Cyril D'Silva

[00:00:00] Speaker A: Your voice, your community station, you are listening to IPL radio. [00:00:07] Speaker B: All right. And we're back again, sorry for that. Bit of technical difficulties there. We need to check that again. [00:00:14] Speaker C: Yeah, we just, just did a quick reset. One of the listeners messaged in and said that the. The sound was a bit scratchy. So we've just done a very quick reset and we'll find out shortly whether that's all good. So. Sorry, Josh, sorry to interrupt you. You were talking about Fremantle. [00:00:29] Speaker B: Yes, now we were talking about the scenario about being buyer ready or selling ready, isn't it? So anyway, the scenario that I had was obviously we had to look at this house. This apartment in Frio was a really nice apartment. Two by one, overlooked the ocean. Really amazing. And my client really liked the property. So I had to go home quickly, do all the due diligence on it. I actually sat down for about three hours reading through the whole strata. [00:00:54] Speaker C: Not using ChatGPT. [00:00:55] Speaker B: Not using ChatGPT. So, yeah, lesson learned. Not doing that again. [00:01:00] Speaker C: I mean, you need to do both. But it's a tool, Josh. It's just a tool. And it's an important tool because of the volume of documents that you're going through. [00:01:10] Speaker B: Correct. So obviously did all that. And we had an offer in mind that the client was thinking about. And immediately I was like, all right, are we ready to pull the plug? Right. Client's like, all right, Josh, let's do it. So I quickly got on the phone with the agent. I was like, what does it take for us to make a deal? Done today? [00:01:29] Speaker C: This is Sunday. [00:01:30] Speaker B: This is Sunday. [00:01:31] Speaker C: You inspected it Sunday. [00:01:32] Speaker B: Inspected it Sunday. [00:01:33] Speaker C: Your client's a hot potato. [00:01:35] Speaker B: Yes. [00:01:35] Speaker C: We've got Josh, the buyer's agent, that's ready to go. [00:01:38] Speaker B: Yep. [00:01:39] Speaker C: And what happened then? [00:01:41] Speaker B: So we called the agent and it's like, all right, what does it take for us to put in a deal today and get an answer today? Not tomorrow, today. [00:01:48] Speaker C: All right. Assertive, Josh. Oh, yeah, it's an assertive buyer's agent right there. [00:01:53] Speaker B: So, but that's the thing. That's when I say we need to be buyer ready. Right. When. When our clients come in, especially for us, buyer's agent, we make sure we've got all their details, we do all the ID checks, we make sure they're pre approved, ready to go. So we know that when we put in an offer, that is the offer, we are not going to run through any financial difficulties. I mean, again, there's a disclaimer there that still comes back to what the bank does, but They've got pre approval. We know that they can actually service that loan. [00:02:22] Speaker C: And in this case, you guys were ready to rock. [00:02:25] Speaker B: We were ready to roll, ready to sign all the details. They're ready to go. Spoke to the agent. Agent's like, you put in the one now. I'll speak to the seller. The seller is happy. We've got a deal immediately. Put it all in. And guess what? Within an hour, we got the property. [00:02:41] Speaker C: You got the property. But why was that so important? [00:02:44] Speaker B: That was very important. Because after the seller has signed the document. Right. Apparently an hour later, someone put in a cash offer, see, for 5,000 more. [00:02:56] Speaker C: Yes. [00:02:56] Speaker B: Than what we offered. [00:02:58] Speaker C: And I bet that today, Monday, people were sort of sending their expressions of interest or their offers. [00:03:04] Speaker B: Correct. This morning, they had another four. [00:03:06] Speaker C: See that? [00:03:08] Speaker B: So look at that. We already beat five other people. [00:03:11] Speaker C: Five other people. [00:03:12] Speaker B: And there were some that are saying, okay, we'll think about it and put it in offer on Tuesday. [00:03:15] Speaker C: Ah, too late. [00:03:16] Speaker B: Well, guess what? It's already under offer. [00:03:18] Speaker C: It's already settled by Tuesday. [00:03:22] Speaker B: But this is the important thing, right, is if, you know, you're ready. We've checked all, we've done the due diligence. We are ready to get into it. We're putting in an offer. You know, you're serious. The agent also can see that you're serious. They. They look at your, you know, like, for me, I straight away put, obviously my settlement agent is Kali. I've got their mortgage broker, everything in there ready written up. So it's like, all right, you need information about pre approval, feel free to give a. Give this mortgage broker a call and speak to them. You know, you know, that kind of thing. So everything's ready, the form is filled out, all the information is filled out, ready to go, and that's how we got offered. [00:03:59] Speaker C: That is amazing. No, it's a good lesson. And there's a lot of people that come to my home opens looking at properties that we've just listed for sale. And it's a common story, Josh, where they say, we've just missed out. We've missed out on so many. And look at the difference it's made to have a buyer's agent that is pushing them and is structured and ready to go and giving them the advice to say, if you like this, we need to rock right away. [00:04:24] Speaker B: Yep. Correct. [00:04:25] Speaker C: The difference between securing it and securing at a good price. Because I bet you saved your client 20, 30, 40 grand. Because if that agent had managed to start receiving those offers, they would have started playing Those offers against each other and pushing the price up and up and up. [00:04:43] Speaker B: Exactly. And you actually brought out a good point. So I actually managed to save this client 15,000 from what she initially wanted to put in. But then you brought up a good point. Now you've got someone who's put in an offer above that. You actually saved them that as well. Plus the FOMO people who have missed out. [00:05:00] Speaker C: So, yeah, you have to take into account the FOMO people, which. They could have pushed that price right up. [00:05:04] Speaker B: Exactly. [00:05:05] Speaker C: Now. Now, shall we flip the table? Shall we turn the tables for a moment, Josh? [00:05:11] Speaker B: Yeah, sure, go for it. [00:05:12] Speaker C: Because when I get a buyer's agent, a hot potato, like so, I've already got an idea as a selling agent, I've already got an idea of what the property is going to go for. I would have already gauged the inquiry coming in during the week. And we read people, Josh, you know, just like you're doing home opens as a buyer's agent. As a selling agent, I'm reading people in the room. I'm getting a sense we're texting. I probably have a sense of who's going to be serious. So on many occasions I get buyers agents contacting me like hot potatoes. And they want to secure it. And they want to secure it. So I know that when it comes to a buyer's agent, on occasion, it's a case by case thing. I need to hold off a little bit, at least for that one day, because I know as a selling agent, by Monday, Monday, the expressions are going to come in or the offer is going to come in. By Tuesday, the second round will come in. But I need to see that happen, because if you're too quick off the mark, then in that case, I think, look, selling agent probably got a good price and what they expected, but they probably could have gotten a lot more correct if they hadn't jumped on the first offer. [00:06:18] Speaker B: There is a good and bad is that that's why I always put a time limit on my offers. And the reason being is that I didn't. I don't like agents pitting one offer against the other. And that's exactly what happened. [00:06:32] Speaker C: That's a whole other practice which we just talked about a moment a moment ago, this sort of using people back and forth to push the price up. I don't actually particularly like that practice, but I do think that my clients as a selling agent need to know how many offers are available. [00:06:49] Speaker B: Correct. [00:06:50] Speaker C: How many people are genuinely interested, and let's see if we can work with these people, we don't want to use the offer against them and try to push them up and. Up to a point that they can't afford it. [00:07:00] Speaker B: I think a lot of the cases, I'll be frank, even some of the cases where I won the. The deal is because of the relationships I've built with the agents, which is another good thing, because the agents know how I work. They know that. There's no bullshitting. Yes, I said it. [00:07:23] Speaker C: I think the radio term for that is BSing. [00:07:26] Speaker B: BSing. All right, cool. So, yeah, there's. There's no. There's not. There's no. [00:07:32] Speaker C: Nothing underhanding. Yeah, nothing underhanded going on. No funny business. [00:07:36] Speaker B: You know, you know that client is coming, we're putting in an offer. We are serious. We are not. We are not there to muck around. All right. You're just gonna make me laugh more. Yeah, so that's good. And also, like, for yourselves, you know, we know how each other works. We know that the client that comes in, we are not going to underhand each other. Obviously, you know, we're going to do right by our clients as well. [00:08:00] Speaker C: Well, we're trying to do the right thing by our clients, Josh. I mean, that's. That's our jobs. And I think that we've talked about many times where a selling agent and a buyer's agent is different. I mean, a similarity, similarities. Where we're. We're licensed, we're agents, where we're experienced, we're working with the same market with the same clients generally. But where we're different is you're trying to secure a property for your client at a good price, the best price, and save them money. And I'm also trying to sell a property for the best price at the best money, within reason, of course. [00:08:32] Speaker B: Yep. [00:08:33] Speaker C: So it's a little bit of polarity there on that point. So when we're working together, where we align with our clients. Interests, then we actually do very well. I mean, I've sold properties to you, Josh. [00:08:45] Speaker B: You have? [00:08:45] Speaker C: Yeah. And it's been a brilliant process. It's been quite, quite easy, actually. We've had. We've our clients, you know, values and mutual goals aligned, and we were able to put the deal through relatively quickly. [00:08:59] Speaker B: Correct. [00:08:59] Speaker C: Without any. Any BSing, as you would say. [00:09:05] Speaker B: Now, also to flip that, obviously you've got clients who are very indecisive. [00:09:11] Speaker C: Hello. [00:09:12] Speaker B: Yeah, so this is where. That's where I've lost out of market is as well. On properties, obviously, you've got the areas where, you know, market just flies out like hotcakes, then you've got the markets that are not. So if you're going to go into this sort of market where properties fly out like hotcakes and be like, Josh, you know what, just give me a day to think about it. That's too late already. [00:09:32] Speaker C: Yeah, it's just depending on the, on the area. Of course. [00:09:36] Speaker B: Yeah. 100. [00:09:36] Speaker C: If you're going to be working on the north side of the river, there's going to be some areas there at price points that are just very hot potatoes. [00:09:43] Speaker B: But that's the thing. It's about understanding the market. And to your point earlier, where, you know, Covid time we had it all, we had ample of time to do whatever we want, take our time, do building and pass inspection beforehand. That's gone. You know, we have to kind of adapt to what's happening now if we want to secure something. Now, this is the market, this is what is happening currently. We need to move with what's happening with the market. [00:10:06] Speaker C: Interesting times. And look, it won't always be this way, Josh. Yeah, you know, it's just the, we're going through some, some peaks. The market is tight. But eventually, whatever the world event or the, the national event or, or stock event, eventually it will slow down. I don't think it's ever going to really go backwards. I mean, real estate always goes up over time, especially when you look at historical trends. But then eventually it's