Member Info for MrTriumph

God news over at GLR this morning! which proves CB is around and not on a prolonged summer break as some here suggest!!

Must our turn surely CB, come on lets have this bloomin licence!!!

Then for Mankayan!

Mr T

Yes, and potentially more!!!

It will depend on the deal for Mankayan, if favourable then more, if a trade sale ie pre listing then around that number.

Add in Hope once the licence is issued and Eureka then you could be looking at 0.40!!!

Mr T

DVH,

Yes I could have had a good old go over there with Smiller, but, it is never nice to see your Investments eroding!!! as we know all too well here.

UFO appears to be in a downward trend and the market obviously do not believe or like what they are doing. Constant board changes are also a negative sign, once BB left the rot set in!

The sp will slide until the BOD supply more details, assuming they have them on how they plan to proceed?

BZT, is stagnant, but, the good thing is Mankayan, as I alluded to earlier any significant news this will be .020p easily, we just have to hang on to our share of it and not let it fall any further!

Mr T

Troajan

there isnt,on the mankayan,that one,could drag on for ages...

It could, but at the recent AGM CB insinuated news imminent!!!

Watch for a market move, that will tell us something is happening.

Then again, CB has been wrong before, he probably is now!! lol

Mr T

Troajan,

We are still awaiting the licence?

Then its onto finance which may include a JV!

Mankayan is the key here imo, any sniff of news in that direction and the sp will rocket from these levels?

Our share conservatively is £7M and could be several times more??

The Mankayan site is Tier one!!! was valued at £70M several yars ago!!!!

Mr T

Just a reversal of yesterday's fall?

False falls and false rises at the minute, No Volume!!

Mr T

Indeed, what is not to like??

The bloody share price for one, the main driver to entice investors???

It's going down not up despite all of these fantastic assets.

CB inferred imminent news from Mankayan, let's hope for once he is right!!!

Mr T

PP

Good post, exactly where I am coming from.

Problem, CB has to somehow release this value to bzt, if he can then we are in the right stock!

Time is the issue, it would be good to get some traction on Mankayan as I believe this is still where the value lies for us. Tier 1 assets are very interesting to the market but for so long here there has been silence.

Mr T

Silver,

"I am doubtful that any meaningful benefit will accrue from what's left of the Mankayan interest"

Why?

We still hold 25% of the asset or thereabouts, it must be worth north of 25M at least, therefore that would be 6.25 million quid, that alone is more than double the current m/c??

Back in the day wasnt it valued circa 70M quid!!! therefore why would the value have dropped in the time since that valuation especially as we are told that work has continued proving up this asset???

If worth 70M now, that would equate to 17.5M quid to us?

The only way I see there being no value or benefit accruing to us is that nothing happens, say for 10 - 15 years and we get diluted out of our share through cash calls to keep it alive but we do not participate?

There is a possibility of a trade sale where we sell our share either to the current majority shareholders or another third party? this would result in a lower return to bzt shareholders and would not be the desired outcome. I wouldnt agree as a shareholder to sell anything to a third party if it was at less than 5M and nor should any other holder. Cant see it being to the curent majority holders as they would have to raise the cash, where from??

CB stated at the AGM something imminent regarding Mankayan, we may see a sharp uplift in the sp if that turns out to be correct, something will leak beforehand, it always does? watch for any shary upward moves inthe sp and volume over a week or so, it wont take much to move this!

I still insist we should have quarterly updates on this asset in the form of official RNS' to keep us up to date.

Mr T

Good news today alright, down 13% WTF!!! On zero transactions in the great scheme of things!!!

Colin, come on serve up some news!!! It's got to be good though!

Mr T

Pricey

Thanks for the update and your time here.

Pity that there is no progress, as always!!!!!however few points to note:

Private buy out!!!! I would consider many small aim miners are ripe for this. Very seldom does it happen, the only thing that does however, is a delist due to ongoing costs being unaffordable!!!!! ie a cheap way of stealing the company from shareholders, they end up with zip!!!!

Merge with AP, don't like the sound of that either. Again, shareholders in the lower valued company are usually shafted, ie US!!!!!!

Mankayan, this is the most interesting bit of news, news is imminent!!! Now where did I hear that before? Imminent!!

Mankayan I believe is the only way out now. If it was announced that it was to IPO and a firm valuation was generated then bzt shares would rerate significantly.

I think this and a simultaneous announcement of Hope Licence and finance is the biggie here. I could see us at. 20p if that were to happen.

I'm underwater now, so will see how this pans out for now. but I have to say CB has delivered absolutely nothing up to now. Remember he said this was a 100M company in the making!!!!

