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BZT Bezant Resources Plc

0.021
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Bezant Resources Investors - BZT

Bezant Resources Investors - BZT

Share Name Share Symbol Market Stock Type
Bezant Resources Plc BZT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.021 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.021 0.021 0.021 0.021
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 20/3/2024 23:40 by copperz
Colin Bird’s AIM record (as of March 24):

Time he became CEO of BZT- share price 0.5….now 0.02 (over 95% down)

Time he became CEO of XTR- share price 10...now 0.9

Time he became CEO of Galileo 7.38...now 1.0

A lot of money has been paid by private investors to fund these ‘companiesR17; but the more interesting question is how much money has been paid to Colin Bird, over these periods?
Posted at 18/5/2023 10:00 by sparty1
kwackers on lse has a point..

"We have been here before- his goes quiet in summer while he enjoys spending our money in Europe.

WIll the same thing happen this year? If so, the share price could fall to 0.01

Colin Bird’s AIM record (as of mid May 23):

Time he became CEO of BZT- share price 0.5….now 0.04 >90% fall

Time he became CEO of XTR- share price 10...now 1.8 >80% fall

Time he became CEO of Galileo 7.38...now 1.2 >75% fall

And no, this isnt because of a bear market. Even during the peak of the COVID market bubble his companies were below the share price when he took over.

So we can see that investors have lost ££ putting cash in his companies but does anyone know how much money he makes from his AIM ‘companiesR17;. Ive looked at some company accounts and it seems very opaque how much is spent on salaries. All I know about him is that he lives in UAE {which is tax free) and has a penchant for racehorses."


Not the best record considering his great age and experience...
Posted at 21/12/2021 09:29 by denjon
Investors seem content to sit on their hands now and wait for news, which will probably not come until the New Year. It will come soon enough.
Posted at 11/11/2021 08:20 by oilbuy
Because they are not investorsMost peeps are traders , they make a few quid here and there.Investors make money and have less stress.Traders are workers , investors are entrepreneurs
Posted at 21/10/2021 17:14 by sleveen
Fundraising: The Company, via its broker Novum Securities Limited, has raised GBP1,200,000 before expenses from investors. The fundraising comprises a conditional placing of 923,076,923 new Ordinary Shares of 0.002p each (the "Placing Shares") at a price of 0.13 pence per Placing Share

You were warned:

"sleveen29 Sep '21 - 07:12 - 1339 of 1357

yet another RNS.

The Bird's flying again.

Placing coming soon"
Posted at 05/5/2021 16:30 by devonlad
Rising copper prices, which hit a ten-year high ofmore than $10,000 last week, could add half atrillion dollars to the costs of reaching climategoals in the next two decades, Birol added.
Yet investors are not investing enough in newmines. It takes on average more than 16 years fora mining project to go from discovery to firstproduction, meaning investment is needed now,the IEA wrote.
Investors are still not convinced that thegovernments are serious [about] reaching theirclimate goals,” Birol said. “There is not strongenough and clear enough signals given bypolicymakers about the speed and determination of the energy transition.”

220m volume today, a lot further to go imho!
Posted at 03/5/2021 20:54 by jlondon
---------EVIDENCE: EDISON BROKER REPORT 22.10.2009, BZT MANKAYAN--------
Link: hxxps://www.edisoninvestmentreseach.com/?ACT=18&ID=2316

"Pg 5/12: Exhibit 3: Chart
TOTAL TONNES: 257.8 MT
CU METAL: 1.3 MT - IN-SITU COPPER VALUE: $8,080 {US$ M]
AU METAL, MOZ : 4.3 MOZ - IN-SITU GOLD VALUE: $4,493.5 [US$ M]"

"DRILLING PAYS OFF; SNOWDEN REVISED RESOURCE STATEMENT"-Refs to Exhibit 3 above.

Note that $8,080m is $8.08 billion due to it being stated as $8,080m as in Million.
---
For the avoidance of doubt: The above is from Edison Broker Report for Mankayan [BZT]

So, $8.08 billion + $4.493 billion = US$12.57 BILLION for copper & gold as above from Edison.

So, Goldfield offer $70m for BZT Mankayan.

--------EVIDENCE: MMIH 2012 UPDATED JORC, MANKAYAN---------
"MMIH Group updates on listing plans and development of flagship Mankayan project."-Proactive Investors,UK 7 Dec 2020

Link: hxxps://www.proactiveinvestors.com/companies/news/935910/mmih-group-updates-on-listing-plans-and-development-of-flagship-mankayan-project-935910.html

Article: "Its flagship asset is MANKAYAN which HOSTS
9.7 MILLION OUNCES OF GOLD
3.8 MILLION TONNES OF COPPER."

