Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Lucky520. I'm mid 50's so around 10 years
How much has he made me ? If I hadn't been greedy £25k
Because I was greedy - £5k
lol !
Currently slightly underwater................
>> Okay Steve, you are right. The reason fairbride was so late is due to covid and putin. Sorry Colin, my mistake!!!! Covid and putin cost us 50% dilution in our shareholding.
Not really sure what your problem is. Unless you think Colin has been in Mozambique deliberately sabotaging the efforts of MMP in order extend his salary or then the worst he seems to be guilty of is being over-optimistic on dates. Its Africa - everything always take longer than anyone expects, which makes it doubly true for Colin.
If you can manage to get past the dates issues, then consider what Colin has actually achieved. He got someone else to build a mine and a processing plant and then give XTR 23% of the profit - in fact 23% of revenue for the alluvials. We have a steady income stream with no need for capital expenditure or operational costs. Its a great deal for XTR that puts us in an enviable position in the current market and that is Colin's strength - making deals - which bodes well for the eventual sale of XTR. In exchange, I am happy to accept his consistent optimism on dates and make the necessary allowances.
That is a seriously heartening article for us. I do suspect that whatever the eventual number at racecourse a bid will come in from AA. Whether its half decent though is another matter altogether
https://www.bloomberg.com/news/articles/2022-07-28/anglo-american-s-new-boss-sounds-warning-on-future-copper-supply
“I genuinely don’t see where all of this copper is going to come from at this point in time,” Anglo Chief Executive Officer Duncan Wanblad said in an interview in London on Thursday.
Err.... Bushranger? Come on CB, they are begging for the next opportunity!
>>he may well be in the final 10/15% of his life
Cheers jezzoo laughed at that, incidentally what cut-off variable have you used in your calcs?
Maybe I should re-phrase....... how much has he cost you?
Jezzo, just had a thought. If you have been a CB investor for 20% of your life, then let's say your 30-40? So 6-8 years you have followed CB.
How much has he made you?
"I've been a CB investor for about 20% of my life"
I've been a CB investor for 120% of my life - that's how much this has aged me :)
Okay Steve, you are right. The reason fairbride was so late is due to covid and putin. Sorry Colin, my mistake!!!! Covid and putin cost us 50% dilution in our shareholding.
Jeezzo lmao!!! I mean I'm annoyed a bit today and also frustrated with Colin........ but telling him he's only got 10% left!!! You heartless so and so.
I keep going back to the fact that Colin isn't a young man, he may well be in the final 10/15% of his life (sorry Colin)
He's still massively ambitious though and fully intends to have the best life. I think he also wants a legacy and this could be the last hurrah he's planned before he rides off into the sunset, pockets stuffed with money.
I'll be doing the same but with maybe not quite so much stuffed in my trousers.
I've been a CB investor for about 20% of my life, I'm hoping he will be making a major contribution to the remainder of it.
Always good to reflect on how this point has been reached, how much extra drilling in Australia has gone on with a tightly controlled budget? Any project has a balance of speed, quality, budget and safety - personally I think it’s spot on and has performed exceptionally, loads more done than expected and all options explored.
The end game (for Bushranger) is in sight.
Drill(s) at Bushranger have stopped, the kitty is getting bigger by the week - even running Fairbride at 50% should put $50k into the pot each week and this will improve the closer we get to October. Very few small cap miners in that position.
Model for racecourse is in the process of being completed, now the expedited assay results are back (keep saying this, think about why this was done??).
Ascot and Footrot to follow (Sept /Oct) as they’ll need a lot less work going into sale, won’t have full on JORC and will add as potential extras (unless cracking results come out, then I could see phase 3 drilling, funded by cash build and rolling funds)
Fairbride coming into full production Sept / Oct time + further exploration there.
When you look at the time frames for Bushranger and the recent steps, it’s massively pointing to Sept / Oct (CB also gave commodity dates as Sept / Oct).
Of course, I’ll be reading this wrong and probably reading too much into decision process - maybe the lab just came to the Final racecourse samples first in the warehouse!?
I didn't ask for optimism - I asked for constructive discussion and to improve knowledge of our investment
Complaining that person who has always been optimistic was optimistic again, is not really adding to the discussion, and implying that CB is dragging his feet to extend his monthly salary is up there with believing the Earth is flat. Maybe read a newspaper and see if anything else outside of Colin's nefarious intentions could be affecting the share price timeline for XTR?
everyone is entitled to their opinion.. and the best boards are invariably a very broad chuch of opinions..
