrong, but if it does turn out to be a bad decision, I am certainly not blaming someone else for it.
Always the same from cheerleaders on these boards. If an investor is unhappy with how things are going he’s accused of not being a shareholder or being a shorter, troll etc.
Wrong. CB has badly misled shareholders over timeframes and size of resource. Shareholders are entitled to vent their frustration on boards like this, just as much as the cheerleaders are entitled to wave their pom poms. What I am most unhappy about is being misled by statements and comments made by CB. He has gone very quiet regarding Xtract and I fully expect this project to be sidelined.
And BTW I would be furious if Colin published an economic model or tried to sell right now. Unlike most of the short-attention-span-brigade, I actually have faith in my own decisions and the patience to wait for the right time to sell.
I see we are back to a board full of complainers. If you really are invested (and I seriously doubt it for some), then do you think your investment is best served by constantly denigrating your own investment?
Who exactly are you complaining to? Are you trying to persuade other investors to sell and reduce the share price? Do you actually think the company will change its strategy because you are complaining? Is it simply a childish desire to stamp your feet in public with no regard for consequences?
You made a decision. Even if you think it was wrong, at least be adult enough to take responsibility for your decisions and don't try to blame everyone else. If you think there are better investments out there, then sell here and buy there. If you stay, then you must think this investment at this price is the best place for your money.
Its a shame because this used to be a really good board. Now its just trolls and serial whingers. Telegram is the only place left with actual decent debate.
After being here many years and hearing it all before I liken Bird to an unscrupulous used car salesman. He's sold you a dud vehicle, and is a master at spinning you bul1**** just to get rid of you to then chuckle behind your back when you're appeased by his words.
Not just at XTR, but across all companies he's involved in it's generally a shambles, He cuts corners and does not carry out DD in a manner that should be done. So many failures he's over the years, and every one was a winner according to Bird...
The, possible, saving grace we have with the BR project is the team down in Aus. To date, IMO, they have done a fantastic job and I imagine the upcoming reports, whatever the final value, will have been diligently compiled! (I hope they keep him away from it as much as possible)
Not long to wait, the reports should be 'immanent' but don't expect him to explain/apologise for his previous misleading statements.
GL to all invested!
Colin says it takes 10 days to complete the model. So what are they waiting for? Timelines have been missed badly. I personally feel I’ve been led down the garden path by Colin. I’m not looking for reassurance and selling is not a great option because I’ve got millions of these. I want to know what we have, I suspect it’s around 1MT, way short of the “almost there” 2MT claimed previously. The follow up assay results this year have been absolutely terrible. My own expectation is that CBs “almost there” comments were on the expectation that results would be nowhere near as bad as they’ve been.
I expect a positive NPV only with an unrealistic copper price. Which tells me no phase 3 and this project will sit until market environment is better. Fairbride cash to be spent on the next big thing, and perhaps coupled with a raise.
People talking about punishment from the market if something doesn’t happen in the next 6 months but the punishment has already been severe and the project is priced at almost nothing. If I can break even on this I’ll be happy, even allowing for the opportunity cost of having been stuck here for what was supposed to be a relatively short term investment off the back of the misleading comments made on podcasts.
I understand its not good for the board, so I will leave it, but I will return on the 1st of December if the new model has not been released as implied. That's implied from the most recent time, not the time he said October last year.
Not exhausting being angry, it's exhausting being an xtract shareholder.
Aeris, yes that's all possible but I actually don't feel confident the delays and silence are all down to the external factors. Been invested with Colin for a while now (not intentionally) and I am afraid I do not recall a time when silence and delays ended positively with shareholder value being created.
Lucky ... the anger is exhausting. It must exhaust you too. This discussion stemmed from Banjai posting under the title "Cheery post" earlier today.
Condominium = economic
Interesting predictive text
Lucky
My personal opinion is that everything was ready by the end of May. Nothing new has been announced in RNS since that time.
