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Attempting to answer my own question below, "have we reached iron ore market price equilibrium...?", this may help:
https://www.hellenicshippingnews.com/chinas-iron-ore-market-appears-in-supply-demand-sweet-spot/
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"The question for the market is whether the seeming return of balance between supply and demand is enough to maintain prices at their current levels."
Sootysnipes- if AT commented that he was unable to respond due to market sensitivity, what do you think would be the reaction amongst PI's? Would it be the end of the many questions? Not a bit of it. There would be endless speculation and yet more pressure to respond
Much easier for the company to let some investors think there is no news. There are literally a billion reasons AT would say nothing at all. We've been told long ago the market conditions needed for a deal to be made - Iron Ore price equlibrium. A question I've asked before is that we do have rising iron ore prices but do we yet have market equilibrium...?
Sootysnipes
It's not often I agree with you either, but this time I do - lol.
Be lucky sir.
"After 10 years a little more effort is required."
Mullitover. What Stok no doubt meant is that more effort is required to communicate with shareholders. Which Zioc, Elphick, AT etc have failed miserably to do this past 6 months after a decent track record in investor relations in past years.
Mullitover
A bit of a glib comment there.
You have no idea what any individual has sacrificed to be able to buy their shares here.
Not everyone has pots of money to throw around; hope we will though; but in the meantime I will not bore you with some of the things I have gone without, just to get a chance to be rich.
Good point.
Well having been here for 8years has taken quite a lot of effort.
Do you get involved in the management of all the companies you invest In? I would be delighted to hear about the effort you have made with regard to ZIOC. Given where we are I would suggest not much:)
"After 10 years a little more effort is required."
Are you referring to a little more effort than your few clicks of a mouse... Which is all it takes for you to hopefully get rich, right!? ;)
What has Elphick (or any BoD member for that matter) ever done for Zioc and it's loyal shareholders?
Answer: they've overseen the share price destruction from 156p to 7p. And they don't even have the decency to face shareholders. Bad. REALLY BAD!
technician
Your point about Elphick is in my view spot on. When last did anyone hear or see Elphick or any director for that matter? They are conspicuous by their absence. Everything is left to one AT and we all knnow here that has got us.
Not good enough. I am little tired of perfunctory notes at the end of an RNS from Elphick .
After 10 years a little more effort is required.
It's frustrating. I'm still heavily (for me) invested as there's no doubt this is an incredible resource. However as Kongolasse says it's been a waste of 10 years with no material progress and no shovels in the ground. Personally I'm more inclined to blame Nguesso and Glasenberg but you're probably right that Elphick could have done more to try to influence the other two.
The question is whether or not anything will change over the coming months/years. The only positive I can really see is the current iron ore price.
Why would Glencore not be keen to push this forward in the current Iron Ore environment. Just too much like hard work?
So the real question any ZIOC investor should be asking is:
WHAT, -if anything-, is happening in SEZ/Port? - as without this we can speculate about Zanaga (and all the other landlocked projects in Congo/Cameroon) until we're blue in the face.
Hint; COIDIC have left the building since a while back now, and AT knows it full well.
here is some sobering reading:
https://translate.google.com/translate?sl=fr&tl=en&u=https://www.makanisi.org/congo-la-zes-de-pointe-noire-recherche-developpeur-et-investisseurs/
My view is that Glencore has the full control over this, and it's squarely in the deepfreeze section of their portfolio. AT and Elphick are totally passive and working on their dayjobs, not spending any cykles on Zanaga for the time being. As for the supposed skeleton crew in Congo.... well, have a look at MPD/Jumelles employees on Linked in for example... not much to write home about.
Lets face it, ZIOC is a shell company, no executive management and no tangible assets,.Granted; 1 fantastic resource -on paper-, in a country where papers are ripped up as quickly as any of us can shout "Sundance!".
On the flip side, we got the 500pound gorilla that might be swayed to be part of Zanaga's revival or just throw us to the lions. We just don't know.
Thank Thor that the Iron Ore Spot price is in the 200's!!!
Nguesso, Glasenberg and Elphick have all wasted a decade and billions of dollars in lost profit by p1ssing away opportunity, and instead of having a producing mine of global importance they have bugger all. And we have 7p/share....
Euromillions anyone?
GL
Or there is nothing going on and he's nothing to discuss?
Reading through the RNS again, I can't see any specific work programs underway. They say they are continuing to assess costings and pursuing pathways to development. Basically, we are back in mothball state, which is a good thing as cash burn should be next to nothing.
I think the pertinant question is why AT has not been responding to emails etc this past three months or more.
He has never done that before, so he must have instructions from above not to respond. He cannot say anything that would be price sensitive of course, but maybe anything he says at this time would be price sensitive. So he has been told to say nothing.
If there truly has been no progress this year, AT would have seen out the most recent lockdown here in the UK. Instead he has apparently been in Dubai and New York. There must be a reason for that in my view. Just as there must be a reason for his total silence with shareholders.
I do agree with Sooty though - it is frustrating and very poor investor relations. But then I don't think we are considered in any way important by Glencore or Elphick.
You're right Sooty. Trahar's silence does not indicate anything positive IMO. However in AT's defence I don't really know what they can do other than wait for Glencore and hope Glen decide now is the time to do something with the asset.
I don't think the ZIOC BOD have much more influence on the outcome of this project than we do as private investors.
I'm just hoping that Glen see the current Iron Ore prices as an opportunity and are able to find someone who wants to develop the mine despite the people currently in charge of the country.
I would say there are substantial amount of PI investors, HNWI and institutions with big money just waiting for +ve RNS before committing cash .... then there will be an almighty struggle to acquire shares without needing NT. That is assuming we don't get suspended on outright T/O in the first instance.
AIMO
Morning technician, yes I have just seen that. The silence is deafening but somehow feel that something is afoot.
Iron ore spot price up another 10% this morning!!
Surely someone (with money) must want to develop this mine.