Member Info for Joeman1

You might be right IWTO.... but as you say, if it isn't that zone to the east, I can recall seeing any information about it

IWTO - If you look back to the RNS for the IP surveys, there is a spread out to the east around 2/3rds of the way up the original Racecourse ...... It was discussed in some of the interviews around the time (cant remember if it was discussed in the technical model review) and then it hadnt been mentioned since.....

Im guessing now they've hit the jackpot to the SE, it time to do the same to the North East.

EU.......
"The treasury is ample for all we have to do"

He did say this right at the end.........

Also id say, he has suggested in this interview that they wont be sending off the >2mt message until they have a better idea of what they have from these 3 areas..... So there has to be a 3rd phase drilling campaign set out and started to do that. Maybe the delays in the Assay results have helped us in this regard.... otherwise we would be holding all the information and there would be criticism of market sensitive information being held back. This way we can arguably now say that the story is under development.

Still wouldnt mind the model review (without assays) but I am happy not getting the 2Mt announcement for a while..... What are everyone else thoughts on this?

Now testing to the extreme North and East...... So is that the anomoly to the east that they seemed to go quiet on?

Love the story being something that you can follow like this. Keep the story coming Colin and keep drilling.

Who knows..... a Kempston or a Cheltenham may follow......

But yes it does look like they hope to find a third...

they want to keep their posting numbers in single figures rodders ...... simple explanation

What a finish to the week..... announcement of a new Porphyry system on the thursday ......

Imagine if Friday announced a model review that shows that the original Racecourse alone is greater than 500mt of rock.... AA wont know what way to jump to offer a "reasonable" sum for this now......

Keep drilling Colin.....im hoovering down the back of the Sofa to get some cash to help you with that.

Dont know Steve, it could play out as follows.

Slightly low first offer.....pushed back and both sides go to 3rd party valuation... defined delay period to allow the assessment ... second offer is closer but still too far for agreement. XTR can go to the market at that point..... but AA can hang about, maybe offer an extention to the exclusivity... that could add months.

Thing is this is all speculation on my part, but the only thing moving during this time is the known value of the resource ..... which is going up...... and the shareprice, that will be doing the same (hopefully). We just need to make sure that the company keep drilling through all of this and we will all be quids in

I think AA passing on this would be a good option, but would they straight pass? Even from AA's point of view, they would want to stall BR going on the market..... as the pinch gets tighter and Copper prices rise, along with increasing size of the resource from continued drilling.... the eventual sale price will only increase with time...

AA are gonna want their competitors to pay as much as possible imo..... so I cant see them just giving us a straight pass..... even if they have no intention of actually buying.

On your point Cygnus...... At the Investor Evening, the presentation showed a clear suggestion that 1bn tonnes of rock was a potential target with the other areas of interest..... so I think our size wont be considered small in anyones eyes...

thats my take on this anyway

I cant speak for the other shares, as Ive never held them, but the one example I do know about its XTR.... I was originally in it around 2017-2018 ...and it was around 2.3 at the time.... Post Consolidation ....
Preconsolidation it has spent literally years at sub 0.5. including the month of August 2016 where it spent much of that at 0.05..... so I struggle to understand where you get 12.5 from..... is it derived from the Dark Matter that we cant see in the universe?
On his managing of XTR, you could point to the fact that pre Bushranger the shareprice stayed flat for over 2 years..... but that would miss the continual increase in Market Cap over this period and the number of projects (new and old including Bushranger ) that were quietly developing and increasing the potential for a re-rate.....

Statistics can often be played to whatever tune you want.... but when you make up the numbers like you have just done, you just sound like a lot of nonsense.
So on the basis of the ridiculously incorrect numbers you are quoting for this, Im going to have to give your advice a wide berth.....

I think this is like a watched Kettle.... we watch and wait for RNSs that we are expecting frequently and so a few days longer than we expect seems to be be a drag. It has been 2 weeks since the last Assay result were RNS'd though.....

I am hoping the slowing down of RNSs (and we are now 2 weeks since the last assay release), is due to the focus on the updated model. Why process information coming in for piecemeal release to market, when you can incorporate it into something more meaningful.

Seems plausible to me.... but aware im putting a rose tinted lens on it.

Fair Point Basscadet.
Thank goodness its improving.

Cash position improved by @£1million from previous 6 months.. I know thats from additional investment and not from profit but why is the cash position worrying when it has been improved?.... Am I missing something?

Reducing losses on increasing revenue too.... and expectation of this to continue to grow.

I dont think it's likely that an updated model now won't achieve 500mt..... Remember Colin has already gone too far in alluding to us being there already.....
I think an early model of this now would be just what the doctor ordered.

No chance of us drilling Footrot with the last metres of this phase im afraid..... it wasn't on the approved drill plan. But it is far enough away to not complicate a BR sale if we wanted to hold back on it for later exploration.
Would definitely like to know we have plans for phase 3 early in 2022..... I feel that this type of news would definitely be well received in a Colin Bird interview.

Map opens Andrew.... that line is almost too straight.

I had a quick look for bradley@arc..... couldn't find him. Have I gotten the tag wrong?

I don't disagree NtM, but I feel that would require the BR 2mt Cu Anglo clause to fall a certain way. Plus, whoever buys BR will (i imagine) want the adjacent copper too... they wouldn't want a competitor just over the fence (imo).

I think more likely one big drilling campaign (like the one we are just concluding) to start early in 2022 and timed to take place over 6 months, to keep the true value target moving upwards just at the point where AA (or someone else) starts to open negotiations. They then need to offer higher to buy something that can be making jumps in value every couple of weeks....
It will be easy to challenge/refuse a low ball offer if there is a constant stream of positive drill and assay results coming in.

If its my scenario, the jumps in shareprice will happen before the summer.

The RNS that identified the delay in the DFS stated that both the report (that was still to be completed) and the DFS would be delivered in Qtr 4 this year.

Im happy waiting another 4 weeks (well 3 and a half) without news, but it would be very easy for the company to put out a positive tweet confirming that progress on these 2 items remains on track..... Just a thought.

I am still positive, but it is always good to get little affirmative updates.

IK, from some of the presentations, interviews etc some of the dumps are tailings from processing and some are from mined unprocessed rock.... hence the very high copper values in some of the areas. I cant remember if it was a midweek or sunday roast that had both Colin and the Caerus CEO on to talk about the XTR JV, but there was some good technical explanations as to how the weathering over the years has caused some Acid Leaching in the dumps and subsequent neutralisation in the run off has lead to really good zones of high mineralisation.

Im not in JLP, only XTR and BZT but im not surprised JLP has had a lift from this.

If anything it does show that Colin has a nose for exploiting Copper