UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For the Period Ended March 31, 2005
Commission file number: 000-28638
BMB MUNAI, INC.
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Full Name of Registrant
N/A
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Former Name of Registrant
20A Kazibek Bi Street
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Address of Principle Executive Offices (street and number)
Almaty, Kazakhstan 480100
City, State and Zip Code
Part II - Rules 12b-25 (b) and (c)
If the subject could be filed without unreasonable effort or expense
and the Registrant seeks relief pursuant to Rule 12b-25 (b), the following
should be completed. (Check if appropriate).
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort of
expense;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR, or
portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
(c) The accountant's statements or other exhibit required by Rule
12b-25 (c) has been attached if applicable.
Part III - Narrative
State below in reasonable detail the reasons why Form 10-K, 10-KSB,
20-F, 11-K, 10-Q, 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
Our annual report on Form 10-KSB could not be filed because our reserve
report is not completed and management requires additional time to
verify and test the data required to be included in the report. The
report will be filed within fifteen calendar days of the date the
original report was due.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Alexandre Agaian (212) 730-7919
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Name Area Code Telephone Number
(2) Have all other reports required under Section 13 or 15 (b) of the
Securities and Exchange Act of 1934 or Section 30 or the Investments
Act of 1940 during the preceding 12 months (or for such shorter) period
that the Registrant was required to file such reports been filed? If
answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
2
We anticipate that during the year ended March 31, 2005, gross revenue
will have increased from $0 to $973,646 and total operating expenses
will have increased from $786,515 to $4,599,491 compared to the period
from inception (May 6, 2003) through March 31, 2004. It is expected
that loss from operations will have increased approximately 360% for
the year ended March 31, 2005 compared to the period from inception to
March 31, 2004. We also expect to realize a net loss of approximately
$3,124,358 for the year ended March 31, 2005 compared to a net loss of
$613,782 during the period from inception to March 31, 2004. We
anticipate a net loss per common share of approximately $0.12 for the
year ended March 31, 2005 compared to a net loss of $0.08 per common
share for the period from inception to March 31, 2004. Loss from
operations, net loss and net loss per common share could differ from
the amounts disclosed herein based on the results of our reserve
report.
The increases in revenue, expenses, loss from operations and net loss
during the year ended March 31, 2005 compared to the period from
inception through March 31, 2004 is due to the fact that we did not
begin active exploration and development activities until the final
four months of the 2004 fiscal year.
BMB Munai, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: June 29, 2005 By: /s/ Alexandre Agaian
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Alexandre Agaian, President