Member Info for howezap

EW this is what you said on the Bzt board on 30 Mar

“I also sold amaroq at a loss. They produced gold sent it to England for stamping and never heard much since apart from Chinese looking at the mine photos. Went very quiet and now it’s severely down.”

Not judging you, I just think you need to look a lot closer and you will see you have been far too hasty. Amaroq is arguably without comparison, one of the best quality growth stocks on the market right now.

Are you certain you are putting Bzt in the right file. Personally I would put it in the ‘bottom of the 2nd wave on the lasonde curve’ file. Now they have got the last of the tricky funding rounds out the way to bridge the OpEx gap until the financing deal is sealed and part fund the extra 20% ownership, overall, a last kick in the balls for shareholders but one that will be forgiven in the long run as certain to be more value accretive.

Particularly so if having the means to top up to keep your own little slice of percentage ownership in the company the same due to the latest dilutive round if no other reason.

You may or may not get another opportunity at these levels as production from first concentrate gets closer and we start to ride the second wave.

Apparently , it’s a thing 📈🙄

Apologies, didn’t mean to mislead, I had overlooked they had already released an announcement on 3rd March awarding incentivised share options to directors etc.

Vesting price of 0.165p in two tranches- 50% of the Options will vest upon the breaking of ground at the Hope and Gorob mine site and the balance of 50% will vest upon the first sale of concentrate from ore mined at the Hope and Gorob mine with all options vesting on a change of control and / or sale of the Hope and Gorob project.

To incentivise and retain directors, officers, consultants and employees critical to enhancing the future market value of the Company at a significant premium of the respective exercise prices relative to the share price and 30 day VWAP.

https://www.lse.co.uk/rns/BZT/grant-of-options-and-directorpdmr-shareholding-6ckcvf5pv1e0ajd.html

Done and dusted already. Home free. 😎

Hi 8ead

It’s not a case that these options are awarded through any necessity to raise capital when vested. They are issued at a time preceding any monetisation event usually to incentivise and reward staff, consultants of the company and of coarse directors most of whom are non paid directors.

Colin does like to issue these rewards, has done many at Xtract although some have now lapsed due to exercise price not being reached over the time period.

To incentivise employees etc, the latest awards over at Xtract vest in 3 equal tranches, immediately, upon production at silver king and finally in November time as an example.

Colin is not concerned about the dilution of their shares as they are all awarded accordingly, likely exceeding there original percentage of ownership. 😉

Don’t be surprised if the board announces more dilution to the tune of about 5-6% soon with awarding new incentivised options to Directors, employees and consultants.

Has done so over at xtract twice now within last 10 months. Be really surprised if they don’t here, once OpEx financing is in place would be my guess.

Me too, I half expected the raise but as others have said it’s those warrants again that sour the deal. 2m added for me absorbs the dilution.

There will be certain stages, or milestones to go through before the project will be confirmed as being any where near economically viable.

WSBN are more than capable of progressing to an inaugural MRE. This only needs is to be a very loosely inferred resource, alongside first round of metallurgy from representative examples across the defined resource. (Once achieved) for an initial open pit they will send the data pack to third party minining consultancy for a conceptual mining and financial study that will be of very low confidence, giving pit shell scenarios, against different mining rates, cut off grades and metal price. Etc A conceptual study only needs to give a potential acquirer/partner the see potential numbers that stack up and the geological justification at this stage to take it foreward. At scoping or conceptual the numbers are not robust.

One of the other reasons for understanding the resource potential and scope of any potential ore bodies is to get an understanding of any future infrastructure layout. You don’t want to be building a tailings dam over the top of an ore body.

Their exploration strategy is not one of a mid cap that will go onto develop it. They only need to do the necessary groundwork and basic desk studies to attract interest.

Long way to go still though.

.

Share your sentiment Nettles, one thing i would add is for those that sitting on paper losses. Buying when market cap was much higher, you must have felt the share price was good value at the time. So now being at a considerable discount, with a well funded extensive upcoming drill programme due, how much more perceived value does that add to the current share price at this now discounted market cap.

Don’t be struck with panic and do nothing, either sell up if you believe there is a better opportunity elsewhere in your next favourite stock to regain losses. Or, see this as opportunity to strategically average down to bring your break even closer if you have the means to.

Just remaining on the hope that one day you might be lucky and get your money back is not a reason to stay invested. Take the initiative to own your investment again by doing something about it. There will be opportunity!

Soz meant 100m mc which would likely now be circa 12-15p

Hope folk are averaging down to absorb some of the recent dilution to try keep your ownership percentages up.

Now seems a good time, give it a month not sure it will be sub 1p

I thought Kev was being somewhat optimistic too, on both 2p timeframe and 10p.

