focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
"Hadnt looked at share price in a few weeks and just seen the proposed share issue/funding round. Although its a shame to see a lower share price, at least doing a big round of funding rather than messing around with £1m or so at a time, means BEM may have the funds to actually get Kallak sorted."
Except that that's exactly what Budge said 2 years ago in the previous big raise. Just saying.
Good news indeed. As the current low SP is in no small part due to the effect of water problems on production, one might expect to see a bounce back today.
Trouble is we have yet another take up of low price warrants which highlights the main problem. Being 2.7bn shares in issue now.
Maddog re "Has anyone ever asked Colin what is the advantage of having lots of small projects in Zambia spread across his various companies ?"
Obvious. More opportunities for the team to award themselves bonuses and cheap share options.
Minor
ReIf we're looking for the next 'Dark Horse' I don't think this got the air time it deserved.
Insight from Jubilee Metals on potential Luasobe time scales, from 22nd November.
JM are moving to the north of Zambia at Mopani, a few miles down the road from Luansobe.
2 things of note; they can now produce copper from sulphides without smelting and, perhaps crucially for us, they will make a decision on the capacity for the concentrators by mid-January 2023, i.e. by then they will know the projected volume of fresh ore coming from Luansobe::
I know it's off topic but I love this fanatastic company. And we are so lucky to have Leon at the helm. I've made a shedload on JLP in recent years and most of my remaining shares are now free to me.
It just frustrates me to hell that every time I top up at a "bargain Price", the SP falls further.
Hoping the copper and cobalt will push us back up into the 20p's.
re. To be fair... that was the most confidence boosting message I've heard from Colin in the last year! Expecting a positive market reaction tomorrow. ;)
I would have been more hopeful if the tune had been sent via an RNS.
"It has been said many times, CB is stretched too thin over many companies and it shows. No communication strategy, just winging it. Every time there is an RNS or interview, the SP takes a hit!"
You may have noticed RNSs from 2 other Bird companies today, KEN & GLR . Largely positive news albeit most of the content could have almost been cut and pasted from other previous Bird company RNSs.
Yet the SPs remain unmived. Is the market starting to tire of the endless positive spin?
Somebody yesterday rightly said we should expect an RNS regarding the huge drop in sp. And yet all we get is CB in his safe haven podcast. It's becoming a habit that anything controversial is dealt with by this method rather than through official lines. Wonder why?
A very comprehensive study Steve. Well done.
For those who are saying this us now a vargsin at current sp, make sure that you wear z strong glove before you catch the knife. Many on here in the past gave trumpeted quite modest cu assay rates by quoting low cut-off figures but if Steve's figures are to be believed, any such credibility us blown out of the water. And still Bird keeps spouting on about world class assets on any friendly site that gives him a platform.
If he doesn't come out either a comprehensive statement with clarity thus will continue irs downward plunge. Still, it is a bargain at these prices, apparently.
Xtract is not a one trick pony, even if that pony is considered a bit lame now by some ‘investors’ The other current assets can be further developed to increase mineral reserves and at fairbride to increase production capability too. Also deep drilling at Eureka to follow up with an exploration phase on the very high grade earlier drills to test for the sulphides that could prove to be a major discovery, maybe after a conclusion to BR when more time, resources and focus can be concentrated there.
That doesn't really wash howzap.
Most on here if honest would accept that if Bushranger wasn't in the portfolio, the sp would be considerably lower than even the current low price.
Nubi. Time will tell if the project is sufficiently viable for shareholders to see a decent profit rather than be another AIM lifestyle company.
But whatever one thinks about that, it's not what it said on the CB tin. All I saw in the podcast was a man who has persistently misled us and the market and is now changing the narrative without as much as an ounce of mea culpa.
And the SP says it all.
"clearly any excess funds should be used to maximise Manica or improve the resource estimate at Bushranger
Completely absurd to be doing anything else"
Agree totally Cyber. Quite apart from anything else, time is hardly on CB's side at nearly 80