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Yes..... Q2 and Q3 haven't been fully milked yet.....
ive only just uncrossed my fingers hoping for a Q1 explosion.......
Is it too early to start talking about Q4 ?
Latest Empress statement (Insta) - with 'Manica getting fully ramped up' - Possibly Bird not Bull****ting us for once in his life....
OK Howezap. But who is at the helm matters. Let us beg to differ, but I`ll perhaps remember to come back in 12 months to see what has happened. Rgds. Bob
52 week range 7.02p - 1.35p
We only need a five bagger to get back last April's SP
Time to stop swanning around Africa in matching jackets looking for more rainbows CB, get your backside over to Oz and give whoever needs it a bloody good shake.
And lets have an rns regarding financials, gold in hand and production at FB
If you don't pull this off you're finished IMHO
Hi Vulcan, you do share a very similar rhetoric to kwak, that’s all I can say, but your and their opinions are just as valid of course.
The success of this investment has got little to do with the current declining share price or so called promises made, and everything to do with now being potentially a sustainable mining company.
‘Potentially,’ being that production rate from fairbride still to be confirmed, but you don’t need to be concerned with what CB has said, the feasibility study outlines mining rate and is what the new plant is based on.
As for BR, the investment opportunity is based on the degree of probability that the project will be sold and developed by a major, of which that position is closer now than it was when the share price was at 7p. Porphyry deposits are huge and require time and money to prove up to level of viability. That, we have all learned and have to accept or exit when appropriate.
The market doesn’t know best, the market for most AIM listed companies are private investors of which most are fickle and/or too impatient.
Howzap: Bigtime wrong! But, what is it that I have said that is wrong? Has Bird set the AIM investment market alight and made significant profits for ANYONE but ANYONE over the last 4-5 years in ANY of his companies? Its always going to happen tomorrow isn`t it?
Could I suggest that you look back at this Board, say a year or two ago, and see if any of the hype, the dreamland, or the various RNSs have come to fruition?
Just kwak patting himself on the back from his other guise, acting as if he is the third person.
Well said Kwadoku! I thought that I was the only one around who finds Bird `s modus operandi unfathomable and his success rate, to date, mostly hopeless and the SPs mostly driven by hype and hope. That said, I did benefit very nicely from Bird`s one and only success (Concordia with GLR). However, that was some years ago, and I now reckon that that was no more than a fluke and mostly driven upwards by the hype. Very fast, multi-bag rise (when, luckily, I jumped ship), followed by a rapid collapse back into the doldrums.
I must confess my surprise at Bird`s recent, albeit very modest additional investment in XTR. After just a few weeks, though, the SP is now down by over 20%. Bad luck Bird, or was it just bad judgement!?
Still, most of Bird`s admirers, both here and on GLR, have the implicit belief that massive success remains just around the corner. But, the pragmatic might reccognize that the perceived `corner` is actually a circle. Round and round, the weeks and months go by, but, seemingly, the `corner` is still there !
However, "How does knowledge of the past, help us plan for the future"? Well, Bird`s past ain`t been too good has it?! But, why not ignore that and use one`s imagination, hopes and dreams to `plan` for those halcyon days which are bound to come - er, aren`t they???.
I search the skies every day, but still don`t see those pink pigs flying past!
Butler
I've given my timescales on many aspects before and have been hopelessly wrong every time - always too optimistic even though many, at the time, thought my timescales were pessimistic !
It would not surprise me if it takes until end Q3 / early Q4 before we are up to FULL commercial capacity at FB. Hopefully we will get an update in June / July at the bi-annual report showing good income?
I have given up guessing the timescales for the other events.
I agree with you that a buy-out is now unlikely before H1 2024.
I'm still here and hopeful of a good return on my investment because 1.3mt + a very high POC will see a buy-out at a substantial increase of current SP and probably nearer to 10p than 5p.
But when that will be is now the question and I cant see it being any time soon :)
>> I very much doubt that. <<
Yes you could very well be right Andrew is I know one of them in particular are never going to admit they were wrong!
Have taken portions from a 2019 research paper and edited to translate into a more understandable and relevant piece to give more insight into sortability modelling.
>>>BOS relies on online sensor analysis of bulk materials in a plant ore stream, where successive ‘pods’ of ore are separated as upgraded product for further processing and low-grade materials for rejection. The advantages of BOS include improving resource utilisation, reducing environmental footprint, increasing feed grade, reducing energy and transport costs, and minimising tailing production.
Despite the apparent benefits, the acceptance of BOS in the mining industry has been slow. One barrier is the lack of knowledge of the feasibility of BOS implementation for certain mines, termed ‘sortability’. Sortability is a comprehensive concept. Technically, ore sortability relies on the intrinsic ore properties which determine the potential of an ore to be sorted. Several other factors influence sortability, including the metal market price, operating cost, and the metal recovery. The metal recovery and the operating cost are relevant to the sorting performance and influence the metal mass balance. The sorting performance is a function of the ore heterogeneity and sorter efficiency, while the mass balance of the sorter operation is significantly influenced by the cut-off grade of the sorter separation.
