Bezant Resources Share Discussion Threads

[gingerplant] 16/10/2013 07:57

Well Mazag2 "Eureka"

Phase One exploration programme completed comprising a trenching campaign at Eureka, a near surface copper-gold resource, Jujuy province, Argentina

Results indicate an average 1.68 per cent. copper content for the samples assayed.

The boss says..."work confirms our belief that Eureka hosts a valuable near surface copper-gold resource...further encouraged by the high copper assay results and geological similarities between the known Eureka I mine area and the samples taken along a potential southern extension over the 10km of the mineralised zone."

[mazag2] 11/10/2013 14:31

cheers tiger...communication not a strong point of these small miners! An update would be good as it has been quite a while since we've had any news re Eureka and Mank

[tiger60] 11/10/2013 09:46

Old 2012 note on the Bezant website, but they just dont get their story across......reg reporting soon but just lacking severely on the PR - Eureka updates are minimial

[mazag2] 10/10/2013 17:14

tiger are you quoting from a research note? thanks for sharing if possible

[cal18] 10/10/2013 12:52

O/t SOLG to double today? Remember 7p to 15p last time and that was on poorer grades.

Great rns at solg just now and more to come!

[tiger60] 10/10/2013 12:52

Mankayan is likely to be sold for a total consideration of US$70m to Gold Fields. Therefore we value the project at its likely disposal price which is based on an arms length transaction between a willing buyer and a willing seller.

As the cost of Mankayan is £3.48m the sale is going to result in a profit which is taxable. The company's assessed loses of £19.266m as at 30 June 2012 will be offset against this profit thereby reducing the tax liability.

On this basis we estimate a tax liability of approximately £4.96m. Therefore the after tax value of the project is likely to be approximately £39.35m or 47.44p per share.
Assuming a 20% risk that Gold Fields may not exercise the Option to acquire the project we arrive at a valuation of £31.48m or 37.95p per share for the Mankayan project using a US$-GBP exchange rate of 1.58.

[tiger60] 07/10/2013 14:32

In theory yes, but any attempt to aggressively purchase shares on the open market would be seen a mile off and only induce a rise level with the receipt of the option funds. As the buying would be a sure fire signal that Gold Fields were going to take up the option.

This is going to creep into investors watch lists as the date gets forever nearer. i think speculators alone will see this rise to high twenties/low thirties and then one can decidee to derisk or gamble on the take up.

Personally feel from what i have read regarding the Far East development it is gaining political credibility.

[jbarcroftr] 07/10/2013 14:16

As GF already hold 21% won't it be cheaper for them to buy BZT ?

[tiger60] 07/10/2013 12:43

Looks like it has broken 50 and 100 ma.

Agree in many respects. THey do have Eureka and as an open pit development it could in theory be taken to production by BZT alone - especially if the option in PH is taken up.

My gut feel now is that GF are committed to Ph and N Holland has decided on his, and the companies strategy going forward, ceasing some developments and giving his backing to others. As far as I can gather Far East is a 'go' and obviously depending on local and national consents this may be BZT's moment in the sun - remmeber GF are a significant holder of BZT and the option uptake therefore also benefits GF.

[lfc4ever] 07/10/2013 12:19

it is pretty much a binary play, isn't it. Presumably if GF don't exercise the option in reality it means the "asset" is worth diddly. The mkt currently is giving pretty long odds on them exercising.

[tiger60] 07/10/2013 11:53

In about 12 weeks this company could receive $60m -compared to the mkt cap and the promise to return half to shareholders this is definitely now at the exciting stage.

The deadline for the option is 31 Jan. I expect news by the end of the year. Gf are forging ahead with plans to convert to an FTAA and have already earmarked 200m odd for the 4 year development phase - the indicators are good for GF and Lepanto, and therefore very good for Bezant.

The sad news of Gerald Nealon passing was a shock and one of the two main men behind BZT - The option will not be extended again - game on and by the current looks of things this could be a pleasnat early christmas present. Lets roll the dice but I believe its loaded in our favour.

[lfc4ever] 07/10/2013 11:47

strong move up today- something afoot?

[bageo] 14/9/2013 20:26

Although it can't be taken as anything definite on the option here the fact is GF are still keen on their existing project there despite other projects being for sale.



While it is still carrying out its strategic review, Gold Fields' Arctic Platinum project in Finland, its Talas copper gold project in Kyrgyzstan, and the Woodjam project in Canada are for sale. The future of the Yanfolila project in Mali is still being considered.
"We will not sell the FSE S project in the Philippines but Yanfolila could be on the block," said Holland.

[tiger60] 14/9/2013 17:46

Ignore buywell a a disgruntled past investor. I am also a past investor but keeping my eyes open regarding option uptake.

A double your money opportunity in a very short period. At the moment Ph politics is a mess but GF advancing towards FTAA on lepanto and therefore benefiting bezant.

THe board though are doing shareholders absolutely no favours. Eureka news virtually non existent and they definitely missed their window of opportunity regarding best returns. They should return their bonus upon which they purchased shares in BZT as a matter of principle but they will not. That was a disgrace of te highest order although they hide behind the potantial of their agreement with GF. My opinion, take it when its due. In other words, when the option is exercised. It shouldnt happen but it does. GF rules the share price not the company.

[mazag2] 12/9/2013 11:39

Goldfields active in the M & A dept with recent purchase of gold miner...lets hope that they don't forget to exercise their option only four months to go!

[buywell2] 22/8/2013 07:39

Something does not smell right V the rise , but when I say something negative about a stock that happens quite often now

Problem is

A Falling USA market and QE Tapering looks set to drive down commodities

[currypasty] 20/8/2013 11:58

up 1.5p since you said its 'run its course' your in the wrong game here

[buywell2] 20/8/2013 11:36

Don't know if you are ahead here Curry but I think it looks like this might have run it's course

Depends upon VULPES propping it up like it has PRM and tried to with OXB

[currypasty] 20/8/2013 11:34

still going.. 20.25 mid now

[currypasty] 13/8/2013 17:30

50k buy reported after the bell, another tick up tomorrow ?

[currypasty] 13/8/2013 12:43

there has been no updates, or actual information other than the proposed takeover of the Mankayan copper/gold project in the Philippines, for some considerable time now.

[buywell2] 13/8/2013 07:40

what might have changed ?

[currypasty] 12/8/2013 11:10

been a long time now since last news, time for an update ?

[thetoonarmy2] 05/8/2013 17:19

curry knew that using my dividend to buy more was a good move!