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Thank you Pricey for spending time ascertaining the facts.

That 5m at 9:20 is a buy.

The 2m and one of the 1m at 9:16 1nd 9:13 were mine and were both buys

Tungstenman, you are either unversed in valuations or deliberately misleading.

If a mining explorer gets to fully Jorc a prospect with a 1bn value, if it were put up for sale the price obtained would be a small fraction of that.

And if the explorer were to develope it itself, they would have to raise tens or hundreds of millions of pounds which would be a large dilution.

You have also many times repeated that Zeus have put a 6p value on the shares. That also is misleading as their latest value is reiterated at 1.9p

20p is in my view wholly unrealistic

Rasoolb

thanks for your efforts in contacting Nick.Let's hope a new partner does come forward

I think there was an error made by Colin when he said the equipment had been landed at Walvis Bay.

Walvis Bay is in Namibia and I am not aware of XTR operating there. I think he was confusing BZT and XTR.

So was the equipment at Walvis Bay for BZT in Namibia or somewhere in Morocco for the antimony operation with XTR

A good leader would acknowledge his errors and surrender those 1p share options VOLUNTARILY.

I'd like to see LC renouncing his 1p options and taking a salary reduction -all in view of the company performance under his leadership

Heroric 9.30 HEAR HEAR

Absolutely agree.

How on earth is Leon still in post.

What on earth are the Board thinking of.

If you read my messages in detail , you would see I said I wouldn't welcome the idea of an IPO. Certainly not wanting to give it momentum. But I still worry it may have some basis. This is a discussion board after all.

Thanks the friendly comments-deluded !

The 2025 Annual Report 30/6/25 says that that -QUOTE -"Bezant is the recipient of Blackstone Mineral shares with a value of approximately £5.8million...... and in excess of Bezant's current market capitalisation".

The value of Blackstone shares has reduced over the last month so Blackstone shares ar worth about £4.6m against a Bezant share cap of £6.71m. Do you think the difference of £2.1m is a fair relection of all Bezant's value excluding Blackstone? If not then I conclude the value of Blackstone shares is NOT fully reflected in Bezant's market cap.

I do not know if the Virgo IPO rumour is true or not. I think it might be (credible). Bezant needs a reported $10m to build the mine plant at H&G. CB has said this could be a JV but the JV partner would have to be fairly substantial to provide that sort of sum.Looking at this rumour of an IPO of Virgo , who actually are the 70% holders of H&G, and are or were ( I can't ascertain their current status) quoted on ASX which is a more mining friendly exchange, and with a ready to go mining project, may therefore be a suitable IPO candidate. (maybe the Blackstone /IDM situation has shone a light on this as a possible way of attracting the capital necessary)

There is a logic there. I'm not sure I like it but this discussion board is for discussion , not making nasty comments,

Regarding the Blackstone shares , I do not have enough information on the likely progression and therefore the prospective value of them as an investment compared to selling them to provide some funds.

I agree it does sound credible.

However I wonder if Bezant shareholders will see the full benefit if true.

After all we are not seeing the full value of the Blackstone investment.

And will the remaining bits left in Bezant have any significant tangible value.

I'd be a bit concerned if this is true

He can't exit the PGM deal or rubbish it.He needs to quietly approach the top half dozen largest shareholders and seek their views along the lines of "circumstances have changed, PGMs are more valuable- will you vote against the deal".That would dig him out.

I still think his time is up and he must be replaced. I don't trust a word he says

Will the Chairman use his power together with the other directors to replace Leon Coetzer due to the consistant failure to meet the Leon's own )targets on the copper strategy in Zambia?

I don't want to hear the word "targeting" again, I only want actual production numbers.

Leon Coetzer has seriously mislead the shareholders by quoting "targets" which he has not achieved in copper for several years

My understanding is we are producing copper concentrate NOT copper.

When CB says 7-8000 tons a year is he referring to copper or the concentrate.

If concentrate then we will get a lot less than $9500 per ton. How much I don't know. Anyone?

From the JLP website and ignoring the shareholdings of Hargreaves Lansdown.Interactive Investor and Halifax Sharedealing which are really PI's), the large (over 3%) investors , including Slaters at 9.97, represent 28.4% of the company

Why is Leon Coetzer still in place?

There has been underachievement after underachievement against his own statements.

The Board of Directors do not seem to be able to control him.

Reynolds-gone, Ollie-gone, Grimbeek-gone. These departures speak volumes.

And refer to RNS of 6th March 2024 to see that Coetzer is THE resposible person for all that underachievement in Zambia

I emailed Slater Investments in October 2024 advising them of LTH unhappiness with the huge award of 1p share options to directors and received a reply back the following day which said thanks for letting us know but we can't comment at this time.

Probably coincidence that Jonathon Morley -Kirk (who has links with Slater) was appointed interim CFO a few days later.

That appointment RNS of 31st Oct talks about better communication with shareholders.

What happened?

Leon doesn't have any incentive whatsoever in buying shares.

He was awarded over 16 million in 2024 on top of millions more (I can't be bothered to go through the figures again but all in all he probably has in excess of 30m. The 16m can be exercised at 1p each--that is 1P EACH

Would you buy any if you had those options? Why peopledon't do their research I don't know.

I am still not sure about this.

Arc have sold [up to) 70% of their former subsidiary Handa Resources Ltd to Anglo.

Handa Resources have the licences

If Anglo decide to sit and hold ,what rights do we have as a 30% shareholder

Investors would value our 30% based on whether they believed Anglo would sell or develop in a reasonable time frame