Member Info for The_Modeller

Good evening prickly,

Further to your comment,

" ... but given the ructions going on at Caerus with new management ,loss of licences, contingency claims etc I think he (Colin Bird) is entitled to be wary about handing over BZT funds."

To be clear the sum of £227,548 owed by BZT to Caerus ("CMRS") is not contingent on any disagreement that CMRS is having with BMG. Indeed, BZT has provided for the payment of this amount in its Interims under trade and other payables, and Colin Bird stated in the RNS that he will provide a further update on the 'outstanding' balance.

Furthermore, by way of background to BMG's dispute with CMRS: CMRS' position is the payment due to BMG will be by way of a net smelter royalty, which is the method it elected on 4 July 2022.

But as you suggest, all these matters are best resolved by being emollience rather than prickliness.

Best wishes,
-TM

The BoD’s behaviour almost feels wilfully destructive.

I think all of this Co’s plans in Cyprus require a local fixer “consultant” who is up the food chain, and a CEO with some real gravitas. I think the former may be lower hanging fruit.

Antelope,

Thank you. There was too much experience in the previous BoD for the Cyprus play to be without traction; in the broader renewable energy sector Cu has no substitute - let’s see …

An positive tweet from CMRS’ strategic partner EV Metals today:

https://twitter.com/evmetalsgroup/status/1557310927992922112?s=21&t=XnGZWzIBndvsh9sZp6Fa0A

Best,
-TM

Hi antelope,

I think we can all agree that all shareholders require a strategy RNS.

Do you think the new BoD will divest from their Cypriot assets? (Not a loaded question, just curious.)

WKR,
-TM

A standard listing is appreciably better.

imj.b,

One for the BoD!

WKR,
-TM

Is NCC’s / BDL’s refusal to execute the put option with BMG , financial, or lack of appetite, or both? Comments welcome …

Link herein from Colin Bird on Caerus’s opportunities in Cyprus (20 minutes in). IMV the investment case here has not totally evaporated in ~ a year.

https://youtu.be/2WFUFdHX62Q

C.22k; 30k; and 50k buys - haven’t seen those for while …

Right now I would be happy to have any RNS, even if it was to hear that Christopher Lambert had an agreeable lunch the previous day.

It’s certainly dropping on minimal volumes.

Quite simply, M&A is an expensive business.

It’s certainly reassuring to read they are receiving interest.

Shareholders really deserve an RNS from Mr Long.

QED old love

antelope,

This topic is a distraction but an enjoyable one nonetheless; I suspect you and I have very different views on the EU. Here are some hard numbers:

In 1973, when the UK joined as its eighth member the EU accounted for 31 per cent of world economic output. Today, with 28 member states, the figure is just 17 per cent.

Given this direction of travel, Mrs King’s Pork Pies from Melton Mowbray are just the amuse-bouche Europe needs!

Bon appétit,
-TM

IMHO I think this company desperately needs to issue an RNS(s), to include:

1. A penetrable summary of grades and indicative reserves;
2. a definitive update on the baseline ESIA for the Troulli projects;
3. a definitive update on stakeholder consultation for its Troulli proposals;
4. an update on negotiations JLP on processing, which is key to getting BZT to push the button on mine design: and
5. an update on its strategic alliance with EVM further to the conversations the BoD had subsequent to the AGM.

I very much welcome any comments ...

There must be totally free movt of goods between the UK, not least to protect the Belfast (Good Friday) Agreement, in simple terms Ulster has a right to eat British pork pies!

Wrt Europe: in Q1 2022, GDP in the UK grew by 0.8% compared with the previous quarter (Q4 2021). In the Eurozone GDP growth was 0.6%.

HMG is on the right side of the argument - history will confirm that.

They could of course be seeking a mutually beneficial solution: CMRS provide the project rights; BZT mine; JLP process; and EVM provide Saudi capital and the offtake within the UK-EU TCA …

antelope,

They’re totally sensationalist headlines. HMG will strengthen NI’s economy by facilitating a freer movement of goods within the UK. Furthermore, there will no material trade war with Europe, all sides know that would be mutually assured destruction. The German automotive industry’s lobbying in Brussels attests to that.

KBO,
-TM