Member Info for prickly

The only good thing about XTR (and this includes all CB companies) was that it actually produced an income and hence not liable to regular dilutions that afflict the rest of his companies. I cannot see where the value in selling off for $15 m .

Brilliant deal for buyer MMP who have a delayed purchase arrangement so they can pay us out of cash flow . Largely using our 23% share of income. I was expecting $5m from income PA not from a flogging off a key asset for a song. I shall attend the GM and vote against. Unless anybody here can give me a good reason why not...

Mr T

There are many long termers on this BB who bought in years ago for various reasons. I was sold on the platinum mine and alluvial bonanza in Columbia. Many came in on the Mankayan options triumph when BZT awarded its few shareholders (in those days) a substantial payout.. Since then there have been countless false dawns and it is possible we have just seen another one with the latest dilution. I have invested in most of CB's companies. Mainly drawn in by his copper fervour. Sadly we have yet to see any copper mined in any of his stable and until we do I doubt if this or any other share will recover. He talks of starting up Hope Gorob in 2024 with a target of 8m tonnes PA. If this happens with the outside financing he has promised then this share will increase dramatically. There are other projects of course but Hop e is the only one where we can be sure of making it happen. But will he deliver? I am running out of mananas.

According to the RNS a year ago "our intention is to then to put this model out to the open pit contracting industry to commence operations as soon as we can in quarter 1, 2023, following the receipt of the mineral resource estimate and the production of the block model and theoretical open pit plan".

At Bzt CB is talking about a similar sized mining operation at Hope Gorob in Namibia. Again he is talking about starting up shortly , this case in 2024 after the imminent mining license arrival. I wonder if this will follow the same pattern as Luansobe. Flipper suggests there is much talk talk but no action and far as I can see not an onze of copper has been mined across any of his companies. Some gold at Manica in Mozambique perhaps which is fine but no copper . Is it all an illusion? I hope not. We were supposed to have an exciting October remember. Analytical seems a glass half full sort of guy ... tell us why we should believe CB's projections. I have shares in most of them and am beginning to wish I had never heard of CB.

Having invested at various higher prices I have opted to average down (again!) . Buying in at twice earnings would be a snip anywhere but on AIM . I am assuming this years Fairbride income is around $5m and i do not see the gold price slipping disastrously.

I thought CB said we would have lots of good news in October. He has not much time left.

There are a few countries which are more corrupt than Zimbabwe but not many.

I have more chance of winning the Open golf championship than we have of seeing those diamonds .

I think you have summed it up Flipper.

A hole with a liar on top is a bit strong but you can see where he is coming from. I for one am hoping we can expand our gold mining activities without blowing millions more on huge projects that no major is interested in.

Wouldn't it be great if we managed to become a small gold producer delivering $ 5 m profit per year and returning half of that in divis to we long suffering.... with an SP of 3-4 p

God knows how much we have ploughed into BR $20m? And we seem no closer to ensnaring that elusive major . I am beginning to think the grades are just not enticing enough . I know CB reels off stories of the great Swedish copper mine also a porphyry at Aitik but he has been unable to sell BR and this is probably because of its inferior grades. Not to mention all the hype about 25 p and 2 million tons. I would just like to see some return for all the tens of thousands I have invested in CB please. The quality of discussion on this BB has sunk to a bantering bickering sideshow. It used to be so much more informative but i assume most of the serious investors have sold up and moved on. Leaving a n unhappy few desperately hanging on, like me.

Thanks Analytical.

I am a big fan of the Romans . I appreciate a great empire cannot be built in a day , but most of CB's roads have lead to a lower SP and substantial losses for me . So forgive me if I am a tad sceptical about his promises . Nonetheless I have topped up another 2400 quids worth this morning at 1.28 which does at least lower my price point a little. I hope you are right to be so enthusiastic.

Well I have just listened to it.

Full of expectations and great prospects but always manana .

Meanwhile the SP drifts. A year ago this podcast might have excited me but not any more,

We are going to have a great October apparently. Lets see where the SP is on Oct 31st.

I have not had the energy or inclination to tune into the latest podcasts . I used to to but watching my shareholdings collapse has sapped my interest. Has he explained when production is going to start?

