Member Info for martina07

Actually, it reads OK and at least they have told us in Advance that the Year-End timetable isn't going to be met. JT wud have left it until 31st December, then banged -in a Placing anyway ! So, it looks as though some sort of PR/ Expectation management is being employed here. which is an improvement. Silver was always there at Toral - you could see it in the physical samples I handled, and it's nearly always in that type of Lead/Zinc mineralisation anyway. But its good, just depends what the grades are, if it is to be financially significant for the 2012 JORC. Zinc/Lead grades and quantitles are FAR more important however. I still fear a placing at some stage, before the JORC process is out of the way however - they haven't got all that much cash left. Then cue CB taking another big slug of it and becoming the De Facto owner of the Company, as there are no other Major Shareholders. (Certainly not the BOD or Management !). IMHO. DYOR. GLA.

And what if the Jorc isn't upto scratch, or comes accompanied by a further placing ? We still don't really know why JT left FCR - cud it b that he saw the new geological model results and didnt like what he saw ? All important things to be considered when making a new investment in FCR now. Agree with Cattleman - deadlines are just silly and give management a rod for their own backs. (as JT found out, to his cost). IMHO. DYOR. GLA.

Another point worth mentioning is that Goldfields are fundamentally a South African Company, though domiciled in Switzerland. They are desperate to get out of South Africa, as the country has gone to ruin under Jacob Zuma and the Philippines, (under a decent Govt at least,) could prove a more profitable investment for them. That, in turn has major implications for BZT. IF (big IF) they cud get Mankayan up and running again, it cud b a "Company Maker" for BZT & Choco wud b relatively small beer in comparison. Prickly, I agree - I've never been particularly impressed by LR, or indeed BO really - they seem a bit lightweight when the heavyweight stuff has to be done. Evan Kirby just seems to be a Professional "Board Sitter", to no great effect - so really, Ed Nealon is the only one with any real clout or major mining management success in the whole Company, and he's only there because his Brother , Gerry, sadly passed away. New BOD required ? IMHO. DYOR. GLA.

I hear wot u say Quindell, though the recent Columbian News was a real shocker, and I'm sure could have been engineered much better. Why not, for example, actually secure the Farm-In, then there would be no need to issue this huge amount of shares at a 50% discount to the previous price and destroy the SP , to boot. I guess that cash burn was much higher than we , as shareholders, were led to believe. Explanation from the BOD is undoubtedly due, but will we get it ? - I doubt it. On the matter of Mankayan, I see that BZT's next door neighbour at Mankayan, Lepanto Consol Mining, got their mining licence back from the Philippine Govt on 17th October 2017 and have raised more money since, in a Rights Issue to develope new Porphyry find within their existing mines. They also own 60% of the neighbouring Far South East Gold property, in a JV with Goldfields of Switzerland, who are still a major shareholder of BZT. Far South East has not yet been developed, , but, Goldfields have an option to buy a larger stake from Lepanto, and they could then develope that deposit, as well as starting to develope the BZT Mankayan Deposit , as the 2 are very close together and possibly interlinked, underground. So, that is where the possible Corporate Interest in Mankayan may come from, made possible by the Mad Philippine Mining Minister Gina Lopez being given the boot and Mining being allowed to re-start in the area. How that will eventually pan out for BZT shareholders is another question entirely, however !! IMHO. DYOR GLA.

I have NEVER read an AIM company as bad as this one. Mankayan & Argentina are worthless & unsaleable, and it looks as though Choco is unfundable and hence incapable of being developed. Total Disaster. You can't dress it up in any other way. IMHO. DYOR VGLA.

Ahem - anyone seen BZT SP this afternoon - another LR/ Ed Nealon Company...........Peterhouse did the Placing......! Joy !! IMHO. DYOR. GLA.

As a relevant aside, in these "no news" days, I see that Colin Bird's Galileo Resources (GLR) yesterday started drilling at their Zambian Zinc Deposit , to define the resource more accurately, with 1750 m of drilling planned - so at least he is in the same Mineral as FCR, if not the same Continent. The distribution synergies between Zambia & Spain don't seem immediately obvious however? A link between Teck,, Boliden , Lundin or even Glencore, in Europe being seemingly a more likely JV possibility - IF the FCR JORC is good. Also, have a look at a chart of the GLR share price over the past 52 weeks - wow, wot roller coaster that has been - 1.7p to 10p then all the way back to 1.5p in less than 1 year - makes FCR look like a model of SP stability ! IMHO. DYOR. GLA.

