Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Silver,
I little harsh, but I get your point!
The reason no small miner is very rarely bought out is, I suspect approaches at such low levels would instantly be rejected and the share price would be up ten fold with even.a whiff of such a move. There are countless bzt examples on AIM!!! It's not just us.
Important here we now keep up some news momentum and we get the licence sorted.
Funding, last raise was April 23, at 0.04p, 750k, so if we have some newsflow which is positive the sp could react and there will be an opportunity to raise funds.
The mine funding will be external finance, I suspect a JV may be on the cards also. BZT will never raise 5 _ 10 mill to build and commence operations at Hope without private equity and finance. CB has inferred many times that these talks have been ongoing, Chinese input was mentioned I believe at one point!
Mankaysn it appears is now 2024 at the earliest, maybe its time for us the sell our stake and let them get on with it!!
Mr T
I parsnip
Do you mean it will go bust or private?
Bust, can't see that as the one shining light here is and has been, they are able to raise funds easily from their Aussie mates!!!
Taken out privately. Could be, but you have to ask yourself, why? Certainly not while this ongoing tie in with ChemX is still live!!!!
I think Clon is one of hundreds of small aim miners currently out of favour!!!! Very bad times at the minute for this sector I'm afraid. It can change however, needs to as well.
Should Clon come up with some serious newsflow then the sp would fly!!
It's a case of waiting patiently for now and buy at the lows if you're brave?
Mr T
Pricey,
Good to see at least one name I recognise is still here, many appear to have either sold up or just not interested. I can't say I blame them!!!
I agree we need the licence, I also agree funding will be an issue both in the short term and long term.
Hence why CB really needs to get his act into top gear. The last thing we need here is a mind blowing dilutionary raise at these prices!!!
Mr T
Where have all the LTH dissappeared to. Surely not all sold out?
Be nice to hear their thoughts on today's news and their opinions on where we may be headed, sp, wise.
CB now needs to keep newsflow maximised and also update on our other projects.
Be nice to hear progress on a possible IPO of Mankayan. Now that really would set us alight!!!
Mr T
Fantastic results for a 3M market cap company.
Based on this we should double the sp easily today!!!!
Licence to follow plus gold estimates to follow should see us into double digits.
Well done Colin, about time though as the sp has collapsed due to the lack of news here,
Mr R
Good spot Troajan.
I like the bit where it says "Galileo Resources spiked by 750%b in 3 weeks:!!!
We live in hope?
Meanwhile this doesn't explain why we still have not been awarded the licence!!!
Its now nearly 15 months since we applied, I know we had to give additional information post our application, but, surely if the licence is to be awarded it must be close?
Mr T
DVH
I agree, but it's oh so slow, nothing happening again!!
We need some constant newsflow here,anything to garner some interest!!! Even the knockers have gone away!
CB really does need to get some news out on one or two projects and not just a snippet here and there and then nothing for months!!!
Where is that licence, how long can it take to issue a licence that allegedly the people who are issuing it are fully commited to the project!!!!
Mankayan, if there is an intention to list the asset in 24 then surely some groundwork will have been done? Why no updates?
If we are to monetise our share, are we looking at this, is anyone interested in buying it?
IDM won't as they are a private outfit and therefore will not have the funds unless they can raise them?
All very poor stuff and going nowhere currently,
Mr T
Anyone heard how the fund raise went at NextChem. The end date far as I can remember was 30 September 2023 to raise their funding,
I have tried to do some digging but so far cant find anything, it may be they haven't announced anything to the market or shareholders yet?
If they raised the said amount, was it 2 or 2.5M dollars then that will be very good news.
Mr T
As expected half year report and basically nothing to report!!! apart from another loss?
We keep hearing snippets re Eureka, but nothing happens? Why? is there a JV partner looking at this or not? if there is surely we should have had a separate RNS saying so? therefore I assume nothing is happening at Eureka?
Also why no licence, still, at Hope? how long does it take for goodness sake?
Mankayan, again the same old yarn!
I do hope CB has something up his sleeve for Q4 2023 and into 2024 on at least 3 projects to get the sp off these stupid levels, but the sector is down on it's a*** at the minute showing no sign of recovery?
You would think with all of the Green crap garbage particularly in respect of EV's the sector involving supplying raw materials for that to grow would be thriving would you not!
My take is and has been from the outset is, EV's are not the future and never will be, they're crap for the normal user!!! the infrastructure will never be in place unless Governments have billions to throw at it!! Battery tech is old tech!!! Yes there is a place for these vehicles' but certainly not on a mass scale, it will never work!!! Basically Governments talked all of this up, because they're mostly idiots, now they are all rowing back!!! absolute clowns!
