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Started: Jiving, Today 07:44
Last post: allthatguff, Today 10:03
Why dropped? Car crash interview 😞
What an absolute shambles Martin
Your suppose to protect shareholder value
Anyone know why it's dropped 10%
Dropping faster than a brides nighty 🤦🏻♂️
Like I suspect many LTH I have been expecting/hoping for a deal with a major strategic player (Saudis/Chinese/Japanese) that would either provide an immediate exit via buyout or a sizeable $700-800m buy-in to kick Phase 1 off. It looks like we are not going to get that immediately but there may still be hope.
Marty seems to be indicating FEED starts next quarter, on this point I agree with Shaun: he seems to be confidently announcing that as if it's essentially a done deal to get it financed. The T3 delay 'might' also reflect that the company sees an imminent funding inflow that would take care of ongoing corporate expenses & maybe loan repayment?
What if we have secured some kind of development related funding for the FEER, most likely from the West (France, EU. maybe Marty contacts), that is non dilutive ie possibly a grant or a development loan. We know France is scrambling to retain some influence in 'French Africa', as is the West/US generally as an increasing number of countries turn to China/Russia/BRICS. Words & 'principles' aren't enough, you have to offer economic development & in RoC's case what better way to help their economy than kick starting a major 'green' mining development? Also finally the West has woken up to the fact they are losing out on green mining projects to the Chinese, this is one of the few major high quality iron ore mines left.
This would explain Marty's emphasis on the developmental & environmental aspect of the Zanaga project rather than just the commercial/financial considerations. Maybe it would then lead to Western led finance for Stage 1 or maybe Saudi/China would respond with a firm counter offer? Whatever, undertaking the FEED process has two further positive benefits. First, it gives Marty an opportunity to build a team & prove to sceptics he can develop the project by successfully completing the FEED process. Second, as with the 2024 FS, the FEED process would have to be undertaken by the mine owners/developers whoever they end up being - so provided it is financed in an acceptable fashion it would clearly move the project forward towards development. Thus it may not be the immediate payday we were hoping for but it nevertheless represents forward progress.
Simandou iron ore project
20 Jun 2024
BEIJING, June 20 (Reuters) – China Baowu Steel Group has completed its first investment in the giant Simandou iron ore project in Guinea, the world's largest steelmaker said on Thursday.
Baowu did not give the financial details of its investment in the project, which is set to be the world's largest and highest grade new iron ore mine, with an annual production capacity of 120 million metric tons.
The Simandou project in southeast Guinea in Africa, which is key to the green transition in the global steel value chain, has been the subject of prolonged negotiations due to its complex ownership structure, delays caused by legal wrangling, Guinea's political upheaval and difficulties around construction.
Baowu has officially become an important shareholder after the completion of transfer of shareholding rights with the Winning Consortium Simandou (WCS), and the project has entered a stage of accelerated development, Baowu said in a WeChat post.
Simandou has four mining blocks with two in the northern region developed by WCS, made up of Singapore-based Winning International Group, Weiqiao Aluminium – part of the China Hongqiao Group – and United Mining Suppliers.
The other two blocks are owned by leading iron ore miner Rio
Tinto as part of its Simfer joint venture with
China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea.
The government of Guinea approved Baowu's investment in the Simandou project on May 30, the company said.
Baowu said in January it had raised 10 billion yuan ($1.38 billion) from a bond issue, and at least 70% of it will be used for the northern blocks of the Simandou project.
($1 = 7.2604 Chinese yuan)
(Reporting by Amy Lv and Mei Mei Chu; Editing by Shinjini Ganguli) ((Amy.Lv@thomsonreuters.com;)
Extrader, what is your concern with the previous clauses?
From what I can see as its a BVI company the BOD can override pretty much everything Reg 33, if they choose.
I would take 50p. The 20p mentioned would be pretty disappointing after such a long wait. Either way it's time for Zanaga to be in hands of a big fish not Marty the goldfish.
Yes. But it's the bits before that interest me.
Cheers
Thanks that seems to be the standard squeeze out once a bidding party achieves 90% acceptance. They have quite a way to go before hitting that level.
As A BVI company they make the point continually that its not the UK Takeover Panel that decides matters but the ZIOC BOD.
In the 23 Nov 2022 Acquisition RNS, Corporate Governance, UK City Code /Articles, Reg 33..