going to become that buyer's market again. [00:10:36] Speaker B: Correct. [00:10:37] Speaker C: Where there's going to be a lot of stock available and selling agents, you know, we have to pull a different set of skills out of the, out of the bag and we have to try and make properties more attractive and stand out. Whereas buyers will have time again to go and shop and, and get their approvals and then, then put do their piston building first and then decide it'll come back. I mean, it's inevitable. Every market has done the same for forever. [00:11:03] Speaker B: 100. It'll be a while. I'm sure it will be a while. [00:11:09] Speaker C: In fact, I've actually been, I've, I've been looking forward for the next year and starting to think, okay, we need to get smart about how we're going to be sourcing our listings. We got to a point of what stock on market 1500 about a year ago and 7000 agents in, in Perth operating. That didn't add up, did it? No, it did so. And if interest rates do come down, I'm expecting stock to clean it. Clean Up a bit, sell whatever's currently on the market should sell. And great time for buyers to come back in and, and get a good price because we still have an under supply. [00:11:43] Speaker B: Correct. There's been lots of talks as well about, you know, going into winter. Is it a good time to buy properties during winter? Is it, is there a low stock? [00:11:53] Speaker C: It's interesting you say that mate, because this question came up in a conversation about an hour ago. We're preparing for. I've got a property in Rockingham that we're preparing to sell. And you know, generally historically, I mean winter's not the best time. You can have very rainy days, you have cold days, unpredictable weather. It's hard to take photos, good photos, good videos of properties. There's just some extra sort of pains around the sales process and there is a bit of a slowdown in general. Mean your peak times were before summer, after summer, in the springtime. You know, you can measure those as trends. But I think that this year with the way things are going and you know, everybody's sort of sitting on the edge of their seat waiting for this interest rate drop, I don't think this is going to be any issue this year. I think we're going to see sales all the way through and listings all the way through. [00:12:47] Speaker B: Nice. So tell me Carlos, what are some of the things that you've seen, especially when buyers, when they're buying, what are some of the common mistakes do you think that they're currently making when they put in offers? [00:13:01] Speaker C: A mistake that a buyer, what do you see makes? I'll tell you one, I'll tell you one off the top. Tell me as a selling agent what their approval is. [00:13:12] Speaker B: Really? [00:13:14] Speaker C: Yeah. Especially when we're running an end date sale or you know, an offers from say, let's just give a broad example. Now remember, my job as a selling agent is to get the best possible price for my client. [00:13:24] Speaker B: Correct? [00:13:25] Speaker C: Right. And say we've got an office from 500 and a buyer comes by me and says I'm approved to 580. So automatically I'm going to think all right, well I know that this guy can go to 5 8. [00:13:37] Speaker B: How do I push now? [00:13:38] Speaker C: I need to work out how much he wants it. Yeah, you know I've already, I've got a, I've got a guide. Yeah, you know that, that look, if he really needs the property, he potentially pay 580 for it, you know, and it's been the case time and time again. So that's a big mistake when it Comes to when you're shopping around, do not tell the selling agent what you're approved for or what your budget is. Never, ever keep your cards close to your chest. [00:14:04] Speaker B: Don't give your cards out. Exactly. [00:14:06] Speaker C: No, don't give your cards. I mean, on the other hand, let them know that you're serious. And like you say, have your paperwork ready, Be ready to make an offer, Be ready to sign all those things, have done your due diligence prior, Be ready. But do not tell the agent. That's a big mistake. Don't tell him how much you're prepared to pay. [00:14:23] Speaker B: Correct. What are the other things? So obviously you decorate the house, you. You make it all like, oh, wow, it's so livable and stuff. You see a lot of buyers get so emotionally attached to the house. [00:14:38] Speaker C: No, it's the point. I think we talked about it last week. You know, putting the cookie smell through the place, putting the fresh coffee smell through the place. It's not a trick. It's just. It's another way of marketing. You know, just like trying to make the photos look beautiful. We want to let people know that they're coming home. You know, the ones that really want the place will feel like they're coming home. It'll also help people know where their furniture is, where they can put their furniture. I mean, how big the room is for. For that size lounge or that size table. That's. That's helpful, I think. [00:15:12] Speaker B: Oh, yeah. [00:15:12] Speaker C: As much as it's a marketing tactic, it's helpful. [00:15:15] Speaker B: And what about the pressure? You know, obviously you said you had like about 30, 40 cars down the road at one point, and you put all these people there and you get all this formal and people look at each other. Are you putting an offer? Are you not? [00:15:29] Speaker C: Yeah. [00:15:29] Speaker B: Do you see a lot of that as well? [00:15:30] Speaker C: Oh, I have in recent times. Yeah. The. The most I saw it was probably in May, April, May 23, that period onwards, that probably six months from about May. Huge numbers of people. And, you know, I was operating primarily in. In the south of the river with listings. I know it was worth. On the north side of the river. I know that even in your case, you had over 100 offers. [00:16:00] Speaker B: Yes. [00:16:00] Speaker C: On a property. [00:16:01] Speaker B: Yep. You know, 100. [00:16:02] Speaker C: That's. It's hard to manage, man. It's hard to manage. And you, and you have to talk to every one of them. You have to manage all of their expressions of interest and all their offers. And this is our job, you know. [00:16:13] Speaker B: How would you advise? Say you've got like, okay, like this house that we went in Langford, if I'm not mistaken. 200 interest. Obviously there's a lot more people that showed up. 169 offers. [00:16:30] Speaker C: That is ridiculous. [00:16:31] Speaker B: How does, how do you manage all that? Like, that's crazy, right? Like. [00:16:35] Speaker C: Oh, Josh. So, all right, so on the selling agent side, in terms of my job, I mean, we have to manage it. So sleep. What do you need that for? If you need to get through emails, you need to get through the night writing offers and back and forth and whatever hates what we do, it's what we have to do. But on the other hand, like when. If I was going to advise a buyer, and I did the other day, my very good friend Andrea, she said to me, carlos, this is my budget and I want to buy this property. And you know what the first thing I said to her? Do not tell the agent what your budget is. Do not tell him because he'll use that against you. That's his job. It's our job. Hey, you can't hold that against us. So that's the first thing I told her. The second thing I told her, which I would, I would say to all of Those buyers, the 160 odd or whatever, making an offer is to be very clear about your boundaries. Have a very clear stop point in your very privately, within your world, say, I am only prepared to pay up to this much and I'm not going to go any further. I'm not going to be pushed. I'm not going to use. Have FOMO used against me. I'm just. Because there will be another one. [00:17:44] Speaker B: Yeah. [00:17:45] Speaker C: It doesn't have to just be this one. [00:17:46] Speaker B: Correct. Yeah. Now that's well said, Carlos, because obviously we, I think a lot of people sometimes go in just buying because we just need to get something. There's. There's no property. This is going to go. You know, you. I hear that a lot as well. But you don't realize like what you just said, that there's always something that will pop up tomorrow. You know, you've got at least always do what, what I do with my clients. We sit down and we go through a list of ones can compromise, must not compromise and don't. And with that list, then we bring it together. So if, if it's a couple, I would get them both to do their own list and we'll sit down and actually bring it together to see what we can and what we don't want. Compromise. Yeah. [00:18:30] Speaker C: So you're setting boundaries. [00:18:32] Speaker B: We're setting boundaries. [00:18:32] Speaker C: Very clear. Boundaries. [00:18:33] Speaker B: Yeah, very clear. So that we also want both of them to be on the same page. We don't want one person, like, I want a swimming pool, and the other person, I don't want a swimming pool. And becomes a clash. So now we actually sit down together, say, he wants swimming pool. You don't. Is this, can we compromise or can we not? What if there's not a swimming pool there? You know, that kind of thing. So once we've already got that, then we go out and look for a property that suits the list, you know, the list that we have created and see where we can compromise, where we don't. And. And we stick to that strategy that we have. [00:19:05] Speaker C: Good. You know, it's a winning plan in life, isn't it, Josh? Not just in business or the business of real estate. [00:19:10] Speaker B: Oh, yeah. I think a few clients that I had as well, because we've been missing on two, three properties. And immediately it was like, oh, my God, we are missing out on properties. Now they're in a panic mode. I said, no, don't panic. You know, we've got a clear strategy. This is part and parcel of finding a property. You know, we are not just blindly going out there and just picking. We've got a strategy. We've got a list of what we're looking for, what we can. What. We can't compromise the areas that we're looking for, you know, and we're not just buying just anywhere as well. [00:19:40] Speaker C: And, you know, Josh, I think that if I was to see a buyer that's educated or has very clear boundaries, if I had that in front of me, I would take that buy more seriously. [00:19:52] Speaker B: Correct. [00:19:52] Speaker C: You know, it's my job when I've got expressions of interest A, or offers, written offers B, it's my job to actually communicate those to the seller, but not just say, hey, this guy's offering that amount. Hey, this guy's offering that amount. The job goes further than that. It goes on by the sense I got from them. How are they talking to me? How are they dressed? Do they look like they're serious? Have they shown me anything about their financial position? If somebody had very clear boundaries and said, carlos, I'm not going to pay more than 600 for this. That's my offer, full stop. I would go back to my seller and say, hey, I've got a serious buyer here. He's only going to pay 600, but he's. All his ducks are in a row. He's ready to go. So I'd actually put that Buyer high up on the list as a serious buyer. [00:20:37] Speaker B: So what you're saying is it's not always price. [00:20:40] Speaker C: No, it isn't. There's so much more to it. [00:20:42] Speaker B: You could be the highest price, but it doesn't matter. [00:20:44] Speaker C: It doesn't matter. Yeah, you know, it's. You communicate with agents in so many more ways than just what you're willing to pay for it. [00:20:52] Speaker A: Correct. [00:20:52] Speaker C: And we use that information to take that back to the buyers of seller so that they can make their decisions. [00:20:58] Speaker B: All right, well done. So you're listening to the Perth Property Bros. So we're going to go into a bit of a break and we are going to then have Cyril here. So we're quite excited about that. [00:21:08] Speaker C: Yeah, we're almost there. Hopefully he'll be back. But yeah, you're on the Carlos and Josh show. [00:21:12] Speaker B: No, Josh and Carlos the third Property. [00:21:14] Speaker A: Rose, your voice, your community station. You are listening to IPL radio and. [00:21:22] Speaker B: You'Re listening to the Perth Property Bros. [00:21:24] Speaker C: With Carlos and Josh. [00:21:25] Speaker B: Josh and Carlos. And we've got Cyril here