Member Info for quindell

Yep I was just going to mention that - you can buy under the mid point so those are all buys

Yes there was a substantial discount - but this now needs to be considered a great buy in/top up opportunity. You must not forget this was 2p only 3 months ago and the share price rose from 0.8p to 2p in a month (from beginning to end of August) which does show this has the potential to move and gain momentum quite quickly, this was on the back of the placing shares being soaked up over a few weeks, then the strategic tranche buyer stepped in (who I feel will enter the frame here in 1 shape or another). It could be deja vu. Im no ramper but this could honestly be the most undervalued play on AIM at present on a fundamental asset valuation basis and has the potential to multi bag over the next few months. You must not forget we nearly sold Mankayan for $70m a few years ago, with 4.3 million ounces of gold and 1.3 million tonnes of copper which is Jorc compliant - now with Gina ousted the Philippines is far more mining friendly - if you would have asked me a year ago if I thought Mankayan would be sold, I would have said no. Things have changed and there is significant interest in the project at present, if a price of, lets say $10m was achieved in cash it would be a great result and would instantly transform the company. That transaction would make it the cheapest per ounce Copper/Gold porphory acquisition worldwide. Now looking at Eureka there are world class copper grades of over 1% in Argentina with some gold credits, which on the back of strong copper prices would easily be worth $4-5 million cash. We have spent around $6m on acquisition and exploration ourselves. Looking at Choco a lot has been achieved in the past 12 months with the independent scoping study, option payment, mining camp, processing plant, infrastructure, secondary plant, verified grade to bedrock. This has substantially de-risked the project for an in country partner, we have done the hard work in providing this model works and the grades are economical. It's simply a matter of time now before we get that partner to fund us. Now you're telling me a £2m valuation for BZT is fair?! This has just been an unfortunate series of events which meant we cant commit to the ramp up ourselves and so are doing the right thing in halting the project, conserving the cash, look to get the sales/JV deals done for Eureka & Mankayan then move forward with securing that partner. There is no point thinking in hindsight regarding raising money when the SP was at 2p in September, which I agree should have been done but thats life! This situation does remind me of JOG's drilling of a duster a few months ago, then the subsequent crash then the new drilling that made the discovery shortly after. All the best guys & girls

You about?

In hindsight you are correct certainly. The thing is previously the situation in Phil was pretty bad, and copper prices were quite bad - recently that has all changed of course and Phil is far far better with Gina gone and the copper price is very strong so Eurekas 1% grade is lovely!

I should have said it WOULD be profitable at full capacity, but you obv have costs when only washing a small portion of gravel which is why ramping up to full capacity quickly was needed to get that $90k ish profit per month with the one plant (was running figures recently).

It is profitable BUT the ramp up in production will be costly and they need the commitment before spending more money now and then stopping further down the road. Its better to stop now, we have proven it works, get the interested parties in and then move forward.

I beg to differ but we shall see what happens over the next few RNS's

Is super tight - 0.401 to sell and 0.4044 to buy

They have interest in Mankayan & Eureka, with gold and copper going very strong they are very likely to be sold/JV'd

Someone tell me how a company with an asset that was almost sold for $70m a few years ago, with 4.3 million ounces of gold and 1.3 million tonnes of copper (Mankayan worth at least £10m on a quick cheap sale), copper grades of over 1% in Argentina (worth at least £5m for a quick sale) and Choco (worth at least £2m in a quick sale) The model has been proven in Colombia - we just need to get the partner in with the balance sheet and do this!! Less then £2m for BZT is madness?!

To buy

Yep exactly, we are in a safer jurisdiction as well. I just wish RLD had a peek at some of the amazing Aussie opportunities, we could do so much there look at GGP and other companies that are flying! Well you can dream!

the opportunity to buy under the placing price is one not to be sniffed at! Asset value is there - Mankayan is easily worth £10m and that would make it the lowest acquisition globally per ounce of gold and per tonne of copper for a Jorc resource, Eureka could fetch £5m with the strong copper price. Choco is worth at least £2m with the plant, these are skeletal figures that show BZT has significant value that dwarves our MCAP - what if Mankayan or Eureka are sold/JV'd as alluded to in the RNS.... Everything happens for a reason.

Make sure you read Ed's statement, its very very telling of the future strategy.

Thought this was dead at 0.2!

We need to remember what BZT are: We have massive value in Mankayan, Eureka & Choco. Mankayan could be sold at a cut price deal, of say $20 million and it would be an absolute steal for any company considering the resource! Eureka could EASILY be sold for $5 million cash in the current market - a huge resource with over 1% copper is world class by any standards, and we have gold credits. Considering the above we are undervalued regardless and this is something we all need to consider.

Are currently accumulating IMO - they are taking shares at 0.23 but only offering them at 0.25! Lets hope we get some good news before Christmas, LION, PYC & TYM have be great for me recently so lets hope AGQ is the next multi-bagger! I acknowledge JW needs to cut his salary to shares only to show shareholders he actually does care

Having fun with the spread today!!

We have around a million in cash and are valued at cash!

Jump..... even with 9 billion shares in issue the liquidity looks very tight!