Member Info for prickly

Martyn Churchouse is unhappy with his company's SP. What Aim miner isn't ? Nonetheless His J/V with Jubilee Metals should allow him to monetise some of their assets a little earlier than BZT . This may account for the disconnect between the two SPs after the RNS.... We are are only involved in the hard rock mining which will follow on from the tailings and dumps extraction. That said we get the lions share of revenue from our involvement in the Troulli project and any subsequent mine we take on. So (anti CB posters aside) we have everything to look forward to in Cyprus as we continue to prove up Troulli . Martyn seems a reliable partner for BZT. CB has chosen well.

"So we are certainly very pleased with the turnaround in our company's fortunes and are excited by its future prospects. I would like briefly to pay tribute to our CEO, Matt Lofgran, who joined us almost exactly one year ago. It is thanks to his vision, careful cost management and sheer hard work that Nostra Terra is now debt-free, cash flow positive, and has funds available for further selective acquisitions. " Came across this nugget in jan 2011. The much denigrated ML was very popular then. I

Thank you Conman94. I do try to focus on the here and now and your points are the key ones ...." is producing cash. It's about to add more production via it's F2 well. It's drilling more wells in the Permian which by the way have a bigger WI = more % of the BOPD."
I only tend to block bitter ex holders as I fail to see how they can be of any real interest to these BB's. They just linger like an unpleasant odour . I am happy to listen to current holders even if they sometimes seem to to be arguing against their interests. I , like everybody who invests on AIM, have had my fair share of disasters 100% wipe outs and a few 95% losses and of course some premature sell outs. Once out of a share I tend to blot them from memory but it is difficult sometimes. I had 40,000 USD in Apple in 2003 and sold out at a handsome 50% profit . I dread to think what they would be worth now. I am sure we all have similar tales. Back to NTOG there is obvious dissatisfaction with some of the LTHs but circumstances have realigned and these small producers should have a bright future.

And PS I like to attend AGMs as I live in London and it is a very good opportunity to grill the directors... Hopefully will meet some of the posters in July.

Thank you just be I am trying to do some research here . My normal approach is to read up the RNS's and check in to the BB. Apart from press and word of mouth etc.
This BB is so full of negativity that it makes it difficult to decipher. I will filter Steeltitan as he is offensive and offers very little other than insults. But will listen to anybody else who has an informed view albeit based on bitter experience. I note the company claims to be cash flow positive . It has net proved reserves of over 1 million barrels .( Not inc Fouke 2) I presume these are all in safe jurisdictions and it projects a net income of $15m . It has a Mcap of £3m. I note your point about Tunisia and will spend some time looking at the directors histories. I understood the overdraft was around 2m and the facility is increasing by 50%. I do not have a massive holding here around 170k but enough to keep me interested.

Thank you WeylandYutani and Steel titan (or should I call you Tit)
Are you currently holding shares in this company. I am inclined to pay more attention to holders than someone who has sold out at a loss?

This BB has to be the most negative that I have come across recently. All news is dismissed in insulting negative style by the two key posters.
I am used to a a more informed and rational discussion and learn nothing here. Todays news seemed quite positive but I like to hear other more informed views before i give my two pennith. No such luck.

Mr T and Millsy Just to confirm the share ownership structure .
David Lyall Cornell is the chief shareholder ( with 100 shares) in IDM Mankayan venture. Only other shareholders mentioned are BZT (44) and and Mankayan Management pty (16) shares.... Total 160 issued and BZT has 27.5% of them as already made known. Registered in WA ACN 652 618 758.

RMC2407
I dont think we LTHs see BZT as a religion but you do develop a slight emotional attachment when you have been through a lot of ups and downs over the years. I genuinely think we have a good prospects now and the next 12 months should show great progress which will eventually translate into a much improved SP. You are right the SP hardly reflects this atm. This is a disappointment but we cannot blame the Chairman . When he took over from the hapless LR Mankayan had been written off and we were embroiled in a losing battle with shady local Columbian outfits fighting for our share of a flooding Columbian pit, mining platinum. We lost our shirt in Columbia and were in grave danger of going bust. The long slow haul back to profitabilty was started in 2018. When CB basically saved the company . 4 years later we are nearly there yet as three of our six projects look very promising and yesterdays news of Manganese in Botswana might make that four. Any one of the four could easily justify a trebling of the current Mcap so you can understand why we are keeping the faith.

There's a difference between patience and blind faith" . There certainly is, we can all agree with this but to suggest that the licence renewal on Mankayan is underwhelming... well you cannot be serious as the great tennis player used to say. This renewal could add many tens of millions of $$$s to our Mcap . Ronnie Siapno (BZT director) and IDM have put a great deal of time and expense into securing this renewal and we stand to reap the rewards of a tier one project in an increasingly favourable jurisdiction . It may not be Nevada but it is a very well established mining area with some friendly experienced and wealthy neighbours as News has kindly pointed out.

Quite a narrow spread today which is good to see. At least on my Halifax platform.
I would like to know who the team behind IDM is . Have we been given any info on their background?

Rcyjj says we have too many ifs and we should concentrate on what is attainable.
That may have been true a few months ago but recent events have decidedly moved the possibles into the probables with two and possibly three major projects. I think that a rerate is probable once the market appreciates the huge strides we have made in the last six months. Yesterday,s licence renewal was massive. The cyprus assays suggest we have the first of several economic mines lined up. Plus CB could hardly contain his excitement about Hope Gorob. There is much to look forward to in our little company.

I think the impact of the license renewal will be shown when the IDM Mankayan ASX listing is announced . This will will show the value of our asset in hard cash terms . It will happen and hopefully quite soon.

CB said at the AGM and confirmed in Jan RNS that he prefers to pay consultants and for services rendered to BZT in shares as far as possible as this conserves cash flow. This keeps them interested in the company but they will need to collect their wages in due course.

Thanks Andy for the podcast. It is difficult to resist buying into AFP given its connections. However the Roast team do a good job in persuading us why all of CB's stable are poised to explode.

Very little action but as far as I can see all (bar one small sell ) were buys. I bought 850k at .1625 . Find it difficult to resist when it goes below .17. Overall volume is tiny.

I agree cboney it does seem a bit fanciful to discuss earnestly whether we should accept 25p or 37p or whatever when we are stuck in the 5's. Especially with the 10/1 chance of us disappearing into a puff of smoke. But hope springs eternal and we obviously all think we are right and the market is wrong. Well we are right are n't we? Stupid market. Clever us . In a years time we shall see.

https://www.bloomberg.com/news/videos/2022-03-09/goldman-s-currie-expects-50-rise-in-copper-prices-video?cmpid%3D=socialflow-twitter-markets&utm_content=markets&utm_source=twitter&utm_campaign=socialflow-organic&utm_medium=social
Copied from XTR board .Explains commodities price merely reflects current position not future demand.

My old man who used to fly transport planes during the war, told me that life was fairly quiet and OK until suddenly you were caught in the sights of the air defence beams from the anti aircraft lights. All of a sudden all hell was let loose as he struggled to avoid them.
Sometimes feel Aim shares are like this.

Listen I am no oil expert but the geopolitics suggest to me that we are going to need oil for the foreseeable above and beyond this current maelstrom. NTOG have decent licences and production which should be ramped up (Fouke 2 etc) this year to bring in revenues of $6-7m a year if we stick above $100 oil price . Top notch jurisdiction and reasonable management and very low mcap . Plus it is cash flow positive. What more do you want?