London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yeah, it's as rare as rocking horse ****, however, this is a very unique situation. Usually if a company is onto a winner, they have no reason to sell, and we might see big gaps up in share price, which is why I still respect my 14, 24, 52 and 75 price levels.
But then usually a company doesn't need to come up with Billions of pounds to progress their winning product
I have never known a company being valued at £30m to open the next day, suspended and being valued with a buyout offer of billions of $dollars$.
Is that a real expectation, I personally think not ! it just doesn't happen ..... there has to be a build up in SP and that is when the investors will chase it up. How rapid, how long and how high a rise before suspension is another question.
A good concern, but reading into it, they aren't totally in control here either. They need to build a rail road at a cost of 20bln, and for that they will likely need to co-oprate with Rio, who own Simandou North.
I can see the Chinese being wary of GLEN , but …" the presence of Glencore has driven them towards the higher capital cost of Simandou…" seems to be over-egging things : they could offer GLEN $2, 3, 4 billion for their 50% and still make a massive saving on Simandou reported costs...
$ 3BN would be between 1 and 1 1/2 years net profit.....
Mitch interesting thoughts. Mine are that China needs hundreds of millions of tonnes or ore. simandou will take what 4 odd years ? When we started our drilling all the team left simandou to move across to us. As it is a far superior site. There is also many more Chinese companies (or even the same ones) that will be interested. All pointers are that there is a lack og high grade ore (we have the highest). So China need a lot more. My main thoughts you are wrong is the effort china is making in ROC. So I hope that the reasons things are so quiet re port etc. Belt and road needs the port. The port needs us. We need the port and a miner.. Glen want to sell their ore.. We want to mine it. So a Chinese miner fits.. ie Port news held up until a deal is done.. well there are my hopes (and have been for a long time)
Why would China want Simandou AND Zanaga? That has always been my take on it. I think China want to control the project, and the presence of Glencore has driven them towards the higher capital cost of Simandou. Now they have Simandou, I just cannot see them needing another huge green field resource in the near future.
While the Simandou bid can only be positive for placing a value on Zanaga, I think it therefore rules out a Chinese bid for Zanaga. However there are several other mining companies that have the resources to buy Zanaga - if Glencore will agree of course.
.." We need Glencore to do a bit more and publicly state their intentions for Zanaga in my opinion....".
I agree, FWLIW, but why should they ?
If they DO want to develop/exploit, they're better off not showing too much keenness, since that would weaken their bargaining position. Let others make the first approach If they DON'T intend to develop/exploit (they're not under shareholder or other pressure to do so, as far as I can see), why advertise the fact ? That would only invite C-B (guided by the Chinese ?) to invoke 'use it or lose it' arguments re concession entitlements, whether legal or not. Better maybe , from GLEN's perspective to keep schtum....and keep others guessing. Until they're made an offer/presented with an opportunity they can't refuse...
We can but hope. I'm minded to think that Glasenberg and co know what they're doing ! ATB
How do we know a deal isn’t about to be signed off? Why didn’t the Chinese buy us instead of Simandou? Or have they? All will be revealed soon. Those who are waiting for snippets of news to elevate the sp will be out of luck. Suspension and it’s all over.
So the directors think this is worth billions yet the market cap is not even £100m. Why?
Value investors will look at the trailing PE ratio and strength of the balance sheet.
Mutual funds will not invest until the market cap is over £100m.
That leaves people like us who see the mind blowing opportunity to accumulate. Problem is, until the big boys come in the price will not rocket over 100p. We need Glencore to do a bit more and publicly state their intentions for Zanaga in my opinion.
Hi all, let me brainstorm with you Forecasts turning negative on world economy -> BIG players (pension/state funds ) hesitant to explore zanaga Small amount of guys who have done their homework and can undesrtand what zioc is Mms that try to slowly accumulate by manipulating above (let me get fancy, maybe akso government officials wanna get rich out of it? ) My view -guess is that when we talk for a 0 earnings aim listed company the 'average prudent investor' would see no value . Also traders just checking their ratios can easily be fooled by this
Let me try put a quiz (actually too tired to do the maths/ factcheck but i know ppl here can help) https://www.thebalance.com/using-price-to-earnings-356427 Based on above what should be the price on a base scenario of stage 1/2 bss earnings of say usd100 per metric ton? How does it compare to average miners p/e ratio? Thanks in advance to the one who solves this My view