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So what are we, shareholders, paying Roast & Zak for in their PR role?
A question for Bird at the AGM, I'd like to know how we are paying them too! - Could well be the roast team dumping shares of late...
In all honesty, ‘any’ good news is still going to be wasted in this economic environment right now, yes it may create some immediate buying pressure, but as we have seen over the past six to 9 months, it will inevitably pull back again under what has always been minimal selling pressure. So when tighter monetary policies are eased and there is more stability in leading economies, buying confidence will finally return.
An RNS to announce a company asset presentation? Current investors will have all they need to know already and potential new investors should be making the company website their first port of call anyway, so I don’t really see the benefit.
For those interested I was informed a few years ago that a outlet like Proactive would charge a company circa £30k a year for their 'services' this would include media interviews, written coverage and 2 presentation events (usually in London)
Every now and then you will see an AIM company issue shares to what they describe as ' a service provided' often to the value IRO of £30k.
Over recent times I have noticed companies prefer to spread the PR across a number of providers, Stockbox, Crux, Sharetalk and Roast come to mind - my bet is a company will budget £30k-£40k for PR.
Cost for a stand at the UK Investor Show as an example was IRO £5k for the day a couple of years ago, more prestigious events over 2 or 3 days like Mines and Money were circa £20k.
I would imagine a 30 minute interview by Roast or Zak would cost a relatively modest sum therefore.
The Rolls Royce may look great, but lets hope if you lift up the bonnet it has an engine in it :)
Rolls Royce is tangible
Hello Ma
Good to meet you
Totally agree with you
The only issue is, we don't have it to touch and feel yet.
That's where the problem lies (unconfirmed assurances )
CB is selling the dream and a nice dream
Until he makes it a reality , it will remain a dream.
Myself, i will continue to top up as the gamble is a fair one and tips in our favour.
In for a penny as they say.
Well worth investing iffff you can afford to lose it ( My wise words ) or stay as you are.
Need to prove its viable first!
Very confident though, we will see favourable break even points across the range of copper sale prices from the high grade material that will hopefully be what shows BR to be economically viable.
Other examples locally, Cadia had far more gold initially and with Boda, it will be its really high grade breccia zone that comes to surface that will make the resource initially economic to start up. Elsewhere as a better example of a copper dominant porphyry deposit, when mining at Aitik in Sweden started in the 60’s I believe, it had a small reserve of 50mt, by 1998 the mine had yielded 300mt of ore. As of November 2009, ore reserves were 747mt grading was consistent still at 0.25% of copper and 0.14g per tonne of gold Copper is and has always been the most valuable commodity in Aitik, accounting for about 80 % of the revenue. The second is Gold at 15%, followed by Silver at 5%.
Aitik was small scale at first that grew its operation massively over many years, BR will be taken to market with about a billion tonnes resource with economy of scale.
A significant factor to consider too, Ascot, could play a big part in contributing significantly to the financial model if needed, to improve on the economics, with the gold systems being bought into play along with establishing the high grade crown which is still to be found. Is very reassuring.
Yes Ma i get your drift lol
Been heavily involved for sometime and have followed all that you have.
We know what we have minimum at Oz however until someone buys this for the liquid stuff then we cannot apply the cash is king scenario. We know it's there but still in the ground. Probably too big of a project for a minow like us to take on board. Therefore at present this remains in the non tangible bracket ( My opinion ).
As for the rest, yes agree that is tangible but not enough for confidence and to take up the Mcap value to the levels that we are all hoping for. Perhaps undervalued at present which i would put down to the current climate conditions.( Not refering to the weather either).
Another contributer i would say is CB who consistently doesn't meet tme scales which should be easily managed by himself . Maybe if he was a little less excitable then there might not be so much disapointment on expectation. All being said, i'm happy to keep topping up at present. PS i like you too.
Worth a scan if you've not already.
https://www.boliden.com/globalassets/operations/exploration/mineral-resources-and-mineral-reserves-pdf/resources-and-reserves-aitik-2018-12-31.pdf
2017 - Total - 1 148 000 - 0.14 [g/t au] - 1.2 [g/t ag] - 0.22% [cu]
2018 - Total - 1 161 000 - 0.14 [g/t au] - 1.2 [g/t ag] - 0.23% [cu]
Shows BR could well still be profitable when the near surface 'high-grade' shiz is depleted.
Hopefully Bird is not BS'ing us when he stated the near surface volume could pay off capex in 4/5yrs. Decent bit of profit after that then go deeper if cu price is still decent, which it should be.
Only other 'near term' energy solution will be RR's SMR reactors and they are years away from being up and running.
Thanks for sharing that ,
>>1968: First production at Aitik. Initial production rate is 2 Mt/yr at a head grade of 0.51% Cu.
That suggests Aitik early years concentrated on the copper first in a relatively small operation. At what was back then, considered a low grade, The copper price when Aitik completed its feasibility study in 1965 was based on price range for that year of between 40-60c per lb, is in line with todays inflation adjusted price with average of 3.96% increase per year since then. Cumulative of 849.75% over 58 yrs making 50c copper price in 1965 worth about $4.75 today.
But as have said before on here, with the increased demand over the years that saw the previous high reached in 2012 of $4.62. With the inflation adjustment it would need to reach $6.02 just to be worth the same amount. So with unprecedented demands expected to increase over the next 10-20+ yrs higher prices will ensure copper futures support viability of lower grade large bulk mining and short term, could even increase BR’s mineral resources as economic cut off grades could reduce further.
