Member Info for andreww128

Doubt it, there will probably be just enough money to cover the fees for the liquidators Grant Thornton Jersey, I think this company are milking this with the ex bellzone mining directors, funny how there offices are about 200 meter's away in the same town, they will take all the sale profit and shareholders will get nothing -

I emailed grant thornton earlier this year and got this reply -

Thank you for your email and please accept my apologies for late response.

I can confirm the liquidation of the Company has not yet concluded and continues.

Unfortunately the position remains unchanged and there are no return anticipated to shareholders.

The Joint Liquidators of the Company continue to effort a sale of the Kalia mine in Guinea and, if achieved, will then be in a position to provide a full update to shareholders and creditors as a body on the activity undertaken.

If you have any further queries please let us know.

Kind Regards

Catalina Fotache
For Alan Roberts and Ben Rhodes
Joint Liquidators

The Company is in liquidation. Its affairs, business and property are being managed by the Joint Liquidators who act as agents of the Company and without personal liability

I received the email message below from Grant Thornton the liquidators of Bellzone Mining on the 16/04/2021 -

Thank you for your email and please accept my apologies for late response.

I can confirm the liquidation of the Company has not yet concluded and continues.

Unfortunately the position remains unchanged and there are no return anticipated to shareholders.

The Joint Liquidators of the Company continue to effort a sale of the Kalia mine in Guinea and, if achieved, will then be in a position to provide a full update to shareholders and creditors as a body on the activity undertaken.

If you have any further queries please let us know.

My Bellzone Mining shares of no value are still showing in an old ISA account, interactive investor are refusing to close my account until I gift the shares and are charging a monthly fee, is it still worth holding onto these.

My Bellzone Mining shares are still showing in my ISA account, they are of no value but are still listed , is there still some thing unfinished with the closure of this company

ha, directors feeding off a bottomless pit.

I just cant see how there ever going to get 600 million funding, the bank wont loan them anymore money, my guess is companies already have there greedy eyes on making money off insolvency procedures, the board will know exactly what is going on.

Looks like the old management are looking to develop the Bentley Oil Field, we original shareholders got ripped off.

https://www.upstreamonline.com/field-development/whalsay-readies-bentley-development-plans-in-north-sea/2-1-685822

They havent got the money, they will go bust

From experience I would be hard pushed to pay 10p a share, unless it was for a short term gain, as with all these types of investments, if they need to raise money constantly in the end a bigger company will take over whats left after they have gone insolvent, ill bet on that.

Thats bo...cks you havent got that info from the liquidator, send proof if you disagree

Does anybody know if shareholders get any information on the outcome of the liquidation or is that it, delisted and nothing even mentioned.

to the chinese were just a pile of sh... , same as most of there products.

Yes the dodgy Chinese will just replace the company logo on the Bellzone webite with there own and continue, win win win for them and we get shafted down the shi...ter

Go on then give an insight into your post???

Hudson knew all along that they werent going to extend the loan the BZM, even when the director Julian Cheong gave a positive interview early last year, they should be investigated, corruption at its worst.

There we go, hard lesson learnt and the last time I will ever be investing in AIM shares.

Ive lost money here, even though Im not a big fan of trump, id like the USA and other countries to not buy any crap from China, starve them out of the market, then well be on a more than equal playing field.

I would look into the backgrounds of the board of directors, I wouldnt have touched bellzone with a bargepole if I had done more research, two of there directors worked for China Sonogol who owned Hudson Group which owned 51% of the shares in Bellzone and one of these directors did a very positive Televised interview this year about Bellzone Mining, funnily enough resigning just before Hudson pulled the plug on a loan agreement to keep Bellzone operational -

Julian Hong Lum Cheong -

Financial Advisor for Bellzone from October 2015 to July 2018
Chief Executive Officer of Bellzone Mining PLC since July 1, 2016

Previous Appointment before Bellzone -

He served as an Adviser to China Sonangol International (S) Pte Limited from April 2015 to August 2015 and its Management Member since September 2015 until October 2015.

------

Kum Hon Tung -

Financial Advisor for Bellzone until October 2015

Mr. Tung served as Acting Chief Financial Officer of Bellzone Mining PLC since November 2014 and Chief Financial Officer until October 31, 2015

Previous appointment before Bellzone -

Group Chief Operating Officer of China Sonangol International Holding Limited

We wont get nothing from these slime balls, theyll do a deal with hudson and the directors, take there large cut and well end up shafted, you can check where there all located in Jersey sitting on top of each other, in it togther I would put my money on it.

The article at the link below seems to spell out the situation clearly, well and truly starved of money by hudson once they had got what they wanted -

https://www.proactiveinvestors.co.uk/columns/sp-angel/30398/todays-market-view----iron-ore-prices-rise-despite-weak-asian-equity-markets-30398.html