today. Welcome, Cyril. [00:21:31] Speaker A: Thank you. [00:21:32] Speaker B: Yeah, thanks for joining on the show. And obviously this is not a lot about property today, so we'll talk a little bit different this week. You know Cyril, we met in bni, obviously we actually spoken a lot about BNI here, so don't worry. Yeah, we met in bni and then I actually caught up with you after found out some amazing things that Cyril has done and I was like, you know what, we need to get him on the show and introduce him. So welcome. [00:22:00] Speaker A: Thank you. [00:22:01] Speaker C: We like to have interesting people on the show. Cyril, so you made the cut, mate. [00:22:05] Speaker A: I made the cut really good. [00:22:08] Speaker B: So Cyril, I'm just going to read a little bit about you. Obviously there's a lot here I couldn't remember everything about. So today we're joined with Cyril D. Silva, executive chairman of Millennium Minerals, a trailblazer in the global resources sector. With extensive experience in both gold and ultra rare Zimi canary diamonds, Cyril has helped shape one of the most respected mining companies working out of Sierra Leone. His leadership is not only defined by results, but also by a deep commitment to community goodwill which has earned Millennium Minerals a rare and honoured place back in the region. This was what really got me about your goodwill in the community. And later I'm going to touch a little bit about it as well. Okay, so tell us a little bit, Cyril, in your own words, tell us a little bit about this Millennium Minerals and everything that you're doing. [00:23:03] Speaker A: So Millennium Minerals is actually the second company I'm doing in Sierra Leone, I had Golden Sane Resources originally, which I listed on AIM in 2013. [00:23:14] Speaker B: Okay. [00:23:15] Speaker A: And we listed in June 2013. We're actually the best performing IPO voted by mining Weekly for that year. And after that, a year and a half later, we got hit by Ebola. So it was a little bit difficult. But what happened was I raised $8 million on my first IPO doing Golden Saint and going to Sierra Leone. This is a country that came out of war, so that young generation that grew up suddenly had access to the mobile phones and everything else. And. But they were a violent race. They were violent because, you know, because of the status in which they came up. And I just looked at them and I thought it was really difficult to teach them. So I teamed up with a company called Street Kids, which took children off the streets. And I decided I needed to do something different. So we entered into a program. It cost me US$33,000, which is nothing compared to having raised $8 million. Right. To me, I didn't even have to blink my eyebrow, and I said yes. But what we did was we managed to take 300 people, children and put them into school. [00:24:28] Speaker B: Nice. [00:24:29] Speaker A: For me, it was a really small gesture. What I didn't expect, though, was the headlines in the newspapers. A week later it said, the first company in the history of mining in West Africa to do csr. [00:24:41] Speaker C: The first. [00:24:41] Speaker A: The first in history, even before starting work. Right. And that was like. That just stunned me. I mean. [00:24:49] Speaker C: Oh, it's stunning me right now. [00:24:50] Speaker A: It was really a small gesture. Right. [00:24:52] Speaker B: So. [00:24:52] Speaker A: But it set the tone for Golden Sail. My team then was turning dreams into reality. And the people responded. I mean, locals really responded. They were really appreciative of what you do. And it doesn't take much to treat the locals well. And of course, Ebola happened. And when Ebola happened, I was one of only two companies in the world that stayed back and paid salaries for 18 months, even though we couldn't do anything right. And again, to me, it was a small gesture because salaries were like $80 a month, but everybody else ran away. And then while I was. After I listed, a year after I listed, a prominent jeweler came up to me in London and said, look, he says, there's this space in Sierra Leone called Zimi. He says it produces the world's best canary yellow diamonds. And he says, can you get us a license? And I tried at that time, but I couldn't get a license. So I just left it as it is. And in 2018, I sold my solo, my first company because I had to go for a corporate bypass. [00:26:07] Speaker B: Yeah. [00:26:08] Speaker A: And anyway, just as I sold the company off and I came out of surgery, I had a call from a diplomat in Canberra who was a Sierra Leonean. And he says, guess what? He says, you know, the opposition has come into power. And he says, my uncle is the president. And he said I was about to go to him and just as I approached him he said, my uncle said, you're in Australia, if you know Cyril, can you bring him back to really. [00:26:36] Speaker C: Value of building relationships? [00:26:38] Speaker A: And of course I was still uncertain because major surgery. [00:26:41] Speaker B: Yeah. [00:26:41] Speaker A: And I said give me about 12 to 16 weeks and, and I'll think about it. And I recovered really well. And of course my friend called me up again. Look, he's the president of a sovereign nation. [00:26:55] Speaker B: That's nothing to talk to you. You told him wait. [00:27:01] Speaker A: So I said okay, I'll take that phone call. And he says his first words were, what does it take to bring you back into the country? And I remember this Zimme diamonds. So what happened was when I was told about these Zimmy diamonds, I actually went to buy a Zimmer diamond without knowing what it was. It was a five carat diamond and I paid $10,000 for it. We cut and polished it to a friend, it came out four carats and we got almost $300,000 for the stone. And it just hit me, right? I mean, why are you digging out tons of gold? [00:27:36] Speaker B: Yeah, yeah. [00:27:37] Speaker C: When diamonds can be there. [00:27:39] Speaker A: And the diamond was just, it was probably the most fascinating diamond I'd seen. And then I spoke to a jeweler friend of mine in Perth and he told me the story of the Jimmy diamonds and I got really excited. But they have never given out an exploration license for that area simply because the area was tough, right. And paramount chiefs were hard to work with. But what happened during Ebola was my general manager called me up and he said, Cyril, he says, I need a favor from you. I've got this chief from, he's the most senior chief in Zimi, we need to give him US$1,500. And he says, look, he's met you before, briefly. And I said why? He said he's diabetic and he needs to go for surgery to cut his leg off and put a wooden leg back. And I said why doesn't he ask a guy that? There was some people that were doing alluvial mining. And he said it was Lebanese Jew. And, and he said Lebanese Jew said it's Ebola. We're not working, and we can't afford the 1500. And to me, 1500 is not a lot of money. Right. And I said, okay, I'll give it to him. And so he went. He had. He had his leg taken off. He has wooden leg replaced. And I went back into the country about a year later and I went to see him, and he actually gathered all the village chiefs together. [00:28:58] Speaker B: Oh, wow. [00:29:00] Speaker A: And he said, look, he says, from today onwards, this is the guy that we want to work with. [00:29:05] Speaker C: Yeah. [00:29:05] Speaker A: So it. It doesn't take a lot to do. [00:29:07] Speaker B: Yeah. [00:29:08] Speaker A: To help people. Right. And. [00:29:09] Speaker C: No, but it's your willingness, isn't it? [00:29:11] Speaker A: That's right. [00:29:12] Speaker C: That's what we find. It's your willingness to. That really just sets you apart. [00:29:15] Speaker A: That's right. [00:29:16] Speaker C: From another. From other businesses, other operators, other people. [00:29:18] Speaker A: Yeah. So it's about, you know, I take it that it's about us being able to understand their culture and their needs rather than imposing our values on them. Correct. We've got all this stuff people ask me, corporate social responsibility and stuff. I said, where were the companies when Ebola happened? Right. That thing went out the window. Right. We paid the salaries. Right. We made sure that everyone had food and water to go through. Right. And that's more important. Right. And you have all this stuff, I mean, millions to spend on esg. Right. But the people are still hungry. Right. You. You want the people to protect the elephants, orangutans, Right. [00:29:55] Speaker B: Yeah. [00:29:56] Speaker A: Don't you think the right ways to provide food and water and education to the people, and they, in turn, will take care of the environment. [00:30:02] Speaker C: That's right. [00:30:03] Speaker A: Not the other way. Right. And I think that's where. [00:30:05] Speaker C: Because get Africa. [00:30:06] Speaker A: Wrong. [00:30:07] Speaker C: It's the poverty and the need that drives poaching and. [00:30:11] Speaker A: That's right. [00:30:12] Speaker C: Destroy. [00:30:12] Speaker A: Because they're hungry. Right. [00:30:13] Speaker C: I mean, they're hungry. [00:30:14] Speaker A: Yeah. It doesn't take a lot to feed them. It's. [00:30:17] Speaker B: Yeah. [00:30:18] Speaker A: You know what? Yeah. [00:30:19] Speaker C: In our terms. That's right. So. But education. [00:30:22] Speaker A: Yeah. [00:30:22] Speaker C: We need to educate them. [00:30:24] Speaker A: I've got a stone. I mean, just imagine the poverty and what we get from them. I've got a stone that's which I wear. It's Zimi yellow. I bought it for $10,000. It's 1.85 carats. Right. Today it's valued at $180,000. Right. Just imagine the amount of people you could feed in Africa with. [00:30:44] Speaker B: Yes. [00:30:45] Speaker C: Yeah. [00:30:45] Speaker A: That kind of stones. Right. And why is that being done? So. And that's my interest in Going back, of course, I want to make money in the stock market, but there's so much that you can do for the people. [00:30:56] Speaker C: Yeah. [00:30:56] Speaker A: And give them what's rightfully this. [00:30:58] Speaker C: So these. These stones that you said that you bought for $10,000. [00:31:02] Speaker A: Just one stone. [00:31:03] Speaker C: Just one stone. So this. This one stone, you don't know how it's going to turn out. [00:31:07] Speaker A: Oh, you don't. [00:31:07] Speaker C: You've got. No. So it's a gamble. [00:31:09] Speaker A: Yeah. [00:31:09] Speaker C: The fact it was. It turned out to be worth that much once it was polished at 1.85 carats. [00:31:14] Speaker A: Yeah. [00:31:14] Speaker C: You don't know. [00:31:15] Speaker A: It's. It's funny, though, when you buy a lot of. In the diamond game, you get a lot of industrial stones, you get stones that break, but the semi diamonds, the majority of the stones are high value. Right. [00:31:26] Speaker C: Okay. [00:31:27] Speaker B: So how. How is this Zimmy diamond unique? [00:31:32] Speaker A: It's got. It's got the highest nitrogen content for any yellow diamond in the world. [00:31:35] Speaker B: That make it. That gives it that yellow color. [00:31:37] Speaker A: So you only find it in that region and across on the border of Liberia and Sierra Leone. [00:31:42] Speaker C: That's an amazing color. I was just looking at your prospectus there. [00:31:44] Speaker A: Yeah. Yeah. [00:31:45] Speaker C: And it almost looks photoshopped. It's so yellow. [00:31:47] Speaker A: Yeah, yeah. That's my. [00:31:48] Speaker C: So that's the actual color right there. [00:31:49] Speaker A: That's the actual stone that I was talking about. Right. Yeah. [00:31:52] Speaker B: And that's right next to the gold. [00:31:53] Speaker C: Right next to the. [00:31:57] Speaker B: Wow. [00:31:58] Speaker C: Very impressive. It's good to. To hear about your good work and. Yes. [00:32:02] Speaker A: So this goal actually was. I had it in 2013 when I was doing Golden Chain Resources. [00:32:07] Speaker B: Yeah. [00:32:08] Speaker A: And the independent geologist there said. Cyril, he says, if I were you. That's why I put my first drill, because we think it's one of the richest deposits. [00:32:15] Speaker B: Yeah. [00:32:16] Speaker A: But I went after the diamonds because gold those days was about 900 an ounce and my extraction cost was about 650. So after the margins were just too risky and Understood. But today, gold is almost $3,000. Right. And I actually