Member Info for Lupidog

Onward and upwards.

tok. Delays don't even drop us. We are rock bottom on assets. I need to find some more cash to round up to 5m.

If you compare our assets and income to those of XTR. Are we undervalued? Is XTR in for a drop back soon? XTR consolidated back in 2017, so their sp is more reactive @ just 620 shares in issue. We had our XTR moment back in 2017. They have more projects on the boil than us. We will get our moment, but due to dilution the resulting changes will be less reactive. We also have to add the effect of any new cost to develop LCCM, be it monetary or asset %. We keep being told we are undervalued and I keep asking is the Market correct or are our BoD correct? Because the Market is winning the argument. I still stick to around £30m mcap if we get the PEPR and finance/JV.

Sorry, I don't use ii, I use Lloyd's. They have never caused me any issues and always available to phone and explain exactly what I need if it is outside of online capability.

Did you check https://www.lse.co.uk/SharePrice.asp?shareprice=BZT.GB.PL&share=Bezant-Resources-Plc as there are 2 pages for BZT and the share transactions appear on either page but not both.

I agree with you on the 0.4p area being the bottom, without more shares in issue and barring some unforeseen disaster. It is the fact that we need some finance and that will come at a cost, either more shares or a big slice of asset. If we finance correctly I suspect a reasonable rise. I hold 10% of your holding. I am not willing to risk more on past management performance. I made money once here and see a possibility to do so again but not at the same level.

Bitcoin is also here in SML and that is reason enough to doubt.

Is going to happen and from this basement price.

Thank you for that Bitcoin. I believe the BoD were already fully aware, if they were not that would be equally worrying.
But I appreciate your efforts.

No conflict if AB leaves SML. He will still keep LCCM.

Higher Copper prices make LCCM more sale-able to someone with the knowledge and funds to make it work. Sell LCCM and move on.

After yesterdays RNS, we still hover at this level. It is a good indication that around this mark is bottom and makes for a reasonable speculation for new investors.

A conflict of interest (if there), can be overcome if enough value is seen in the project. AB could maybe leave one board. He could focus on LCCM from Must and still make the same money and improve sentiment here.

Clearly.

There are ways around a conflict of interest if the value is there.

The way our BoD (especially AB) have been playing. It is not outside the realms of possibility that he would sell himself another of his own projects.
My main point was that if they are not considering it, that means they themselves have zero faith in LCCM as they know more than anyone else about the value of the project.

This needs new blood to move it. LTH's are suffering the decline (which has the appearance of being self inflicted). As today's drop has shown, we are sitting around bottom on our assets with nowhere left to drop. This is a fantastic opportunity for new PI's to get into Copper and Tungsten at the bottom rung. We have a choice to continue to dissuade new PI's by publicly reveling in our own demise or helping to attract new PI's, by toning down the discontent felt by those who have suffered a loss of both money and confidence. The only way to recoup the losses (without cutting and running), is to promote what we have. Which is a share sitting at asset value alone, with potential to create wealth for those willing to take a gamble. If they come we all benefit. I am angry, frustrated and suffering a near total lack of confidence in our BoD. I will leave my shares in place and draw a line under the fractious history.

Not even a "confident" to submit.

MUST are looking for exactly what LCCM is:

"target an Acquisition where the target company or business or asset(s) has a transaction value of between £2 million and £50 million"

"The Company's determination in identifying a prospective target company or business or asset(s) in the energy or natural resources sectors will not be limited to a specific geographic region, stage of development from exploration through to production. However, it is the Company's preference that the target is generating cash flow or has the capability of generating cash flow within 12-18 months of acquisition."

You are running to a tight timeline:

"The Directors note that as disclosed in the prospectus dated 17 July 2019, if an acquisition has not been announced by the end of January 2021, the Board will recommend to Shareholders either that the Company continue to pursue an acquisition for a further 12 months or that the Company be wound up"

What sort of signal will if send if SML/LCCM is not considered a suitable target. How are we to have any confidence in LCCM if our own BoD do not consider LCCM a suitable investment for one of their own companies, when they are actively looking for exactly what LCCM is?

MUST are looking for exactly what LCCM is:

"target an Acquisition where the target company or business or asset(s) has a transaction value of between £2 million and £50 million"
"The Company's determination in identifying a prospective target company or business or asset(s) in the energy or natural resources sectors will not be limited to a specific geographic region, stage of development from exploration through to production. However, it is the Company's preference that the target is generating cashflow or has the capability of generating cash flow within 12-18 months of acquisition."

They are running to a tight timeline:
"The Directors note that as disclosed in the prospectus dated 17 July 2019, if an acquisition has not been announced by the end of January 2021, the Board will recommend to Shareholders either that the Company continue to pursue an acquisition for a further 12 months or that the Company be wound up"

What sort of signal will if send if SML/LCCM is not considered a suitable target. How are we to have any confidence in LCCM if our own BoD do not consider LCCM a suitable investment for one of their own companies, when they are actively looking for exactly what LCCM is?