Bezant Resources Share Discussion Threads

[tiger60] 03/7/2012 20:56

Disagree about Eureka.

How can you say this is not about your short! This is all about your short. Nobody minds a different point of view but you lost all credibility by posting articles months old purely to misinform and to get investors to sell.

Fine you are shorting but dont lie for financial gain. You are a first class scumbag.

As to the new mining policy and executive order this is what the mining giants are after! It is more to tackle district disparity and illegal small scale mining. Gold fieldsgot their ncip ruling and will get their ftaa.

As to your latest posting on iii - are u serious-expect not but anything to make money. Just sad.

[daytraders] 03/7/2012 19:35

what about eureka tbg123

[tbg123] 03/7/2012 19:33

5p would be the bearish case, but it would almost certainly go to that if goldfields dont exercise the option as that would be the cash the company has. you have to remember that the goldfields offers was by far the best, says alot about the other offers, if there were any. if goldfeilds walk away, which i think is quite likely, then i dont believe bezant have any other options to dispose of mankayan. in my book if they cant sell it, its worthless.

anyway that has nothing to do with my short, i am just reading the chart and i am in good profit from 30p shorting. BZT is in a strong down trend for now with all the moving averages and indicators pointing down you would be mad to buy now. the down trend is either being fuel by insiders getting ahead of the option not being taken up or short sellers keeping the bear market going. either way until the chart changes staying short is how to make money.

[tiger60] 03/7/2012 19:03

Tbg/buywell,

Nice little rally on commodities today. Stimulus plans for us, china and uk on the cards. Hope your short gets you the result you deserve for trying to mislead investors with old scare stories and misleading links.

New mining executive order anytime now and the ftaa to follow

[mazag2] 03/7/2012 18:27

5p tbg123...now you are being silly...

Old news re the protest...

[daytraders] 03/7/2012 17:54

your forgetting about our other projects like Eureka, we have spent millions on that already, oh and our massive resource has been there millions of years so it aint going anywhere even if goldfields dont want it, we still keep massive upfront deposit and will still have the resource to sale in better times.

[tbg123] 03/7/2012 17:14

just because there is more than one bearish opinion out there does not mean it is the same person tiger60. i am not as bearish as buywell. i think we will test the 15-18p area but that could be the bottom, unless goldfields dont exercise the option in which case i cant see any value apart from the cash they have which is aprox 5p a share. so some fairly major downside. just my opinion.

[tiger60] 03/7/2012 16:24

Looks like a tick up today and your chart will look a bit suspect!

[tiger60] 03/7/2012 16:23

why are you posting in two different names?

[buywell2] 03/7/2012 16:04

time for an update ?




Does not look too good

If the next major support goes then the fall could be severe

A lot now rides upon China and India keeping Growth going to make up for EU and USA slowdown

dyor

[tbg123] 03/7/2012 15:56

"The Municipal Council wants mining corporation, Gold Fields, out because of non–compliance to existing laws."

[christianf12] 03/7/2012 12:48

Gold Fields have a JV with OSU if anyone interested. OSU capped at £9m and have £6m of cash and no debt. They have 5-6m ounces of gold equivelent.

[currypasty] 03/7/2012 12:46

april...

""The successful completion of the EIS is a vital intermediary step for the Company with regards to the Eureka Project, in terms of both community and Governmental support, and we now look forward to receiving official approval, so that we can swiftly move towards the main phase of our exploration programme. "


time for an update ?

[tiger60] 03/7/2012 11:34

The bigger sized trades over the last few days are buys. There are still numerous small level sell trades but maybe at last we will see a turnaround.

[mazag2] 02/7/2012 16:00

60p...would also be nice ! Bought a few more at these prices...although it may well continue to drop towards and maybe even below 20p

[ayiman] 29/6/2012 17:12

I for one would be happy with 80p!
ayi

[mazag2] 28/6/2012 17:01

...watching paint dry is better than this sh*t...BZT - don't think we will see higher than 80p ever again.

[tiger60] 27/6/2012 11:03

huge buy/sell gone through at 22.85 - 200,000+.

current price 22.88 more likely a buy.

[tiger60] 25/6/2012 12:33

Looks like the new mining policy, which is a precondition to issuing the FTAA to Gold Fields - Lepanto will be in place anytime now - which is good news. However, there are other barriers to the FTAA issuance surrounding competing claims on the FTAA area that need resolving.

Anyway we creep closer - If Gold Fields get the FTAA then this would trigger the final payment for Lepanto and would boost the likelyhood of the 'Bezant' option being taken up.

[buywell2] 21/6/2012 09:15

Check out todays ChinDown article in FT

[tiger60] 20/6/2012 10:22

Bezant has a tiny mkt cap of £14/15m. THe possibility of a $63m cash payment is why most of us are here.

But on Eureka, although Argentina is not the best commercial environment at the moment Eureka is an unproved resource way off the radar. To firm up the resource and move to production will take a while and a lot can change in a couple of years, especially in politics.

Bizz2Bizz - the full payment is worth between 60-64p a share dependent on FX rates etc. A valuation of 35/40p post div is not that bullish, in fact rather pesimistic come Jan 13.

[bizz2bizz] 20/6/2012 08:41

Eureka valuation is my only concern. It cost us relatively little, Argentina is no ones friend within industry and commerce after the treatment of Repsol. I'm really not sure 35/40p is the range after the divi payment, as you said though about £22mio will be retained in the company for working capital.

[daytraders] 19/6/2012 20:02

30p special divi, and that should leave a share price of 35p/40p+ after the divi is paid, dont forget eureka is worth alot, and after divi there is still 33million cash to play with.

[tiger60] 19/6/2012 16:29

They are intent on returning 50% - around 32p and retaining the other 50% so pre dividend on the option alone it is around the 60p mark plus whatever value you attribute to Eureka.

So if 10p as you state then a price (pre dividend) of 70p is realistic.

However, there are so many people that are so negative about Eureka. yes there are issues but I trust the board and initial studies look exciting (suitable for cheaper open pit mining)