Member Info for Gixxer-600

Investors are waiting for some idea of grades, simple as that IMO. Doesn't matter how big this thing could turn out to be if the grades are not commercial - The longer Bird drags this out the more the SP will drift.

Yes, it appears there are delays in contractors getting through assays for a few companies but it will be 4 months, next Friday, since the completion of H2.

Just release them CB and get it out of the way.....

Agreed, its all agenda driven. Some want the poc to go up, some want it to go down. Some just want the exec chairman to do what the fcuk he said he's going to do....

Good pint LH - Would eb certainly easier to buy that many than sell

Thanks for your insight Ella10.

A4444 - Personally I don't hold much value in CB buying shares, especially only 2e6 - He's an extremely wealthy man and the 100k or so he bought in shares recently is, literally, peanuts to him. A 5/10e6 share purchase would have sent a real message to the market IMO

I'm in agreement on the second paragraph especially having gone through the old RNS's (below) quite bullish indeed (even H2) however, CB does like to take a chance.....

- "We are encouraged by the results of the first two holes which have exceeded our expectations with regard to the extent of the mineralised envelope at the Racecourse deposit.

- The copper-bearing interval in this hole [3] was considerably longer than anticipated, suggesting the possibility that the deposit may be significantly larger than first thought.

- We are pleased to report that Hole BRDD-21-005 has, as anticipated, encountered visually similar mineralisation to that seen in hole BRDD-21-003.

Drill hole BRDD-21-006 was drilled to the north from the same pad as the previous hole, BRDD-21-005, but angled to drill obliquely through the mineral zone, aiming to provide an intercept across the deposit at greater depth down-plunge. The hole has been completed at a final depth of 990.15m, having passed through the full porphyry deposit sequence, with the central potassic alteration zone intersected from approximately 570m to 880m downhole. Chalcopyrite-pyrite-pyrrhotite mineralisation was encountered throughout the potassic zone, similar to that reported for previous Phase One holes through the deposit.

So all reads pretty positive really, even H2 so maybe the grades are not too shabby there.

Logging and core sampling work is continuing and laboratory assay results for the second hole of the programme (BRDD-21-002) are expected shortly, with results for the remaining completed holes to follow in batches. The Company will report on the assay results as they are received and collated.

The crux here, for me, is the term 'collated' - I assume this is the geo's using the data to build up their own model. They could have actually had access to assay data for months now without needing to release the info. Any issues from the AIM Gods and they are covered by stating it had yet to be collated. Could Bird have released this info to the latest investors, or at least given a hint in order to carry out the recent raise?

The way I see it - we should have the complete picture of P1 by end of June so not long to find out if it's boom or bust..

Just been browsing through the hypotheses questioning why assay's are so late; all are valid really and all we can do considering the lack of news is guess... I guess.

Had this been last year I would have expected nothing less from Bird considering his delivery record prior to then. His change of pace in terms of deliverables was, ofc, welcome - A new leaf seemed to have been turned - and I hope the company is indeed just collating all data to release in one go.

My personal opinion, clouded by what I know of Bird, is that H2 sucked in terms of grades and he's planning to bunch them in with, hopefully, better holes/grades. My biggest fear, again having a long history with Bird, is that P1 did not at all pan out as he's led us to believe (grades ~.3-.4%) and he's taken a punt diluting us to get more cash in the hope a P2 run of drills will deliver something close to the 2MT target.

I really hope this is not the case but I have very little trust in Bird after all these years; yes I am still in and not sold one of my 11.65e6 shares. With the potential, potential it would seem stupid to sell now so I remain in for the 'big bucks' should this pay off.

The above probably comes across -ve to many of you but I've been invested with Bird some time now and have learned to hold little value in what he says he will do.

P.S. what are readers opinions re: the '3-way' that does not appear to have materialised? - Do you think the geo's are not willing to go on record regarding what CB has stated to date or are they just waiting for a fuller picture?

GL all

Sort of.

Joke....

Bird bailing on his recent buys maybe.....

That 2e6 (2m for CE) sell must be a transfer of shares, no? - The most I've ever been able to sell, recently, has been 800k

'what we will need over the coming months is a good salesman/negotiator.' - Exactly CE, and I agree; CB will be good at this. I also get the impression he likes to be doing research, looking for new projects etc, he's good at this too.

What he's not good at (IMO) is the day-to-day running of the company, dealing with contractors, shareholder concerns (when was the last time anyone had a response to an email??), ensuring deliverables are met etc. This is where a CEO would/should excel and that leaves CB to focus on what he does best.

Steve4077 - I'm not sure CB will be considering the impact. CB has stated a few times that it's not his job to look after the SP!

All fair comments but:

Why publish XRF/assay's for H1 and then hold off (ofc I'm assuming they are holding off) on others if they are similar in grade.

It's just the inconsistency that's bothering me and past experience here tells me if results are 'late/delayed/not mentioned' it's usually Mr. Bird avoiding presenting bad news.

'...expectation is of grade between 0.38 % to 0.45%'' - I actually missed that statement in the interview, seems pretty specific...

I would hope so A4444 but , as legacy holders, we both know CB is prone to running his mouth off and stating non-facts.

If assay results have not been released then surely CB has little more knowledge that we do in terms of grades?! If he has had feedback in terms of grades then why has the market not been made aware?

Let's face it, if the xrf results were really good he would have released them....

I've always had the feeling that H2 was a bit of a dud just by CB's change in tone compared to H1 (He did mention at the time that the hole was a bit of a risk) - That mixed with the company choosing not to release XRF data is making me suspicious (not hard for me when CB is involved tho).

I can't think of any reason why, after almost 3 months, assay data has not be released for H2 other than they are not the best and therefore, the company has switched to a batch release methodology.

With P2 commencing in the next few months & the African assets, finally, hopefully, (barring anymore 'misunderstandings') generating decent cash soon. Is it not time we had a dedicated CEO onboard running things, surely we can afford it now?!

5 February 2021
'Hole BRDD-21-002, the second hole of the planned drilling programme, was stopped at 899.4m depth as copper mineralisation diminished towards the bottom of the hole.'

Three months since the above RNS was released. Are we really supposed to believe assay's for H2 have not been completed and released to the company?

Can't be Ella - He mentions that hole 6 is currently being drilled....

1+1 - 'That worked out quite well for shareholders as the deal was part cash part Sandstorm stock' - I was heavily invested in Mariana when they got bought out. I did very well out of the sale (6 fig profit) but it was no where near what it should have been (As I recall some drill results were showing some gold intercepts over 110g/t). I voted against the buy-out but the vote was, overwhelmingly, in favour.

In that scenario Mariana didn't even complete drilling before the buy-out once the II's had taken notice and started to move in, I do expect the same thing to happen here should assays yield decent %'s.

Can get a quote to sell 600k shares @ 6.7p tho