The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Nelson and Chepica cost me dearly when I could least afford it.
I learned a lot as it unfolded that they literally just legged it and left all the machinery.
Jan Nelson buggered off back to SA with his GF who had sold us a pile of useless tailings, and he started a brewery I think.
Buggered off with my money.
CB had better not do that to me again.
Just saying.
IWTO
Sorry, I should have been clearer.
CB implied that we would prove up the 2mt with our drilling. I suspect there may well be more than 3mt over all the licence, but we wont be getting that value unless we prove it up ourselves.
Obviously we wont be doing that but CB did imply we would have a MRE of 2mt.
To be fair, I guess he may still be proved right as the MRE has not been declared yet.
I really hope I owe him an apology soon :) But I doubt it.
Hi gixxer, if I could offer some defence for CB. Firstly, Kwadoku ramblings on the various company share price declines since Colin bird took them over, just uses the share price to support his agenda and not market caps. He ignores that fact and so does not take into account any share dilution since then, so is very misleading.
Generally a tier 1 , depending on
where you are , is a mine that produces 20mtpa over 20+ years. This of course will be an initial mine, that will go on to access the deeper underlying porphyry after the open pit is depleted. Results have shown some drills had touched the edges of these deeper porphyry at RC. Thus increasing the life of mine considerably. I’m hoping the updated conceptual study will show this as a feasible future option. Along with IP/EM signatures across the whole deposit area that show other anomalous targets including two new targets identified. These will all have some credence backed by the correlation of the surveys against the assays from RC.
I think value will certainly come from showing a multi mineralised, multi porphyry system that they have gone to the lengths to understand from various drilling locations. Maybe doing so intentionally rather than just finding and firing holes into the high grade crown at Ascot to guarantee 2mt. What is more important?
Am I the only one who thought that 2MT was across the whole of the licence? That was reported back quite clearly, I thought. But that’s not to be sniffed at: 1.25Mt for RC (say), with optionality over Ascot and anywhere else that’s contributing to the 2Mt (capex-free after RC).....
"I notice that there must have been another "misunderstanding" re the "definitely got the 2mt "comment. He apparently was talking about the 2mt in ALL of the licence" - must have missed that comment.
As i recall, in the removed section of the presentation video he gave last year he actually circle's the RC area, with a lazer pen, when he states the target will be reached. He also stated its a T1 asset and that the mine will run so long mist SH's will be dead before the mine is barren. With the latest 25y statement I definitely hope I'll not be pushing up daisies so soon!
I should qualify that my numbers are for a pay out. I'm assuming the company will not divvi the whole BR sale value.
"My thinking now is 8-12p"
Possibly, but any buy out less than 10p or RC MRE less than 1M and I think CB's reputation is in tatters after all he has said many many times. There's being optimistic, and there's being deliberately misleading (being kind using that phrase) :)
Even CB's praetorian guard would struggle to defend his comments over the last 18 months with less than 1m RC or sub 10p buy-out.
I notice that there must have been another "misunderstanding" re the "definitely got the 2mt "comment. He apparently was talking about the 2mt in ALL of the licence - not what we would confirm from our drilling... Hmmm.
For clarity - I am expecting min 15p buy-out and 3p additional value for FB. Sp high, in high teens.
Having already taken my entry, ave 1.6p built up between 2015 and 2020), the the bulk pf several million shares seem set to pay well.
Patience.
I just hope Birds ego doesn't further dilute us into another round of drilling or indeed another half arsed due diligence projects.
Agreed A4444. My thinking now is 8-12p
"The question is, how off the mark from his comments is BR? .......we will find out shortly but with Bird's history it I doubt it will be anything near what he's told the market"
Agreed.
But even if it is say only 1.25mt Cu at RC the majors will be interested and I would be amazed if that amount at RC + whatever value at Ascot + the other areas of interest in the licence wont see a buy out of 10p min.
Yes, nothing like what CB has implied many many times, but a three bagger against current sp and a new sp high. (min 12p high if you add on FB additional value )
Kwado.
I was going to say not true. I've made £25k profit from JLP. But then I've also lost over £22k in KEN/BMR.
Blimeyori
Or you could instead ask yourself why the SP is so appallingly low and always retraces after good news, even though we are supposedly on the cusp of greatness
lol !
Fair enough Jezz - I'll get back in my box.
o/
I get all that Gixxer, I've been listening to his stories for many years.
I just don't need Kwaka reminding me every five minutes.
So I filtered him.
Kwak gets a lot of bad press, but, if you're all honest with yourselves he's really not that far off the mark.
What have we seen from Bird across all the companies he's involved in - huge dilution, missed deliverables, sometimes by years. Consistent misleading statements to shareholders, millions blown on his next, 'this is the one' project that then get dumped...
Yes, he made a sale once, but was was his track record before? - It seems he is blowing share holder money looking for one more asset to prove he is not a one hit wonder. Will BR be that? - It's looking OK, but possibly nowhere near the BS he's been feeding us the last year.
In the last interview he backtracked on the 2MT he'd been spouting was a given - halfway through the interview he also suggested in was the interviewer's words that it was a 'tier one' asset despite him saying it himself numerous times. No mention of Ascot?!
The question is, how off the mark from his comments is BR? (Remember how great Eureka was going to be? The Alluvials? (our partner actually sued us at the time remember?) The satellite HR mines? - We will find out shortly but with Bird's history it I doubt it will be anything near what he's told the market....
He's filtered
You forgot AFP and Kendric they're both doing tremendously bad too. :)
I’m not going to bother responding to Kwadoku’s constant streaming of the same thing - day after day, week after week, yawn…. To do so would be to give him the attention he is clearly seeking. I’m filtering him instead, so I don’t have to look at his posts, and, more importantly, his posts don’t distract from those of the many excellent, and well researched, posters on this forum. Simples!
So did he explain what was going on in BZT in Sunday Roast? As I say, anytime he goes on that show- its a red flag.
For a man with such poor PR in his companies- he finds the times to ramp his companies on these type of programmes. There are some CEOs who barely go on them but have much better records
Also- anyone who thinks that CB can predict world markets is living a fantasy. A lot depends on how long the current war in Ukraine goes.
Just to be clear, CB made some money in 2010 on a copper deal. Since he has been on AIM- the results speak from themselves:
-----------------
A little reminder 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.
He actually has a very small team.
You can say that Warren Buffet is 90 but he has a massive team which Colin Bird does not.
He has 3 main AIM companies- BZT, XTR and GLL..I think is Barrick and one other one?
This is someone in his late 70s, lives in UAE, and goes away for extended summer breaks in Europe where he indulges his hobby of horse racing.
How much time do you think he spends on his so-called 'businesses'?
A little reminder 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.
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..