Smileywiley what you say is right and walko to but as the technical adivicer the only make acquisition for GDC who was the only owner of license and investment to take iron ore to production. Any deal with third-party what is not authorized by gov is what the call in Guinea Mining code 'ammodiation of right' and can cause right withdrawal.
OK in simple words they was playing with Guinea gov and innocent people on Aim.
Yoda!
Smileywiley yes the wrote because that was only a JV here in Aim. It happened in 2013 when gov suspected something was wrong and ask bellzone what was their relationship with GDC in Forecariah process.
Bellzone answer was that they were only technical adivicer to GDC.
Yoda!
Technically they don't have rights to asset anymore.
In the last signed avenant it was clearly stipulate that they have up to November to submit a BFS other way the license will be withdraw.
They have default to submit it and gov have rights to take it from them.
Yoda
EyGuiy can you make for me a difference between investissement company and money loundry company?
And all you are doing is speculate on the lies from bod.
And looking at the forms they give to scheme to justify their lies.
Yoda!
Bigbear2 your money was use as wages to bod. Bellzone have nothing to do with Forecariah Guinea Mining and nothing to do with their assets.
If one of the shell can claim ownership maybe Hudson as a parent shell company of cif (China international fund), CS ( China sonangol) former JV between Angola national petrol company sonangol and cif., or GDC (Guinea développement corporations) Sam Pa actionnariat with former Guinea junta. Unfortunately FGM (Fotecariah Guinea Mining) went insolvency and all assets confiscate to pay creditors.
Sorry for you but this is a fact.
But you can continue to listen to the official and authorized lie (BOD).
Yoda !
Konta port was Forecariah Guinea Mining asset and went insolvency many years ago FGM was not a JV as bellzone showed but a unipersonal company with jack Chen former Cif manager in Guinea as the only older. Konta port, yomboyeli mine and assets are sealed by court.
When that happens the ask bellzone about their relationship bellzone said that they are only a technical assistant to FGM.....
If you see my earlier posts at the time I was saying that FGM was not a JV and has nothing to do with Bellzone.
Yoda!
Yes even the way Hudson and CS got shares by connecting loans to share with dilution and changing the capital structure with impact of more than 5% without Guinea government approval.
Yoda!
@Smileywiley I told you that Hudson didn't have a penny and was a shell with zero value. And Konta port is not bellzone propriety.
I am very sorry for those who lost money and have to wait till court and regulatory sort this scam out.
Yoda!
AllNothing you are lucky as you say be a trader not an investor if you can't control all the aspects of the company. And you are right to talk about regulation they with lack of regulation in aim and the fact that Guinea government those not have control of what is going on here against Guinea regulations.
I wish all of you to recover where ever it comes.
Yoda!
@smileywiley I will not advise you at this stage to sell. You can keep them till compliance. It will take long but the issue maybe your money back.
Yoda
I told you before that Hudson is nothing more than an empty shell. With 20M balance when CS transfer the ownership to them.
And don't forget that they already sold some assets like lith vehicles and put some big engines to rent
That since one year ago.
The government is victim of idiots and you victim of trusting them.
Yoda