Bezant Resources Share Discussion Threads

[texaschaser] 01/12/2024 11:09

It's garbage this.

[texaschaser] 07/11/2024 14:42

Personally my expectations here are confirmed: no production by BZT and their contractors for at least 12 month (read 5 years).

From what I can understand no new date for potential production is given. That's probably a good thing because we all know the chances of it being met are zero.

[texaschaser] 30/10/2024 08:28

Where is the $. No details. No Hope. Gullible fools. Same old.

[sincero1] 29/10/2024 11:06

hmmm, what does helen know ...

texaschaser .. you were saying ? ..ouch .. seek mental health support you bellend ..

[texaschaser] 25/10/2024 15:46

Salvage what you can before the dump comes.

[texaschaser] 19/10/2024 09:43

Birdy is more likely to find a living Dodo than have a success for shareholders

[sincero1] 16/10/2024 06:55

more good news..premium placing was the clue wasn't it....

[irish boy] 16/10/2024 06:30

The best news ever this morning. Mining Licence now in place. I suspect CB is working on the same plan for African Pioneer and Galileo. Best things come in 'threes'.

Watch this space for a lot further information.

It won't stay ay 0.03 for very long

[sincero1] 02/10/2024 15:39

premium placing...hmmm very rare...very positive..

[tomboyb] 02/10/2024 14:37

Placing at 0.035p per share big premium -

[tomboyb] 02/10/2024 14:36

2 October 2024



Bezant Resources Plc

("Bezant" or the "Company")

£250K Fundraising

Issue of equity to consultant in lieu of fees

Total Voting Rights



Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce a share subscription of £250,000 from Kamino Minerals Limited, a company incorporated in England and Wales ("Kamino Minerals").



In addition, as detailed below the Company will be issuing new Ordinary Shares to a consultant to settle accrued fees due to them.



Fundraising: The Company has raised £250,000 (gross) by way of a share subscription from Kamino Minerals (the "Fundraising") at 0.035 pence per Ordinary Share (the "Fundraising Price") for the issue of 714,285,714 new Ordinary Shares (the "Fundraising Shares") conditional upon admission of the Fundraising Shares to trading on AIM ("Admission"). Pursuant to the Fundraising, in aggregate, 714,285,714 Fundraising Shares will be issued at the Fundraising Price which represents a premium of 59 per cent. to the closing middle market price of an Ordinary Share of 0.022 pence on 1 October 2024, being the latest practicable date prior to this announcement.



Use of Proceeds: The proceeds from the Fundraising are planned to be used:



i) on the Hope Copper-Gold project in Namibia where we await the issue of a mining licence, to support finalisation of technical optimisation work and ongoing negotiations re pre-development contracts, financing offers and the acquisition of existing infrastructure expected to significantly reduce upfront capital expenditure and reduce lead time to production at the Hope & Gorob project.



ii) and also to support other group projects and on corporate overheads and to provide working capital for the Group.



Consultant Shares: The Company is issuing 50,632,911 new Ordinary Shares of 0.002p each (the "Consultancy Fee Shares") at the VWAP of the Bezant share price of 0.0237 pence per Ordinary Share for the 6 months ended 9th September 2024 to settle consultancy fees of £12,000 accrued during this period.



Further Details of the Fundraising: Kamino Minerals will also receive 500,000,000 warrants exercisable at 0.05 pence per ordinary share exercisable on or before 31 January 2025 ("Fundraising Warrants"). The Fundraising Shares represent approximately 5.81 per cent. of the Company's enlarged issued share capital as enlarged by the issue of the Fundraising Shares and the Consultancy Fee Shares.



The Fundraising Shares and the Consultancy Fee Shares will be fully paid and rank pari passu in all respects with the Company's existing Ordinary Shares.



Application to trading on AIM: The Fundraising is conditional on Admission. Application will be made to the London Stock Exchange for the 714,285,714 Fundraising Shares, and 50,632,911 Consultant Shares (the "New Shares") to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 21 October 2024.



Total Voting Rights after Fundraising: Following the issue of the New Shares the Company's total issued share capital will consist of 12,304,059,682 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.



On Admission, the abovementioned figure of 12,304,059,682 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Bezant under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.



For further information, please contact:

[rmc2407] 28/9/2024 10:46

You were saying?

[sincero1] 28/8/2024 06:33

more good news...this is only going one way ...up..

[thiopia] 19/8/2024 13:44

Could somebody explain basic economics of Hope/Gorob to me please ?

Mainly targeting open pit copper but with a small Gold credit as well ? Could the gold be more significant now in $2000/oz environment ?

Are there any NPV / DCF analyses on Hope/Gorob ?

[EDIT - so as not to be a lazy freeloader I tried doing some of my own research. Couldn't find NPV etc but apparently they have under Indicated and Inferred Resource

192k T copper ?
100,000 oz gold ?
which i work out as something around $2bn in contained copper/gold so ok for a small starter operation allowing some investigation of the wider local area in medium term.

[sincero1] 19/8/2024 11:31

cb with more skin in the game....what is not to like ...only going north from here ...

[aberloon2] 19/8/2024 11:14

Bezant (AIM: BZT), the copper-gold exploration and development company, has been notified that its Executive Chairman Colin Bird on 16 August 2024 purchased in aggregate 45,000,000 ordinary shares of par value 0.002 pence each in the Company ("Shares") at an average price of 0.02797 pence per Share ("Share Purchase"). As a result of the Share Purchase Colin Bird now has an interest in 615,000,655 Shares representing 5.33% of the Company's Shares.

[rolo7] 12/8/2024 20:41

its was a replacement rns from december directors canr count how many shares they have.

[digger2779] 08/8/2024 16:28

rolo78 Aug '24 - 16:33 - 1623 of 1623 - I was thinking that too but he has so many plates spinning at once he must have overlooked that fact. Doing a grand job at RRR which also needs a bit of cash.

[rolo7] 08/8/2024 15:33

How can a director by one day before a placing and having insider knowledge of that placing?!

[irish boy] 06/8/2024 16:29

I will say this just once. Keep a very close eye here and loyalty from the past will be reimbursed and rewarded big time. Not long to go.

Texaschaser really will look a prat but not for the first time😇.

[sincero1] 06/8/2024 13:54

texaschaser...another humiliating post...the only thing you might be able to salvage bellend is some self respect if you don't post here anymore..ouch

another director buy..nice..skin in the game...always good to see..

[texaschaser] 26/7/2024 14:55

I called it. You will thank me later. Salvage what you can.