Colin Bird's falling house of cards- the grand finale?28 Mar 2023 03:07
We are used to hearing near radio silence from Colin over the summer- he seems to escape the oppressive Emirati heat and relaxes (with YOUR money) in Europe. 5 companies in AIM and we barely hear a peep from any of them during this period.
This mean he typically ramps either side of summer. Except this time its different. The market isnt as bullish as it was before and it has grown fatigued of Colin's **** . Not even a ramptastic interview on Roast and some bullish RNSs can create any sort of enthusiasm. You can hear the desperateness in his voice on his most recent interviews as he is desperately trying to create another big bump in the SP, of the back of which he will raise money from a snap placing, and then he gets to keep the company running and of course, most importantly, the salary that allows him to live in expat luxury with our money.
He must be having sleepless nights now that nothing he seems to say excites the market anymore
All his businesses are stuck in thick mud now it seems- all turning into the usual blind ends that are characteristic of Colin Bird companies. Its not just in XTR- its well worth spending some time and seeing whats going on in the others.
I dont think it is a unreasonable to extrapolate from other companies ran by the same man.
BZT is maybe the best example- CB ramped a Cyprus project that was finally going to give BZT some cash generation- the partnership was dissolved a few months away from supposed kickstart of the project. Likewise, Mankayan in Phillipines- ramped hard by Colin Bird- the original partner pulled out. Kalengwa (known to XTR as well)- gave some suspicously high hand held assays which were later shown to be **** when the lab assays came back. Kanye manganese, was bought by BZT- eagle eyed investors realised that CB was also a director of the company that it was purchased from- he claimed it was 'drill ready'...2 years later. That leaves BZT with Hope-Gorob copper-gold- they have been drilling there for 2.5 years 'allegedly'...in true Colin Bird madness- he has applied for a mining license when they are nowhere close to any sort of mineral resource.
XTR, Galileo etc etc. Its the same story as above. How can one man be so unlucky that all his projects run into major problems or fall apart. As I said in a previous post- either 1) he does not do due diligence 2) the projects have little real potential and are just designed to keep investors hooked so he can keep on receiving a salary that allows him to indulge in his horseracing hobby and live the life of luxury in Dubai. Either way, its not good.
How long can the AIM regulator keep on ignoring email warnings flagged up by people? They will be hung, drawn and quartered if anything materialises and it was found that they did not pay heed to investors.
I really have a feeling we could be seeing the end game of Colin Bird and his nest of so called 'businesses'.
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