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Ann: BKT PFS completed and confirms high margin low cap-ex, page-27

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Byond_Zen

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28/04/17

17:30

Post #: 24341403
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Originally posted by ddzx ↑

zero idea

BKT is owned 25% by Copulos, who owns 90 million shares

BKT is Copulos's company, similar to how SYR was Tolga's company

Copulos funded this from the start: http://www.asx.com.au/asxpdf/20140715/pdf/42qtgnjvs532nm.pdf

the project was acquired, here: http://www.asx.com.au/asxpdf/20140707/pdf/42qp4qhnk8j5wm.pdf

Tambanis is merely a geologist, was appointed here: http://www.asx.com.au/asxpdf/20150122/pdf/42w43rr86yzqpd.pdf

when Tambanis was appointed by Copulos, Tambanis held zero shares while Copulos held 19M shares, here: http://www.asx.com.au/asxpdf/20150130/pdf/42w823hz643m1g.pdf

Copulos has pumped $$$$$$ into BKT

Tambanis cannot be compared to Tolga, who holds 15M SYR shares

Tambanis has done his work, as a geologist, exceptionally well

Tambanis, like all of us, has had to learn about graphite, metallurgy, etc, and did an outstanding job

but the PFS is John De Vries project because John is 100% qualified to do this work

John is a seasoned mining engineer. Steve is a geologist. both are only employees of Copulos

imo, like all of the other graphite companies (except SYR, which is a conventional operation fortunately equity funded its project), the BKT PFS is relevant for capital & operating costs but is deficient in relation to what exactly it will sell. for example, the MNS BFS was different to its PFS. BKT will likely be similar

graphite requires lots of R&D. BKT have really only started.

your post is no idea about what is happening with BKT

both Steve & John are doing a world business trip right now. I spoke to them before they departed.

Steve will be around for the next six months and has 3M+ performance shares to earn

Steve is 100% passionate & committed but, as i said, really just a geologist

no more silly posts, please

thanks

Expand

DDZX, thank you for your insightful and elucidating reply (the "silly post" reference notwithstanding).

Seems like De Vries does indeed fit the current CEO role-description adequately and the 'interim' aspect is only because Copulos (and the Board) wish to see the full-blown CEO title held by someone with operational competence take the reins for the long-run.

A long road ahead. Hopefully it will be a smooth ride.

BKT Price at posting: 9.5¢ Sentiment: Hold Disclosure: Not Held
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Ann: BKT PFS completed and confirms high margin low cap-ex, page-27

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Ann: BKT PFS completed and confirms high margin low cap-ex, page-27

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