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0.144 to buy just 5,000. I can't get a quote
0.17 to buy £30k
This morning I got an early doors quote for £50k at 14.25 I didn't take it, boy do I regret that right now.
hey all, just dropped in whislt I am sat around.
lol yes sorry I have been working lots in tonnes of coal and steel recently. Yes $5 lb problem doing a write up after a few beers in the evening isn't it :)
DV Harrison, the placing shares are not worth risking for just a small 5% - 10% investment. They will offload slower at higher price than this. .13 and .14 is a super strong solid base imho.
I may have bought a few more today InsertWitty :)
over 66mill shares moved by 10am - IK, are you sure you're not pushing towards 2.99%?
still deep in the red, but too stubborn to trade at a loss (comfortable with PF holding and paper losses, and don't have the immediate need for the cash so will hold, hold, hold).
"copper is going strong and heading to $5 per tonne"
I hope you are wrong IK - $5 per lb would suit me far better - LOL!
HAGW
Looks like we are chomping our way through the placing shares. News from Mankayan (or elsewhere!) would certainly help in the moving the share price back up to 0.2p again+
Morning News,
Thanks for that, so not long to wait and hopefully an RNS is forthcoming next week confirming the renewal. I cant think of any reasons it should not be!
Mr T
BZT Mankayan Licence Renewal date: 11 Nov 2021 from recall?
28.10.21
Cheers insiderknowledge appreciate hearing your perspective. Good weekend - hang on a min - it's bloody Friday tmrw and I'm working... ho hum
Exactly Mr T as you will see from my last message I have actually still valued the company at 5x without these other news flows based on historic low valuations of Mank and we didn't have as much cash as we do now.
Just a buy, buy buy and wait game now.
Exactly Andmillsy. £5 mil market cap with 1.6m in cash (admittedly some is already ear marked for the JV) we also have 6 months +/- to a listing. I believe we will see a 5x increase in market cap this year with everything going on now so buying in post placing and post AGM and PRE news flow makes perfect sense to me.
Recent news
https://www.proactiveinvestors.co.uk/companies/news/960110/bezant-takes-major-step-forward-in-unlocking-the-value-of-mankayan-960110.html
Value of Mank and its impact on BZT historically is worth 500% the current market cap.
https://www.proactiveinvestors.co.uk/companies/news/28434/bezant-resources-agrees-to-sell-stake-in-mankayan-copper-gold-project-33982.html
Just to put that simply BZT has cash, AGM passed, no immediate sign of further dilution, Mank is FINALLY looking like it might be a go and can finally be added into our assets and we have a high cash to mcap ratio than we have seen for a long time as well as other ventures.
I believe there will be a steady climb back up as news builds.
I set the current limits at 0.7p based simply on historic valuations ignoring that copper is going strong and heading to $5 per tonne further adding at least 30% to the historic valuation simply due to the fact it was valued (I believe from memory) at +/- $3.20 per tonne.
0.7p is simply a function of the current market cap * 5 when Mank comes online based on the $3.20 valuation of copper and gold and ignores other projects and assets and current cash in bank.
Basically that is discounting Zambia, Hope, Caerus ventures, Botswana etc etc etc that is going on.
I hope that makes sense, when you wrap them all up into a bundle the current market cap doesn't make any sense and BZT has been significantly derisked. Personal opinion mind you. Also I believe not only our copper but gold is going to increase in value as an inflation hedge. Assets are going through the roof as BZT dropped the market will again wake up to what is going on as news comes in.
I'll catch up next Friday, have a good week all.
IK
Thanks for your thoughts very interesting. Panamera, not me I'm afraid, I do remember the chat though.
Could be an interesting few months here, hopefully the Mankayan licence can be renewed and the ASX listing can proceed. That in my opinion will see us back to .30 to .40, from memory November is the month the licence should be renewed and extended.
Then we have drilling at Hope commencing in November and hopefully we may get some news on progress in Cyprus.
So a good time to be buying those huge chunks, as I know you know!!!!
Mr T
May I ask what was the trigger to jump in now?
Gut, fundamentals, chart.
Recent fundraise and Cyprus JV are the only real new elements imo. I've taken a few more recently but not wearing your xxxxl pants.
All the best
Was it yourself who bought the Panamera? I forget.
Sorry for teasing everyone yesterday with the 0.9p question. I was wondering how hostile / not people would respond to the proposal of it. I didn't obviously believe that was a reasonable price.
Given cash of 400k and the recent fund raising and the rate of burn we go through it I believe we are fully funded for over a year hence my purchases. The recent JVs are interesting and the listing / sale should also raise significantly the share value here. It doesn't take much money at all, heck what did I buy almost £100k today at what is probably the lowest realistic price for a long time. Limited downside from here and significant upside.
It is worth remembering that BZT does have assets which are in demand and that copper is in demand as are all other resources but with COP20 the globes focus is going to be on copper and getting ownership of it as cheap as possible. ?
I listed every purchase I made today Mr T. I can tell you I had competition as the ask shot up as I got my quotes a couple of times as someone else was also buying . I will probably buy now in the back ground slowly and get close to the 3% over the coming months.
As for exit price, we have seen before how fast BZT moves. .4p before in no time. Based upon what I expect the news flow to be over the next 6 to 9 months both here and the global economy scrambling for resources .... well you get why I bought again, I won't say my price but I set my limit sell at .7p another at 1p based on previous charts and will rebalance it as news comes.
If you remember what assets BZT has vs others such as GGP we are due a huge rerating.
Have a good evening everyone. I will be offline until next Friday as I have business to take care of.
ATB everyone.
IK
Was that you 5 and 10 mill ?
How is the McLaren by the way?
I assume you have set up your escape route?
Do you have a target in mind?
Good luck
Mr T
I was just promoting conversation MFM :)
No new threads from me now :)
Is it the number of new threads you're starting?
wonder how many that is