Member Info for Chris0610

“Those copper grades are 10 times better than Bushranger“

Encouraging results, but Bushranger is a Porphyry so not even remotely comparable.

The old boy can have a pass for the last couple of weeks if he’s been off on his Easter holidays. Cause for concern if we don’t hear a peep next week!

There will be Q3 production update by the end of next week, we’ll be holding above 1.5 after that.

The reason the market values Bushranger as nothing right now is because with a mineral resource like this it’s quite literally all or nothing; it’s attractive enough to be bought, or it’s not. Unfortunately we can’t attribute ‘a little bit of value’ just because SOMETHING is there. Also, when Colin was touting 2mt every other week the AA buyout clause was seeming a potentially advantageous way to quickly realise value. At under 2mt and with Colin even seemingly alluding to the complexities of a ‘decision to mine’ now, it seems like the AA clause has become more of a pair of handcuffs.

Is anyone tempted for a top up at this price? I’m struggling to see that there’s more downside than upside potential at this price!

Good news would be nice but the rise has been sustained for a good 2 weeks now. I think we were massively oversold here on Bushranger news, with no appreciation that a share price higher than current is justified on gold production alone.

…is a funny thing. I’ve spent my days since Bushranger wondering just which RNS it will be which will light the fire under the share price. All it took was a month of silence! Albeit from a low base. I’ll be sitting tight for another 18 months or so in the hope of realising full value here.

The Podcast being disappointing is a gross understatement. I’d go so far as to say it continues to add to the deceit and delusion. “Bushranger has achieved everything we wanted it to achieve and more Zak”. The guy completely lacks any sense of integrity or is completely deluded as to the extend he has been stringing investors along with previous comments.

If you completely ignore everything CB has ever said outside of an RNS then this is still a fantastic resource with massive potential. Worst case scenario I think 2mt could still be proven across the license through self-funded drilling, albeit the timescales will obviously have to be adjusted accordingly. The share price has been punished due to CB credibility [rightly] being shot to pieces, but the fundamentals and what we’ve got in the ground haven’t changed. I will be holding, but following less closely for my sanity over the next few months.

Not what we had hoped for but alas, what a lot of us had expected deep down. Colin was so sure of 2mt from just Racecourse before Ascot was even discovered. It’s now clear we will fall well short with both combined. I genuinely don’t know if he is so wrapped up in his own optimism he doesn’t even see how misleading it is (albeit in interviews, not via an RNS). Overall, I still see a good return here and had already lowered my expectations to 10p, but now anticipate we could be waiting another 12 months for a return, and potentially more self-funded drilling.

Oh Colin, why do you do this to us?!

If the Commodity Discovery Fund indeed has/will be buying into this, I would imagine the accumulation would be happening around about now!

15p, comprised of 12p buy-out and 3p residual share price. That’s my pessimistic view to counter Colin’s constant over exuberance.

I’m afraid I can only spare £0.09 a day and I prefer to dollar cost average by buying every single day. I ignore the £5 per trade charge from my broker because that will be far exceeded when the market finally realises the value of this asset.

I much prefer ‘economically recoverable’ to ‘decision to mine’. Alas, I’ve largely stopped listening to what Colin has said outside of official RNS’s

Despite Colin persistently blowing smoke up this that 2mt was essentially a nailed on certainty, I think most here are of the opinion that that now won’t be the case, even when the Ascot drilling to-date is included.

Regarding decision to mine, do we have confidence we are approaching this? We will have an updated pit model plus what is likely to be <2mt resource across Racecourse and Ascot. Does anyone actually know when a decision to mine can feasibly be declared along the exploration timeline? Who’s to say this wouldn’t require pre-feasibility/feasibility? My biggest concern is that we get the pit model plus MREs totalling <2mt and are then just stuck in limbo. Nevertheless, I topped up significantly recently on the basis that all other assets underpin the current share price, regardless of Bushranger.

Significantly increased my holding here today, would simply be rude not to at these levels. I’m not a technical trader, but the current price also seems to be significant support and hasn’t really been broken for the last 2 years.

I have no idea what that April/May indication was supposed to achieve. Most of us questioned it immediately when it was mentioned but I still don’t even know what that was alluding to? Deal? No. End of drilling campaign? No. Racecourse model update? No. All most of us continue to ask for is just some degree of management if expectations. My latest timeframe is now end of year to hopefully get a decent indication of that total package we would be looking to sell, and to whom.

Completely lost, I thought drilling had started end of last year and then a short pause and restarted. Has nothing been drilled up to this point?

Just the mere presence of the big man down under and the appetite of the market is whetted!

I had put the volume increase down to bed and ISA action.