Member Info for Gixxer-600

I'll certainly be vote against AF. The interview was a complete shambles and OUR money could be put to better use! - I urge others to do the same if they are not happy with AF's efforts!

Shame we can't vote andmillsy in, he's gone above and beyond in terms of PR for the company!

It's the latter for me Andrew, purely based on past experience with Bird.

>>Colin seems to have announced one strategy to the market via RNS and a definitive timescale in a public interview but he now seems to be following a completely different strategy and timescale.

Standard MO for Bird....

After listening again to the vid; particularly 'Now that's scary as well cause lets face it the capital is massive $1.5/2e9.' & 'We'll do a couple of studies and we'll say to Anglo we've started to mine'

It's possibly the reason why Bird has stopped mentioning the decision to mine route. AA could well call his bluff on this and, obviously, there's no way we can even begin to put in 20% of the cost of mine construction.

Sorry, that was incorrect he stated:

'If they can write to us and and say we wanna exercise our option and this is the value. We then have 10days to accept that, sorry 5 days. if we don;t accept it that's them now thrown their hat in the ring. And if we don't accept it we gotta go to a expert opinion. That expert I think he's got about 6 days, not a long time (that's another one of my worries that it might take forever) the expert opinion has gotta say what he thinks the value is. Now that's scary as well cause lets face it the capital is massive $1.5/2e9.' Goes on about the ValMin method.......

'Then there's that decision to mine, and you know I thought about that one (mumbles a bit) We'll do a couple of studies and we'll say to Anglo we've started to mine then they've got 10days to decide whether they want it. Then we give Anglo a value and they've got 10 days to say they don't accept the valve. then it's the same process again experts....'

'As has been stated by some that have heard from Colin in person, there is a ten day (I think)' - In the removed portion of the video presentation Bird stated it's only 5 days Howezap.

I've been a consultant at the same company for 9 years. Why? because I get my work done on time!

Consistently late, sure you do....

Really? - You accept that a person in a supposedly professional position should be given a break due to his personality?

So the person you've paid to build you a new house gives you a deadline and then misses it time and time again. That's fine though cause he's a bit old but seems to be a nice chap and your sure he will get it done eventually....

Would you accept a consistently late deliverable from someone working for you? - I assume you'd fire them pretty sharpish.

All I am saying is we all KNOW that CB is terrible at setting target dates. He almost always misses the dates he sets because he is too optimistic. - Is that really the point though? - Why should we have to apply a factor to a person who is in a professional position but is not acting in a professional manner...Especially when that factor can be anywhere from 2 months to 5 years!

Steve, I was heavily underwater for many years so it was either sell, at a loss, or hang on.

I had actually been reducing my exposure here and will continue to do so if/when the sp moves back upwards...

Let's see if your tone changes a few years down the line Steve.

Bird's methodology has not changed at all in all the time I've been invested here, it's not just about forgetting past events. It's always been 'Shareholder value is just around the corner, trust me'. A 'This time next year Rodney attitude'.

All his past purchases were going to make it for us, all were going to be online in a timely manner and yet none, Alluvial aside, have made us money to date.

'I know it is frustrating when we miss "deadlines", but those are really just arbitrary dates given by CB in his usual over-optimistic way.' - It's frustrating to me Steve as he's been doing it for 8 years with 10's of millions raised and massive dilution to LTH's.

As I've mentioned some projects are years and years behind schedule, for sure I can see that happening here to.

The only upside now is that, finally, Manica is ramping up so he will, hopefully, dilute us less!

Now you've got me looking through old RNS's - Way back in 2019 Kalengwa should have kicked off.....

Colin Bird, Executive Chairman said: "I am pleased to have completed this processing arrangement which makes immediately available to us, relatively high-grade dump material for processing. We will also commence exploration operations to identify the possible extensions of the open pit ore both on strike and depth.



On signing the agreement, we will recommence operations and advance to the initial operation. The initial operation will be upgraded to a mechanised sophisticated ore sorting system. During this initial phase, the Company will explore for extensions of the open pit both North and South. The results from the exploration will determine the size and operating requirements of a larger operation. We will also assess the possibility of dewatering the former open pit with a view to access the high-grade ore left at the bottom.

But XTR were moving forward from 1st June way before that RNS Steve - Drilling plan was already, allegedly, complete by August 13.

· Initial planning for drilling program completed and permitting process under way

'To be fair, we are a while off two years here.' - Deal was done ~25months ago Steve.

https://www.lse.co.uk/rns/XTR/bushranger-copper-gold-project-australia-o7u71uhdwbdy9b9.html

'Another possibility here is that the delay is deliberate, rather than unintended.'

- I don't think it's that for a second Steve. In his latest interview when pressed why he did not meet the deliverable he actually stated 'we are not late' (I mean WTF at least admit it, his ego just won't allow him to admit mistakes...)

His gob got overly excited with stories of 2Mt in the bag at racecourse alone/ possibilities of 1e9t and he's now having to do remedial work to make RC viable IMHO.

Kalumbila was sold off sharpish in less than 2 years with minimal drilling. His plan was the same here IMO but it hasn't worked out as he expected...

Sounds like Joel needs another new calculator....

Not sure if its true but Jan told me via email that he fired JS for mistakes back in the day. CB reinstated him after he left.

Just had to go for an 8k run/hike to try and digest such underwhelming - Nope, still completely at a loss as to why Bird would release such big news with a one liner.

As other have mentioned Alluvial results were better than I'd expected so not sure why the delay...

For us, FB beginning to process is transformational - Yes there maybe some teething issues as processing ramps up but the bigger picture is we massively reduce the requirement for more cash calls and can use the $$ generated to progress other assets.

How could Bird miss such an opportunity, would have been the perfect time to give a detailed overview of the further potential at Manica. Complete Idiocy from CB IMO.....

'sounds like he wrote it on the bog' - Indeed, the company should take a look at what Empress did if they are lacking imagination!