UK 09:01 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Last week, Bellzone Mining (BZM) featured on my list of AIM companies which might be at risk from the Ebola outbreak. I warned that any companies operating in the Ebola-stricken countries of Sierra Leone, Liberia and Guinea, which had question marks over their funding, were probably stocks to avoid, or at least scale back on. Operating in Guinea, Bellzone definitely fell into this category and this morning the company announced a possible emergency funding facility, which it seems probable will result in it giving up its flagship Kalia Mine. Bellzone urgently needs to find a new backer, but given that its primary income stream derives from the depressed iron ore market this doesn’t seem likely. The writing is now officially on the wall and I’d be amazed if Bellzone remains as a listed company beyond the end of this year.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