CHRISP. Dont get me wrong I would love to see success here at GLR. (I have a million shares )And you are right all the RNS's are positive but my point is what has actually been delivered . CB is very capable of jumping on new promising projects and for a long time I was under the impression that he was building up a great stable but just as they are about to win the Melbourne cup they fall flat on their faces and we never hear of them again. Wasn't Luansobe supposed to start producing in Q1. We are nearly in Q4 ffs. And not a dicky from Bird

I am beginning to think that no Bird company is going to show signs of life until the prospect of dividends is raised. The collapse in XTR and BZT have cost Colin Bird his reputation and cost me a fortune . GLR is forever promising and never quite delivering . Luansobe is held up as a magnificent opportunity and Leo is enthusiastically claiming JLP processes will unlock untold riches and Sandfire is just about to explode etc. I know CB has relinquished any role at Jubilee but why boast about the money they are making without offering any return to their shareholders.

Copper is damaged by the carnage in the Chinese Construction industry but it is still holding around 3.80 and most of his mining operations should be profitable at that price. Currently not a single company in his stable, famously focussed on copper, is making a cent. Apart from XTR with its gold mining .

Apologies to Pricey and all for not checking the ownership of Hope Goreb before posting.
let’s hope a combination of developments at Mankayan and positive news from H &G can push this share back into double digits . Copper price seems a bit weak compared to gold and like iron ore has taken a dip lately. in my view this is entirely down to weak chinese construction and manufacturing figures. The hope must be that RoW movement to green will make up the shortfall.

CB s trip to Namibia must be to oversee plans for Ongombo mine 85% owned by African Pioneer and BZt's 100% ownership of Hope Gorob.
Ongombo has just received their licence and hopefully Hope Gorob is not far behind .
The plan is to both feed into the same processing plant probably run by Jubilee.. CB has set out his stall that now is the time of the small miner. Which he defines as a viable cu operation producing 8-10 k tonnes a year over a minimum of 8 years. Luansobe in Zambia under GLR also fits in this category. I think Luansobe and Ongombo have the best short term prospects whilst we are still hanging on for the final signing off. If CB is to be taken at face value and I appreciate many have lost faith, then BZT preparations for HG are going ahead in terms of planning and financing regardless of permit delays. This visit backs this up. LTHs have lost so much here that the only way now has to be up. My wife does not agree and probably the worst thing I ever did was recommend BZT to her at 1.5p. Every quarter when her "financial adviser" submits his report to her I get mighty earache and after this latest dilution I am expecting more!

I have been invested in most of Colins mining ventures and I hope this will do as well as the eternal optimist expects.
Just topped up this morning as it dipped below 3 again.

Maddogpete
The French are very fond of horsemeat. My wife (French) thinks we were all completely bonkers to get so steamed up about the horsemeat "scandal". It is cheaper and a few canny Romanians saw a way to make a few bucks by filling our cottage pies with their old nags. Nobody noticed any difference in taste . Some boffin stumbled across a mix up in the food chain and we were all up in arms about the so called contamination . All nonsense or horse **** you might say. The rich French eat horsemeat as it is low in fat and tastier than beef so you can be both rich and eat cheavaline.

From memory I think Kwaks got spiked at BZT at around .37. He also may have invested here in XTR as well but I think he got in early so may possibly have made a profit. He has subsequently set himself up as a Stop Colin protestor and plasters his dubious research over all of CB's BBs ... but he reserves his most venomous for BZT. He and a few others see CB as the devil incarnate and innocent investors need to be protected from falling foul of Colin's Svengali powers.

https://newscentral.africa/diamond-heist-140-million-worth-of-diamond-vanishes-into-thin-air/

Just read this article . Old news for most folk probably but makes me nervous .

Very encouraging article EKXoc. Tks for posting it. It does make sense for Copper users to attempt to secure their supply chains if they think there will be a scramble for resources.
The evidence of this impending scramble has only partially been reflected in the POC which is the key barometer for us at BZT. If it reaches $10,000 or $4.60 lb then we should see a decent bounce .I have contradicted myself and bought in again at .05 . A fool and his money...or am I being brave and fortune will favour me?