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Is this really fresh news? It says we (or the subsidiary) went bust in 2014
https://www.agenceecofin.com/fer/0706-66779-guinee-l-etat-confie-le-developpement-du-projet-de-fer-de-forecariah-a-l-indien-ashapura
I warned you that you had nothing to do with the assets of Forecariah or the port of Konta since 2014.
Yoda!
Simple question yoda.
Why - with these assets being worthless as you say did Hudson note allow any dilution of their holdings below 50%?
Their shares 18 months ago worth £30 mill
Now worth nothing
I did not tell you that assets are worthless but they do not belong to bellzone. Look at the 2013 or 2014 financial statements where the assets were deleted from your books.
In terms of dilution the BOD knew the catastrophic situation but wanted to continue to pay wages on the backs of small investors in the stock market. So they gave false hope to these. Such as: they will resell the port of Konta that does not belong to develop Kalia feronickel.
Is a scam.
Yoda!
well that's the opposite of what happened. If the gravy train continued they would have allowed the company to continue at the expense of shareholders. Instead Hudson bankrupted the company, losing £30 million worth of stock from 2017 highs
I've always told you that Houston is nothing but a front company created to hide the remaining funds of CS after eviction of his boss Sam Pa by the Chinese authorities.
Did any of you have any updates from Liquidators?
If the port was never available to 'monetise' then shareholders were seriously misled with the information provided by the company...
Mullitover, and houdson was nothing only a company name on piece of paper. All houdson talks was the BOD them self, to misled people.
no nothing, i might phone hargreaves lansdown and ask if they've got any additional info
I assume nothing. Hudson equal BOD.
Are we supposed to get news from the liquidators
You'd have thought so but I just emailed them to say it seems an indian company called Ashapura has taken over the mine and Konta port and has levied $25M and I want to know where this cash is going...
https://ressources-magazine.com/news/guinea-ashapura-indian-takes-over-the-yomboyeli-iron-mine/
https://www.aggregateresearch.com/news/why-is-the-bauxite-in-guinea-so-promising/
I've already told you that FGM is not a JV as you've been told. But unipersonal public company having as sole shareholder Jack cheung of cif. Moreover, the company had been in liquidation since 2014 and no debt to bellzone was noted.
Sorry your post makes no sense...
But I do think the liquidators are attempting to hide things from us.
That was a case several years ago, when I was telling you that bellzone worth nothing. You were misled from the beginning.
Yoda!