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Well they came through & the figures are stunning. First take, they are almost twice the 2014 FS figures:
12m pa NPV = $3681m IRR = 26%
30m pa NPV = $7357m IRR = 28%
This is what we have been waiting for & this is going to be the basis for any buy-in or buyout partners.
Elphick "We look forward to presenting these results to the various strategic partners we have been engaging with and advancing our discussions further with them as we look to progress towards front end engineering and design of the project"
https://www.londonstockexchange.com/news-article/ZIOC/feasibility-study-update/16446302
Driving I have zero influence on deciding publication dates & we may well get the FS tomorrow as you hope. My point is I dont 'need' to know tomorrow what the FS figures are, yes it would be interesting & would likely confirm our valuation hopes. But if there is tactical/negotiating advantage to be gained holding back the publication date, then I want the ZIOC negotiators to have every advantage, small or large, they can have.
The point is all to do with competition, as ZIOC investors we theoretically want the most competition we can generate for the project, in order to drive the highest price. But the exact opposite is the case for the bidders, they want the least competition & the public release of the FS figures would potentially maximise competition. Often in these situations the two parties agree to limit competition for an agreed period via an Exclusivity agreement that typically lasts 30 days+. A less legalistic, more informal approach might be for ZIOC to simply hold the FS release back whilst negotiations are positive & leading towards a satisfactory deal. Just a thought, it may all be irrelevant conjecture if we get a 7.00 RNS tomorrow.
Jiv- I am a current shareholder, my interests(should) trump future “potential” shareholders.
I agree with you that the delay until the last day in April(unless we get a RNS today), maybe due to “other” behind the scenes activities, but I still, as a loyal shareholder “EXPECT” to be updated before end of play tomorrow.
Even if that is to be an update, that they cannot provide the updated costings.
I also note that since the restructuring of the company in late 2022, the board has been adhering to informing shareholders of developments quite stringently.
Gla.
We will see tomorrow Driving how it pans out, for me its not a big deal whether they come tomorrow or another date.
The publication date of the FS could well be a negotiating point with potential investors.
Jiving-
“The final results of the 2014 FS update are expected to be announced during April 2024”.
Therefore I “expect” to be updated.
Gla.
We hope they are in detailed negotiations with one, or even better two, serious bidders (China vs Saudi/Gulf?). If that is the case should we definitely expect news tomorrow - the RNS only stated they "expected" to update us in April, that is not a firm commitment more an aspiration.
I don’t think you and shrewd count as everyone. I’d say the minority think that.
Everyone appears to be expecting more disappointment here and fully expecting to be let down be the board once more-Chinese calculators must be on a go slow.
With luck Elphick and Co descendants will make some progress by 2150!
I’m still very optimistic that news will be with us soon that substantially lifts the sp.
You say that Shrewd, but BHP’s £31bn offer last week for Anglo American didn’t leak and there would have been a lot of parties involved.
*sphincter*
The fact is, nothing appears to be leaking here at all. So either there is nothing happening or the process it is tighter than a Platypuse's sphinxter 😄. Sp means boogerall, imo. Market is absolutely broken.
Tuesday it is then 😬.
Let's face facts.....if there was significant, material news imminent, the market would have sniff of it (too many entities involved not too) and the price would be 15-20p on insider buying.
I hate saying that but I'm not one to fool myself.
7p suggests it'll be an "as you were" RNS (when it eventually drops 🙄).
Please prove me wrong Zioc 🤞🏻
Got to hand it to you beardozer, you made me smile 😄. Cheers 🍷
Ps. Don't worry about Zanga, you are in the right place at the right time (finally!).
What do I care - I'm a pensioner! Just got caught short racing to the toilet - very messy! Must buy a bungalow! I look forward to reading DANNYBAREY's comments about anything other than me. Meanwhile, I hope I can stay sober enough to watch the documentary about Syd Barrett on Sky Arts tonight @ 2100. And yes, the world DOES revolve around me (and you).
