The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yeah well all those podcasts and share 'shows' are all very sketchy
They make their money from traffic, so work hand in hand with CEOs- questions are very obviously rehe****d and they throw the CEOs softball after softball questions.
Colin Bird has mastered them, contacting them whenever he needs to pump up the SP of one of his many failing companies.
Noone is going to go on a channel/podcast where they ask you probing questions so its a win win scenario for the them and the CEO.
The Sunday Roast is the ultimate of CB snakeoilmanship
The illusion of the dangling carrot of CB- this is how is has been operating for years
As long as he can keep up the illusion- as long as he gets paid- which keeps up his luxury lifestyle in UAE
A4444
Similar thoughts on the other channel
"What's needed from Ascot to move the needle on the SP ?"
> 0.3mt and greater than 0.22 CuEq at 0.1 CuEq cut off ?
The optimist reads the statement from Ascot RNS " we are working on the maiden Mineral Resource for the Ascot Prospect, which we expect will
***significantly increase***
the overall mineral inventory on the Bushranger Project."
Is significant 20% or 30% of 1.1mt ? I would hope so but I've been disappointed before....
The volume and grade from Ascot will of course need to be factored into the overall economic model.
RNS for Ascot MRE of course can only be assessed on the mass and grade it presents
but even 0.2 if at good grade, similar to higher grade crown at RC, would extend the life of high grade processing and would likely be very beneficial to NPV. Next RNS will only be part of that overall picture.
It would appear (to me anyway) from the pod cast today that we will be getting more news soon re Bushranger. That was my interpretation from some of CBs comments.
Could it be re Ascot MRE?
Just three weeks ago in an RNS.....
"The Company anticipates that the Ascot Mineral Resource estimate will be completed before the end of 2022"
AND
"We are working on the maiden Mineral Resource for the Ascot Prospect, which we expect will significantly increase the overall mineral inventory on the Bushranger Project. "
Most likely date for this announcement will be in next four days before xmas break imho. Maybe tomorrow?
If so, next question is how to interpret "Significant" re significant increase. That must be at least 0.2mt increase - circa 20%. Lower than that is not significant, just an increase.
I would happily dismiss the above if it was stated in a CB interview, but as it was all in an RNS it would seem possible, probable even, that we will get Ascot MRE in next few days at min 0.2mt increase on current 1.1mt
Well, that's my decoding of it all :)
And I thought drunken rambles with no point were my forte. Art, it was hardly price sensitive news. I think anything other, than oz update, expecting to stir the market will be like p155ing in the wind at the moment with current sentiment.
22 hasn’t been that good for returns
At least there’s something else in the pipeline to look forward to.
Be it late or never in some cases.
Roll on 23 as 22 has been that good for returns
One of these days I fully expect these charlatans - by which I mean both the podcasters and the dodgy CEO's - to make a goof and bring what is obviously a pre-recorded podcast out before the relevant RNS is even released. That will finally catch them out of what is little more than dodgy insider trading.
Today the RNS was released at 3.53 pm and then, within a mere 37 minutes, the 'crafty' team from the Takeaway Podcasts managed to drop whatever they were doing and read and analyse the RNS. They then managed to locate Colin Bird - I have heard at various times that he lives in Portugal, or the UEA, though he sounds as if he just lives in the north-east of England - who just happened to be free and completely ready to immediately do a podcast. All very unlikely in the real world!!
This podcast was then recorded, edited and brought out as The Midweek Takeaway (luckily they had this slot ready and waiting) within, as I have said, 37 minutes of the RNS being released. Wow, what a performance.
Unfortunately, this sort of slick performance is not possible, with the more likely scenario being that Colin Bird contacted the Takeaway team several days ago and informed them that he was going to be bringing out an RNS. In order to get a podcast out on the same day, he was asked or maybe he volunteered to provide the Takeaway team with a pre-published copy of the RNS which allowed them time to read it and analyse it, swot up on Zambia and the contents and then record a podcast, all wrapped and ready to be brought out almost simultaneously with the news release.
