BKP

[blacksheep]

Global Vanadium Limited - sounds big

 

Change of Company Name and Stock Code

Following shareholder approval at the Annual General Meeting, the Company advises that the name

change from Baraka Energy & Resources Limited to Global Vanadium Limited was registered with

ASIC. The Company advises that from 13 December 2018, the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s shares will commence

trading under the stock code ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“GLVÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ.

The CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s website address is now www.globalvanadium.com.au

[blacksheep]

BKP is now GLV - GLOBAL VANADIUM LIMITED

 

Just did a bit of research into their - Philippines Iron Sands Vanadium-Magnetite Project - acquisition. These assets certainly have history. Here's part of that history

 

19 February 2008 - NSX listed ZOD Zodiac Capital - announced the company had formed Colossal Mining Limited to fund & commercialise the exensive known iron sands of North West & North Luzon in the Phillippines

https://www.nsx.com.au/ftp/news/021719807.PDF

May 1, 2008 Zodiac Capital Limited (NSX: ZOD) advises that the Acquisition of the iron sands tenements in north west Luzon in the Philippines through its Colossal Mining Limited affiliate is no longer proceeding following termination of the Acquisition Agreement by Colossal Mining Corporation (Philippines).

As these payments were accountable prior to the issue of Mining Permits, the Company became increasingly concerned as a dispute between a former director and shareholder of Colossal Mining Corporation (Philippines) escalated. Although the Company is in receipt of advice that the matter was one that would not affect the rights to the acquisition, the major concerns were the ongoing threats being made to âââ€Å¡Ãƒ‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“kill the projectâââ€Å¡Ãƒ‚¬Ãƒâہ¡ÃƒÆ’‚ as well as the release in April on the Internet of alleged copies of texts allegedly threatening serious physical harm between the Philippine parties. The Company is extremely disappointed that these matters of internal dispute within the vendor interests have escalated to the level where, in the Companyâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s opinion, the project and/or tenements were at risk.

https://www.nsx.com.au/ftp/news/021720132.PDF

https://www.nsx.com.au/ftp/news/021720609.PDF

 

15 May 2009 ASX listed GNI signed HOA with Consolidated Iron Sands Limited

5 October 2009 Global Nickel completes due diligence on potential acquisitions and announces - "GNI will not be proceeding with negotiations to acquire Consolidated Iron Sands Limited,"

 

4 April 2011 re enter Zodiac Capital Limited who announced they were proposing to list CIS on the ASX and expected to lodge a prospectus within the next 30 days

https://www.nsx.com.au/ftp/news/021723869.PDF

http://www.delisted.com.au/company/zodiac-capital-limited

 

Department of Environment and Natural Resources MINES AND GEOSCIENCES BUREAU Miining Tenements Management Division - shows the tenements their date of approval/expiry

https://file.ejatlas.org/docs/MGP_2014_Nov_...of____EP_2A.pdf

 

A few legal issues in the past - https://www.philstar.com/headlines/2014/01/...sm3PPDoarAXR.99

http://sc.judiciary.gov.ph/pdf/web/viewer....2016/220546.pdf

 

And a few issues with residents in the past - not sure how they feel today - PHILIPPINES BLACK SAND MINING OPERATIONS, GONZAGA, CAGAYAN PROVINCE

http://coastalcare.org/?s=philippines+sand+mining

NORTHERN LUZON SITUATION ON MINING, HUMAN RIGHTS AND DISASTER IMPACTS

http://cpaphils.org/campaigns/NLMiningandH...itution-RDC.pdf

 

 

From GLV's announcement dated 14 January 2019

As previously announced, the Companyâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s investment in the Philippines Iron Sands VanadiumMagnetite Project, is currently through loan advances to Consolidated Iron Sands Limited (CIS)

or its Philippineâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s based subsidiary, Luzon Iron Development Group Corporation (LIDGC). These

advances are made under a Secured Loan Agreement entered into in 2012 (and varied in 2014) by

Globalâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s wholly owned subsidiary Goldfleet Enterprises Pty Ltd (Goldfleet).

