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They'd be far better off, or any company for that matter, putting an an offer that would have to go to SH vote. Who would say no to 6p ATM?!?

A reminder:

https://youtu.be/1oWPcWmRvUo

>>capability late Oct 22 ish versus a cut and paste I did from an Empress presentation around then saying year end ish for that.... So he was originally overly bullish on Fairbride, for the record.

TBH those, to me, minor BS comments I can forgive.

Now telling, shouting from the rooftops, SH's that we have a T1 asset and that the 2mt was in the bag at RC alone is unforgivable. The current SP is a clear statement that the market no longer trusts CB in any way. As others have said, really time he brought in a replacement.

So all the news we were waiting for is out now. I wonder if Bird will buy shares on the open market now (Kev, of Roast fame, mentioned Bird did want to buy a few months back )

The copper price rose on Friday as investors hoped that China’s efforts to bolster its economy will improve demand for metals.

Copper for delivery in March rose 2.3% on the Comex market in New York, touching $3.91 per pound, or $8,602 per tonne.

The most-traded February copper contract on the Shanghai Futures Exchange rose 1.5% to 65,060 yuan ($9,460.25) a tonne.

Economists and analysts believe policymakers in China will roll out more support measures to stimulate demand this year, as part of Beijing’s overall goal to bolster the $17 trillion economy after a sharp covid-induced downturn.

The probable modest demand recovery in the property sector will propel the demand for industrial metals.

The sentiment was also buoyed by news that China will reopen on Sunday, welcoming international travelers and returning residents without the need to quarantine for the first time since 2020.

China’s southern manufacturing hub of Guangzhou plans 1,722 projects in 2023 worth more than 6.5 trillion yuan ($945 billion), state media CCTV reported on Thursday.

On the output front, Chile’s total copper production fell 6.9% in November to 449,000 tonnes, government body Cochilco said on Thursday.

https://www.mining.com/copper-price-rises-on-china-led-demand-hopes/

*we can't - 'I know we can believe what Bird states anymore' :)

Lucky520 - Funny you should bring that up, I listened to the latest Roast podcast gain last night.

I know we can believe what Bird states anymore however he does say the near surface section of the mine will have a life of ~11 years. He also states CAPEX would be paid off in around 4/5yrs.

Hopefully we can expand on the near surface deposit in the next 6m or so.

True enough Andrew - I guess is it that time of year that the taxman comes calling too! (if you're self employed)

>>So think we can probably expect a interview tomorrow, let’s see

I don't think it will be an interview with CB. Kevin also stated: 'No it’s our twist don’t get to excited !' With reference to someone expecting news inc

Got to be ~£300k's worth sold in the 200/250k batches over the last couple of months. I'm beginning to to think it could be the chaps down in Auz. (which is worrying)

Anyone recall how many shares they had?

I'd love to know who's selling at this value? - Roast boys/Aussie's/Pi@@ed off PI's (The latter I think not as it seems to be the same seller?)

>>we thought this was a golden goose - it's what the whole market was led to believe by Colin Bird.

I, for one, really wonder why the FSA is not chasing him for his comments to the market!

Really, it should be stated that Roast/Zac 'interviews' are a 'Paid Promotion'

>>I believe is in some way paid for. - They are paid in shares I believe.

Good post Andy. Shame XTR cannot seem to put together such presentations.

Interesting to note their progression over time:

2016 Maiden Resource
• 1.4Mt contained copper at
0.15% cut-off
• 529Mt

2021 Resource
• 53% increase in contained
copper at 0.10% cut-off
• 2.84 Mt contained Cu
• 1,180.6 Mt
• 48 Mo (ppm)

Obviously these projects take time to mature. I think most of us, early on, expected a 'quick' turnaround and sale. The above highlights more time is required. CB's forward guidance obviously has not helped in at all, especially with very few of us having experience of porphyry systems.

The latest interview was far better. CB must prepare for these interviews and, more importantly, temper his excitement.

Hopefully a decent sale in circa 12m time and we will all have forgotten this.

Iceberg been quiet re the Ascot MRE (Although, he sort of already called it in his latest blog). Are you still around IB?

These consistent ~250k sells must be from entities paid in sells?! - If it's a PI they must be selling at a loss down at these levels...

Commodity analysts at Bank of America are cautiously more optimistic that copper prices will see a recovery in the second half of the year after a disappointing start. The bank sees prices potentially pushing above $12,000 per tonne.

"We maintain a cautious view into 2023, expecting prices to average $7,500/t ($3.40/lb) in the first quarter, before rallying to an average of $10,000/t ($4.53/lb) in 4Q23," the analysts said in their 2023 outlook.

Along with Bank of America, Goldman Sachs is also bullish on copper as it looks past near-term weakness. In early December, the financial institution upgraded its 12-month copper price target to $11,000 per tonne, up from its previous forecast of $9,000.

Goldman Sachs sees copper prices averaging 2023 around $9,750 per tonne, with the average price jumping to $12,000 per tonne by 2024.

'Ok so greens here to stay but electric cars at 30/40k are too expensive for the average Joe' - yea, but hardly anyone buys a car new these days, most rent/lease.

Me?! - I spend my money on bikes and drive around in an old van :)

If only Bird was so candid in previous interviews I imagine the SP would not be sub 2p - Still Has taken no responsibility for the SP being so low, when most of us who post here feel it's somewhat down to his previous 'over-exuberant 2mt in the bag comments.

Cleared up a few issues in terms of where we go next. more drilling a possibility, which I am content with if the geo's feel it's worth it. Extending the near surface 'high-grade' volume would help the project no end, hopefully $$ is in the bank from Manica by the time we need it. (April next year?)

I don't think the sp will recover much any time soon tho, CB has lost a lot of credibility over the last year. That's not going to recover anytime soon.

0.19mt was not far off my 0.2mt est. - Could be argued that that alone pays for the plant? - RC free?!