Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Vaccine news normally is around midday so is risky to wait. May even come today but doubt it. Either way its too risky for me to be on the side lines but we all have our own strategy.
That is a massive indication that the major players think the sp will start to recover lost ground. Wouldn't be surprised if the shorters flip and start going long now. Everyone is now waiting for the Astrazeneca news which should be in the coming days. Exciting times lay ahead.
The world needs to get over this pandemic. All this talk of having to live with this for years was scare mongering by a select few. Just a few more weeks and the first batch of people will start being vaccinated and then normality will follow.
Im not saying £3 is a true value of what the company is worth in the medium term, I'm just saying the market can be irrational both on the way up and on the way down. A few weeks ago the sp hit £2.50 after the funding news. It fell back obviously but the fact is it did hit that price.
So there is a chance something similar can happen again. But the main point all of us bar a few can agree on is that there is plenty of upside to the current price.
We are now at the stage where vaccines will be rolled out in a matter of weeks. A few months ago this seemed like a remote possibility but now the situation is highly likely. Everyone has seen the affect on the sp when vaccine news is released. Now just imagine in a few days when news comes confirming the actual date when the vaccine will be rolled out.
The market will explode especially stocks like RR that have a lot of upside at these levels. We might even see £3 a share if buying pressure is too high. The stock marker is irrational both when it goes down and when it goes up so anything is possible.
For me its a hold and wait for the good news.
Level 2 Orderbook looks really strong. As long as the sp holds up over £1 then the rest of the week will be good. Further positive vaccine news will easily get the sp over £1.50 at the least. May even get to £1.75-£2 by the end of the month.
37.5m shares is less than 5% of the total warrants. Surely more would have been exercised if there was little expectation of the sp rising further. The sp will go much higher once drilling results from Hope are announced
There were no abusive posts during the weekend, certainly not from me. All I wanted was a discussion on why the vast majority of the warrants from 0.16 have not been exercised yet. For me this is a clear indicator that the sp still has further to go.
Gold is in a bull market at present and BZT are most likely going to release an rns stating that there is a lot more gold than previously thought at the Hope project. The fact that that an experienced geologist has now joined the board only adds to the positivity here.
We are extremely undervalued at the moment but this will be corrected soon.
Just need to keep patient. Have a look at the recent chart for BZT. It hit 0.2 and people then were saying it was a spike. The sp went down to around 0.16/17 for a few days and then exploded. Same will happen again. Just need to remember that there will be an rns in the next few days/weeks giving drill results on Hope.
If as expected it is announced that there is more gold there then the sp will rerate. I've confident in this share so am prepared to wait this out. News will come sooner or later, drilling started on 1st October so should be close to finishing now.
To all the doomsayers I've got a simple question. Why are over 90% of the warrants still outstanding at 0.16. There was plenty of time, plenty of profit and certainly enough volume over the last 2 weeks for them to be exercised and for the warrant holders to make a decent profit. AFAIK there were no restrictions as a small minority of the warrants have been exercised but the vast majority are it seems waiting for a higher price before taking up the option.
Perhaps they are averse to making money. Or perhaps maybe they know that once drilling at the Hope project is concluded that they will make a heck of a lot more than the 100-150% profit they could have achieved a week ago.
BZT due news any day now regarding Hope. If news does come in that there is loads of gold as well as the high grades of copper than 1p will easily be smashed. It will just be a case of high the sp will go.
UFO brought their assets for a low six figure amount with a few shares thrown in a while back. Look at what happened to their sp when they announced the results of their drilling programme.
I dont get this argument. There has to be incentive for the miner to start drilling and prove up the resource. That is how this industry works. I could go through AIM and find at least a dozen miners that have brought a mining license for a few hundred k and then ended up with a mcap in the tens of millions once they have proved up the resource.
It is good to be cynical. But not so much that it clouds your vision on the basic fundamentals of how the junior mining sector operates
The extra £22-27m would come from increasing the JORC resource on the Hope project. The rns clearly states there is likely to be a significant increase especially in gold resources once the current drilling ends which started on 1st October so should be over in the next few weeks.
It also amazes me when people post negative comments and also claim to be holding shares. Surely if its that bad an investment than just cut your losses and try elsewhere. We have all been in that position tbh, its how you deal with it that matters. Life is too short to be that negative.
Getting back to BZT, I do want to start a debate on why over 90% of the warrants have not been executed yet. With the trading volume over the last few weeks there was ample opportunity for the investors who had these warrants to convert them at 0.16 and make a tidy profit. Those warrants would easily have been absorbed on the recent rise into the 0.4's.
I think it s an indication of what the future holds. Those that hold the warrants are most likely more informed than the average investor and the fact that only around 90m have been exercised shows that most who hold those warrants are waiting for a much higher price before converting. This is something that I would really like one of the more cynical posters to answer. We are all here to discuss BZT so lets do that.
There seem to be a few LTH's here who are highly cynical. Fair enough everyone is entitled to their own opinion. But the fact is BZT are at a transformational stage. The Hope project is currently being drilled to increase gold and copper resources. The argument that if it was so valuable it would have been done by now can be applied to every single mining project that is being explored right now by every single mining company so that doesn't hold any relevance as far as I am concerned.
