Bezant Resources Share Discussion Threads

[the stigologist] 05/5/2021 21:32

Copper's supply crunch will drive prices to $13,000 or even $20K - Bank of America

WOW ! at $13,000/t or $20,000/t BZT Mankayan resource in-situ value would be $60-90 Billion ! NPV would be $5bn+

[1airbag] 05/5/2021 16:20

You have your golden cross in Oct 2020 and re-test at around 0.2p. What is not to like?
Price just risen above 50 period MA on monthly chart.

[the stigologist] 05/5/2021 15:48

Strong finishes last two days

Candles looking good

Lot of news due on multiple projects

[sincero1] 05/5/2021 15:34

i've derisked today, as is my usual strategy share dealing , now will enjoy the ride from here. glad to be holding .

[devonlad] 05/5/2021 15:30

Rising copper prices, which hit a ten-year high ofmore than $10,000 last week, could add half atrillion dollars to the costs of reaching climategoals in the next two decades, Birol added.
Yet investors are not investing enough in newmines. It takes on average more than 16 years fora mining project to go from discovery to firstproduction, meaning investment is needed now,the IEA wrote.
“Investors are still not convinced that thegovernments are serious [about] reaching theirclimate goals,” Birol said. “There is not strongenough and clear enough signals given bypolicymakers about the speed and determination of the energy transition.”

220m volume today, a lot further to go imho!

[jlondon] 05/5/2021 14:19

------"Australian firms welcome lifting of Philippines ban on mining."
-Manila Standard Net, 5 May 2021.

"Philippines, 5th most mineralised country in the world, 3rd largest for gold,4th for copper...Uptapped mineral valued at $1.32 Trillion. 291 pending mining applications.

WORLD MINERS FLOCKED TO PHILIPPINES IN THE PAST because of its huge untapped potential. AUSTRALIAN co*s welcomed the RE-OPENING of the Philippines MINING SECTOR, saying it will auger well for economic growth."



--------
devonlad
Agree with you. We now await further updates from BZT relating to MMIH. MMIH deal has lapsed due to the NON-RTO of AsiaPhos. AsiaPhos issued an announcement to the Singapore Stock Exchange on 7 Apr 2021. BZT issued an RSN on 8 Apr 2021. Given that MMIH is a asset management co under Financial Services it would be prudent for them to return Mankayan [80%] as fast as possible for obvious reasons.

Then, BZT has to deal with the procedures of renewing the licence due on 11 Nov 2021.

Things are now moving given the article as above relating to Australian co*s etc and the lifting of the Philippines mining ban.

[the stigologist] 05/5/2021 12:51

BZT Mkt Cap £15m

Mankayan NPV at $10,000/tonne Copper = $1000-3000m

Mankayan In-Situ Resource Value at $10,000/tonne = $50 Billion

At $20,000/t ...

[mr roper] 05/5/2021 11:52

Hoping that was 0.27p ;0)

[lfc4ever] 05/5/2021 11:10

i bought £10k for the ISA on 26 April at 27p.
I wish all investments worked liks this one!

[devonlad] 05/5/2021 09:11

jlondon, I would have thought that they would put it up for sale now. There is an obvious buyer or two and they could use the money to progress the other projects, just a thought but it could propell everything else to be developed significantly fast or pay a special dividend.

[jlondon] 05/5/2021 08:42

-------------MANKAYAN LICENCE RENEWAL 11 NOV 2021-----------

The above 25 yr LICENCE for Mankayan is to be renewed @11.11.21 per the info from "Bezant Resources Mankayan" [ type this into the search engine to check].

In so far as the licence is concerned, there are PROCEDURES AS NORM.

MMIH was supposed to have carried out X & Y per BZT Resources Mankayan under the terms of the JV.

What other obligations there are for the licence to be renewed, one has to check further with Bezant Resources as one cannot assume?

There is a shareholder group on the London South East who meets or rather talks [?] to Colin Bird, Executive Chairman, Bezant Resources and they have a meeting coming up. They can ask about the above as it is NOT PRICE SENSITIVE INFO but general info. I am NOT part of that group.

That covers everything for the moment and one awaits a FURTHER UPDATE ON MANKAYAN FROM BZT AS TO WHAT STRATEGY THEY WILL UNDERTAKE WITH MANKAYAN.

Wed, 5 May 2021
DYOR
On any topic, it is advisable to reach out to BZT to check.

[avsome1968] 05/5/2021 07:19

Buys going through as sells.

[jlondon] 05/5/2021 07:09

-Sorry, the post came out twice re: above--

[jlondon] 05/5/2021 07:09

--------------"MINING & MINERALS INDUSTRIES HOLDING PTE LTD------------
Source: Bloomberg


"Listed business: ASSET MANAGEMENT."
"Under: Financial Services."
"Customers : Singapore. Holding securities other than banks."

