Member Info for BigBear2

As alluded to by JC there are not enough ports to export th bauxite that Guinea is producing. Considering BZM have spent 120 m USD on their port surely an outright purchase of the port or even the whole company would make more sense than a deal to use it.....?
Not to mention the ferronickel and the iron .....chucked in essentially for free,..
It just seems to me things are happening behind the scenes and Hudson as our main holder are calling the shots...

Obviously that was a few years back but looking at the derisory market cap and huge value of in-situ assets, you would surely think a cheeky bid of 30-40 mill would be a snip for the Chinese who are investing big time in the country...
Any such bid would of course require the approval of Hudson, who may, for example want their own man in place to oversee such a deal smoothly....
not beyond the realms of possibility...

Shares in Bellzone Mining (LON:BZM) shot up on Friday morning forcing management to confirm that a bid for the company could be on the cards.

Shares, which closed at 3.02p on Thursday, zoomed up to 3.5p shortly after trading opened, and kicked on some more in mid-morning trading after the company said it is in talks with one of its major shareholders, China Sonangol International Singapore, about a possible cash injection that could lead to an offer being made for the company.


The announcement contained the usual caveat about there being no certainty that the talks will result in additional equity capital being secured and there was no clue as to the terms under which the cash injection might be secured, but that did not stop the market chasing the shares up to 4.56p, for a 51% rise on the day.

Yup its clear our major holder wants to see a reshuffle.
What's not come out is to what ends....
We know multiple discusssions are going on to monetise 1 r more of the assets.
As per JC interview on ShareTalk we know as well as the port that an approach has been made for 'early exposure' to our iron asset - and that can only mean a JV.
Any sniff of Glencore back in and we are talking a sp of pennies instantly..

Stop arsing around with these small(ish) gas discoveries and test the beast of a light oil column ASAP.

Nice buy in price..

That JC is still continuing with duties whilst reshuffle takes place...

Port $120 mill spent

All assets in play for JV/Buyout

Buy hold wait for the rise. Things going on in the background here....huge asset values.

Iron NAV $200 milk
Ferronnickel NAV$100 mill
Port

Defo feels like there is someone pulling the strings in the background for something material going on..
Iron JV(or asset purchase), Port sale or lease...?
Who knows but something is afoot....

1st time in a while.....51/52

Lets hope we are next for a re rate!

On ascent today.....

Shows how fast sentiment can turn on an unloved stock on AIM....

There are 2 distinct approaches on the aim:-

1. Find and undervalued company buy low and wait
2. Wait for the herd and pay(a lot) more and hope you don't have to wait for a gain

I prefer approach 1 as it gives far greater leverage

Nice I did exactly the same yesterday.
If you listen to the podcasts Julian also says they are unexpectedly also discussing a potential JV on their huge iron asset....
So we have
Iron asset - NAV approx. 200m(conservative)
Ferronickel asset - NAV Approx 100m
Port - USD 200m spent

Mkt cap - 9 mill...

Any one of the above materializes and bingo... massive bags

Yup mms being dodgy again 0.515 to buy

Have been going on for 2 months now...
Plus this reminder on the placing RNS...

'As previously disclosed, the Company remains in discussion with several parties with respect to their interest in monetising some or a significant proportion of the Company’s assets'

Since then we have seen Julian resign by mutual consent as CEO but remain to continue his executive duties Ie be at the forefront of negotiations on monetisation. This is pretty unusual and my thinking is it may be a condition of some sort of JV or agreement.....wasn't so long ago Bellzone had a JV with Glencore in place...

Nope it’s there shabba 1.9 mill followed by 100k common trick by mms red buys

Incorrect dude 2 mill from me loads of buys below the mid

That's another numb nut on my filter list...

This is what they are trying t9 sell, or lease = $120 mill spent to date

Konta Port was built over 3 years for an approximate cost of US$120m and has an installed bulk commodities capacity of 4 million tons per annum ('mtpa') with a footprint and berth capable of extension up to 10 mtpa. It has been successfully used for several iron ore exports in 2012-13 and constitutes a viable and rare port facility for both imports and exports. There is a shortage of port infrastructure for large bulk volume in Guinea and an increase in mining activity, as demand for a number of minerals increases, further enhances the potential value of this asset.