The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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That reads very suspiciously like OldManCopper wrote that.
MMmm..
Come clean Zappo.
You've been Colin all along haven't you, you little tinker..
definately not! there’ll be no turd polishing from me.
what on earth is a ‘polished’ turd anyway mralien. can’t get my head around that. i’m sure you meant, to polish a turd. but that doesn’t make sense either, as that phrase implies the project is valueless so any improvements are irrelevant and a waste of time, so it doesn’t really fit.
you could have however, used the phrase, **** on a pig. that phrase certainly implies that its features are historic accidents, not crafted by a person, and entirely worthless as they stand. but again doesn’t fit.
in contrast, there must be a more suitable phrase that refers specifically to the results from work which will be done, and designed by a (connotatively implied to be overenthusiastic) intelligence, and, while the improvements will likely add value, this value is not recognized by some of the current shareholders.
That post, Mr Alien, has me wondering if Mr Zap's skills extend as far as polishing too?
(from his quality posting here I'm leaning towards a yes on that)
It could be a carrot or a stick, but will end up being a polished t*rd
Re post 1101hrs NTN many a true word said in jest!
PMSL
Security services offered by you to Mr Bird yesterday... and architecture/construction offered today, Mr Zap.. your shills know no end, clearly!
And double jobbing too.. towards extended Copper Cigars even!!
Mr Bird will like that about you .. he pays himself approx. five salaries, after all.....No idea where he gets his money from indeed :-)
Oh to be in the inner circle NtM, I could offer my services to get on the payroll to build colin a ménage and new stable block when he decides to buy another racehorse.
Honestly don’t know where he gets all his money from!
A parsnip more than a carrot perhaps, Mr Zap.
Or a little oddly sharped sweet potato even.
Speaking of, has Mr Bird offered you a sweet potato towards more such good posting here yet?
I've heard it said that the best chance of finding a cigar of copper via xtr.l is to be on the payroll :-)
The third small scale mining prospect that Colin mentioned along with Chongwe and Kukuyu is the Silver king prospect, which has seen some historical mining there in the past. Records show there is silver as well as copper, but was abandoned as were many of the local mines nearby, Sable Antelooe (13km east) Crystal Jacket (8km east) but also with an operating mine called Lou-Lou (14km south) unless info is outdated. That could mean there is processing nearby.
Sable Antelope dates back to 1897 which was around the start of the industrial era for copper in Zambia. With the mining rush happening between 1906-1923 likely when silver king was worked, it was the discovery of the Zambian copper belt to the north that led to abandonment with little activity in the region until the 90’s when BHP Billiton acquired new survey data which led to a series of new Cu-Au anomalies
-Located in Central province of Zambia, 14.5772°S 26.8013°E the Silver King Prospect is characterized by a distinctive pipe-like ore body. This ore body stretches approximately 91 meters (298 feet) in length and spans a width of 17 meters (55 feet).
Much like a big carrot 🥕
Regional geology-
https://www.sciencedirect.com/science/article/abs/pii/S1464343X1930158X
Not confirmed but seems the likely candidate they are looking at.
Good come back Mr Zap.. fair play !
I heard CB is looking for a personal protection operative for when he needs to walk along Kensington high street.
Perhaps you could put a word in for me NtM next time you get the chance to accost him 🙏😂
Maybe Mr Bird soon invite Mr Zap to come on payroll too... alongside Mr OSV :-)
On the plus side regarding cash paid out, at least the company have no need to pay for services such as consultancy fees with its shares. Had a few RNS pop up in my watchlist from various other companies having done so.
The only people who will ever get actual money from this company is the BOD and employees such as OSV.
That's what it exists for, you as a shareholder are only involved to facilitate this.
If the SP rises you will benefit that way if you sell, don't expect such a thing as a dividend !
I honestly think a dividend is appropriate here after all the pain the locked in long term holders have had to suffer. The cash will be wasted otherwise on punts.
Oct23 or Oct22? I remember the roast crew and Colin kicking some serious numbers around on Manica 3-4p per share on its own if my memory serves me???
Anyway, back in now as copper feels like it’s turning, there’s a serious chunk of copper in BR, there’s a pile of cash in the coffers, so regardless of Zambia outcome, looks good to me (apart from trust levels)
I also think that the team have found something whilst exploring the licences since Sept23, and need to start locking in funds to explore quicker whilst it’s ‘hot’ - no way CB would have been able to raise without serious dilution and it would have been stupid to highlight before sale or he’d have lost negotiating position.
Bring on the rollercoaster!
I however, was more drawn to “awful acquisitions that will diminish any value” Won’t argue the point but just consider all operating mines started out as a ‘hopefull’ acquisition at some point. Can’t just give up because of a few duffers.
On that reasoning, perhaps should have taken a wide berth from Manica after the Chepica disaster.
Aitik mine in Sweden started out as a small scale mine with only a 50mt reserve of ore. It grew over many years of additional exploration to increase its reserves and scale to what it is today. Someone took a punt early on.
All I got in response to that smorrisjones, is.. hope springs eternal...
...and Zambia is 'hot property' now, which helps ..... and hopefully Mr Bird has learned from the more than fair share - imho - of mistakes made over the years I've been playing in xtr.l
(and from share prices in other Co's in his AIM stable, I can only guess he's had rafts of 'learning opportunities' in those companies over the years too.. and I'll include the contracts he signs for the projects he punts on too btw .. eg Copperlemon JV contract(s) are not sieve like, hopefully ... Generally, the cumulative extent of the 'learning opportunities' Mr Bird has had across all his AIM companies over however long since his big win back in the day must be reaching epic proportions.. here's to the laws of averages helping xtr.l shareholders get lucky this time round, very please)
So another chapter ends. Just hope no one bought on the Roast podcast last October. Colin was full of praise for Manica and how much it was worth to XTR.
We have a Mcap of 9m ATM. we should be worth that nearly in cash, the SP should be 2p at least.
I haven't added up what Manica cost us in purchase, dilution, Capex etc over 6 years.
More that £15m ?
Was it a success in the end then ?
Was it worth it or just something to pass the time ?
Anyway onwards and upwards Colin, get that PR machine running in Zambia, we need the money.
Dont you worry. Colin will spend it all on awful aquisitions and all "value" will be diminished.
Disposal done and dusted, can only ask yourself if you genuinely believed that a share price uplift of any significance would have materialised from sticking with phase 2 of the mine development? On its own merit, it would appear to have ‘not’ done so far, therefore probably wouldn’t have improved share value much more considering the investment required toward the next phase and likely dilution.
Any value returned would have only come from the limited funds remaining, and after company operating costs are deducted toward other project developments.
Now, at least there is not that burden with all the associated risks involved, so the company can now step up its exploration activities with greater confidence of fulfilling its objectives and with a far better chance of returning some well deserved value back to us shareholders.