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Remember Willy called the huge investment in Blackstone first.Putting aside questions about insider knowledge, if this is true and to my mind it sounds credible, some key questions would be,

1. How many shares will BZT retain and at what cost ?

2. Will there be a new BoD for Virgo if it is spun out ? ( Hopefully no CB)

3. Will any large I.I's be taking part in this.

Interesting and maybe positive.

Prickly,

Thank you. You have done more PR for this company then they ever have. 7k tons per year at $9500 per ton brings a revenue of $66.5 million, a breathtaking sum if achievable. But for the CB factor, this should have doubled.

It looks like Option 2 ( see earlier post) was correct, so well done RMC and Mr T. I am not sure how much patience the market will have with this reason.

Thank you once again.

Explore. You are correct, this has a lot of potential and is ripe for development. We also have the CB factor on our balance sheet which is pulling this down.

With the greatest respect to Prickly, they will report back from the AGM that CB will announce the production plan 'soon or even 'imminently.'

Whilst these words have standard OED definitions in the BoDs' view they mean, 'maybe in the next 6 months or even 12 BUT hey look over here at this new thing.'

Unless there is movement BZT needs to be bought out so we can get some of that shareholder value back.

£4.50 is the value of the latest major buy in anticipation of an excellent AGM and announcement of a plan.

To entertain whilst we wait.

What will be the next RNS on Hope ? Take your pick:

1. We have developed an industry standard production and finance package, the full details of which will be on the website by close of business on the 25th July 2025. We intend to start initial production in Q4 and full production following the rains in Q1 2026.

2. We are developing a plan but just need to secure a better finance deal given the increased value of copper.

3. Local bureaucracy is holding up contract sign-offs, plans to follow. After all, this is Africa.

4. We are waiting for some experienced local consultants to set up in the country. They will develop a plan in return for a share of the proceeds of the ore.

5. We will develop a plan once we do some more drilling as this is bigger then we thought.

6. We had a plan, an elephant sat on the USB stick with the only version.

7. This will be the biggityest mine in the whole country of Africa !! We do not need a plan as many many people are queuing up just to put a shovel in the ground for us for free. There will be so so much jam tomorrow each shareholder will have their own wasp swarm following them.

Personally I pick No 6 but we shall see.

I am not missing the hyper-critical ramping and PR campaign for the other companies but they had a point about the lack of plan. I want BZT to succeed and reach at least 0.1p preferably .3 BUT we just need CB to show up and deliver. If that confidence existed the likes of Pedro would not have a leg to stand on and we would be much higher.

Who here genuinely believes we will see publication of a detailed effective plan in the next three months ?

I would love to see one but I fear 'delays, sensitive contractual negotiations, due diligence processes prior to sign off, local agreements, planning consents [delete as appropriate].'

Asperger1, Thank you for the research. I too have held a small amount of LLOY since 2016 doubling up during the COVID crash. I knew there was a dilution in 2007 but the scale of it astounded me. Even with the buybacks continuing apace it would indeed take years to get anywhere near that lower level of shares in issue. Added to this, that the bank is smaller and retail only, it is a wonder that the SP is what it is today. I am happy with this stock as it is not as volatile as BARC which I also hold.

Asperger

Thank you for the summary of the recent shares by year. Much appreciated. Another question if I may, how many shares in issue were there say just before the crash and Gov. intervention ?

Great rise in price.

Has anyone seen a production plan for Hope ? Asking for a friend...

Hardup

Thank you for this summary. Do you know by percentage how much smaller the shares in issue are when compared to the start of these buy backs some 3 years ago ?

This is CB's chance to rebuild some credibility if he can announce a costed, transparent and professional plan prior to the AGM. If, as I fear, we get to the AGM and he announces 'plans are being worked on, delays in sign offs, etc...', the market will collectively sigh, shake it's head and move on.

At that stage we would be ripe for take-over and I would bail out at anything north of .06 as I suspect many others would.

$15 million will buy an awful lot of prospects at BZT. Sadly I would rather take an offer of 0.09 if one came along.

Prickly. This is an interesting option. However anyone with $15 million to hand would be better launching a bid to buy BZT outright and cut CB out of any deal and get 9% of BSX thrown in.

Mr T. I would love.to be proved wrong here. I cannot see CB selling Blackstone but I cannot see CB seeking external funding for Hope in the form of a loan or turnover share deal. The lender would be risking all on BZT starting operations and that requires a lot of confidence. Maybe a JV but the easiest option is a dilution . Any new Investor gets a sizable chunk of Blackstone regardless.

Irish, this will not be a popular view but I believe there will be a huge dilution to fund Hope. CB is a proven master at diluting company stock to fund costs and new ventures etc. Given the potential at Hope, it is too juicy a prospect.

Should there be a dilution I would like the opportunity to partake rather than this being offered to I.I’s. Going forward I predict a dilution followed by a consolidation.

There has been a dilution and subsequent fall in the value of the BZT holding but this actually looks promising. BZT will now own 9% of BSX and Macquarie 4%. What is interesting is that BSX also offer existing shareholders a chance to buy the new issue, something CB should take note off.

Billy, I agree. Cooperlemon win either way. Every dealing CB has with this company is to their advantage. They were involved in the West Foreland project, Chilibwe, Silverking and the scrap piles. CB will probably loan them the cash to raise their stake in Silverking.

How do we buy shares in Cooperlemon ? At least we can get some benefit.

Joeman. Thank you. So we put money in and get 70% but if they put some money in they get 70% or do they get 70% of our 70%?

With the Chilbwe debacle and the sale of the scrap piles CL are onto a good thing with XTR.

Can someone explain the paragraph on Cooper lemon being able to gain 70% ? I have read it several times and it does not make sense. Do we pay $1m to gain 70% and then they get 70% of what ?

Interesting timing of this. We receive a large amount of stock which is about to get diluted… Plus ca change.