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Price movement a tad harsh today....
Inevitable really.
CB ?
Ffs, not worried what people might say but Colin it keeps going down and down. Get your finger out and give some news that will efin help. You earn enough but should of been sacked by now. I'll do it. Your fired!!!! Feel better now people
No the words you are looking for are “creating shareholders value”
Whilst we don’t need to raise funds for day to day Opps don’t expect sp to do anything. Easier to raise from 1p than 10p simple fact. Unless we have some sort of miracle news Landing.
Sure looks like a lovely trading opportunity has presented itself.. I’ll bite.
Did I ruin the fun?
After a relatively busy morning there’s not been a single trade since my 350k buy… did notice I got a price quoted for my trade but it was “@ best” for even 100k shares after.
Another buying opportunity. You lucky people have had buying opportunities at 6p, 5p, 4p, 3p, 2p, and now 1p.
I wonder what the next, not to be missed,opportunity will be.
It's been very hard to sell much over last few days but MMs will now take 1m block
Are we about to move back up??
we'll see
Yes lets have a spike please Birdy
In fairness backtothesoil, there have been plenty of selling opportunities too.
Do I believe such an opportunity will present itself within a timescale I’m comfortable with?
Well considering my view is that the company is currently undervalued based on its Manica revenue stream, let alone the other irons we have in the fire, the answer to my previous question is yes.
If you’re always buying and never selling it’s awfully hard to make any money in this game.
MMs will now take 2m block
I can't remember last time that happened
"Do I believe such an opportunity will present itself within a timescale I’m comfortable with"
For what it's worth JDAU, I agree that this is undervalued. I've recently bought £12K worth.
My concern is the shameless behaviour of Bird (I cannot use his title as that would imply respect) and those here, particularly howezap, who despite the continual share price decline, pretend that there is nothing amiss with the management of this company.
Okey dokey let’s nip this in the bud now, firstly in response to an earlier comment, I dont make forecasts, I give my opinion to subject of discussion or a news release based on facts, correlating information that has been put out previously to support any commenting and from my own extensive research into the resource sector particularly copper mining.
I do admit my understanding of financial aspects and corporate governance is not great! But I am down by 60-70% like many others and have the same instinctive worries regarding the share price.
My understanding of what the company are trying to achieve in diversifying its assets in line with the growth strategy and the opportunities it could and hopefully will bring, funded in part from revenue and or through JV’s which mitigates some of the risk, gives me confidence the company with its current assets is in a good place. It has allowed me to now have a longer term outlook.
I don’t need to be spoon fed news, when the company have news and want to release it they will. Moaning about it is not going to change anything, the share price will do what it does until buyers return looking for value where there is obvious undervalue, when the resource sector turns. In the meantime, I am happy to continue to bring my average down and point out that not once have I resorted to de ramping to suit my current strategy to do that.
'But I am down by 60-70% like many others'
This says your purchase price is around 2.5p.
You have been bigging this up at far higher prices than that.
I think you have the same level of credibility as Bird.
" not once have I resorted to de ramping to suit my current strategy to do that."
I think its fair to say Howzap, that no one would disagree with you on that point :)
What……Even you Andrew?
Hi btts my initial entry was a small trenche at 6p, in heavier around 5p, one at 7p then 2x £20k buys at 4p. Those early days I made no secret that I was drawn in by those early over optimistic targets with the herd.
It is through my greater understanding through wider research and constant evaluating since, that my average is where it is now from continually accumulating particularly since Fairbride start up.
Howezap you have admit sometimes you and the resident nutter were very pro Bird, at least you explained your reasons though. I did think it was all a little bit contrived to get the SP up so you could get out, something we all would like to do.
It doesn't matter what you say here though, for or against, the SP wont move much because of it.
Unlike the company stooges and MaTwinkleburger who are the ipitome of the three wise monkeys.
I hear you back to the soil and that's my tick up... round numbers speaking; 3 ish p average to current 1p ish s/p for eg is in the 60 to 70 p/c down range .....so if you're buying in 4's , 5's and 6's and 7's ...on the face of it, having a 3p ish average is a 'tricky' thing to achieve ?!. .... UNLESS.. for eg.. you've done some selling at a profit in xtr plenty previously ago, and are also factoring that profit into your overall currently % down calculation...
I don’t tend to look at my portfolio it makes grim reading, but those trades I offered are just a few. My broker account does not give a total percentage across 3 accounts of various sized holdings, so could well be a higher average. I tend not to concern myself as it can sometimes cloud judgement. I am happy to accumulate at a low level just on Manica’s potential to expand and increase on xtracts current profit share in time.
HZ, l think we can all relate to that !. AIM has been tough the last couple of years. Hopefully interest rates have now peaked and the tide will change.
It’s fair that I second below comments by flipper
(Generally, sadly there are lots of people down for eg 70 to 80 per cent ish here .. or put another way that’s could be for eg 300 or 400 per cent ish up on current s/p required just to get back to break even..I understand highlighting positives can be useful here too , but towards balance , plenty of weight should be put on the extent of the s/p journey back required here by - too - many long term holders .. imho )
Hi JEZ yes I have been pro Colin normally just to offer an alternative view over the overly biased general negative perception of him or how he runs the company.
When you invest in a Colin Bird company it kind of comes as a package. I invested into BR, but clearly there is still potential there, and across other assets to move forward. Agree nothing said on here is going to have any lasting effect on the share price.
Take for example Manica. The studies will be ongoing to establish what upgrading is most feasible to accept the sulphides later on.
It should be considered that xtract will certainly be pursuing extending mine life by accepting all ore types. This will then give opportunity to unlock the remaining current ore reserves from the satellite deposits on top of any additional ore identified through further exploration. All cheap easily accessible mining with potential to exploit a greater profit share if xtract can get a debt facility to part fund any upgrade or additional plant, which I would be confident in saying that has got to be a serious consideration.
Importantly toward that, the Manica concept study indicated that ‘much’ of the Manica Project area would be readily amenable to low-cost surface mining techniques, and that it exhibits no particular technical or economic risk issues that could undermine its operational viability.
You can start to appreciate why Colin has already stated that they want to bring down the ‘potential’ LOM of about 100 years from all current ore reserves , estimated from currently limited plant capacity. I Would imagine more probability than speculative that would happen
Manica could become a rather valuable asset.
I agree about the potential for manica and it does look to have good potential to increase production and income.
My concern is that CB wants to make another big copper discovery before he leaves ..and quickly as he knows he's running out of time.
Cbs focus will be treasure hunts and maybe doing more and more and being more speculative with each licence as time runs out.
If CB left now and we had a much younger CEO who's main focus was on maniac to fully exploit its potential, I think many share holders would jump for joy with that approach.
I suspect the share price would also jump for joy as well :)
I hear you on that Andew..
...and it might be African Pioneer or Galileo etc that highest, second highest etc priority treasure hunt focus is on in 2024 etc..