Member Info for prickly

https://youtu.be/iWwCu3DnatU

44. Being here for 7 years would be precisely why I wouldn't want to wait long. I suspect very few AIM investors go into risky mining plays with a 7 or 8 year expectation"
Dont forget the definition of a long term investment.... a short term investment that went wrong.

Howezap
My girlfriend is hoping to put in a swimming pool in the garden of her place in France. Sounds like you can build these overnight. Do you work abroad?

quite a step up in volume today CE. I played a very small part in buying another million and a bit. We need just a few new investors to get this moving with our tiny MCAP . I wonder what momentum we derive from being on the leaderboard that you posted earlier today.

Hi CE. Good to see you and no doubt again next monday. I too am looking forward to a serious shareholder enhancement event. One key advantage of a SSEE would be to give our friend Kwadoku an opportunity to exit and hopefully we would hear no more of his brilliant predictions. He has a habit of popping up just when things are looking up and dampening the mood A bit like Covid.

It is encouraging to see the blue again. Next week should be very interesting Mr T as I hope we will have news on Mankayan IDM , Caerus and Hope Goreb and possibly more. The AGM will be a lot more fun if this current rise is sustained. A few new investors will have been involved after Colin's evening last thursday when he spoke highly of BZT's prospects . CU price at $4.75 lb underlines our attractions . I doubt if there are many AIM miners with such a wide spread of licences for such a low Market cap.

I do not want to go on Crumbles filtered list as I have quite a chunk invested in Kodal, However when I read these postings I sometimes start thinking of scenes from Harold Pinter's wonderful play The Caretaker. In it Davies a homeless man is invited to stay in a flat in South London. In conversation with the flat owner Davies constantly refers to his need to go to Sidcup in order to get his papers sorted. Once he gets to Sidcup and gets his "papers", he assures us all will be well and he can get on with life. I hope we can get our papers sorted sooner than Davies does,

Mikiesunday Very good to meet you and your confidence has encouraged me to dip my toe in here. Maybe we should do a bit of cross ramping as I chatted to CB and Zaks team afterwards and he said that we got an amazing deal at Caerus. Did you know the the name Cyprus comes from Cyprium land of copper. Anyway they were quite enthused..... Not sure whether BZT or JBL but probably both. BZT are very underpriced at the moment. My new JBL investment will force me to look at other metals besides copper which will make me less of a copper bore hopefully.

And the 150k sell registered at 5.18 was a buy! Definitely my last as I am very overweight on XTR. Not just on biscuits..

n our view, scrap supply is critical and our analysis suggests that scrap usage at smelters/refiners could increase from around 4,200t in 2016 to 6,700t by 2025,” Widmer said.

“If our expectation of increased supply in secondary material, a non-transparent market, did not materialize, inventories could deplete within the next three years, giving rise to even more violent price swings that could take the red metal above $20,000/t ($9.07/lb).”
We rarely discuss scrap copper supply on this board but it is clearly a factor as this CNBC report suggests. Overall it may not materially affect the price much given the demand.

I was at the CB evening last thursday and listened in to a conversation with a couple of Jubilee investors discussing future prospects . Suitably impressed I have now invested although I wonder if I am a little late for the big gains. . But I did hear CB say he wants to turn Jubilee into a billion pound company so maybe not.
As to levelling up Colin is no stranger to the North by eck.

Hi Stevemocal . Yes you are right there were not many at the presentation who were not already investors but Colin used the opportunity to bang the drum and point out out that we have a massively improving copper asset in a perfect setting and reminded everyone that we now have all the finance needed (tks to African cashflow) for the foreseeable future . Copper price rising strongly backs this all up but the faltering SP suggests the message has not got out there yet. I do not think this presentation was just for the converted. CB said he knows XTR is on every majors radar and he wants to keep it there until we get an offer. In particular he wants AA to be aware that with their buyback option that they will shortly have to pxxp or get off the pot. Apologies for the vulgarity but you get my drift.

It is good to see some PI's are beginning to see the wood here despite all the chaff strewn by posters like Lawrence and Kwaduko. I wonder if these two are deliberately trying to damage sentiment and the SP or they just feel resentful as the price is below their entry price/ Either way they are irritants who contribute nothing constructive.
Last night I attended the evening with Colin Bird. Although it was mainly about XTR it was a lot about copper and Bezant is 90% copper. After the presentation there was an opportunity to mix freely and CB was as approachable as ever.

