AllNothing
You have to get out of your optimistic and stay realistic.
Let me help you:
Who is the owner of the assets? I assume bellzone but which one? The one registered in London, the franckfurt one, the Sweden one, or the former bellzone Perth?
I wondering. How can they rent a port that does not belong to them? It's true they had some money in the rental of Kalia gear, they have immediately spent for current loads and dampen some local debts. Moreover export of samples is stopped by lack of money.
Yoda!
Yes it's a game. But the problem is not the fact that it's a game. But is the game based on truth or logic? The game becomes unfair and is called a scam as soon as the basics are corrupted. Think about it. This is the case with BZM.
Yoda!
Cif 'China international fund, '" coastal Mining, otn mining, Kalia horizon, Hudson, former bellzone Perth... Are both shell companies around Kalia gisements.
Washing labyrinthe.
Yoda
CHANGES IN FINANCES The most significant change in finances was the decision by Bellzone to fully impair $92.2 million accounted for as an investment and relating to the joint venture at Forécariah (“FJV”). This amount is the long-term receivable relating to expenditure incurred on behalf of and cash loaned to Forécariah Holdings, for the development of the FJV operations. Forécariah Holdings is the FJV in which Bellzone has a 50% interest, that is accounted for using the equity method. The FJV has adopted a strategy to maximise the life of mine based on the known JORC-compliant oxide resources by limiting production to match operating cash costs. The strategic objective is to continue operations while buying time to further develop resources through an exploration programme while not requiring further funding from the shareholders. Bellzone believes that the impairment is required because the FJV’s: • title to the mining rights and assets has not yet been finalised, impacting on the Company’s ability to assign and attach a value to the assets; and • inability to date to expand the current JORC resources and related production plan to demonstrate their ability to repay the loan or produce a return on equity that is commercial. The impairment will be reviewed on an ongoing basis and will be adjusted should the exploration programme add resources to increase the production profile of the FJV to a point where it will make an economic return to Bellzone’s investment and the title to the assets is finalised.
Spakygg, militover.. The old people here can witness that: that bellzone have write-off all FGM (Fotecariah Guinea Mining) in their books including asset a d liability.
Comme down and analyze a little.
Yoda!
All their program is only illusions. They have rented equipment with other companies operating in bauxite.
Means not operating on the ground as shown in presentation.
Yoda!