Member Info for MrTriumph

"iv) on the Eureka project in Argentina to maintain licence holding costs and to continue dialogue with third parties interested in acquiring or earning into the project"
This paragraph grabbed my attention from last week's RNS? its the first I had heard that something was moving in Argentina?
Anyone got any information or care to comment on what parties may or may not be involved?
Mr T

Smiler,
Thanks for the update.
In that case I see bzt generating income long before UFO!!!
Better change strategy me thinks, all in here?

Mr T

Smiler,
How's UFO coming along, any sign of the 10p yet!!!!

Mr T

Pricey
Good to see some "old timers" still here!!!
I agree it's all based on Hope!!!!
Thing is though. CB is constantly bandying around valuations of 100 Mill plus!!!!! for bzt.
That is his forecasts following us being producers at Hope and earning income!!
For me that is for the fairies, I will be happy with 40/50 as a target.
The initial spike in the sp following the ducks falling into place may be shortlived, so anyone wanting to take some profits will have to be careful as and when they do so.
The sp will only keep on going up if we have a news driven period, whereby news is dropped weekly, if all positive then we may go on a run. With Copper in short supply and a bull market for it being forecast this will help.
I can't help thinking that a sale of Mankayan is our better Hope !!!!!of a decent rise here or indeed something awakening at Eureka!!!
CB insists he is working daily here fir shareholder, up to now he has decimated the sp, it can only now get better, fingers crossed.
Mr T

Nice to see some positivity here for a change.
Mind, with the sp on its **** I can understand why some will buy in, cant fall much lower unless some unforseen disaster strikes!!!
Namibia is the main focus here as EkXoc say's mining licence approval should be a formality as we were told long ago that Namibia and it's government were fully behind this project. Now I have heard there has been some changes at government level and this is why there is a hold up, I think all applications were being reviewed by the new people "in charge", so hopefully we should hear something very soon.
Mankayan, we hold circa 26.6% of the asset, the current owners an Australian outfit are looking at an IPO on the Australian stockmarket, or alternatively a trade sale at some point.
Eureka is intersting, this was mentioned in the recent call with CB, which was unusual, as nothing appeared to be happening over there in Agentina with this asset! maybe we may get some movement on this at some stage.
Mr T

Trying to deter buyers????
Watch for a bounce later today imo!
Interesting point regarding Sasanoff, although Western Gas are pushing ahead with their other gas/oil play in Australia? you never know!!
Mr T

"Further funding maybe needed possibly but not right away. They have to just raised £1.3 million. CHMX are currently raising $2.5 million as I have shown before"
Lostsoul again on the button here, funds raised only 2 months back, so I would anticipate further funding will be at a much higher sp than that one. Once the trials are proven, a formality imo, then funding will be required to move the plans forward and quickly.
I wouldnt want to see another funding round at much below .25p, this will reuce the number of shares being issued to raise cash and reduce dilution for existing holders.
They may also want to raise for Sassanoff, further drilling campaign will be coming along shortly imo, possibly June/July this year, again hopefully the sp will be well above today's price reducing further dilution.
Steady as she goes for now, lets see if we can reach at least 0.20p by the end of the week??

Mr T

Silver,
Point taken regarding cost etc. However are you forgetting to add the costs we have put into Hope!!! Must be a few million!!!
So yes, the asset can return millions!!
It will need further spends however which all adds to the value of the asset as long as it eventually generates income.
Mr T

Shareholder,
The licence is imminent, the phrase. overdue could be used.
I have been informed that we are working on the basis the licence is a certainty. Problems with government officials in Namibia has delayed licence approvals across the board, not just bzt. There is a backlog, but any day now we should have the answer.
Mr T

Prickly,
Good to hear you're still here and you're adding!! Brave!! If nothing else.
I remain a firm holder here, despite the set back this week I still think bzt is a good bet and gamble.
Plenty of small aim stocks are finding it tough at the minute especially in respect of funding. I take comfort that we are funded, the annual accounts can be signed off, I suspect part of the funding was revolving around the Auditors and going concern. Therefore now they will sign off the audit report and there will be no issues regarding going concern.
Now although the sp dropped to circa 0.04 I believe it will recover quickly, so now we look forward to the licence, possible news at Mank, I also note CB referenced Eureka!! I found that very interesting!!
I hope CB is true to his word and financing HG will be sorted very soon after the licence approval. I expect the sp to be way higher then, perhaps heading into the 0.20's and beyond!!!
You gotta stay positive!!
Clon going well too, that could be huge!
Good weekend
Mr T

Kod has 17 billion shares in issue!!!
We have many billions less!!!
Big rise coming here.
Mr T

"Either funding/placing price has been leaked"
Do you know we raised 1.3M only a couple of months ago? Why the need for funding?
There will be more funding required but that is in the future once more news of the JV is released.
We may need funding to progress Sassanoff, but that is a different issue?
So unless you have inside information I don't really see why this issue has been touched upon!!
Mr T

Troajan,
Everyone is down there mate. I didn't think it would fall below 0.10!!
I'm more confident here at the minute as I believe Clon has some serious assets.
Mr T

Prickly is the same poster who posts here and is a very big supporter of bzt.
I think he refers to the fact that CB is failing to deliver in certain areas and in particular here, he is as disappointed as all genuine holders.
I assume he still holds huge amounts here but currently is too disappointed to post much so is staying quiet.
Mr T

Smiler,
Easy to do when you have just one share!!!lol

Don't write this off just yet, it's time for a change in fortune here me thinks!!!

Mr T

Troajan,
Yes Mr Bird has upset holders over at bzt, but I'm holding for copper and gold!!!
It's a bargain where it is!!
Cracking day here I see, much more to come imo

Thanks Lost Soul for all your input here. Very very interesting.
Mr T

Cardo, sorry its not for me to do that.
It would need to come from one of individuals involved in the calls. I and others just get the notes following these calls.
All I can say is that CB was quizzed on why the delays, but, it is out of his control.
He said the loan would be renegotiated so it won't have to be repaid immediately. Also stated there were ongoing discussions surrounding Eureka, and Mankayan news could be released at any time either sn IPO or trade sale.
So we are fully funded for now.
Just got to sit and wait now. The sp is on the floor so only one way from here!!!
Mr T

Smiler
Yesterday you referenced us "shareholders" in one of your posts which inferred you were one!!
Now we know you hold at least one share dont we from past discussions.
Question is then, why are you indicating sub.04p and I assume you think it possible!!!
Why on earth talk down a share you hold?
Sorry I don't understand!!!
Help me!
Mr T

Smiler
About as good as you're 10p!!
Let's see where we are once licences are in place and funding is announced!!
Hold on
Mr T

Apparently this loan will be renegotiated when the term is up
The loan was made by one of the largest shareholders who continue to support the company through to production and income from Hope Gorob.
At least some good news!!! Not much though
Notes released today confirming the licence should be awarded very soon. CB is talking to financiers to raise the capital to get the mine built and up and running. I know we have heard it all before, but I certainly would not sell now, pointless, wait for the update.
Mr T