Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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How effing freaky is that zap
Today is the day I've finally got my stake with CISCO.
BTW am no lady but a tramp ❣️
Oh that nice lady! Wonder if gone into hiding from Cisco coz he didn’t want to buy a racehorse 🫢
I was referring to "that woman" Howzap, I daren't type her name she may appear !
( You were down the list actually !)
‘The’ not ‘a’ Jez
We seem to be a cheerleader or two short today.
Nothing to cheer about though I suppose.
Copper looks to have turned! Good job we have a massive porphyry that's economical to mine and we will sell for 25p with a few whiskeys!!....
Another 2.5% of value created today I see!
The Boards regularly creating value!
Monty.
Re "I dont post much but want to reply to old school. We have been let down baddly here, some would say lied to. I believed in Colin but no more. After bushranger he should go or carry on drilling. Forget more chasing rainbows in Zambia. Start to pay a divi so we can start to claw back our losses. I think old school could be Colin."
Don't think it could be birdy. He didn't repeat everything in his post like he normally does
Any creation of value at all lies in Manica now, until we get clarity of cash flow and profit to XTR the nice production numbers from the mine only benefit MMP and Empress.
So OSV get Joel a coffee and some low cal biscuits, plug in his calculator for him and lets get some proper ffkng numbers pls.
Don't panic CB's creating share value...............PMSL
" A small group of whining non supportive shareholders will repel new investors"
You don't seriously believe what is posted on BB's has any effect on share price?
🤣 it's the moaning non shareholders who have caused the drop hahahhahahahahahahahhahahhaha
I dont post much but want to reply to old school. We have been let down baddly here, some would say lied to. I believed in Colin but no more. After bushranger he should go or carry on drilling. Forget more chasing rainbows in Zambia. Start to pay a divi so we can start to claw back our losses. I think old school could be Colin.
Finally !
PublicLooView has revealed why he posts as he does.
Nothing to do with hard working members of the BOD creating value, just good old ramping
Two things:
1. My comment was sarcasm
2. I wasn't talking to you Colin old boy.
New investors will be drawn to companies that have a solid shareholder base of resilient knowledgeable shareholders. A small group of whining non supportive shareholders will repel new investors. With that comes pressure on the SP. Not confusing at all.
Confusing isn't it ?
Https://www.miningnewszambia.com/more-investors-set-to-flock-into-zambia-analysts/
Has CB got something right ?? :)
A + B = AIM(CB X UNCERTAINTY/INFLATION)
We're now down to May 2019 price levels.
Very strange considering we have income generation, other exploration and of course BR sitting on the fire place. False price or does someone know something we don't. We all know this equation doesn't add up. A+B = Somwthing not right.
I agree with A4444, the less time he has left, the more inclined he is to rainbow chase and now Manica is throwing money off, he could be tempted to use that in high stakes gambling in Zambia, his favourite place to spunk cash instead of ploughing it back into a going concern. You never know he might get lucky but if he doesn't why should he care.
WE NEED A CEO !
"but I don’t believe that would impact on any decisions that will come to potentially and significantly increase revenue."
Disagree. I think it will.
We can only spend the manica income once. I suspect Cb would rather use it to buy more lottery tickets than use it to expedite the increase in output at manica. If he does use any of it to build up manica he may only a bit of it.
CB's strategy is actually sensible and correct if you haven't got much time left and are going for short term successes.
He's 80 now
I think what you are saying could well be true, but I don’t believe that would impact on any decisions that will come to potentially and significantly increase revenue.
There will be a certain evolution of the mining operation based on geology and the desire to all make more money by exploiting as much and as fast as viably possible. Ongoing feasibility studies will dictate the growth of the operation and with other parties to consider, xtract will not want to miss out on increasing its profit share I would hope. If funding in part for any modular upgrades or separate plant can be sought then xtract could well expect a share of production over current nett profits.
I hear you on that Andew..
...and it might be African Pioneer or Galileo etc that highest, second highest etc priority treasure hunt focus is on in 2024 etc..
I agree about the potential for manica and it does look to have good potential to increase production and income.
My concern is that CB wants to make another big copper discovery before he leaves ..and quickly as he knows he's running out of time.
Cbs focus will be treasure hunts and maybe doing more and more and being more speculative with each licence as time runs out.
If CB left now and we had a much younger CEO who's main focus was on maniac to fully exploit its potential, I think many share holders would jump for joy with that approach.
I suspect the share price would also jump for joy as well :)
Take for example Manica. The studies will be ongoing to establish what upgrading is most feasible to accept the sulphides later on.
It should be considered that xtract will certainly be pursuing extending mine life by accepting all ore types. This will then give opportunity to unlock the remaining current ore reserves from the satellite deposits on top of any additional ore identified through further exploration. All cheap easily accessible mining with potential to exploit a greater profit share if xtract can get a debt facility to part fund any upgrade or additional plant, which I would be confident in saying that has got to be a serious consideration.
Importantly toward that, the Manica concept study indicated that ‘much’ of the Manica Project area would be readily amenable to low-cost surface mining techniques, and that it exhibits no particular technical or economic risk issues that could undermine its operational viability.
You can start to appreciate why Colin has already stated that they want to bring down the ‘potential’ LOM of about 100 years from all current ore reserves , estimated from currently limited plant capacity. I Would imagine more probability than speculative that would happen
Manica could become a rather valuable asset.
Hi JEZ yes I have been pro Colin normally just to offer an alternative view over the overly biased general negative perception of him or how he runs the company.
When you invest in a Colin Bird company it kind of comes as a package. I invested into BR, but clearly there is still potential there, and across other assets to move forward. Agree nothing said on here is going to have any lasting effect on the share price.