Was that this century?

Thanks again Pricey.

Mr t

Pricey, did you attend the AGM, I know you were asking us if anyone had any questions?

Still no news I see, this licence is a fiasco imo, how long does it take? now over 12 months and counting. Remember CB told us the the Namibian Authorities were as keen as mustard to get this project up and running!!! Definition of "keen as mustard" doesnt fit the reality does it?

At this rate we will be running out of cash again with the sp close to Zero!!!!

CB really does need to update us now with some ideas of how long this delay will be? are we still in discussions with financiers or have they become bored with the whole process?

I cant remember the last time we were served with some positive news, 2020 was it???

Mr T

RNS - Update as follows:

The first phase of this process includes exhaustive laboratory test-work, testing several processing sequencing combinations, which is expected to be completed during the Q3 2023.

Based on the volumes delivered, we then expect to conduct preliminary pilot-plant testing at the joint venture's facility, which is now being assembled in Austin, Texas.

There we are, Q3, which as I say has and always will be the end of September, so 2 months to go for updates. Could be earlier, however.

Mr T

Q3 has always been September in a 12 month period, where did it mention these quarters are based on the tax system in the UK???

Mr T

sos

good points!!! sell it, but would anyone buy it?

i've noticed recently that all these small stocks involved with the so called green tech revolution actually do eff all as far as their share prices are concerned.

i have thought for some time that the ev revolution is dead in the water,

if the stocks involved in the battery ingredients required , were, say to find, gas or oil reserves, their share price would rocket!!!!

we keep finding copper and all sorts of ****e, but the market isn't interested. its the same with lithium!!!

my view is all this ev revolution will not work on a mass scale, certainly not in the uk, the infrastructure is not fit for purpose.

bzt has several major resources but if they were that precious why doesn't some major buy it!!!!

mankayan has huge resources and is described as a world class asset, why then can't they raise enough interest to float the bloody thing!!!

i liken the ev nonsense to the diesel nonsense 15 years ago in the uk, where now all you hear are claims. my diesel claims because the car manufacturers and the government lied to the public!!!!! the same i belive is happening all over again with ev's.

lets hope i'm wrong and bzt can actually move one project forward, hope being the one, remember there is also gold involved here, which would interest the market. the proof will be,if and when the licence is approved will finance be on tap, ready to go?

dont get me wrong there will be a requirement for copper and we appear to have an abundance in our portfolio, but, don't expect the market to start jumping up and down and getting excited as they woukd if it was gas or oil!!!

mr t

At 14.10 pm U/T trade of 666,666 shares!!!! what is that all about? Scary!!!

Mr T

Where?

Good rns today, but more testing and waiting I'm afraid.

No reaction from Mr Market and no rush to buy bzt shares.

Colin needs a silver bullet rns here to wake the market up and get some movement and interest, licence anyone?

AGM this week, let's see if any more news is released prior to that.

Mr T

Canary,

"It's interesting that the people who seem to hate electric cars are the ones who do not own them".

You are missing the point, the people do not not "hate" EV's, what people such as I and many millions hate is being dictated to by idiots who run the Country and suddenly come up with idiotic plans like stopping the sale of petrol and diesel cars by a date dreamt up by them with no thought as how this might happen or if indeed it can happen. It obviously will not happen, it is just politicians making statements with no thought behind them.

There is nothing wrong with a pterol car in fact with the huge reductions in emmissions over the past 10 years they are greener than an EV, a diesel is another matter, I have never been a diesel fan and predicted back in 2010 that there would be a problem following yet again an idiotic government intervention with promoting diesel vehicles, look how that went?

I tend to live and let live, there is room for all types of vehicles and people should be free to choose especialy as the one promoted by the experts and government idiots is not currently fit for purpose.

EV's will not replace petrol or in fact diesel for many decades if ever, just think about it? Lorries who do hundreds of miles daily, coaches, again the same, motorists who regulary travel 60K to 100K miles p.a? how on earth can you currently replace all of this with battery technologhy? that is without taking into account the sheer cost of buying or leasing the things in the first place.

The EV lovers are usually quite rich so can afford a Tesla etc? and also own another car!!! because they can afford this also.

Mr T

Yes, someone I know spent 120K on a Porsche EV, after 12 months it is worth. er, £53K, the person is therefore in debt by £27K on their finance arrangement as he owes £53 plus £27K!!!!

They desperately want to get rid, but can't!!!

Mr T

Boo,

I will stick with my Ice Petrol, steer well clear of a coal powered milk float!

Mr T