Bezant Resources Share Discussion Threads

[mazag2] 05/8/2013 14:28

FTAA news v positive

[currypasty] 31/7/2013 12:39

looks like headed over 20p shortly

just 1 mm on 18.5

[buywell2] 30/7/2013 15:55

So your in till 31st Jan 2014

Bonne chance mon ami

[currypasty] 30/7/2013 15:50

yes, this is it...

"Option to be extended until 31 January 2014 with revised consideration of US$60.5m to be paid on future exercise of the Option "

[buywell2] 30/7/2013 15:41

A bit of a bounce going on

Have you a sell target Curry ?

[currypasty] 30/7/2013 15:14

id probably only get 100k, feeling the pinch these days

[thetoonarmy2] 30/7/2013 13:34

Curry go on get another couple say 200k that will help move em up.

[currypasty] 30/7/2013 10:06

nope, ive got enough, and hopefully in 6 months the deal will be done, and ill make some money

[buywell2] 29/7/2013 15:37

yes it is .... have you bought some ?

[currypasty] 29/7/2013 14:27

looking perky today

[buywell2] 10/7/2013 09:26

Things in China getting worse .... commodities to take a hit, Copper will not be exempt




China June Trade Falls in New Sign Economy Fading


By JOE McDONALD AP Business Writer
BEIJING July 10, 2013 (AP)

China's trade declined abruptly in June in a sign growth in the world's second-largest economy might be cooling even more sharply than expected.

Exports fell by 3.1 percent compared with a year earlier and imports contracted by 0.7 percent, customs data showed Wednesday. Both were below forecasts of growth in the low single digits.

China's economic growth has slowed this year and is expected to fall further due to weak global demand and an effort by the Chinese central bank to cool a credit boom.

"The export sector is faring very badly. It does suggest overall growth momentum is going to be weaker than we initially expected," said Societe General economist Wei Yao.

New communist leaders who took power last year say they want to pursue slower, more self-sustaining growth based on domestic consumption, reducing reliance on trade and investment. But some analysts say the latest slowdown might be so deep they could be forced to temporarily reverse course and boost lending or government spending to stimulate growth.

A decline in Chinese economic activity could have global repercussions, denting revenues for suppliers of commodities and industrial components such as Australia, Brazil and Southeast Asia. Lower Chinese demand already has depressed global prices for iron ore, copper and other raw materials, cooling an economic boom for exporters.

The ruling party's growth target this year is 7.5 percent, down by almost half from 2007's staggering growth rate of 14.2 percent. Some analysts have suggested growth might dip below 7 percent in coming months - dangerously low by Chinese standards.
China Trade.JPEG

Some private sector forecasters cut their growth outlook for the year, though to still robust levels above 7 percent, after a credit crunch hit China's financial markets last month. That came as the central bank tried to rein in a lending boom regulators worry could spiral out of control.

"The most likely outcome, in our view, is the Chinese economy going through a period of sluggish growth and adjustment," said UBS economist Tao Wang in a report this week.

Communist leaders have promised to promote private businesses that generate most of China's new jobs and wealth but have yet to make major changes.

Retail sales have fallen short of official forecasts and a HSBC Corp. survey of manufacturers showed activity contracted in June for a second month.

Still, Chinese leaders are unlikely to back away from efforts to overhaul the country's growth model, said Societe Generale's Yao.

"The plan is still to induce some short-term pain in exchange for long-term sustainability," said Yao. "That is still the most sensible choice, but sure, they need to make some marginal adjustments to make sure the economy doesn't slow too fast."

Analysts expected China to report slower growth in trade due to a crackdown on misreporting of data by exporters as a way to evade currency controls and bring extra money into the country. But even with that taken into account, Wednesday's figures were below forecasts for exports to rise by up to 3.5 percent and imports to grow by up to 1.5 percent.

June's export growth was down from May's year-on-year gain of 13.5 percent and import growth was down from 8.2 percent.

China's politically sensitive global trade surplus contracted by 12.4 percent compared with a year earlier to $27.1 billion. Exports were $174.3 billion while imports were $147.2 billion.

Growth in exports to the United States, China's biggest foreign market, fell to 1.8 percent from May's 3.5 percent. Exports to the 27-nation European Union contracted 3.9 percent.

The trade surplus with the U.S. contracted by 15.5 percent from a year earlier to $17.5 billion, but still one of this year's highest levels. The surplus with Europe shrank 20.3 percent to $10.2 billion.

[buywell2] 02/7/2013 15:06

I gather you have sold






blondeamon
3 Jun'13 - 12:15 - 4576 of 4591 0 0

Tipped again today by IC's Simon thompson, this is one of his favourite stocks with a lot of upside left in it!

buywell2
4 Jun'13 - 17:32 - 4577 of 4591 0 0 edit

Simple Simon can't pick his nose

blondeamon
4 Jun'13 - 17:41 - 4578 of 4591 0 0

Well, whoever bought it when Simon adviced is already 30% in profit so I am sticking with him all the way :)

[buywell2] 28/6/2013 12:46

Well I did try

I now have 13p on this




buywell2 23 May'13 - 03:46 - 4535 of 4590 0 0 edit

Wonder how many bought in on the strength of the 8p divi when this was 24p or so ?