Fortunately, the content was not very hot, except maybe for Mr Bird, and the share price was not going to and has not risen by any great amounts. Of course, if it was hot news and doing the podcasts in this dodgy manner, then the people who were privy to this advanced information and their mates would have had a day or two or three to buy lots of cheap shares in advance of the release, only to be ready to offload them for a tidy profit as soon as the news came out. There is no way that this podcast could have been prepared and released within 37 minutes so they must have seen the contents in advance. This is not fair and is clearly a case of 'insider trading'.
While it is very useful to have these podcasts, I do not feel that the presenters should have the opportunity to see them in advance and to 'insider trade' the shares.
BS baffles brains
indeed Cygnus.. and here's very much hoping it is .. but it may not be either.. so 2 or 3 million USD more for an Ascot focused further drilling exercise would indeed be fine by me... but maybe no more spend on Bushranger exploration after that full stop
NicetoMichu: as somebody else said "Ascot may well be the daddy of the local system".
Thanks for posting Andrew and good interview CB.. I'm reasonanbly excited by this and very excited by Fair Bride and think the current s/p is joke low now ..
(The Market Cap here is currently only approx 15m Gbp... And I will be putting my money where my mouth is by increment from soon enough on forward..)
PS: Lets not forget that Bushranger is too big a beast to fit with the companies existing stated strategy.. so CB needs to examine all options comprehensively before committing too much more to further Bushranger drilling imho..that said, 2 or 3 million USD more for an Ascot focused further drilling exercise would be fine by me still though
I'm getting old and deaf but I didn't hear CB say that this time. Think that was a sarcastic joke by G 600.
"Looks like a world class T1 asset to me......"
Wonder where we've heard that before? Hoping this isn't another Colin Bird deflection
Apologies investing 100 in that case, although I must question your timing then after the recent rerate. Bit touchy that’s all.
Certainly no offence intended.
Podcast•
More news from down under to follow, and hopes to speak again before Christmas??
Fairbride plant is ramping up with ongoing plans for increasing the mineral reserve and sulphide plant potential.
2-3 years certain cash flow minimum from Kakuyu with good potential to extend.
https://audioboom.com/posts/8215262-midweek-takeaway-with-colin-bird-executive-chairman-of-xtract-resources-aim-xtr
Good to hear we are looking to expand FB and build on what we have.
>>Wasting our money on impulsive purchases.?
Either a deramp or the most uninformed or naive statement.
These acquisitions are important for future cash flow into the company to secure the needed sustained growth of the production side of the business in line with its growth strategy. They will be cheap to pick up at this time of economic turmoil as these small operations will find it so difficult to go solo and secure the funding to get these projects cash positive. Xtract are very ideally placed. They are of no extra burden to xtract as a project manager will be appointed.
That type of RNS would have seen the sp move up in previous years. Many getting excited about the potential.
Not now.
I think the market is now numb to anything other than results from CB.
I noticed this:
"with the intention of building cash flow over the near-term "
same thing said about Kalengwa and Eureka. The good news is we will have FB income so no raises to pay for this and worst case is it may only waste about a months of FB income.
Never know, this one may even produce some income! Lets see.
Looks like a world class T1 asset to me......
If we have money to spend on Projects and building small scale mines.....why are the team taking shares in instead of wages?.....
It's another form of dilution and also give thier pals for votes to control the company.
Maybe they didn't like of close the last vote was.
A reasonably well structured deal, and as promised not to heavy up front capital loaded and production ready. Small scale, let’s hope it’s turns good profit.
The company did say news on JV’s would be before end of year, so a pat on the back for the team and Colin.
Come on lucky don’t be so fickle ;-)
Don't care......look over here another project........forget bushranger blah blah blah
I've promised myself that I really shouldn't get too excited with these announcements after Kalengwa. Having said that I suppose I should wait and see if it delivers anything.
Kakuyu project with 60% interest to XTR
andmillsy... the transparency provided in the RNS is I think going to be another trust issue here. It seems to be the preferred way of reporting things that leaves it unclear what has been achieved. It irritated me that for example with regards to the alluvial figures XTR and Xplorator were exchanged in the reporting. Or the way the less valuable GF and BE deals were reported as gold produced rather than revenue for XTR. The lack of transparency needs addressing for when FB is finally reported. The market is no mood to give Colin the benefit of any "purposely built in" doubt.