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that every pound available goes to them as a final wage bill - so shareholders get bugger all
I could go damn crazy, we have been f...ed up the sh..er
Aim con
Should have listened to Kabisko. Sad sad day for holders.
Down the shitter this goes!
Oh no...lost 10000 pounds here....what a farce!
BLOODY THEIVES
Game over..............
Is that game over? .... crying face
Nothing is built up to now and nobody have exclusivity. The first to build Wil be the master have to add possibilities for other to use his infrastructure.
Got a problem with a multi-user railway Kabisco?
nothing is even stated about it.
The same corridor was given by the government to both Rio Tinto and Bellzone for the road. Source of conflict ? Preserve some. What nenni! The government has a plan that does not displease Bellzone, contrary to what people believe.
It was during his last press conference. Mohamed Lamine Fofana, Minister of Mines and Geology addressing the issue of the corridor given both in Rio-Tinto and Bellzone revealed: '' The Ministry of Mines and Geology is developing the master plan for the infrastructures of the Guinea. It is in this scheme that we will solve all the problems related to the development of railways in the mining sector. Trans-Guinean is multi-user. Which means that it can be used by both Rio Tinto and Bellzone. We want a harmonious development of infrastructure in Guinea and the World Bank supports us in this direction. Studies have already started. ''
At Bellzone, it is almost the same sound that rings. "Bellzone has always said that the entire rail line serving Kalia can and should be part of the overall railway plan that will serve the Simandou and even Nimba deposits. Kalia is almost halfway between Simandou and Forécariah. It is therefore logical that a single railway should be built and shared by the different projects covering the export of iron ore and logistics for the transportation of Kalia, Simandou and Nimba diesel. If every project has to pay for its own railroad and port, it will result in a considerable extra cost, "they say before adding. "A single railway can be financed by combining the efforts of all actors, together, with a view to reducing costs for all projects.
As a reminder, Bellzone has the iron ore deposit of Kalia (Faranah), more than 400 kilometers east of Conakry.
According to the official version, the potential of this site is estimated at 3.7 billion tons. The company ensures that production starts in 2014 with a capacity of 20 million tons per year.
Some very worried non-holders surfacing.
Remember insolvency was warned that it could have been invoked in mid-November yet here we are a month later still in negotiations.
Good luck all holders.
http://coaguines.blogspot.com/2013/01/mines-un-corridor-pour-deux-geants.html?m=1
Proof/ link whatever u can provide kabisko. Deeply appreciated.
That what was shown to you Khm does not exist in Guinea and there is not railway infrastructure. Only the designated corridor approval and is no more actually. Yoda!
In any case, i believe KHM owns the port and the railway infrastructures, an independent entity from forecariah. Peace out!
Lol okay.
In Guinea FGM SA is registered like a unipersonal public company with only one shareholder Jack Cheng and officially bellzone has denied any direct participation in FGM. Yoda!
Kabsiko. Bellzone is the major creditor to the konta port asset. They technically own it and so they have rights to sell it. Cheers. Liquidation attempt is well on its way already. Unless u have more information to this, show it to us. I do not wish to argue. Good day to everyone atb for the confidence votes
The Forécariah Joint Venture (“FJV”) with China International Fund Limited was entered into administration by the Singapore
High Court in December 2015 and the court-appointed liquidators from Korda Mentha Pte Ltd (Singapore) continue in the
process of winding up the company, whose major investment is its 100% shareholding in the Guinea-incorporated Forécariah
Guinea Mining S.A. (“FGMSA”). The liquidation remains on-going as no material update in relation to the liquidation of
FGMSA has been received by Korda Mentha and it is not known when the liquidation of FGMSA will be finalised. Korda
Mentha intends to put a time limit on the FGMSA liquidator’s recovery attempts and is expected to form a view on the
likelihood of recovery in the FJV’s new financial year from 1 July 2018. As well as being the only shareholders, with equal
holdings, Bellzone and China International Fund Limited are also both major creditors to the FJV company and await the
completion of Korda Mentha’s work. The liquidation of the FJV company had no financial impact on Bellzone in 2017 as the
value of this investment had previously been fully written down in 2015.
i think this explains why bzm could sell the port asset.
March 06 2015.....
Bellzone Mining (LON:BZM) shares were appealing to shareholders after it announced an extension to its funding facility after the market closed last night.
Trading in the company's shares resumed on Friday, and investors climbed on board, pushing the share price up to 2.875p; when trading in the company's shares was suspended on 28 October, they were changing hands at just 0.52p.
Not really a "good update" then.
exactly what i was saying.