RE: Sp ....BZT could be on the cusp of a massive RERATE18 Oct 2020 08:00
Cape- all aim tiddlers like this need to remain solvent by raising money and also to progress. This is how it is in this sector and companies higher up the Chain like GGP are no different . They have no product to sell.
BZT are in a very good position because the current drills are funded and the warrants likely will all be presold within days if they haven’t already.
Pre selling or flipping warrants is when the broker sells them for you for a fee and they are converted at admission. Ie the warrant flipper does not part with cash up front. This will bring in another £600k in cash which is a huge amount of cash. The effect is that shareholders sitting on the fence will be less worried about the imminent cash position.
Also the Mankanyan sale looks finally ready to go through which means that BZT will get also £6 million in shares of the newly listed company. We don’t know yet if they will have a lock in but it’s still very good. Also for their 20% of Mankanyan, they are funded for the next stage so no spends there and Mankanyan is worth up to $2 bill NPV with their 20% worth up to $400 mill NPV.
The HOPE project is what is exciting due to the sheer size of it.
Already world class grades of 9.18% copper and Colin bird thinks there is a lot more gold there. News soon .