Member Info for smileywiley

@beginer i fully agree ! But i just think it’s still not the time for BZM to go just like that. They might be transferring assets through another shell company. Mu guess on this through this conspiracy theory

Let us find some solace in their website first. They took it off apparently. Well. Allnothing. It’s all or nothing right. I just think some underhand shit is happening right here. Right under our very nose but here we are too focused upon the suspension of prices and the share price falling

Kabisko does this mean anything? I have to agree with u for everything. The only thing that i do disagree would be its insolvency timing. I dont think it’s happening now. But yea. About transferring assets, hudson could have set up a further shell to release the port to them at an even lower price. Who knows.

Truth to be said. They did talk about monetizind their port asset since 6 months ago. Let’s see whether they will put their mouth to the test of making it a reality

For one thing, only hudson( china sonangol) and BOD OF BZM knows. Let’s not try to guess the reason, but see what is BZM BOD gonna do about this one in monetizing the port asset. Certainly, hudson just wants their loan to be paid back, and to see this company make money again. I don’t see why they would say no to such a deal ( because there’s a reason why the BOD are here to make such decisions) not CS. Let’s see what happens next. Boom or
Bust, binary.

Well, why not answer me then. Why can’t they just go insolvent right now and just end our misery. Why even TALK about monetizing the damn asset.

Why not you ask simon yourself allnothing? Why did they shaft bzm despite agreeing upon loans? Maybe,just a guess. If hudson alr knows that bzm is monetizing its port asset, they wouldn’t need to grant anymore new loans. Or maybe they have had enough of being cashcows and they just want bzm to settle things for themselves. Look. 2014 was a clear reason that china sonangol wants more than what it can chew, and only with certain agreements, did they pull through. For once, we may never know whether china sonangol actually gave a green light go ahead to monetize the port asset. All these are speculations. Let’s hope they really did give a green light, and because of the huge sum of money in monetizing the port asset. I just don’t understand why would they want to default on the loan agreements and not get fully property of BZM by dec2019. It’s just one more year

I do hope that i’m right, but there’s nothing much we can do about it now given the suspension right? Let’s hope that they can really monetize this port so BZM can start finishing their feasibility study and move on to make some money. ( by then, i hope everyone of us here has left bc we all know this is not worth the risk to reward ratio). I just know that dec 2019 is the year of repayment of the loan and i definitely do not want to be here when that comes.

Well it’s natural to be a killjoy because u have invested too much into this to let it go.... but hey. If they were to be insolvent, they would have announced it with today’s RNS. Hope that clarifies what i meant by going insolvent ( no step by step means). Why not just close BZM now? Why bother telling us about monetizing the port asset? As someone mentioned about the BZM owning port’s land and not the asset ( think it’s walko or kabisko). It’s the greatest value of the port so, let’s hope something comes through with it. As to china sonangol, honestly idk what games they are playing, but they have messed up this chess piece really badly. Let’s hope BZM can emerge out of this and we as shareholders, can walk through unscathed. That’s all I wanna leave you guys with. Hang in there.

If they had been insolvent guys, they would have already started this insolvency procedure. And there would be NO NEED for a talk on monetizing their asset. But they did. So, let’s just take comfort in that. Whatever the case, this is out of our control. And we can only see how. Let’s hope they do come to a deal FAST, within a week or two. If not, we realy did make a bad investment choice. But i still stand by what i said. The greatest value is the land value of the port, not the infrastructures that belongs to the failed FORECARIAH venture.

REALL. Don’t lose faith in the BOD. As much as i have lost faith, what bellzone mining owns is the land, and to the very much of my understanding of ports, the greatest value a port possess would be its land, not the infrastructures. And this involves a whole load of complexity in terms of negotiating how to monetize the port, and not keep the port there just for show. Let me put it to you in one simple manner. It doesn’t matter who owns the infrastructures on the port’s land. Because the port land has the greatest value in terms of being bought over and redeveloped for another reason/ used for exporting and importing, whatever the case. I feel really angry with what happened, but using my own logic. There’s alwaya a silver lining in the darkest cloud. Take heart.

Yea i do agree with u @kabisko. I was thinking that if they had alr agreed to the loan to give it to BZM, why pull out now? But as you said, no money so i guess china sonangol wanted it to be that way. I was honestly banging for a good negotiation of a bailout plan for BZM because they are just missing the final step i.e. completion of feasibility study before they start earning their revenue. To me. It was ridiculous for BZM to close operations when they are so near to completion. I’m honestly hoping Simon holds true to his words of monetizing the port asset so that they can start production. That was my main bang, and is still my main bang on why I held on. I guess. That’s pretty clear to me now given the RNS update. I just hope that They really do manage to monetize this asset so all of us investors here can finally start trading on this stock once and for all. I’m sick and tired of the wait games.

For once. I have to agree with u. For some weird reason, i feel walko is just a disgruntled person about bellzone. He is not wrong about that. Just that i don’t think it’s bellzone’s time now. Not yet. Not now. They still have cards to play, just lacking the time to finalize that card. Patience investors. Let’s hope they manage to pull out of this one miraculously. But on a brighter note, we do know now RNS is before 15th dec :-)

Deeogi what do u mean?

He states facts but he discounts the facts of the talks and discussions bzm
Is having. He is right to just say that the ministry of mines wants to know what the heck is going with bellzone. Just like us. And the only way to do it is through financial statements

And what is the implication of you saying that? Doesn’t speak anything

yea this week would be favorable. that buy @0.275 tho.

why so @invester

just think about it. if news has alr been leaked, 0.25 would not have been the upper limit. probably 0.3++

don't see it that way but we know it has to come soon. rns has alr said.