asked for the licenses back again. One of the reasons I got the license because the paramount chief at that time, his father died and he had just become paramount chief and he was studying law in the university, didn't have money, and I agreed to fund him and his wife for a degree. So we became really good friends. Today he's a paramount chief of moa, and he's a member of parliament for Kolima, so. [00:32:51] Speaker C: Oh, my goodness. [00:32:53] Speaker A: And you know, they've got. They just want to wipe out the. They just Want to wipe out the illegal miners down there. [00:32:59] Speaker B: Yeah, sure. [00:33:00] Speaker C: But still be a lot. [00:33:01] Speaker A: And it looked towards me to do it, so I consider it an honor, of course. [00:33:06] Speaker B: 100. So, I mean, obviously you hear a lot about blood diamonds and all this kind of stuff. How. How are you? [00:33:13] Speaker C: It's a real problem. [00:33:13] Speaker A: Oh, yeah, look, blood diamonds, I think it's a creation of the West. [00:33:18] Speaker B: Yeah. [00:33:19] Speaker A: To have a monopoly on it. Right. And of course it's right. It is right to want to do it correctly. So we in Millennium, we've actually been developing a blockchain platform because with the Zimi diamonds, we can have a complete chain of custody from mine to market. So you can actually put that blockchain. It gives us traceability and it gives us the diamond story. So if you buy a diamond, a Zimmer diamond that comes from us, you know where it's mindful, you know where it's going to cut and polish and you know where. So you know that whole history. [00:33:53] Speaker B: Right. [00:33:54] Speaker A: And it's some will be the first in West Africa to do it. So it gives it another impetus. It will bring the reputation of Sierra Leone another step forward. [00:34:06] Speaker B: Nice. [00:34:07] Speaker A: And so we're small, but we can help in small ways. [00:34:09] Speaker C: Yes. [00:34:10] Speaker A: And I think that makes a difference. Right. [00:34:12] Speaker C: Yeah, yeah, I did see that there's a. There's a practice of encoding diamonds with a. With a. With micro laser. [00:34:18] Speaker A: With laser, yeah. [00:34:19] Speaker C: Yes. You can't see it. You'd have to look at a microscope to see the. [00:34:22] Speaker A: Yeah. [00:34:22] Speaker C: Make his mark. Or the serial number. [00:34:24] Speaker A: Yeah, yeah. So, yeah, that's part of it. But having that whole traceability chain is what the young generation look for now. Right. They're very concerned with the environment and it is done properly. And so that blockchain would make a big difference for the way million minerals mine to diamonds eventually. [00:34:43] Speaker C: Absolutely brilliant. So I'm hearing that you are. You're a businessman, you're dealing in diamonds, you're looking after the community, you're working in the stock market as well. Blockchain work. Are you a property investor? Anywhere along the line. [00:34:58] Speaker A: That's the only thing I haven't done. [00:35:01] Speaker C: Well, you've come to the right place. [00:35:04] Speaker A: My father was after me for years. He said, yeah, go into properties. Right. [00:35:09] Speaker C: Go into property. [00:35:10] Speaker A: And even when I listed my first company, yeah. I came out, I was probably worth close to $20 million. Right? [00:35:15] Speaker B: Yeah. [00:35:16] Speaker A: I had a $600,000 mortgage on my property. I never chose to pay it off. [00:35:20] Speaker B: Yeah. [00:35:25] Speaker A: For some reason it never got got to me. I'm not sure why. It's probably. I mean, property is really good way to go. I tell my daughter now. Right, Yeah, I see. That's where you need to go. [00:35:34] Speaker C: We were just talking about the changes we've had and the markets, how we watch them move. [00:35:38] Speaker A: Yeah, yeah. [00:35:39] Speaker C: And it's. It's. It's been a roller coaster. [00:35:41] Speaker B: Yeah, well, it's different, isn't it? Like, we are dealing with properties. He's dealing with diamonds in Sierra Leone. So it's a different level of. [00:35:50] Speaker A: I like the adventure. [00:35:51] Speaker B: Yeah, yeah, it's a different level of adventure. And investing. [00:35:54] Speaker C: But you're investing, aren't you? These are investments. [00:35:56] Speaker A: Oh, these are pretty good. Look, these are pretty good investments, especially colored diamonds, because they make up like 0.01% of the market. So if you get something really good, it holds its price really well. Right? I mean, take that ring I have. That's from 10,000 281,000. [00:36:13] Speaker B: Right. [00:36:14] Speaker A: That 4.2-karat mark that sold for 365,000 today is in Hong Kong. I saw it at an auction about eight months ago, and they were asking for 650, 50,000 US dollars. [00:36:26] Speaker B: But that's colored diamonds. [00:36:27] Speaker A: That's colored diamonds. [00:36:28] Speaker B: That's colored diamonds, yeah. [00:36:30] Speaker C: Speaking about colored diamonds, is it true that there isn't any more red diamonds. [00:36:33] Speaker A: In the world now? [00:36:34] Speaker B: It's. [00:36:34] Speaker A: You're talking about the agroping diamonds in Australia. Right? So the agroping diamonds are like zimme. They're special. Right. It's one of his kind. You find pinks and yellows anywhere in the world. The Ellendale mines, you had one of the biggest yellow diamond deposits in which I think Tiffany farmed in like 90 million. Right. But they're very light compared to the zimmy diamonds. Right. So you get these diamonds everywhere. But yeah, the pink is. The algo pinks, that's just special in Australia. [00:36:59] Speaker C: And red. The dark red color. [00:37:00] Speaker A: Yeah, a dark red. Dark blue. They're unique, right? [00:37:03] Speaker C: So unique. [00:37:04] Speaker B: Yeah. Wow. So that mine obviously closed last year, which is what's kind of. [00:37:09] Speaker A: That's what pushed the price. [00:37:10] Speaker B: Push the price right up. Yeah. So I got my wife at Argyle diamond, so I can say I've got a. It's not a pink one, though. It's not a pink one. It's not a ch. At least I've got a piece of the agar alignment. So, anyway, we'll go into a bit of a break. And we are here talking with Cyril. You're listening to the Perth Property Bros. With Josh and Carlos, your voice, your community station. [00:37:39] Speaker A: You are listening to IPL radio. [00:37:42] Speaker C: And we're back with the Perth property bros. Carlos and Josh. [00:37:46] Speaker B: Did you see I cut you there really quickly so you couldn't see it in though. [00:37:51] Speaker C: And our very good friend Cyril here, special guest today, Carlos at the helm now. So we should be a smooth transition. [00:37:58] Speaker B: You're going to see. Yes. So it was a very interesting chat with Cyril, obviously. And obviously we always have better chats off. Off the radio. [00:38:08] Speaker C: I wish we should just broadcast our off air because we have the best conversations. [00:38:13] Speaker B: We do, we always do. [00:38:14] Speaker C: Especially with our guests because some, some guests come in quite nervous to be on the radio and they completely relax when they know that we're off the air. So then that's when the good chat stuff. Yeah, you're a natural. Anyway, you're fine, Cyril. Yeah. [00:38:27] Speaker B: So, Cyril, tell us a little bit about your background. Cyril, tell us where you're from. Like what's. What brought you to Australia? [00:38:33] Speaker A: I'm originally from Singapore. [00:38:35] Speaker B: Yeah. [00:38:36] Speaker A: I was born there, bred there. [00:38:38] Speaker B: Yeah. [00:38:38] Speaker A: I spent almost eight years in Indonesia. I used to raise formula cars doing the cross country from Jakarta to Bali. [00:38:47] Speaker B: You raced? [00:38:48] Speaker A: Yeah, Formula one car, not Formula one, saloon cars. So I did for cross country. [00:38:53] Speaker B: Oh, wow. [00:38:54] Speaker A: I used to drive the Mazda, so the MX6 when it first came out. [00:38:58] Speaker B: Wow. [00:38:58] Speaker A: So I did that for about 18 months and. Yeah. [00:39:01] Speaker B: Really? How. [00:39:02] Speaker A: Wow. [00:39:02] Speaker B: And what came out of that one? [00:39:05] Speaker A: Just wine, women and songs. I was young. [00:39:11] Speaker B: How old were you when you did that? [00:39:12] Speaker A: I must have been like 24, 25. Wow. At the time of my life. [00:39:17] Speaker B: Yeah. [00:39:17] Speaker A: Yeah. [00:39:18] Speaker B: Wow. So this was mostly in Indonesia, in Jakarta. I didn't know they have that. Is that, is that open to public? Like what, what is that? [00:39:29] Speaker A: It was. [00:39:30] Speaker B: Or is it more like. [00:39:31] Speaker A: It was exclusive to the rich at that time. [00:39:33] Speaker B: Right, yeah. [00:39:34] Speaker A: We're talking about maybe 35 years ago, so. [00:39:37] Speaker C: Yeah. [00:39:37] Speaker B: Ah, interesting. Because I actually got a very good friend and his dad deals with the important import and export of luxury cars. [00:39:46] Speaker A: Yeah. [00:39:46] Speaker B: And obviously when you're in that kind of circle of the millionaires group, they've got this racing that they do. [00:39:53] Speaker A: Yeah. [00:39:54] Speaker B: Every year. It's like a proper, like, you know, like a proper season and they actually go country to country racing. It was a very interesting thing that he was telling and I was like, you know what, I need to join this club one day. You think, Carlos, we can get into that group. [00:40:08] Speaker C: Let's do it. [00:40:09] Speaker B: It would be amazing. [00:40:10] Speaker C: I think family and look, I'm sure one of these guys are going to want to buy or sell a property. Because that's how it works, isn't it? [00:40:17] Speaker B: Yeah. [00:40:19] Speaker C: BNI a lot, actually, Cyril. Everybody needs to live somewhere. [00:40:22] Speaker A: Exactly. [00:40:22] Speaker C: Everybody's either renting or. [00:40:23] Speaker B: Or selling or owned or need to buy something. [00:40:26] Speaker C: So why not say to you, why not? Let's do it. [00:40:28] Speaker B: Yeah, let's do it. [00:40:29] Speaker C: If. If only for the networking purposes, let's do it. [00:40:32] Speaker B: All right. Sorry, you were in Indonesia. Tell us after that. Yeah. [00:40:36] Speaker A: And then just before Suharto drop down, step down, I came back to Singapore. But, you know, Singapore is so small. [00:40:43] Speaker B: Yeah. [00:40:44] Speaker A: Everyone is very competitive. At that time, every other guy, if you sit in the lobby of a hotel or a coffee shop, was talking about sand reclamation. And they know the A to Z of it. And it's like bubble tea. Right. The moment the bubble tea hit, craze hits. You've got like 10, 15 shops in. [00:41:01] Speaker B: A row selling in. [00:41:02] Speaker C: Of course. [00:41:02] Speaker B: Correct. [00:41:02] Speaker A: And I just hated the competition. Right. So I spoke to a friend in Perth and he says, why don't you come over here? And it's much more relaxed and no one competes against you. [00:41:11] Speaker C: Exactly. So did you study in Singapore? [00:41:14] Speaker A: I left school in a hurry, so I did secondary school and then I didn't want to progress anymore and I understood. [00:41:20] Speaker C: Yeah. Oh, the Singapore business people I've met, very, very hard working. It's just like they instill it in. In at a very young age. [00:41:27] Speaker A: Yeah. [00:41:27] Speaker C: And the ones that progress through, they just have this, this work, just push and push. [00:41:31] Speaker A: Yeah. I think it's because I left school in a hurry that I was able to think outside the box. I had to think outside of the box to survive. Right. [00:41:40] Speaker B: Yeah. Wow, that was interesting. So what made you go into, obviously your company that you're doing now, gold and mineral and exploration. I mean, it's not something you hear every day. [00:41:49] Speaker C: Yeah. [00:41:50] Speaker B: It's just what made you dive into. [00:41:52] Speaker A: That area I've been involved in. When I was 25 years old, I got a letter of credit through a friend of mine from echoac. Echoek. And it was, if I'm not mistaken, it was out of. It could have been out of Ghana. I can't remember the country that issued it, but an LC to supply rice to African countries. $90 million letter, commercial