Member Info for JimBL

Take it as you wish - but his own words on 'funding' should be enough to make anyone think. It's been almost 1 year since we were suspended from trading due to the RTO story. That, after 6 months (of suspension), turned into a JV. Where's the investment, Karl? Not a penny from anyone yet. A sensible person would ask why the money isn't chasing his claims for this project.

Maybe you want to be asking yourself why they only bought 2k's worth? How much do DB own now?

You clearly don't realise that Blytheweigh are now STEL's financial PR advisors?

So, the 'big trade' yesterday was nothing more than a bed & isa of Karl himself. Poulton has added around 8 grand worth today. Whoopie **** doo. Latest Tip tv release is funny. Karl is being 'interviewed' by STEl's own financial PR agency! That's about as legitimate as Sean Spicer interviewing Trump over Russia.

"He told Reuters that Stellar Diamonds planned to go to the market in the "not-too-distant future" to raise further funds for the development of Tongu-Tonguma, which would cost $32 million. Smithson declined to be more specific other than to say he meant this year, adding that the mine could produce diamonds within a year of the financing being completed." https://uk.reuters.com/article/uk-stellardiamonds-leone-idUKKBN18W2GK KS declined to be more specific. Well, there's a turn up for the books. 22nd March Tips TV interview he stated - "In the meantime we are continuing to engage with a strategic investor, looking to bring the necessary funding into place, and subject to that funding coming in - we would be looking at a 3-4 month FEED exercise". Well the JV was signed off. The FEED has been announced. Where's the investor, Karl?

We had no plans (nor money) to develop the assets further and Droujba license expires October this year - so any income for a company which is presently skint has to be a bonus, if this deal actually goes through. Then again, it wasn't too long ago that Droujba was touted as a 'company maker' also. $250k will barely dent the sp let alone double it. As we stand at the present time we are now a one asset company and without funds (yet) to develop it.

Despite the almost Trump like ramblings of another - who I most definitely will not be responding to again - the dealings of Koidu / Octea are far from normal by any stretch of the imagination. Anyone who thinks a deal with them is just 'business' (and a good one) really needs to do some further background reading. Koidu concession was originally gifted to Executive Outcomes - a south african mercenary company - as part payment for fighting the RUF. EO were made up primarily of SA mercenaries including Jan Joubert and 6 current Koidu employees (Google Tony Teixeira). Despite several name and ownership changes since then Koidu holdings started production in 2004 (then owned by Steinmetz/BSGR) Previously published on Bloomberg website but since redacted, named two of Koidu Holdings executives:- CEO, Jan Joubert (the same guy and now Chairman of Octea), and President, Dr. Ernest Bai Koroma :– yes, the President of SL is/was also the President of Koidu Holdings. Go figure. "The Koroma government has recently been strongly criticised by international agencies, including the IMF, for granting tax concessions and exemptions especially to mining companies, valued at more than $200 million a year." Moreover, Teixeira is an old hand in this game - ‘Tony’ Teixeira, who has a chequered career where African diamonds are concerned. According to government officials in the Central African Republic, Teixeira’s operations there ended in confusion, with unpaid taxes and allegations of a partnership with the President of the country" Oh so familiar - and the non payment of taxes begins to make sense, huh? That is the state of the company we intend to JV with. 'Encumberances' mentioned in relation to Tonguma are therefore somewhat of an understatement. Considering Koidu major backers (Standard Charter and Tiffany's) are owed considerable sums it hardly seems surprising that STEL is having difficulties in finding or announcing the much needed 'investor'- to hive off diamonds from Tonguma.

What other companies do is immaterial - I didn't choose to invest in them nor did other SH's in STEL. You have no idea if they have been running a net profit/loss or not - once again you are surmising or making it up. There seems to be ample reported evidence that they exported hundreds of millions of $ worth of diamonds(at the least) but if you have access to Koidu's accounts then feel free to post a link. The 8% royalties, if you read the licensing and other literature, only applied to diamonds (special stones) worth over $500k. That alone should make your mind boggle and alarm bells ring considering the total royalties paid. Further, the Tonguma licence agreement required only a 25% income tax payment. How much lower would you like SL to go? http://mofed.gov.sl/Tonguma%20Agreement.htm As for stiffing their major backers, if the well researched media articles won't budge you then I surely never will. But once again, choosing to ignore them is a choice of yours I find hard to fathom. Tiffany's are no doubt still receiving diamonds as they helped finance the damn mine! But at the end of the day, whatever 'encumberances' Koidu have with Tonguma - we ARE NOT being told by STEL what they are despite the deal being what they pin their hopes of existence on. Have you asked what they are? If not, why not? It's your investment at stake after all. Lie down with dogs and you catch fleas. You, fella, equally make me itch. So desperate for a few quid you couldn't give a damn about the company we keep nor what they have done. Say's it all. By the way - that 'investor' is still no closer to being announced nor found - approaching 1 year after suspension -despite you believing what a world beating deal we supposedly have. Mike drop. I'm done with you.

