Member Info for Benhowell459

Ricardo - the status quo isn't always right.

You're probably right in that they don't like exploration. Which is why it would take a bold CEO or head of exploration to push for a BR acquisition. There's evidently copper in them hills and lots of it.

I do think the majors act too much for the short term. Bogged down in some South American mountain range rather than seeing the potential in the land of opportunity and Fosters gold..

I would tend to agree here Lucky. The price to acquire BR for between 10-20m right now is at it's absolute bottom.

BR is evidently a huge district play with untapped resources and probably enough copper to support a mid tier for the next 30 years.

I wouldn't be surprised if there was 10m tonnes plus on all 4 licences. Remember we have explored only one small part of 1 of the 4 licences.

Footrot had one exploratory hole - there were many other targets in the April 2020 slide deck.

The copper is there. It just needs a nudge from Colin and bold step from a big gun. Genuinely don't even think BR is that risky an acquisition at 20m all in. Jurisdiction is great. Politics, power, access and water supply. Surely Colin has been pointing this all out to the majors...

Interesting to note that it seems there is no international copper price (regardless of metric or imperial etc and regardless of conversions). The price you seem to be quoting is the US price which has been driven up by Trump's tariffs.

LME price per tonne is still sub 10k USD. Apparently traders are trying to sell copper on the US market due to the higher prices.

https://www.ft.com/content/c6eb77e4-252e-424c-8708-909be483e138

"New York copper traders are also paying a record premium over the price in London to buy copper, as they try to secure supply ahead of possible US tariffs.

The gap between the benchmark New York Comex futures price and the London Metal Exchange price widened to more than $1,254 per tonne this week, surpassing its February high point of about $1,149 — a new record, according to Refinitiv data that goes back to 2020.

Higher US prices that were incentivising copper deliveries to the US, and shipments out of the LME network, were “tightening” supply in the market, said Alastair Munro, a strategist at Marex."

Talking of IR person, are we able to ask what exactly they are supposed to be doing and what exactly they have been doing over the past 1-2 years. Because from the outside looking in, it would appear to be absolutely diddly squat.

Ah NtM has been trumped on this front!

Tbh Colin NEVER does a Monday morning RNS so it's usually safe to be out of Xtr at the weekend....tempting fate, throw us a mega 7am Monday morning RNS with 50m @6% copper. Go on Colin - you know you want to!

Bezant shares are basically free. You could possibly say there is no downside over there but the market, i.e. everyone apart from long suffering holders (I was fortunate to get out of there with a small profit) thinks it's going nowhere (otherwise they'd buy).

Even a directors purchase from Colin provoked....1 post.

That being said, if anyone on here is also a holder of Bezant, I wish you good luck. Bad enough being a holder of one of Col's ventures let alone two..

I've always used LME which was also at 9904 USD per tonne.

Very strange.

https://www.lme.com/en/metals/non-ferrous/lme-copper#Summary

Talking of district play at BR, I'm still a tad disappointed that the other 3 licences have not been touched. Not one piece of fieldwork it seems.

On top of this, I can't really remember if Footrot got an exploratory drill? Maybe 1 or 2 and they were forgotten / put on the later pile.

Talking of molybdenum, this was included in an RNS (22/1/2022)

"Xtract believes that the molybdenum credits may have the potential to add value to Bushranger, in addition to gold and silver.x

Not sure where we went with that..

So much potential at BR as a district play but we've only focused on Racecourse...

2 minutes from the Roasties

1:27:14

https://audioboom.com/posts/8672635-sunday-roast-podcast-featuring-tim-mccarthy-ceo-immupharma-che-connon-ceo-geoff-baker-e?utm_campaign=detailpage&utm_content=retweet&utm_medium=social&utm_source=twitter

Does anyone know about the implications of the shortened patent life? Someone mentioned it has 9 years left. Can that be extended at all in one or more areas? Will the value of 737 be impacted by this 9 year life and in what way?

Any thoughts on this very much appreciated. (I don't know enough about patents, extensions, and how it can impact buyout / on-licence value - appreciate I could research myself but any initial thoughts very welcome!)

The last 7 holes being reported. Most of the drilled to over 100m. Widths of mineralisation reported as mostly 1m, maybe 2 or 3m.

We have drilled into a mineral rich area, some of those 7 holes over 150m and hit ..

1 metre of gold. Hardly sets the world on fire at all. I'm a holder here and have been for years so not demanding just genuinely unimpressed with this (and I get the argument about this being infilling and every little helps -they had to use a cut off of 0.2g to get those intervals btw)

Cancer and autoimmune.

Sounds familiar. Mostly I think increased M&A is a good thing.

Occasionally I do think though...why have they taken that company out and not SAR?

Astra Zeneca won't be taking is out. Did they look at us and think our pipeline won't fit their goals? What about Esobiotec and their 3 pre clinicals is better than our clinically safe therapeutic...

You do wonder sometimes. One day Rodney...

Can't argue with that Andrew (and the below comment from Eastern investor).