letter of credit. Right. But you had to reconfirm the commercial letter of credit because the risk was high and traveled around it for one and a half years. And just as I got a bank to endorse it, the government fell. Right. Sorry. It was not Ghana. It was Liberia. Liberia. So it was issued out of Liberia. Supply rice to Echo where I can. That's got me started in Africa. [00:42:42] Speaker C: Really? [00:42:42] Speaker B: Yeah. Wow. [00:42:43] Speaker A: I dabbled in gold in a little bit in Ghana and. And since then I've always been fascinated by it. So when a chance came for me to go back to Africa, I took that and I like it again because there's no competition. Right. [00:42:58] Speaker B: Yeah. [00:42:59] Speaker A: Everyone is afraid of the risk. Right. Everyone thinks it's dangerous. I personally think it's more dangerous to walk in Northbridge at night than to walk the streets of Freetown. [00:43:08] Speaker B: Really? Now, Cyril told me a very interesting story. You know, when you go into Sierra Leone and stuff, normally you've got full on bodyguards. [00:43:17] Speaker C: Sure. [00:43:17] Speaker B: You know, with guns and everything like that. [00:43:19] Speaker C: Sometimes I imagine. [00:43:20] Speaker B: Do you know Cyril walks without one. [00:43:21] Speaker C: Do you? [00:43:23] Speaker A: I. I think when your intentions are right, you don't screw people and you get along with the locals. [00:43:28] Speaker C: Yeah. [00:43:28] Speaker A: You don't have to worry about it. Right. So. [00:43:32] Speaker C: Well, I had my property manager, when I had my previous agents, he went there and I think within the hour of leaving the airport, somebody had him on the ground at gunpoint. [00:43:41] Speaker A: Yeah. [00:43:42] Speaker C: And they took his wallet in his phone. [00:43:43] Speaker B: Wow. [00:43:44] Speaker C: It was that quick, you know. [00:43:46] Speaker A: So we. Sorry. I started first in Liberia. I was asked to go to Liberia and went there and. And this is again, it's probably the seventh or eighth poorest nation in the world and the government wanted to give us tenements. So we actually took a car and we went to visit land areas. And as I was walking, as we were driving along, there's these women carrying water on the head. Jerks or water on the head walking with children. And we drove past and then suddenly suv, brand new SUV came behind and the women, they just threw the water and ran away into the bush. [00:44:20] Speaker B: Really? [00:44:20] Speaker A: And I asked the driver to stop and I said what's happening here? And he said, said, oh these, these are the Lebanese that come in. And sometimes they take the children and you know, the people are worried and especially when they see a brand new vehicle. [00:44:34] Speaker C: That's right. [00:44:36] Speaker A: And they just run away. And I said, okay, stop the car because we're jerry cans of water inside. And I said, pick up all the jacks. We'll just fill the waters and leave them on the road. That's what we did with six containers. We almost finished our waters. [00:44:49] Speaker C: Because you knew they were going to come back for them. [00:44:50] Speaker A: Yeah. And then we continued on and we drove in all vehicle. [00:44:54] Speaker B: Right. [00:44:54] Speaker A: I didn't take a brand new. We drove an Old Land Rover and went, this is the mine sites. And came. As I came back, the people were there waiting on the street first. [00:45:01] Speaker B: Oh, really? [00:45:02] Speaker A: Well, just to say thank you. And that just touched my heart. [00:45:05] Speaker C: So. [00:45:05] Speaker B: Yeah, yeah, yeah. [00:45:07] Speaker C: When you talk about these countries and, and the minds, it reminds me of that movie I watched, a blood diamond. [00:45:12] Speaker A: Blood diamond. Blood diamonds was real, right? [00:45:14] Speaker C: Accurate. Was this accurate? [00:45:15] Speaker A: It was what was highly accurate because it was Charles Taylor from Liberia, the former president that actually went into Sierra Leone to go after the diamonds, right? And I actually met with Jewel Taylor, who's the wife of Charles Taylor, when I was in Liberia. I mean, I met Jewel Taylor, I met Prince Johnson, all these people that they talk about. [00:45:36] Speaker B: And. [00:45:38] Speaker A: And I asked Charles, Jewel Taylor, I said, is your husband really the blood sucking? [00:45:42] Speaker B: Really? [00:45:46] Speaker A: And she said, no. [00:45:47] Speaker C: She said. [00:45:47] Speaker A: And she showed me a document which was issued by a certain country that said that asked them to sign over their rights of gold and diamonds. And he refused to do it, right? [00:45:56] Speaker C: So. [00:45:56] Speaker A: And that's why he went to prison. He said, look, he says he was a really good man. He was voted in by the people. His only greed was he went after the diamonds in. That was his biggest mistake, Right, of course. [00:46:09] Speaker B: So from Liberia, tell us what happened then. [00:46:12] Speaker A: So I had mining tenements in gold mining tenements in Liberia. And we actually built a clinic there originally just to win the hearts of the people, right? I remember going in there with my American friends and again, the people, they were just not receptive to you. And I thought we needed to do something good. And the president of Liberia at that time was Sirly Johnson. She was a doctor and a friend of mine had. She was trial doing trials on a HIV drug at the John F. Kennedy Hospital in Monrovia. And yes, and I said, we need to do something and different. And we wanted to see. The president says, if I open a clinic, can we take the drug out and so that we can treat people? And she said, yes. She said, do you have experience? I says, no. And she says, do you have money? I said, no. [00:47:02] Speaker B: She said, details. [00:47:09] Speaker A: She says, if you want to do a clinic, what you want? And I wanted a whole clinic. She said, you need at least $3 million, right? And I said, oh, maybe I'll go back and talk to my friends or something. And she says, oh, why don't I give you some mining tenements, right? And I says, look, here's the deal. And I was talking to one of her friends and I said, let me build it. If I can build a Clinic, you give me one of the best tenements you have, right? And she said, okay. But she says, I'm not. I don't think you can do it. And. [00:47:41] Speaker B: Oh, okay. [00:47:43] Speaker A: This was the time when the sanctions were in full force in Liberia, right? So, you know, I've just gone into this place in the villages and seen on a table, probably longer than this, stacks of gold and diamonds. And I asked him, I said, you have all this thing. Why do you need me? The sanctions are in place. At times we have to sell the gold at cutthroat prices to even, you know, people from United nations and stuff that were reckless, those Bangladeshis and stuff like that. We've got to sell the diamonds at like 30, $40 a carat. Who want to break the metonymy, right? And in my mind, who am I to fight the United nations sanctions? [00:48:22] Speaker C: Right, yeah, of course. [00:48:23] Speaker A: And we've just seen it. I was driving out at night. There's no light. And I'm driving out and I turned around and I saw this huge sign that said, why has God deserted me? And that somehow became a calling for me. [00:48:34] Speaker C: And. [00:48:36] Speaker A: And I said, I give it a shot. So I went back to Singapore, spoke to my friends. I said, hey, come on, how about contributing, right? Let's get some money and get a clinic up and what's your way out? I says, give me five years and I'll give you an ipo. And right. And he says, but you don't have anything. I said, don't worry about it. Right. I said, look. I says, every night you go to nightclub, you spend a thousand dollars. [00:48:59] Speaker B: There you go. [00:49:01] Speaker A: Even if I don't succeed, it's gone for a good cause, right? [00:49:03] Speaker B: Yeah. [00:49:04] Speaker A: And surprisingly enough, a friend of mine came out and said, I'll give you 50. And this was in a nightclub. I'll give you 50,000. And then it just started real. And we raised that money in less than under two years, right? Nothing. And a friend of mine established a clinic and stuff. And then I got called and they actually gave me a gold mining tenement. And just as I was about preparing to put that company public on the London Stock Exchange, I had a call from a friend in Sierra Leone, and he says, look, and I was in Freetown, he says, why don't you come over? He says, the Minister of Justice wants to see you. And I said, why? He says, oh, he wants to talk to you about mining and stuff. And I was reluctant because two years before, I lost 500,000 in scam trying to buy go right. [00:49:51] Speaker C: Did you? [00:49:52] Speaker A: Sounds like. I says no. And he said, look, he says, anyway, to go back to London, you had to go through Freetown because it flies from Monrovia to Freetown. And I said, I've got one condition. He says, what? He says, if this guy, you know, and he was the Attorney General justice, this is serious. I said, he needs to come on the plane and pick me up. If he comes and pick me up, I'll come down. Right. Otherwise I'm going to fly off. [00:50:19] Speaker B: Yes. [00:50:19] Speaker A: It's going to be another scam. [00:50:20] Speaker B: Right. [00:50:21] Speaker A: And I. And I said, knowing that it's not going to happen. And of course, when I landed in Freetown, the Minister of justice, he came up and shook my hand. He says, I'm Frank Carver. And I started sweating, right. It was a real deal. And I went down and we just hit it off. We became good friends until today. He's. He's a partner of mine and. [00:50:43] Speaker B: Nice. [00:50:44] Speaker A: And I decided I'd go with Sierra Leone rather than Liberia. So I sold off that tenement to another Australian listed company down here. Can't remember what the name was. It was a mistake because it was one of the best school tournaments and I started in Sierra Leone, but, you know, I was comfortable in Sierra Leone because number one, it was English law and number two, I had the backing of the government. Right. Right from the top to the bottom, which I felt was important. [00:51:11] Speaker B: Yeah. [00:51:12] Speaker C: So everything you've achieved, all of these relationships, the, the mining tenements, what you've achieved for the, the schools and. [00:51:19] Speaker A: Yeah. [00:51:20] Speaker C: What you've provided, it's all come from the relationships you've built. [00:51:22] Speaker A: It is. It is about relationships. Right. [00:51:24] Speaker C: Every part of it. You know, because you came to our BNI the other day, this is one of the core values we were talking about, building relationships, how we do business. [00:51:31] Speaker A: Yeah. [00:51:32] Speaker C: So you're doing business how it's been successful. [00:51:34] Speaker A: I was, I was originally a member of BNI Fairways and I joined, I think Just Covid was going, a shareholder of Mindset. Come on, the borders are closed. Why don't you come to bni? And I would have raised easily through bni, almost a million dollars in share subscription. Right. And I use it in a different way. People tend to think inward and stick to their chapters. Just as I thought I raised enough money and I was about to go away, I had a call from John Williamson and says, oh, it's the, it's the National WA Conference. Right. Why don't you become a sponsor? And I said, how much? And he said $5,000. And to me it was a no brainer, right? $5,000 to speak to 450 people. That's. [00:52:16] Speaker C: That was the gold sponsorship that you got to speak at the breakfast. [00:52:19] Speaker A: Yeah, and I got to speak at breakfast. I did that. And eventually after that, just as a guest thought I needed to move to another level, I got asked, sponsor the national conference in Sydney and I did it. And that opened the doors to the eastern states for me. Say that, but it's not only opened the doors to the eastern states, it. We met someone from India, Pawan. Pawan does all the stationary and he's opened the Indian market for me. Right, incredible. So if you know how to use vni, it is really, it is strength in numbers and it is not just about your chapter, it's who you know. [00:52:51] Speaker B: Who you know, who you know. Yeah. [00:52:53] Speaker