Member Info for Gixxer-600

Not sure what to make of the RNS really.

Be interesting how Bird will explain away the 10p 'I'll tell em where to stick it' comment should the BR sale be sub <10p.

As another misunderstanding no doubt....

So; based on Bird's Clarification of the 'Misunderstanding' at the AGM are we to now assume the 'imminent' total resource update will show 2MT? - Or will that be a misunderstanding too?

It was fairly recent so he must have known the final figures, let's say with 90% certainty?!

Tnx for the clarification Andrew.

>>I think it was just another ..."Misunderstanding " :) - And why am I not surprised...

Isn't he on camera stating RC has 2Mt and is a T1 asset?

After being here many years and hearing it all before I liken Bird to an unscrupulous used car salesman. He's sold you a dud vehicle, and is a master at spinning you bul1**** just to get rid of you to then chuckle behind your back when you're appeased by his words.

Not just at XTR, but across all companies he's involved in it's generally a shambles, He cuts corners and does not carry out DD in a manner that should be done. So many failures he's over the years, and every one was a winner according to Bird...

The, possible, saving grace we have with the BR project is the team down in Aus. To date, IMO, they have done a fantastic job and I imagine the upcoming reports, whatever the final value, will have been diligently compiled! (I hope they keep him away from it as much as possible)

Not long to wait, the reports should be 'immanent' but don't expect him to explain/apologise for his previous misleading statements.

GL to all invested!

Yes Steve, we've all heard this story before. Maybe just cut and paste next time.

I was also a CEO that worked on multi billion pound projects, until I retired this year at the ripe old age of 51.

O/

I imagine a quid a share would make you a very wealthy man A4444 - A beach house and a Chalet in the Alps for starters!

I would even suggest it's probably in our/the companies interest to release the updated models to the market first. It will give other interested parties time to digest the data and, should AA decline to evoke the contract, could mean less lag before another offer come in.

AA have first refusal anyway. the Asset goes nowhere without them making a move.

Hasn't CB even stated this himself? - Something like 'If I were AA I would put in an offer before the data is released'

Okay, so based on what you've stated; information of a material nature, possibly disusing a valuations in the billions of dollars, would be passed onto AA for them to peruse at their leisure. All before a release if that information to the public and entering into any buy-out negotiations.

It's still my opinion that the BR proposed valuations have to be released via RNS first.

I would suggest following the official release of 'material information' negations between parties can be kept confidential and fall in line with 'MAR 1.2 of the FCA Handbook'.

We have seen this on previous occasions with other companies. Notably with Cornerstone making an offer to SOLG following the release of a resource update.

Exactly, you own 1m shares in AA and you find out, prior to an RNS, that AA will dilute to buy BR. You'll sell short term if you can get away with it.

Flip side, you own 20m shares in XTR and you find BR is not commercial. You're gonna sell if your not on the board and your sales are not directly monitored.

Yes, but AA and representatives who are involved in meetings and presentations will know the value of RC/BR before the market does.

There's nothing to stop those individuals 'in the know' buying or selling shares in AA or XTR.

ZM, I doubt very much AA would, officially, be privy to such info. Wouldn't that, effectively, breach insider trading rules.

"I notice that there must have been another "misunderstanding" re the "definitely got the 2mt "comment. He apparently was talking about the 2mt in ALL of the licence" - must have missed that comment.
As i recall, in the removed section of the presentation video he gave last year he actually circle's the RC area, with a lazer pen, when he states the target will be reached. He also stated its a T1 asset and that the mine will run so long mist SH's will be dead before the mine is barren. With the latest 25y statement I definitely hope I'll not be pushing up daisies so soon!

I should qualify that my numbers are for a pay out. I'm assuming the company will not divvi the whole BR sale value.

I just hope Birds ego doesn't further dilute us into another round of drilling or indeed another half arsed due diligence projects.

Agreed A4444. My thinking now is 8-12p

Fair enough Jezz - I'll get back in my box.

o/

Kwak gets a lot of bad press, but, if you're all honest with yourselves he's really not that far off the mark.

What have we seen from Bird across all the companies he's involved in - huge dilution, missed deliverables, sometimes by years. Consistent misleading statements to shareholders, millions blown on his next, 'this is the one' project that then get dumped...

Yes, he made a sale once, but was was his track record before? - It seems he is blowing share holder money looking for one more asset to prove he is not a one hit wonder. Will BR be that? - It's looking OK, but possibly nowhere near the BS he's been feeding us the last year.

In the last interview he backtracked on the 2MT he'd been spouting was a given - halfway through the interview he also suggested in was the interviewer's words that it was a 'tier one' asset despite him saying it himself numerous times. No mention of Ascot?!

The question is, how off the mark from his comments is BR? (Remember how great Eureka was going to be? The Alluvials? (our partner actually sued us at the time remember?) The satellite HR mines? - We will find out shortly but with Bird's history it I doubt it will be anything near what he's told the market....

*steaming