Member Info for smileywiley

nothing is even stated about it.

The same corridor was given by the government to both Rio Tinto and Bellzone for the road. Source of conflict ? Preserve some. What nenni! The government has a plan that does not displease Bellzone, contrary to what people believe.
It was during his last press conference. Mohamed Lamine Fofana, Minister of Mines and Geology addressing the issue of the corridor given both in Rio-Tinto and Bellzone revealed: '' The Ministry of Mines and Geology is developing the master plan for the infrastructures of the Guinea. It is in this scheme that we will solve all the problems related to the development of railways in the mining sector. Trans-Guinean is multi-user. Which means that it can be used by both Rio Tinto and Bellzone. We want a harmonious development of infrastructure in Guinea and the World Bank supports us in this direction. Studies have already started. ''
At Bellzone, it is almost the same sound that rings. "Bellzone has always said that the entire rail line serving Kalia can and should be part of the overall railway plan that will serve the Simandou and even Nimba deposits. Kalia is almost halfway between Simandou and Forécariah. It is therefore logical that a single railway should be built and shared by the different projects covering the export of iron ore and logistics for the transportation of Kalia, Simandou and Nimba diesel. If every project has to pay for its own railroad and port, it will result in a considerable extra cost, "they say before adding. "A single railway can be financed by combining the efforts of all actors, together, with a view to reducing costs for all projects.
As a reminder, Bellzone has the iron ore deposit of Kalia (Faranah), more than 400 kilometers east of Conakry.
According to the official version, the potential of this site is estimated at 3.7 billion tons. The company ensures that production starts in 2014 with a capacity of 20 million tons per year.

Proof/ link whatever u can provide kabisko. Deeply appreciated.

In any case, i believe KHM owns the port and the railway infrastructures, an independent entity from forecariah. Peace out!

Lol okay.

Kabsiko. Bellzone is the major creditor to the konta port asset. They technically own it and so they have rights to sell it. Cheers. Liquidation attempt is well on its way already. Unless u have more information to this, show it to us. I do not wish to argue. Good day to everyone atb for the confidence votes

The Forécariah Joint Venture (“FJV”) with China International Fund Limited was entered into administration by the Singapore
High Court in December 2015 and the court-appointed liquidators from Korda Mentha Pte Ltd (Singapore) continue in the
process of winding up the company, whose major investment is its 100% shareholding in the Guinea-incorporated Forécariah
Guinea Mining S.A. (“FGMSA”). The liquidation remains on-going as no material update in relation to the liquidation of
FGMSA has been received by Korda Mentha and it is not known when the liquidation of FGMSA will be finalised. Korda
Mentha intends to put a time limit on the FGMSA liquidator’s recovery attempts and is expected to form a view on the
likelihood of recovery in the FJV’s new financial year from 1 July 2018. As well as being the only shareholders, with equal
holdings, Bellzone and China International Fund Limited are also both major creditors to the FJV company and await the
completion of Korda Mentha’s work. The liquidation of the FJV company had no financial impact on Bellzone in 2017 as the
value of this investment had previously been fully written down in 2015.

i think this explains why bzm could sell the port asset.

exactly what i was saying.

not contradictory. at least, it tells us that the history of bzm is true :-) just more sources clarifying with one another. but as i said, nothing to do with what we are facing now so we just gotta wait and see.

good update by walko. but i don't think it has any updates so oh well. just wait and see.

I dont understand how he has so much time seeing this everyday. I honestly respect his opinions. No matter what BZM does, he is just going to be insulting their actions. Quite sad. Like what simon said, a cup full of salt

Number 1. They wouldnt have talked about since june about selling a port. Number 2 they dont need to create a fake port to drip feed this RNS to drag this even longer for us when they could have told us on 3dec it’s over. You have no facts when it comes to owning an asset. Unless you are telling me you work in BZM, and u know their operations and what they truly own, keep your opinions to yourself

That kabisko. Whatever u said right there, Is an OPINION. And we both have differing opinions. Note that these are not facts. I respect your opinion, hope you respect ours

Yea. But writing off the asset doesn’t mean they dont own it. And i dont think simon would sel something they dont own

Like hey brexit is a bloody more impt topic than this. Talk about it to me kabisko. About your govt. and your career employment choices hindered by the EU. I’m more than willing to talk about that, not about just NO PORT DEAL NO SHIT NOTHING.

Yea REALL. I just wished people had some cow sense to at least talk about something else peaceful and interesting then ppl saying NO DEAL,NO PORT, NO NOTHING. Freaking pointless

No matter the outcome, you are going to be very negativr about bzm. If the port sales fails, you are going to say see i told you smileywiley. If thr port sales is successful, you are going to say they still have no future ahead. No matter what people say, you are just gonna disregard it. And simon has alr said. Your own research is not 100% credible. There are flaws to it, it’s not 100% correct, same as mine. I said this once, i will say this again. You are not god, you don’t know everything. The only person that knows this is the BOD. And we just gotta trust them for it because we can’t sell out, neither can we do anything. Let’s just see what happens. Sick and tired of arguing aimlessly when information is not even 100% accurate

Writing it off doesnt necessarily mean that they dont own it. Okay. They wouldn’t try to sell something that they don’t own. Or pursue on it since june 2018. To each his own

I cant say further kabisko. Walko said land is theirs, forecariah owns equipment. Enuf said

Pointless talking to you given how you are so stubborn on this yea? Han mochi. And your yoda. But, hasta la vista. If u had to use 2 accounts to talk it out to us, then clearly, i get how mature u are in trying to prove a point :-)