Hi dani… sorry..,ello ma ( in the voice of nick cotton) if you are not an 80’s lass living in the uk at that time then ignore that.
My prove viable comment was more me being rhetorical than critical of your valuing. Yes I believe we are on the same page.
How I understand it, it is not necessarily about finding the price point the high grade resource shows a positive NPV. But at ‘what’ amount of resource is required to break even at various copper price ranges to see how further, the economics can best be improved on and with what needs to be done to take the resource toward the next level.
So yes I would tend to agree with you. IMO it is ‘not’ a case of wether or not it will be viable, it will be a case of just showing how much potential there is to push the project further up that value curve.
As a long term holder now sitting on large losses it seems nobody is believing Colin with his over positive interviews with the shares back to its lows and 300 shares trad ed today
Have no choice but to hold but do now find those interviews with Zak Mir and Sunday roast just annoying
Just been reading through the comments. I havent been keeping track of all what is going in XTR but it seems our friend Colin Bird has been wasteful with other peoples money.
I guess he is of old age and thinks he just needs to keep this up for a few years before dissapearing into the sunset.
I cant imagine he thinks he can keep up his shenanigans indefinitely. The pool of people who believe anything he says is has grown very small now.
Multiple failures over his whole portfolio of cashcows...sorry, I mean 'businesses'.
Colin Bird has not had a single AIM success story.
Colin Bird’s AIM record (as of Feb 23):
Time he became CEO of BZT- SP 0.5….now 0.06
Time he became CEO of XTR- SP 10...now 1.9
Time he became CEO of Galileo 7.38...now 1.1
I remember it first time around, did you know Boney M were chosen for their looks not their singing acumen.
They never sang, just mimed to a soundtrack.
Make of that what you will.
Wink
Jezzoo
>>>BTW a good way of ridding the emotion FEAR is by having a laugh.....
Could not agree more Ma.
Others would disagree I’m sure by saying, “it’s no laughing matter when people’s money is at stake.”
However just had this from Kwadoku formerly Pops1980
>>>I doubt any of us will ever see our money back
And there it is!
And yet still invested in Colin Bird companies. Why not just sell up and put what you have in one of the ‘better’ opportunities out there? A paper loss is ‘not’ an excuse to cling onto hope that one day it will come good. “Oh well another one to go in the bottom drawer” Investing strategy madness.
Kwak is just another typical AIM investor
https://youtu.be/61Q6wWu5ziY
I like your confidence.
However years ago i used to make a small fortune on AIM
That is not the case now
It seems that anything on AIM is a licence to print money
Forthe CEO and members.
I have eight companies who have promised the earth, drilled many holes, struck aledged earths riches, only for two to fall by the wayside, disapear with my hard earned money and the rest still milking it. Forgive me but will only ever trust this when i see MY books balance. Until then it all remains promises and dreams which buys nothing for us and an awful lot for CEO's and crew.
Docit. Agreed. In over 25 years the AIM index has gone nowhere - actually down. The investment banks just used it to pump shares for quick profit and the Company CEO's were happy to oblige. Never ending share placings and warrants have destroyed any value for long term holders. Worse, l still keep hoping this time will be different !. I remain invested in Colin's companies but AIM is a frustrating market at the moment. And the over enthusiastic comments regarding RC last year hasn't helped anyone.
Dani
I think you are getting your Steve's mixed up.
I think you mean Steve4077 and not stevemocal
MaBaker - No worries!
The claim by Steve4077 that BR was not viable did have a bad impact on the SP but I don't blame him for selling his shares before making the claim... who wouldn't? I think he is wrong though. The problem wasn't with his calculation (the maths was sound) but with the numbers used in the calculation for the capex and opex costs... he guessed them and you simply can't do that when tiny differences make a huge difference when calculating the viability of a project. His calculations also didn't include the yet-to-be-JORC'ed resource found by the phase 2 drilling, which will be included by the company doing the modelling (XTR will seek to formally add that resource to the JORC later with infill drilling). All in all, way too much room for error to make the claim he did IMO.
The way I see it, the African assets alone are now worth more than the current SP suggests and I therefore have little to lose by holding the approx 2m shares I still own. I now eagerly await the updated modelling due 'early 2023'.
GLA
According to the Telegram page a roast has been recorded and the posting of it is "imminent"
Maybe waiting until after an RNS has been released ?
Hopefully some meaningful questions have been asked.
His previous other company podcasts have just been general operational updates. Could be similar as Manica and Kakuyu have seen lots happening. Can’t see any worthy news from oz if there is not a preceding updated study RNS
Hi all. Quick drive by as I couldn't resist the below.
"I personally did not read what he wrote"
" all you lot got sucked in to his phoney analysis."
Everyone who read the analysis and agreed has sold up and left. Anyone who didn't agree held on to their shares and stayed. As you didn't read it, your assessment of the analysis must be based entirely on the people who stayed. Sound logic!
"Yep Steve4077 analysis on the Jorc announcement had a horrendous effect for those that sold their holding in XTR"
Yes, terrible. All those people who sold at 2.5p could now buy back in at 1.8p (if they wanted to).
Just as an aside, were you aware you can invest in ETFs that move up and down at triple the change in the copper price. No placings, no guesswork and no misleading interviews. No one is ramping or de-ramping because it has zero effect. If you believe in copper, just invest on the price alone and gain multiples. I'm not going to mention specific ETFs but they are not hard to find.