Bezant Resources Share Discussion Threads

[sparty1] 16/11/2022 13:00

Time to go to the vets...decades of nothing./.earnings /a living/ but nothing for shareholders..

[zxie] 24/10/2022 08:39

INSP shares jump next

[apfindley] 18/10/2022 15:03

Makes you wonder if it was all just an attempt to pump the price, which failed, so they've 'cancelled' the jv.Seen that sort of thing many times, but often companies don't disclose the other party so nobodys the wiser if its true or just a pump.This one is probably genuine though.

[21ant] 18/10/2022 12:45

18 October 2022

Caerus Mineral Resources PLC

('Caerus' or the 'Company')

Cyprus Joint Venture Termination



Caerus Mineral Resources PLC (LON:CMRS), the exploration and resource development company focused on developing mineral resources to support the global 'Clean Energy' initiative, would like to announce its intention to terminate the Bezant Resources Plc ("Bezant") and Caerus joint venture covering Troulli, Kokkinopetra and Anglesides ("Troulli JV").

As stated in its interim results dated 30 September 2022, the Company made a credit loss of £303k in the first half of 2022 due to Bezant not having contributed its proportion of Troulli JV funding. By now Caerus should have received at least US$500k from Bezant.

After conversations with Bezant this morning, it was mutually agreed to terminate the Troulli JV.

Chris Lambert, Chairman of Caerus Mineral Resources, said:

"It is with regret that we have mutually agreed to terminate the JV agreement. Whilst this may seem to be a set-back, I see the JV termination as a positive development for Caerus shareholders as it enables us to reclaim 100% of Troulli and the other projects in the joint venture. The JV agreement was poorly negotiated by the previous board and was certainly detrimental to the Company's interests. To give away 80% of the Troulli project, whilst having to contribute 50% of the initial US$1m work programme funding, was not a fair commercial transaction.

The JV agreement also allowed Bezant to put any new Cyprus project acquired or pegged by Caerus into the JV, thereby gaining a potential 80% interest. This clause left the Company with no incentive to expand its footprint in Cyprus. In addition, the terms of the processing contract between Caerus and Jubilee Metals Group were once again heavily biased towards Jubilee, and detrimental to any potential early cash flow to Caerus.

As indicated in the interim results, the board will continue to implement more robust corporate governance structures to ensure historic governance breaches cannot be repeated, and the Company operates to best practice standards with all its stakeholders.

Caerus is focused on developing the significant opportunities that can be generated through its relationship with EVM group. It will update the market later in 2022 with an overview of this strategy."

[zxie] 17/10/2022 08:56

0.03p soon

[sparty1] 14/10/2022 13:53

Triumph still grinding out the old rubbish.. Face it! As with many companies ...gains are made but not by shareholders long term. Faces in the trough. money for old rope.

[zxie] 03/10/2022 13:31

Cheap prices

[sparty1] 23/8/2022 09:19

"I will be more interested when they will take 20M off you at 0.49!!! lol, lers hope no one else needs funds to restore a classic car!! As Assword say's, this time next year you will be able to buy a new one!"

Mr T

Mr triumph on lse ...year after year the same old stuff....penny will drop eventually.

[zxie] 09/8/2022 07:56

The Scoping Study indicated that the potential for the development of a surface and underground copper mine exists at the Hope and Gorob deposits and recommended completion of the additional work required for optimisation of mine development plans including the work necessary to obtain granting of environmental permits

[allenquatermain] 02/8/2022 18:23

Zxie uses aliases mr woodman and moor sir ✔️

Zxie uses his aliases to recommend his own posts ✔️

Zxie is a scammer that pretends he can’t speak properly ✔️

Zxie is a troll that thinks he’s funny filling your board up with useless rubbish ✔️

Zxie is a multialias conman troll ✔️ ✔️ ✔️ ✔️

[gowski] 02/8/2022 14:17

What was you saying pap ;p

[zxie] 02/8/2022 12:42

Back 0.05p soon

[gowski] 02/8/2022 11:49

Look at the buys on drop.. Be back where we were shortly

[gowski] 02/8/2022 11:47

Yeah, for now imho

[papillon] 02/8/2022 11:22

Ouch, Gowski. You got it wrong!

[gowski] 26/7/2022 17:08

Good the price held with those big selks at end. Bodes well imo

[dillydally2] 19/7/2022 11:21

Pump n dump

[gowski] 14/7/2022 12:38

Yeah, more like a fart brewing now

[papillon] 14/7/2022 11:32

Tea, or coffee, Gowski?

[gowski] 14/7/2022 08:29

Something brewing?