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Looking again at costs, the $22m FEED costs are part of the Stage 1 CAPEX.
Little bit of info about the work being done now:
Front-End Engineering (FEE), or Front-End Engineering Design (FEED), is an engineering design approach used to control project expenses and thoroughly plan a project before a fix bid quote is submitted.[1] It may also be referred to as Pre-project planning (PPP), front-end loading (FEL), feasibility analysis, or early project planning.
Overview[edit]
FEED is basic engineering, which comes after the Conceptual design or Feasibility study. FEE design focuses the technical requirements as well as rough investment cost for the project. FEED can be divided into separate packages covering different portions of the project. The FEED package is used as the basis for bidding for Engineering, Procurement and Construction contracts (EPC, EPCI, etc) and is used as the design basis (or Basis of Design).
A good FEED will reflect all of the client's project-specific requirements and avoid significant changes during the execution phase. FEED contracts usually take around 1 year to complete for larger-sized projects. During the FEED phase, there is close communication between Project Owners and Operators and the Engineering Contractor to work up the project-specific requirements.
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.
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.