August 2020 Status Report

Dear Shareholder You will note that I use the term Status Report as against the more usual Progress Report but in the current circumstances this seems more appropriate. As with many companies the recent and in part continuing lockdown continues to make our operational...

23rd June 2020 update

Dear Shareholders, Red tape, or what poses as red tape, continues to  frustrate our attempts to fly our client’s mineral assets from Africa to the appointed location for refining, disposal and then utilisation. We will continue to try and resolve this issue. Happily,...

Progress Report June 2nd 2020

As in recent reports I apologise once again for the delay in relaying news to shareholders and my use of the word “progress” is perhaps overly optimistic. That said, we do see glimmers of light amidst the Covid 19 fall out. As you are aware, our sole objective at...

April Shareholder Update

BGL_April Statement I apologise for the delay in bringing shareholders further news re the company’s current activities but I had unashamedly been hoping to announce some welcome developments but am afraid we still struggle under the constraints of Covid 19. You will...

December Shareholder Update

As per earlier alerts, BGL has now received, and is reviewing, the technical proposals and quotations for the salvage equipment from specialist vendors. The quotations are in line with the company’s cost estimations so now it is a case of choosing the best vendor to...

Shareholder Notice

Dear Shareholder You will be aware the recent Rights Issue closed on 15 September 2019. We have waited until month end to ascertain what level of demand the company had for unsubscribed Rights and also to receive all payments for subscribed Rights. That done the...

Salvage Update May 11

BGL SALVAGE REPORT MAY 2019 CUTTING PHASE COMPLETED BGL has  now completed the ‘cutting’ phase of the Neptune project. This required the development and use of a new concept in collaboration with James Fisher Marine Services where an oil field...