Member Info for Prospector99

Going above a moving average means diddly squat whatever that average is doing on a news-driven share like this one. And since there's never any actual news apart from idiotic paid-for twaddle on ramp podcasts, no rise ever lasts long. Can't trade either because of crazy spread.

What a pile of poop.

... by last quarter. We got one all right - a 60% collapse in share price from last November.

We were also promised an update by end June.

Run away?

Https://citywire.com/funds-insider/news/fidelity-emerging-the-only-way-is-up-for-copper/a2445741?re=121669&refea=506468&link_id=1659714

The InvestorMeetCompany list of upcoming meetings now extends to 1 August, but shows no listing for SBTX.

More jam tomorrow.

But tomorrow never comes.

If Bird has any serious intentions of monetising anything, he'd better get a wiggle on.

Demand for electric cars is collapsing and China is dumping its oversupply on the West, which is responding by imposing tariffs and thereby keeping EVs unaffordable to the mass market. The copper boom predicated on mass EV take-up is unlikely to emerge. The ban on new petrol cars is being rolled back and may have further to go.

The best price is the enemy of the good price. Time for Bird to put his much-vaunted foresight to some practical use before the copper market turns.

Tumbleweed. Crickets. Meanwhile a light snoring is heard from undeneath a copy of the Racing Post, by an agreeable swimming pool in Dubai.

An ornithologist writes:

The Colinbird is a curious species. Known vulgarly as the Lesser Baldheaded Chiseller, it was thought to have originated frrom the North of England, but has since migrated to the more luxurious resorts around the Gulf states; a habitat much more to its liking, and where it has flourished. Noted for its sudden outbursts of incoherent song of which few can make any sense, it then becomes totally silent for months on end. In the past it had repeatedly made a distinctive noise, roughly sounding like "CooCooCooofmycareer" but now seems to have abandoned the cry. It occasionally performs its song for an ever-shrinking band of admirers, who agree that the experience is "most encouraging" adding "Good old Colinbird". Others however disagree completely and feel that the song has become tiresomely monotonous.

Although expected to be seen at certain times, it is often late and sometimes fails to appear at all.

At this time, the Colinbird has produced no issue whatsoever.

"As we predicted M&A has started with a bang. This is a big one and of course very unlikely that @AngloAmerican will accept the low ball offer. If and when done this will make BHP the biggest copper producer in the world.

"Guess what, it doesn’t produce any new copper in the system by merging majors. Get ready for the majors starting to bottom fish and if @GalileoResource, @ResourcesXtract and African Pioneer together with @BezantResources aren’t targets then who is?

"I predicted strong M&A followed by the bottom fishing which will require the majors to reset the size bar for acquisitions.

"Is it much you saying our target is 2 million tonnes of contained copper when there are no projects around to match this criteria. Upwards and onwards."

Personally, i think it's most uncharitable of people tp be criticising an elderly gentleman in his twilight years.

He should be left to slumber in the glorious Dubai sunshine, softly murmuring 'Kiwara', fondly dreaming of his one coup of so many years ago. Who could possibly begrudge the old chap his multiple salaries from his many, many companies? They only exist to keep him in the manner to which he has become accustomed. As shareholders, should we not be grateful for all the wisdom and insight displayed in his interviews and RNSs? If nothing but collapsing share prices occur as a result, that surely is a little matter.

We should remember that we are all touched by his remarkable genius in hinting at so much, so often - while delivering so little, for so long.

Never fear. At this point, the Bird normally appears with an RNS packed with technical gibberish which gives the share price a tiny boost that fools the unwary into thinking something worthwhile might actually happen. The more experienced promptly sell, and the price sinks back into the depths, with its last state being even worse than its first. Somehow, it seems that the Bird never seems to tire of his little joke at his shareholders' expense.

I just wish he'd learn how to spell 'Friend' on the end of his emails. Over-written purple prose that's barely intelligible, followed by a schoolboy spelling error. Cringe.

Expect the market's got wise to the established Bird adage: No News Is Bad News.

I see that the market has greeted the latest RNS with its customary reaction to Bird's management. Will anything substantial this man promises ever come good?

In my experience with Bird, no news is generally bad news. See Concordia and Star Zinc. Latest fiasco might just be Luansobe where news is now well overdue.

I think the market has learnt from bitter experience that Bird tends to talk a good fight but fails to deliver. His modus seems to be to announce project 1, hype it repeatedly, announce project 2, hype it repeatedly but go quiet on project 1, announce project 3 ... rinse and repeat. Just look at Bezant, where the market has lost all interest.

Let's hope it's different this time and that something in his accumulated stocks of jam tomorrow actually comes good for once. Something needs to monetise significantly or else what little credibility he retains will be lost.

Not so much a Bird as a Dead Duck.

I find it staggering that Bird should dilute his shareholders to pay himself and his 'advisors' £185K for presiding over a share price that has fallen like a stone over the last year.

If this share was a dog, some kind person would come along and shoot it.
Oh wait ...

Dont think so. Do we have a competitor already on the market?

"Existing formula enriched with 7* pre- & probiotic derived extracts became available on 28th August 2019. "