Member Info for Andrew4444

My approach is the same as Harchris. Assuming we do get confirmation of finance I would be very surprised if you could buy at these prices ever again.

The risk is that we wont get this over the line and its all more BS by the company. If so then buying now is a terrible strategy.

My bet is that, at some time in next 1 to 3 months, we will get the RNS. Gold, Silver and Copper prices are all very high

Yep, I maybe wrong.

Bank

Will do.

This great idea is all down to Duster not me.

I owe him a pint

Duster

Fair paly to you for calling the company and asking them to reveal info that would have material affect n the SP. I honesty didnt realise companies were allowed to do that. But what do I know?

Pity you didn't make that call 2 hours earlier yesterday - before you said you were trying to buy more

Thanks for the heads up. I'll give the company a ring now. It may save them the cost of releasing an RNS :)

ATB

"I might have made some enquiries "

LOL

You're comedy gold pal :)

Dusterinmong today

"8.29 AM TODAY Should be some buying this week ahead of funding news. Moves fast not many shares in issue 1 2 bags min on + outcome"

"10.56 AM TODAY Not much left below 5p on the book. Trying to grab a few more myself"

"1.15 PM TODAY Have sold my holding will be back end August Sept"

Brilliant stuff mate !! Made me laugh anyway !

A more measured interview by CB and not the usual "salesman style" pitch. Answered a few questions as well.

I didn't think he was as a ebullient as usual. Not sure if this was just my impression, but that was the first time I thought he started to sound what he is, an old man. He picked up when he talked about Bushranger and the old CB came back !

Maybe those who go to the AGM and see him F to F will be better placed to judge??

The problem with advice of "just read the RNS" is that very rarely does that turn into reality.

CB's RNS are more of a wish list of what he hopes could / will happen.

Nomad can approve them as its not an out and out lie - its what CB thinks will / may happen ......but nearly always doesnt !!

I think CB did the manica deal as a cash grab as he knew time was running out for his big copper discovery and wanted to go hunting with a decent war chest.. He never was a big fan of Gold and copper was his thing.

I suspect if CB was 20 years younger he would have kept Manica and developed it - but that all takes time and that's what he didnt / doesnt have.

IMHO

Completely agree Jez (apart from 12 months time should be now)

Unfortuntely he is here until he wants to be or until health or mortality make that decision for him.

Personally I think he will be here until just before the manica money runs out. His motivation imho is not to make money (he has more than enough to see his days out) but to get that one big success discovery as per 15 years ago. He wants to leave the stage with the sound of applause and he will just keep gambling with "our" manica money by doing more exploration and drilling.

Some keep saying we need patience. But that implies we just need more time for the inevitable success. I don't agree

We need CB to be lucky as much as patience ... or a new CEO with no historical baggage

IMHO

Agreed with Lucky and LWs points below.. Its a case of now sit and wait for POC to reach the required level (whatever that is). But how long is that going to be ?? !!

"I'm sure if there is some great news from it (BR STUDY) , Colin would be telling us and get to say.....I told you so!"

"My guess is Opex and Capex have out run any gain made by ore sorting. Substantial increases in copper price is what will save BR and that may happen. "

Apparently Its down to Trump 50% traffic on copper just announced

so no doubt trump will reverse that decision soon and we will be back down to $5 again

This is a tech glitch right????

https://www.investing.com/commodities/copper

I've been slowly buying back the 1m I sold at circa 1p

The 100K is mine. Not the others

I have bought back 600K so far of the 1m sold

I will not consider these "bargain prices " just yet as it may keep falling??

Without trying to sound like JDAU or HZ, worth remembering that at BR there is 600K tonnes of contained copper at reasonable decent grade and at low depth

191Mt @ 0.33% CuEq at 0.2% CuEq cut-off.

That won't get us anywhere near 10p but could well be worth a few tens of millions? So may be 2p or 3p at higher POC? I know that wont be enough for many LTH but there still is some hope at BR.

For me, its the unknown time scale that is the big issue

IMHO

"it will still be one of the last to be picked "

Possibly, but due to the shortage of copper it will still be picked (assuming POC does keep rising) . There are not that many other projects and they wont meet the future demand. There is not enough copper to meet future demand. The POC will have to keep rising to make all those other non-viable projects viable, to encourage miners to mine the copper to meet demand.

The problem is, I'm not too sure when that will be ! In 6 moths or 3 years ?

btw, BR was the 10th biggest discovery in Oz over last 10 years

Jez

Its not really down 10%. MMs playing with the spread and UT trade after hours addedd another 4% drop

Its about level at close

it will open up tomorrow and re balance after UT trade has cleared

That said, all faith and trust lost in CB so he will need bigger and better news than usual for sp to rise and keep that momentum. Oh for the days when CB did a quick ZAK interview and that would increase sp by 20% !!

He really has been found out now and the BS does no work anymore

" a million odd dollars ish is just not enough scale to be meaningful/worthwhile versus the revenue that flows in as we go from Manica as we go (Also the heat he'd get for such a raise at such a price would be extraordinary, not least including his Nomad perhaps pushing back on such a thing anyway"

I've said the same thing a while back.

Although I dont trust anything he says now even CB would not be that mad to try a raise at sub 1p for $1M when we have $3M per year coming for next 3 years.

If he does try a raise then I can only assume he is trying to trash the sp as one final FO to LTHs just before he leaves !

"Is there a successor in the wings"

Yes Martyn Churchouse

last year CB joked that if he starts to forget where Africa is then Martyn will take over

CB is 82 soon. i think Churchouse will be new CEO within next 2 years and before the manic money runs out (CB can still spin the wheel while that money is coming in)

Ben

I have no idea what will be the trigger point of "bit of good news" to move things permanently in the right direction. It could be POC going over $12K and sentiment changing.

It may need momentum news re SK and after say 4 good RNS on the bounce , the sentiment changes to many taking a position and stop the trading.

I have already said that I sold 1m on the last SK news as i gambled that the sp would fall back. It has. So people like me are not helping the situation but I have eventually realised that its more likely to fall back then keep going up. It's no good going against the tide (took me many years to realised that) but I may get caught out and if so...then great as I only will be trading a small % of my holding.

At some point there is a tipping point when traders turn into longs and that may not just be one bit of news but an accumulation of bits of good news or industry change in sentiment (POC keeps rising)

That is probably not very helpful to you but as you said, its a punt as much as anything. In Aim sp moves on sentiment and human emotion rather than logical analysis . Maybe its momentum we need here?.

Anyone who is still here must think there is more chance of the sp going up than down or they would have sold. I'm 60/40 in the up camp and only still here as I think we have 2 years + with little risk due to the manica money. HZ may be 99/1 in the up camp??

HZ

My view today has been consistent for a few years now - so no change.

On 16 Mar I posted

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.

For me the investment case here can be broken down into three parts

1. Bushranger

2. Various licences with drilling taking place or about to start

3. Long term income available

It could be that POC does not go high enough to make Bushranger profitable or saleable and we may find that all the other licences go the same way as the many others and add to value . But with the manica income we have until mid to late 2028 to keep waiting or trying. That's why I was not as concerned as some, when the manica money was stretched out until 2028.

Depending on the outcome of POC and of number 2 above, you could put a reasonable case that the sp will not go above 1.5p or.... that in a years time it will be multiples of what it is now.

Just one bit of good news should see the sp rise from these very low levels.

Place your bets. I've done so.