Member Info for prickly

BZT desperately needs more investors to get involved in H& G project.

If we are to break out of the grip of a few sellers we need a firm body of buyers who can see the opportunities here. Like all LTH's I am fed up with the constant issuing of shares to pay relatively insignificant fees to consultancies and the like. These individuals have no long term interests in BZT and quicky trade in their shares for cash. This exerts a disproportionate downward pressure on the SP. I have asked CB to refrain from this time wasting expensive method of paying people and in future we can tap our funds in BSX for petty cash . BSX clearly understands how to keep their shareholders happy BTW

None of these tiny fund raisings would matter if the SP were riding high but it is isn't.

I am trying to expand interest by posting on Reddit and Hot Copper as I think anyone investing now will do very well in the short term. CB in turn needs to supply us with some updates pronto and we can get this show on the road.

Https://hotcopper.com.au/threads/bzt-bezant-resources-%E2%80%93-undervalued-and-strong-upside-potential.8592734/

This is the link to the hot copper posting made last night.. A widely read forum so hopefully will attract interest.

We need to point out to our Aussie mates on the ASX that every dollar spent by on BZT buys them one dollar 30 of BSX plus they get Hope Gorob for free

Eastern ... Not sure what you mean by final license. We already possess the the essential licenses.

I imagine you are considering the myriad of permits from road authorities, local police, tax registrations, labour dept issues and tribal chiefs.. I appreciate this is a complex landscape but we have the all important local governor's support and with the politcal will we should make rapid progress. They are keen on the employment opportunities this project offers.

CB has said that it would be a better use of resources to use some BSX sales proceeds to progress Hope & Gorob, than to borrow at 12% or further dilution.

I am hoping for many developments soon as the various loose ends are tied up.

My view is both you and Irish will be happy investors by the time of the AGM later this summer as you say " Time will be very soon indeed".

Yes Cyber, it will give us options to avoid dilution and expensive debt,

I agree with Goliath and this SP looks excellent value to me. Ongombo prospects are good and there is definite synergy with BZT to develop along with Hope Gorob. Am very happy to buy in at below £2m Mcap.

Key Milestone Achieved in Blackstone–IDM Merger Process

We’re pleased to share a major development in Blackstone Minerals Limited’s proposed merger with IDM International Limited.

Following our announcement on 6 February 2025 regarding the binding scheme implementation deed to acquire 100% of IDM, we can now confirm that:

✅ The Scheme Booklet has been officially registered by the Australian Securities and Investments Commission (ASIC).

This follows a successful first court hearing and marks a critical milestone in advancing the merger process.

Why this is important:

The registration of the Scheme Booklet substantially derisks the transaction, ensuring that the process can now proceed to shareholder consideration. It affirms regulatory confidence in the structure of the deal and supports our path toward completing the acquisition of IDM and its world-class Mankayan Copper-Gold Project in the Philippines.

We remain focused on delivering transformational value through this merger and look forward to the next steps in the process, including the upcoming shareholder meetings and final court approvals.

Silverknight

A jewish stockbroker I used to know Michael Katz (now dead) used to say that averaging down killed more Jews than Auschwitz.

Catching falling knives can be dangerous I know but in this case I hope it will be lucrative and yes you have to be optimistic too.

Mr T

My son was highly amused to see that I am accused of being a lefty woke sort of individual.

RMC... You were probably also in Aquarius Platinum. This was even more successful that Sylvania I think. The common factor was Ed Nealon the founder of both. Ed is the reason I originally invested in BZT, if you remember the platinum mine in Colombia , El Choco was his baby and we all had great hopes for this venture. ( I even played golf with Ed in the Philipines around this time) Sadly this project failed to take off and ED resigned but I decided to hang on. The painful era of Lawrence followed until CB came to rescue us, or so we thought. However CB then presided over an equally painful decline of the SPs in most of his companies especially BZT and it is only by furious averaging down that I have managed to stay afloat. CB was right about copper though , we have to give him that. The advantage new investors in BZT have is that they can jump in at a severely bombed out price. And they should not have to wait long for it to take off..

Anyway the market scepticism as you point out is well founded and is now holding us back, as a company with a less chequered history would now be flying given its prospects. I had thought that a strong copper price and our approved licences should be enough to launch this share but now I think we may have to wait until the first truck load of concentrate is sold. Then the scales will be lifted. I do however think this moment should not be far way and BZT will suddenly become very popular. Just like the two platinum beauties of the 90's

Nodinero There is little point in arguing the current merits of this share with some of the negative opinions from Mr T and other critics.

I have made and lost a lot of money on mining companies some of which like Sylvania Platinum multibagged and others disappeared without trace and I have forgotten their names!. I have also invested heavily in non quoted private companies with similar mixed results. So I need no lessons in how volatile the mining miners can be. I prefer just look at the what is happening lately.

So please ignore the Trump like condescending assertions on this BB (apparently Mr T's hero and namesake?} and concentrate on the many positive developments of the past year. Namely:

The mining license was awarded in autumn 2024. There was much derision that this would never happen. Followed on later by the ECC license in April. This involved 400 pages in the application! Again this was preceded by much mockery that this was taking forever and BOD were at fault. The recent ore sorting RNS which revealed hugely encouraging news about the predominance of high yielding copper sulphides near surface and the benefit this has on profitability. Then of course the announcement of the merger of IDM and BSX and the exposure this gave Manakayan on the ASX. Not to mention the more than doubling of the BSX share price since.

And finally not forgetting the continuing buoyancy of the copper price and the introduction of some fresh backing from serious private investors. These are the reasons why I have decided to concentrate my CB assets into BZT and I expect it to increase substantially in the near term.

Mr T

I think I preferred you when you were more positive about BZT.

You cannot possibly know that "this mine has zero chance of being built in 2025". So why claim it unless you want to depress the price.

Also,once the IDM Mankayan deal is concluded next month there will probably be an announcement . Who is keeping you in the dark btw.? There have been plenty of announcements about this from various sources.

I have just spoken to CB. He rang me whilst he was waiting to see a govt official in Namibia. He is working flat out to get this mine into production. He reminded me that no mining operation is simple even ones as cut and dried as the open pits planned at H& G. He also reminded me how the Nomads are clamping down on companies issuing forward looking statements. He sounded very confident. We will get all the news we need in due course. Why don't you stop whingeing for a while....

Https://www.youtube.com/watch?v=h9MSUgZDGVA

Between 35-48 mins CB explains simply what are plans at H&G are and how soon they can be realized. As Dropkick has neatly paraphrased for our new poster below. Any new investor should listen to this before investing .

CB makes a very compelling case at this SP for anybody who wants to get involved at the ground floor.

CB has always explained H& G will be financed by a SPV . This Special purpose vehicle will fund the operation possibly on a fixed return basis or on a sliding scale with the funding party receiving a lower share after they have ben paid back.

All in all as there is plenty of meat on this bone to allow for good returns to all parties.

Very good to have a fresh positive voice on here especially one with a significant shareholding.. A few of the LTH's still around are somewhat jaundiced about CB's ability to deliver ,The H& G project is a relatively simple twin open pit operation.

Current plan is to operate with equipment supplied by contractors. Primarily two dump trucks a rig and excavator crusher/screener and sorter shared between the two pits. Power supplied by solar company. CB has said he hopes to be set up in August September. Hopefully you will get your multi bagger here first. Your timing is good I think to add. I am doing likewise. Here's hoping we are right.

I dont see why you have to jump on Minnisage you two. An unholy alliance indeed.

If the SP were to rise to .05 in short order which we hope it will then the warrant holders can exercise their warrants (within the permitted time) releasing funding to the company and diluting us all a bit . But we would put up with that would we not? Nice to see some sort of harmony breaking out regardless.

Mr T

CB mentioned timing of the delivery of equipment and installation of machinery in the latest podcast in which he responded to the confirmation of the Environmental impact license approval. Listen to it it is not very long.

A small rebound from the recent nose dive in Copper . I think we can safely assume that our financial model is viable at these prices given the low costs of the open pit project . So I am still slowly accumulating despite the best efforts of wrecking ball in the White House.

I quite like Lendme's proposal to return half of Blackstone share value to shareholders . He has mooted this before and remembers how early on shareholders received half of Consolidated non refundable deposit for Mankayan which was about £3m or maybe $3m usd. It was a special dividend . Assuming the H & G mine gets up and running this year through a SPV finance deal and once we have some income flowing > we could push for this at the AGM. It would certainly encourage we LTHs.