The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I dont have enought time to go through all of this but Id be very very wary of those here who always defending CB. Especially if its a new profile. Like you meet naive people in all walks of life but sometimes you have to wonder if ANYone i really that naive- then you wonder what a Scooby Doo reveal on some of the identity of these posters would look like. I certainly have my suspicions.
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Colin Bird’s AIM record, as of mid September 22:
Time he became CEO of BZT- SP 0.5….now 0.09
Time he became CEO of XTR- SP 10...now 3.35
Time he became CEO of Galileo 7.38...now 1.6
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
Dont get me wrong, you CAN make money from CB companies. I made a small profit from XTR. But you have to ride the waves of CB ramps and ignore the fundamentals, because the latter is always sketchy on CB companies.
Last year he came up with this 'incredible' assays in Kalengwa, the SP doubled, only to tell us 4 months later that the lab assays didnt match up to the level of the earlier handheld ones...funny that, right? In fact, the discrepancy was so large and way beyond the error of margin for handheld analysis. Those are the waves you have to ride.
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Colin Bird’s AIM record, as of mid September 22:
Time he became CEO of BZT- SP 0.5….now 0.09
Time he became CEO of XTR- SP 10...now 3.35
Time he became CEO of Galileo 7.38...now 1.6
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
Communication poor from Colin 'these days'? When was it ever good?
Here is the problem. He is approaching 80, no? He has a whole network of 'businesses' (I use the word business in the lightest of terms)- 4 or 5 of them are listed in AIM. Each of them, has a several alleged projects going on. Collectively, its a lot. Especially as he runs them separately and there isnt a large management team.
Even the few of these projects which ARE viable (and not just ramping fodder)..move at a small pace.
Another thing is horses- assuming he named the fields himself. He spends a lot of time on horses. a LOT. Someone (steven?) posted that some years back on XTR, they hadnt heard from Colin in ages and the SP continued to decline (look at the trajectory since CB took over, NB the concerns you are expressing here have been expressed for every CB company for as long as he has had them- have a look through LSE history)- eventually a photo popped up on twitter of CB smiling, dressed up at Royal Ascot or somewhere. Meanwhile the PIs were getting radio silence and losing their money.
Even last summer- he went away to Europe to escape the Emirati summer- and there was barely any news across his stable of companies for 3-4 months. Presumably he had been relaxing and attending racehorse events etc
So in summary- you have an elderly man who has way too much on his plate, objecively has a terrible record on AIM, and spends God knows how much time {and YOUR money) and summer sojourns in Europe and horses. This is why CBs companies move sideways or in circles but never foreward.
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Colin Bird’s AIM record, as of mid September 22:
Time he became CEO of BZT- SP 0.5….now 0.09
Time he became CEO of XTR- SP 10...now 3.35
Time he became CEO of Galileo 7.38...now 1.6
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
What has happened to the regular interviews with Zak Mir and hope Colin is not avoiding shareholders as now share price close to the low for the year so rather worrying
JM1, mmm think we need something the continuous tick down will not abate until something juicy lands
So..... do we think we might have the ubiquitous Thursday afternoon news release from XTR?
I haven't applied the rigours of advanced statistics to this.... but I have the feeling that the most typical time for RNS release is Thursday afternoon at 1.24pm.
And we ARE due one .... if only for the quarterly results
"...... Colin bird has delivered where it ultimately matters..."
Until the SP reflects that view, the jury is out on who the beneficiaries of that delivery have been. Absolutely Colin is no fool... but that doesn't mean he will deliver for the benefit of shareholders.
ART->>> Anything can be said in a podcast, or rather Mr Bird can say whatever he wants and he knows that he can get away with not keeping to it………..
Unfortunately, and I wish it were otherwise, Mr Bird is making himself look a bit of a OLD FOOL these days.<<<
So whose the fool ART?
Colin for using whatever means at his disposal. Or you for taking what’s said in a podcast, literally.
I can’t help myself from responding to moronic comments like this. Colin bird has delivered where it ultimately matters, on turning Xtract cash positive from gold production with sustainable, significant income for many many years to come.
The proof of the pudding and all that…., but once Bushranger is sold on, and I have little doubt that it will be, Manica will be the primary asset.
The resource is going to be increased in the new year with plant modifications that will take all types of mineralisation, there will also be further drilling programs. The mods are being built on an already significant knowledge base of the local geology and the resulting drilling will increase resource estimations that will secure many more years of being an exploration company supported by small scale mining.
The increased understanding of the Manica geology is a key asset to Xtract, as this knowledge will be put to use in the continued exploration across the Manica concessions.
