Member Info for MULLITOVER

I still say there's more to this than meets the eye...

A portion of the treasury shares were transferred to Julian and Simon in two tranches. I'm sure it would have been against rules for them to sell any whilst having sensitive information. For example the 1628 sell just before the after hours RNS.

that SVS had forward sold the recent placing... If anyone hasn't already looked, they are holding a significant 8.72% of the company. There's more to this than meets the eye.

Some sort of connection to Simandou perhaps- Chinalco...? As someone recently stated, it's halfway through the infrastructure corridor so very viable to provide earlier 1st phase development of both mines...

The 2010 mining convention had to be updated (hence amendment) because of the discovery of Nickel. The 2010 mining convention was drawn up in relation to Iron Ore.
Mining taxes due on iron ore shipments as per the 2010 convention were;
Iron ore 7% FOB value.
Iron Concentrates 3.5% FOB value.

There was no mining tax in the convention for the Nickel - NPI. They can't mine/sell nickel if they don't have the signed legal framework in place to do so!

The mining tax for the nickel - NPI has been determined at 2% FOB value. The mining tax on the Iron products remains the same as above.

Hope this provide some clarity.

Like Simandou, the Government will be keen to see progress with Kalia. Simandou is a previous example of what happens when the asset is just being sat on. One advantage for Kalia is the massive magnetite deposit - resulting in a 67/68% iron pellet. The Chinese are scaling up with their demand for higher grade due to their anti-pollution policy. That's someway off but everything is pointing in the right direction regarding the end product. The purchase of 85M from a few weeks back tells me something's on here ... AIMO...

"The share price has not moved all day, what does that tell you!!!" It tells me it's a great time to top up.

1M... whilst going cheap.

Sparky, my understanding of the ammendments, was so the ferronickel project could be included and therefore signed off.

Simon Brickles maybe leading the discussions in a slightly different direction... Hence the RNS.

Sparky, No, I don't. Don't forget, discussions are still on going in the background regarding Simandou. There's more in play than just Kalia here imo.

I think there's more to today's RNS than meets the eye...

Here's a recent post on ADVFN ; 'Rallying iron-ore prices are increasingly turning Kalia into a highly attractive asset; ideal for the cash-rich, asset-hungry players currently swarming Guinea (see below). Coupled with this, the company is rumoured to be close to sealing a material sale and purchase agreement for Konta Port with Chinese investors. For those new to Bellzone, the Kalia Iron Ore Project is Bellzone's 100%-owned flagship asset and is host to JORC-compliant resources of 6.16 billion tonnes of iron ore and 79.3 million tonnes of nickel ore. The current market value for this asset is in excess of £200m. Bellzone is currently sporting a market cap of £9m. Yes, the company is profoundly undervalued to say the least.'

Looks like Eyeguy and SCC06 have now left the building...!

Oilbell BZM is not debt free - that's misleading.

https://m.gulf-times.com/story/606113/Iron-ore-s-marathon-run-in-60s-belies-a-market-in-

Ifonly it went up in a straight line... Unfortunately it never does.

'If the company doesnt say something soon, this will risk going back to single digits' I'll take some more if that's the case...

" Prior to this he was with BHP Western Australia Iron Ore where he was General Manager at Mining Area C, the largest iron ore mine in the BHP portfolio.." Good appointment then!

Still looking in...?