Also, in the article is a video interview with CFO, MMIH, Vijay Kamath who said that Mankayan resource has MORE THAN DOUBLED from recall of listening to the video.

Note: There is a slight error in the above figures from Proactive Investors.
From the MMIH site via link: hxxps://www.mmih.com/mankayan/

"Combined Mineral Resource: 793 Mt containing 2.8 Million tonnes of copper, 9.7 Million ounces of gold and 20 Million ounces of Silver."

---------------
HOW TO DO CALCULATIONS OF THE UPDATED MANKAYAN JORC 2012 [MMIH]

Look at how Edison did the BZT MANKAYAN 2004 SNOWDEN JORC.

Then, using the same methodology, apply that to MMIH*s UPDATE MANKAYAN 2012 JORC.

As I said, I provided the details on Sun, 2 May 2021 and Sat, 1 May 2021.

Mon, 3 May 2021.
Posted at 01/5/2021 20:21 by jlondon
"WIN SOME LOSE SOME:
GOLDFIELDS DELVING DEEPER INTO PHILIPPINES,
SUSPENDS DRILLING IN MALI."- Mining.com, 26 Mar 2012

www.mining.com/win-some-lose-some-gold-fields-delving-deeper-into-philippines-suspends-drilling-in-mali/


Mining.com is talking about GOLDFIELD: "GLOBE*S 4TH LARGEST MINER."

-"$63MILLION OPTION ON G U I N A O A N G, 4km from FAR SOUTHEAST."

-"Exercised 40% OPTION to buy ANOTHER mineral deposit, FSE."

"NICK HOLLAND, CEO OF GOLDFIELD: BOTH D E P O S I T S HAVE S I M I L A R MINERALISATION."


"FAR SOUTHEAST [FSE] WAS LIKEDIN BY HOLLAND TO W A F U - GOLPU, a massive project by Harmony & NEWCREST."

---
CONCLUSION: So, after acquiring FSE as per Investors Chronicle in the above post, GoldField then wanted to buy GUINAOANG or now called MANKAYAN. More importantly,
Nick Holland [he is still the CEO of Goldfield even today, 1 May 2021] said that BOTH DEPOSITS [plural] ie Guinaong and FSE have "SIMILAR MINERALISATION."

So, this is from the horse*s mouth about MANKAYAN - GUINAOANG.

In fact, it is said from later info that MANKAYAN IS STILL OPEN ON STRIKE AND DEPTH = FURTHER POTENTIAL JUST LIKE FSE.

NEWCREST
In my post above today, Sat, 1 May 2021, I found that NEWCREST is in the Philippines and have INCORPORATED A CO CALLED NEWCREST MINERALS [PHILS] in Makati, Manilla, Philippines. Makati is an up-market area of Manila, the capital of the Philippines.

What is Newcrest doing in the Philippines or what is Newcrest interested in?
I did not know until Nick Holland stated that FSE is akin to WAFI-GOLPU, a world class RANKED DEPOSIT. LoL - they must be eyeing a DEPOSIT? Logical?

MANKAYAN IS A MINING DISTRICT, 260KM ODD FROM MANILA A/C TO MMIH.
Both BZT*s Mankayan & Lepanto-GoldField*s FSE ["ADJACENT TO BZT*S MANKAYAN PER INVESTORS CHRONICLE ABOVE] are in Mankayan, Philippines.


---Cant be bad that GOLDFIELDS IS STILL IN MANKAYAN WITH 40% IN FSE and an option to acquire another 20% at the fixed agreement of US$110m [paid US$220m for 40%].
Posted at 01/5/2021 20:02 by jlondon
--INVESTORS CHRONICLE: BUY BEZANT RESOURCES:
"High Risk, High Reward."- 9 Dec 2013

£14m mkt cap @17.5p.
If GoldField exercised their options & acquire Mankayan, it would be US$60.5 Million OR £37 MILLION.

"Having to-date PAID $9.5 MILLION IN NON-REFUNDABLE OPTION FEES &
acquired a 21.7% STAKE in Bezant earlier this year for $7.5 MILLION {equivalent of 25.97p], then GOLDFIELDS HAS MADE SOME HEFTY INVESTMENTS TO GET THIS FAR."

Investors Chronicle talks of GoldFields acquiring FAR SOUTH EAST for US$220 MILLION for a 40% STAKE in 2012 [ OF THE "ADJACENT" FSE to MANKAYAN.

"And for this, GoldField will be BUYING A JORC COMPLIANT ORE RESERVE of 189mt at 0.46% cu and 0.49g/t au and total recoverable metal reserves of 811,000 tonnes of copper & 2.21moz gold."