I mentioned the updating of Major Shareholders section to Laurence 3 weeks ago. Hasn't bin updated since 21st May 2017, since when a signif no. of changes have taken place to the Register, but he hasn't done anything about it. Also mentioned the S African Bits still on it and all the SA and Aussie Advisers, many of whom I'm sure can now be "Binned", to reduce costs further. Mentioned it loads of times to JT, but he simply cudnt b arsed !! They now have 4 weeks to get the " Jorc" in place, according to their own timetable. IMHO. DYOR. GLA.

Finally got to the bottom of the PFS Jorc saga, by asking a an Economic Geologist mate who is not connected to FCR.. Apparently you do NOT need a PFS/FFS prior to getting a 2012 Jorc. The PFS/FFS and Scoping Study can come AFTER the Jorc . What is important is that the Jorc tables and Data required to get the statement under Australian rules are to a higher standard and require higher levels of explanation than for a NI 43-101, which FCR already have in the 2011 Micon Report on Toral. The NI 43-101 would NOT be accepted under these Jorc rules, as a Mineable Resource. This is what LR, MC and the team are now working to achieve, to their own self-imposed deadline of 31st December 2017. Let us also hope that they are also thinking about what comes after the Jorc statement , in terms of funding for the PFS/FFS/Scoping Study and/or a JV Partner for Toral ? (which I don't think JT ever did). IMHO. DYOR. GLA.

Please ignore post below. Posted to wrong website in error. Many apologies. IMHO. DYOR.

Finally got to the bottom of the PFS/Jorc Saga, by asking an Asking an Economic Geologist mate, who is not connected with FCR. Apparently you do NOT need a PFS/DFS to get a 2012 Jorc, , but these can come afterwards, as can a Scoping Study. The important thing is that the Data Tables required for the Jorc require a higher level of Data and Explanation than those for a NI 43-101. The latter will NOT be accepted under the Jorc code, as a Mineable Resource, but has to be proved-up separately under 2012 Jorc Code regulations. In other words, the Micon 2011 Report into Toral , is not recognised by the Australian Mining Authorities and has to be proven anew, This is what LR, MC and the "Team" are doing now, with a self-imposed deadline of 31st December 2017. One might also like to think that they are also thinking about how to obtain funding for a PFS and/or a JV, beyond the Jorc Statement. IMHO. DYOER. GLA.

Yes , we already know all of that, but do they need a PFS or FFS to get a Full 2012 Jorc ? That was the question ? IMHO. DYOR.

I wasn't aware that the Addison crew were going to be On Site at all. I thought they were just working from the historical core and the last set of drilling results. Being on site wouldn't really help them with anything. The Company's offices are in Leon, where most things are kept. IMHO. DYOR

Every possibility IMHO The Chukkers. Yep, David Hall & JM are very shrewd Cookies, in my experience and Glencore are notorious for paying top Dollar for big assets, right at the top of a cycle. Let's hope that's wot happens here. Although I wudnt be too upset if they did the whole thing Organically and took it right through to production, then declared "Special Dividends" Annually henceforth. IMHO. DYOR. GLA.

Wow, seen MKA today - up 145% on the day, on a BFS Funding. Wish WE cud hav a bit of that !! (Perhaps if we cud hav a successful 2012 Jorc result, followed immediately by the announcement of a new JV partner - that wud b nice !!). I have no evidence that the latter is going to happen with FCR, by the way. And I still don't know wot Colin Bird ( and his associates) are up to. IMHO. DYOR.

Er No, he didn't. So I don't still don't know what the Regulatory situation is, with regard to the establishment of a Full 2012 Jorc Assessment. My suggestion about the Directors buying some stock P/A , in the market , with their own money, seemed to fall on deaf ears too . It's weird , but if I were them, I wud love to own shares in my own Company. Shows confidence in the future, pure and simple. IMHO. DYOR. GLA.

Who says that really bad Companies can't get any worse ? !! IMHO. DYOR.

Cudnt agree more itsaduster. HZM is a PROPER mining Company with PROPER Management and a PROPER Asset, which is PROPERLY Financed, with a PROPER Instit shareholder register. The idiot "herd" are not in it yet, either. U cud hav paid 5p for it the other day - now its "only" 4.25p to buy - wots not to like, and that's exactly wot I shall b doing today. IMHO. DYOR. GLA

Soz, meant MKA - Doh !!

Anyone noted events over at MKO today ? up 90 % as Noble Group funds their BFS. Shows wot Can happen, as they are also a Microcap AIM Co. There we also have Directors owning very little or no stock, but few shares in issue (only 98m), so much less Dilution than Fcr. Maybe we DO need that Consolidation ? It's strange that Noble Group were once touted as a potential Bidder or Offtake Partner for FCR in the Moonlight days, but nothing happened. Shows how events can change things , IF the right resource turns up, in the right part of the World (IF !). IMHO. DYOR. GLA.