Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I do not have an agenda I am merely pointing out why FB is not producing the amounts we all exspected and what I mentioned can not be ruled out and if mined quantities remain low it’s a definite possibility and to think this couldn’t happen with such high gold prices would be inconceivable
It’s quite a concern is it Cela?
I spot an obvious agenda considering you sold the last of your Xtract holding chasing the short lived rise in AFP.
Fact is, the whole junior sector including all CB companies have generally gone into ‘limp mode’ to ride out the downturn, the lack of comms albeit a steady trickle, is a distinct result.
Not sure what you expected.
My gut feeling tells me we are being had over by the contracted miner something just niggleing me here
If FB was producing what was exspected I’m sure an RNS would of been issued they could be takeing far more than their share of the spoils and non of us including Colin would ever know and very hard to prove this is we’re the real risk for me lies because at this scale we are talking thousands of ounces ,quite a concern
Well it looks like Colin was taken for a ride with the MozGold diamond miners, Kalengwa and Eureka so it wouldnt surprise me if things are not what we were led to believe. At the end of the day it is shareholders who have taken the hit though.
I know you have to have trust in people but how could you guarantee the figures are correct and not going in someone s pockets if the figures are constantly low compared to what we were told you couldn’t rule out Colin could be getting taken for a ride by the contracted miner who are getting their share and a lot more ?
Either we have intentionally been taken for a ride or Colin has been incompetent. The SP says everything.
Its always Jam tomorrow....
Colin want our jam today please....
Sub 1p if we get no jam....
Look at the market cap £12m
Now what else have we got income wise... I thin even if the Jam comes £300k per month the market cap is worth £6m... .75p because 4 months a year you will no income....
Andrew.. 2 yrs ago Colin was saying the Chinese contractors were struggling with a typhoon so delayed...
More chance of Boris Johnson winning strictly than Colin bring £500k a month from there.
Guys,
I have consistenty said that CB is spread too thinly .
Look at his companies (web sites) and particularly their structure; XTR - 21 , GLR - 17 , Ken - 2 AFP - 5, BZT - 5.
You can argue that the web sites are not up to date, then why not? Task that slipped off the radar maybe.
Multiple companies/operations/projects across the continents, I don't care how good you are, this is too many.
He can spin with Roast/Mid week all he likes but shareholders and the market see through this.
CB needs to start thinking seriously about getting some management into these companies, but not like MC, MD of Ken (Scandinavia) but also working in Africa, how does that work?
Bitcoin
I'm not expecting income to be declared this month ! It may be raining now but the rainy season ends by end of March - 2 weeks time.
From April it will be 8 months of moderate to zero rain.
I agree we wont be getting £500K a month income from FB, but we will be getting £300k to £400K FCF when at full production - probably by end Q2.
£300K a month FCF will be transformational for a small company like xtract.
Have you seen the weather in Mozambique Andrew. No income just Arm band sales....
And how long has CB been telling us about £500k a month income...
Under delivery here ... Talks a good tune but sorry no cigar... :)
ATB 1p inbound
I was thinking about adding last week.. glad I did not, and like you I am not adding anymore. Would say this all feels a little overdone, but CB street cred is pants so no more of my dollar
I could have be open to topping up now.. but until I have a clear picture on grow out of fairbride 'ard rock income I'm now not going to .. '6 monthly' reporting of that could be April, maybe .. but it could be July either, maybe.. such messing around could be equated to another CB 'stunt' .. and many, including me, are tired of such behaviour.
( Even though I get he is more generally playing for time here to get cash in the Bank to do more bushranger drilling, I still feel that he has too many co's/interests on the go concurrently... and he's very prone to loosing interest/focus in one when something fun/potentially transformational might be happening in another...that may not be done maliciously.. but it can readily have negative consequences: the share price is the benckmark and this one and sundry others of his speak for themselves. )
Is it true CB personally made £40m in the Kiwara sale back in 2009 ? (someone on ADVFN mentioned)
If so, £200k is hardly risking anything
btw
so far today 60/40 in favour of buys but down 6%.
For past 2 two weeks Its been moved down on very little selling.
African income has to worth circa 2p min at full production but all trust has now gone with CB so the market is saying...
"show us the money"
Until we get RNS declaring income market wont believe anything CB says imho
The African income has got to get a shot in the arm with the current gold price.
Just dosn't seem to feed through to the sp.
Although to be fair the Cu price is back below $4 /lb as I write.
Starting??
1.48p (FFS) it is starting to worry me.. 80% under water here :(
If he was me, and he was quoting on here, who is he?
"I wouldn't say I was in the top ten posters. But I was in the top one.”
“We discuss it for 20 minutes and then we decide I was right”
“I’m a little bit of an idealist, I do believe in fairies, and that is my outlook.”
Ok here’s the giveaway,
“The River Trent is lovely, I know because I have walked on it for 18 years”
Some great Cloughie quotes right there howezap :)
Unnerving decline to our share price.
Clearly needs to re establish by asset justification/ fruitition. CB needs to show clear direction.
He seems to have taken a back seat.
I agree. We are possibly now paying for the damage done by previously talking up the projects/deals that have failed to deliver.
Gold is significantly up. You would have thought at least this would give the sp some support...
''I gave my players a version of the same message at ten-to-three every Saturday: 'I would shoot my granny right now for three points this afternoon.' They knew how important it was to give everything in the cause of victory. Every time. That's why my granny enjoyed more lives than my cat.''
I hope Mr Colin Bird has the same religion on getting the Xtr share price back up to a decent level !!
Hi Dani just to be clear I am ‘not’ paid in any way for posting on this or any public bulletin boards.
NicetoMichu and I were sparring partners back in phase 1, I respect his views as a LTH and enjoy their unique writing style and ‘humour.’
Would call myself a mining enthusiast that simply has far too much time on their hands and normally too much to say.
Keep your posting up Dani all members contributions are valued.