Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Under the video, they describe Colin Birds 'vast portfolio of companies'
No question he has vast portfolio. 5 AIM companies. All my other AIM investments- one CEO one company.
1) It is NOT normal to have 5 AIM companies
2) business is never A to B, but Colin Birds companies always seem to run into blind ends like deals breaking down.
you can conclude a) poor due diligence b) just very unlucky c) or he knows where they are going to end from Day 1 but was good to keep investors on the hook while he continues to get paid and travel on nice business trips to Africa
3) I think he is running out of angles to keep the market interested, noone believes anything he says anymore- and he the threshold that the market needs to be moved by any of his ramps- is higher now than ever. He is like the boy who called wolf. There is only so many baseless ramps you can make before investor fatigue sets in
4) Could his clutch of 'businesses' (im not sure i would call them 'businesses') all collapse soon?
Colin Bird’s AIM record (as of Mar 23):
Time he became CEO of BZT- SP 0.5….now 0.06
Time he became CEO of XTR- SP 10...now 1.4
Time he became CEO of Galileo 7.38...now 1.1
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
Stock Prices watered down by placings after placings and projects that go round in circles- meanwhile Colin Bird lives in the tax free luxury in UAE and indulges in expensive race horses.
Colin BIrd must be careful about not creating a 'false market' by making baseless claims about a possible buyout. Noone is going to buy this.
I dont think it was Colin Bird who was taken for a ride
In the BZT side fo Kalengwa- out of the blue, he came out with some incredible handheld assays- I was immediately suspicious- of course months after, the lab results were awful- nowhere near as good as the handheld assays they claimed to have.
There was a deal with a company called Caerus in Cyprus, that also fell through somewhat acrimoniously- always Colin Bird companies that run into blind ends. Meanwhile the gravy train which funds his directors lifestyle continues to chug along.
Believe me- HE is not the one being taken for a ride.
Okay, so business is never a straight line from A to B, but Colin Birds stable of AIM'businesses' (some would call them 'cash cows') run into more blind ends and 'unexpected' problems than the average.
And yes, 1 year flies by, you will say the same thing next year, and the year after. You see, while things drag on- Colin Bird continues to get paid his salary, his expenses, his nice trips to Africa for 'work', his racehorses and his expat taxfree lifestyle in UAE.
-----------------
Colin Bird’s AIM record (as of Mar 23):
Time he became CEO of BZT- SP 0.5….now 0.06
Time he became CEO of XTR- SP 10...now 1.4
Time he became CEO of Galileo 7.38...now 1.1
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
Stock Prices watered down by placings after placings and projects that go round in circles- meanwhile Colin Bird lives in the tax free luxury in UAE and indulges in expensive race horses.
It's very understandable that many remain very cautious about that podcast and indeed generally here.
That said, I found the podcast pretty towards very uplifting generally, and meaningfully re assuring re Fairbride 'ard..
While he definitely said 'towards' a rate of production that he'd expect.. that's ok by me.. as this s/p is extremely low now, to the extent people are thinking Fairbride 'Ard new plant still has lots of teething problems.... and I'm now thinking it might have a few still but definitely not lots.. (and the weather there is coming into the - long - in our favour phase too)
Again, the Market Cap versus the state of play of the - quality - assets here is extremely low now, imho.. and I'm going to guess we'll get a Fairbride production update in April now.... and that it will be, at least, decently received by the market too .. and, off that back, a good level of comfort that a raise for Bushranger further drilling would be very unlikley to happen here in 2023 should occur ... and all this allow us see a decent s/p rally here..
IMHO & DYOR
His last message " maybe we should start looking at the stars and not the floor. That's the way money is made".
A very true statement, lets hope it's a very true fact.
He certainly says towards, with CBs history of "word choice" who can blame anyone for nitpicking.
In my opinion until something is put in an RNS you have to consider it bull s$$t as whats said in podcasts/or interupted from CBs words don't seem to match up with what happens.
We are almost in Q2 and its 2023. Colin still wont tell us what revenue we are getting from FB. I will consider it a positive when we are told in an RNS that we are receiving the revenue that we were led to believe.
Little Wing. I'm as fed up with CB as anyone but I think you're nitpicking. Even towards is positive if CB is right.
Listen again at 9:59 mins. Clearly can hear "towards".
Re FB...
"producing gold towards the rate we expected"
That word towards tells me we are not getting what we hoped for.
RE BR...
"I'm sure we will see copper at 10,000"
Looks like we need it at 10000.
I got the impression he deals a lot in Africa simply because he likes it there.
Great business model...............
Pete
I don't think its just the failure of the 2mt that is blighting the mood or making some cynical, its all the many other failed time lines and outputs over the years.
All implied / stated in CB interviews but didnt happen. ie:
This wont be a death by a thousand lashes, if they offer me 10p I'll tell em to keep it, we dont need to worry about the grades etc etc etc
Many like me, will now only believe the actual results in an RNS - not words in an interview.
To be fair to CB, things are improving. He's just done an interview and the sp has NOT fallen just after it :)
Thanks Andrew for posting the Sunday Roast link.
After all my years of investing on AIM I thought I was the ultimate cynic !. The podcast does sound persuasive across the board of companies. That promise of RC 2m/t of cu seems to be blighting everyones mood unfortunately. And in a lousy market even producing gold not reflected despite the rising gold price !.
You would think that the "experts" would have included this from the start?
Either that or a delay tactics.
Who knows, all smoke and mirrors!
I would hope its not as bad as that.
It may mean the model parameters are changed rather than starting all over again at point 1.
Well that's what I think and hope it means
20:18
"We've paused because the inclusion of ore sorting will rEquire a complete re-look at every single aspect"
So back to square one, AGAIN !
Roast interview
Assuming anyone believes what he says....
"All issues sorted at FB and producing gold at a rate we expected"
So does that mean we are now producing in the 80kg to 100kg a month as previously stated??
https://audioboom.com/posts/8266492-midweek-takeaway-with-colin-bird-executive-chairman-of-glr-xtr-afp-bzt-and-ken
FB at 9mins 35 sec in
Bushranger 18mins in
All sounds great...if its true :)
Now above $2K and flying.
Must be good news for FB income.. whenever that gets announced
Just going back to the website upgrade, I believe the omission of the updated RC resource and ascot MRE from there is just down to not having the updated conceptual, with financial study in place to give firm economic support to the apparent reduction in average grade with the increase in resource since the original 71mt. Which imo would not show the updated resource in its best light.
The only reason the JORC were updated was to present the data for conceptual study to see where it can be further optimised. So BR ‘may’ get an update on the website after the full conceptual study comes back, but it could be, that they may even wait until after ‘all’ further work is completed with a PFS in place when truer realistic and less speculative values can be shown.
Would you update something that is not going to show it at its optimum and will change and improve further anyway?
Caerus were planning on focusssing on southern Africa before MC was given the boot as CEO. My biggest concern is what the incoming Caerus chairman implied about him.
At least there does seem an effort to improve presentation across the stable of companies with website improvements. Just hope with all this geological expertise within the companies success will follow.
MC was also at one time CEO of Caerus who had a joint venture with Bezant, which came to nothing. Check Caerus and Bezant RNSs.
I do not question MC's background as a geologist.
My point is that he is MD, an executive director role, in another CB company, Kendrick Resources, which is Nordic based, whilst working in Africa with other CB companies.
Wonder if he was involved in Eureka?
He is a consultant geologist! He wouldn’t be a very successful one if he wasn’t open to being ‘thinly spread’