Member Info for Icarus69

I think he’s a bit of fresh air. No smoke and mirrors, no hiding in the background, up front, knowledgeable and informative. Had enough of companies where the BoD treat you like mushrooms, so limiting my long termers such as ORR and BMN to companies where they respect their shareholders, deliver on their promises and keep you updated every step of the way.

I’ve got a good feeling about Tim Livesey. He talks well, has a good track record and keep shareholders informed, and I think on aim with such a good business plan when you put it out there a major rerate is inevitable on this currently undervalued share price.

.......I wake up early to check if this turd of a company has provided us with some info to put us out of our misery. Are negotiations that sensitive that they can’t provide any update whatsoever?
‘Talks are progressing slowly but we are hopeful of a positive conclusion’. ‘Talks are progressing but we are some way off a positive conclusion’. ‘ We hope to update the market with further information one way or the other by....’

Not sure we will be anywhere near 13-14p this month. Would love to be wrong as that would see me up around 50% and more, but not sure Uruguay has been that much of a drag on the SP, and I think drilling Anza is some way off. However for new investors willing to buy and sit tight for a few months there’s definitely multibag potential here.

the flow rate peaks at the beginning, then falls back is the SP likely to peak then retract to a more ‘natural’ valuation? I’m looking at this long term, but also want to de-risk a little.

....after that it can rise to its hearts content.

I for one am very much hoping it drops to 36p. I’ve got a last bit of money burning a hole in my pocket and £10k @36p as opposed to 41p is quite significant for someone with a comparatively small holding compared to some.

I still think I’ll wait this one out before averaging down. You may be right and it’s hit bottom, but likelihood that there’ll be minimal news on this for 3 or more months and very unlikely it will rise much more than this on no news, so worst case scenario is I get in slightly higher than what it is now, and best case I can average down and then de-risk as and when this starts waking up again.

🥂

Waiting for further drops to average down. Pretty sure there’ll be sellers looking to invest elsewhere, and this will drop.

Agreed Shelley. What kind of idiot posts critic crap like that and disappears without explaining. Drops a bomb and goes off to get his mono brow waxed without a thought to the situation he’s left behind. Either explain or don’t say anything in the first place. Oh well, another added to the filterlist.

Are you suggesting nothing happening short term, or the compelling story we are all invested for isn’t looking as good as we thought?

Bridges, do you expect this to happen in 2018? The longer it takes the more the SP will drift downwards which I suppose will provide opportunities to average down.

The story prior to the insolvency RNS had me thinking 20p a share wasn’t inconceivable. Now I’m thinking 0.57p I’m even, anything more a bonus. If I was holding a decent profit on my other shares I might stick around for the ride, but none of the good news I’m anticipating is currently in the SP apart from BMN, ORR (as of today) and KP2 and even then it’s at the start.
There is potential for a major rerate, but in these uncertain times not sure with the volatility of BZM I would take the risk unless I have a big riser elsewhere.

...are you planning your exit strategy at a certain price, or do you have faith CS have put in the measures required for the BoD to help BZM reach its potential.
In other words, sell or hold?

https://youtu.be/nHRMoMOGFfU

Vginvs, if you listen to the interview on those results you’ll find they were actually excellent for the type of testing that was undertaken. Dig out his interview, the company were very pleased with them.

Just re-listened to this Julian Cheong interview from earlier this year. It states a $250m investment with ‘the major shareholder’ being the only creditor for $20m. He mentions dialogue with parties to monetise assets, and unlock the value of the assets in the ground -iron ore ‘world class deposit’ and ferry nickel as well as Konta Port ‘that belongs to Bellzone’.... a very important and rare asset. All of these assets were of interest to the parties they were talking to to get up and running and producing ASAP either financed by equity or debt. <br />He alludes to the major shareholder being happy BZM moving in the right direction, how they’d always had a cordial relationship and how he has every reason to believe they will continue to be supportive and cites the major shareholder extending loan repayments to end of 2019 as testament to this relationship and faith in path and direction BZM moving in. He ndicated that there had been a shift in BZM’s present value proposition and prospect of monetising sooner rather than later. <br />The fact he’s still involved at BZM would suggest he wasn’t feeding us a plate of bull crap. This has got to be worth at least 3-4p a share even from a derisory offer once all the debts are cleared. Anything less and we are being shafted. <br /><br />https://youtu.be/Bh1Y-XDfoI8

I’m invested in my dealing account looking to bed and ISA, but expecting a rerate on the DFS prior to being able to do that. At that stage I see the next good news as funding of the mine, so maybe a static share price or retraction in between DFS and funding. On funding I see another rerate and again status quo until mine is close to operational and then a further rerate.
This is a share I’d be happy to hold long term, but at the same time see multiple opportunities to trade it prior to major RNS’s dropping. Do I trade this or hold and tuck away for the long term.

Can’t do anything but hold. Went over all the reasons why this looked such a good buy only 2 or so months ago. Then looked over the posts on this board over a long period of time and the big question mark is over what ownership or control of the assets do BZM actually hold? Kabisko has been saying it’s all smoke and mirrors for a long time now and I originally had him/her down as a troll, but unless they’ve lucked out with their doom and gloom scenarios aligning with bad news, we could actually have someone closer to the information than I originally believed.
However, at this point all I can do is continue believing in the story I invested in and hope the governments positive stance on BZM is based on them knowing that they have some control over their assets.