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As the AGM is on Tuesday, I would expect the Q2 results to be released before, either tomorrow or Tuesday 7am.
Q2 results (and Q3s) are usually good (sometimes very good) in comparison, so they should put SH in a good mood prior to the AGM?
Andreww, that's one hell of a coincidence that they will be released just before the agm.
I thought news had to be released when it's available, not when it suits Colin to pacify some shareholders.
"I thought news had to be released when it's available, not when it suits Colin"
You're right Lucky. What was I thinking suggesting CB would release alluvial news at certain times to suit him :)
Over the last 4 years, I'm sure the previous release of alluvial results, varying from 2 weeks after the period ended up to 3 months after period, was all outside of CB's control and released as soon as available :)
Maybe he's going to release them tomorrow morning stop make shareholders happy and possibly save his pal from the exit door?
I am sure if the model or q2 results were good then it would have been released by now,
Or is it that they are just not ready yet as some would have you believe!!.
The huge difference between results released quickly due to good gold levels and results released slowly is becoming pretty obvious and tedious. We need to have some standardised reporting mechanism. There cannot be such disparity - as Andrew points out the gap has reached maybe 8-10 weeks between good and bad news. It just makes us look manipulative and like amateurs.
Meanwhile the inevitable slide from 4.5p last week to back under 4p continue in earnest. Essentially due to profit taking but they are profit taking due to no other foreseeable short or mid term sale/transaction. We were told this was not going to be a death of a thousand lashes but it's now looking that way with a phase 3.
Priorities for Colin tomorrow.
1. Can we come across like a more serious professional outfit with release dates set in stone.
2. Can we actually advertise that we are a profit making, gold producer in a time of high inflation. PR is woeful currently which affects sp and our bargaining power in conversations.
3. A clear vision about timelines. What is the actual plan and how long. We've know since the June 2020 PowerPoint that there were anomalies (it's still a document I refer back to and two years after creation it's still the version on the website -no interest in updating it?!) - Footrot, southern intrustions, daisybank etc. So if we knew there was incredible potential for more porphyries, why give us hope of a quick turnaround / quick update to models.
4. What is happening to Eureka. Dirt was being trucked months ago. Is this going to bring any money in?
5. Will we drill for IOCG @Eureka?
I will be attending tomorrow - my first AGM so mainly in spectator/observation mode. I'm hoping some more seasoned investors will be able to get answers from Colin on the above and more.
Judging by the SP, the market isn't expecting any life changing news tomorrow.
I think CB will announce the phase three drilling campaign in Footrot and effectively push the decision to mine/AA offer down the road into next year.
I have mixed feelings about it for sure.
It does feel like he's lost interest in XTR again. Time will tell.
AA will laugh us out the room with the decision to mine. Whats our Mcap? And What's the capex?
Unfortunately I cannot get to the AGM tomorrow which I am very unhappy about.
I think it's unlikely anyone at the AGM will grill Colin. Please, can someone going try and at least get some questions answered!!
I won't be their, in the past Colin has been very fortcoming with answers, please give him my regards, still heavily invested in the project
I wonder about Charles though, noticible by his absence from chat boards for months now, I hope all is ok with him, if he is there, please also give him my regards.
My regards to all other attendees, I really would have liked to be there, hopefully I can catch up on any news tomorrow
Lucky,
I can see your point. However, IF there was another party interested then I would expect them to be planning to mine the deposit. Another party may not want to show their hand while AA have first right of refusal but a decision to mine must somehow allow for the fact that it may be by another party?
Already voted as i wont be able to attend. Due to not needing to raise any more. Is skill set isnt required. Therefore no need for him to be draining cash from the business so I voted out.
Lucky. After your Friday evening post, I had another listen to the following podcast over the weekend.
https://audioboom.com/posts/8030424-sunday-roast-copper-gold-special-with-shaun-day-colin-bird-martyn-churchouse-and-professor-ri
It is long but listening again was interesting. Ignoring the timelines which we have discussed many times, Colin feels the copper price won't go below $7500 and the copper market will pick up in 2024 (was already high at the time of this podcast in Feb 2022). Given the recent drop in copper prices during the summer I do wonder whether they are playing for time.
I also noted later on in the video that Colin isn't that fussed by gold. That might explain what appears to me as a lack of interest in Manica. Personally I feel that is a mistake in the current market but his decision.