Member Info for EyeGuy

Agree bigbear. We have had Julian cheong state they are in advanced talks to monetise assets:
1. Konta Port - spent $120 million. Owned by bellzone. Strategic significance for bauxite and iron ore exports.
2. Kalia- interest from global players

Charts won’t matter if we wake up and Chinalco offer £250 million for the whole company.
£250 million is approx 3 months of interest charges on the railway for simandou. So really a buyout at that will be cheaper than not buying out bzm and borrowing $20 billion, and building a railway to simandou before any mining has started. Speculation from my part but I just can’t see any other way than the Chinese to start kalia first. Government has already said simandou is a priority.
I will keep adding more shares. Almost there now

Yep. Happy to hold. I thought this would be higher but lots of share shuffling in the background making sp unpredictable

Was probably mine

Thanks Haddad. I listened a few times to it before I added.

Kalia- active interest from the biggest strategic players and financial players.
From the interview after 6 mins.
All assets have interest. Konta port- 4 million tonnes per year scaleable to 10.
Owned by bellzone - cost put in $120 million.

So in advanced discussions for the port. Approached by biggest strategic players for kalia.
That will imo be Chinalco then or another part or state owned chines company imo.

Page 3- shows the rail link likely from simandou to port- passing through kalia
Page 11- states kalia likely to start production first to drive down the marginal costs for simandou.

http://www.bellzone.com/images/downloads/bellzone-investor-presentation-march2018.pdf

Which is an odd thing to say unless they think that it will be taken out by the owners of simandou - ie Chinalco.
Also look at the interview and note bellzones historic investment in guinea have been noted. And it’s circa $250 million or 10p per share of these spends were retuned.
Dyor

Differences now compared to last year involve the Presidential Decree promulgating into law the Addendum to the Kalia Mining Convention.
This was a planned event last year and it has been passed.
This now officially unlocks kalia whereas since 2010 its been sat dormant.
The government now have cash which according to the ambassador they want so spend.
They have the political will, the money and the assets. Last year was a different story. No.1 on the list for the president is sorting simandou. It’s a government priority. How they start this without bringing bellzone to the table for me is iS not realistic. The ambassador highlighted the huge costs for rail from simandou and highlighted too it was easy for bellzone as it’s closer to port. Also noted was how important ports are.
As an end game here imo I think Chinalco will take out bellzone fully, they will build infrastructure from kalia to port and use profits to help pay some capex for kalia. And I’m guessing the tie in will mean that the Chinese get the contracts for the infrastructure. See what you think. From 12-13 mins in.

https://www.share-talk.com/share-news/the-guinean-ambassador-to-the-uk-alexandre-cece-loua-interview/

Me too. I think 0.60 will stick.
Government has the cash and political will to get this developed.
Bellzone can offer a port (already spent $120 million) and still large project which is scaleable from ferro-nickel to kalia 1 then kalia 2. Npv for kalia is circa $500 million at 2018 fe price. Happy to hold

I think from memory the infrastructure for Simandou is $20 billion. It is much much less for Kalia and if you look at the presentation it has the geography of Guinea. Makes much more sense for kalia development and phased simandou development from kalia profits. it is still profitable at this iron ore price and port capacity can be doubled.
taking out BZM for say 10p per share is loose change for Chinalco. we will see.
im holding

Agree Bigbear. Complete takeover at 10p per share will be loose change for Chincalco. I cant see any other way TBH.
We will see of course. Just added another tranche.

ok bigbear ;-)

Guinea ambassador has said no1 priority for the President is Simandou.
Infrastructure costs are huge and makes much more sense for BZM to start Kalia first.
They are half the distance from the port and rail link from Simandou has to pass through Kalia anyway.
BZM also have Konta port which can be used for Bauxite and Iron ore exports.
IMO I cannot see any way simandou can be developed without kalia being developed first.
And Simandou will be owned likely between Guinea state and Chincalco imo.
Just for BZM to recoup historic spends in Guinea its 10p per share.
They are in talks to menetise all assets including Kalia- they have had enquiries.
Market has missed this completely. I have not
dyor

added again.

will do more next time I think. we will see

added too just now but had to pay over 0.59. was wanting low 0.5's tbh. Still think this could do 1-2000% from here
dyor

ask 0.60p.
My money is on a complete T/O by Chinaclo at 10p per share.
That's a hunch so don't believe anything I say. But that is recouping the historic spends in Guinea by BZM, and if anyone has any idea how Chincalco can develop Simandou without Kalia first I would love to hear it.
DYOR

Big bear. Are you on twitter pal?
let me know if you are and post on lse what your @ twitter is- and ill follow you back. and send u a msg

Im not saying anything Reall.
My lips are sealed

Sharktooth is deeper but that is thought to be the high grade ore and the source of m2 mineralisation.
We just need the drill to penetrate through the caprock and get the results back

Note the longest intersection has the highest grades.
And mineralisation from surface.
A great result and one they can build from now.
Brilliant

I agree. move along folks. nothing to see here lol