Member Info for prickly

If Quinny comes in at 1.35 as well we might well see off this silly sell off and get back sensible trading.

Probably more than I should . When I reread the last RNS I think it was perfectly OK given we have only been going a month. We should be looking at the direction of travel not just at where we are today. We cannot expect the operation to be fully ramped when they have only been literally scratching the surface for the first month, The Gold price is higher than it was in June and platinum very close so unless there was an error in the independent scoping sampling then all is fine and dandy. The plant will be very soon profitable as we dig deeper and wash more.

Just had confirmation that my trade went through at 1.375 . Even better.

Am gradually buying in at 1.40. Not much stock available so nothing chunky.. Never thought I would have a chance to get in at this level again. Hopefully the sellers will rue the day they got out so low.

If it is any comfort to fellow Bezant followers I shall be a buyer if the SP goes below 1.40. I calculate that at current Pt/Au ratio percentages of 73/27 our selling price is $1030 per oz extracted , . In light of current price slide it might be useful to refer back to what they said in June 26 RNS Financial modelling based on stage 1 production using a single plant operation with a plant processing rate of 1,800m3/day ("Stage 1 Production") · Comprehensive cost analysis and financial model derived the following key estimated parameters for Stage 1 Production over a 12-month operational period: - US$768 per ounce total cost of production for platinum and gold recoveries; - US$6.01/m3 (US$4.29/tonne) total average mining and processing cost; and - 0.17 grams per tonne (238mg/m3) break-even grade for combined Pt and Au. So 1800m3 per day is where they expect to be when the stage one production is ramped up and I dont think it is fair to criticise for not getting to full capacity in the first month. Nor can we expect them to achieve the 238mg/m3 grade at the higher levels.Some small investors have got their knickers twisted unnecessarily. We need to remind ourselves that these are early days and the next RNS will lead to much untwisting.

Read June 26th!

All they need to tell us is how soon we can expect to hit the target processing level of 1800m3 projected in the financial model of Jaime ne 26 RNS.

I think the subdued reaction to the RNS is down to 1, Low level production at daily 500 m3 against the scoping projection of 1800m3 (as Quindell points out) and 2. Relatively low grade material at the higher levels. However this is very early days and production will ramp up and the grade quality will increase dramatically as we dig a little deeper. After all we are now producing and selling on time as predicted . The company has delivered Another ten days and we shall have bigger and better results.

I think a lot of buys are being posted as sells still. Cannot understand why we are given incorrect info so regularly. We just have to infer from the price whether they are buys or sells . Volume is low anyway, Judging by the video posted by sniffer of Lawrence Read's video there is plenty happening right now and I expect they will break the news to we keen supporters any day now Then the volume will rocket...

Thanks for posting the video. Interesting, the site seems to be a mini hive of activity. Which must be good. Not sure about the music. Sounds like soundtrack to a sixties wild life epic. How did you get hold of it? Will there be a sequel?

I see both plat and gold are doing well at the moment with gold near 12 month high. We can feed this into the mix when the next announcement arrives in the next couple of weeks. We are due a production update and maybe the results of sampling . Perhaps next week?

He is keeping his powder dry for the 2.5 target when the warrants are exercisable. Happy to see Patinum hit the $1000.00 mark this morning.

Was away on a course all day yesterday (golf ) and missed all the excitement. When I saw the price movement I assumed there had been an announcement about production. When the RNS finally arrived, the news is of new exploration in adjoining license areas which is of course good to hear but not what I was expecting. This will hopefully lead to the increased income and ramped up production we are looking forward to. But this means we are still awaiting the news of the current production grade and analysis of new exploration potential. This double whammy should get us to our short term 2,5p target which as Randy points out will help finance current expansion, and then maybe my 10p target will not seem so distant .

Not me Randy. Happy to consider buying at 1.40 but not at above. In fact I left another take it or leave it offer at 1.40 yesterday and looks like this time the MMs have chosen to leave it! Lets hope we get the early production news soon.

It takes a great deal of averaging down to make a profit if you bought in loads at over 2.4p as I did. Finally breaking even at 1.4p. Now I expect zero sympathy from those of you were in at previous stratospheric prices and saw their holdings shredded after the Mankayan debacle. A 6p special divi is not much help if you bought in at 30p or more. I expect those who seriously lost out will be very reluctant to dive back in again especially if they hold to the Mike Catz view that averaging down killed more .... than ......... If you knew of him you will get this. Nonetheless I think BZT is precisely the sort of share which is worth averaging back into. It is now a very modest and hence achievable way of climbing back into the serious limelight if not the big time. We are basically building a mining operation on a shoestring with minimal expense and every chance of getting to 10p with a MCAP of £35m well within our grasp in a year or two. Lets hope others think this way when they get back in September .

My broker asked me (jokingly I guess) if i was thinking of mounting a take over bid. Am still working on the assumption that others will eventually wake up to this BZ being a great opportunity especially at this price. Only made one purchase this week as like Quindell i am running low on spare cash.

This was in fact a buy by me. Offered MMs a take it or leave it for 500k at 1.40 . I am still as confident as ever.

as far as iremember Ed introduced. new techniques into South African much. as. he is doing now in Columbia. His methods were novel and skepticallynreceived but now unuiverslynfollowed. Apologies for typosbut. my ipad is dying on me !

Playing around with some figures based on the recent scoping tests and allowing some comfort margin I estimate that each plant (and we have just one to start with) should produce approx 11oz of gold/plat per day and assuming $300 profit per oz we should be netting more than $20,000 per week per plant. I would hope to have something between 6-10 plants set up within a year and that could be producing $5m profit. I would like to know how many of these NZ designed plants we could reasonably expect to establish in our licence area and over what time span.. Perhaps the BOD will enlighten us shortly. Be interesting to flesh this out a little.

Have checked out JLP thanks and will put on my watch list. Probably have enough exposure to this sector at the moment but looks interesting.