Bezant Resources Share Discussion Threads

[currypasty] 19/11/2013 10:02

200k buy reported from yesterday, tick up today

[tiger60] 14/11/2013 10:07

Well that was an incredibly bland update, as if they are on auto..

So no run up (in fact 0.5 down today) hard to fathom why - maybe because this 5 employee firm have very little in the way of shares held or the lack of positive PR.

Still hoping but disappointed so far. It could be a bumpy ride if GF do not take up the option. Might lead to a direct bid - dependent on major shareholder talks.

Need more info on this desparately to make informed decisions.

[haroldthegreat] 13/11/2013 12:44

so what can one expect under those circumstances?

[jbarcroftr] 13/11/2013 12:21

ST believes that if the option isn't exercised the company will be immediately be put up for sale- Goldfields own 21% and they will want to get their money out ASAP?Another option is for them to bid for the whole company

[haroldthegreat] 13/11/2013 10:06

market cap £15m payment from goldfields 60m$ if it goes through. . even if goldfields doesnt go through with the deal our mc should be much larger than 15m taking into account the value of the asset to someone else.

[lfc4ever] 13/11/2013 09:23

talk about playing with a straight bat.
impossible to tell from that what they think goldfields are thinking.

[tiger60] 29/10/2013 12:08

Annual report expected mid nov.

[tiger60] 24/10/2013 13:47

Frustrating

[tiger60] 22/10/2013 19:45

Barring an unexpected macro event or a telling negative development at lepanto i dont see this hitting 16p.

Either it will go way below that down to around 10p if the option isnt taken up or more likely this will slowly rise as the option expiry date gets closer and the normal run upto xmas lifts mkts

I expect high twenties in nov/dec.

[daytraders] 22/10/2013 13:57

Im going to buy back in if we hit 16p again, should have bought then really.

[tiger60] 22/10/2013 13:07

Sold out a while back bought some last week on spread with some on guaranteed close. Just feel it is a good bet based on the facts we currently have available to us.

Check on Gf progress in gaining the ftaa daily and there is a time lag between this share price and Gf news on lepanto. Also remember that bzt board stated verbally that there will be no more extensions. This is a roll of the dice investment but believe it is weighed in favour of those that buy but only my own take on it.

Also believe that the share price will run up as we near dec and give those who invest now a time to jump with hefty profits.

[king suarez] 22/10/2013 12:58

Are you buying more, Tiger60? Or just holding what you have. Been here since late 2010 myself..

[tiger60] 22/10/2013 12:19

To me this is no brainer and the only risk is Gf gaining the FTAA but based purely on cash, assets and strategy the option must be taken up.

Gold Fields have already spent nearly $10m on option payments and have purchased 17m shares at around 25p – nearly 20% of the company.

To take up the option they need to pay a further $60m of which $6m will be returned to them via the dividend and based on retained cash of 23.77p per share, plus existing cash and assets should leave BZT trading at around the 30p mark post distribution. So the proposed $60m cost is reduced both by the 'payback' and by supporting there own 20% in BZT. In other words, the cost is $54m in cash plus the difference between a share price of 30p versus around 10p (predicted/guessed if they fail to take up the option). That is 20p a share and equates to around $5m (very approx) so the true cost of the option take up would equate to $60m minus $6m dividend, minus 20p per share: $5m so cost $49m.

If they don't take up the option the prepayments have to be written off ($10m), along with probably a 10p fall in the share price which would devalue GF's investment in BZT by nearly £1.7m.

So the true cost of the uptake is around $49m versus a loss of the option payments $10m and the resultant fall in share price (£1.7m) if they do not.

Surely all this points to an agreement. Gf have narrowed their investment criteria but world class sites are few and far between and adjacent synergies with FSE project all add up to blue skies for BZT – betting now I am right

[mazag2] 17/10/2013 13:36

More positive rather than negative news as it concerns BZT IMHO

Political developments in Argentina point towards a more investor friendly outlook - some large inward investments recently made by outside capital point to this direction - see FT for good article on the country / current president

Would nevertheless be good to get some numbers around Eureka and to understand if the Mank proceeds allow BZT to move the project from exploration to extraction!

time as ever will tell...

[tiger60] 17/10/2013 13:04

If they take the option up it will be 50p - 46p in cash alone, distributing half, retaining half and a minute tax bill. Goodwill and Eureka must beworth a few pennies.

We will know very soon - the FTAA process is moving on and it looks like it will happen.

[currypasty] 17/10/2013 12:57

double your money or half it... do you feel lucky ?

[euclid5] 17/10/2013 12:37

what if Mankayan doesn't get bought from Goldfields?

[currypasty] 17/10/2013 12:34

that should be about right, if all goes to plan

[blondeamon] 17/10/2013 12:04

Tipped by Simon Thompson in IC, he has a target of north of 40p for early next year.

[tiger60] 16/10/2013 10:20

Lacklustre release as usual - it is really all about Mankayan

[mazag2] 16/10/2013 10:09

Positive developments no doubt - would like to see some extraction / processing costs for Eureka - but low clay and low acid use is welcome news!

Positive developments for investors too with regards the gradual demise of the Cristina Fernandenz / Kirchner governments of Argentina.

Lets hope that there is news on GF exercising its option and providing shareholders and management with the funds we are all waiting for!