But with the invasion of Ukraine, the collapse in the price of copper, inflation, world condominium uncertainty, I can see why the company has been treading water for months before trying to engage with AA or ANO.
It doesn’t take 5 months to produce an updated resource estimate. Nor to update the model.
I don’t expect meaningful news until the price of copper is over $8,000 and going up.
There may be further share price drift down in the meantime but the copper and gold are not going anywhere.
Steve, you work in analytics? Correct?
I didn't say he would be influenced lol nice try Steve.
Knew you would be here to reply haha
He doesn't care what I say on here and he doesn't care about you or the other shareholders, that's obvious because he tells us what we want to hear and then doesn't deliver.
If you think your vote counts, it doesn't, as proven by the Alistair ford vote. Everyone voted him out, but Colin, the board and his friends have enough votes to do what they want. We are all here just waiting in hope that he wants a return on his own investment and we can hoover up the crumbs left over from his feast.
>> The only reason I keep posting is I know Colin reads the boards and it makes me feel better knowing everytime he misses another deadline he unnecessarily set, I will continually moan and he will likely be reading it.
Yes, I am sure that when Colin is making decisions, he is influenced by the frequency of complaints from a random person on an internet forum.
Zero, to be clear, yes I'm invested. I've been here 5 years plus now. I read every rns, watch every video and also listen to every podcast, sometimes two,three,four times over. I dont care what anyone on here thinks anymore, it's all just opinions.
The only reason I keep posting is I know Colin reads the boards and it makes me feel better knowing everytime he misses another deadline he unnecessarily set, I will continually moan and he will likely be reading it.
If anyone doesn't like it, there's a filter button.
BTW my continually moaning behaviour started around April/may when we were supposed to have this thing done. Maybe if Colin hadn't insinuated it will be done, I would be excited, waiting for the new jorc resource like the rest of you.
>>Some positive posters are probably also seeking reassurance. Some are simply comfortable with their investment.<<
Here here ZM
Originally we were told to not be surprised to see the drilling to extend the IRR before the end of the phase which would make total sense. Now with the Initial recovery rate at racecourse not being increased with more infilling, from what I understand it is odd, as surely they would want these results to be included in an updated resource statement. Then from feedback from the AGM was that they would see what AA wanted to do first, after a decision is made, then complete the IRR infilling and then other phase 3 targets sequentially.
Generally, during ongoing exploration you would only update the JORC to understand what to do next geologicaly, so maybe in this instance, with one or other buy back option to trigger it seems fair enough in this case, to then understand better what will be needed to be done next. But, the high grade early recovery is a critical component of the NPV model that supports the decision to mine. So in that respect they are going to the extent of having a potentially less than optimal financial evaluation completed or updated, no doubt by a similar or the same independent consultancy firm as before.
That’s the interesting bit.
Is ‘now’ strongly implied from that podcast, that there will not be any phase 3 drilling, regardless of wether AA want back in.
It certainly appears to indicate there is potentially a satisfactory model to show its viability already, with the objective to trigger the buy back mechanism as soon as possible as has always been that objective. So I’m more of the opinion now that this will unfold to a conclusion sooner than later when there is a window of opportunity and certainly if the financial model comes back adequate with scope for the acquirer to improve.
There never is a happy medium.
Little to no news is seen as covering up bad news. Rather than there is no specific news right now that can be talked about.
Lots of news is seen as a ramping CEO who is trying to bolster the SP in advance of yet another raise, yet risks 'crying wolf' and devaluing future news as it may be dismissed as further puff and blather.
My view on negative posters is that the poster is trying to get reassurance from others. If their negative feelings based on what they feel they know was strong enough they would sell out. This excludes the negative posters who have lost money in the past and don't blame themselves. (2nd hint of the day ... you can only ever blame yourself, even if you have really been scammed. You chose to press the #buy# button. Leaving the money in the bank would have resulted in a better result. It was your own appetite for risk that got you where you are).
Some positive posters are probably also seeking reassurance. Some are simply comfortable with their investment.