The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I hope you are kidding
10-15p a share would be a dream.
When you look at the world economy. And the record of Colin Bird on AIM. This would be a first that investors are actually making money from a Colin Bird business.
Take the money and run. Especially if its anywhere close to 15.
A quick reminder that will perhaps change your mind about selling to AA:
The record of Colin Bird and his AIM 'businesses' (I use 'business' in the lightest sense)
Time he became CEO of BZT- SP 0.5….now 0.07
Time he became CEO of XTR- SP 10...now 3.3
Time he became CEO of Galileo 7.38...now 1.3
Meanwhile ££££ squeeze out of these companies while PIs get decimated by the very placings that raise money to pay his salaries.
Tomorrow I'll have some spare cash and if the sp remains at this low level, I too will top up. News is clearly on the horizon if not closer. Will be surprised if buying doesn't pick up this afternoon.
Round about time for me to start adding back here, I'm feeling.. slowly to start with but if s/p weakness continues for a while yet then I'd add more and more punchily into it ..
(I had 2m shares here at my peak a long while back.... and while I'll never get near that again, having only 250k ish shares now is joke low.. so early 3's or late 2's p here might see me add a few hundred k shares, at least.. indeed starting buying today.. and bring down my average a little too, which always entices me to buy that bit more..)
Africa Gold output progress in Oct should be meaningfully progressive.. and CB would news that quickly at month end ish time if yes, I'd guess - slowly if not, no doubt :-) - and Nov/Dec etc prospects for that alone could underpin a decent rally here ..as the market LOVES bottom line profitability/cashflow positive...monies feeding in company bank accounts around now more than ever.. imho..
Bushranger is warming up again soon enough too; And Bushranger could, no doubt, be a very large indeed thing for this s/p quickly enough later this year.. etc..
What Dougal and you do in your free time is entirely your own business, Ted
A silver tongue is great, but it does depend where you stick it.
Hi porv, is all in my honest opinion of course and last time I checked , I cannot possibly be wrong because it is just ‘my’ opinion.
If I have reported something incorrectly, then it would be appreciated if you would kindly offer the facts, and not resort to insults…..Again! I am the first to admit I am wrong if facts are not right! It wouldn’t be the first time!
I am certainly not dishonest intentionally, or even talented, if I’m being honest. I will ignore the last slur as I know you can’t help it. ;-) welcome back
>> just compare xtr to 20 other little companies trying to do the same copper porphyry thing. This mob are laughable compared to what you can buy for half as much. Nothing personal, just business.
If there is nothing special about XTR, why is this the only board you keep commenting on apart from SOLG? :)
Don't worry buddy, only joking, I'm fully engaged to that crap too !
only 50 things ?
We could be here all night comparing notes about SLOWG..
I'm suggesting what might be wrong with your girlfriend...you're telling me what's definitely wrong with my wife. Geezus you think I haven't noticed!
Oh Christ Ormigghty...do you want to hear my top 50 list of things that suck about Solgold? Find a seat....
I see Solg is a bargain atm:
Don't worry about what you paid and what you dreamed..
That mob are laughable full stop. Nothing personal, just business.
I think you're all just average punters, whereas howezap is a very talented dishonest bs'er.
Don't worry about what you paid and what you dreamed...just compare xtr to 20 other little companies trying to do the same copper porphyry thing. This mob are laughable compared to what you can buy for half as much. Nothing personal, just business.
I’m in exactly the same position, Steve. Have had to refinance as well, as I’d hoped to be able to take profits before now to fund a project. But I’m still holding on to every share. I don’t know what the Sp/Dividend will be when Bushranger is sold, but I’m confident that it will be multiples of the current SP - so there is no point in bailing out now. I await the end-game with eager anticipation!
£150 of shares sold in 5 hours of trading today... tells me the investors are still here.
No new PI's will take a look at XTR until there is some significant news released that prompts them to take a look. As for II's, they may be watching but won't even bother trying to enter at this price and with such low volume... can you imagine what any significant sort of purchase would do to the SP? They may as well wait for news (less risk) and then look to build a position from the profit takers on the way up.
I must confess to being one of the investors that was somewhat upset at the delayed timelines (I had allowed for a significant amount of slippage but clearly not enough!) because I had overcommitted in XTR using money ring-fenced for something else. Instead of selling though, I have done some 'financial restructuring' of my own and now sit in the 'happy to wait' camp. The news will come soon enough and the painfully long wait will all be forgotten.