C: Like we were talking earlier about some of the high level networking groups and there's just different fees. Obviously the fees keep going up and up. When I went to the Tony Robbins seminar in Texas, yeah. They had a platinum group. Like I was sitting near the front and they were in front of us, it was several rows and they get a lot of access to those, those events and they sort of get access to the events around the world because he seems to move around. But to be a member of that class club, it's a lot of months, 100,000 US. [00:53:24] Speaker A: Yeah. [00:53:24] Speaker C: To be a member of that club. Now that might seem out of reach for a lot of people, but if you're operating at those levels. [00:53:29] Speaker A: That's right, yeah. [00:53:30] Speaker C: The people that you're mingling with, meeting as you're sort of hopping to different countries in those groups, you know, they're. [00:53:37] Speaker B: They'Re big time people on a different level. [00:53:39] Speaker C: Yeah, different. They're running businesses on enormous scales and they're the people that you're networking with. This isn't a B and I chapter in Covert. [00:53:47] Speaker A: I met a guy called Sri Rati who runs Corporate Connections, which is the next level from BNI. It's strictly for CEOs that earn $5 million in above. And he was a director and he had a booth down there and we got along well. So actually now on the 7th of. I leave Perth on the 7th to go to Tokyo on the 9th for their global summit. And I'm one of the speakers at the summit. So it's, it's opened even more markets. [00:54:11] Speaker C: For me on top of that. Yeah, well you leverage these connections. [00:54:15] Speaker A: Yes, that's right. Yeah. [00:54:16] Speaker C: It's one thing to turn up yeah, even when I go to other BNI chapters, it's one thing just to go there and spend the time you have to walk away with a one to one at least. Yeah, or a connection or a business card or something. [00:54:25] Speaker A: Well, I used to give away diamonds for the gala awards. Right, so did you. So every time I walk into a B and I chapter. Oh, here's the diamond guy. [00:54:34] Speaker B: We're the wrong thing. Where's the wrong group? Yeah, all right, all right. [00:54:41] Speaker C: We're going to go to a quick break actually. I'm looking for the. The diamonds. Where are they? Did you bring some samples? All right, everybody, you're on the Carlos and Josh Property Show. And here's Somewhere 69, Brian Adams. [00:54:56] Speaker A: The best music from the 60s to today. IPL radio. [00:55:02] Speaker C: And we're back with Perth Property Bros. Carlos and Josh. And our very special guest, Cyril. You enjoying yourself, sir? [00:55:08] Speaker A: Oh, I am definitely. [00:55:11] Speaker B: I think you are witness here today to some of the mistakes that Carlos has done on air, which I'm very happy about. Yeah, Repeated songs, not pressing the button. Oh my God, you would press the number five there. I don't know what that is, but. [00:55:29] Speaker C: I'll have to teach you what it is, mate. Well, yeah, so the untrained eye. Looks like a mistake, but it was quite intentional. [00:55:36] Speaker B: We know what not to do, Is that what you're trying to say? [00:55:38] Speaker C: Oh, exactly. I'll show you. [00:55:39] Speaker B: All right. So anyway, yeah, we're here with Cyril again. We're talking everything about Zimi, diamonds and gold was been very interesting, isn't it? So, Cyril, we've talked a lot about community, we talked a lot about goodwill and what you've done to the community. I think it's, it's very inspiring. There's lots of things that you do. So tell us a little bit about why you're doing all this for like, you know, what's the end goal of all this? What's the. What are you trying to achieve? Where's the, where are you headed? What's the legacy you're trying to leave here? [00:56:10] Speaker A: I've got this motto. It's called turning dreams into reality. Right. [00:56:14] Speaker B: Yeah. [00:56:14] Speaker A: These people are so poor that if you give them hope and you can turn that hope into reality, it's an amazing legacy to leave behind. You know, if you can dream about giving a better life, not just for yourself, but also for your children, it's amazing. And what touched me was I went back to Sierra Leone. I think this was about eight, nine months ago. And normally when you go back, you have A stack of ten thousand dollars, a thousand dollar bills in your pocket because everyone puts out their hand and you got to give it. Right. I was surprised when I went back this time. This young generation that had grown up, Right. They're not interested in that anymore. Right. They're interested in how they can bring the country forward. Right. How they can make a change. And they actually wanted shares. I prefer to take shares in your company and help you grow and. Wow, that was really fascinating. [00:57:05] Speaker B: Really. [00:57:06] Speaker A: Well, it's a different generation that's thinking a different way and I think that's where Africa is heading. Right. And that's inspired me even more. So. [00:57:14] Speaker B: Interesting. Yeah. So tell us a little bit about. I think that speaks a lot about the givers gain philosophy that we and I have, isn't it? Yeah. [00:57:23] Speaker C: The more you give and, and to lead by example. That's what I got out of it. [00:57:26] Speaker B: Yeah. [00:57:27] Speaker C: You know, if you're leaving a legacy behind, you're, you're showing that it can be done, not expecting somebody else to just get up and do it. [00:57:33] Speaker A: That's right, yeah. [00:57:34] Speaker B: Yeah. And I like that also, you know, when everyone just got up and left, you were still there to make sure. [00:57:40] Speaker A: That it's the right thing to do. Right. I mean, it's basic needs of food and water. Right. These are the guys that find the diamonds and the gold for you in good times. I mean, when the chips are down, you need to be there, right? [00:57:52] Speaker B: Correct. So tell, tell us a little bit about the, you know, importance of building a long term goodwill, especially, you know, internationally. Like now you're doing that with cr, Leon. [00:58:05] Speaker A: Yeah. [00:58:05] Speaker B: Obviously you've also had a bit of a, some background in, in Liberia and stuff. Obviously for us, we don't know much about these countries. All we hear is all the war stories and the guns that people are holding as they walk around. And you are telling, you're painting a very different picture of it. [00:58:21] Speaker A: It's a beautiful country. [00:58:23] Speaker B: Oh yeah. You hear a lot about it, but, but you don't get to experience it, you know, so how, how important is it that, you know, you build that good relationship, that goodwill and then you go, go on to build your own business. [00:58:40] Speaker A: Look, I think it's very important. I mean, I've been approached by some of the bigger companies, jewelers that are way bigger than me on how they, they can get a bite of the pie. Right. And I find it fascinating, you know, to be approached by these people and for me to be able to do what I do, I think it's Just a different. It's working on different levels. Right. I mean, for, for people in the government and paramount chiefs to say that you are the one that I want to work with. That's, that's satisfaction. [00:59:17] Speaker B: Not many people can put the President on hold for the next 12 to 15 weeks, is it? Sorry, Mr. President, I'll call you back. Maybe. [00:59:29] Speaker C: If you play a card. [00:59:30] Speaker B: Yeah. [00:59:32] Speaker A: Africa is corrupt and the corruption is there, but that's for someone else to clean up. Right. I think it's companies like us, if we do things the right way and we set a precedent, then others follow. Right? [00:59:45] Speaker B: Yeah. [00:59:45] Speaker A: And that's about it. [00:59:46] Speaker B: Correct. So has there been anyone coming recently that's following in your footsteps? [00:59:53] Speaker A: Not really. Right. I've got, you know, approached by Joe. So I almost did a joint venture with one. But the problem with all these people is everyone is after the diamonds or the gold. [01:00:04] Speaker B: Right. [01:00:04] Speaker A: So they have to exploit because in order to get maximum return. [01:00:07] Speaker B: Yeah. [01:00:08] Speaker A: I make my money on the stock market. Right. [01:00:10] Speaker B: Yeah. [01:00:11] Speaker A: I'm a storyteller. If you give me the news, if I get the news from the people and stuff, I know how I can write the share price. Right. So I don't really have to exploit the people locally. I can give them fair return. [01:00:22] Speaker C: Of course. [01:00:23] Speaker A: And when you give them fair return, you get a lot of good stuff. I mean, when I did my previous company, we did the airborne Data. We paid $230,000 to get technical airborne data. We had hotspots and we went looking for the diamonds. We couldn't find any. Right. And I spoke to one of the local guys, Kamara, and he says, boss, he says, listen to us. We put our. Well, I read Indians, we know where the diamonds are. And he shifted me. Almost was 80km from where we were drilling. And that's where the technical data showed that the airborne survey showed there was a hot spot 180km away. He said, look, this is where the diamonds are. [01:00:59] Speaker B: Right. Very well. [01:01:01] Speaker A: And we extracted not even 5 meters in the ground. We started fighting diamonds and we wouldn't found a couple of purple diamonds. Right. [01:01:07] Speaker B: So wow. [01:01:08] Speaker A: That's how important the locals are because those are the sons of the soil. [01:01:12] Speaker B: They know where it is, obviously. Yeah. [01:01:13] Speaker C: They. [01:01:14] Speaker B: They know where it is. Yeah. [01:01:15] Speaker A: And eventually it was would leave the jackpot of finding a pipe. Right. [01:01:19] Speaker C: Now I've got a question here from one of our listeners asking about your, your racing days. [01:01:24] Speaker A: Yeah. [01:01:24] Speaker C: Asking what sort of cars did you race? Touring car, open wheeler or sports car. And what was the series called? [01:01:31] Speaker A: It was Just a saloon Mazda MX6. [01:01:33] Speaker C: Saloon Mazda MX. [01:01:34] Speaker A: It was the first two door cars in Indonesia. [01:01:37] Speaker C: Then the turbo one. Yeah, yeah. 2.2. [01:01:39] Speaker A: 2.2. It's amazing. [01:01:42] Speaker C: Yeah. [01:01:42] Speaker A: I have one first turbo car in Indonesia. Those days they didn't allow two door cars because the people, they thought it was extravagant. Right. So the government didn't allow it. So the Mazda MX6 was actually the first and they had a 2.0 series. [01:01:58] Speaker C: Yes. [01:01:58] Speaker A: And then the 2.2 came in and so I had won. The president's son had won. And after that, of course. And then I did it for Mitsubishi with the Mitsubishi Galan for a while. [01:02:09] Speaker C: Yeah. [01:02:09] Speaker A: And then, and then I stopped in. [01:02:13] Speaker C: And what was the name of the series in Indonesia? [01:02:15] Speaker A: There's no series, just a cross country race that's organized by these, these people in this group. Right. [01:02:22] Speaker C: Wow. [01:02:22] Speaker A: So they have a circuit in Jakarta called Anchor. There is a circuit, but I, I was nervous on the circuit because the cars are so close to each other. I didn't have the guts. Right. But cross country is a little bit more relaxing and, and yes it is. [01:02:36] Speaker B: So how far? What, what's the distance like? [01:02:38] Speaker A: Oh, it's Chicano to Bali. Is almost 800. Over 800 kilometers. Right. It's a two and a half day race. [01:02:45] Speaker C: Oh. In partly because of the road. [01:02:47] Speaker A: Yeah. Take a ferry across and yeah. [01:02:49] Speaker C: You can be in Albany in six hours from here. Nice straight, easy road. [01:02:54] Speaker A: It's different two days in. Yeah. [01:02:57] Speaker B: All right, well, let's talk a little bit about your IPO and your vision for it. You want to tell us a little bit about that and what's happening in that space? [01:03:07] Speaker A: We're in the final stages. We're doing the last stages of raising the pre IPO which is 2 pence. We expect the stock to go public in London in the last quarter of this year. So somewhere between September and October. And