I admit its very early stage and it is years and millions in investment away from producing anything but the debate here is whetever the current mcap is correct and more importantly whetver it will go up in the next few weeks/months.
I dont care about the Philippines bit, for me its the Namibian bit that excites me. More importantly its the fact that there is potentially a lot of gold contained within that resource that will soon be announced. Im not saying this end up with BZT worth the same as SOLG or GGP but what I am confident in is that we will see a mcap of £30m-50m before the end of year which means a sp of 1-1.5p/
You only have to look at the likes of UFO and other junior miners to see that this is a realistic value that can easily be met with the right news. They too are at a similar stage to BZT but have managed to hit a mcap of £90m recently. Junior miners are currently in a bull market so as long as BZT do what they say and achieve what they say can happen (add significant gold resources to Hope) then current price is a steal.
Looking at daily price rises/falls can be unnerving but as long as each person does their research and has their strategy worked out then that is all you can ask for.
Just need to remember gold prices are at an all time high price so if next week BZT release an RNS saying they have discover x amount of extra gold in the ground then the sp will explode. I'm not ramping here, I am just stating what everyone knows about AIM and how it works. The sp went over 0.4 a few days ago. Similarly I expect that soon I will be given chance to sell my share for over 1p. Someone else can disagree but my prediction is 1p+ before 2021. If that makes me a ramper than so be it lol.
Gold and copper are the two current metals that are "in fashion", more so gold. The best thing about the current drilling programme is that it is looking to add to the gold resource. at $2k per ounce for every 100k ounces that is discovered that is an extra $200m value.
I'm not saying they will discover millions of ounces but a fair estimate is that they will most likely add a few hundred k.
When this news hits the mcap will easily hit £50m which is around 1.5p for the sp so there is plenty of upside to aim for.
There are outstanding warrants but that does not mean that they all will be exercised. You also need to consider what the company is currently doing which is drilling to increase resources of copper and gold on what is already a billion dollar asset.
News will arrive in the next few weeks concerning this. At the moment there is around 200k tonnes of copper and 100k ounces of gold as resources in the hope asset. If this resource is increased which it will especially gold which wasn't looked for in previous drills then the sp will rerate.
Current copper and gold resource in hope asset is worth $1.2bn and $200m respectively. If the gold value goes up nearer to what the copper is worth then the share price will explode.
Too risky to be out as news could come any day now
people need to step back and look at the bigger picture. BZT have recently acquired an asset with $1.2bn of copper and $2000m of gold. They are currently doing further drilling to add to this resource, news of which will be coming in the next few weeks.
Current mcap is severely undervalued especially when you consider that they have £5m shares i the Hong Kong listing that now owns the Zambian asset. That alone accounts for half the current mcap. The sp is volatile at the minute but it will start to rerate again in the coming weeks
"The acquisition of the Hope Gold Cooper project is a significant milestone for Bezant. We have acquired a very attractive project with a combined JORC (2012) Mineral Resource of 10.2Mt @1.9% Cu and 0.3g/t Au at a 0.7% Cu cut off in Namibia, which aside from being an excellent jurisdiction, is attracting increased attention as a source of Copper."
"The aim is to drill test a geophysical anomaly immediately north of the Hope deposit and to drill confirmatory holes at Gorob-Vendome, primarily to establish the gold tenor at that deposit and thereby add significant value to the Project resource. Previous drill core at this prospect was not checked for gold."
This is why the next few weeks will see the share rerate to over 1p. Just based on the 2012 old JORC resource that's almost 200k tonnes of copper and over 100k ounces of gold. At $6k/tonne copper and $2k/ounce of gold that's about $1.2bn and $200M respectively of each metal.
These figures will only go up once the resource is properly quantified especially gold which wasn't even assayed properly back then. Plus with gold prices hitting all time highs and the upcoming copper shortage this is a multibillion pound asset. Current mcap is only £11M, once the results start coming in then £50M is more appropriate for the short term and in a years time it will be £150M+.
Look into the history of this company and AB. Nothing ever gets done here, this is a lifestyle company where the person running it gets a six figure salary for "working" part-time as he is also on the board of other lifestyle companies. If you can trade the spikes and make money than go for it but please do your research before investing in the hope that the company will progress.
FFS they have had the kenyan asset for over 10 years and done nothing. It was even taken away from them because they did nothing for years. All this company does is announce new projects to dangle the carrot in front of new punters but in actual fact they have yet to produce one success story. They will come up with excuses such as the market for junior explorers is in a bear market but if other small miners can succeed than why hasn't RRR done anything even close to this in the last 10-15 years. I understand it takes time to explore and prove up a resource but how long do they want.
0.44 to sell, more like jogging up then creeping. Probably another couple of hours to get in before 0.5p. By next week people will be looking back and thinking why they didn't buy in at less than a penny.
Took a bit of a breather in the morning but with the buying pressure this will only go one way. Nothing ever goes up in a straight line but this is close to it. Current mcap is only £11M but should be at least £50M. DYOR but this share is severely undervalued.