The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Whilst sunning it in Rhones, find this sudden upward trend very welcome and heartwarming. Something brewing that may easily pay for all this booze and food.
Rise due to Q2 results about to be released today or tomorrow??
Something's up.... 3.4/sell 3.7/buy, yet I can do a dummy sell on nearly 800k shares at 3.7p?
Waiting for massive step up now?
A few biggish buys this morning.
Is CB about to speak ?
Flipper, my reply was in no way meant to criticise or belittle the content of your post. Rather to point out that that long shot 500/1 chance has come down significantly with all the different stages of work that have gone into BR.
I agree, the second half of that GLR podcast was interesting to say the least.
Looks like buyers are returning early this week.
When I spoke about the 500-1 chance of taking the exploration target to a mine it wasn't meant in reference BR in any way. I assume those words meant the earliest stage of exploration.
My expectation and investment is based on BR being. developed. When is the ?. From the last GLR podcast it appears there is currently a Mexican stand off about value/costs.
Ben, further to the point you are making.
About a decade ago I was heavily into a silver mine in Mexico and all seemed great. We shareholders were getting lots of photos of brightly painted mill components, more exploration was taking place and we were told that production was any day now. Then an RNS arrived saying that the monthly loan repayment had not been made and the loan company now owned the shop. Them's the breaks as Boris would say.
I Currently have a small holding in a Canadian miner that is producing copper but put out an RNS last week saying that financial restructuring would have to take place and the sp quickly dropped by over 50%.
My point is that one of the reasons I am over-weight on XTR is that we are debt free with regular income. These are rare assets for an explorer. I feel nervous about putting more money into XTR but every time I look at the company set-up I find it difficult to see a down side. The worst that can happen here is that for some bizarre reason, nobody is interested in RC + Ascot. That still leaves the company sp reflecting the current assets. If the Aussie assets are worth anything then we as shareholders are quids in. If, as many expect there is a run on Cu then those same assets become a gold-mine (excuse the semi-pun)! Hence, if the sp is similar to what it is now in a few weeks time when I expect something of a windfall then I will be looking to top up.
Hold the faith....
500/1 would surely be for a random target on an initial EM survey. Having had AA already find copper and request a JORC would presumably mean it was below 100/1 when we got our hands on it. First hole of 900m+ @0.3% probably brought it down to below 50/1. Every stage has derisked the project. Discovery of Ascot and 35m AU @ 0.92% probably below 30/1. These are all pie in the sky figures but there is no way Bushranger is still 500/1 to become a mine.
I would argue it's pretty much at the bottom - last time it hit around 3.2p then bounced back up to 4p or so. The charts support a buy at this price, the impending news (on all fronts) support a buy at this price. I would also be throwing any spare change at this - slight issue that I'm already well overweight in here and have no spare change. Ho hum.
To support the above, say we have 8m GBP income per year from Manica. That's a p/e of between 3 to 4. Granted, it's not confirmed yet and hasn't been reported but the potential here is enormous and the downside minimal. To deny that would be akin to sticking your fingers in your ears and ignoring what's being said.
In August last year Colin bought 2M @ 3.5 so I am topping up below that price. Seems prudent as sold at 6+.
>null
some one knows something here a few 100000 share buys or they are risking it for a biscuit.
Sometimes it feels like it !!!. But seriously. I thought the odds of taking an exploration target to a mine was 500-1. But in one of the podcasts a few months back, one of the mining CEO's quoted 600-1 so maybe I am being over optimistic. Which probably explains why the majors gave up wasting their time even looking.
Stick to the San Miguel beer and the great beaches in the PI. Mining is problematic. Or do as they do and put your trust in God. !!!.
flipper56, are you really saying we are relying on Bird's LUCK?
Thoughts?
Yes, I know what I think pops
Manica is in production (hopefully) and the jihadi issue is in a different part of Moz.
True about the share price performances. Hopefully his luck will shortly change.
Thats a useful insight into Mankayan
I think Colin uses it as a ramping tool and it has no real prospect, thoughts?
Are we really STILL doing this?
If there is a whiff of good news, CB will be shouting it from the rafters. He will give one of his used car salesman interviews.
If there is no news, it means bad news or no development- which is the general trajectory of Colin Birds AIM businesses.
Time he became CEO of BZT- SP 0.5….now 0.09
Time he became CEO of XTR- SP 10...now 3.35
Time he became CEO of Galileo 7.38...now 1.6
So all significantly down (and no, not because of the current bear market- was down before), yet every year CB collects a salary into UAE where he lives tax free. So what is the purpose of these 'companies'? I mean, they never really move forward. Alien Metals started a maiden drill in Oz in Jan 21 and are looking for production in next 9 moths. Have a look at how long Colin Birds various portfolios have been drilling and have a look at how many times there have been a material step towards production since he was at the helm
Again, what is the PURPOSE of these companies?
Money only ever goes out.
The global war for copper is just getting started
At the heart of Rio Tinto’s pursuit of Turquose Hill and BHP’s offer for OZ Minerals is a simple fact: the world needs more copper than ever before.
Sep 12, 2022 – 5.00am
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It’s the deal Rio Tinto just can’t seem to close.
On Friday night, just days after Rio boss Jakob Stausholm hailed what he described as a “definitive” deal to buy 100 per cent of copper miner Turquoise Hill, a minority shareholder called Pentwater Funds announced that it was. Couldn't copy more. Juat getting started. Not long to wait. I feel the decision will be very sudden.
At some point those who sold some or all, whilst the quiet phase ensued, will need to start loading up again…. Must be getting closer to some shoots of excitement now
Be interesting to see if it comes out of blue or some steady buying into that situ
I had expected end of sept and early oct to be news rich… no real reason bar a hunch.
Good luck all
hi howezap, fully understand that, alot of young ones these days don't have it!! Afraid technology in my view are making them lazy and if your naughty you seem to get everything. ( must be careful here as more and more children have underlying issues) That is a very good example with no aggressive tone. Looking from that point of view l would agree and be miffed if l was Charles and someone suggested it. If it was my choice, no matter how hard l would let my son as you say , have a go. Thankyou Howezap
Mr gez hi, few weeks ago I had a young apprentice start with us, he lasted 2 weeks! Charles has just ended a 70 year apprenticeship to succeed the throne, I doubt he will just step aside. It is a hereditary succession. ;-)
Section 10 Risks and opportunities
(a) geological prospectivity and the possibility that further exploration may fail to demonstrate
economic mineralisation (in the case of projects without defined Ore Reserves),
(b) geology of the mineral deposits,
(c) estimation of Mineral Resources or Ore Reserves,
(d) operational aspects including the mining/extraction method, dilution and mining
losses, equipment sizing and efficiencies, use of selective mining assumptions, waste
management, meeting regulatory requirements and mine closure,
(e) mineral processing and the variability of metallurgical parameters and wellfield extraction
such as recovery rates, process plant availability and the ability of new processes to be
financed and perform as forecast,
(f) construction, including unforeseen physical conditions or weather or industrial disputes,
which may affect both capital costs and completion date,
(g) provision and adequacy of infrastructure,
(h) commodity price, inflation and exchange rate forecasts,
(i) production of marketable commodities in terms of quality, price and cost of production,
(j) sovereign risk involving social, political, environmental, cultural and security factors that
cannot be controlled by project operators, and
(k) project funding.
A Practitioner should report upon the likelihood of de