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It would be nice to interpret that as such and a reassurance that he has learnt from his past mistakes.
Problem is, its probably CB trying to justify his next lottery ticket buy to us , and implying that....
"this time it will be different. No really...honestly guys.... I promise !"
"I just think the man's a compulsive gambler, and using our money to fund his addiction"
Exactly.
He wants to find another Kiwara before he leaves the stage and knows he hasnt got that long left. He's taking greater risks to deliver that big one.
He probably thinks focusing on and progressing FB is just too boring and not exciting enough.
If he wants to keep buying lottery tickets then he should use his own money and not ours.
He wont change now. He needs to go.
MM will now take 1.1m
If this was a basket case you wouldn't be able to sell any or very little
On TG Kevin said there will be in interview with CB
No date given.
Poor CB. He's going to face some really hard hitting and difficult questions from the roast guys!
Roast: So Colin isnt this a good time to buy in to xtract at this very low sp?
CB: Absolutely, its very undervalued at this price and I'm utterly convinced the SP will be moving higher soon.
Roast: Thanks Colin, bye.
Btw, I should have added at the end ....
that's the added value CB has contributed to this share over the years !
SP is at a discount imho due to the CB factor
I can sell 750K.
There has not, so far, been a wall of selling and many could if they wanted to now (couldnt sell early doors).
With sentiment so low and all the lack of news and indeed much disappointing news, it COULD be that we are at or near the bottom???
We had an official offer (in an RNS) for FB 4 years ago at a higher value than the current MC - and that was before there was a working mine at FB and we had any profit. POG was much lower then as well
Interesting not intersecting...but then again if it gets very heated???
AGM should be intersecting:)
CB's usual tactics of distracting and smoke and mirrors wont work now and he is going to have to deliver something pre AGM to avoid a very very hard time.
His usual distracting tactics have worked well, and this sketch sums them up what he was doing to all of us for many years !
Good luck at the AGM CB!
https://youtu.be/QX0r6DsvXAU
LW
I think that is a fair and accurate summary.
So IF anyone thinks POC is going to be hitting $12K + over next 1 to 3 years (possible much higher) then we do have something that a major will want...eventually.
Problem is its not as CB implied and will take much longer than he stated.
This is more of a "bottom draw" stock now imho rather than "sell or you will lose all your money"
OFC AIMHO.
That para sums it all up.
Complete deception and obfuscation.
(Subtext seems to be, we dont want to give you the actual and current figures that we have as you wont like it)
Just a thought.....
If CB just made a statement that we will now just focus on FB to develop (work on sulphides) and BR and NOT acquire any more small projects for the foreseeable future, I wonder what would happen to the sp?
CBs track record in zambia with us, is appalling and the worry is that he keeps going on treasure hunts with the FB income and just squandered it.
There really is great potential here imho and a lot to like , but I'm worried it wont be delivered because its CB at the helm.
Ben
I am sceptical of CB#s forward guidance in interviews but this is in an RNS.
I think we will hit between 65 and 70 kg. Maybe 80 to 100kg in an interview is in reality 65kg to 70kg
68kg is 2186 troy oz
$1900 POG less $700 costs = $1200
$1200 x 2186 x our 23% = $600K = £475 K a month profit pre tax
When we start to get this confirmed in an RNS, surely the sp will start to rise?
It already would be doing if CB was not in charge
"we are looking at an increase of production and a steady dry season rate of not less than 65kg per month."
80Kg to 100kg as previous guidance is not less than 65kg so we may still do that :)
In all seriousness hopefully we will be at 70kg. Nothing like Cb implied but still decent.
But we need that confirming into actual profit in an RNS!
Upon reviewing those cash flow projections for the forthcoming twelve months, the directors consider that the Company is not likely to require additional financial resources in the twelve-month period from the date of approval of these financial statements to enable the Company to fund its current operations and to meet its commitments.
"bet he's not looking forward to the AGM......."
Dani here borrowing Andrew4444's computer.
but why would you say that? I think CBs done a great job over the last year - he's given me a great opportunity to top-up at CHEAPPPPPP PRICESSSSS...
WINK
The one ahead of the game🤣🤣🤣😋
It really was all BS for 2023 time scale, as implied by CB, but it may not be BS for a 2025 timescale...subject to POC !
The difference is, in the past the indication of good news just around the corner was not as significant as 2mt contained copper, tier 1 assest , 10p "and they can stick it" etc etc
Prior to that it was all possibly some good news but not on BR scale and he could replace those smaller failures with other hope of good news with another shiny thing coming soon.
He can't replace the 2mt cont copper etc with anything remotely as significant. So some good news on the African copper deposits wont wont replace the expectation of BR.
Has his BS just got out of control, even for him?
Its time for him to reveal his poker hand. Those 4 aces he implied he held, could be a pair of 2's !
"I’m not doubting the effect CB has had with his strategy, but there are other contributing factors"
Yes, there have to be other factors contributing to the fall but where I and I suspect others would disagree with you is the split of those other factors. I would say 95% to 5%, with CB responsible for the 95%. At a very generous take, I'd say only 90% responsible.
As for the use of the word "strategy" , you means CB's strategy of being overly optimistic, obfuscation, be deliberately deceptive, mislead and come out with utter BS in interviews :)
Amazing that that strategy hasnt worked :)
"Where does Colin go now"
He has to deliver. Only way he can do that is by results.
His BS interviews no longer work, well for most they don't.
"The world falling into a financial 5hit storm and Putins antics have been the biggest influence though."
If that is an attempt at explaining why the sp is at such a low level, than I dont agree. POC is not much different to a year or so ago and the sp was 7p just over a year ago and the war had been going for a few months.
By far and away the biggest factor for the sp fall is that reality is not matching CB's expectations. The 12 month decline started happening as the reality of the situation became known and replaced CB's expectations and forward guidance.
This "lets blame other factors" is straight out of CB's play book of deflection and obfuscation and moreover of not taking any responsibility.