the strike price for that is 5 pence. So that's a good 150% return. You know, Zimmy diamonds used to be our main attraction but you know, gold has now taken priority over it. It's really. Wow. Yeah. It's now $3,000. So that's becoming really interesting without a couple of offers from people on the go to take that goal out, post IPO and list it somewhere else. So it's starting to look exciting. The semi diamonds, they are sought after diamond. Right. Because they're the only one of its kind. So I'm sure would get a bite from major jeweler that wants to farm in. So I think the IPO would do really well. And Trump has reset the markets crash the markets, which I think is brilliant because markets needed a readjustment. So going in over the next six months is the right thing to do and we can ride that wave. And we've got good stuff behind us. Post ipo, we actually got deals. A deal going on through our chief geologist, Nigel, to acquire mine in Colombia for the emeralds near Muzo. So the Colombian emeralds are one of the best emeralds in the world. So my focus is just to stick on. Stick to gold and precious stones and. [01:04:32] Speaker B: Yeah. [01:04:33] Speaker A: Create a niche down there. [01:04:34] Speaker B: It's got quite a few, isn't it? So it's a Colombian emeralds. You've got the Zimi diamonds. [01:04:38] Speaker A: Yeah. [01:04:39] Speaker B: And the gold from. [01:04:42] Speaker A: Also from Sierra Leone. [01:04:43] Speaker B: Right. [01:04:43] Speaker A: Also the more region. Right. So they're about 100km apart. [01:04:46] Speaker B: What else do you do? [01:04:48] Speaker A: Nothing else. Right. So look at the moment. That's what's interesting. [01:04:52] Speaker B: Yeah. [01:04:52] Speaker A: It's like when I did the first ipo, that's what it was. Interesting. And then I worked with the top advisors here, Price Awski and the partners, and they said, what are you doing? It's impossible. But I listed in London and when I came back, he, you know, they gave me a biotech company here, which is called Nahax Life Science. And then. And then we were supposed to go after diamonds in guinea at that time, but the commodities market crashed. And Adam came to me and said, sure, we've got this company out of Queensland that does biotech and this is one we reverse. Reverse. Do a reverse takeover for it. And I said, okay. And it was coming called rap. You would cough into your phone and analyze you for bronchitis and pneumonia and was more accurate than a doctor stethoscope. [01:05:40] Speaker B: Coughing into the phone. [01:05:42] Speaker A: And that stock went from. I mean, I stepped down after a year, but that stock went from $0.02 to $0.58. It was the top 200 stock, ASX. And eventually they had. They discovered that you could actually analyze it for covet. And surprisingly, Pfizer bought them out. I think it was two years ago, $197 million and destroyed the company. [01:06:04] Speaker B: Wow. [01:06:05] Speaker A: So anything that gives me a good. I like to do something that's not normal. [01:06:10] Speaker B: Yes. [01:06:11] Speaker A: Like iron. When everybody runs something unique and good. See away from the competition and then you can really work it and make it. [01:06:18] Speaker B: You seem to have a good eye for it. [01:06:21] Speaker A: Because I'm not in a rush for anything. Right. So I take my time. I mean, this one has taken five Years. I've got a lot of impatient shareholders, but I tell myself I need to do it at the right time. [01:06:30] Speaker B: Right. [01:06:32] Speaker C: So for our listeners, an IPO is an initial product public offering. Initial public offering. So what does that mean? [01:06:39] Speaker A: So the stocks go public on an exchange. In this case the London Stock Exchange. [01:06:44] Speaker C: Okay. So the stocks are now that the public can buy. Right now your company in, in. On the London Stock Exchange. [01:06:50] Speaker A: When it goes public right now, there's a pre IP offering. You've got to buy it directly from us. [01:06:54] Speaker C: Okay, and what does that mean for your average sort of, you know, person in the community if, if they invested say 100,000 in, in these shares. [01:07:04] Speaker A: Yeah. So it's 100, it's almost 150 return on the IPO. From the pre IPO to the IPO price. It's 150 return. Where it goes from there is how we run that company. I'm pretty confident that it's just good product. And with the interesting goal, that stock should do really well. [01:07:25] Speaker C: How interesting. And the returns there quarterly, annually. [01:07:28] Speaker A: No, that's on. On your share value. [01:07:30] Speaker C: Right, on your share value. Okay, understood. Okay. [01:07:33] Speaker A: And I think by doing the alluvial dime, because these are high value diamonds. I mean the polished diamonds can sell for as high as 100, 000 bottles per carat. We could become one of the fastest companies to produce revenue in the first year just by buying alluvial diamonds and polishing them and selling them out. So, so that's another milestone that's interesting that we can meet. [01:07:54] Speaker C: $100,000 would buy you how many shares. [01:07:57] Speaker A: The $100,000 would buy you at pre IPO price? 10,000 would buy about 500,000 shares. So yeah. [01:08:08] Speaker C: How interesting. Yeah. Just saying in case anybody was wondering what, what an IPO is. [01:08:13] Speaker B: Yeah. So. Well, what about if somebody wanted to actually invest in the company? What, what should they do? Who should they contact? [01:08:21] Speaker A: Go on to our website, www.millionminerals.com or drop by the office, have a chat with us and always happy to entertain you. [01:08:31] Speaker B: Yeah, I think Cyril is always available to obviously have a chat. What's wrong there, Carlos? [01:08:42] Speaker C: We might be off the air. I think we're having some technical difficulties, Ken. So let me go to a break and do a reset. Hold on a second. [01:08:50] Speaker A: More music, Better mental health. Only on IPL radio. [01:08:57] Speaker C: Okay. And we're back after a very short intermission there just to do a quick reset on our system. Cyril, you were telling us about the share prices and even off the air we were Just talking about how the shares divide and the. And the cost. [01:09:08] Speaker A: So you're asking me how many shares do you get on a 100,000 Australian dollars. [01:09:11] Speaker C: Yes. [01:09:12] Speaker A: So it's about £50,000. At 0.02 pence, you get 2,000,500 shares. [01:09:18] Speaker C: Absolutely. Incredible. I've actually got a question here from one of our listeners asking whether you have to be an Australian citizen or can you be an Australian citizen to buy these shares? [01:09:27] Speaker A: You can be an Australian citizen to buy the shares. So we, for the float, we use a British Virgin island company called Millennium Minerals pvi and that's the vehicle that lists on the London Stock Exchange. So, okay, there are no restrictions as who can buy the shares. [01:09:40] Speaker C: So if. So if I wanted to go out, say out the door right now and, and buy these shares pre IPO or after they're launched. [01:09:47] Speaker A: Yeah. [01:09:47] Speaker C: What would be the process? [01:09:48] Speaker A: So after their launch, you have to buy it through a stockbroker. Right. Because it's straight. You don't buy it from us anymore. [01:09:54] Speaker C: We actually know a good one is in one of our groups. [01:09:57] Speaker A: Pre ipo. You got to buy it from us. [01:10:00] Speaker C: Pre IPO from you, and then through a stock broker. Then they'll be licensed and they'll be trading nationally and internationally. [01:10:05] Speaker A: Yeah. [01:10:07] Speaker B: So share with them, Cyril. How do they contact you and what's the best way to do it? [01:10:13] Speaker A: Well, you could come to office. We're at C1 1, the Esclat Mount Pleasant. The office phone number is 086507, 4853 or email us at infoilleniaminerals.com M I L L E N I U M M I N E r a l. [01:10:30] Speaker B: S.Com Excellent and great day. [01:10:33] Speaker C: Millennium Minerals. And I'm looking at the logo. It's actually very well done. [01:10:37] Speaker B: How did you come up with that? How did you come up with that name? [01:10:40] Speaker A: Well, we started as Millennium Capital because we were originally looking at becoming a hedge fund. And then we got offered a tenement. So we, and I kept the Millennium Capital name for a while, but the advisors in London said, look, you need something that identifies you with what you do. So the day traders in UK would come after it. So Millennium Minerals was the next choice. [01:11:02] Speaker B: I see. That was really nice. What do you think about that, Carlos? [01:11:07] Speaker C: Oh, well, it's very interesting. And, you know, if there's anything I know about the stock market, you know, you, you don't know which company is going to really, really get, get big and get those amazing returns. That's why we rely on our Stock brokers, they do the research. The good stockbrokers actually go out on site. They go to these places, they meet with the chief executive officers, they look at the business structure, they look at the planning, and then they start making educated estimates based on what their research turns up about what's going to be a sure bet. There's a lot in this. It's not black and white and it's never a guarantee by any means. [01:11:42] Speaker A: There's always that risk. Pre IPOs are highly risky because there's always that possibility that a company will never go public. So you need to know who you're investing in. [01:11:52] Speaker C: You need to know. And that's what their job is, especially the. The interactive ones that really get in there to do the research. I think this has all become quite popular with the advent of cryptocurrency. [01:12:02] Speaker A: Yeah. [01:12:03] Speaker C: Because there's been coins launched left, right and center. [01:12:06] Speaker A: It's amazing. Right. So, yeah, crypto is here to stay, whether we like it. I never used to touch it, but now, because I have this blockchain platform, I could probably do something with it. So I've got to learn. Right. So I dabble a bit in it just to learn. It is a fascinating world. It's here to stay, whether we like it or not. [01:12:24] Speaker C: Oh, it is. Yeah. Some coins have been enormously successful. Others just disappear. What I find interesting is that you could buy an. An IPO coin, you say 0.0000001 of a cent and say, buy $20 worth of it. And if that coin strikes overnight, all of a sudden that $20 has turned into $200,000, you know, but this is how volatile it can be in the stock market. [01:12:48] Speaker A: So I was offered bitcoin just after my first ipo. A friend of mine came up to me, you're worth something. Now. When you take a hundred thousand and buy Bitcoin and it's 25 and I just refuse to touch it, there's nothing in there that backs it up. Right. So that's. [01:13:04] Speaker C: I had a similar experience from bitcoin. Was sitting at 500. [01:13:06] Speaker A: Yeah. [01:13:07] Speaker C: So that was 2013. [01:13:08] Speaker A: You have to. Sometimes you need to take that leap of faith and. And you got indulge yourself in new technology. Just can't keep away from it. [01:13:17] Speaker C: Exactly. [01:13:19] Speaker B: I was just about to say this is a property show, end of the day. So. [01:13:23] Speaker C: Yes, I know. We're selling diamonds. [01:13:25] Speaker B: Yeah. Yeah. [01:13:27] Speaker C: We might be throwing in a few extra diamonds with every sale. [01:13:30] Speaker B: Huh. You never know. [01:13:32] Speaker C: As. As a promo. [01:13:33] Speaker B: Oh, we give the gift of A diamond to each person who buys a house. [01:13:37] Speaker C: Yes. [01:13:37] Speaker B: You know, so anyway, back to a property show. So obviously you've delved yourself into buying and selling. What do you think about what's happening in the property market at the moment? [01:13:48] Speaker A: Look, Australia is still, you know, we're migrant population, we're growing population. Right. Even if the property market were to go down, it would be a maximum of 10 adjustment if it goes there. But I think it's just, yeah, we're good for the next 20 years without an issue. And, and that first property is always a really good investment. [01:14:09] Speaker B: I think anything property is always a good investment and I