RE: Is BZT Colin Bird's last throw of the dice on AIM?23 Jan 2026 12:22
I dont think you, like most AIM investors, understand how junior mining works.
What Colin Bird has done is not the 'norm'
1) he has 5 (?more) AIM companies- Kendrick/BZT/Galileo/XTR/African Pioneer-
this is absolutely not the norm. he works off a deal he made in 2010 or whenever and is STILL using it
noone serious about building a resource can have a so many companies. even a younger energetic CEO would struggle with even 3 AIM companies
2) leading on from above, not only does CB have an 'unusual' amount of companies- each company has an 'unusual' amount of projects. Sometimes with overlapping interests like XTR and BZT in Kalengwa (do you even remember this- when he claimed to have had great assays from handheld copper studies and later lab studies showed it was not true- and before you say it- the handheld results were way out of the normal range of error- impossible rather than improbable).
When BZT was not going anywhere- he diverted to Kanye- (which, if you recall, had a conflict of interests)- we were told it was drill-ready- and this was proven not to be true. It has been 3 or 4 years- where are we with Kanye?
He moves from one project to the other like a hyperactive child will quickly get bored of toys. Typically- he will ramp a project, issue a placing when the price goes up, then you wont hear from him for months or years the project. Because he has 5 companies- the potential for income from placings is not insignificant. He oversells projects and underdelivers- every, single, time. The issue he has now is that the market is onto him now and the potential for his M.O are now significantly reduced
There are well documented models of how junior miners develop in terms of mcap/SP/placings etc- I suggest you have a look at them. CBs stable of companies do not follow the normal trajectories at all- nowhere close. They go backwards, sideways, diagonal, shake it all about....but mostly 1 sloooow step forward followed by 2 not-so-slow steps back
@MrT- yes not all negative- i actually think this may get back to 0.4ish. Looking at the other 3/4 companies he has- i feel sorry for them as I think BZT is his last play and the old ramping/placing cycle has run its course in companies like XTR (where he made *baseless* claims about potential buyout among other things which peaked the SP- which is now at 1/10th of what it was when he made said claims). CB has truly made mugs of investors for years and has got away with it due to the laissez faire regulation of AIM. If a FTSE100 company made claims about a potential takeover, the SP soared and the takeover did not happen- they would be asked to provide proof of any potential takeover and if they could not- they would be absolutely f*****- i am talking about prison sentence- not even a fine.
There are well documented models of how junior miners develop in terms of mcap/SP/placings etc- I suggest you have a look at them. CBs stable of companies do not follow the normal tra