Member Info for spike912

Rubbish imo. If they had a planned meeting on Tuesday they wouldn’t have said on the call they had no meetings planned with them and haven’t really been in contact and will try again over the weekend. Sounds agenda based to me from that poster. Sparkygg, re your post, your right, I think bellzone don’t know if Hudson have funds tied up elsewhere or they simply don’t have the cash at this stage. As I’ve said if the bod say it’s 6/10 chances on an investor call, they would be very cautious so in reality I believe it to be closer to 8. I like the fact they have options, if they were solely relienat on Hudson I would be selling, but sounds they aren’t. Still very binery bet here but I do think this welll drag into November before any real news unless Hudson vote to dilute on the 22nd which is highly unlikely. They may come to the agreement of loans, warrants etc

Zoff - I believe the word “detailed discussions” was mentioned so yes I agree they are likely ahead on alternative avenues ;-) ALLNothing - in regards of evidence they are unable to monitise the port, I think the fact they are about to go insolvent (maybe) is all the current evidence needed ;-) strategic partner would be the best option but I think as soon as Hudson know a potential partner is in the wings, don’t be surprised if Hudson step in. Imo it’s classic negotiating at present I don’t see any real news until after the 22nd in all reality after today’s call, given we only have a week. But remember they are trying to make contact with Hudson over the weekend and current discussions with them remain professional and postive

Bigbear the problem being Hudson have not said yes or no, they have remained silent and keeping their cards close to their chest, likely imo as anyone looking to orchestrate a beneficial deal for themselves would do. I wouldn’t hold your hat on a resolution in full on the 22nd, as if Hudson remain hardball and EGM is voted against we will still have a further 4 ish weeks to put into place plan b which is likely to be the strategic partner route....who knows Hudson may not even be an issue if we have a partner prepared to come on board. Maybe Hudson is just a distraction when the bod could be focusing on real value via a partner.

120 being tested again can we push to break it this afternoon. Next week will be interesting if we can :-)

Recap; Money fine until mid November (not 22nd October) They have up to 8 weeks to find solution Multiple conversations with strategic partners NOT reliant on Hudson alone EGM called to assist in forcing Hudson’s hand sooner rather than later Still binery bet, but at least they appear to have options. If they believe chances are 6/10 (and stayed to investors) I would say in reality it’s closer to 8 Pays your money takes your choice sit tight and take the gamble if you dare DYOR

Refer to Investor call, that is undecided due to contracts in place and legal entities (not sure of in and outs) but was made clear on the call that there are options on port and licenses so it’s not a simple insolvency case with some of their assets.

Deeogi to be fair to mullitover, I think he was referring to $200k being the current income from renting machinery rather than potential later down the line.

My only concern was the fact with 4-8 weeks of needing cash, they still couldn’t give any real clarity or optimism on options. I have to agree with Simon re Hudson playing games but I do feel more postive now but certainly won’t be topping up purely on that call at this stage

Thanks to all for asking the questions on the call;

Summary;
Q: Hudson update
A: No further communication with Hudson in terms of deeper understanding of what their plans may be. Hopeful the board is able to establish in depth communication soon prior to EGM. Looking at alternative options away from Hudson, NDA exchanged with 3rd parties to aim to monitise port assets immediately with the option of upfront payment to assist cash flow, and board appears confident this can happen with 4-8 week cash flow incoming. So if EGM neagtive, they may still have the option as farm in rather than debt finacing from Hudson. Bod remain causiously optimistic.
Q: Threat of insolvency dimishing considerably
A: CEO states time is of the esscence given cash burn, do have some leeway but in next 4-8 weeks need clear visbilty if EGM passed with equity, or reach port agreements via other manners. No commitment from bod on this question. Just quoted to remain optimistic
Chairman met on 24th September Hudson and they are playing cards close to their chest, hence no certainty as to what money Hudson have or what willingness they have to help BZM. Aim to have a call with Hudson today or over the weekend. No assurances recieved from Hudson
Reason for calling EGM was to pressure Hudson into some form of discussion, but not discounted help from Hudson, and Hudson have not said no. That aside, it appears bod do have other potential options open. NOT realiant only on HUDSON! Key point.
Q: why would anyone want to block issue of new shares and additional equity funding i.e. Hudson
A: Bod seem to think the same, but not helping with Hudson playing cards close to their chest, so still unknown by all. All they can think of is Hudson are testing the bellzone board to see if they can make cash last longer, and make Bellzone to do all they can to cut costs first, before stepping in.

Positive, seems that they are not fully reliant upon Hudson stepping in, and EGM is more to force their hand, and simply gain clarity upon what option the bod needs to take, rather than waste precious time, given they need cash flow in 4-8 weeks. In terms of how far progressed options away from equity/share issue from Hudson, unknown. They are in MULIPLE conversations with other parties, away from Hudson, and now at a detailed level, looking at costs to get port operational and monetise the assets. Mid November is the key date for cash, not 22nd October.
Cash required to cover annual working capital $3mil. Feasibility study costs for assets around $600k on top. $20mil owed to Hudson.

Will report back - appears 10am start not 9am

All logged in to the call and ready to hear what they have to say, will certainly be interesting

Why will it move lol, the rns gave nothing than already known, half hearted speeding ticket. All pointless in all honestly, flat or even a drop imo first thing. Certainly won’t be “flying”

What a pointless rns

Shanter, I agree, 300mil mcap is circa 2p here but more than achievable short term. Can’t see the tens of pence until we have substantial production tho imo

Let’s just hope it’s not 9 months late like the last set of Christmas presents ;-) ;-) i certainly take zaza time frames with a pinch of salt. It will happen when/if it happens :-)

If we get rns around 22nd or on it, I fear it will be bad news. Any postive news would come before the 22nd. Tomorrow’s call I will be on, but will take with a pinch of salt given the current bod reputation and let’s face facts they will not be making negative comments at this stage to watch the SP plummet soon after, it’s likely to be the classic jam tomorrow line, but I may get surprised. High risk high reward pays your money takes your choice but fingers crossed we all come out with something positive. GLA

Can’t see under £1. As soon as we get close it’s bought into, really think we are at about as cheap as we will get right now imo

Just topped up at 107p, had to split as just goes to NT, can see recovery inbound

LTEL totally agree, spot on. I have 250,000 shares but that’s all for me until clarity, I can afford to lose but hopefully I won’t, as lose £700 or turn it into 5k plus, no brainier if you like a risky punt!

Jaguar, I wouldn’t class this as heavy buying, it’s lota of small trades, most under £2k (and 70% under £1000). Until the 22nd I doubt we will hear much imo, certainly not expecting anything this week, unless something is released prior to the conference call which I think is unlikely, but who knows. Fingers crossed for a postive outcome