George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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:
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 Members are members that have a premium subscription with London South East. 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.
New tax year today, I’ve already put in my request for a bed and ISA. Should get some unusual trades over the next day around mid point of the SP.
News should be forthcoming in the next few days & weeks.
And, for completeness' sake, the EITI's observations re (1) Zanaga and (2) Mbalam-Nabeba, upcountry :
(1) Mining Project Development (MPD) Congo S.A. (member of FedMines) has been held since December 2022 by the sole shareholder Zanaga Iron Ore Company, which is listed on the London AIM Market (Glencore holds 48.26% of ZIOC).
(2) Sangha Mining Development Ltd is owned by Hong Kong-registered Best Way Finance. It is itself owned by another Hong Kong-based company called GRL20 Nominee. The structure is ultimately owned by a holding company registered in the UK territory of Anguilla, operating under the name of First Director Inc. It is not a member of FedMine.
Looking at the ownership structures, which of the above would you wanting to do business with ?
GLA
And the relevant bit re Sapro Mayoko, also p 80, being :
.."In 2016, the Congolese company SAPRO Mayoko (Congo) bought DMC from the South African group Exxaro Resources Ltd, which held the Mayoko-Lékoumou iron ore mining licence in the Niari department. The company exported 40,000 tonnes of iron ore (DSO) in 2019, but since then it has not exported any more iron ore due to the poor state of the Chemin de Fer Congo-Océan (CFCO) railway line, which is in poor condition..."
FYI
The relevant bit re Turkish ULSAN acquiring Mayoko Moussondji - from the EITI (p 80) - being...
.." In July 2021, a third iron ore mining licence (the Mayoko Moussoundji licence) in the Niari department, held by Congo Mining (a subsidiary of the British group Midus Holding Limited), was withdrawn by the government. In August 2023, this licence was reallocated to the Turkish company ULSAN Mining Congo SAU. In 2021, the three companies affected by the licence withdrawals (Congo Iron, Congo Mining and Core Mining) and their investors (Sundance Resources, Midus Holding Limited and Core) initiated arbitration proceedings against the Congolese government before the Paris Chamber of Commerce and Industry (CCI)...."
FYI
I am also in HVIVO, Venture Life group, Serabi Gold, Silver Bullet Data Services, Tissue Regenix, Bloomsbury Publishing and Blencowe Resources. Sometimes I analyse the fundamentals or sometimes I draw a chart in the hope of a swing trade. The ORR chart looks interesting. I will have a closer look.
Each to their own way of investing and good luck! My approach is largely binary bet but with a perceived huge likelihood of success. So far it hasn't worked too well but I remain optimistic. Currently I have 6 holdings and ZIOC is 63% of my PF while ORR is 22% (not exactly a binary bet but I'm expecting it to be the next GGP). Lesser holdings are LOGP (currently suspended and I'm down 62%) and GRX (where I'm up 316% already and they're expecting compensation). Other holdings are KP2 (another company up the Congo) and TOM (allegedly the sand is worth more than the oil). Still needs finance (unfortunately not a huge chance of success!) My 7th holding was IIP where I was expecting a small jackpot around £6k but I exited with £600 after the deal I was expecting didn't materialise. Lesson learned. The deal we're all hoping will materialise for ZIOC may well disappoint! I'll be happy with £1 - bring it on! £2 would be 100% better!
Like I said, I saw a pattern similar to one that I backtested and thought I would take a position. It has not worked out, but may still break back in above the EMAs. It broke out of a downtrend, although in hindsight the channel is not great, however, only a small position so we shall see.
Chartism is totally irrelevant as far as ZIOC is concerned! The mine will either be developed or it won't. I'd say it's 99.9% certain it will be developed. Whether or not ZIOC will still own it at that time is why the SP is where it is! Our only hope is GLEN being a major shareholder and they have a good track record in Afrika. ZIOC remains a binary bet but things have never looked better than they do ATM despite the disappointing SP except I have a horrible feeling we'll still be here next year and the muppets will still be urging "more patience required!"
To be fair, you need help as well.
To be honest I can’t. Drew a chart last year which resulted in a significant price increase and saw a similar pattern being repeated, so I took a position. Unfortunately it hit a head and shoulders but will wait and see if price can come back and go above the EMAs. Not locked in my life savings like a twat.
I think you need help. Please see your GP for what good it will do!
I think we're all pretty exposed here, eggshead! I've been waiting 12 years with ZIOC over 60% of my PF so GLA!
Does Elphick read this tripe? If he doesn't he should! Hopefully it will all be over soon.
No! But I have a Wendy House.
You are such a twat. I was just taking your lead. You can’t defeat me? Bloody melodramatic as well as a twat.
Why not try posting something relevant to ZIOC? Because you can't. And not many people can.
Why would you want to annihilate me? And how do you decide if someone is a "twat"? As you say, every board has one so you might just find yourself fighting on too many fronts! Just like Hitler in WW2 - do you have a bunker you can retire to?
Good luck!
By all means, read my other posts. Dealing with another twat over on the HVIVO board. Sad that every board has one.
Sadly No. I do not understand. So will continue to try and annihilate you. Understand!
I suggest everyone here clicks on DANNYBAREY and reads all his other posts! What's wrong with living above a shop? I hate Homer Simpson and felt Frank Grimes died unnecessarily but that's the American Way. I'm a big fan of Family Guy and Curb Your Enthusiasm but heartily sick of The Simpsons.
I do whatever I like you twat! You can't defeat me! Understand!
Why carry on posting when you said you weren’t anymore? Stand by the courage of your convictions, you twat.
I am pretty exposed here but can cope as I believe the asset here is worth multiples of the value currently. While this may not be achieved on an outright sale a price substantially above 7p will be. Happy to wait.
Forget to mention I noticed a lot of stuff was removed from last weekend and quite rightly! It remains a mystery why my Capital Letters keep being removed...
another week closer to the grave! more patience! more patience! obviously zioc will be sold in glen's good time and it was ever thus. interesting that veteran10 should view me more favourably through beer goggles but that's how i view the whole world on fridays & saturdays. the other 5 days i tend to be sober. whatever: love and peace to every zioc shareholder apart from eddsy: you will remain a **** as long as you keep attacking extrader for stating facts and for posting this tripe: "your days on here are numbered, you are irrelevant and it does not matter what you post anymore. this has moved on so stop posting nonsense and get with the programme. there's a good chap." it's the "there's a good chap" which will condemn you to the hottest layers of hell (and be aware i can send you there!)
Cont..
His daughter heads up a powerco that may have links to our hydropower MoU co.
Obambi himself is head of the local businessmen's group, recently in the news as agitating for proper use of the port container scanners (installed but not activated) which have been allowing parallel , unpaid duty imports by smugglers, affecting bona fide agents/businesses and depriving the State if revenue...
FWIW/ AFAII etc
GLA & ATB
Sapro ore at Mayoko Lekoumou (ex Exxaro) is lower quality than at Mayoko Moussendji (ex Equatorial), the latter appears to be in the hands of Turkish Ulsan , per the EITI link on MM's board.
Sapro's exports on the derelict Congo Atlantic rail have been minimal, AFAIAA, 2 x shipments reported a while back, both delayed by derailments (! ;-
Exxaro sold the enterprise after failing to secure port and rail agreements with the Congolese government, booking a 5.76 billion-rand ($460 million) writedown in the process. Sapro acquired the project. Zioc needs to secure a port agreement, pending. Politics; Paul Obambi is an influential entity. Not long now. GLA