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Anything of Interest I cannot listen at mo
Shots fired. (paraphrase) CB)-How can an individual on a bulletin board make statements which I cannot make as I am waiting for independent experts come back with all the details.
CB not happy, as he said if he'd sold all his shares in a company and proceeded to trash the company he's expect a knock at the door.
Maybe their legal team has been instructed to go aknocking ?
Angriest I've heard Colin. "If someone sold all their shares then bashed the company - they should be expecting a knock at the door"
One thing I thought was that CB was, just a little pi..ed off with what was posted yesterday morning.
Knock Knock
Who's there ?
CB's going round Steve's house to chin him
Colin is talking BS. I don’t 100% support Steve’s conclusions but he has every right to say what he wants and has worked bloody hard on that research. Harder maybe than Colin has worked on xtr in the past 3 months!
Just imo, but for a chairman to talk like that is outrageous. He needs to step down and help with a succession plan for a ceo.
>>Colin is talking BS. I don’t 100% support Steve’s conclusions but he has every right to say what he wants and has worked bloody hard on that research. Harder maybe than Colin has worked on xtr in the past 3 months!
Just imo, but for a chairman to talk like that is outrageous. He needs to step down and help with a succession plan for a ceo.
Agree that freedom of speech is a given. I took away that CB was more pipped off that the comment came out effectively "I sold my shares, here's the worse possible scenario of what it could be". He clearly believes it impacted SP
Colin Bird simply showing his true colours. The man is clearly a bully. Outrageous threatening remarks. The last time I checked we had free speech in this country. I think the likes of Colin Bird (and some posters here) would be better suited living in China or Russia where you cannot state your views without the fear of retribution.
Disgusted quite frankly. I will never invest in a CB stock again.
The iceberg- well said I completely agree. Bird is way out of order. Completely irrational and unprofessional.
He needs to apologise personally to Steve4077!
Free speech works both ways.
Are you saying because you are a CEO you have to take all criticisms and say nothing ?
To add a good chairman would say he was sorry that a serious loyal investor has sold up. Then have the knowledge to take on the comments and provide a sensible argument as to why it was wrong and what xtract has achieved.
" Losing money can make one’s thoughts irrational and delusional."
However much money must you have lost Dibs61 ?
To be fully fair to Colin he was asked by Kevin what would happen if he sold his shares and then trashed the company. He replied he would expect a knock at the door. Well that’s correct as he is the CEO, Steve isn’t so can say pretty much what he wants, assuming he has no insider info etc. It was a rather silly question from Kevin really….
No Jezzoo of course I am not saying that and you know it! Free speech yes. Bullying and intimidating language NO. You tell me where Steve4077 said anything that was out of order? On the contrary, logical well reasoned well constructed posts. The answer is not to respond like the East German Stasi but to respond respectfully and argue your case.
Bird has landed himself in this hole. He has made numerous claims about the size of resource at Bushranger. Indeed far too many to even log here! HE is the one responsible for this mess. No one else. He should take responsibility instead of being a coward and trying to deflect attention on to a BB poster.
Pathetic.
Both Iceberg and Dibs have lost me there: I respectfully diagree with the perspectives they have on that Interview.
CB is saying that the Independent experts will do their work and best wait til after that is published to do good quality analysis and reach conclusions as to the value of Bushranger etc, which is exactly what he should say imho.
That's not to say Steve is not entitled to his opinon but Steve's opinion can of course turn out to be wrong too ..eg if one varible that's a key driver in the overall analysis is decently off - eg Opex has been talked about by Steve M and others- then the effect of that may easily mean that his conclusions could be plenty wrong indeed.
I'll make this one short post in response. I'm going to restrict myself to replying to questions from now on as I have made my case and don't want to spam the board.
There was not even a single attempt to answer any of the specific points raised in my doc with actual numbers. Instead: "We don't know - its all in independent hands to tell us if we actually have anything". Very different than previous statements. I think that is an pretty strong acknowledgement that previous positive statements were not based on knowledge - because they are waiting for an independent source to tell them its economic.
No acceptance that JORCs should be compared like for like to inform investors about added tonnage, or even acknowledgement of that main point. Twice said there was 1.1m tons of copper, when there is actually 922k tons at 0.08% Cu according to the XTR RNS.
Colin only talked about independent modelling, which is irrelevant if they only have about 10%-15% more copper than the original JORC at the same cut-off. Also I don't need access to any modelling data to state the JORC is completely misrepresented. Its all in the published RNS and that is the massive underlying problem that he completely ignored - ask yourself why?
I though the 'knock on the door' comment was unprofessional. Also, my comments on telegram have now been been deleted and Kevin Hornsby is saying "This will probably be escalated by XTR". Can't debate the facts, so just try to bully the messenger. That escalation should be interesting though, especially if they have to refute the data or we start analyzing everything Colin has said publicly.
''Just imo, but for a chairman to talk like that is outrageous. He needs to step down and help with a succession plan for a ceo.''
You might want him to step down for other reasons Iceberg, but to say the contents of that Interview is a reason for him to step down is totally beyond my comprehension. Altogether, those two posts of yours are well over the top imho.. but you are of course entitled to your opinion...as am I ... and you have had excellent knowledge on the detail of drilling porphories, without a shadow of a doubt.. and I'm very thankful for your high quality posting here around such.
I would take your comments more seriously Dibs if it wasn't for the fact that your virtue signalling suits your previous negative opinion of CB.
We will have to wait a while before we see just how miffed XTR are about this attack on their company.
I say attack because taking everything into consideration that's what it amounts to.
CB is a master of bluster but he got one thing right, until the study has been completed NOBODY can really say what the figures are as nobody knows all the facts. For somebody to sell out and then post a lengthy negative "paper" about the company is more to the point rather than whether the content is accurate or not.
Investing100,
The point, imo is that he’s put everything out there, precisely so that people can do what they want with it. They can change the capex, opex etc and anybody who reads these forums can do that and say why they come up with.
I think the capex sounds way too high imo. I will post a bit later in the next 24 hrs or so as to why I think Steve’s work is a little wrong.
Ntm the issue is Colin saying that people who have sold shouldn’t be critical. Everybody-anybody can have a say. The issue is whether what they say is true or not. If they provide sound reasoning then I welcome criticism and Colin should to.
There is also the bigger issue that Colin has surrounded himself and xtr with yes men. There is no IOD. No real nomad or broker questioning. No presentations for people to question his reasoning. There is nothing. If he thinks he can or should comment on anybody questioning him on a public BB, he’s acting in a way which stifles his position ie a dictator.
The other famous aim charecter that did this was David Lenigas, who tbh belong in jail.
" I will post a bit later in the next 24 hrs or so as to why I think Steve’s work is a little wrong."
Please do. I would be interested in your thoughts Iceberg
The fact that you both see some of this differently, shows that no one really knows. Apart from the independent experts with all their skill sets, data and resources.
Its more complicated and nuanced than a maths question.
@theiceberg If you are looking at the numbers, please check the JORC calculations too. I think that is a lot more important at this stage than the NPV models. Bear in mind that the new JORC uses CuEq cut-off and the old one is using Cu cut-off. The best comparison is from the 0.15% cut-off version of the original JORC in the conceptual study RNS from July 26th 2021.
Fair points in that last post Iceberg.... but me having come across David Lenigas around UKO&G and indeed an O&G'er that bore his name - which eventually became columbus and indeed then BPC - I don't think CB is as bad as him by a good distance. That said CB has plenty of flaws, no doubt .... but Commodity explorers on AIM - metals or O&G - are the Wildest Wild West of AIM .. and AIM itself is plenty Wild West generally.. and if you go looking for a x hundred per cent returns then the potential downsides can, by definition, be huge too ..
Just had a listen to the podcast and couldn't believe my ears. Independent experts may have conducted the study and modelling but it is on XTR to word and release the information which seems very misleading if Steve's calculations are correct. There was a lot of complicated stuff in the background but the JORC comparison is maths for 10 year olds and is in the RNSs. Like a lot of the comments on this BB there's a lot of projection, getting up in arms, "how dare he" sort of comments which just seem juvenile and defensive. To read from Steve that they're going to escalate this when I've heard Colin say 1.1 Mt Cu about 10 times in 2 podcasts is just laughable. The previous podcast bears a listen if you want to hear how impartial Colin is "just waiting for the experts". Just barmy behaviour.