Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I actually felt kwads ranting in this months episode was not a vociferous as usual, that normally smack of being a lot more insulting toward Colin and quite frankly slanderous at times. Didn’t mention though this time, using his various companies as vehicles to fund his extravagant lifestyle abroad and his passion for racehorses. But I think the racehorse he probably bought with kwads money turned out to be an old pit pony. Shame….looked really promising at first! Oh well, just put it out to graze with all the others and get another one, at some point one of them is likely to romp home.
Does that in some way sound familiar ;-)
From memory I think Kwaks got spiked at BZT at around .37. He also may have invested here in XTR as well but I think he got in early so may possibly have made a profit. He has subsequently set himself up as a Stop Colin protestor and plasters his dubious research over all of CB's BBs ... but he reserves his most venomous for BZT. He and a few others see CB as the devil incarnate and innocent investors need to be protected from falling foul of Colin's Svengali powers.
"Kwaks how much did you have to lose to be so persistently bitter and negative"
Here's your answer......
kwadoku
Posted in: ECR
No Opinion
Is this another pump and dump? 04 Oct 2021 10:33
Taken a hammering on BZT ........and a few other miners who seem more interested in a lifestyle company as opposed to a a money-making company. Doesnt help that Craig Brown has the same initials as Colin Bird.
I wonder how Kwad's book is going. The one titled "how colin bird ruined my life and if wasnt for him I'd have been a success" !
As Elsa would say... "Let it go, let it go " :)
Calm down. It's a red day all over, not just this share.
Kwaks how much did you have to lose to be so persistently bitter and negative. Put it behind you and move on. For everyone's sake.
And down we go
I forgotten, we thought, at one point, he was invested......
Andrew, whilst I broadly agree with your statement, the SP is up circa 60% in the last month.
Hands in the air, as a long term holder of a large number of shares - even I traded that move.
Buys at 1.30-1.50 to sell at 2.00-2.20, cheers then.
If anyone is selling at this price then I think that's a mistake due to FB income yet to be declared.
If you write off all of Bushranger, which the sp has done so already imho, I can't see how this is not going higher after FB income officially declared.
I think the sells are from those that don't want to wait another 3 to 6 months for FB income to be confirmed in RNS and think they can make money quicker in another punt.
If their short term timescales are 3 months or less then they are probably right to sell.
Would have to be a declaration if any member of the BoD sells shares Jezz - Which is why I was a little sus when JR stepped down...
I've always been suspicious it's the team down in Auz, especially since Jeremy Read stepped down. There was an increase in selling following that.
Could also be that we are paying for services in shares?!
It couldn't be Colin could it ?
What's the AIM rules on reporting director sells, TR1 ?
It certainly looks like people are taking your advice rightly or wrongly...
Monday morning big sells, as per. - Question is, who's bailing at this price...been going on for months! (Assuming it's the same trader)
oh dear .
Also dont forget....the summer is coming soon. This is the time when we usually hear little or nothing from CB has he takes a 'well deserved' vacation from all his hard 'work'. The SP will drift down as always. Its the same every year. So whatever happens will need to happen in next 1-2 months.
Colin Bird’s AIM record (as of April 23):
Time he became CEO of BZT- SP 0.5….now 0.05
Time he became CEO of XTR- SP 10...now 2.4
Time he became CEO of Galileo 7.38...now 1.23
MONEY Paid to CB each year from his AIM 'companies'?....
While every other holding I have- has one CEO one company. CB has his network of 'companies'.
I think its only reasonable to extrapolate experiences in one to another.
Just issued a big placing in BZT after the SP had collapsed.
SP been decimated. And the RNS was comical the way it was worded to make it not quite seem like a placing. CB and the Finance Director put in a measly £40k out of the £750k raised. Thats less than the salary that BZT pays CB for his...'work'.
When a company doesnt move forward with its plans- or moves forwards slowly- you are burning through cash and value is not being added. Eventually you need to issue a SP destroying placing. Which is why CB companies have so many shares relative to its SP. I see the same happening to XTR.
Does anyone know how much money CB takes for him AIM companies every year?
Must be a good 300-400k?
Colin Bird’s AIM record (as of April 23):
Time he became CEO of BZT- SP 0.5….now 0.05
Time he became CEO of XTR- SP 10...now 2.4
Time he became CEO of Galileo 7.38...now 1.23
He is rather brave to be on twitter with his record:
Colin Bird’s AIM record (as of April 23):
Time he became CEO of BZT- SP 0.5….now 0.05
Time he became CEO of XTR- SP 10...now 2.4
Time he became CEO of Galileo 7.38...now 1.23
What I dont get, one of his 'companies' BZT- has a twitter which hasnt been updated in years and has out of date info. Someone raised the issue with him before and nothing was done. Why not just delete it?
