Member Info for Avizandum1

Not entirely sure you are what you say you are.

Most here would take advice and reflect. On the other hand you argue against the advice proposed.....even though that advice is overwhelming. Who are you?

I posted this last Xmas ish.

I love the Hebrew (not a Jew) but there is a saying: "you can tell the tree by the fruit." From last Xmas I sold and vowed never to buy again. The underlying problem I have, and I am not a scientist......is that 401 et al, are only given in small treatments. Yip, you could say that's the nature of the game. But this chemical tech turns off genes. I assume it turns off good and bad genes alike, for I have not seen anything to allude to the contrary. Is this why the short treatment regime? Is this its fundamental flaw?

What appears clear is that, unless a deal is forthcoming within the next 12 months and having due regard to percentage losses over the last year in the SP, this could well be VAL's last fundraising. Another brick in the wall!!!

Agree with that Madpunter. A deal likely where Hope is removed, small compensation paid plus costs and re-structuring debt. And silence thereafter. Hopefully (pun intended) they have the sense to deal/compromise before this goes mad as the punter might say!

Your fine. History has just repeated itself (ish) Last year one investor commented that "it was like getting mugged coming home with his Xmas shopping." I posted this two weeks ago when I thought it was going the same/similar way. I know others did too. Is it a top-up opportunity?

Oh man. Please go back to posts Dec 18-22 Dec 2017 before you do anything else.

have a look at Xmas last year between 28-24 December. As one shareholder put it "its like being mugged coming home with your Xmas shopping." Caution!

Yip be careful. Same last year. Hype then placing just before Xmas

Still not forgotten 22 December 2017

that seller…..50,000

Is the Seller in fact the buyer?

Beware consolidation with that sell limit

new ones open for Africa. Which super economy will take China's place? Think there may be a queue!

Hudson Global Group Ltd appear to be a subsidiary of China Sonangol. Therefore our main shareholder that vetoed resolution 6 is also controlling the loan funds. So they have said no to the vote, and by silence no to further drawdown. The position is untenable and currently threatens BZM's ability to trade, not in November, but today. Are the staff secure.....doubt it.......are contracts etc secure.....nope....our majority shareholder, CS is holding BZM to ransom it seems which has Africa wide implications and dependant upon the circumstances, potentially leaves Mr. Cheong with a potential conflict of interest IMHO as a director who has a duty (with personal liability accruing) to advance the objects of the company and produce value. Or are they holding BZM to ransom so another subsidiary or connected person/entity can make a silly offer for the port. All paranoid supposition, but I do believe there is a large financial community watching this with vested or prospective interest in dealing with CS now or in the future. ....and time is seeing its reputation disappear down the plug. Only my opinions DYOR

I will compose an email to the Financial Times re BZM's position as I think this is worth some journalistic investigation and comment about wider implications for CS involvement in African resource sector.

From RNS Oct 2015:
Bellzone Mining plc (AIM: BZM) is pleased to announce the appointment of Mr Julian Hong Lum Cheong to its Board of Directors as an Executive Director with effect today. Mr. Cheong will also be appointed as Chief Financial Officer and Acting Chief Executive Officer with effect from 1 November 2015, taking over from Mr. Kum Hon Tung, who leaves the Board on 31 October 2015.

Julian Cheong (46) was an adviser to China Sonangol International (S) Pte Limited from April to August 2015, and became a member of that company's management from September 2015. He has stepped down from this role with effect from 31 October 2015 in order to take up the appointment as an Executive Director at Bellzone.

The question arises, as it seems to me that there is still $3.2M left to draw down on the Hudson Loan. Is this being blocked by Mr..Cheong on behalf of CS? Is the difficulty manifest in the Board Room?

From GOV point of view they will want this uncertainty dealt with. They want jobs and taxes. For a little investment the gov itself would reap significant rewards. Not rocket science!

Wont be allowed to go bust. If CS not going to commit, I think the gov will. A proposed sale of an asset would force CS hand.. If CS fall out with Gov over this, the ramifications are extensive. BOD will need to consider winding down shortly, so there is little time left to resolve.

Get the sense things have not been good between Hudson and BZM for some time. It looks like BOD brought the issue to a head by Resolution 6 on 31 July, seeking authority for 1.5billion new shares. CS then have known of the looming issue for 2 months at least, and probably much longer, and have chosen to nothing about it thus far. Think BOD probably had no choice but to issue the RNS, but hopefully gave notice that that was its only available recourse. If no funding forthcoming quickly, BZM will presumably have to give notice to staff and wind down operations. Doubtless staff and reliant contractors also watching this chapter in BZM's history with concern.. Does Hudson/CS have real choices here? Their investment is so close to dropping fruit that does not make sense. And clearly they still had faith earlier this year pushing back loan repayments until December 2019.

Agree. We the poor PI's are watching, but so is BZM, Guinea, Africa and South America. What happens here may inform all others s to the consequence of accept CS funding. They take control, and then starve the project. The longer this goes unresolved the more uncertainty is created for all those funded by CS and what the future could hold. That is why, I think BOD took the bull by the horns with RNS. Is has made BZM's position public knowledge. Financial markets across the World will be watching to see what happens here. Delay is damaging CS reputation IMO.

is a political decision not a financial one. CS heavily involved in Guinea and prior funding has a political as well as commercial agenda. Don't think Guinea would be well pleased if BZM were allowed to go under and the licence fell. They want the mine up and running ASAP. Failure to provide continued support would place CS in danger of upsetting the political relationship between Guinea and China. ….for few million dollars. Don't think so. If support not given the shock wave would rattle through all supported infrastructure and resource developments across Guinea, and indeed the whole of Africa. Okay, I get CS do not want more dilution, for they want control more than anything else, it is control they bought. Therefore, further funding draw down or indeed new funding on the cards.

IMO CS will not await the sale of an asset, for via that sale, they would lose control. So continued funding the only answer. CS have boxed themselves in, but having said that, the stakes here are tiny for them. The political stakes are huge! IMHO DYOR