Member Info for Batterseafish

What about RNS showing major holder reducing? Would have been wise to emulate. Co is tiny so anything is possible both positive and negative.

Now a good time to buy?

Some good news is that about 27 % of revenue is from providing servicing to machinery and this may constitute a higher % of profit but perhaps all will become clear following the presentation.

A question for the Agm:

What is the succession plan for the company.

Gap at 4.2 needs to be filled. See it on the three month candle chart.

Probably best to await a pull back or buy small amount to pacify fomo.

Here is perplexity take:

Company Updates: There are no recent significant announcements or news releases from Agronomics that would explain a sudden share price increase.

Without more recent information, it appears that Agronomics shares are not currently experiencing a notable upward movement driven by new news or developments.

It's worth noting that other major mining projects in the Philippines are progressing:

The Silangan mine project in Surigao del Norte is expected to begin commercial mining operations in 202515.

The Tampakan Mine, considered one of the largest copper-gold mines in the world, is in the early access development stage and is expected to begin operations in about three years

Above perplexity on other mining projects in Philippines

Previous message sourced from Perplexity. Other RNS re 3% perplexity not sure but search yourselves in interested. IMHO it's significant that significant accumulation is taking place. And why would we want Colin to liquidate or distribute Makayan holding now? If this gets developed.......which could happen given gold bull would be worth multiples of present market cap IMHO

Jonathan Mark Swann currently serves as a Director and Chief Development Officer at CFC Underwriting Ltd, an insurance underwriting services company1.

He has a background in finance and has made several investments in public companies across various sectors1. His known holdings include:

Genflow Biosciences PLC (6.01%)

Technology Minerals PLC (11.55%)

African Pioneer PLC (7.01%)

Tern PLC (1.84%)

Conroy Gold & Natural Resources PLC (4.75%)

While some of these investments are in companies that may have connections to the mining or resources sector (e.g., African Pioneer PLC and Conroy Gold & Natural Resources PLC), Swann's primary professional experience appears to be in the insurance and finance industries1.

Swann has been described as having a background in stock market and private equity analysis2.

All in anticipation of March demerger so not long to wait. Only one of the 'bargain' tips not up.

Perhaps Zambian energy shortage put a break on Zambian mine development. No such problems in Namibia.

Directors sales told you to sell

Directors sales a couple of months ago signalled price drop of today IMHO.

So the thing is not to risk too much here. Like a 50:1 on the Derby.

I've been here for years but he's been buying shares recently and Namibia keen for investment. See how their offshore gas has recently rocketed in value.

Sure it's a long shot. I wouldn't describe myself as a ramper.

However this is what Perplaxity says about the time line:

When will the mine be established

Sources

Answer

Bezant Resources aims to establish the Hope and Gorob copper-gold mine in Namibia by August 2025. The company has outlined a four-phase plan for project completion, with both processing plants scheduled to commence operations in September 2025. This project will involve the development of an open-pit and underground mine, along with an onsite processing facility located at the Hope Prospect, approximately 120 kilometers east of Walvis Bay12.

The time line is soon lol.

Bezant Resources is poised to generate significant profit from its Hope and Gorob copper-gold project in Namibia, based on the latest mineral resource estimates. Here are the key details:

Mineral Resource Summary

Total Estimated Resource: 15 million tonnes

Copper Grade: 1.2% Cu

Estimated Copper Content: Approximately 190,000 tonnes of copper

Gold Grade: Estimated at 0.4 g/t Au (not fully included for all prospects) 246.

Profit Potential

The profitability of the project can be assessed by considering the current market prices for copper and gold, along with the estimated recoveries and costs associated with mining.

Current Metal Prices (as of October 2023)

Copper Price: Approximately $4.00 per pound (around $8,800 per tonne)

Gold Price: Approximately $1,800 per ounce (around $57,500 per tonne) 12.

Revenue Calculation

Copper Revenue:

Estimated copper revenue =

190

,

000

tonnes

×

8

,

800

USD tonne

=

1

,

672

,

000

,

000

USD

190,000 tonnes×8,800 USD tonne=1,672,000,000 USD.

Gold Revenue (assuming a conservative estimate of 0.4 g/t over the entire resource):

Total gold content =

15

,

000

,

000

tonnes

×

0.4

g t

=

6

,

000

kg

=

6

,

000

,

000

grams

15,000,000 tonnes×0.4 g t=6,000 kg=6,000,000 grams.

Estimated gold revenue =

6

,

000

,

000

grams

×

57.5

USD gram

=

345

,

000

,

000

USD

6,000,000 grams×57.5 USD gram=345,000,000 USD.

Total Estimated Revenue:

Total revenue from both metals = Copper revenue + Gold revenue

Total estimated revenue =

1

,

672

,

000

,

000

+

345

,

000

,

000

=

2

,

017

,

000

,

000

USD

1,672,000,000+345,000,000=2,017,000,000 USD.

Cost Considerations

Bezant's operational costs include mining and processing costs estimated at approximately $2.72 per tonne for mining and $9.65 per tonne for processing 1. Assuming a general and administrative cost of about $1.46 per tonne processed:

Total Cost Estimate:

Total cost per tonne =

2.72

+

9.65

+

1.46

=

13.83

USD tonne

2.72+9.65+1.46=13.83 USD tonne.

Total operational cost for the project =

15

,

000

,

000

tonnes

×

13.83

USD tonne

=

207

,

450

,

000

USD

15,000,000 tonnes×13.83 USD tonne=207,450,000 USD.

Profit Calculation

Estimated Profit:

Profit = Total Revenue - Total Costs

Estimated profit =

2

,

017

,

000

,

000

−

207

,

450

,

000

=

1

,

809

,

550

,

000

USD

2,017,000,000−207,450,000=1,809,550,000 USD.

Conclusion

Based on the current resource estimate and market conditions, Bezant Resources could potentially generate an estimated profit of approximately $1.81 billion from the Hope and Gorob project after accounting for operational costs. This projection highlights the project's significant economic potential as it moves towards development and production phases

Well a few million to develop a copper and gold mine could be cheap. It is possible and Colin

Has been investing quite heavily here recently.

Presumably PI cannot participate?