The above is for MMIH, former JV partners for Mankayan.
So, what Laurence Read, former CEO of BZT said was correct.

Observation:
So, it would appear that given MMIH is listed under financial services holding securities other than banks, they have a LICENCE as norm and obligations under the regulatory body as is common and norm in a Western jurisdiction? Just for discussion and further comment from BZT via an UPDATE as norm?

To check, put the above title into the search engine.

Wed, 5 May 2021.

[jlondon] 05/5/2021 07:09

--------------"MINING & MINERALS INDUSTRIES HOLDING PTE LTD------------
Source: Bloomberg


"Listed business: ASSET MANAGEMENT."
"Under: Financial Services."
"Customers : Singapore. Holding securities other than banks."

The above is for MMIH, former JV partners for Mankayan.
So, what Laurence Read, former CEO of BZT said was correct.

Observation:
So, it would appear that given MMIH is listed under financial services holding securities other than banks, they have a LICENCE as norm and obligations under the regulatory body as is common and norm in a Western jurisdiction? Just for discussion and further comment from BZT via an UPDATE as norm?

To check, put the above title into the search engine.

Wed, 5 May 2021.

[jlondon] 04/5/2021 21:34

-----------Gerry Nealon, Executive Chairman of BZT------

From the Annual Report year ended 30 June 2015:

"In summary, Mankayan is a MASSIVE COPPER porphyry project capable of sustaining a SIGNIFICANT, ECONOMIC, LONG TERM PRODUCTION. It represents in essence a cornerstone asset for any entity wishing to gain expose to a

------------------TIER 1 GLOBAL COPPER GOLD RESOURCE."---------

Observation:
At the current share price of 0.37pence, MKT CAP OF £14M, there is NO
company on the London Stock Exchange currently that has a MKT CAP OF £14M
with a T I E R 1 COPPER GOLD RESOURCE WITH A JORC [2004 updated to 2012].


I have looked around. The resource [MMIH 2012 JORC] at Mankayan
is now 9.7 MOZ GOLD, 2.8 MT COPPER & 20 MOZ SILVER.

The situation present in the past in the Philippines has been LIFTED when the mining ban was lifted on 15 Apr 2021.

The copper price is now US$9,948.85 today - Laurence Read, CEO of BZT said that the fiscal regime in the Philippines in 2019 and the copper price then was the reason why Mankayan was sold to MMIH. This situ has now changed.

Value in situ has gone from $12.57bn [Edison] to now around the <$50bn mark approx [illustration]
with gold today at US$1,778.90 and silver US$26.50. This is due to the JORC resource increasing and the prices of metals having risen.

Illustration: Tues, 4 May 2021
9,7x1,778/oz=US$17,24b gold
2.8x 9948/t=US$27.85b. copper
20 x 26.5/oz= US$5.3b silver
Total: US$50.39bn
1/2% or 0.5% x 50.39= US$251.95m
or £182.5 million [if exchange rate is 1.38 to £1]

or for illustration translates to 4.81p
[£182.5 divided by 14 cap=13 x 0.37p]

BENCHMARK
GoldField offered US$70m for $12.57b [Edison]
= 0.55% or 1/2% approx.

Will re-check the above tomorrow if time allows. DYOR

Tues, 4 May 2021.

[the macallan] 04/5/2021 21:28

Any dilution since 10p?

[the stigologist] 04/5/2021 16:48

Some serious volume build up

Note we are approaching the 6 month high watermark/resistance which sparked a load of warrant conversion and the subsequent drift down but this time all the warrants are ut of the way and we should have more than £1m cash to fund various exploration activities on which newsflow imminent

However the big option value here is simply selling Mankayan which we have done before at $70m (0.55% of then in-situ resource value) at the tail end of last commodity cycle. I would imagine after ten years of resource depletion and going into a Green Battery Metals supercycle anyone could conduct an auction which betters that ! Let alone wily old Colin Bird who sold Kiwara for $260m

The maths do suggest potential for a sale at anything from $260-520m now (0.55% - 1.13% of current in situ resource) so a Market Cap of £13m is simply ludicrous

[devonlad] 04/5/2021 15:54

nearly 200m volume across both markets, assuming that is above normal?

[affc21] 04/5/2021 14:56

19,937,500 @ 0.343p = GBP68,000
shows confidence, if a buy

Yes Devonlad, just noticed the 11m trade at similar price
That's a GBP40,000 trade and surely a buy.

[devonlad] 04/5/2021 14:49

another 11m buy at 0.3427