Bezant Resources Share Discussion Threads

[daytraders] 16/3/2012 21:10

haha buywell2 owned!, do your research before posting.

[tiger60] 16/3/2012 16:12

This is a copper project with gold credits!!!!

[buywell2] 16/3/2012 15:55

buywell2 - 12 Nov'11 - 16:20 - 3564 of 3699 edit



Who wants to buy when GOLD looks set to drop circa another %10 to 15% from these levels ?

Posted this the other week

The chart says this share is in trouble

[tiger60] 16/3/2012 15:47

So the last payment date was meant to be 20th March for Gold Fields - Lepanto option. This was on the basis that Lepanto would get official approval - which apparently is not yet in place. This may roll on into April - not sure whether this gives Gold Fields an extension on their decision. I presume so. However, baring in mind they have already paid $100m the last payment of $220m should be forthcoming.

In addition, there is an issue with local objection that stopped mining at the end of Jan stopping Gold Fields carrying out testing. However, to put into context the protest group of indigenous people numbers around 400. I believe this will be resolved to everybodies interest.

It is still odds on to go ahead, amnd maybe force Gold Fields hand regarding Bezant in order to get it all done in one go - and move on to development. Cheap as chips

[tiger60] 08/3/2012 13:31

Look they have paid 10% upfront. Gold Fields have the adjacent site and are currently working through the costly acquisition. The option was granted with an end date of Jan 13 to fall into their 2013 financial year budget, as the budget for 2012 was fully utilised.

The acquisition of May. was to take advantage of economies of scale and reduce infrastructure costs. It is a no brainer for Gold Fields. Only a macro event will cause this option not to be taken up (and there is a chance of this) but all said and done 85% certain.

As to the Arg v GB debate at the moment it is all rhetoric leading up to the 30th anniversary of the Falklands at he start of April..Post April it will die down but still be an issue for Arg. Bezant are so smalll as to be insignificant in this debate and with an undefined resource way off the radar. Even if Arg instigate a trade war it would be them that get the worst of it.

Got this as a banker. Update coming this month - interims and Eureka.

[daytraders] 08/3/2012 13:12

The fact they gave us a $7mill up front payment that is non refundable, if they don't exercise option, i would actually prefer this and then sale for alot higher in the future, and have $7mill for free.

[cjohn] 08/3/2012 12:55

I read that research report. It sctually came up with a significantly higher value for the Phillipine interests than the option was eventually issued at. So it's out of date.And was throughout over-optimistic, in my view.

I wanted to add: if tensions escalate further between UK and Argentina, the governemnt there have the capacity to make things difficult, even short of a nationalisation.

Ok, I understnad your optimistic about the option being taken up: but what probability do you put on that? 75% with a margin of error? or 50% or??

[daytraders] 08/3/2012 12:44

NAV of £75mil 122p per share is good in my eyes, thats from the march 2011 research note from there site, i still think the $70mill option will be taken up, if not we got $7mill for free and still keep the asset to sale another day, its worth alot more than $70mill any how, the markets have been going up every week since the option was agreed, really its worth alot more now, imo

[cjohn] 08/3/2012 12:11

I've followed this share for some time. Still haven't bought in however.

1. The option could well be passed on. I haven't seen any relaistic estimate of the chance of this on here. And I've found it difficult to judge the probability of it myself.

2. As you're awre, there's considerable ill-feeling between Argentina and Uk always and especially currently. Argentina has a patchy record to say the least in its attitude to private business. What is the prpobabiiity of some sort of S American style nationalistaion of foreign (partic British) mining interests? The current Argentinian leader does not precisely inspire confidence that Argentina take a mature attitutde to commerce.


Obviously, the raw figures are enticing, but I'd personally, like to see a bigger dscount to implied NAV.

[tiger60] 04/3/2012 19:11

Interesting point but i believe there are more value investors than traders, particularly in this one.

Copper up 13per cent this year and th business case for the option gets better and better

Watch this one.

[drdre] 01/3/2012 21:22

I think overall volatility plus concerns over the Macro picture mean that a lot of investors are not looking past the next few weeks, let alone 10 months in the future. There are lots of undervalued stocks out there. Plus, folks are looking to make a quick buck because of the volatility. Gone are the times of steady and slow appreciation due to the cash sloshing around the system.

My only fear is a market collapse which will take all down with it.

GL all.

[tiger60] 01/3/2012 10:06

Now only 10 months to the option deadline - surely it is coming to the point whereby the ever decreasing time scale will correlate to the share price

And tHere is still a chance it will be agreed earlier!

Interims and Eureka update due this month. Lets hope this is a catalyst to push the share price up passed 50p where it belongs.

Very illiquid share any demand impacts sharply on the share price

Those in on this will be rewarded once the scramble to be part of this story begins - thought it would of been before now - but lets see what happens now - the clock is ticking down.

Good luck all we deserve better!

[bronislav] 26/2/2012 21:08

Will hopefully be a time to add at a lower price soon.

[drdre] 26/2/2012 20:03

I'm still in but am trying to time a top-up as my monies are invested elsewhere for the time being. If you believe the offer will go through, this is as close to a no-brainer as you can get. I would suspect that the share price should start to move upwards in September in anticipation, if not sooner.

GL all.

[hazl] 26/2/2012 17:44

Gerry Nealson wouldn't have bought over 100,000 pounds worth for nothing imo

[hazl] 26/2/2012 15:22

its got gold as well as copper so.....

[hazl] 26/2/2012 15:21

have still got a stake here
just in wait and see mode 8-)

[plastow] 23/2/2012 16:49

cant work this one out but still holding anyone with any news ???

[daytraders] 22/2/2012 14:26

i will buy more if we hit 26p where the directors bought in big, people just dont want to wait for the windfall it seems, i will easily get my 52p buy in back early next year or before, im in no hurry, still easily worth 70p/80p here.

[tiger60] 22/2/2012 14:17

so disappointing going down to lows.........

[tiger60] 22/2/2012 12:53

Well I am in both and it is very rare to have a goood day in either...when everybody disagrees (the market) it may be time to question your own sanity ie investment decisions.

This more than DCP seems to be a nailed on buy but that means nothing if others disagree......

[abacus23] 22/2/2012 07:48

tiger60,

I believe AIM is purely hot money, in and out, move onto the next.

I believe Gold fields will take the option, but in Jan 13 as you say. I've emailed BZT saying this, but they said they can take the option any time.
Considering their other large transaction this makes sense.

People are very short term, Jan 13 is to long for people.

32-35p dividend payment and Eureka is enough to keep me here.

Its not guaranteed, but if not, we have $7 million already and our prize asset back with copper rising.

They say, the market is always right, but with this and DCP, I think they have it totally wrong.

[tiger60] 21/2/2012 18:00

What is going on here?

Eureka update in March, option ever nearer - I understand there is a risk but at a mkt cap of £18m and copper and gold climbing this doesnt make sense.

It really is disappointing - I have read this wrong - derampers welcome at least there might be some activity here?

Is it just the hot money that moves AIM stocks?
Are gold fields not going to take up the option after paying $7m upfront?
Is the timeline of Jan to far to entice investors?
A 32p dividend payment early next year not enough?

Any thoughts?

[jathomas] 09/2/2012 15:42

The MMs defy logic, maybe if we get some bad news they may raise the SP!

[tiger60] 06/2/2012 14:23

This share defies logic...........