It's incredible how the sentiment here can turn when evidence of exploration actually comes through. We have been asking for this for months and it's long overdue. Who could have thought that the sp could rebound so dramatically (admittedly we're not there yet) when a so-called exploration company actually does some exploration with the cash it has in its kitty.

It's part of the reason why this debate about 80-20 Bird/market blame question is interesting. Colin has just proven that a positive exploration update can turn the tide. It just wasn't forthcoming. It he keeps it up and gets anywhere near where we were in the halcyon days of 2020/2021 drilling down under, we could recoup our money and then some.

As Andrew has pointed out, there is great potential here, arguably more so than back in 2019.

But on the flip side, many LTHers will also (I presume) concur with Gixxer. Colin may give it the big 'un but hopefully we have all learned to ignore the Roasties PR (for they are paid in shares) and Colin's outlandish statements.

For all our sakes, I hope he does attract a new wave (or multiples waves) of investor. A buy out would be nice at £100m + for I do not wish a year + on anyone waiting on Colin to produce a big drill season once more. Fingers crossed for Colin's last hurrah. Fingers crossed 2025 will be the year of the Elephant (in Zambia under an Xtract licence)

100% it was Steve4077.

And tbh he sold out at 2.3p and saved a lot by saving at that point. He also may not have been wrong and was proved right, to some extent, by later studies. BR isn't economical in its current form and needs either higher copper prices or more definition to be a real asset.

The issue mainly was in the way he communicated that. His approach was atrocious and didn't help anyone.

I do want to clarify something here though. The bashing (if we want to call it that) was entirely self inflicted. Colin made several statements either in podcasts (wouldn't accept 10p) or we have 2m Tonnes (investor face to face meeting - I believe there is a recording) that he could not back up. Subsequently, the share price has dropped. The frustration here with erroneous and overly-ambitious forward looking statements by the CEO was entirely justified. We should remember that when looking favourably at possible comments in upcoming podcasts etc.

However, that being said, there is a lot of potential here and Colin loves a drilling season accompanied by multiple RNS updates. He has previous in Zambia too. So although history tells us to be wary of his comments, there is also scope for some positivity.

Hopefully the above comment is balanced and I'm sure Jez, NtM, Andrew etc. Will concur.

4.5p and I'll be back in the positive I meant to write.

We're back baby!

Jez, I second that. Many on here long suffering and deserve a bit of luck. Hope we hit the motherload. Around 4.5p and I'll be back. Can't quite force myself to average down after ploughing many thousands into Colin's XRF backed ploys way back when...

Managed to nab myself 600 quids worth to lower my average slightly. Wish I'd got up a bit earlier as would have got a bargain.

We now have control of our entire pipeline, something we didn't have yesterday.

A reminder that is it always darkest before dawn.

This is another duck which is being told to get in order.

I would imagine we are in discussions already, hopefully with more than one possible suitor.

Some news needs to be released to boost our share price. This is the real killer in negotiations. Why offer 200m GBP when our MC is around 20m?

The next 6 months here will be absolutely key. By Christmas 2025, we will all either be discussing the great 10 bagger of the year or moaning at the BODs incompetence to get a deal.

I always think of Pandion at times like these. They were offered 65m USD. Kept saying no and ended up being bought for 1.85bn USD.

HOWEVER, key to this is not just determination and sheer confidence in the value of our products. Dr Rahul Kakkar, when discussing the takeover, said that STORYTELLING is absolutely key. I sincerely hope that Parker is better than his chums on the board and has been on the blower to Rahul or others who have been bought out before. Learn from their experience and make it happen. We have the goods. Do we have the know how and the cojones to get it done. 2025 is make or break time.

GLA

Those 3 holes must have been superb as they didn't even bother to assay them...(If they did, they haven't mentioned it)

Good to see some progress on these. The sun is shining and Colin has given the order to drill baby, drill.

Onwards and upwards (hopefully - 500% increase required here to break even)

JDAU: if you can tell me of any exploration of note in the past two years, I may let him off.

(I don't count desktop reviews or outsourcing some study re Bushranger as "exploration")

Agreeing a buy in does NOT count as exploration.

Agreeing 3 in quick succession does NOT count as exploration.

Agreeing 3 in quick succession with (what seems to be) poor due diligence does NOT count as exploration.

(Dispute on the Zambia licences, now this. There has previously been ZERO mention of getting involved in a wholly new market. New precision metals / minerals and a wholly new jurisdiction is a huge change in strategy, with zero justification for it).

So no I don't regard any of his activities in the past year as exploration and continuous adding to our portfolio of dodgy licences is not going to appease me, a long term holder.

Just a load of blokes standing around holding rocks. One tiny grinding machine. A few sunglasses on show too.

One of the comments on a recent post is a message about a Chinese buyer.

Strewth. The dodgy sh** Colin actively decides to get involved in. Beggars belief.

I should take some photos holding a rock on the Thames foreshore and see if Colin wants it for 10% of my made up company for 500k. He'd probably offer 750. Absolute fool.