To be in the position it is now, debt free and able to self fund it’s ongoing exploration is a huge achievement in itself, as I’m sure the way the company is structured, it will have the potential to grow into a mid cap with its solid growth strategy in place.
Colin Bird is no fool!
I think if an investor has the patience to see through the long process that is resource building, then that is half the battle. The other half is actually doing their research, trusting in it and knowing exactly what they are buying into and understanding what the company needs to do whilst keeping their own expectations to a minimum.
This dog has got huge pawfyrys
Woof
oh good for you, give yourself a **** on the way out. Jesus.
narcissist
I had 60k in this company and came out with 90k , 30k profit . Believe me there were times when it was 7/8p and I wish I had sold then but when it dropped I took the profit . Was not an easy decision with all Birds hype . I do not trust him. I am heavily invested in Deltic now , making profit and they are due to drill a jv with Shell . It’s blackjack again but I am hopeful .
Good luck to all of you with XTR that I still follow but am not tempted back in even at this level now due to Birds lack of communication and the low results of late .
Looks to me like it's THEHOTTESTTONY under another name. Don't know how he finds the time to post, with all the money he be making.
That must have been a while back then THEHOTHICKET, why are you back now ?
Bird has sucked this dry . A real dog with no sale prospect .
I am so glad I sold at 5.7
I take your point but I'm not sure that an RNS is the approved way of giving indications of things that may happen. They are designed for actual facts and results, not speculation.
Yes its disappointing TBH, another one of those "best buy in the world sold by ...." and never happens.
Steady monthly top ups have helped my AV
I am not talking about what Mr Bird might have said in an interview/podcast. By informing the market I mean in an official RNS. Hence my "management should at least give us some clear indication of when these resource models will be completed” post. Anything can be said in a podcast, or rather Mr Bird can say whatever he wants and he knows that he can get away with not keeping to it but a RNS has much more credibility.
I have not come across the end of October prediction but then I am only looking in the official news releases for this information.
Unfortunately, and I wish it were otherwise, Mr Bird is making himself look a bit of a OLD FOOL these days.
"management should at least give us some clear indication of when these resource models will be completed”
They have done before...a few times.
In early 2022 CB said in an interview that the RC model would be completed by May (June latest). And at the August AGM CB said the model would now be completed within 2 months. (ie by end of Oct).
The issue isn’t the lack of timelines, it’s that events don’t happen when CB says they will.
The market wont react to any future predicted timelines as it now knows that a lot of CB’s timelines are not reliable.
Due to many failed promises, the market will only react on actual delivery – ie RNS of manica income results, Q2 results or RNS of completed resource model with full figures.
As CB has implied RC model will be completed by end of October, I dont expect it to be completed until December / early next. I hope he proves me wrong - but I doubt it !
The share price hit 9p in January 2021, which is the peak since the acquisition of the Bushranger prospect. A decent updated resource model for Racecourse and a maiden resource model for Ascot could and should see the share price test and even exceed these previous highs but it would just be very helpful if the market was given some prospective dates for the release of these models.
"4 August 2022
Bushranger Project Completion of Phase Two Drilling
Following the successful completion of the Phase Two drilling Programme at Bushranger, the Company will now take some time to reflect on the results of the programme as the upgraded resource model for Racecourse is completed and a maiden resource model for Ascot achieved."
Half-decent management would update the market on the expected dates for the completion and release of the updated resource model for Racecourse and the maiden resource model for Ascot. The communication from Mr Colin Bird is very poor these days. No wonder the share price is flagging. Even without any thought of the 2 million ton target, these two models should by rights see the share price up to at least the 7p mark or more, but there is little hope of that unless the market is given a working timeline. 4th August was over 6 weeks ago which seems plenty of time to get these ongoing models worked and released - and if not then the management should at least give us some clear indication of when these resource models will be completed.
https://www.mining.com/philippine-town-revokes-permit-for-tampakan-copper-gold-project/
Clearly some mining destinations are better than others. BR might not be the biggest resource in the world but it is in Oz.
That makes sense. What with the funeral yesterday it may have been difficult to get an RNS together for delivery to us this morning.
Kevin has responded on the T group, saying no XTR interview today - maybe tomorrow….
https://twitter.com/paola_rojas/status/1572006370442117121?t=EwYfHxEcX_jGAkIwjtG8gw&s=19
Always good to revisit the reasons why ours might be better than many others
Thanks Butlerman, a review of Q2 results if released would be favourite then. There could still be plenty to discuss without an RNS, operational update after the recent quiet period across assets or news on further growth opportunities which is expected in Q3.
But let’s just hope this will be the start of a strategy that will see regular news released that the market will not be able to ignore.
The fundamentals from both exploration and production will eventually be out there finally to be able to underpin a fair value and not be so speculative.