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Https://audioboom.com/posts/8384611-sunday-roast-featuring-colin-bird-executive-chairman-of-xtract-resources-and-shaun-day-ceo-of-g
Xtract from 11 mins
(In short, CB says future for Xtract is all looking great !)
Quote by CB
" I feel blessed for our Shareholders, I really do "
:)
He is upbeat without being over the top in that podcast.
He's finally admitted BR isn't going to happen until the copper price fits, as I said yesterday I think it will happen but who knows when.
He says he thinks there could be three times as much copper there. 4Mt ??
It will take drilling to prove up, again as I said yesterday we need to spend our earnings on drilling BR if we genuinely believe that potential.
Blessed ? PMSL.
He speaks of lemons.
Mmm..
Long interview just on Xtract.
I wonder if this is the start of a PR campaign to boost SP? Maybe Q2 results soon with a commentary on indications of Q3 results??
Really? He always talks a good game on these podcasts.
Been here since late 2014. At that point, they were excited about Chepica!
Hard to believe that this almost hit my break even in January 2021 and now sits where it is now.
Overall I liked that podcast, I can see what he's doing with Zambia, already alluding to high grade "coal mining" of copper and a drill campaign to prove it up. The "repeat" is forming, ready for the first hole spike and similes galore, get ready for "like a huge turnip Zak" etc. CB is getting his ducks in a row to keep team XTR motoring for another couple of years.
Hopefully somewhere in that period the copper price spikes and we have two copper plays to sell.
And finally have something genuinely nice to say about him that's not agenda driven.
Come on CB, prove me wrong.
My thoughts too DREW.
did I hear 6% copper flat terrain ZAMBIA ❓
Agree Jez
Invest profits Mozambique gold into BR
Reassuring interview I thought, there is a clear enough plan to progress assets within the limits of the treasury for as long as practical. Like I said, work has been non stop and will continue throughout any further down turn , whilst others have seen their projects parked up due to funding difficulties to progress he made the point on that xtract are on their way already.
Nothing changed at BR, they will wait for full study to see “if” further drilling will be needed to increase resource as and where necessary. They won’t be drilling to 2mt or more that’s not what he meant. Viability over quantum to repeat one of his other previous comments. It was always going to be new age mine supported by higher copper price, that’s not a recent revelation, $4/lb was benchmarked in ‘21 study.
Hope Kakuyu will see progression toward something that can bring in some cash, confirms they are not running any ore to plant in a small op to generate cash flow toward that bigger exploration prog short term. Plus side is looking to be a far bigger proposition.
Seems genuinely optimistic about the new Zambian ventures.
Is it reasonable to expect CB, and the rest of the Board, putting his money where his mouth is and buying lots of shares shortly?
Colin was invited to ramble and ramble he did. Oxides 89%, sulphides 10-15 years, mission is to find oxides, 85kg/month. Question should be: What does he intend to do with the money coming in?
The man can talk the hind leg off a donkey if you let him. No surprises he bragged about Kalumbila/Sentinel. Honestly, you could play bingo with Colin's interviews. The way he banged on about IOCGs in Zambia and how underexplored the country is was hugely reminiscent of 2019 with Eureka. Look how that turned out. No questions about how the previous two ventures in Zambia have failed/been cast aside so why should this one succeed? His words are hollow.
Surprise surprise Kakuye isn't able to be brought online like he said before. It's more of an exploration venture than production. So that's another forecast that's been proved wrong. "It would be cavalierish to start stripping when you don't know what you've got". That's what you said we would do! Which brings us back to: what are you going to use the money from Manica for? This is so important but has never been asked.
"I feel blessed for our shareholders that we've got this acquisition". Many shareholders are 50-75% down. He's optimistic about the future. But still absolutely no indication of strategy to bring about shareholder value apart from being certain the Cu price will turn and harping on about sp/value disconnect. Nothing we haven't heard before.