Member Info for Andrew4444

The article was talking about the future in months. Could well be right over that time scale.

But after the recession is over I expect copper demand to start increasing and it may take until early 26 (after recession over)

If ARCM and my other copper plays do do well over next 12 months I will be adding more here with any profits if we are still sub 1p / 1.5p

Ntm

My thought process is that we know what we have at BR and I am confident that POC will eventually get to the required level. You may be right that it will take more than 3 years to get POC to the required level to ensure a sale - but I see it as very likely to happen at some point and sp hitting between 4p and 6p.

Zambia is just a hit and hope and we may strike lucky and it could be the best thing CB has ever done in his long career. But his record is pretty bad at small exp projects so that's why I am more confident with BR than zam, as we know we have something under the ground at BR rather than just hope to find something

we may start drilling by CB's guidance, but if we do it will be a first for CB. :) I guess just because he has got the previous 30 forward guidance wrong, doesnt mean he will get number 31st wrong !

As you know I have other zambian drilling bets and if they do work out sooner than xtr then I also would be happy to add more here at sub 1p with any profits from other investments

I think it likely that my other investments will produce a return much sooner than xtr and my plan would be to add here if it stays sub 1p. I think I will have plenty of time to do that......but who knows?

In that case we wont be doing any drilling until April 25 !

imho

2p paid

...alot of buys just went in.

Leaky? Or nothing to see here??

We should know soon.

I'll try and be realistic rather then positive or negative

We will need $6K/t before we get a buyer for BR and that is not likely to happen for a year at the earliest, probably 2 and may be 3 years.

Small exploration projects are another punt by CB which has at best (imho) a 50/50 chance and may well end up like all the other failed attempts (small copper exploration)

The manica money will keep coming in until March 2027 so that should give us enough income to avoid dilution unless the SP starts to rise substantially (when has CB ever not taken that opportunity !)

But dilution should not happen unless sp is at multiples of current level.

So in summary a decent chance for BR to get sold at multiples of current SP but not for probably a couple of years. So not a lot will happen here for some time.......unless we get lucky with Zambia. And despite CB's claim of drilling starting by end of sept in Zam, I doubt we will be doing any drilling until end of rainy season ends in March 2025

Bottom drawer for circa a couple of years IMHO

Fulmar

It was a clumsy post by me and I didn't express my point very well. My main point was that the drilling results will determine the new sp (higher or lower). I am anticipating the drill results will be decent (in the inter quartile range of the extremes of very poor or fantastic !)

All Bods talk about multi baggers so I take the x10 x20 comments with a pinch of salt.

Lets hope my scepticism is unfounded and the drilling results are nearer to the "fantastic" side!

GLA

I feel all this future prediction of SP is meaningless as it all depends o the drilling results.

They could all be very poor(unlikely) if so then sub 1p is coming. If most are very good then another GGP is likely so 20p+ is realistic.

So future sp is sub 1p to over 20p !.....depending on drilling results.

Maybe a middle value between those two extremes is most probable??

We'll see.

Its easy to spin the payment in shares as a negative implying very little cash left. Which I am sure is not the case.

Much more likely that the creditor wanted to be paid in shares as they think the £36K in shares will be worth a lot more than £36K in a few months?

"PS: My few day view is here's to 2p+ here.. and my few month view is here's to 3p+ here"

My future 3 months prediction is between sub 1p if assy results are bad or 10P+ if very good !

I hope that helps :)

my bet is they will be, at the very least, quite good

We'll see.

Takenorisk

Thanks for that link.

For the purpose of accuracy and to avoid any misunderstanding, that article was published right after the mini crash (5 Aug).

The supposition of contagion was wrong and commodities have risen since the date of the article.

Copper has gone up from $8500 to $9000 since that article was published.

I know you would not want to mislead anyone or strike fear here, so I thought I should point that out.

But thanks anyway....

"If the market thought that CB had enough money then our Mcap would resemble the sum of all out parts + Cash in hand."

The reason for the apparent disparity re funds v SP is because the market thinks CB will use the money for small exploration projects and keep drilling and find nothing of note. Just like the previous 5 small exploration attempts. ie he's going to waste all the manica money

If he attempts to do a phase 3 drill campaign then there would have to be be a raise but no doubt CB will be doing this after the sp has been ramped up. This has happened before even with no news but with the help of the MMs.

Personally I doubt there will be any more drilling at BR (by us) and from listening to his interviews and feed back from the AGM, I think CB is hoping / waiting for POC to rise substantially higher. I think CB is done with BR re drilling.

"Copper isn't even sustaining $9k so it could be a while."

A while Indeed.

Buyout option being pushed further back so maybe 2026? now or 2027?

As CBs tIme scales always slip, the end of Q3 timescale for drilling in zambia will no doubt slip. Cut off time is mid Nov (raining season starts) so its 50/50 if we start drilling at all this season and may have to wait until April. 2025

Because if the delay in the two catalysts for SP appreciation moving out, (BR and drilling) I can't see the sp going over 1p any time soon and probably for 9 months +, so we are stuck here at this sp for some time IMHO.

Unless CB wants to prove me wrong :)

PS

I agree with Zap re the unlikely chance of a placing for the reasons he has stated. Should be good for at least 2 years

Well it took longer than implied but finally we're off !

With this massive drilling campaign, I think we'll find something that will lift the sp substantially.

Just not sure when though?

But I'm sure it will happen !

3card

And flying 40,000 feet above your head was sarcasm :)

CB can't win with some.

He's just trying to give shareholders an opportunity to buy more at discount price and aver age down.

And yet some are still moaning at him :)

HZ

The fact that you have asked for some evidence to leave the 1% , probably says it all.

I would think the last 2 years sp performance and comparing deliver v CB prediction would be enough evidence for most !

Hope you never leave the 1% club HZ as if you did, the sp would have to be below 0.1p :)

I dont want this to turn into a silly tit for tat debate rehashing old points - so I will leave it there.

I'm sure MMP would love to work with CB again after the money they made from the sieve like agreement he had with them

Just because a JV partner wants to work with a small cap CEO doesn't mean they are endorsing his competence or that the ceo is delivering value for money for shareholders. It could mean that the partner sees the small cap CEO as a soft touch and easy to manipulate and that they can make a lot of money from.

Not shooting anyone Jez :)

I knew it was from TG.

For accuracy I was just pointing out correct name in case some tried to find out more about him and google.

I agree he wont want to go - why would you want to leave many well paid job that you are doing part time !

I suspect ill health, old age or worse, will be the reason he has to stop.

At least we know who will be replacing him.

At 81 in a few months I suspect that may be sooner than CB wants and than some think.