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well said tadpole. let's hope it does play out. honestly, irregardless of the RNS, i'm on a firm hold because I really do believe Hudson will not play the stupid card to lose all these assets BZM painstakingly established over the years and release some funds for them to work with. I just think they need a good shake up to let BZM board realize that production needs to start asap to repay them back. I think that's why the talks are taking longer than desired.
There’s 1.6bn shares here, the volume of sells is low given there are obviously going to be some out there lowering their risk as the key date approaches. Those playing the odds are the buyers.
As spike said, i share the same sentiments. There is no mm or anything happening here. It's just whether there's a lost in investors confidence in BZM. Those that sell out no longer has faith in it.... those that bought, prolly either knows what is happening and is willing to take the risk (high risk high return) or, they just trade blindly thinking they can make money from such a spread. IMHO, many millions have been invested in the infrastructure to build the railways and ports. The only way BZM can get out of this is through Hudson bailing them out again (really hoping this happens but why would they no news BZM? perhaps to shift BZM direction before giving the green light). I'm thinking of the monetization of the port comes hand in hand with BZM future. Ultimately, RNS will be published this week, and we will see. Remember, the 22th oct RNS said mid november was the date for financing. Let's see if BZM really gets it.
Reading the threads seems some of the de ramp crew can’t seem to tell the difference between “theory and fact”. Filter the noise people. Will drop a note to Simon again :-)
The Magnetite is a massive deposit...
it isn't low grade. that's the thing. lots of smoke and mirrors and agendas on here.
How is 58% low grade ???
Do you expect to dig actual lumps of iron out of the ground ?
This is just plain de-ramping rhetoric you post here...
Eyeguy, they don’t have the answer for that as it’s difficult to understand why they would allow it to go down especially if they can change it. Hudson hold the cards in this game and it seems obvious they want changes and they can direct this. It wouldn’t make sense if they didn’t do this especially at a stage where they can.
He has called it right and I have no reason to doubt him. He also didn't believe that this would be signed off by the government and it did. Only last week he was suggesting that the port was not worth much but now the government want it. There are other times where he has not been correct but when it comes to news from within the government he seems to get it right. I wasn’t relying on the port to be our saviour. It’s all down to what Hudson want to do in my opinion. We keep hearing how rubbish bzm bod are but if you are a majority shareholder then you can change this. Why let it go bust when you hold the power in the direction it can go?
you would be better reading the information of the official channels- ie RNS and also look at the actions of Hudson, rather than take anyones word on a BB imo.
No one has explained why Hudson twice vetoed dilution and would seemingly be willing to lose $20 million of loans and the listing. When I ask that to all these experts we don't get a straight answer- only that the assets are worthless.
Walko has called it right on several occasions when others have not. Everything he has said so far has come true. Read his past posts if you have any doubts and of course DYOR.
well the last corporate update mentioned:
"interested parties on ways urgently to monetise the Company's Konta Port asset"
And someone on a BB with no evidence has said the asset is not BZM's.
Hudson have vetoed being diluted on 2 occasions which could well mean their shares which were worth £4.5 million a few weeks ago would be worthless and they would lose $20 million owed to them. For what reason????
And some are still banging the same drum that these assets are worthless FFS.
GLA and DYOR
Kabisko, With all due respect mate, taking the word of someone on a bulletin board who can’t direct you to his research would be thick. Unless you can back it up then people will take what you post with a pinch of salt. Also, investors might already be 60/70/80% down or more at this point, so whether you’re on the money or not, they’re in it boom or bust.
I never trust a poster that gets shirty when investors don’t take their word as gospel. Why should you care whether anyone believes you or not. If you’ve told the truth you’ve done your bit and can rest easily that you took the horse to water, but it alone chose not to drink.
Just my thoughts tho. No guarantees it will happen, just my thoughts.
this I have to agree with Kabisko. Liability > asset. But, same as ALLnothing said, I really hope Hudson bails BZM out this once. I'm really betting on it, given the assets and mining rights at stake over here. Too much invested here to give up at this point , imho. unless they have proof kalia fails in future, then bzm would definitely face insolvency. I'm sure Hudson would want to try BZM out on kalia and see what happens instead of cutting them off entirely.
I don't think that anybody is a thick here but finally I started to think that you're the only one thick. I told you that they have the liability greater than the asset. What explanation you want after that? Yoda!
Typo $20 million
Kabisco - what on earth are you on about? insolvency has been mentioned for one reason and one reason only.
This is the inability of BZM to raise funds by issuing more shares as Hudson will not allow it, and seemingly they will not release more funds to bzm through the loan agreement. This has nothing to do with Konta Port.
Hudson/CS will lose $20 million owed to them if bzm fo bankrupt. This is a fact. 6 weeks ago before the rns hit about bzm’s issue with Hudson, Hudson’s stake in bzm was valued at circa £4.5million. Again, a fact.
If Hudson believed the assets are worthless they would keep the gravy train going and issue more shares because a £5 million stake in a company and the chance to get their $20 back is better than £0 and zero chance of getting money back. Do you think we are all thick here ?
EyGuiy I am not making a theory. I just answered your question by the fact. Up to you to have your own opinion. I not the one who mentioned the insolvency. Go back to the people who released the RNS and ask them why the insolvency was an option? You have to remember that the actually ceo was designated by Hudson. And the polemic between BOD and major shareholder can be negotiate without insolvency as option.
What on earth are you on about Kabisco? I have a theory for you. You are twisting the facts to try and make them fit with your short sighted theory.
So your theory is that BZM don’t own Konta Port so they are going insolvent?
Lmao
I told you already that Konta port was not their asset and tell you that locally they have more liabilitie than assets. That the answer if not why they mentioned insolvency? Yoda
CS is Hudson. So what? The loans are guaranteed against assets that you say are worthless and twice Hudson have vetoed diluting their shares which could well be worthless in a week, Therefore forfeiting $20 million of loans owed to them. Answer that rather than irelevant drivel
EyGuiy the first 15% of the actually share of Hudson was owned by Cif (China international fund) without any deal and becomes CS (China sonangol) the only big deal was when CS bought up to 50 M shares from nik zuks and CS rich some things like 32% and rest was loans convertible to share with dilution effect. And in Novemb 2015 when Sam Pa was catch up by Chinese gov. The share was transferred to shell company called Hudson.
Walko- unfortunately again you dangle a snippet of information which could well be misinformation- which actually is the opposite to the implied intentions of Hudson.
Yes. Hudson not allowing dilution and will lose $20 million. For what?
Complete nonsense
Leasing for 25 years bro. They could have it state-owned and do a far better job. 25 years is a really long time. I don't blame Guinea govt for saying no. Just because BZM didn't get their shit tgt, that resulted in this.