Page 13. 15.3 onwards http://www.nma.gov.sl/home/wp-content/uploads/2015/07/Mining-Agreement_koiduHoldings.pdf

Steinmetz is so bent he can't lie straight in bed at night. Property tax is just the tip of the dung heap. Koidu were supposed to pay 35% income tax on net profits never mind royalties. Steinmetz has done nothing but stiff SL the same way he is doing to his two major backers - Standard Charter and Tiffany's. Go ahead and look up income tax or corporate tax for Koidu on the GOSL Online Repository (which I know you use). NADA. That you couldn't care less about these facts or who we hope to be in business with speaks volumes about your rabid tub thumping. I guess everyone is lying or just plain dumb when it comes to that company and all manner of problems it could bring - other than you of course. https://panamapapers.investigativecenters.org/sierra-leone/

I can still see the posts before logging in. Now, I didn't ever say STEl was corrupt. Inept? More than arguable in my view given the performance of the last 7 years but I do question the whole JV (or failed TO). Octea however (or certainly Steinmentz) is irrefutably dodgy. Royalties paid, yes. But no taxes - as they aren't registered in the country and there's been a law case over that previously. http://awoko.org/2016/04/08/sierra-leone-news-octea-is-not-a-registered-company-in-sierra-leone-justice-alhadi-rules/ Without the need for more name calling - my perception is that we have been notified of 'encumberances' applying to Tonguma. Given Octea's track record then I suggest that is something we all need to be told about particularly when the whole plan is to combine the two assets through the JV. They had been warned previously they faced losing the license - so isn't that something which all shareholders here should be concerned about? Why aren't they telling us what they are? If anyone can get an answer on that then please feel free to post it as I've asked the company several times and get no answer. Throwing a tantrum because the facts aren't as sparkly as the company presentations, does not make the facts any less substantive.

http://www.thesierraleonetelegraph.com/?p=12325

RNS 28th April 2017: "Stellar has invested US$7.2 million to date on establishing resources at Tongo, equivalent to approx. £0.14 per Stellar share". Less than 1/6th of the $45 mil alluded to and 3 x less than was spent on Kono. History would also remind us that it was stated Baoule was to be a 'company maker' only 2 years ago. Instead, it was JV'd off late last year for absolutely zero return so far. As for now - BSGR's form in SL (owner of Octea and Koidu Holdings) should be concern for anyone, let alone the failings of our own BOD. Steinmetz/Octea is beset with debt, unpaid loans, unpaid taxes and corruption charges. “Facts do not cease to exist because they are ignored.” ― Aldous Huxley

Sure. It's not important that they only had $220k of non Baoule diamond sales from 4 other sites. They spent $19 mil on Kono - you think that was 'sampling'??? LOL! Perspective - that's 7 times more spent than the current Mcap! It's not important that the BOD's lost that asset, or JV'd off other assets, for as yet a big fat zero? So, you think successful diamond sales wouldn't be good enough for investors? Do Oil companies keep their oil so investors can look at it first? However, the end of year financials indicate that only $26,934 worth of diamonds are actually held. Gee, that's not important either, huh? Many more facts worth discussing - none moreso than what are the 'encumbrances' on Tonguma? Serious enough to warrant a mention - yet once again zero explanation, and I've asked KS and the CFO for one several times. They are bust NOW you simpleton. Without an investor they can't even pay for the Tongo license ($0.5 mil) let alone actually mine it. Glad your two minutes in here since February has allowed you to write off the historical failures of the same BOD you seem to have so much faith in. Or are you just so desperate to ramp to others so you can get your 500 quid back? Filtered. Had enough of your inane, uninformed drivel.

And P.S. Before you respond with even more unqualified drivel - I have asked KS personally where the diamonds are or why they haven't been sold. I was told they "were being kept to show to investors". The smell of BS emanates from the Chairman I'm afraid.

Poorly researched? Hahahahahahahahahahahahahahahaha! A 1000 ct parcel went for valuation - end of. No indication anywhere, at any time, of how many Tongo diamonds have been sold or even offered for sale, ever! If you had any damn clue of what you are talking about then you would be asking where are all the diamonds from Kono, Mandala, Katcha and Droujba also? Furthermore, they didn't even manage to sell the whole parcel which was on offer. Frustrating- is reading the utter rampy drivel you post which is always devoid of actual fact..

Chas, as you may recall the sales were supposed to take place every 2 months from Baoule. They stopped after the 2nd one (May 2105) which was somewhat of a flop. No clue where the rest since are and of course Baoule (and Droujba) have been JV'd off to Citigate - who also haven't paid us a cent yet. Not a single stone sold from Tongo in a decade. Ive asked the question before - where are the diamonds from all the exploration?

Hindsight, huh? You think you're insightful, yet all LTH's here bought in years ago on the same perceived expectations which you currently hang your hopes on. You aren't a genius, you simply bought the latest version of what the company has been peddling for years. Except now of course they are running on vapour and hoping the last toss of the dice saves them. I can't disagree that i should have got out after the Kono news broke. The sp slumped by 2/3 BUT the BoD enthusiastically stated confidence in getting it back. I also received many emails from KS with the same message and that lasted until the end of last year when they finally wrote it off. As i keep saying - stop trying to keep negative facts hidden. And do stop lecturing me on a loss on one share when i've had more than enough successes elsewhere to make this irrelevant. Maybe your whole piggy bank was spent in here but mine sure wasn't. Certainly helped me learn the AIM game though.

Quite presumptuous of you. In a loss here as is just about everyone who has ever bought the share (so what - that's the game) unless you came late like you when the share price is 2/3 less than the post consolidation level. Or in old money, it;'s gone from a disastrous 0.0033 to a catastrophic 0.0011. No boom, just a long drawn out hissing sound as it has deflated over many years.

LOL. A bloke who keeps posting "BOOM" in relation to this share should really go easy on suggesting others have an agenda. My 'agenda' is simple. Hopefully get some cash back as they ain't worth selling now. You on the other hand seem desperate to get others to buy in and historical company failings seem to be issues you desperately don't want mentioned. Hopefully my comments will make people read the full background before deciding to purchase - rather than yours which are simply reposting the company line from the last two minutes. By the way, the other company has a BOD who have a track record which includes creating and selling $1 billion worth of ventures. Ponder that fact (I know you hate facts) before making yourself look and sound like an even bigger tit than you are.