8p means they make 4p if the price drops to 20p , those that bought at 28p could make zip







buywell2 31 May'13 - 16:10 - 4569 of 4590 0 0 edit



Read em and weep


buywell2 3 Jun'13 - 09:47 - 4572 of 4590 0 0 edit

I did warn you guys the other week



buywell2 31 May'13 - 08:22 - 4563 of 4572 0 0 edit

This company has no staff , not much cash , and not much future

All it has is exploration licences in dodgy Argentina

Dead man walking

dyor




And the week before that



buywell2 26 May'13 - 10:27 - 4556 of 4572 0 0 edit

If you read the Bezant website for the 3 projects

The only one that specifically mentions the type of licence Bezant has is in Argentina where they hold 11 EXPLORATION licences but still have spent money buying out another company ... presumably so that BZT can do the entire spending as and when they decide .

Bezant do not say they have got a licence to MINE

So in effect all they have is a licence to spend money to try to find something ... presumably for the Government of Argentina.



Re the Tanzania project this has effectively been mothballed , no money to be spent any more .... so Bezant deem it a dead duck but don't say so.



Re the Phillipine project

This is the only thing that might have any worth in my opinion BUT

The worrying thing .... is that on the Bezant website they do NOT make any claim as to what sort of licence/s they have ?

I find this very odd as they do for the other projects.




So having returned CASH to shareholders what does the company intend to do now

Directors wages and families have to be fed ..... so cash is needed , but losses are being made ... yet the company gives it back to the shareholders , why ?


Don't they think CASH is important going forwards ?


From the interims

Financial :

For the six month period ended 31 December 2011, the Company made a loss after tax of £1,128,000 (31 December 2010: loss of £976,000; 30 June 2011: loss of £1,550,000). This loss reflects the expenditure on our ongoing exploration activities and the full accelerated acquisition of the Eureka Project in Argentina. It does not reflect the £3,610,000 non-refundable option payment received from Gold Fields, net of costs associated with the negotiation and finalisation of the Option Agreement with Gold Fields, as under accounting rules this amount is required to be capitalised on the balance sheet until the option is exercised or lapses.








3 June 2013

Bezant Resources Plc


Termination of Mkurumu Joint Venture Project, Tanzania

Bezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines and Argentina, announces that it has received notification from AngloGold Ashanti Limited ("AngloGold Ashanti") that further to a recent peer review of their various projects they have terminated the Mafulira Project, situated in the Kilindi District, Tanga Region, Tanzania, with the Mafulira Village Mining Company. Detailed analysis concluded that the Mafulira Project, which includes the Mkurumu Project, was not economically viable.

As previously reported, the board of directors of Bezant fully impaired all of the exploration costs incurred in respect of the Company's Tanzanian projects in the Company's 2010 financial year. In March 2012, the Company announced that it had terminated the pre-existing joint venture arrangements with Ashanti Exploration (Tanzania) Limited ("AETL") in respect of the Mkurumu Project and negotiated a new agreement whereby Anglo Tanzania Gold Limited ("ATGL"), the Company's subsidiary,holds a reduced free carried interest of 5 per cent. along with a Net Smelter Return Royalty of 2 per cent. of any potential future Net Smelter Return due to AETL. Accordingly, such new agreement has now been terminated further to the abovementioned notification from AngloGold Ashanti.





dyor

[blondeamon] 27/6/2013 15:46

Massacre!

With volumes of 6000 pounds only lol!!

[tiger60] 27/6/2013 10:09

Directors absolutely got this wrong. Awarded themselves shares (tiny portion bought with own funds) gave goldfields two options (via extension) and missed the commodity boom. disgrace pay back the bonus.

[blondeamon] 26/6/2013 16:06

What happened today?

[buywell2] 10/6/2013 09:00

China Crisis ..... were a good band but this is not good news for any mining company


''Europe's financial markets are beginning the week moderately lower in the wake of figures suggesting another quarter of sluggish economic growth in China.

"As things stand, Europe's markets look set to take their early cues and open slightly lower on the back of weaker-than-expected Chinese economic data at the weekend, which is likely to reignite concerns about a much more pronounced slowdown in the previously robust Chinese economy," said Michael Hewson, senior market analyst at CMC Markets, in a research note.



Chart not so pretty now is it

[david77] 05/6/2013 10:23

"40,000 x 8p = £3200 in the bank in cash from dividend"

40,000 x 8p = £3200 in the bank in cash from return of capital

Dividend subject to income tax, return of capital lowers purchase price which may lead to CGT in due course.

[buywell2] 05/6/2013 09:43

Tell us when you have sold blondeamon

Then we can do your sums

[tbg123] 05/6/2013 09:36

blondeamon if you bought at 25p you are about 12% up in total. not 48%.


example.

say you bought

£10,000 worth @ 25p = 40,000 shares in bzt

40,000 x 8p = £3200 in the bank in cash from dividend

40,000 shares at 20p a share ( todays price after dividend) = £8000

£8000 + £3200 = £11,200 or 12% up on you £10,000 investment.

how you got to 48% is beyond me. basic maths seems to have escaped you.

[david77] 05/6/2013 08:16

It was a return of capital so not subject to tax. It effectively reduces the buy price by 8p.

[daytraders] 04/6/2013 21:44

Ah i thought you was on about that he tipped again after yesterdays rns, and useing that price, and fyi i was unlucky to buy at 52p on last fund raising :( then sold at 26.25 before divi.

Did all you guys that got the divi, get actually 8p, or less divi tax ?