I spoke with Zak Mir's Sunday Roast colleague (think his name was Phil Carroll) about the Caerus J/V project with Jubilee and Bzt.
Phil was very clued up and understands the J/V arrangements. He had recently been down in Cyprus and knows the Caerus CEO. He says it was an astonishingly good deal for BZT and thinks it was down to CB 's close relationship with Martin Churchhouse the Caerus boss who values CB and the assistance from Jubilee and BZT highly.
This deal should soon produce . I then asked CB how we were going to fund our J/V and he explained that negotiations were under way to resolve this and it did not involve placings . He was not yet in a position to reveal any details but would do so in an RNS asap.
Later I discussed CB with Zak Mir . Zak says he has interviewed hundreds of CEOs and he considers Colin to be one of the most honest and straightforward that he has ever met. Colin seemed alert and on top of his game and he hoped the next two or three years should show how his dedication to copper resources will soon pay off spectacularly for shareholders. The current cu price seems to back his view. BZT has been the Cinderella in the Bird stable for some time but i sense an invitation to the ball is coming. All interested shareholders should try to attend the AGM on Oct 25th. We need to show CB that we care about this company and need to restore the SP to a price which reflects its ambitions and prospects .

Hi Kwak and Mr T.
Yes I am going to the meeting. If you want to come I suggest you email 'waltie@xtractresources.com'.
Nobody has screened my questions as I have not yet decided what to ask. That is a silly idea. It is not question time with Fiona Bruce.. I doubt if the anti Bird brigade will show up. But any shareholder is entitled to go and it think it is being live streamed on XTR website. It does not sound like Kwak has ever been to an AGM . The directors are often given a rough time by the shareholders. We can make suggestions about how we would like things improved . EG. At the last BZT AGM I suggested that Colin Bird should sack Laurence Read. He didn't and LR hung on for too long in my view but I had my say.

Kwaduko
The details of the acquisition are laid out in the RNS of 22 December 2020. Including the figures you will be interested in ..the project was basically purchased for £400,000 and paid for mainly in BZT shares at .27.

If Bushranger is a Rolls Royce taking us on our journey to 2 MT and beyond, powered by African petrol , then dilution and warrants are the corrosive salt which can damage the chassis en route. But you might argue the salt prevents us crashing....

Thanks CE. I shall try the email address. Failing that I shall sneak in under your coat. CB should recognise me hopefully . will be great to meet the other posters.
Re the questions... I am pretty sure Footrot is included in the same licence EL5574 so the buyback applies . I a bit concerned that this buyback option might be seen as a spoiler for other majors. Someone mentioned a poison pill. which is a bit OTT but it may be a deterrent . I am not sure we should continue to call it a trigger as it is more accurately a threshold and might well be ignored and not be seen as a catalyst for action by AA as some have suggested.

Would some kind soul pls advise how I can request an invitation to CB Zak Mir evening next week. I do not have a twitter a/c.

Hi Jedster I appreciate this EUZ comparison was mainly in jest. But it touched a raw nerve as I was in EUZ for many years and lost a small fortune with Laurence Read and his slippery antics. I am hoping CCZ is in proper hands and will deliver at some stage a healthy return. I doubt if you will ever see a return in EUZ . It has been a classic jam tomorrow share for many a yesterday.

The buy back agreement is quite clearly stated in RNS june 2020... AA may buyback 80% at fair value as determined by independent JORC and Valmin code. The option covers tenement EL 5574 which includes Footrot. So if we assume that the threshold of 2mt has been crossed or will be shortly AA are at liberty at anytime to exercise their option. I am not unduly concerned that the valuation cannot be completed until everything has been drilled and Jorced . CB has sold assets with much less drilling than we have already done here. My only concern is that we are inhibited from promoting ourselves elsewhere by this buyback option. Welcome though it is in many respects. Will a major make a serious effort to evaluate the racecourse licence if they know that AA could queue jump them if they see a rival showing interest. I shall attend the AGM and will ask CB if he thinks the apparent lack of an expiry date on the buy back could present an obstacle. Hopefully not. As someone has already said if AA do exercise their option the it will be good news all round.