..plenty of good points made by Steve in his post .. and plenty of good points made by those who are currently 'moaning' in theirs too ...
Generally, I've been in this stock longer than most here and fully understand why plenty feel the need to moan from time to time here.... but i'd offer, in defence of the one and only Mr CB, that to be a longterm CEO in this space you need to be an eternal optimist.. and he absolutely is that .. hence why he's overly optimistic on most every time frame he gives imho...but, he's very consistent in that too, which is useful for range trading.. and just as long as he gets there in the end then fair enough imho.. and he seems to be with Fairbride 'ard, thankfully.. and hopefully ditto with Bushranger 'in the end' too..
Policeman Steve, having a board full of optimistic people who agree with everything everyone else says and has no opposite views is not a healthy forum. I've earned the right to moan, and so have many others here!
This board seems to be in danger of moving from an excellent discussion forum into a place for people to complain about things they can't change.
Colin is optimistic with dates - did anyone not know that? Is anyone still invested not taking that into account?
Since CB outlined his plan for the future, we have the biggest European war in 80 years, a global food crisis, a global recession, high inflation and crashing commodity prices, yet people are complaining the plan has changed. Of course it changed - because while Colin might be optimistic, he isn't an idiot.
Colin has made millions from past deals and has 44m shares and options in XTR, so he has the right background and plenty of motivation to do the right thing long-term for XTR shareholders. With his wealth and at his age, he obviously isn't trying to stretch things out to maintain his salary. He will be a lot more interested in legacy at this point than monthly income.
Then we have the complaints that the share price is down. So is almost every other mining stock. AIM as a whole is down massively. If you want safe investments and steady income, then News Flash! - small cap explorers on AIM during a global economic crisis are probably not ideal for your risk profile.
I've moved most of my attention to the XTR Telegram group, because that is actually a constructive discussion forum with the objective of learning more about our investments, rather than mutual complaining about things you can't change.
When are we going to see our money ? Colin you’ve sat here too long if you can get us our money.
https://www.cnbc.com/2022/07/28/china-signals-no-big-stimulus-is-coming-while-covid-controls-remain.html
And going by this I cannot see China reopening September/October. I won't give a year !.
At least gold picking up, as is copper.
Its not in his interest to get things done quick.
How much is he paid per year per company?
He's probably earning 50k a month across the board, plus bonus shares and fancy company dinners. Notton mention the first class travel, if he does? I have no proof but wouldn't surprise me.
In his defense, at least he doesn't discriminate across his many Companies. Same promises and delays across the board. Personally think he has too many projects/companies to give sufficient time and focus. Plus always looking for the next "game changer" to prop up the bulletin boards. Saying that, hope all his companies eventually come good but keep telling myself - be patient !!!.
Wow.... I had just reinvested at that point.... maybe a few months earlier..... I remember being very bullish on the African revenue and telling friends about it.
The reason I gave my friends for it being so undervalued..... Colin has overpromised in the past and it is haunting him..... but the MMP fabrication pictures were starting to arrive on the website..... so I thought he was actually going to do it this time.....
Forward 2 years......lol.....
But in his further defence..... MMP suffered bad from Covid..... thats the reason Empress got a look in..... but Eureka hasn't been smooth either.
There have been so many L250.
I'm still pretty sure he has only met one of his deliverables since JN left. That was the update as I recall......
Do you remember the quote " if I miss it, it will only be by a month"........ hahahahahahaha
Perhaps he should be made to wear a badge for the entirety of the AGM - "I’ve not done my job"
https://www.youtube.com/watch?v=AxxNbFw9Fbk Oct 2020 interview
While we are waiting for the 2mt to be confirmed and AA to make $500M offer, I had a look back at an old interview CB gave. It was one of his most interesting and informative - talking about all the projects.
CB did it nearly 2 years ago (Oct 2020)
Interview starts with CB at 28 mins
A few observations:
1. POG had risen to $6.7K at the time of the interview and CB expected it to hit $7.5K by next year (Oct 2021) It is that now even after the massive fall. Just shows how high POC has risen over last 2 years.
2. Timeframe stated for FB in production was a year away ie Oct 2021 at $500K to $600K income a month. Same time frame for Eureka at $250K to $300K a month. CB said If that was not achieved by end of 2021 then quote “ I’ve not done my job”
3. He also used the phrase ..”Its not (going to be) a death by a thousand lashes” It ended-up taking 20 months after he used that phrase!
On reflection, I may need to review my original Bushranger sale date of Q1 2023 !
“The farther back you can look, the farther forward you are likely to see.”
? Winston Churchill