Bezant Resources Share Discussion Threads

[daytraders] 05/6/2012 11:52

First thing first, they took the option out 4th october when copper price was alot lower than it is now in fact(low of day 3.0323) in fact they took it out when copper has been at its lowest for years(they got a great deal in fact), so there getting even more for there money now(just months before copper was trading 50% higher even, so they got like 50% free really, very shrewd deal they got from us), you seem to have left that bit out, also why are you always posting here if you have no interest in bzt, it beats me.

[buywell2] 05/6/2012 10:46

This company only has 5 employeesThat I guess is the BOD plus a secretaryWhich means this is a total play based upon the ability of the BZT BOD to do a deal as Copper prices are falling due to concerns on China and India slowdownsThis in turn depends upon a bigger company wanting to spend money today on something he can buy cheaper tommorrowCopper looks to be heading back to 3$ , a fall of around 10% from current levels This is why the chart is as it is I reckonIt's not just BZT to be fair .... most commodity related stocks are being hammered, and as yet the bottom does not seem to be reached as China and India have supported commodity related stocks for several years nowThe blue support line is 18.5p which would imply a 20% drop from 23.3p share price or TWO time the 10% fall in copper that the chart and recent price action would suggest.dyor

[mazag2] 01/6/2012 19:43

Never underestimate BZT's ability to disappoint CJ

[buywell2] 01/6/2012 12:22

Shame the chart does not agree

[daytraders] 30/5/2012 19:24

correct, im confident i will get my 51p buy in back no problem, 30/35p special divi and should leave a share price of at least 30p/35p still.

[cjohn] 30/5/2012 18:54

Short-term share price movements not related to company fundamentals. I bought in here at 27p and 23.5p. That is significantly below intrinsic value. At some point, the Sp will recover to a more jusifiable valuation.

Meanwhile, no point fretting about short-term share price movements.

[buywell2] 27/5/2012 21:15

The above was written

By Firat Kayakiran - Mar 6, 2012 7:22 AM GMT .

Since that day copper has dropped 15%



Also by Bloomberg ... no less

Copper Traders Extend Bearish Streak as Prices Drop
By Nicholas Larkin - May 25, 2012 4:16

Copper traders are bearish for a second week after mounting concern that slowing growth in China and Europe would curb demand drove prices to a four-month low.

Nine of 18 analysts surveyed by Bloomberg expect the metal to drop next week and three were neutral, the first consecutive negative outlook since April 6. Hedge funds and other money managers cut their wagers on higher prices by 69 percent in the week ended May 15, the most in a month, Commodity Futures Trading Commission data show.

Copper Traders Extend Bearish Streak as Prices Drop Copper fell 0.4 percent to $7,573 a metric ton this year on the London Metal Exchange and reached $7,503 on May 23, the lowest since Jan. 10.

Copper fell 0.4 percent to $7,573 a metric ton this year on the London Metal Exchange and reached $7,503 on May 23, the lowest since Jan. 10. Photographer: Bartek Sadowski/Bloomberg

Raw materials slid to a five-month low this week and more than $4.3 trillion was erased from the value of global equities this month on concern that Greece will exit the euro as the region's debt crisis deepens. Manufacturing in the 17-nation euro area slumped to the weakest in almost three years this month and may shrink for a seventh month in China, which accounts for about 40 percent of global copper consumption.

"Copper tends to be a reasonably good signal of what's going on in the real world," said Guy Wolf, a strategist at Marex Spectron Group in London. "Europe has become a more immediate concern. Most people in the copper market were already concerned about the outlook in China. We're looking for prices to find a floor at lower levels in the next couple of months."

[daytraders] 21/5/2012 22:43

my 52p buy in seems along way off, i dont understand all the non stop big sales ?

[bebopdl] 21/5/2012 18:31

Waiting to get in but a shocking performance on a good day for the markets.

[tiger60] 21/5/2012 16:58

Mkt cap £14m - just depressing........

[tiger60] 20/5/2012 17:33

Posted just to highlight initial valuation on eureka alone - but things change quickly.

We believe Bezant Resources' acquisition of the Eureka project for US$4.1m cash and 8m shares is a good deal. The cash will be paid over 24 months (Since been paid up in full - tiger), while half of the 8m shares have already been issued with the remainder to be issued by 30 April 2011. We calculate a value of up to US$76.47m (or 88p/share) for Eureka's copper and gold resources based on a non-NI 43-101/JORC compliant copper resource estimate for the project (of up to 62mt at 1% Cu) and a multiple of US$123.30/t of contained copper derived from a comparison of Bezant's peers.

[tiger60] 20/5/2012 17:30

At 22.88 pence per share, Bezant is capitalised at just under £16m, whilst at end December 2011, they had £6.32m of cash. This is not a bad option on Gold Fields exercising their option, which if exercised will bring in a further $63m of cash

[tiger60] 20/5/2012 17:29

It should of course be remembered that Bezant has arranged with Gold Fields to sell Asean Copper, which operates the Mankayan copper gold project right next door. Gold Fields has paid Bezant US$7m so far, with a further $63m payable, should Gold Fields exercise an option for control before 1st January 2013. As Bezant's Executive Chairman said with the interim results announced on 30th March 2012 "we are most encouraged by the recent release by Gold Fields concerning the further part exercise of their options with Lepanto Consolidated Mining Company and Liberty Express Assets to acquire up to 60% of the adjacent Far South East Project. Whilst there is no guarantee that Gold Fields shall also exercise its Option with the Company prior to its scheduled expiry on 31 January 2013, we remain confident of a successful conclusion, particularly as Gold Fields has demonstrated a firm commitment to be a major foreign investor and mine operator within the Philippines."

