We would love to hear your thoughts about our site and services, please take our survey 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.
Hi Jiving, I understand your frustration and the shift in language regarding investors. However, I think the company gave the Q1 target in good faith. It is hard to know what is going on behind the scenes..
The recosting may have thrown up new engineering variations and possibilities. The new CEO with his vast practical experience may have a thrown in possible adjustments. All these things could have extended the recosting and financial modelling completion. Understandly, any investor (s) would say show us the final thing before we commit to an MOU.
Further, there may be competition between investors (as we only want one?) leading to more horse trading. I suspect the situation may still be fairly fluid?
You may say this making up excuses, but there reality is anybody committing to a multi billion Pound project will want it right, it takes time. Forget the past time elapsed, we are where we are. Nobody cares if the PIs are impatient 😌
To me it still all looks highly promising and we are oh so close. My positive hat remains firmly on.
Yes, themention of preparation for FEED phase is highly encouraging. From the November investor presentation the capex costs of the FEED stage 1 and 2 are $22 and $11m respectively (page 14). Zanga cannot afford this without an investor coming aboard. So the FEED prep is a sign of confidence, imo.
Typing errors
Sorry for typisk but currently on yacht holiday in Caribien so only writing from my phone as relaxing and in no stress mode😎
My tale om this is that the price tag is only known once we know the update on FS study. They need this as the current one is 10 years old. Any investor or buyer need to get the updated FS result to be able to agree on a price for investing. This we will get in April. So for me things are moving ahead and once we get the updated FS we will be close to a final deal on this project and we can hopefully move on and be rewarded for the long waiting. My own opinion is the waiting will be worth it. Lets see
Despite the majority showing huge disappointment, it was the RNS i exoected and we are getting closer and closer to development.
I cannot see anything to be annoyed about. The board have had no interest is selling Zanaga, and have always wanted to develope. And that is exactly what they are doing.
First time company has mentioned being in the FEED stage. We seem to be deep into the 2nd phase now.
Activity
Preparation for Front End Engineering (FEED) - 6 months
FEED (including finalisation of necessary licences & approvals, infrastructure access & user agreements, and financing) - 12 months
Construction Phase - 3 years
Can you state your sale on here before selling, then sell, then we’ll all know you’re out. If you don’t do this then shut the f**k up.
If anyone doesn’t think that’s a good RNS then set your sells to Tuesday morning. There will be plenty of mopping up with buys.
Is he going to sell and sod off? I do hope so. What a twat
Exit beardozer - what's the point of posting here?
Please let this be the last time this twat posts on here.
At last beardozer's wrath is unleashed:
What a boring, insufferable waste of space you are. Oh and did I mention you’r a twat?
It all depends upon the forthcoming revised FSS: The gravy train? A major world class project, at the right price?
And very predictably the Shard trades that were put through now show up - another 230K dumped on unsuspecting market participants. Rotten to the core, dumping big trades for days ahead of market changing news.
From the 29 Sept RNS...
· Key milestone objectives through to the end of Q1 2024 include:
o Feasibility Study update - End 2023
...etc
Like many, I've been here for years and my patience is now wearing thin
GLA and happy easter
Oh and the actual stated target dates for the key partnerships - given here clearly as Q1 2024:
Port partnership - Q1 2024 (Memorandum of Understanding)
Strategic partner initiative - Q1 2024 (Memorandum of Understanding)
Have now been replaced by the meaningless, non date specific "in due course":
"Discussions continue and the Company will provide further updates in due course."
And goodbye to you too! Let's hope you can keep the LTHs entertained as well as I have - good luck!
Bye!
More patience required? Really? At last beardozer's wrath is unleashed:
"Oh missing jackpot,
Why no trace?
Fruitful long shot
Or wild goose chase?
Begs this crackpot:
Show your face!"
Exit beardozer - what's the point of posting here? Nothing happens and I'm constantly attacked by idiots who have nothing to contribute. AIM will end up disappearing up its own vestibule. GLA!
Looks like we need tranche 3 away at a decent price, guess that just wishful thinking though
Everything is mapping out nicely..
Well done board for updating us the shareholders.
Only gripe is, I would love our new CEO to give us a few words.
Gla, a little more patience and we will ALL be rewarded.
Patience has been granted in vast quantities. Its over 13 years since this thing was listed at 156p. Its over 12 years since they first announced a search for a strategic investor. Its over 1 year & 4 months since they did the Glencore stake merger. The key to the whole thing is nailing down a strategic investor, everything else is background noise - we had all the misleading hints around New Year that the Saudis were in play. Now all we have 3 months later is this pathetic woffle about "interest":
"Strategic partner initiative: the Company is pleased to have received, interest in the development of the Zanaga Project from a number of parties. Discussions continue and the Company will provide further updates in due course."
..but no fundamental issues of concern to me. A multi billion pound project takes the time it needs..
So you obviously identify as a clown?
Did I mention you Dozy B :-)
Danny B will be laughing at this for sure.
The only shambles is you bd. Massive pusseo.
you're the only clown here! what exactly are you trying to achieve? are you being paid to ramp zioc? wouldn't surprise me - what a ******* shambles!