Bellzone Mining Share Discussion Threads

[lw425] 11/7/2018 16:50

a. Interest bearing loan facilities with China Sonangol International (S) Pte Ltd ("CSIS") and Hudson Global Group Limited ("Hudson")


Loan payable to CSIS 12.04m (2016 11.3m)

Loan payable to Hudson 7,9m )2016 6.3)

Total Secured Loans (including accrued interest) 20M (2016 17.6M)

[lw425] 11/7/2018 16:47

No Shirley. In this instance they don't work it out like that.

They had about 6 months cash left based on FY 2017 end cash levels.

Cash and cash equivalents at end of year 2.68m

[shirley83] 11/7/2018 16:44

Good luck trying to get in before 2p

[shirley83] 11/7/2018 16:43

LW425 you forgot to mentionNet cash of $2.7 million (2016: $3.1 million.So using 400k per year. We have about 5 years left at this rate. No need for funds

[thecashmoney] 11/7/2018 16:36

It would probably be in the favour of JV partner to have something in place before feasibility study ,thing is more often than not a company has to come on board at these levels to provide the financial backing it's a positive for bzm and whoever the JV is with because if you can't get it out the ground it don't matter how mach of the commodity you have it's worth zero

[lw425] 11/7/2018 16:22

Feels like a WTI situation playing out. (WEATHERLY)

[lw425] 11/7/2018 16:20

So in summary they should be out of cash any time now.

A large discounted placement seems highly probable.

They owe 20m to the largest shareholder.

Management never seem to buy any shares, even at much lower levels.


I ask does the equity have any value?

[lw425] 11/7/2018 16:18

Heads down for the financials here. Worth thinking about before diving in.

From the FY Results:


Loss for the year from continuing operations of $5.7 million

Net cash of $2.7 million

Secured Loans of $20.0 million

[thecashmoney] 11/7/2018 16:07

I agree Shirley, this could rise significantly,market makers are struggling for stock , with not much selling there is only one way this can go to create a market , I think it may well open above 1.1 tomorrow

[shirley83] 11/7/2018 16:02

These talks take time. Don't expect an RNS tomorrow unless there is a big rise then they maybe have say something. This will move forward as people realise the potential

[thecashmoney] 11/7/2018 15:58

5p would be smashed on such news , timescales on development and the infrastructure at their disposal would make this the next solg ,some might even say it has more potential, stuff of dreams huh, but that's the rumour around the city today

[shirley83] 11/7/2018 15:54

If glencore is true should see this over 5p within a few days

[thecashmoney] 11/7/2018 15:52

Rumour is GLENCORE are in for 40 percent equity ,that's why it's flying apprantly ratification was the stumbling block on the deal ,now it's been approved ,we could see significant buying pressure , extremely well bid for into close.

[sapper2476] 11/7/2018 15:19

Yep... Usual mob, ramping when they hold, deramping when they miss the boat.. Moving on.

[shirley83] 11/7/2018 15:18

NT to buy. Looks like I'll need to buy more tomorrow

[shirley83] 11/7/2018 15:15

Haha apfindley.. Is BPC crashing

[apfindley] 11/7/2018 15:12

This is being ramped.Is everyone aware of the black hole in the finances.

[shirley83] 11/7/2018 14:10

Looking like she's about to go. Hopefully no news onto later this week

[sigora] 11/7/2018 14:09

loads of buys going through nex mms hiding them

[letmepass] 11/7/2018 13:42

This moves quickly. NT to buy. News coming

[shirley83] 11/7/2018 13:36

NT to buy again

[bob1995] 10/7/2018 07:04

Was this really 80p at one stage. Why the fall

[sapper2476] 09/7/2018 13:22

Of course they have. Yawn.