Member Info for MickR

China Sonangol/Hudson does seem to be linked to the Chinese state, very frustrating for genuine holders to be left hanging, surely the Chinese should pull their fingers out and acquire the 50% which they do not own at a fair value....1p to 5p?

The cash would have been eaten up on the drill as they were not able to secure a farm in/JV. Sadly, I see this dropping to sub 2p.

Pa heading to Guinea means money coming in for us.

The more I read posts from boots on the ground such as Walko, the more I am inclined to believe that these derampers are on the payroll of China Sonangol out to crush the SP so that they can acquire the remaining 50% BZM shares which they do not hold on the cheap. bWTFDIk

DYOR

Well well well, it looks like Sam Pa, ostensibly the head honcho of China Sonangol, is back in action
http://www.africanews.com/2018/10/04/disgraced-chinese-tycoon-building-angolas-new-airport/

Next stop Guinea?

Walko, are you suggesting that the BOD is lying about monetisation and third party financing which appears to have been agreed in principle and simply awaiting CS signoff? At the current SP, the company is priced to fail, any good news will see sentiment return. Fridays investor call should provide some clarity hopefully on where things are with CS etc. I am holding.

Majority Shareholders:

http://www.bellzone.com/investors-media/shareholder-information

Instructed my broker to vote in favour of both resolutions.

One thing is not clear, even if Hudson agree to disburse the remaining loan balance, is the authority to issue more shares still required for third party equity investment?

strudel,

Talking utter tosh, the mining convention has just been ratified by the parliament, the ink has barely dried. Back to business in China after a week long holiday last week, let us see what news comes out if any re Hudson.

Guru ...not...He was pumping Big Sofa Lon: BST and apparently lost 40000 pounds when they did a fund raising at 3p

Funding/deal news or leak will see this move quick. People have taken positions. Yesterday's volume was massive.

China International Fund, part of the China Sonangol group has been involved with Bellzone since 2010 http://www.chinaafricarealstory.com/2010/06/china-international-funds-new-bellzone.html?m=1

We are a very small part of the 88 Queensway empire: http://www.chinasonangol.com/mining.html

For folks who wish to know more about our majority shareholder:

https://www.ft.com/content/308a133a-1db8-11e4-b927-00144feabdc0

Ratification of the PA will be the catalyst for a serious re rate....at the moment this is doing well despite the recent fundraising, overhang cleared even though the AIM market is generally faring badly.

Some useful background info for newbies
http://www.valuethemarkets.com/index.php/2018/01/16/exclusive-doc-interviews-bellzone-mining-ceo-julian-cheong-companys-potential-comeback-bzm/

In fact, my further research today tells me that BZM is such a small part of the group that it probably explains why Hudson have not yet responded to the BOD...priorities elsewhere. They will respond when they are ready.

Eyeguy,

It is not a case of Hudson not having funds, If only you knew how deep the pockets of China Sonangol are and the net worth of the group behind Sonangol. We are talking billions of dollars. The group is run out of Hong Kong. Singapore is just a small holding entity.

There is no way they will let BZM go bust, you can take this to the Bank. 3.2m dollars is pocket change for them.

Chinese national holiday this week https://www.officeholidays.com/countries/china/index.php

This week is a national holiday in China so that may be why Hudson have not responded, if that is the case.