It shows the level of [un]professionalism of CB companies.
Hi Dani don’t get me wrong I believe in this most recent JC article, his appraisal is prob the most accurate from previous given and mistake free. His, was not a comparison per-sae but more to give hope that M&A’s are starting to happen and with Bens reply that sums up and supports that perfectly.
‘I’, was comparing to add kudos to why a major would see BR as potentially a more desirable proposition.
“Hello possums”
RIP Barry Humphries (Dame Edna)
Once Australias most famous export!
Legend
Hi Ben good points you make.
One other thing that was apparent in Eva project feasibility study is that there are necessary agreement terms set out for conduct and compensation secured with the Kalkadoon people, native title and pastoral leaseholders. With other agreements for permissive access and also has numerous royalties applying to the project too.
Most of these can be quite normal but worth pointing out from Andmillsy previous research that there are no indigenous land rights issues over the BR tenement areas that can sometimes halt viable projects. These issues can sometimes have a profound effect on eventual project desirability as can be s big stumbling block. Another big tick for BR.
Interesting post howezap.
I think it also shows a few things:
1) There is an interest in moving into the copper sphere to get a piece of the action. Harmony are predominantly a gold producer. We heard that Barrick are also looking at copper. Things are definitely hotting up with big boys wanting in.
2) We are in a solid jurisdiction and miners will see that as an advantage. Barrick did mention Africa, but that's presumably because they are very active there already.
3) This is one less resource on the market. Eva is gone. The pool of mineable resources will shrink over the next few years as demand picks up.
4) Related to point 3, as demand picks up, the copper supply is shrinking. We are currently at the lowest LME warehouse inventory for a long long time. We could be in for a perfect storm whereby demand for takeovers picks up at the moment the supply side is severely constrained.
5) Eva and BR are completely different resources as you say. IOCGs require a huge amount of drilling to define the mineralisation. This is, I believe, why Eureka IOCG has not been drilled out (along with distance to port, water and power supply). So we can't compare our metres of drilling with theirs.
Having said the above, I do wish AA would just save us all a year or two and give us £100m for the 4 BR licences once we publish the next study. Would save us all a load of hassle and give them the chance to direct how they proceed with mine planning/infill drilling. BR will almost certainly be a mine. The world needs the copper and BR, in the copper-rich Lachlan Fold, evidently has an abundance of it! GLA and happy weekend.
Interesting choice of a comparison that John cornford has made that this board have gone over before previously, in Harmony acquisition of the Eva copper project in Queensland.
Eva is made up from 7 separate small deposits in the current mine plan. Most deposits are IOCG with mineralisation being veined networks or breccias. Others are copper only stratabound type.
Total drilling in the 7 deposits over the last 35 years, totalled 1470 holes mostly RC for over 200k metres that fully defines the mineral reserves there with no apparent potential of increase from further resource extensions. Although it does have exploration potential from its 4000sqkm land package. Project economics offer an after tax NPV of $437m and 29% IRR
Again BR is a different proposition, yes it will require more work but if after optimisation that pre-concentration can offer and further targeted drilling to improve on what will hopefully be already decent economics and increasing the resource. This initial mine plan once showing all Capital outlay is paid back and can be profitable, will open up the projects large bulk lower grade tonnages to further exploit with only ongoing mining costs and extending LOM that can make porphyry deposits very desirable for a major to take on.
I don’t see it as a good or even fair comparison, with BR’s further economic potential yet to be realised, different deposit type and economics of scale that it brings, also with being at completely different stages in their evolution.
Eva is at full, early development stage whereas BR could be actively marketed as a starter project with that multi porphyry potential at the very least once the target of that AA option and it’s outcome is reached.
>Simply I don’t want to mislead.
Fair one iceberg, however I think you are doing yourself a disservice if think you have any kind of moral obligation here to steer clear of giving a subjective view in case it may be wrong or misjudged.
How, very quickly. Simply I don’t want to mislead. There is so much we don’t know and what we do know is through the prism of what Colin has said. It isn’t even clear what we are waiting for.
I do think it will be economical. I don’t know what Colin’s plans are though or even worse what we he will do.