Member Info for BigBear2

Bau practice from MMS they know it's boom or bust and IMHO we are inching closer to boom.
Agreement reached on port and the sky's the limit....

For any decent size buy..... Mms gettin twitchy ?

Irritatingly want a top up but refuse to pay .29/3 when ask is 0.25

Being quoted for small amounts...

IF we get a deal and finance you will see the muther of AIM re rates. Bzm has fiord for it. I tried a few quotes today and anything over a mill was 0.3 or over...

worked by the MMs....
If we get a sh*te RNS tomorrow or out of hrs this stinks...

I think that is dependant on what come with funding. Hudson are not playing hardball for a giggle they want something and are prepared to put the company on the brink of bankruptcy to get it. History will tell you this is not the first time they have pulled this stunt. If we get a port deal and funding this will surely be the highest riser of the year and open with a jog style lock out and then continue a re rate big time. The alternative is of course zero so it’s anyones game. Personally having held all this time I would be looking for a min 2p exit on positive news....

Frankly this is driving me nuts,ffs just put us to the sword or at least update the market on what is being negotiated

Eg....

In the short term and independent of permitting, subject to funding, the Company could seek to increase current production through a workover of Pg-11A to isolate and seal off the source of formation water and by the installation of compression equipment to prolong the life of Pg-10.

The Board considers it appropriate to increase the Directors' ability to raise funds through the issue of Ordinary Shares, explains why the Directors consider it to be in the best interests of the Company and its Shareholders as a whole, and provides the reasons for recommending that you vote in favour of the Resolutions to be proposed at the General Meeting.

sorry unless I am mistaken we just had a resolution to do a placing passed...?
Also Col has stated why its needed.......eg better production

Any idea when this is?
No doubt be the usual heavily discounted primary bid job..

Price holding up amazingly well considering Brent and WTI getting smashed.
Looks like to me the Saudis over producing again to smash the shale oilers as most break even around 50 usd per barrel...
Question is how low will it go...

22 September 2014 ....

Further to the announcement of 17 September 2014, Bellzone Mining plc announces that it has not yet been able to reach agreement with China Sonangol International (S) Pte Ltd on the final satisfaction of all conditions of the loan agreement announced on 18 August 2014.

28 November 2014...
Bellzone Mining plc (AIM: BZM) announces that its shareholder, China Sonangol International (S) Pte Ltd has advised the Company in writing of its intention to provide financial support through a secured debt or convertible loan facility of US$30 million to assist the Company in meeting its liabilities as and when they fall due.

03 December 2014
Further to the announcement of 28 November 2014, Bellzone Mining plc announces that it has received the advance of US$2 million from China Sonangol International (S) Pte Ltd under the existing loan agreement, as announced on 18 August 2014.

04 August 2015
Bellzone Mining plc (AIM: BZM) has been notified that on 31 July 2015, China Sonangol (S) Pte. Ltd. transferred its
shareholding of 571,024,179 ordinary shares of no par value in the Company, representing a 50.50 per cent. holding in the Company, to Hudson Global Group Limited (“Hudson”).

Are what I want to see and the production at arkoma. A lot of money has been spent there that probably would have been better spent elsewhere

I believe last RNS said study by end of Dec now and they have currently stopped all work on it.
That would imply within next couple of weeks we should hear something....

Great, balanced post, all eyes on next report

They seem pretty confident on Stanley so fingers crossed...
But u never know in the oil game. If it is non commercial you can be sure the MMs will give it to us with both barrels,
likewise if commercial at least it should clear placement overhang

I am not expecting dilution as Hudson don't want their share of the company reduced.
Let's just hope whatever is being discussed is finally announced in a frank and open manner as they have not give anything away so far.

Coming off, cheapos over...

Premium for even small amounts