Bezant Resources Share Discussion Threads

[daytraders] 09/8/2012 11:50

LOL, thats not really land grab is it, this happens all the time, like they say themselfes, there is no reason that the Basay Deed of Assignment would not be formally approved, your terrible at misleading people to try and get your money you have lost on your short position back.

[tbg123] 09/8/2012 11:39

As previously announced by CDC, VeraLaw, a leading Philippine law firm, advised the Company that the Privatization and Management Office ("PMO") has, in the past, alleged that part of the area covered by the Basay exploration permit covers land it holds in trust for the Government of the Philippines. However, in its legal opinion on this matter VeraLaw advised that, on the evidence it reviewed at the office of the Mines and Geosciences Bureau ("MGB"), this would not appear to be the case (a view shared at that time by the MGB, which awarded the Basay exploration permit). In the light of this, VeraLaw's legal opinion stated that there is no reason that the Basay Deed of Assignment would not be formally approved.

Philippine government are trying to get land back from CDC.

[daytraders] 09/8/2012 10:19

give me direct link, i dont see anything, and if you mean there recent rns Status of Approval of Basay Deed of Assignment, there is no mention of land grab, so please give me your link.

[tiger60] 08/8/2012 12:27

'Bezant Shareholders' I will drop you a line later this week - I have had recent commuications with Bernard Oliver and I believe everything that needs to be done is being done.

Not sure what more we can do other than wait to see how this develops - keeping abreast with tax rulings, legal decisions and FTAA news in PH - all of which will increasingly impact the share price either way. However, I would expect to see increasing appetite for this share post Sept/Oct as the option date gets ever nearer and the potential rewards drag in the ST investors.

[tiger60] 08/8/2012 12:18

Look Buywell of course I am biased I am invested here. But my priority is to make money and simply put if I think the share price reflects an undervaluation of the assets I will stay invested.

Your posts concentrate on the macro picture - which is in dominance over most stocks at the moment - but it is not a rounded strategy. At micro level GF have been talking up FSE (and rightly so) at every opportunity. Whilst other miners maybe reviewing individual investment decisions based on the economics of the specific situation GF have decided a huge investment is warranted and I agree. Simple as thatbut I respect your point of view.

Next week we should hear from Jujuy on the 10 exploration licenses and hopefully get a green light to proceed to the interesting stuff! An open pit mining approach is cheap and well within BZT's abiity and budget to develop themselves. Yes there are risks with Argentina, although as I have pointed out foreign investment in mines has been visible post June. As to the option, again there is a risk but I see the risk/reward ratio (with the mkt cap around £15m) more than acceptable - there are worries about the 'illegal' barricades, along with the issuance of an FTAA (although there will be ways around that -see previous posts) - all in all happy to be here.

[bezant shareholders] 08/8/2012 11:46

morning tiger60, are you part of the private investor group that we have formed? Drop me a line if you have time on [e-mail] m i would be interested in swapping notes.

regards -t-

[buywell2] 08/8/2012 11:20

If it suits you I expect it is

[tiger60] 08/8/2012 11:17

Gold fields have said the opposite in regards to FSE and that is the relevant point.

[tbg123] 08/8/2012 10:28

Barrick Gold, the largest gold producer, said it will review its portfolio of projects in order to determine that are worth developing and will delay two mines in Alaska and Chile amid weakening economic conditions.

[tiger60] 08/8/2012 09:29

Lets see. Gold Fields have invested $220m dollars and have publically stated it is a world class resource however it is mined. The BZT project has an NPV of $300m on its own. And on the other side there is TBG saying GF should walk away. Hmm decisions, decisions.....

[tbg123] 08/8/2012 09:01

printing money pushed up the price of oil which restricts the spending power of consumers whoch reduces manafacturing which reduces the need for copper.

it the long term outlook, BHP,RIO ect are all slashing their spending on copper projects.

"Now is not exactly the right time to be thinking of bringing more copper into the market and BHP knows this," said Gavin Wendt, a mining analyst with MineLife in Sydney.

[kiwimonk] 07/8/2012 21:59

in this environment lol - do u know tbg your argument is so full of holes - also your misunderstanding of the Base metals world. watch what happens to these natural resource companies very soon...printing begins imminently across the world. sentiment changes like the wind.

[tbg123] 07/8/2012 13:15

no this site is HUGELY expensive in capex terms and also costs. the margins are low. it is exactly the type of project, underground and expensive, that companies are walking away from.

[tiger60] 07/8/2012 10:04

It is if it is false and the sad thing is you know it!

Marginal projects are in trouble and unprofitable pits are closing but quality sites with higher margins are exactly what the big miners need and will invest in. Miners cant exist without investment and replenishing resources. This site is world class.

[tbg123] 07/8/2012 09:29

king, your research is your research. i have done mine. its pretty basic accounting for a company operating two separate businesses, i.e asean copper in the Philippines and Bezant registered in the UK, to pay tax for both companies. i cant see how you think it could be any different. would the Philippines just say to the HMRC, "dont worry about the tax they owe us you have it!!" come on.

more to the point i just can see goldfields taking up the option in this environment so the argument is not worth having.

[daytraders] 06/8/2012 22:07

LOL, just checked and just 4 sales today, whats chunky about that ? and the biggest trade today was a buy.

[king suarez] 06/8/2012 21:04

No. Any response to my post above?

[tbg123] 06/8/2012 15:32

some chunky sells today, any bad new out there?

[king suarez] 03/8/2012 16:18

'KING, Philippines law does not allow for CAPEX, IPC, or previous yearly losses to be credited against future profits, this is why i have not deducted the $5m purchase cost or allowed any amount for operational expenses.'

Sorry, but that just sounds like B/S to me. What's your source for this? Are you saying the Philippines do not apply IFRS?! and have their own accounting rules? I just don't buy this... unless you can link me some proof I think you are making things up?

Why would the BOD state in RNS that after dividend, the remaining cash from sale proceeds would be used to progress Eureka if those proceeds are going to be zero.

Also, don't buy the double taxation assumption either. Proof?

KS

[tiger60] 03/8/2012 14:05

Lets move on from TBG. Opposing views welcome but keep them honest.

[king suarez] 03/8/2012 09:36

Has anyone actually contacted BZT for clarification/information on the likely tax implications of the sale?

If not, I will do so and post any response I receive so that we can put the debate to bed and move onwards to discuss other matters.

I've stated what my assumptions are, but I'm no tax expert by any means (although I am a qualified accountant). Obviously TBG has very different assumptions..

TBG - are your assumptions based on information from BZT, or do you have a suprisingly in depth knowledge of tax accounting, in particular Phillipinne tax law? Genuine question.

Thanks,
KS

[tbg123] 03/8/2012 08:45

no no no, its the long investors that will need a miracle.

[kiwimonk] 03/8/2012 08:30

TBG
what's the point of posting pal? you aren't enlightening any of us, if you think you are you are sadly mistaken.
If you are shorting BZT, then good luck, you'll need a miracle.
KM

[tbg123] 03/8/2012 08:23

tiger everyone is entitle to a investment veiw, mine juts happends to be very bearish on BZT. you are more optimistic.



this is not ,imo, the type of environment in which companies make acquisition for copper. they will either re-negotiate at a lower price or walk away completely, imo.