[tiger60] 19/5/2012 12:25

The potential is immense, once the FTAA is granted, the option for Bezant could happen at any time.....

Gold Fields' exciting new Philippines venture

Johannesburg, South Africa --- 18 May 2012 - Gold Fields Limited ‒ the world's fourth-largest gold producer ‒ says its gold and copper prospect in the Philippines, Far Southeast, may be similar in scale to Harmony Gold's much- acclaimed Wafi-Golpu resource in Papua New Guinea.

Miningmx reports that in March Gold Fields increased its shareholding in Far Southeast to 40% for which it paid US$230 million in total. It has the option to acquire an additional 20% stake for US$110 million, and the project's holding company is in the process of measuring the resource.

Gold Fields head of growth and international projects Tommy McKeith said the system had an exploration target of 900Mt, with a gold equivalent metal content of over 50Moz. As in the case of Wafi-Golpu, the resource contained copper as co-product.

GOLD is trading at USD 1,587.10/oz.

"That's our target," McKeith said. "This porphyry is 1km in diameter, so it's a big porphyry system and very high grade as far as these systems go. That exploration target will be more than adequate for us to commit to a capital programme for a big mining operation," he added.

Drawing a comparison to Harmony Gold's Wafi-Golpu project in Papua New Guinea, McKeith said Far Southeast was very similar in scale to the resource Harmony had announced. "But ours is still a target, it is not a resource," he pointed out.

Harmony Gold has labelled its Wafi-Golpu joint venture as a game changer with a measured resource base of more than one billion tonnes. The project is currently in the pre-feasibility phase, with a capex estimate ranging between US$3 and $5 billion.

Gold Fields, meanwhile, would be following the regulatory process necessary for foreign mining companies to become majority shareholders in Filipino mining projects, prior to acquiring the additional 20% stake.

McKeith said Far Southeast would form part of Gold Fields' target of achieving 5Mozpa, either production or in development, by the end of 2015. For 2012, the company has a production guidance of 3.5Moz.

[theapplefell] 18/5/2012 12:11

Not much new in this:

Mining firm asks Benguet folk to allow exploration
Philippine Daily Inquirer

BAGUIO CITY-A South African mining company urged residents of Mankayan, Benguet, to heed the National Commission on Indigenous Peoples (NCIP), which recently allowed it to proceed with exploratory drilling in its mine site there.

Last week, lawyer Brian Masweng, NCIP Cordillera regional hearing officer, deputized a community development officer to post at the drill site an April 4 order directing members of the Te'eng Di Mankayan "to peacefully allow Far Southeast Gold Resources Inc. (FSGRI), to enter the subject property to conduct its drilling activities."

Ibaloi land claimants had picketed the drill site of the Lepanto Consolidated Mining Corp. (LCMC) since January 23 to protest the gold project. The mining firm had stopped operations, until it received clearance to proceed.

FSGRI is a venture between South African Gold Fields Ltd., one of the world's biggest producers of gold, and LCMC which developed the Far Southeast gold mining project in Mankayan. Gold Fields acquired 40 percent of the Far Southeast gold project early this year and began drilling on January 3.

"We hope that the other party respects the decision of the NCIP," the company said.

On April 27, delegates at the Cordillera Day celebration joined the barricade set up by Te'eng Di Mankayan, composed of families living near the site of the drilling project.

[daytraders] 17/5/2012 15:42

Its always been sale in may and go away.

[mazag2] 17/5/2012 13:22

...think of lot of this is being driven by news of the euro and rightly so!

News of Greek's exit has been widely leaked since the debt deal which was designed to ensure an orderly exit...therefore the question is how much of the bad news is priced in the recent drops

On another note...May has been a very bad month for the last few years with major major drops for one reason or another...

[buywell2] 16/5/2012 19:21

The mining sector is NOT the place to be

I posted this on 25th april here

My point is that any RICH company looking to spend on COPPER related projects is now likely to hold OFF because of the China slowdown

I'm sharing that nugget with you folks

Copper Declines on China Demand Speculation: LME Preview
By John Deane - Apr 25, 2012 7:23 AM GMT+0100

Copper declined in London on speculation demand in China, the world's biggest consumer of industrial metals, may slow as signaled by declining imports.

The COPPER chart is looking like it is set up for another low on the way $3.00/lb



BZT was below 20p when this last happened around late june 2010



Put your date in to check







Since then Copper has fallen .... and with current EU and China woes I see no reason to alter my $3 call



As I don't with BZT at 20p


On the 10th April I posted

You guys use the COPPER or GOLD argument to support your bullish views

The chart takes BOTH into account

It says based upon the slide to 26p from when the chart was done

Bottom support trend line of 21.5p likely to be hit soon







21.5p hit TODAY ..... not that this gives me any pleasure .... as I have stated I see myself trying to warn the less informed of how to protect their capital by chart forecasts ..... and that for free.







dyor

[daytraders] 16/5/2012 18:05

plus assets, general market is very bad at the moment thou, all shares on my watchlist are well down, my 52p buy in here seems way off now.

[tiger60] 16/5/2012 16:25

Brutal, absolutely brutal.

12% fall on tiny volumes. A mkt cap of less than £14m!!!! With the potential of a £40m+ payment to come, plus cash in the bank.

[mazag2] 16/5/2012 12:07

BZT - not one for the impatient that is for sure...however I feel that despite the seemingly never ending greek soap opera...there is sufficient demand for copper and that demand cannot be met alone by the older mines...

Gold Fields are well funded and have the, cash, knowledge and vision to take both Lepanto and Mank to production in the coming years.

But as BZT has shown nothing is for certain...

[buywell2] 16/5/2012 11:53

sanguine ... that's a nice word for here

I am not sanguine about what I invest in

But then .... I am a realist