 

CIS holds, via LIDGC, its 97% owned Philippine subsidiary, Exploration Permits for two offshore

areas between Sanchez Mira and Gonzaga, offshore of Cagayan Province Luzon. The Exploration

Permitâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s eastern limit is 3 kms from the Economic Free Zone of Port Irene.

 

During the period in which the Current Board of Global undertook its review of the Philippines

Iron Sands Vanadium-Magnetite Project, being September, October and November 2018, Global

provided LIDGC (as CISâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s nominee and subsidiary) with its requested monthly budget advances

under the existing Secured Loan Agreement of AU$26,126.26, AU$29,937.56 and $29,936.53

respectively.

 

During late November and December additional information was provided regarding the status of

the Exploration Permits in various communications with LIDGC and from the ongoing technical

and legal review conducted by the Companyâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s in-country consultant. As a result of the Companyâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s

review of this information, including but not limited to the fact that: (a) it is unclear if and when

the current âââ€Å¡Ãƒ‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“renewalâââ€Å¡Ãƒ‚¬Ãƒâہ¡ÃƒÆ’‚ of the Exploration Permits will be granted by the Philippines authorities; (b)

none of the loan funds requested in LIDGCâââ€Å¡Ãƒ‚¬ÃƒÂ¢Ãƒ¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¾ÃƒÆ’‚¢s December budget were being used to protect and

preserve the Exploration Permits or meet the expenditure required under Philippines law; and Ãâ€Å¡Ãƒƒâہ¡ÃƒÆ’‚©

the current extent of loan monies provided by GLV/Goldfleet to CIS (and its subsidiary LIDGC)

under the Secured Loan Agreement, Goldfleet declined to advance the requested amount of the

December budget (AU$30,890) and notified CIS and LIDGC that further funding would be

considered for LIDGC if the requested December budget was revised to incorporate only costs to

protect and preserve the Exploration Permits. To date CIS and LIDGC have refused to provide a

revised budget to the satisfaction of the Company.

 

The Company intends to continue to work in good faith with CIS and LIDGC, including attending

a meeting with the directors of CIS, in an attempt to advance the Philippines Iron Sands Vanadium

Project.

 

All sounds very complicated IMHO. GLTAH and as always DYOR.

[blacksheep]

BKP is now GLV - GLOBAL VANADIUM LIMITED

 

But it's about to have another name change, not to mention another change in direction - back to the oil and gas sector from whence it came (before the vanadium bubble) when it was called Baraka Energy & Resources Ltd

 

Company to focus on the acquisition and development of advanced oil and gas projects,given ASXâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s determination that oil and gas remains the Companyâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s main undertaking

 

Proposed name change to âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“Global Oil & Gas Limitedâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚ÂÂ

 

Cash at end of June Qtr - $281k

 

Luckily they have settlement of the sale of Southern Georgina Oil and Gas Project (that BKP held) scheduled to occur in October 2019. Cash component is $500k with $1m worth of shares in the acquirer.

 

Still won't get them far IMHO The whole exercise seems to me to have been a total waste of time and money

 

SP had a little "vanadium" spike (reached 0.008c) but now back down to 0.002c

 

[stockman]

mate JB spent $80k not too long ago @04 pretty sure he's gonna want double his $$$$ back!

[blacksheep]

mate - I'm sure all those punters who follow him on various stocks - who are currently down on their investments and/or have their money tied up in suspended stock (WFE) for more than 12 months - hope so too.

 

As per all these mining gurus on twitter - one minute it's all about "cobalt, cobalt, cobalt" then when that doesn't work out it's "gold, gold, gold", "vanadium, vanadium, vanadium" or what ever else is "hot, hot, hot" at the moment. For GLV apparently it's time to fill up the petrol tank Mine's already full, thanks but by all means follow your leader.

 

Jason Brewer@JBrewerMining

Aug 1

Announcement out by $GLV and its time to fill up the petrol tank and focus on the oil and gas sector.

 

[stockman]

all good mate I'm in though hearing big things could be life-changing!

[nipper]

On December 13th, 2018, Baraka Energy & Resources Limited (BKP) changed its name and ASX code to Global Vanadium Limited (GLV).