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Clearly Colin has not been able to resist making those "hasty decisions to acquire new inferior projects". Too many have benefitted from those deals whilst shareholders have paid the price.
It looks clear now that delivering shareholder value is very low on his priority list.
US$8,000/t, US$9,000/t, US$10,000/t and US$11,000/t were used in the study.
these 4 pricing scenarios were then used at both 20mT and 25mT giving 8 shells.
These 8 shells were then used at 0.1 and 0.15 cutoff giving the final 16 shells.
All were cash flow positive if CAPEX was excluded (i should bloody well hope so).
Some had the potential to be economic if CAPEX applied depending on amongst other variables PRICE.
I conclude that non were economic at the 8 lower priced shells (US$8,000/t, US$9,000/t)
I conclude that the higher priced shells have potential if pre concentration applied successfully (US$11,000/t).
I conclude The US$10,000/t is around breakeven. My conclusion is based on my experience of Bird Speak accompanying the report.
We need to get in the person who negotiated the FB deal for MMP. Played a blinder.
Another cracking deal that delivers for third parties but very little if anything for shareholders.
"the Group’s performance is not readily measured using quantitative key performance indicators"
Well actually yes it is Colin. You might not like that those indicators show zero shareholder value delivery, but yes you can measure your performance using quantitative indicators. If you doubt this take a peek at the SP.
The can has been kicked so far down the road its like a piece of tin foil flapping in the wind.
So Colin, not much progress at all really then ? Yes thats right Kevin, you've got it.
Dani... I have never commented on my interpretation of that podcast but have challenged your belief that you know things that you cannot possibly know. You came on here calling posters "paydirt" because they challenged your blatant ramping.
The problem is Dani you cant find the door of your echo chamber.
Howezap... straight yes or no answer... do you agree with Dani's revenue forecasts for XTR ?
Dani... perhaps the anal comments commenced when you stubbornly refused to accept that the deal for FB was on a profit sharing basis and not your blatantly rampy fabrication.
Yes thats right Kevin. you've got it thats right.
"When am ready will contact Shaun direct."
Feel a bit for howezap tbh.....
"If she would tell us what she is taking, we could all try it and could then make sense of what is otherwise unintelligible."
I still don't think Colin's forward earnings guidance will make much sense.
Joey. Was the MozGold cash handover fiasco an example do you think ?
GLR and BZT ?
Joey. Which of Colin's companies does Joel have a connection with ?
Joey. The Stevegate poster basically concluded "all the drilling" achieved zilch.
Joey... agreed. The big deception was driving that first hole right through the middle of the already known JORC resource and saying they got a bit lucky but hit the jackpot. He knew exactly what he was doing. That hype allowed those in the know to forward sell on that spike.
"Hoping Shaun gives me the time of day"
And I thought Colin was delusional.
That strategy worked in the past for him but I think he got over confident in his ability to ride out any back lash and just started loving the false reality he was inventing in those media presentations. Maybe he started believing his own BS. I bet he is regretting it all now though.