LOL spoke too soon :)))
Look on the bright side, no one has called you a twat this week.
Quite possibly the biggest load of nonsensical twat talk I have ever read. No one cares about your bloody house that you want to buy, or what you are listening to. There is a time and a place and this is not it. Believe it or not, but the world does not revolve around you, you bloody twat.
Https://www.eurasiantimes.com/refused-f-35-chinese-j-20-mighty-dragons/
"Refused F-35, Chinese J-20 Mighty Dragons A Possible Replacement For US Stealth Fighters For The UAE?.."
.."Recent UAE-China engagements suggest increasing cooperation, including potential military collaboration, highlighted by the UAE’s interest in Chinese aircraft like the J-20 following their inability to secure the F-35. This shift could reshape regional military dynamics and affect US-Gulf strategic ties,” the article added.
Air force-to-air force ties between the UAE and China have been burgeoning. On April 23, Major General Saleh Mohammed bin Majren Al Ameri, commander of Joint Operations for the UAE, visited Beijing and met with Lt General Chang Dingqiu, commander of the People’s Liberation Army-Air Force (PLAAF), at the headquarters of the Chinese Ministry of Defense.
Opting for J-20 seems plausible, as the UAE has already received the Chinese Falcon L-15 advanced trainer aircraft. The delivery of L-15s is seen as China getting a toehold in the Middle East defense market..."
'It's complicated'
GLA
the sp was up 1.73% today in anticipation! very unexciting times or the sp would be far higher but other shareholders disagree despite knowing how it usually works. they can't all be paid rampers, surely? can you be a paid wishful thinker? why shouldn't the sp be at least 20p by now if the future's brighter? at the same time, what difference would it make? **** all? i note aal rejected bhp's offer which they'll almost certainly increase. elphick + glen still need a mighty kick up the **** before any of us long-suffering lths will ever see any value. and it better be worth the long wait when it finally arrives! i've just lost the house of my dreams due to the lack of a modest jackpot - a £2 takeover would've been enough to enable me to buy it. i'm gutted yet unsurprised. bits dated back to the 12th century - you can't find a house like that every day of the week. gone very retro - currently listening to korn from the 1990s. reminds me of my old dad listening to nat king cole while i was pink floyd's biggest fan in 1967. i lost interest after they dumped syd barrett.
I have not much more to say on this. all has been said and analyzed in my view. wait and watch...
I’m thinking the decision to leave the release of the updated costings until the “last minute”, can only mean we’re gonna get so much more in the update Monday/Tuesday next week..Incoming “unlocking of major value for shareholders." Anyone?
Exciting times!!
Gla.
...GLEN, instead of AAL, wasn't the receiver of an "unsolicited, non-binding and highly conditional combination proposal" from BHP who would, presumably, have required them to get rid of their Iron Ore interests.
..""The final results of the 2014 FS update are expected to be announced during April 2024."
The clock is fast running down on that one............"
ZIOC has historically left even Interim and Annual results close to deadline, even before the added complexities of the current, more dynamic situation.
There's still a week to go.....and this (hopefully relevant ;->) precedent :
.."The Glencore loan is due for repayment by 31st March.
Given that the 31st March is Easter Sunday and stock markets close Thursday 28th, we're surely going to get something before then?"...
The London stock market was in fact open for a half day on Good Friday 29th March.
An RNS arrived 28th March at 4:06pm .
It included not only a loan update AND a project update, but ALSO an update on the Shard facility AND the news of SMC's appointment as Joint Broker....
Given this, I'm cautiously optimistic that we can expect a similarly content-rich RNS by c.o.b next Tuesday.
And if there's a slight delay - which would probably be 'force majeure' given the # and calibre of counterparties - it wouldn't be the end of the world.
Meanwhile, it's a case of 'Steady the Buffs' !
Or perhaps more topically الصبر جميل.....
GLA and ATB
"The final results of the 2014 FS update are expected to be announced during April 2024."
The clock is fast running down on that one............