The market knows? that's why, when any sniff of new oil and gas discoveries are notified they still get excited, whereas, ingredients for batteries etc are met with little enthusiasm to say the least?
The good news is that Copper and Gold will still be in demand which is what we appear to have in abundance, but, is taking an absolute age to progress anything here with the sp now nearly Zero it will take a mighty good run of news to move this up substantially in the current climate. To me Mankayan is our best hope as we have an asset that could turn into cash or a substantial uplift on the the current valuation without us having to do anything!
So get Mankayan listed in 2024 and our value could be £7-10 Mill! now that would get the sp at least back into the teens?
Mr T
Current target!! MA
Anyone with more than one brain cell knows the targets are totally illogical and will never be met unless we all start living in the dark and cold.
Dream on!!
EV's are not the future, never will be, the only way government will reduce the carbons is to force people off the road. Watch out road charging is on the way countrywide!!!
Wind will not power the UK either!!!
Be assured though the rich and the famous will not be affected, cause they won't, they never are!!!
Oh and mark my words, in a few years time, 3/4, watch out for the mass adverts "my EV claim"
We're you sold an EV between these years? If so you can claim now!!!
Al la the Diesel scam!!
Of course, governments always know best, or as we know they usually know FA!!!
Mr T
Morning
I agree old Birdy is still sounding very optimistic!!! certainly no change in his views and beliefs here which is encoraging.
Hope Gorob, it appears we have submitted what hopefully will be the final piece of the puzzle to the Authorities, so it appears the licence application has been reviewed and Bezant have been asked to provide further details which they have done. Therefore licence has to be imminent, doesn't it!!
As I say finance is the next hurdle, this appears to be still under discussion vis an SPV, which will negate dilution for the shareholders, to be honest though the way the sp is at the minute will anyone notice? I suspect the finance house will want a share of the asset for stumping up finance and may also want a share of the company! which will involve the issue of stock?
I don't mind it it results in the assets actually going into production and producing revenue, but there is a long way too go yet, although CB intimated in the past it will not take too long to bring the mine to production!
Mankayan, as we thought 2023/2024, so there should be news forthcoming as we are entering Q4 for 2023 and it wont be long before we are in 2024? therefore news within 12 months and the possibility of monetising the asset.
If al of the above comes off!! a big if as we sit here at barely .04p per share, then it will be fascinating to see how high the sp can get?
We will need a good news flow period combining Hope with Mankayan and possibly some movement at Eureka, but as we know the market moves fast when news hits but it must be ongoing, not news one day nothing for 3 months!!!!
The market, particularly AIM is currently is a poor state as CB alludes to, he is correct with that thought, so may as well wait here for this to eventually turnaround, if it does we could, I say could, be onto a winner, still!!!!
Mr t
Seems on here we have posters who you shouldn't trust! Quel surprise!!!!
We now have an individual who was in touch with Horgan, telling us all was fine and dandy on minute, the next they are selling 48M shares!!! Don't worry though they still have 48m left. I can't believe the BS posted by some. Why do we need to know? Answer we do not?
Absolute and utter rollocks, is what it is and tells you everything about some individuals!!!
Mr T
Pinnochio
Have you any evidence of the 2024 listing?
I and others assume this is the year in which this may or may not happen, but, we do not have any concrete evidence of this assumption.
Remember though CB did infer that news was imminent at Mankayan!!! At the recent AGM I believe.
So, come on CB out with it please ASAP, let's get the sp back to DD at least
Mr at
aha, mannan
perhaps you could get the ramper crew summoned over here at bzt!!!
i will take anything to get this sp of its ****!!!
this should be above where it is but as always aim is news driven, so we need plenty?
q4 could be our time, we'll over 12 months since the licence application so must be news soon, also mankayan could be planning an ipo in 2024!!!!
need to look on the brightside!!!!
mr t
Boro,
My take as well , and as I said yesterday, maybe, just maybe that licence is imminent.
Once the licence and resource is updated finance will be the next hurdle. Now CB has been on this for c18 months, therefore I'm hoping finance will be announced as well.
Depending on the terms will then determine our sp. Lets face it currently bzt is valued at Nil!!!!
We will see a substantial rise in the sp if all falls into place.
Mr T
Market not interested in Manganese.
Not really interested in lithium or copper either. As most of us with more than 2 brain cells to rub together know, the EV revolution will not happen. Battery powered vehicles are not the future, Its old tech that's being recycled by governments of the world. because they're all thick. The trouble is, they think we are too!!!!.
Copper is required for all sorts of things so once we get some serious news on the Hope project the market may react favourably.
Mankayan is still the main driver here, but news and updates are needed urgently?
Mr at