Member Info for MrTriumph

Smiler,
Thanks for the update.
Incidentally how is your 10p target coming along over at UFO, looking at the share price it appears it is working its way back to .010p rather than your target!!!
Never mind eh, chin up and all that.
Lets see who is in production first shall we?

Mr T

DVH,
small buys being the problem and little volume! although any sign of small or other Sells then the price dips.

We need sustained news here and more interest, the rising copper price will help, but news is required. What's happening in Cyprus, after a raft of newsflow, incidentally this did nothing fo the sp apart from drop it!! it gone very quiet. Either some big news in the pipeline, or a delay? Take your pick.
Mr t

DVH
I have made the same comment previously, I get the feeling this is now bubbling under awaiting a spark , which can't be far away.
Copper on the march, we have to mirror this with the prospect of two mines up and running next year. Cb thinks do!!!
Mr T

https://twitter.com/TheSaintCharts/status/1557816947177316352?t=sWiuEnNUyzJUtSxxemsQmQ&s=19
So theory was copper price big fall bzt big fall does that mean, copper price big rise, bzt big rise?
DHYB!!
Mr t

More warrants issued at a cheapo price, money in the kitty!! and someone keen to get hold of the stock!!!

Mr T

at 0.09p I assume?

I think the market is looking for some buying here, indeed, if there were some significant buying I believe this would shoot up!!!

Mr T

Morning,
Doing some research it appears that protests in the Phillipines against many mining operations are a common event!!
Therefore as I suggested these protests occur worldwide and will do so for evermore, I conclude there is nothing to be concerned about here especially as we do not own the asset, only a percentage.
I am more concerned regarding the RNS this week not having any affect on our share price, expected though this was, still very disappointing!
Mr T

It's strange that none of this was flagged prior to the renewal of the licence, although it did take a long while to review. I suspect its an ongoing protest by a very small band of locals, as I say it always happens everywhere in the world. I was involved with a gas storage project in the UK, protestors attempted and suceeded in blocking that and in the end due to the UK idiocy with net zero the project never took off, certainly something that's now haunting the UK°°°, with prices of imported gas etc!! In fact there is talk of reopening our rough storage facility!!!
As Pricey says the IPO won't happen until late 2022 or 2023 in any case due to lack of finance available on the ASX, so fairly irrelevant at the moment. I'm sure if or when an IPO happens then the positivity surrounding this project for the locals with jobs etc will outweigh any small protests CB intimated that some infrastructure projects may be needed to be funded by IDM to open the mine to ease any foreseeable problems from the local community.
Maybe Prickly can raise this at the AGM?
Mr T

Mmm, from 16 July !!!! A wind up by the looks of it, maybe if the article made sense and the author could spell I would take note.
There are protestors everywhere any mining operations are present, if anywhere near true, good news for us though, they are drilling!!!
Mr T

DV
The sad thing is, he is a holder!!!!

Mr T

DVH,
Yes good news, however, I don’t think you can use the basis of a constantly changing copper price for whether or not you will go ahead or you won’t. If the mine is viable, it will be so at whatever the price is at any particular time and price will be built into any plans going forward, ie low end and high end.
The only drawback I see with low copper prices is financing, some may feel now is not the right time to commit, however if the mine is truly viable then I don’t really see an issue. Once up and running and variables in the copper price will be absorbed in the budgets, we know for sure the price will go up but we also know the price can and will be volatile.
Then we have the gold to consider?
We need a bit of luck now, something we have been lacking, to move this forward as I say financing is now key, once sorted and announced the sp will not be trading at these lows.
CB was bullish in that interview imo, inferring he wouldn’t sell for 7x the current m/cap, that was a very bold statement indeed. I wonder though if a major came out of the woodwork with an offer in that ballpark, would he really turn it down?

