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Thanks for these Vet.
Well it sure seems like “squeaky bum time”
We rather we have a partner willing to fund the £22m for the FEED stage(front end engineering development), or the board will need to blitz the PR, so as to ramp up the share price for a equity raise/rights issue.
Otherwise we will remain stuck on chapter 1, the same chapter that we have been stuck on for the last 13+ years!!.
Now don’t get me wrong, I think the market is hot for this novel, and if we don’t have anybody to “put up”, then I’m all for a raise, if that’s what it takes to “Release shareholder value”.
Bring on chapter two..
Gla.
And Japan/Mitsubishi are involved , here a link to Vale -
https://www.google.com/amp/s/gmk.center/en/news/japanese-bank-to-provide-a-loan-to-vale-to-secure-iron-ore-supplies-to-the-country/amp/
If these 2 parties are to be involved in Zanaga then the attached news is good.
https://vale.com/w/vale-announces-completion-of-strategic-partnership-agreement-with-manara-minerals-1/-/categories/0
After I posted Jiving/Extrader, I came to the same conclusion - that the Corporate Presentation would be aimed at attracting institutional investors rather than strategic partners.
That makes sense as we have/had a severe lack of institutional interest.
All these cancelled trades from yesterday that are showing up today, leaves a bad taste. Not looking at ZIOC here but what is going on, MMs clumsy fingers or what?
Hi Mitch,
I wondered about this as well.
But - with acknowledged confirmation bias - I think there's another way of looking at this : Elphick's public - facing image and a desire to 'do the right thing', maybe even with a hat-tip to possible 'pari passu' considerations :
If there's a public presentation and the 12m SCM shares become available thereafter, no-one can claim (socially or legally), that they weren't given a fair chance..
Just a thought
GLA and ATB
Maybe they want to award themselves lucrative bonus targets, let's not find reasons to miserable.
Mitch, you would hope they would want to tell shareholders about the deal and why etc. Could be for that purpose. Hopefully we will know soon.
Mitch, I got the impression from MMs message that this presentation was aimed at stockmarket investors rather than strategic investors. The new 2024 FS dramatically changes the existing ZIOC investor presentations which have all been based on the prior 2014 FS. So it would be appropriate to inform long suffering investors, who have after all paid for it, how the new 2024 FS alters plans & outlook. From the earlier message it seems strategic investors will have access to the full 2024 FS once they sign an NDA, so the new presentation is unlikely to be aimed at them as interested parties would already have access to more detailed info.
Maybe they want a healthy SP as well as signed investors? Not that outlandish, Mitch. This is still a publicly listed company after all.. happy face everyone 🤣 .
But why do an updated Corporate Presentation if a deal is done, ATG?
You only do a Corporate Presentation to attract possible new investors. Personally I don't take that as a good sign, and instead a sign that they are still in the seemingly endless "finding a strategic partner" stage.
I hope I'm wrong though.
Not expecting it in a day, Jiving 🙂. All it takes is a bit company PR and some national rag to run an article, this would go ballistic. This is so unbelievably pent up..
ATG I would be happy with 9p by close today, but investors dont seem to be biting on the FS news. I wonder if the company will start pitching to specialist fund managers as well as PI - after all back in the days of the 156p IPO we had institutional investors including specialist mining funds among our core investors.
Yes that would be a good start, bring it on!
Time to close that 12800% gap to NPV, and yes we won't get it all (I know, I know 😜); let's start with an initial modest target of a tenth of that, say 1280%...90p odd..
Time to fly, Mitsubishi leak forced their hand or they were going to do it anyway?
So, is the deal done and the gag lifted? Incoming investment imminent? Looks like it !
From MM on the other board:
I understand that ZIOC plan:
An updated Corporate Presentation,
Proactive interview, and
A possible investor call to include Marty.
If he's misremembered Mitsubishi for Mitsui, the latter has an equity stake in Binding Solutions Ltd, the pelletising specialist where Trahar Senior (ex AngloAmerican CEO and then Chair) is a shareholder and was a Director for a while...
I believe that ZIOC did some work with them about 6 years ago
https://www.lse.co.uk/rns/ZIOC/pellet-test-announcement-ivf3a91en5p15hw.html
https://bindingsolutions.uk/2022/03/03/binding-solutions-secures-equity-investment-from-leading-asian-
conglomerate-2/
BSL's 2 most recent news shows they're progressing their cold pelletization technology at pace.
These are the other shareholders
https://bindingsolutions.uk/about-us/#strategic-partners
The Director Belleau comes from Champion Iron, where GLEN has a stake and Jyothish George (former Head of Glencore Iron Ore Marketing) is a Director.
'Maybe, baby..?'
GLA
Intriguing how the Advisor to the Mozambican Minister for the Economy & Finance thinks Mitsubishi are specifically involved in the expansion of the Zanaga Iron Ore mine.
Naturally i have no idea but just thinking it is strange we never heard before of mitsubishi. just my personal view
I also dont recall this in the past. the guy posting has been in his role in ministry in mozambique since 2022, so if it is his own article this could be recent. wonder if there is already someone on board.....
Cat out of the bag perhaps..
Great find nibj, I can’t recall Mitsubishi ever being linked with Zanaga. The article was written less than 3 weeks ago!!
Did anyone hear about mitsubishi investing in the past in zanaga? #3 in the link
https://www.linkedin.com/pulse/top-5-japanese-companies-investing-africa-fabio-scala-cav-osi-p5gxe/