Member Info for smileywiley

Simple mr tadpole. otn mining ltd has it. that's what their subsidiary is for. don't u get it. look at all their f***king address. U think BZM is so rich to own an office in Singapore, with rental rates reaching a million a year? It f***king belongs to China Sonangol Singapore. Which company in the world would place another companie's address as their address, and claim it to be their office. When all they own is 1 stupid single cubicle to do their work from.

no riproar. i'm smiley. i'm just doing my own research, instead of following the horde mentality. oilex did me enough good of following the horde. rely on your own research. Look. i'm here to see the loans go through. everybody wants that don't they? but you gotta be realistic and see it from your own pov, that some things.... can't just go your way. I'm not saying hudson isn't going to release the loans. that was never my intention. But, in order to play the game, u need to know what the hell this game really is before u start playing it. Nobody wants to be on the losing side, do they?

but in the event if i do sell out, pls buy it from me @0.31 i would gladly obliged to sell it to you at that price :-)

sorry mr tadpole. i haven't sold any out yet. doing my research. perhaps, you should do your research too to understand what is happening, instead of following the herd's mentality. get some thinking done. Look at the numbers. they don't lie, ppl do lie. For i myself might be lying, but numbers don't. Let it speak to you from their financial reports. Read into the numbers and let it do the talk for you.

@kabisko but if hudson refuses to let bzm draw out on its existing loan, pre-agreed till 31st dec 2019. This means Hudson violated the loan conditions, and they are not gonna be able to attain bzm's shares. this only works by 31st dec 2019.

up to you to believe mrcautious. as much as i want to believe it's guess work, look at the financial reports for yourself. Note how bzm's current asset dwindled from 6 million to 1 million over the years. If you look deeper into it, note that they generate 0 revenue ( i wonder where all the revenue went to). Which business in the world would generate 0 revenue? I'm honestly hoping, crossing my fingers hudson would just release the loan for this upcoming rns, with new contracts and i'm getting out of this stock. or i may just sell out now, if simon doesn't answer the questions posed to him.

well kabisko i got one last question. why isn't hudson releasing the loans to bellzone now? despite them agreeing to the drawdown till dec 2019. if they do pull out now, hudson would not be able to get bellzone's assets. cause technically, bellzone did not default on their loans.

that explains why Simon is saying that it's a multi-faceted talk. They are trying to figure out how to not lose the license and fully transfer ownership to hudson i.e. china sonangol. smart way to do things. and yea, fools like us.

@mr cautious yea, i'm heavily invested in this share and i have great minds to pull out of this.

The Loan is secured by the entire issued share capital of Bellzone Holdings SA, Sadeka SARL (holder of the Sadeka Exploration Permit), OTN Mining Limited and Coastal Iron Development Limited (holder of Bellzone's interest in the Forécariah JV), each of which is a wholly-owned subsidiary of the Company; and

· China Sonangol will be able to enforce the security if Bellzone defaults on the terms of the Loan.

got that right.

Well Kabisko, I went to find sham companies. This company is indeed very smart. They transferred Kalia's Rights to their OTN mining Limited (from their Jersey subsidiary). So in the event when they really do go insolvent which could be this time, whatever debt BZM owes to Hudson, it will be financed with the asset they possess which goes back to China Sonangol. Moreover, all the profits that they have made have been stored in OTN mining ltd (which is why BZM is making 0 revenue). So, in other words, when they do claim insolvency, they already laid a foundation for it, where basically all the liquidation would be paid out to China Sonangol, and China Sonangol truly. Am I right?

You're saying this time round, BZM is not going to make it? because Hudson refuses to give them the loan? @kabisko

in very simple words now. for those that didn't catch what i was saying. It's either CS singapore pulls a plug off BZM and here we are, bust and we lose everything. But if we do survive this round, i really do cross my fingers, this cycle is going to repeat. Good news --> share prices go up--> placing of new shares --> share price goes down --> a cycle until one fine day, BZM can't pay Hudson and they close shop ( it's just when it happens and i'm hoping it's not this time).

GLA.

@mrcautious well. simple. when bzm stops production, who suffers? when u answer this question, you know the losing parties.

and i do believe, when u meant by organized scams. I certainly feel that is part of the definitive contract Simon have been discussing with CS singapore. Honestly speaking, I do geddit finally. Do you guys think placing shares were put in there by coincidence after a good news? it was all timed, to give BZM a reason to cut it out at that price. It's been all organized and planned by these 2 companies. And they will continue to do this (even if they pull through from this), to cheat shareholder's of their money and eventually close BZM because of their inadequacy to pay. This might be their last straw, imho. If they do weather this, and they go into 2019 with production and more "good" news to drive share prices up. eventually, bzm is going to advocate placing more shares , with the hyped "selling price" to gather more investors. This is the trend that's been happening for this company. So sad, but it's true.

@kabisko thanks for knocking some sense into me. I'm just wondering, why would Hudson/ China Sonangol decide to pull their strings now when right after the feasibility study is completed, production will be well on its way. U got an answer for that?

If you do bother to look at their financial statements, notice how their assets have been decreasing significantly over the years.... with no mentions of how it went missing. Also, if u do notice the assets to liabilities ratio, you do realize that they have a meagre 1 million in current asset (idk how their konta port asset went missing, prolly it really doesn't belong to them as kabisko and walko mentioned). So many red flags, and here we are believing in the ceo over his word choices when hard facts are dashed out in our faces.

I understand that we are all shareholders, and some of us are in too deep. In my honest opinion, even if they can fully harvest out the mines, they won't be able to repay Hudson in full.

Do you all think the board of director michael stepped down willingly? it's simple. bellzone doesn't have the finance to continuously pay this money loafers. Moreover, if you do realize, it's pretty obvious how shareholders in this company ends up getting exploited as always. BZM is simply not getting their loans, because they need to get their future right (in what hudson wants i.e. their repayment of loans and ownership of this company). They need hard facts and good plans to materialize their konta port and the mines they own. But as we can all see, nothing is firmed up. It's all about study and feasibility project that is forecasted to end by "a certain date".

In my honest opinion, If simon and julian is unable to settle a firm enough contract to seal the deal for bellzone this time, i'm sorry guys we are the ones to suffer. Not a single penny will go to our pockets. But if they do, please do sell out immediately. Invest into other companies that are worth more. This company will continue to issue more shares to get more fundings to bail themselves out. Who suffers? We, as shareholders, suffer.

I do hope you guys realize Hudson is a shell company, which basically means they are having talks with China Sonangol Singapore. If i'm not wrong, the only reason why bellzone is still alive is because of their names in all the projects, signed with new guinea. If not for that, good luck to bellzone mining. I sincerely wish the best for all of us shareholders, as talk progresses. (imho, this talk could just be sham and there's no talk to even begin with, they just need a reason to shut this company down which could be now but who am i to say anything).

On a side note, if you do realize on 2014 when they implemented a new bod, they announced him straightaway. But for this year, they didn't. So many red flags. So many issues. Let's just hope for the best, that Simon is really having talks, and that he will be able to attain a definitive agreement to save our asses this time. GLA, have a great day ahead.

hahaha addams. I really enjoy seeing you post over here. I think they are saving for the next raid up alr

was reading the 2014 funding issue. whenever bzm deals with china sonangol.... it takes almost a few months. which explained why the funding update took so long to happen for 2014. Hopefully, it is the same situation as this one.

definitely no icarus. well @mull. 3 options, of which iit's two now. buy to hold, or sell.