think we touched on it last week and you never really know or learn about it until you actually get your foot in there and then you'll actually naturally start learning about investment property investing the risk, the pitfalls, what it takes to hold one, what it takes to get another one, you know, that kind of thing. [01:14:30] Speaker A: So there's only so much land, right? [01:14:32] Speaker B: So yeah, 100%. [01:14:34] Speaker A: There's only so much good land. So it's limited in supply no matter how big a country you are. [01:14:38] Speaker B: I think anyone from Singapore or Hong Kong will know that. [01:14:42] Speaker C: Yeah, they have to get very creative in Singapore with how they use their land and dispose of their waste and how they manage their energy. [01:14:51] Speaker A: Yeah, I mean I, I bought my property at Windrop 2009. I paid, I paid 830,000 for it. I sold it last year because I wanted to buy a little bit more my shares. But I got like $1.7 million back. Right, that's a good return. [01:15:09] Speaker B: Right, that's a good return. Yeah. [01:15:10] Speaker A: I still regret selling it though. [01:15:14] Speaker C: Like the mine. [01:15:19] Speaker B: There you go. [01:15:20] Speaker C: How interesting. [01:15:21] Speaker A: Yeah, property is always good. I mean, because I never did it, I now encourage my daughter to do it. I encourage all my staff to go in it and a lot of my staff have shares in the company as is. When the price is right, sell it. Go buy yourself. [01:15:34] Speaker B: Go buy yourself. Look for Carlos and Josh. Thank you. [01:15:39] Speaker C: You got it right, Carlos. Gosh. [01:15:46] Speaker B: Well, they have to sell first, then you have to buy later. So. [01:15:49] Speaker C: Yeah, that's exactly right. [01:15:51] Speaker A: Just imagine if you put a hundred thousand with me, you could buy a property after that. [01:15:59] Speaker C: So it's projected 150 return. So that means a hundred thousand dollars would turn into one at 250. [01:16:05] Speaker A: But that's on the IPO, right. And if what happens after that? [01:16:09] Speaker C: It's up to the market. [01:16:11] Speaker A: It, that's very. It's a good possibility that share price would run really well, right, so. And diamonds are amazing. All you need is that. You need to find that one magical diamond that's 500 carat or 700 carat. And that, that's all you need. And that does wonders for the stock. [01:16:27] Speaker C: Right? This is a common thing. It happens. [01:16:29] Speaker A: So we had this pastor in Sierra Leone, right. And he had the river flow behind his house, and he had two guys there, they were jigging just for diamonds to find small diamonds. [01:16:39] Speaker C: This is heading. They found a massive one. [01:16:41] Speaker A: He found seven 704 karat. [01:16:43] Speaker B: Wow. [01:16:44] Speaker C: 704. That's like the size of your fish. [01:16:46] Speaker A: I think you got. He sold it with a gu. He brought it to the government because he was a pastor. Gavin shared it with him, but his share was $5 million. Right. His operation cost him nothing. Right. Two guys behind that were his servants. And. Yeah, it's fascinating. I mean, it is really fascinating. Right. I dream of finding that one special diamond. [01:17:05] Speaker C: Yeah. Just, just like the opal miners, they. They're always looking to buy. Find the pineapples. [01:17:10] Speaker A: Yeah, yeah. [01:17:11] Speaker C: You know that, that big, that big one. That's one big stone that's worth a fortune. [01:17:15] Speaker B: Yeah. So have you ever come close? [01:17:19] Speaker A: No. The biggest diamond I found was 10.10.2 carats, right. Which is still sizable, right? [01:17:27] Speaker C: Is it, is it, is it true that diamonds are restricted to keep the supply low, to keep their price high? [01:17:35] Speaker A: So originally that was DBS policy. They would keep a lot of that, a lot of the diamonds in the safe. But the Beers doesn't control the market anymore, right. So they might control maybe 50% of the market. Let's. But the other players are coming in, right? [01:17:50] Speaker B: So it's. So, so the money is in the colored. [01:17:55] Speaker A: The money is in the color. Right. If you're going for stable investment, it's colored diamonds, right. [01:18:00] Speaker C: And we're dealing with yellow diamonds in particular. Quite beautiful. [01:18:04] Speaker A: So returns are stunning. It just, it takes time, right? [01:18:06] Speaker B: You. [01:18:07] Speaker A: It's hard to buy a diamond today and sell a diamond tomorrow for profit. You need to remember that. [01:18:11] Speaker B: Oh, yeah. It's like anything. [01:18:13] Speaker C: That was my question earlier about red diamonds. Apparently, from what I heard, that they're just not available anymore. And anybody that's got a red diamond, like a deep red colored diamond, that was an incredible investment because they're worth millions upon millions. [01:18:26] Speaker B: Like what, what you're saying that Agar Agar diamond, you're talking about argyle diamonds. [01:18:30] Speaker A: Not the pinks, right? [01:18:32] Speaker C: I'm talking red. Sorry, the red color over there. That, that Diablo red color. [01:18:36] Speaker A: A few of the reds from Canada. But it's very rare, Right? You got the red, you've got the orange and you got the blues, right? Yeah. [01:18:44] Speaker B: So yours is the yellow. [01:18:46] Speaker A: Mine's the yellow. I had a shareholder that gave me a piece of necklace because she said, now can we buy shares against the necklace? And it had three whites and one blue. And I never thought much of it, so I took it, gave it a share and stuff like that. And then one day the auditors asked me, can you go and value the diamond? And I said, okay. And I valued it. It was worth more than $200,000 and you wouldn't think it was 0.5 carat or something. And he says, where do you get this? It's just a red. I mean, it was a blue Australian diamond. [01:19:21] Speaker C: Right? [01:19:21] Speaker B: Blue Australia. [01:19:22] Speaker C: Wow. [01:19:22] Speaker A: So these values are. Color diamonds are just fascinating. I find it so I find it totally fascinating. [01:19:28] Speaker C: Exactly Right. All right, we're gonna have a very quick break and then we're going to come back and start wrapping up this show because can you believe it? Can you believe the time? [01:19:35] Speaker B: It's almost finished. [01:19:36] Speaker C: So here we are on the Perth. [01:19:37] Speaker B: Property show with Carlos, Josh and Carlos. [01:19:41] Speaker A: More music, Better Mental Health only on IPL Radio. [01:19:48] Speaker C: And we're back with the Perth Property Bros, Carlos and Josh and our very special friend Cyril from Millennium Minerals. It's been awesome having you on the show, Cyril. [01:19:57] Speaker A: Thank you. [01:19:58] Speaker C: Thank you for coming on. Is there any parting words you'd like to say to the listeners? [01:20:03] Speaker A: What it was tonight is an amazing experience. Being here. It was great talking to everyone. [01:20:08] Speaker B: Thank you. [01:20:09] Speaker C: Well, we've learned a lot. [01:20:10] Speaker B: Yeah. [01:20:11] Speaker C: Especially about how the IPOs work and your up and coming one which is going to be very interesting for, for everybody, especially in Western Australia. I think you're doing a lot of good things in the world, contributing to a lot of communities and making a real difference. Cyril. And that's why Josh was so keen to have you on today. We knew we would learn a lot today from you. So you can read Cyril Millennium Minerals on 086-450-7853 or email info millenniumminerals.com and also aspiring. [01:20:43] Speaker B: We're going to congratulate Cyril. I think he's going to get married soon as well. [01:20:47] Speaker C: So I just found out at the beginning. Congratulations. [01:20:53] Speaker A: Thinking of it. [01:20:56] Speaker C: I can't wait to see the rings. They're going to be frosted with yellow gold, yellow diamonds. So there you go. And Joshua, have we got on next week, my friend? [01:21:08] Speaker B: Who do we have next week? Actually I couldn't think. Is it Dennis? No, Darren. Yeah. So he's been a big avid listener and follower of our show. [01:21:18] Speaker C: In fact, Darren's actually going to be starting a show on IPL radio. [01:21:23] Speaker B: Is he? [01:21:24] Speaker C: That's how good he is. [01:21:25] Speaker B: Interesting. [01:21:26] Speaker C: Yeah. Now, he's. He's. [01:21:28] Speaker B: He's the builder. Is he the builder, Darren? [01:21:32] Speaker C: Builder? No, no, he's a chef. [01:21:34] Speaker B: Oh, the chef. All right. Sorry. [01:21:35] Speaker C: Yeah, no, he's a chef, but he actually. He runs the XK XL XM xp Falcons of WA Incorporated Club. [01:21:45] Speaker B: Interesting. [01:21:46] Speaker C: Yeah. And so he met Tristan at the last Mr. Perfect barbecue. And, you know, Tristan realized he's a really good bloke and, you know, got a lot to talk about. Interesting guy. So then he's come on. He's already been on the air with Trace, and I think everything works out. He's gonna have his own car talk show. [01:22:03] Speaker B: Car talk show. [01:22:04] Speaker C: Yeah, we'll talk cars. But the reason I invited him on because he's from Melbourne, he even when we spoke about Perth real estate compared to Melbourne real estate, he's just got so many insights because he's. He's only been here for a couple of years. So. Mel, we just. We've had some interesting discussions about the major differences about Perth and Melbourne real estate. And I can't wait to have him on the show. I think he's gonna. We've touched on Melbourne a few times. He was a buyer's agent, Ben Jenkin, that was here as a buyer's agent talking about Melbourne real estate. So I thought, let's have somebody on that actually is from Melbourne and knows that. Knows real estate really well. [01:22:39] Speaker B: Excellent. No, I look forward to it. [01:22:41] Speaker C: So it's gonna be a very, very interesting show. And Cyril, you've been amazing. [01:22:46] Speaker B: Thank you. [01:22:47] Speaker C: I've got a parting song for you here that you requested. So you're lucky was actually on the list. And I'll play it right because I think Josh would. Wouldn't play it so well. [01:22:58] Speaker B: I'm glad. [01:22:59] Speaker C: Backwards. [01:23:00] Speaker B: I'm glad. All those mistakes today were all you, man. [01:23:04] Speaker C: I think what you're talking about is challenges. That came beautifully. [01:23:09] Speaker B: How did you manage to get us off the air for a while then? That's a. That's 100% a newer. I would never have done that. [01:23:21] Speaker C: I think it was a bit of a case study, Josh, so I could show you how to recover. [01:23:25] Speaker B: Ah, did you? [01:23:26] Speaker C: We go to a song and then we fix it. Then we come back on the air and recover. See, Josh, you need to learn from the moment. [01:23:34] Speaker B: Anyway, it was a pleasure as always, Carlos, and look forward to seeing you so again. Today was our tenth episode. So look at that, tenth episodes. [01:23:41] Speaker C: And Josh is taking me to lunch at six here. Head. [01:23:44] Speaker B: I'm six head. Yeah. [01:23:46] Speaker A: My daughter's favorite place. [01:23:47] Speaker B: Is it. [01:23:48] Speaker A: Well amazing. [01:23:49] Speaker B: We there we are there on Thursday. So we said that, you know, we've done a lot of things. We didn't actually celebrate it. So we're actually going to celebrate together on Thursday. [01:23:58] Speaker C: So Josh is going to buy me a Tom Hawk. Big. Yeah. He said there's no limit on what I can order. [01:24:05] Speaker B: One of us is going to be scrubbing the kitchen. Whoever drives the fastest. [01:24:13] Speaker A: Really, really, really good stuff there. [01:24:15] Speaker B: Yeah, there you go. [01:24:16] Speaker C: That's a great one. So Josh again, thank you. Always a pleasure, my friend. I look forward to being on the air again with you this next week. And Cyril, shake your hand. [01:24:24] Speaker A: Thank you a lot. [01:24:25] Speaker C: Hope to see you again. You're coming back with your stuff next time, so it's going to be an interesting conversation. You're listening to Carlos and Josh on the Perth Property Bros. Thanks for joining us. [01:24:35] Speaker A: Your voice, your community station. You are listening to IPL Radio.