Stock data
| Market cap. | £19.5m |
| Last close | 30.00p |
| High / Low (52 weeks) | 58.0p / 22.0p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 4.5 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 12.15 | (7.34) | (48.28) |
| Relative * | 6.82 | (13.49) | (46.61) |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (1.6) | (1.6) | (3.7) | N/A | N/A |
| 2011A | 0.0 | (1.5) | (1.5) | (2.9) | N/A | N/A |
| 2012E | 0.0 | (1.5) | (1.4) | (3.4) | N/A | 6.5 |
| 2013E | 0.0 | (1.5) | (1.3) | (2.1) | N/A | N/A |
Last updated on 16/12/2011
Latest research
Focus turns to Eureka
Update | Mining | 15/12/2011
Eureka a good deal
Update | Mining | 20/12/2010
Gold Fields enters region
Update | Mining | 27/09/2010
Scoping study awarded
Update | Mining | 24/08/2010
Copper in the Philippines
Outlook | Mining | 22/10/2009
Investment summary
Bezant shareholders have approved the disposal of the Mankayan project in the Philippines via a cash and option agreement. The option agreement, valued at US$70m, is for the disposal of Asean Copper Investments to Gold Fields. The disposal is a sound choice for Bezant as it has arguably developed the Mankayan project close to the constraints for a company of its size. In the event that the option is exercised, Bezant intends to release the funds to be used on developing the less capital intensive Eureka Project in Argentina, with the balance of the funds to be returned to shareholders in a special dividend.
Last updated on 15/12/2011
Industry outlook
While metals prices have proved quite volatile in the last few months, copper is trading at US$3.27/oz, well above our long-term price of US$2.75/oz, while gold is trading at near historic highs of US$1,690/oz.
Last updated on 09/12/2011
Key management
| Gerry Nealon, Chairman |
Company address
| Level 1, South Mill Centre 9 Bowman Street Perth 6151 Australia +61 8 9368 1566 View website |
