Member Info for flipper56

Nothing. Just a comment from the weekend about taking on new projects or whether to return cash in the event BR is sold. Or what % to be returned as cash. Colin has previously said he will pay out cash so I want him to stick to his word. Nor prioritize new projects over the current ones.

If Italy refuses to pay, someone said they would be in default. Is that a fact or an opinion. Given their current debt problems the last thing I would think they need would be for their credit rating to be impacted.

Don't think we will need to worry about Cyprus any more.

Jezzoo. Just read the Caerus RNS. You might be best off not asking Colin for investment advice
Tiger Resources shareholdings. Caerus Mineral Resources Plc 1,000,0000. 0780 78,000
Comes back to what you regard as "risky" . Regardless of geology the project still has to be doable.

Has Market Trader/Falky/Garbled retired to Monte Carlo with all his winnings ?

Years ago there was talk of using a FLNG but was expected to be around 2030. Then everything died when children took over our energy policy. Now it should be a national emergency and if Liz Truss wins she should crack the whip.

£40k of sells in 2 trades. Someone given up.

They need to get Shell or BP on board, develop a massive liquid natural gas plant on the islands and then we will no longer be wasting our precious foreign reserves on gas imports. But it will take a lot of political will and government backing. Not sure how much those companies still have invested in Argentina.

I had planned to put my shares in the bottom drawer but then realised I needed the wood for heating .....................

A £23.6k buy at 12.7p. Someone looks keen.

Good point about the labs being quieter. Will also free up drill rigs should we go that route.
Less exploration now will mean higher copper prices going forward.
Agree about the bottom drawer, getting very ugly out there. People say about a return to the 1970's. I can see the US making the same policy mistakes as the UK made in the early 1920's.

https://www.kitco.com/news/2022-09-01/-We-re-back-to-2015-Soar-Financial-Group-s-Kai-Hoffmann-on-a-bleak-junior-resource-sector.html
To adapt Hoffmann observed that the junior sector is pulling back, spending less and guarding what cash they have. The juniors are "...doing what they've always done. They're canceling financings. They're decreasing the amount of drill rigs they're using. They're just...waiting until this is over. And, I don't see much on the horizon that might change."

Had followed the Mankayan project for a while a long time ago. But never invested in it because it was in the PI. Have fond memories drinking Red Horse whilst being in a court case for a week in Baguio. The problem is you can get a mining license by paying the bribes. But the locals simply don't want their land destroyed, pollution, water used up, fully laden trucks speeding past constantly etc etc. And they have guns and are prepared to use them. And this problem is shared around the world. Chile, Peru, Latin America generally. Which is why I am happy that we take our time over BR and don't sell ourselves short.

Thanks guys for providing that. Your record keeping is impeccable and you deserve success for the effort you put in.
My later top ups at the end of 2021/early 2022 were based on BR being sold and a return being handed out in the form of a cash/share payment similar to the projects you mention. I feel others were of a similar position. I still hope this will be the case and the CB quotes reinforce what I had believed to be the case. If a deal is going to take longer due to reasons previously discussed then that is fine by me. Patience is a virtue they say ............... But at the end I still want a decent payout because that was what implied.
In regard to new projects, the use of the term "risky" is open to interpretation. Manica is an area we know. We have further exploration licenses in the Lachlan Fold. In the current downturn opportunities might arise. But it is becoming a competitive field. And to be honest I would rather put my money in one of Colin's other companies (or 2) than chase new jurisdictions so this is not an anti Colin rant.

Howezap "I did read a comment that we should concentrate on what we have and not take on any more. I say, there should always be a business plan.
What do others reckon?"
Normally what you are saying is totally obvious. Of course an exploration company should be taking on new projects. The problem here is that Colin has multiple companies with a vast number of projects and is no longer as young as he would wish. I have shares in other CB companies as others have. Why do I want more of the same ?. Plus investing in a safe country like Oz is completely different to say Zimbabwe which I personally dismiss from past personal experience. I am sure many on here wouldn't want to see money made from a BR sale reinvested in such locations no matter how great the geology.

Analytical. Appreciate the point about JORC etc but assume there is plenty of speculation on the Ozzie bulletin boards. Like you my gut feeling is the same. Sandfire seem to think so. I am starting to think the reason Colin is keeping quiet is that he doesn't want to let his enthusiasm get the better of him. But our "noisy" neighbours are doing a good job for us !

If Sandfire has similar results to Cobre with the licences we sold them, would that give us the maximum $80 million payout
(I appreciate the results are purely speculative). Also do we get $80 million for each license sold if they come up trumps ?

Given the markets, think we held up well. After a big rise there will always be profit taking. And most of the interest has been based on Cobre news. Hopefully we can match their success.

Thanks. Interesting observations. Shows how quickly it can happen. The grades are impressive but as you say, Oz is a safer location and current grades are generally lower. If AA aren't interested I am sure the Chinese will snap it up.
I am happy to just sit back and wait it out. Still hope for that big payout, preferably gold but cash would be acceptable !.

Interesting developments. They must be impressed with what they are finding. Bodes well for us even if the markets are looking to head downwards.