Sortability is difficult to assess because of the complicated influence of various factors. A case-by-case approach has usually been adopted in current research where assumptions were usually made concerning ore properties and the COG was determined arbitrarily. In this research, the fractal structure of metal distribution within the ore deposits was recognised, and a BOS model was developed to assess the BOS where ore properties were characterised in relation to sortability, the optimum COG for sorter operation was determined, and the economics potential of BOS was evaluated.
Based on the developed model, the bulk ore sortability of different ore properties was assessed with a hypothetical underground copper mine. The developed model is expected to advance the understanding of BOS and provides a mathematical tool of sortability assessment for future BOS studies.<<<
Any thoughts on likely timescales, Andrew? My own view is :
Revised BR model, with concentrator improvements- May/June.
FB revenue - commercial declaration- April/ May
Further drilling on BR to allow PFS - July-Oct.
So, unlikely, in my view for a BR sale before H1 2024. Which may just coincide with the anticipated Cu price rise, which wouldn’t be a bad thing.
"Budding mining analysts will have to do another spreadsheet, Bitcoinbuyer will finally shut up about fuel costs, FatherTedFeck might finally see the light "
I very much doubt that.
The motivation of those persistent pessimists is not to make a genuine and honest assessment of this company, but to spread fear and worry and enjoy watching others misfortune (when sp is falling).
I don't have the required psychological analytical skills to explain or understand why they would want to do that but I do know its not for altruistic reasons.
Maybe when you're life has not tuned out how you would have wanted and you've had many failures, your only "success" is watching others not succeed?
I notice you use budding mining analystS Howzap.. is that because Steve Austin is now close to costing this s/p 12m dollars instead of the earlier quoted 6m ?
Walking along, singing a song.. there are only two Steve Austin's
The more I look into modern bulk ore sorting the more confident I am that BR will be amenable to it. You would think that every company with a resource that is at conceptual stage would be looking to utilise the technology.
The advantages in improving the economics by rejecting barren rock and the very low grade ore with no economic significance at pre-concentration and further processing are significant. Not to mention the ability to reduce energy, water, and chemical requirements with reducing the amount of ore to be processed.
But despite the huge benefits, BOS is not actually applied as widely as you would think. One reason for this is the difficulty to assess the sortability of an ore and to evaluate the amenability of a modern BOS system as it is still a relatively new tech and every deposit is different.
As Optimal have recommended the technology they would have done so on the assessment of the ore properties in relation to their known sortability from a BOS model. They would simply not have recommended it, if they did not believe that BOS could be developed.
Will definitely be a game changer for economic viability and a bit of a curve ball that most did not expect, and to put all the negativity toward BR’s ‘typical porphyry’ low grades to bed.
Budding mining analysts will have to do another spreadsheet, Bitcoinbuyer will finally shut up about fuel costs, FatherTedFeck might finally see the light and all this pessimism will hopefully give shareholders old and new some optimism.
Some photos taken today from
@ResourcesXtract’s Kakuyu project, one of our small-scale operations gearing up for the anticipated rise in the copper price #XTR #copper #Mining
https://twitter.com/ColinBirdMining
Empress have a debt facility in place confirmed by Alexandra W Sherron of up to 50 million with 5million earmarked for any further development work at their 3 producing streams which includes Manica.
Ties in nicely with CB’s suggestion that a decision will need to be made in the next couple or three months to go ahead with plant extension to accept sulphides.
From metals investor forum a couple of weeks ago with Brien Lundin on you tube
Goldman quote supercycle....
“On copper, the forward outlook is extraordinarily postive. We’ll be at the lowest observable inventories that have ever been recorded at 125,000 tonnes. We have peak supply occuring in 2024…Near term we put (the copper price) at $10,500 and longer term our price target is $15,000 a tonne.”
Empress were presenting at 10:30 today at the Swiss Mining Institute.
21-Mar-23 12:24:10 1.43 642,167 Buy* 1.40 1.45 9,183
Unless it's A4444 - Who has boundless positivity here...
Merlin2014,
I too was in BMR, now Kendrick, and yes the royalty was supposed to provide some income but the obfuscation was such that personally I never believed it would come to anything. Borelli gave the company to JLP, complete nonsense.
The thing about the Mid-Week Roast (also sunday and any other) is that it is a PR operation, the clue is in the name "Roast PR Ltd".
Until I see or hear it in an RNS, frankly what ever is said has to be taken with the classic "pinch of salt".
I do wonder how much "Roast PR Ltd" is paid by CB companies to broadcast this stuff.
Totally agree!! These companies are just his play thing and personally I have never benefited with being invested in his companies. I was invested BMR which was taken over by Jubille Metals and existing shareholders didn't get any royalty payments as promised.
A lot more are distrustful of what Colin Bird says now, than ever before. I guess he always knew there is only so long he could continue doing what he does without people getting wind of it.
If anyone believes they have been misled in any of his interviews or RNS about XTR, please write an email to the regulator. The more who contact them, the more they are forced to act. It wont look good on their side if something happens further down the line and there is a long history of people flagging up Colin Bird.
Here is the email:
aimregulation@lseg.com
I can't figure out if it's the manic or the depressive side that's the compulsive copy n paster...