IC said Bezant carries RISK as GoldField could let their OPTION expire, then BZT would have to go through the process again, looking for a buyer. "BUT IN THIS SCENARIO, THE BOARD IS HIGHLY LIKELY TO APPOINT AN I N V E S T M E N T BANK
to SEEK OFFERS FOR THE CO especially since GERRY NEALON, EXECUTIVE CHAIRMAN of BZT HAS RECENTLY PASSED AWAY & HE WAS THE DRIVING F O R C E IN NEGOTIATING THE MAJOR OPTION AGREEMENT WITH GOLDFIELDS."

IC
==
CONCLUSION: One can see that GoldFields was keen and that MANKAYAN [BZT] option was AFTER the acquistion of FSE, adjacent to Mankayan.

Not only were they keen, a/c to IC, they spent a LOT to get to this point.
However, GoldFields let the option lapse ? but from what I gather of later news, BZT GOT TO KEEP $7M [NON-REFUNDABLE].

From what one can gather, the passing of GERRY NEALON, EXECUTIVE CHAIRMAN OF BZT may have been the reason why the deal did NOT go through?

I will post another article in the next post to see what GOLDFIELDS SAID OF MANKAYAN.
Posted at 01/5/2021 13:45 by jlondon
---C O N C L U S I O N---

BZT MANKAYAN
Then, on JORC 2004, it had a value-in-situ of US$12.57 BILLION [Edison]
Today, on JORC 2012 updated by MMIH, it has a value-in-situ of US$48.32 BILLION [illus]

Goldfield offered 0. 55 % of value in situ of US$12.57billion then.
at US$70m. [or £50.7 million at today*s fx of 1.38, 1 May 2021]

If, today Goldfield offered 0.55% of the NEW VALUE-IN-SITU ILLUSTRATION BASED ON MMIH JORC 2012 UPDATED AT US$48.32 BILLION they may have to offer US$ 263. 5 MILLION OR £190 MILLION [fx 1.38, 1 May 2021]
--

LAPANTO FSE
Goldfied paid 1.13% on Value-in-situ of US$48.32 billion THEN.
The FSE value-in-situ for illustration is US$75.93 BILLION TODAY.


OBSERVATION:

Of interest is how the MMIH JORC 2012 UPDATED has increased the Value-in-situ illustration from US$12.5 billion then TO US $48 billion TODAY.

versus

Goldfield-Lepanto FSE with Value-in-situ, US$48.32 billion then and US$75.93 billion today.


FSE
was mentioned in the above article that it was ONE of the MAJOR projects.
BZT*s Mankayan, being the NEIGHBOUR TO FSE [Goldfield-Lepanto] is of interest.


NEWCREST
Just found out that Newcrest has formed "NEWCREST MINERALS [PHILS] and has an office in Makati, Manila, Philippines.
hxxps://www.dnb.com/business-directory/company-information.gold-silver-mining.html


Sorry for so many posts. As I researched, I had to post the notes so that it is not lost in a whole mire of data. One cant find everything at once given there is so much to look for especially to look through Goldfield*s Annual Reports that go into hundreds of pages eg 116 pg etc.

Sat, 1 May 2021.
Situation has changed in the Philippines with the LIFTING OF THE MINING BAN.
Per MMIH above [this page has a factsheet] stated:

"MMIH WILL NOW TAKE THIS PROJECT TO FEASIBILITY STUDY AT WHICH THE ASSET VALUATION
WILL INCREASE M U L T I - F O L D."

Yes, that is generally known as Value-in-Situ increases when it goes to FS stage and development. Otherwise, Goldfield offered BZT Mankayan @0.55% of Value in Situ then. However, they paid 1.13% of Value in situ for FSE.

There is no doubt that the Philippines has stated that FDI*s [FOREIGN DIRECT INVESTMENTS] come to $23 billion which means that foreign co*s are able to finance the big projects, one of which was LEPANTO FSE. Today, Mankayan @2012 Updated JORC is also a BIG PROJECT ["WORLD CLASS-LOW TIER 1"] per Laurence Read, CEO of BZT in 2019 in an interview with Proactive Investors at the time of the MMIH deal. Due to the 2 reasons Mr Read stated ie fiscal regime in 2019 and copper prices, BZT was in no position to get a better offer then.

Now, the lifting of the Philippines mining ban and copper prices hitting an all time high of US$10,000/t, BZT*S MANAKAYAN WITH A NEW UPDATE 2012 JORC IS NO LONGER IN THE SAME POSITION AS THE RESOURCES WAS INCREASED BY MORE THAN DOUBLE [CFO, MMIH to Proactive Investors in early Dec 2020].

The MMIH deal has fallen through on 8 Apr 2021 and ONE WEEK AFTER, the Phillipines govt lifted the mining ban. Then, the copper prices stated rising.

3rd time fortunate for BZT Mankayan.

DYOR. Please check as there can be typo errors.

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