Bezant Resources Share Discussion Threads

[daytraders] 09/7/2012 20:03

also goldfields took option out when copper was low, they got a real bargain from us.

[king suarez] 09/7/2012 19:45

Yes, Mankayan is a 20+ year project not due to start production in 2013. The immediate copper price will not overly concern/influence Goldfields. The forecast copper price over the next 20-25 years is what they will be budgeting on.

BZT also have some cash at bank from the placing last year and $7m option that has not all been consumedm don't forget!

[mazag2] 09/7/2012 12:39

Cash due back to shareholders 50% of 97 US cents per share - 48.5 cents.

Since announcement of option in December:
Average Cable - £-$1.574 - High $1.62 - Low a little below $1.54
Would assume a similar range for the next six months. Any different views ?

Based on the above a payout of somewhere around 30 - 31.25pence payout p/share - subject to the option being taken up in the future

[daytraders] 09/7/2012 11:52

70p/75p if option is taken up eventually.

[tiger60] 09/7/2012 11:49

To be fair Gold Fields have stated the option expiry date of Jan 13 was specifically to fitthe BZT acquisition into the new financial year and budget based on heavy expediture with Lepanto this current year.

As to 40p valuation on uptake - Care to break that down?

We will receive $63m cash. 50% will be returned to share holders (all costs and tax attributed in the retained share )that should equate to 31-33p. THe other 50% - after tax/costs - maybe 24/25p. Eureka, must have a value, personally I would say as high as 15p a share but lets say 10p for arguments sake.

Therefore pre dividend looking at 60p+.

how do you get 40p on uptake?

[currypasty] 09/7/2012 11:20

"The option may be exercised by Gold Fields at any time until 31 January 2013"



could be next month, could be jan 2013, could be tomorrow ?

[king suarez] 09/7/2012 11:00

We will get more than 40p if they take up the option because $63m is worth more than 40p a share, plus the company has additional cash resources in the bank and Eureka (which is worth "something").

[tbg123] 09/7/2012 10:50

i come out and defend the compnay against daytraders who does not even know the break down of gold and copper and this is what i get? cheers tiger!

my biggest problem with BZT is that it is such a punt. IF goldfields take the option ( which i dont think they will) you will get maybe 40p. IF they dont you will be left with a share price close to 5p ) cash). there is no middle ground. its all or nothing. that is casino territory to me.

[tiger60] 09/7/2012 10:07

TBG you are not optimistic? Surprise surprise.

Again the planned production is in 2017. Predicted shortfalls of copper pdn will shift the supply/demand side dynamics over time. This is a world class asset that WILL be developed.

Taxation isnt the key! PH has always been a friend to miners and in redressing the balance to a fairer taxation standpoint is a legitmate and fair response.

This debate has been going on 18 months. It is not new.

To be honest I am bored of conversing with you as your only motive is to take a negative slant on every bit of news. I admitthere are issues going forward. THe FTAA still needs to pass a number of hurdles. The Mankayan protestors, although given a legal desist order, may get a review etc, macro economics are as bad as ever and the share price could go lower but there are more positives to outweigh the negatives here.

Even if the option wasnt taken up (which I strongly believe they will) the run up to the deadline will see investors jumping on board and give initial investors a chance to derisk. All in all we need to wait until Sept/Oct to see this take place.

[tbg123] 09/7/2012 09:47

dont see gold going down that much personally.

daytraders you are wrong. just to prove i have done my research for those that think i am a mindless bear.

per 1000 ton the revenue break down for copper/gold is

CU- @ average grade .4 - $28,000
AU- @ average grade .42 gpt- $21,000

so you can see that it is quite evenly spread between CU and AU revenue.

taxation is the key and i think the effect of the mining policy will be massive. as i said before im not optimistic.

[daytraders] 09/7/2012 09:46

buywell, for the 100th time, bzt is all about copper not gold really.

[buywell2] 09/7/2012 08:44

GOLD chart is weak now and signals further falls below $1500 in my opinion

If you are relying on a GOLD producer for your BZT lolly I would not start counting on it any time in the near future








BZT

Current Technical Events

3 bullish
5 bearish - closest target 18.25-20.00


28 Mar 2012 Continuation Diamond (Bearish) Intermediate-Term Bearish


Close at event 27.00 .......................... Target 18.25 - 20.00

[tiger60] 09/7/2012 08:35

Again you show your lack of knowledge the taxation aspect of the bill was always going to need ratification - this was both known and expected. Ph still remains biased towards mining.

[tiger60] 09/7/2012 08:31

Yea tb such bad news lepanto went up 7% on the news - like I said keep it clean

[daytraders] 08/7/2012 22:07

well goldfields stands to loose 200 million then, that they have already put in other project, i cant see that they would have done that for nothing.

[tbg123] 08/7/2012 21:47

what environmental groups and mining companies want are totally opposing. more important will be the tax situation, any rise in that could be the death of the gold fields deal. lets wait and see what the content is.. im not optimistic.

[daytraders] 08/7/2012 21:09

The other way around i think, they want to help the mining industry, looks like good news coming, so were be up not down.

The EO is expected to set guidelines that will harmonize conflicting interests of the mining industry, national and local governments and environmental groups.

[tbg123] 08/7/2012 20:59

could see a huge sell off tomorrow if it is not a favourable policy. get your stops loses on it could be carnage!

[tiger60] 07/7/2012 16:54

Mining Executive order signed off and released Monday...Tick one.

[cb7] 04/7/2012 14:26

yep curry, according to a reliable site I use, it gave two weak bullish signals yesterday. Check it out on ichimokutrader.com

[tbg123] 04/7/2012 13:46

you probably would have said the same half way down of this bear trend when it had a small spike out of the downtrend. the share price then kept going down another 30%. a long side ways move would have to be in place before any talk of breaking out. just from a technical point of view the share price is still very much in a downtrend that is heading for 18-20p.

all moving averages still very much pointing down and the shareprice is still well below it 200dma indicating more loses to come.

[currypasty] 04/7/2012 12:39

broken out of downtrend ?