Yes potential for 2p, but on first concentrate being sold perhaps, which won’t be that soon.

As for 10p, you have to factor a move on Bushranger in that scenario and I don’t see that happening in ‘26. Colin also said in one or other podcast it had gone quiet in Australia regarding M&A generally. I’m being more reserved on that now, there isn’t the necessity to sell it quick, he also had said on a Kendrick podcast that it’s not a good idea to put a for sale sign up as it weakens your hand. So im hoping the additional pre concentration study work they are doing returns the results they are looking for so the financial study can be updated finally or at least provide a supporting study for it along with that sustained new normal copper/gold support level.

Hi Andrew, there’s an argument either way and im sure it will be somewhere in the middle ground as to the short to medium term effect it has seen.

The one important prediction I am banking on was from Archer that he could see another 100% day gap n news of first concentrate sold at the gate.

Any thoughts?

Any M&A activity in the province, as well as any confirmed new discoveries will all feed into WSBN ‘s situation too.

To be fair on Kev price prediction this month, that was before the Iran conflict kicked off after the promising updates on both mines.

Defy anyone to suggest the global market instability has got nothing to do with it.

Nice to see the doom crew pop up, where were you then btw.

I believe the company are very happy to see warrants exercised to raise additional cash. It’s not as though we didn’t know about them as they were issued in ‘23.

I think the financier being announced is being unnecessarily focused on. If we consider past three operational RNS on comments regarding start up, in all three consecutive, the language has not changed which should give SH’s enough confidence it is in hand and not be of concern.

Load of bolox analysis, zero effort, zero effort ai tosh.

Exploration risk v leveraging owner operator REE actual production = no brainer

Even from their own, very recent final investment decision forecast update due now in CY28, Antipa accept a standalone build is ‘highly unlikely’ due to project valuation. Their own price target assumes a takeover scenario by Greatland.

WSBN are beginning to push the Greatland scenario. Anyone seriously investing in WSBN on the basis of a takeover by GGP should really look into Minyari as a baseline to understand the amount of work they have put into it. They are clearly desperate for GGP to step in, Maybe many will lower their expectations somewhat and just enjoy the exploration story as it unfolds and hopefully make some money along the way.

But also consider this in the comparison, Red setter is WSBN primary focus/asset, just as Antipa’s Minyari is theirs, with their current stage in Minyari’s evolution their market cap is currently trading at £207m. So although keeping one’s own expectations in check, there is obvious upside potential here with the foothold now that WSBN have and market cap under £10m.

It has only been 4 days since announcing they are increasing ownership. Why would there be a suggestion something has gone wrong with the financing, when one of the most obvious points for a creditor is knowing who their debtors are.

Final settlement of the additional 20% will be when first payment of GBP557k from the issue of shares on and second from GBP577k in staged cash payments (GBP150,000 by 31 March 2026 and GBP396,000 by 15 May 2026).

Could well be that definitive financing agreements cannot be signed until those settlements are made.

No expert on financing, anyone else have a better take?

“But this deposit does not need to be huge to make it an attractive bolt on for Greatland”

If we were to take a close look at Antipa’s Minyari Dome project as a benchmark. Proximal to Telfer, although doesn’t have a feasibility study yet it has a scoping study with NPV7 of A$1.8b from a reasonable existing mineral resource containing 2.7 Moz of gold,  90,000 t of copper, and 700koz of silver from multiple deposits over a 3.6km corridor. Yet is failing to attract interest from GGP, with a reliable source stating Shaun Day had said it was too small for Greatland.

RS could well exceed that in time, getting their first MRE on the board which they will ultimately be aiming for is the first milestone for which they can then begin to understand what needs to be done next after that.

So yes there is confirmed gold, the next job now is to understand scale. Beginning to try to prove it can be economically exploitated comes much later.

That is the thing, the only real way they can leverage Telfer is by using them in WSBN marketing. That’s not a bad thing. But that is it.

Realistically they cannot just build a resource around the hope that one day Greatland will want it. Any project follows traditional lines of resource development toward a standalone mining operation.

All of the nearer surface grades which will be typically lower, will not be economic for toll processing regardless. Plus Greatland do not require, or have any desire to outsource just complimentary ore feed, to supply Telfer train 2 as it would be incompatible for the Havieron train. So the only ore that GGP will want are the ‘potential’ deeper much higher grade sulphides that will augment Havieron and west dome underground high grades through Hav train 1 if there is available spare throughput capacity.

A collaboration with GGP would never happen. On a significant discovery with a feasibility study and economic assessment then maybe they might aquire it. But WSBN would need to JV with a partner long before to help fund and get RS to feasibility.

Let’s hope WSBN drill right down the throat of a high gold concentrated parcel of rock they can start to build a resource around to attract a partner with deeper pockets.