Member Info for prickly

Thanks CM. There are always the unhappy sort who having lost feel the need to hang on and jeer. I understand the temptation and have been close to doing same but it is not a very good way of passing the time. Best to sell up and clear off or average down and hope things improve. Personally I have had several 95% losses and even some 100% ers . I look forward to watching progress here and contributing occasionally if I have anything useful to add.

Bought in today. That's my buy at 10.59 with 1713637 . I must say some of the childish chatter on this BB nearly put me off.
Like everybody bar one I hope this war can be concluded soon but I think oil will hover around 100 usd for some time and NTOG should make some serious money at this level.

Notes not distributed yet Mr T . Give Pricey a day or two ....it takes hours to go through the notes and knock em into shape. Our chairman always has lots to say and we do not want to sell you short.
I will personally forward to those such as CE who have had trouble receiving .

CE Apologies if you have dropped off. Would you mind sending me your email once again and I shall forward it to circulation guru . You of all people . Well you have a direct line to CB anyway. CB has great plans for BZT as you know and he gave us quite a clear view of where he wants us to be in a years time. He is ever the optimist but he has certainly been proved right about copper prices and demand so hopefully his projections for BZT can be realised.

Hi All
The address to apply to join BAG ...... Open to all holders of BZT shares. Please write in with details of your holding and we shall get you on the circulation list. . We do not post details of the meeting on the BB as Colin prefers to talk directly to shareholders . If you re seriously considering investing we can also include you for a while as we obviously want to encourage as wider shareholder base as possible.

We had 90 mins with Colin Bird yesterday . CB is recovering from Covid and was very generous with his time .
Colin was very pleased with general progress . His recent trip ( 2 weeks ago) to Namibia was particularly interesting
Details will be circulated shortly once Pricey has waded through the notes and put together his resume. We are all very grateful to CB for his time and Pricey for the painstaking compilation

Until Putin and his greedy oligarch cronies are kicked out, Russia will be uninvestable and small mining caps operating in safe jurisdictions will benefit . You did well to get out of POG in time 1N. There is talk of nationalising western owned or western registered companies and we know how that works in Russia. Starts with a tax investigation and ends up with the company being dismembered and assets shared out amongst his fellow klepto's

Yes IN, hopefully another BAG meeting this coming week. If CB can accommodate us. He usually does.

My primary intention was not to denigrate EUA which I see has has recovered well today. It was to stress how relatively safely positioned our BZT assets are. I got a bit caught up by my dodging missile metaphor and forgot to mention this. most of our assets are in countries mercifully free from Kalashnikovs.

Thanks Andy I will listen later.
I once posted on EUA as I was thinking of investing and was enquiring how the other posters perceived the political risk of dealing in Russia, Most ridiculed me but I had read Bill Browders book Red October about how Hermitage capital was stripped of its assets and I decided against investing. Very glad I did, Dodged a bloomin missile there!

Actually haven 't been to Bognor for 30 years. Was it not King George's famous last words , Buggar Bognor when recommended a recuperative trip to Bognor.
anyway have bought another 1.5 m. at 13.54 @ .1800 Can see no trace of the buy although there is a 1.5m sell @1799. Buy on weakness as they say. Those that accuse me of ramping cannot say i do not put my money where my mouth is. My ambition is one day to own as many as the great Caveat Emptor who has not posted here for a while.

I have been looking around for some other junior miner to invest in and have come to the conclusion that despite already owning more than I should, I have bought another million here. Cannot see anywhere with more potential for multibagging . The prospect of owning two small producing copper mines within 18months is too tempting , Income projected of $60m and a MCAP of 9m quid is a mismatch. I am aware that every every investor in junior miners on AIM is convinced his company is undervalued but there is often a heavy political risk. Governments falling, civil wars and nasty Russian mercenaries moving in. Parts of Africa seem to be going backwards . But we are talking about Cyprus and Namibia. Namibia is ten times the size of Scotland and has half the population and not a jihadist for 2000 miles . Cyprus is as safe as Bognor and a lot more potential. We are within touching distance of production in Cyprus .Troulli is already there, set up and many other mines are equally manageable . What' s not to like about our little company?

Well I have bought another million today so this might help. I suspect we will get more interest again when the February update arrives. Anything below .20 will seem cheap soon(I hope).

Hi All
The next BAG meeting is scheduled for the end of Feb. Hopefully we will get an RNS update beforehand but if not BAG notes will be the next best thing.

Having lost 90% of my investment I finally sold up at 9p. Now LR has gone I will be following EUZ again and might well reinvest as a bottom fishing exercise. Sadly under LR there was another bottom under every bottom . Hope this does not sound too vulgar but LTH's will get my drift . I don't see what he added to the business and nor did Colin Bird who eased him out of BZT.

Hi Mr T
Yes we are due a BAG meeting soon. I am away next week at NEC but will try for a mid Feb appointment with our chairman if OK with other two members. As ever we are reliant on CB making time available. Licence renewal is outside BZT control as you know but news on Cyprus and Gorob should be forthcoming hopefully via an RNS this month anyway.
BZT SP is inching slowly upwards as folks begin to appreciate the achievability of CBs plans for our little company .

Hi Smiller
I see you are a fairly active poster on UFO (where i also have a holding and recent assays were great!)
News is expected this month re our JV at Caerus where we are finalising plans to reopen Troulli . This is the first of many small copper mines BZT/Caerus is hoping to reinstate in Cyprus. There were 27 abandoned at the time of partition (1974) but not depleted . Prospects there are very promising . News of progress on this project and Hope Gorob were promised for Feb I think. So keep watching. this space.

Good stuff Mr T and Dvh tks. I agree we should see strong progress on the three fronts, Cyprus Namibia and Manakayan.
I think CB mentioned in his podcast that he was off to Namibia this week so that bodes well for Hope Gorob.
I wonder if the reason we have not made more headway on the Sp is the overhang of Aug 2020 warrants at .16. Ragnar mentions this and I hope they are hoovered up this year with good newsflow.
Incidentally the Mansion in North London that I once referred to in relation to BZT MCap now costs around 15m in Hampstead so collectively we need around .28 to get there. Sadly I calculate that I need BZT to hit 30p before I can buy one for myself! But what would I do with 10 bedrooms . Maybe run a guest house...

You are doing a great job Mr T as the unofficial guardian and caretaker of the BZT BB. IK is a strange one. I have no problem with investors discussing their feelings here but I do think we should be open and not misleading as he certainly was at times.
After listening to CB yesterday I think this was as optimistic as he has ever been. He now seems focussed on getting Troulli and Gorob into production as soon as possible. Both mines to produce around 8-10k tonnes of CU at $9k, per year with a margin of 40% yielding around $50-60 m USD p.a profit. The route to mining looks fairly clear now and Martyn Churchouse seems very determined at Caerus.
Of course we have the little matter of funding the Capex, and figures such as $10m per mine which have been mooted. We have discussed project finance before and CB is confident that most can be raised by a combination of royalty streaming deals with companies like Empress and with financial backers that he knows in Switzerland and Middle east. His point is that funding gets a lot easier when you can present a clear and speedy path to production which we can now do or will do shortly. All the exploration is already funded. and Jubilee are going to deal with the processing plant costs. So talk of a multi bagger here are not necessarily misplaced. At least I hope not. We long termers deserve a break. I hope that what looks fairly straightforward now will become blindingly obvious in a years time .

MR T. we may not own the cow but we are getting most of the milk. Caerus get their costs back early but then bzt in return gets to receive 80% of the revenue.