Bezant Resources Share Discussion Threads

[bezant shareholders] 20/11/2012 16:05

kramch i think that would be the monster of all insider trades if they were buying on the open market! i

[kramch] 20/11/2012 14:19

Perhaps it is Gold Fields?

Surely it's cheaper for them to buy Bezant for a knock-down £15m and then pay the $63m to themselves, or am I missing something?
K.

[currypasty] 20/11/2012 09:21

and another 100k buy reported late

[tiger60] 19/11/2012 21:15

160,000 late reported buy and 40,000 buy in the afternoon. Against sales early on. Havent a clue whats going on someone is playing a bigger game.

[theapplefell] 19/11/2012 13:15

PIs will be concerned with the selling in case the option decision has leaked- I know I was last week when it started to drop.

[daytraders] 19/11/2012 12:46

Big selling coming now, when markets are going up now.

[daytraders] 19/11/2012 10:46

Ah, cheers

[david77] 19/11/2012 08:56

READ THE CHAIRMAN'S STATEMENT:

"Financial / other:

For the financial year ended 30 June 2012, the Company made a loss after tax of GBP1,836,000 (2011: loss of GBP1,550,000). This loss reflects the expenditure on our ongoing exploration activities and the cost of the full acquisition of the Eureka Project in Argentina. It does not reflect the GBP3,610,000 non-refundable option payment received from Gold Fields (net of costs associated with the negotiation and finalisation of the Option Agreement) since the appropriate accounting treatment is to capitalise this amount as a deposit/deferred income on the balance sheet until such time as the option is exercised or lapses when it will then be recognised in the income statement."

[daytraders] 18/11/2012 22:52

And how come they had a £1.84 million loss this year ?

[tunnelking] 18/11/2012 22:39

Having no alternative options is a position which the BOD should never have allowed to happen,irrespective of a decline in the markets and copper prices.it is fairly obvious from the recent drop in share price over the past week that something isn't right with the deal/negotiations,and the company and shareholders are now at the mercy of Goldfields,which is poor management from the BZT BOD IMO.the silver lining for the management is they can sit tight with the guaranteed 7mil,collect their monthly wage and work on over hyping another project.Imo for what it's worth the BOD of BZT have not delivered,and highly unlikely to do so according to the drop in share price

[tiger60] 18/11/2012 20:27

My thoughts for what it worth, we just dont know what was on the table when bzt decided to go with the option to Gf. And yes, in hindsight it may prove wrong but as stated how can we judge without all the details. And we will quite rightly never get them..

As to the share purchases straight after that was only a reconfirmation of their own decision on taking the gf option as the chosen path so it doesnt add anything other than at the time they backed their convictions. Also a backlash to the fact that prior to that purchase not one director owned shares! Very strange.

Subsequent director buys are limited to june. Why no more? When they are having talks with gf regularly. Formally no response but informally i expect they have a good idea.

With this illiquid share any pull in either direction will result in dramatic movements. My biggest hope is that no news has leaked. That is my main worry on AIM. Without that worry i willl hold but the fact that it is a worry sums up everything wrong in investing in AIM. No decision to sell or buy should be based on any form of leaks although market oversight in black and white is there but not in reality

[king suarez] 18/11/2012 14:34

Tunnelking,

I respect your opinion, however on consideration of the following:

1) The deal was struck in a poor market, with few (if any) viable alternative options availbable to the company (BZT cannot raise funds required to develop Mankayan)

2) The BOD put in over £200k of their own money buying shares at c27p following the option announcement

Given 1 and 2 above, do you still consider that the BOD do not care about shareholders? They also hold shares and I would anticipate that they do not wish to see their shares decrease in value if it can be avoided at all? That would be illogical imo.

KS

[tunnelking] 17/11/2012 20:12

This deal was never right from the outset.price was to too low for such 'a world class mine',and the bod will be more than happy to extend this deal a further 12months while they continue to collect their wage.shareholders are being taken for a ride here,and the bod are only too happy to allow this to happen.

[tiger60] 16/11/2012 15:29

GF downgrade on debt - Lets hope from here on in its up.......

It is not as bad as the headline suggests - but we arent getting any breaks at the moment. (BZT mkt cap at 14.5m and 4.3m in the bank). On the bright side a very good reaon for GF to intensify its attempts to diversify from south Africa and into PH

Mining giant Gold Fields was downgraded on Thursday by international ratings agency Standard & Poor's (S&P).

"We believe that South African gold miner Gold Fields Ltd (GFI) faces increased country risk in light of increasing social and political tensions," S&P said in a statement.

Gold Fields was downgraded to BB+/B with a stable outlook, from BBB-/A-3 for its long-term and short-term credit.

"We have revised downward our assessment of GFI's business risk profile to "fair" from "satisfactory" to reflect the increase in country risk in South Africa, and GFI's higher unit cash costs than peers," said S&P.

The stable outlook reflected S&P's opinion that GFI's financial risk profile would continue to be robust, benefiting from healthy gold prices, modest leverage, strong liquidity, and its conservative financial policy, it said.

[tiger60] 16/11/2012 08:32

Is it possible to post the article?

[abacus23] 15/11/2012 16:21

If it falls through the trendline. I'll have to reconsider my position.



-8% i didnt think the results said anything we didnt already know.

[theapplefell] 15/11/2012 16:08

I couldn't agree with you more tiger. I became steadily more nervy with the silence and lack of news from BZT. They must have a fairly good idea about GF's intentions by now. If it's good news then why no director buys- I know there was a small director buy in the summer but that was before the delay in the FPIC process became protracted.

[tiger60] 15/11/2012 15:08

There was nothing directly in the statement to trigger this fall. Bit of unlucky timing. Falls on the previous days plus no positive news has focused investors minds on the nature of this investment. And sales trigger sales.

I am still holding. I think BZT definitely need to work on their wording and presentation. In the opening statement the CEO mentions wanting a swift conclusion to the Eureka approval process and then later on states they are still providing info, along with the fact we all know it has been 200 days plus so swift it aint! Niggles investors.

That and the repeating of the no 'formal' decision made by GF. The immediate thought on reading this a couple of times - what about informally? No director buys, no clear positve indicators. They unnerved some. They are getting the basics wrong.

FPIc process was cancelled for the third time today I believe which may add to concerns but again believe money wins every time (dont think its right) so believe Gf will finally get their way.

[theapplefell] 15/11/2012 13:45

I also decided to sell as I think the risk of GF not taking up or delaying the option have increased and the share price performance hasn't inspired confidence.

I was also hoping like tiger that the share price would increase in the run up to Jan in order to derisk but that hasn't happened.

Just want to wish everyone who is still in good luck and thanks for sharing the info and thoughts over the year.

[bezant shareholders] 15/11/2012 13:08

you win some you lose some daytraders. dont dwell on it mate. i think you may look back at 26. and be happy you sold for that price in a few months if GF dont take up the option.

[daytraders] 15/11/2012 12:28

yeh was a sale im afraid i think, well my buy in at 52p was a mistake, and i sold out at 26.25p, oh well, im still watching here thou.

[bezant shareholders] 15/11/2012 12:13

is showing as a delayed sell on my L2 from this morning.

[tiger60] 15/11/2012 11:46

50000 buy gone through - good entry price for new investors but nothing out there to drive them this way!

[tiger60] 15/11/2012 11:43

A while back I posted a link to one mining expert that stated there were ways around getting a majority stake even without the FTAA.

Anyway I think they will eventually get it - GF have given all the right signals that it is high on their priority list.