Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

86 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

BKP, BARAKA ENERGY & RESOURCES LIMITED
stockman
post Posted: Aug 6 2019, 03:26 PM
  Quote Post


Posts: 8


In Reply To: blacksheep's post @ Aug 6 2019, 11:11 AM

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

 
blacksheep
post Posted: Aug 6 2019, 11:11 AM
  Quote Post


Posts: 6,614
Thanks: 2269


In Reply To: stockman's post @ Aug 6 2019, 06:21 AM

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 biggrin.gif Mine's already full, thanks but by all means follow your leader.

QUOTE
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.





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
stockman
post Posted: Aug 6 2019, 06:21 AM
  Quote Post


Posts: 8


In Reply To: blacksheep's post @ Aug 5 2019, 02:45 PM

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

 
blacksheep
post Posted: Aug 5 2019, 02:45 PM
  Quote Post


Posts: 6,614
Thanks: 2269


In Reply To: blacksheep's post @ Jan 16 2019, 01:08 PM

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

QUOTE
Company to focus on the acquisition and development of advanced oil and gas projects,given ASX’s determination that oil and gas remains the Company’s main undertaking


QUOTE
Proposed name change to “Global Oil & Gas Limited


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




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 16 2019, 01:08 PM
  Quote Post


Posts: 6,614
Thanks: 2269


In Reply To: blacksheep's post @ Dec 11 2018, 10:46 AM

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. biggrin.gif 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).
QUOTE
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 “kill the project” 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 Company’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
QUOTE
As previously announced, the Company’s investment in the Philippines Iron Sands VanadiumMagnetite Project, is currently through loan advances to Consolidated Iron Sands Limited (CIS)
or its Philippine’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
Global’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
Permit’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 CIS’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 Company’s in-country consultant. As a result of the Company’s
review of this information, including but not limited to the fact that: (a) it is unclear if and when
the current “renewal” of the Exploration Permits will be granted by the Philippines authorities; (b)
none of the loan funds requested in LIDGC’s December budget were being used to protect and
preserve the Exploration Permits or meet the expenditure required under Philippines law; and ©
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. smile.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 11 2018, 10:46 AM
  Quote Post


Posts: 6,614
Thanks: 2269


Global Vanadium Limited - sounds big rolleyes.gif

QUOTE
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 Company’s shares will commence
trading under the stock code “GLV”.
T
he Company’s website address is now www.globalvanadium.com.au




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Sep 27 2018, 11:26 AM
  Quote Post


Posts: 6,614
Thanks: 2269


In Reply To: blacksheep's post @ Aug 10 2018, 05:02 PM

Seems to be a regular way of doing business for GTT, and a few others in WA. AX8 is the latest - will Jason Brewer be appointed to AX8

Some boards rue the day they made GTT Ventures their fundraiser

QUOTE
But it's not even the only time GTT has pulled a stunt like this. It successfully outed the board of Baraka Energy & Resources in August, after having raised money for the company only in April
.

https://www.afr.com/brand/rear-window/some-...20180926-h15whv



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 10 2018, 05:02 PM
  Quote Post


Posts: 6,614
Thanks: 2269


In Reply To: blacksheep's post @ Aug 8 2018, 03:32 PM

Looks like management have hoisted the white flag - GTT won

No mention of past failures - just recent sucesses. At the rate JB churns out these projects, shareholders won't have to wait too long before they know what's being served up. Makes you wonder how one man can spread himself across so many projects at the same time, and provide each one with the level of service required. He was also appointed to the MSE board recently.

QUOTE
Both Jason Brewer and Patric Glovac have a strong recent history of investing in and
assisting companies in acquiring mining projects for listed companies that deliver
significant returns for shareholders. Recent examples include AVZ Minerals Limited
(ASX:AVZ), Lepidico Ltd (ASX:LPD), Force Commodities Limited (ASX:4CE), Winmar
Resources Ltd (ASX:WFE), Cape Lambert Ltd (ASX:CFE), Vector Resources Limited
(ASX:VEC) and more recently TAO Commodities Ltd (ASX:TAO).




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 8 2018, 03:32 PM
  Quote Post


Posts: 6,614
Thanks: 2269


In Reply To: blacksheep's post @ Aug 6 2018, 02:08 PM

Round one - BKP 1, GTT 0
Baraka Energy and Resources Limited - Panel Declines to Conduct Proceedings
QUOTE
The Panel has declined to conduct proceedings on an application dated 1 August 2018 from GTT Global Opportunities Pty Ltd (GTT) in relation to the affairs of Baraka Energy and Resources Limited (see TP18/56).

Baraka has convened a general meeting to be held on 10 August 2018 in response to a notice under section 249D1 from the applicant and other shareholders to consider resolutions to remove all current directors and appoint three new directors.

GTT submitted, among other things, that shareholders with a combined holding of 5.96% of Baraka's issued share capital had formed an association which had not been disclosed under section 671B.

The Panel considered that GTT had not provided a sufficient body of material to justify the Panel making further enquiries as to the alleged association. The Panel also considered that GTT had not made its application sufficiently promptly to the extent it was seeking a decision before the general meeting.

The Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances. Accordingly, the Panel declined to conduct proceedings.

The sitting Panel was Bruce Cowley, Sarah Rennie and Nicola Wakefield Evans (sitting President).

The Panel will publish its reasons for the decision in due course on its website.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 6 2018, 02:08 PM
  Quote Post


Posts: 6,614
Thanks: 2269


In Reply To: stockman's post @ Aug 6 2018, 01:42 PM

QUOTE
Have you not looked at the shareprice...past and present?


Yes I have - pretty poor performance - no argument there from me.

However, I've also taken a deep look at the new mobs performance - past and present - and I'm not impressed with them either.

Do you really think the new mob are going to look after current shareholders or themselves and their associates? By the time they vend their project, raise capital, appoint advisers, give themselves/advisers heaps of shares/options what do you think retail investors buying into the "new" story will get?

No doubt it's another DRC acquisition, which IMHO have been flogged to death and will come crashing down to planet earth pretty soon. But, in the meantime there's money to be made by those flogging, those in the know and those punters who know when to get off before the music stops. As usual, the naive punter will be left holding the bags. So depends where you sit.



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


86 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING