Colin Bird- the man who cried wolf11 Apr 2022 01:32
Normally you would expect a resource such as what was announced recently to propel a company forward. I believe it hasnt because of Colin Bird.
1) This time last year, he claimed that he had discovered a very rich vein of copper in Zambia. My suspicions were arouse immediately as it came out of nowhere and when his back was up against the wall as investors were watching the SP fall. The SP almost doubled after this (and SOMEONE made money for sure), only to find out later, that the assays, as I had rightfully predicted- were a damp squib and not what he claimed they were. The lab assays were way out of the range of accuracy as the 'alleged' hand held ones. Imagine being an under-fire drug company CEO- when you suddenly come up with a drug which claims it is 99% effective in curing covid- the stock rallies takin the heat of you- then some months later we find out it is actually 2% effective. Thats what happened in Zambia.
2. They know a placing is coming- Bezant is NOT a cash rich company but is operating across 3 countries/sites now- (or at least claims it is- who knows what is really happening on the ground). Colin Bird has a history of unjustified ramping followed by a raise. The pattern is so predictable now. As said before- the idea of making a development plan for a mine when you are nowhere near a JORC is particularly laughable and is similar to the big talk Colin Bird is known for.
3. It should be interesting to see what assays come out of Hope, its been a while now- and we havent heard even hand held assays. Also, if we do get good handheld assays- lets see if they turn out to be false flags again.
4. For those who dont know Colin's history- have a look at his 3 main AIM companies- BZT, XTR and GLL and look at how they ALL have had a downward trajectory in SP since Colin took over. Then figure out how much salary and other perks he squeezed out of those 3 companies from his tax haven of UAE.
Proceed with caution