Bezant Resources Share Discussion Threads

[mazag2] 30/11/2012 09:13

Why tell us that a meeting is due to be held...why not wait until the meeting has been held and the decision made !?

Is that the BoD's idea of good news before the up coming AGM ?

[abacus23] 27/11/2012 15:00

Well it is looking slightly better today. Chart wise.

Nothing more to add.

No update from GF in Q3, but i wasn't expecting any on mankayan.

Here's hoping.

[abacus23] 27/11/2012 15:00

Well it is looking slightly better today. Chart wise.

Nothing more to add.

No update from GF in Q3, but i wasn't expecting any on mankayan.

Here's hoping.

[mazag2] 26/11/2012 14:33

From GF's Quarterly Update Report:

The Foreign Technical Assistance Agreement ("FTAA")
application submitted in November 2011 requires Free Prior
Informed Consent ("FPIC") of the indigenous people. The
FPIC process, suspended at a national level in the June 2012
quarter, recommenced this quarter and is scheduled to be
completed in the December 2012 quarter.

However no mention - direct or indirect - of Mankayan in the report.

[tiger60] 26/11/2012 12:31

Whilst I agree the goings on internally are more than a little disconcerting we cant be drawn away from our main focus - Mankayan.

Now Gf have just announced 3rd qtr numbers - below predicted estimates but with a strike and a fire they were never going to be great.

however, the FTAA for Lepanto looks like it has run out of time - What are the consequences for BZT? And it is this point which needs to be addressed now. What 'wriggle' room does the option allow GF?

There are numerous articles stating mining investment is down 50% on the year in PH based on the long running EO and mining revenue sharing agreement debate. On the positive side GF have already put $220m into buying 40% of FSE with 20% on hold until the FTAA is granted. THe idea was the FTAA would be in place in 2012 leaving GF to pay the final 120minstalement and take up the BZT option in 2013 with their 2013 acquisition budget. Now that plan is screwed. What are GF's intentions??

To be honest a delay wont be too bad long run although alot of spread positions will be closed out. If they asked for a delay it would mean their intentions are to take up the option - the share price would immediately fall like a stone but bounce back over time - not really the result we want but not end game either.

However, after waiting so long BZT should give their frustrated shareholders the info they need to make the decision as what to do now not leave it to a make or break RNS.

THe fact the directors took 800,000 out to make the annual loss 1.8m is mind boggling, especially for those that took part in the placement at 50p. THey basically took their money halved their investment and allegedly paid it to themselves!!!

[walkerkram] 26/11/2012 11:16

Bezant Shareholders.

I do not want to refer to him by name on a public BB but I would just like to thank said gentleman for his excellent and tenancious work on our behalf. There have been some very direct and poignant e.mails delivered to the BOD and quite right too.

Once again thank you sir for your considerable effort and committment on our behalf.

I am looking forward to future developments.

Smileandgoforwards ;-)

[ayiman] 25/11/2012 11:37

I am on the circulation for the group but like many others I hold shares in BZT through a nominee account with my broker. It will take time to contact the broker to get my vote cast in favour of any resolutions proposed by the group. Not sure if my vote will get through in time for the coming meeting
Ayi

[bezant shareholders] 24/11/2012 15:31

for anyone that is not in the BRPI group and wants to join the large representation we already have then please send me an email on

[e-mail] and you will be added to the group and kept up to speed with all the developments.

the recent remuneration that the Chairman and CEO took of £260,000 and £250,000 respectively has already got noticed by the UK's leading independent commentator on all things management excess!



a copy of the next stages of action has been sent to all members of the group.
we are here to represent you so any thoughts drop us a mail.

GL

[currypasty] 24/11/2012 13:13

he's not getting my vote, unless he hands back some of that inapropriate sallary

[tunnelking] 24/11/2012 10:03

Gerry nealon is up for reelection in december.will I be sent voting papers for this if I requested through my broker?

Tiger,I've been here since December 2010,and would really appreciate any feedback from your lunch if at all possible.
TK

[abacus23] 23/11/2012 15:57

tiger60.

Please, please do a report back.

Hanging on here, seems like years....oh hang on, it has been!!!!

[tiger60] 23/11/2012 14:01

Been invited to a lunch with Bezant on 3rd Dec by Singer. Should be interesting!

[mazag2] 22/11/2012 12:57

cut for what 77 ? Doing their job - rip off merchants the pair of them

[currypasty] 22/11/2012 12:41

that would be a good idea, they are 'on the case' of alot of rip off aim directors

[davidosh] 22/11/2012 11:39

If you have a shareholder action group it is probably worth seeking the assistance of ShareSoc at www.sharesoc.org Membership for private investors is free.

[bezant shareholders] 21/11/2012 14:17

thetoon we have one, it represent a very large number of PI. drop us a line at [e-mail] and you can keep up to speed with what we are doing.

[david77] 20/11/2012 21:29

I guess it's their cut from the $6.3 million option money.

[bezant shareholders] 20/11/2012 18:26

Gerry Nealon pay in 2011- £90,000 pay in 2012- £390,000

Bernard Oliver pay in 2011- £72,000 pay in 2012- £360,000

the total directors pay accounted for £ 800,000 of the 1.8m loss

http://gyazo.com/e26fad9a2bc58b0e782e12698514d478