Keep the faith and GLA
Total drilling in the IOCG deposits at The Little Eva project just recently sold, includes 1,470 drill holes for 208,637m. Most of the drilling was done by RC. Cheaper, as the drill compiles cuttings instead of core so gets bagged at surface and go straight for assays. Whereas Diamond core, used exclusively in both xtract phases at BR can be analysed on the surface for geological and mineralogical structure more suitable in porphyry modelling, with the extra handling increasing the expense.
So it’s not too difficult to understand why Eureka pit extension drilling and IOCG theory exploration is not planned yet. It could be extensive and costly. Could be combination of mostly RC with DD as well. As the pit will be further developed eventually to the north west and at depth it will require more drilling with tighter density data points due to deposit type and to increase the probable/proven ore reserve potentially in a first development phase to increase the overall pit size.
Could well then see some initial deep drills to establish what and if is down there and extent of IOCG if so. Results here could open up the project considerably if a larger discovery is found to then have its own plant developed to process on site.
Financed, funded in house, or with a similar business model to Manica used. There is huge potential mid to long term, just need to get that regular income in the short term first to kick start the project.
Half year report,
>>>No further exploration was undertaken at Eureka during the period pending consideration of options for possible future development.
Very Interesting. Just hope the excitement from them earlier assays that highlighted the potential different deposit type was warranted and the project doesn’t follow in the same way as kalengwa if profit cannot be turned from transferring ore off site.
Will we get some news this month or next? I thought maybe with the recent assay results RNS that it might be the start of a news flow.
Agreed..... new investors/new money will flow in when the news starts to flow out.
If there is no volume (just 480k yesterday, with 270k buys), then investors plainly haven't gone anywhere - they are holding on to their shares. What we need are new investors and that is likely to follow news on Fairbride, the Racecourse and Ascot MREs and the mine model.
It just looks like investors have gone . The question is will they return and will they return to the conventional markets.
Hi IWTO
Cheers, value your opinion, would agree with you that a more detailed costings update should or could improve the economics.
Pound for pound, one would assume in most instances the IOCG would be more profitable due to grade and easier to separate. But the reality of a far longer LOM for a porphyry deposit with more consistent grades in bulk make for easier mining, less ongoing plant modifications for different ore type and a long mining operation over decades that do ride out commodity cycles a lot easier.
Let’s just hope the numbers do stack up!
Howezap, yes higher capex can be recovered more quickly from higher volumes of ore going through the plant. Only thing is, based on the last figures we saw, BR’s opex per lb of copper is much higher than Eva’s too. I admit I haven’t studied Eva in detail other than to note their cash costs per tonne seem very low. So I stand by what I said - the higher throughput at RC at higher opex would not compensate for the higher capex, in comparison with Eva. Of course it all depends on updated detailed costings so currently this is all IMHO.
CB has the right individuals in place across all his companies with the specific capabilities, values, and experience to move them forward. If he couldn’t keep on top of his workload, he would do something about it, if it was to the detriment of that company.
He stepped down from jubilee metals as he felt a more suitable candidate with different set of skills would be better for them in the next phase of their evolution as a company. CB admitted his skills are more appropriate to companies which are at an earlier stage of their development. So he did something about it, he’s not daft.
Having to second guess what’s going on is obviously not just confined to just xtract then.
The lack of clariry over in another of CB's companies isn't helping the XTR cause. Over stretched maybe.
All on hold until Cu price recovers somewhat, as it vastly improves the poker players play.
>null
Hi Butlerman, there is an arguable point that the pit model in particular with its financial evaluation will be held until after AA have been approached, as this will form the basis of the ‘decision to mine’ option. If AA pass, on the option to buy back in then there will be a full on marketing push and a webinar will potentially be integral to it as they ‘position the project in the global market.’ If they decide they want back in then we could see a news blackout out until conclusion.
Then on the other hand, Colin will not want to go into any negotiations with a poor market cap, as he has stated previously “its better to go into negotiations with a strong market cap than apologising for a weak one.” If this is maybe still the case now, then a full reveal including a webinar and anything else at their disposal to drive the market cap up may happen before AA are approached.
I’m open minded on this one, can see both sides.
Anyone else got a take on this?
I’d love to have this too, Howezap. But having such a revealing presentation available to the open market, and potential suitors, all at the same time, may risk giving too much information away, and thus impact any financial negotiations with buyers. All just IMHO. I am not saying this won’t happen, but it would surprise me if it did.