4343 days ago
Sometimes you do wonder about some of the folks running AIM listed companies. Is there some sort of secret sweepstake CEO’s hold each year to see who can act like the biggest knob with a press release that sends investors the wrong way. If so, AIM listed Bellzone Mining (LSE: BZM) put in a strong late run with its announcement of 27th December in which it boasted of its first shipment of iron ore from Guinea. It stated that it was “delighted to announce that the first shipment of iron ore from the 50:50 Forecariah joint venture operation in the Republic of Guinea, West Africa was despatched on 26 December 2012. The Company will issue a more detailed statement on January 3, 2013.” And today? Er……
4344 days ago
Suddenly the price of Iron ore has picked up, spurred by a recovery in Chinese Demand. Iron ore stocks have responded with a number showing sharp gains in the past month. Among the winners is Anglesey Mining (AYM) but also Bellzone (BZM) which has assisted its cause with news on both of its projects in the West African country of Guinea. The Bellzone share price has pushed ahead by 3p to 16p over the past month valuing the company at £117 million but some brokers reckon that it could still double from mere. There is a bear case as well as a bull case.