Mr T

Anyone know what's with all those small trades this afternoon on the ask, 0.12p?.
Is this a precursor to a rise??
This has to rise sure as eggs are eggs get in now before it does is my advice.
Mr T

Wouldnt sell it for 7 x todays price!!! that equates to 0.70 in my book, m/cap of roughly 35M, remember this is just one asset in our portfolio!!!!
Come on Mr Market wake up ffs, and lets have some upward movement please. This doesnt have to be based on trading, eithe,r buying or selling, this can be based on market indicative value ie markets can place these values on a stock and watch it trade at that price!! Jesus!. I presume as is with most things in the UK no one has the brains to actually work that out!!! has to be spoon fed to them!
Mr T

DVH,
M/Cap not even 6M currently!!! which is extraordinary when you take into account we have the prospect of two inexpensive copper producing mines up and running next year!! oh and we can throw in a little Gold as well at least for Hope!!!
Once any news of financing appears then this will take off as nothing is currently priced in here, I suspect the m/cap only equals the cost of the projects with no added uplift for increasing the prospect to mine these assets, unbelievable really but asv we know the market operates in mysterious ways. Financing is therefore the key here for Hope! get that sorted and these prices will be history. Remember this is only one asset? we have multiple!

Mr T

As I suggested RNS in respect of Hope has landed, again as has been suggested pretty good stuff.

Certainly now looks as if this mine is a goer!! now we await the agreement to the licence applications, CB indicated these should be a shoe in so no worries there.
The sp shopuls easliy double from here in normal times! as we know these are not normal, the market will now be watching for the financing plan to be announced which is now key.
Overall very satisfied with this project, however I like everyone else is far from satisfied with our silly sp!!.

Mr T

Spread still silly and possibly putting people off buying here, although I don't expect any concrete news now until September after the AGM. May get the Hope drill results pre AGM as a sweetner ! but main raft of news will be Q3 imo.

From RNS 14 June
Colin Bird, Executive Chairman of Bezant, commented: "We are very pleased with these results in that all previous narratives and testing of the deposit neglected the first 150m from surface, based on the assumption that the deposit was either absent or in oxide form, which in the 1970s was very difficult to treat. Our prognosis was that the historic assumption overlooked a potentially significant near-surface resource, and we therefore entered into the recent test programme. The results attained to date are very pleasing and have put a completely new perspective on the Hope and Gorob complex. Whilst we have yet to receive assay results from Hope, visual indication suggests a similar situation exists at Hope. In addition to copper, gold assay results from our drilling suggests that an associated or possibly disassociated gold system also exists at Gorob.

We feel that Hope and Gorob is going to be a major addition to the Bezant portfolio and the potential for a large copper/gold system certainly exists."

Assay results have been returned for Gorob and those for the other prospects are expected over the next few weeks. A further potential 3km of strike length has been identified that warrants drilling based on outcrop mapping and both pitting and trenching undertaken by previous explorers.


Mr T

Recovered at the end of the day, should have ended blue imo!!!
Ah well at least some volume today, one plus point, second plus point you could have topped up below 0.10p, thank you Mr Market!
Now lets reverse this and start the climb back to 0.20p where we should already be.
Remember the plans still include:
Hope Gorob mine to be up and running 2023
More results to come from Hope
Cyprus mine to be up and running in 2023, although things have certainly gone quiet over at Caerus!
Mining licences applications to be delivered for acceptance, hopefully, 2 of them!
Mankayan, anything could happen, suspect not until later on in 2022 early 2023
All of the above reliant on a strong Copper price rebound, which I believe is imminent.
No cash worries for at least 12 months!
What's not to like?
Mr t

Prickly,

Could you arrange for OilAnalyst to ask to join the BAG group please, see comments below!

Mr T

Oil
You will need to message Prickly, he will hopefully sort for you.

Mr T

Oil
No I'm afraid not.

If you are a genuine shareholder you can ask to join the group, then you will have access to all the notes.
Basically these are a general catch up, remember nothing that isn't already in the market can be discussed, this particular call was more a reassurance that everything was indeed on track albeit we are still awaiting several pieces of news.
CB was very disappointed with the copper price and agreed it was at a false low, I believe this is one of the major causes of the slippage in the sp as it is with all similar miners.
CB thinks the copper price will recover in the Autumn, so if it recovers earlier this will be a bonus, a small recovery looks like it is underway. The copper price underpins our projects therefore we need it back to where it was and higher would be even better.
CB is not overly concerned about the recent loan drawdown as its 12 months until it has to be repaid as as he has intimated before, he believes we will be at a much higher m/cap with the potential mines in the pipeline.
These things are market driven and currently the market is against us! but it will turn eventually. So sit back and relax is my view at the minute, lets see where we are in the Autumn.
Mr T