Bezant Resources Share Discussion Threads

[king suarez] 15/4/2019 11:25

Couple of grand sold..

[akmal101] 15/4/2019 09:23

Dropped with no volume??

[sparty1] 13/4/2019 09:22

Make sure you arrange to vote on an egm if it is necessary.The bod 's contention that richard has no mining experience is ludicrous.

[fireplace22] 11/4/2019 09:53

Posted on lse thanks to jextie:

hxxps://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1356867/bezant-buzz-builds-around-big-projects

'The pair are leading a revival of the Mankayan project, which is one of the world's best undeveloped porphyry copper-gold deposits. A new economic study by Mining Plus has given a significant boost to the project and is adding to momentum following a turnaround in sentiment towards mining in the Philippines.'

[russman] 11/4/2019 09:43

BZT is just too small now; a shell.

[fireplace22] 11/4/2019 07:13

The proposal from the BAG to have one of their members seconded to the board has been rejected by the management. BAG are now requesting the company to call an EGM and set a motion to elect a BAG member to the board.

[akmal101] 10/4/2019 11:52

The management at bzt is absolutely terrible i hope this company gets delisted idc if im still holding rn

[the manini] 04/4/2019 17:25

These company bosses often seem to forget the fact that they're running public companies owned by shareholders! Stiff opposition when all we're trying to do is look after our own investments and make sure what happened at EUZ doesn't happen here!

[fireplace22] 04/4/2019 17:11

KS, I think the aim of the discussions is to achieve an share price rerate prior to a cash raise but the BAG also want to ensure any placing is available to all shareholders. To this end they are attempting to get a representative on the board but are meeting stiff opposition, if that continues they will call an egm, they currently speak for 18% of the shares.

[king suarez] 04/4/2019 16:46

Let's hope discussions come to something before we are all diluted to oblivion....

[fireplace22] 04/4/2019 13:21

Laurence Read in the Philippines last weekend to discuss the possibility of a JV or outright sale of the Mankayan asset. Talks were to be of an exploratory nature only. One of the parties was a counter cyclical mining company who would take on a JV at reduced price reflecting that there may be problems (wrt to Thailand)in its development. Exploratory discussions also underway on the Eureka asset with interested parties on the TSX and in Argentina.

[fireplace22] 02/4/2019 16:38

This (below) was posted on lse, you may get a gist of what the BAG is trying to achieve - possibly put in place a method whereby all s'holders can participate in any fundraising to avoid massive dilution of our holdings and to nominate a board member to give holders a voice.


Charles your point is sound- of coursed any company regardless of potential has to have the funds to carry the project to conclusion, however there are 80 PIs who, if the details were made plain and genuine reasons given as to the use to which placing proceeds were earmarked and if included in the offer, would not only support but even take up a lot of the placing if given the opportunity- a bid for the whole caboodle has been mooted at these prices. I doubt they would support the placing if they suspected that it would be taken up by CB or one of his many associated companies.Hemo on the Board exploring these possibilities for all shareholders not just the 18% controlled by BAG members nor the Directors/associated companies would go a long way to addressing investor concerns and make any placing more likely to succeed. I find it staggering that the Board of Bezant wish to delay this happening( it breeds suspicion as to what the 3 months are to be used for) and would urge them to bow to the inevitable and co opt Hemo immediately with it to be confirmed at the AGM.

[akmal101] 02/4/2019 16:08

https://uk.finance.yahoo.com/quote/BZT.L?p=BZT.L

[the manini] 02/4/2019 16:04

Based on chart technicals or fundamentals?

[akmal101] 02/4/2019 12:19

Yahoo finance

[sleveen] 01/4/2019 07:41

"5 year lead time to production: Under all four of the representative options selected for further analysis in the study, the time to initial production was approximately five years and the first five years of production was sequenced in order to deliver production from the higher grade areas of the deposit..."


Will a placing or 3 be needed in those 5 years anyone?

[the manini] 31/3/2019 20:44

The last option they were looking at cost considerably less than $900 m

[king suarez] 31/3/2019 18:29

No-one. It will either be a JV or outright sale, obviously. This is an explorer, not a development company.

[sleveen] 31/3/2019 18:27

Who on Earth is going to lend $900m to a company valued at less than £1m?

Especially when the project NPV is not much more than the loan?

[king suarez] 31/3/2019 12:18

Good question. Not much by the looks of 'progress' here, sadly...

[highly geared] 31/3/2019 11:37

If Bezants best Asset wasn’t capable of developing during the last commodities boom , what’s changed since then....?

[king suarez] 31/3/2019 11:30

I suppose I might, begrudgingly, accept a x 40 rise in share price by year end... /s

[the manini] 30/3/2019 22:53

How do you come about that estimate?

[akmal101] 30/3/2019 17:45

1year target estimate 4p