Bezant Resources Share Discussion Threads

[tiger60] 03/12/2012 16:48

The lunch planned for today was re arranged to Wed - which unfortunately - although I work in the city - I cant attend. As to the AGM I doubt I have the time and therefore one could say that I have no right to complain but to be honest I have devoted too much time with too little return..going to switch off and enjoy the holiday season

[bezant shareholders] 03/12/2012 16:32

tiger feel free to raise your point at the AGM, will you be going?

[tiger60] 03/12/2012 15:39

Hi T,

How will we get more money? Any amount paid will be subtracted from the $63m if the option is extended. Ideally they should pay (a lot) to extend but where is the pressure to do so?

If there is an extension you have to question the wisdom of the original deal. However, as we dont have all the facts we can only surmise that BZT had few, if any other option. This leaves them in a rather difficult situation and makes a mockery of the legalities of signing an option agreement if GF can renegotiate with little consequence. THe mistake was not to have stipulated the price of any extension in the agreement as GF, at the time, were confident of getting their FTAA in 2012.

Havig reread your letter whilst i fully appreciate your efforts I tend to disagree with the rather lame answers given to you regarding the take up of the bonus ie pushed on them by major shareholders and to prop up the share price Well the share price saw a bounce and then settled into a period of depression (rather like myself).

You cant take money out of a loss making and non revenue generating business without losing credibility - at no point have they created shareholder value only reduced most investors wealth. However, like I said before this is a side show. The option is the main course and would like to see BZT play it well.

Time will tell but get the feeling BZT have been allegedly hiding behind receiving 'formal' notification of GF's intentions rather than giving their investors updates to base their decisions - no presentations or broker reports since early 2011 on the website.

Still here lets hope for a happy xmas (ps what was the outcome on the legal issue from 2007 - anyone know?)

[bezant shareholders] 03/12/2012 14:41

katsy it fairly clear to everyone that the jan 31 option will not be taken up. goldfields have alot going on as a company with their restructuring.

personally i think that if the option is renegotiated for say 6 months time with another down payment of 2-3m then that would actually be positive for the share price. it would mean goldfeilds defiantly want the project and we get more money as well.

[daytraders] 03/12/2012 12:02

or help paying there wages.

[king suarez] 03/12/2012 11:50

If the option is extended - do you think it is likely BZT will be paid some additional (in excess of currently agreed) money as recompense? i.e another few million $ upfront, which will help go towards development of Eureka in the meantime?

[abacus23] 03/12/2012 11:32

Well i took advantage of the recent increase from 22-27 to sell as well.

I will still monitor the situation, as i still think GF will take up the option but in another year or so, when the FTAA is approved and they own the 60%.

[cjohn] 03/12/2012 10:30

last day of January

[katsy] 03/12/2012 09:59

what's the closing date of the option take up? not been paying attention since selling out back in Jan.

[cjohn] 03/12/2012 09:16

I took the opportunity of the recent share price rise to sell out at 26p, making a modest profit. I bought in earlier in the year at 27p and then 22p.

My view expresssed, when I bought in, was that there was a 60% chance the option would be taken up. (Ridicule was poured on that view, btw: nearly everyone thought I'd pitched the probability far too pessimistically. One poster insisted repeatedly that take up was certain, 99% certain.) At that 60% chance of take up, the price looked attractive however.


Unclear tax liabilities if the option was taken up and my feeling that the chance of option take up was actually closer to 40% means the current price looks about right. There are many other investments with a better risk-reward ratio currently. So I've sold.

I have no comment to make about recent non-developments here. There still seems to me to be a chance the option IS taken up before end Jan. So good luck to holders.

[bezant shareholders] 03/12/2012 08:05

tunnelking everyone is entitle their view and i certainly shared some of your concerns until, as you know, i met with bernard on Friday.

i would suggest that if you can you go to the AGM and listen to bernard talk about the future for BZT, it makes good listening!

i dont think it will be that bad if goldfields extend the option by 6 months. it means they will defiantly take it up and it could actually be positive for the stock. who knows but good luck with your decision.

[currypasty] 02/12/2012 15:03

it seems that the buys and the bonus were actioned earlier this year

[ayiman] 02/12/2012 14:57

Why has thee been no notification of the directors buys?
Did I miss it?
ayi

[bezant shareholders] 02/12/2012 11:18

tunnelking the directors have already used their "bonuses" to buy shares above the current shareprice.

if you have not received the current email from the group email me at bezantshareholders@ymail..com and i will send you the positive answer we got from our meeting with bernard from bezant.

[david77] 02/12/2012 08:57

If they offered £30 million, then that would be nearly double the current share price. They get a bargain and this shareholder would be reasonably happy.

[daytraders] 01/12/2012 23:08

i bought in at 52p myself and sold out at 26.25p at a big loss also, still watching here thou if it drops alot, i just cant see how goldfields will take up option now for 60 mill when they can have the whole company for just 20mill, can someone explain this to me ? or am i missing something.

[tunnelking] 01/12/2012 22:02

Abacus,I think I'm selling Monday if this price holds.i will take a hefty loss after being here for 2 years and topping up along the way to an average of 49p.my reason is that I believe that GF will take up the option but not for another 6-12 months,and I expect the share price to fall 15-20p at some point after January .Also annoyed at the directors bonuses before the deal has gone through.....and I haven't seen any shareholder value to date.I believe the Bod will be only too happy to string this deal out,and will probably spend their(our)bonus money on a shed load of shares in 2013 when the share price drops .finally I believe my money is better used elsewhere.I may be back in when the directors buy their bargain shares with our money.all IMO of course and wtfdik.Gla
TK

[king suarez] 30/11/2012 21:09

I strongly urge shareholders to send an email to:

[e-mail]

The chap who heads up the shareholder group met with the directors this afternoon and raised questions regarding the remuneration packages and the future plans for the business. Ask him to send you a summary, it is well worth reading.

Regards,
KS

[russman] 30/11/2012 17:35

If Goldfields do not exercise their option, the Mankayan Project would still have some value to BZT. Would you pay £40m to a company worth £20m.

[abacus23] 30/11/2012 13:28

goalmachine2,

Thanks for your response.

When the initial agreement came out, i knew it wouldn't be straight away, at 40p i considering selling!!!

Hindsight... he always gets it right!! :)

[goalmachine2] 30/11/2012 12:56

abacus23, im in a similar position, I will just hold.

[abacus23] 30/11/2012 11:27

double post

[abacus23] 30/11/2012 11:27

I still don't know what to do here.

I can't see any new information coming out from the AGM, probably be usual, when we know what GF are doing, we will inform the market immediately.

As GF have BZT by the gonads and with GF splitting up, i can see them wanting to extend the deadline for the option, and BZT having no choice but to agree.

If this happens were back down to 10-15p and the possibility of a year long wait or until FTAA is given.

I only have 5% of my portfolio in here, so its not massive, but a drop to 10p after buying some at 50p would seem a disaster.

Not blaming anybody, should have had a stop in.

The other issue was the £800,000 payout!!

Are others staying in?