ATB
Started: extrader, Today 03:36
Last post: extrader, Today 03:36
Meanwhile, Little Den is continuing to show he's a 'player' :
"..Minister Denis Christel Sassou Nguesso received in audience the Ambassador of the Russian Federation to Congo this Thursday, June 13, 2024. At the heart of their meeting, the signing by the Russian and Congolese Presidents of the intergovernmental cooperation agreement between the two country.
This signing will take place on the occasion of the next state visit of the Congolese President, His Excellency Denis Sassou N'Guesso, to Moscow.
It should be noted that the signing of the said agreement will be a prelude to the implementation of the pipeline project between Pointe-Noire and Brazzaville planned as part of bilateral cooperation..."
We've got that to look forward to,.
ATB
Started: mr.nayfarn, 20 Jun 2024 12:13
Last post: Veteran10, 20 Jun 2024 19:28
Woeful podcast. Felt like he was doing the guy a favour to pump his podcast.
Nothing on twitter AFAICS, Marty has posted on his linked-in.
Mining Industry Professionals (join us at https://miningindustryprofessionals.net )Mining Industry Professionals (join us at https://miningindustryprofessionals.net )
Marty Knauth • 3rd+Marty Knauth • 3rd+
7h • 7 hours ago
Join
"..It is always worthwhile to pause and reflect where your Values and objectives sit in relation to the world around you.
With interest and momentum building around the Zanaga Project, this is sometimes hard to achieve, however thanks to Rob Tyson for the opportunity to promote not only the amazing Zanaga Project, but what we aim to achieve for the minerals industry.
Zanaga Iron Ore Company LtdZanaga Iron Ore Company Ltd
86 followers86 followers
7h • Edited • 7 hours ago
Zanaga Iron "Digs Deep".
Zanaga's CEO Marty Knauth spent some time today with Rob Tyson of "Dig Deep - the Mining Podcast", providing a virtual walk around the Republic of Congo, the Zanaga Project and minerals industry leadership.
Our 100% owned Congolese company MPD Congo is "what good looks like" when it comes to stakeholder engagement and we commend our team in the Republic of Congo, as the trust and reputation we have established is a key pillar of this fantastic Project..."
Is this all about 'greenwashing' GLEN, I wonder?
I'm not clear what MK hopes to achieve 'for the mining industry', which goes even beyond the now-accepted broadening of accountability to 'stakeholders'.
Where do the 'owners' of the business fit in ?
GLA
Very disappointing hiding behind a no doubt prepared interview with no difficult questions.
Should have been a proper shareholder presentation allowing questions regarding shareholders concerns,
HZM saga does not reflect favourably on Glen
Well, that came out of left field !
More questions than answers.
(1) Why this choice of format..and why now ?
"..@Rob Tyson, an experienced mining recruiter/head-hunter with over 10 years in the mining industry, is the founder and director of Mining International Ltd, a leading recruitment and headhunting agency based in the UK specialising in mining across the global. We source and discover new talent to fill those difficult or challenging vacancies our clients have.
Previous topics on the podcast have included what it takes to be a leader in mining, getting your dream job, looking at the opportunities and challenges in the African mining industry, and finding finance for your projects..."
Not an obvious platform on which to disclose an apparent major shift in approach and timetable.
And not within a week of a statutory requirement to update the market anyway.
(2) Who is the message aimed at - the 'bien pensants' and / or ESG community?
Or to 'soften up' PI's for a 'realistic' offer ...perhaps from the likes of these people https://www.greeninitiatives.gov.sa/about-mgi , with Ma'aden/Manara Minerals as the mechanism?
(3) Where is GLEN - and C-B - in all of this ?
Having raised Big Den's expectations AND handed a lot of ZIOC intellectual property etc to the Chinese, the potential for summary expropriation would seem to have risen significantly. A few clinics and schools plus some raising of social capital (to supplement that being done by development agencies and multilaterals) isn't going to cut it, AFAICS.
HZM is perhaps interesting read-across, if not for the reasons Moneyman has advanced - the offtake agreement seems to have been a 'makeweight' to impress the (majority) non-industry shareholders. The direct financial impact on GLEN would be small if 'take AND pay', since there was/is no product. I can't believe GLEN would have signed up to 'take or pay' since that would have required it to assume disproportionate execution risk. However, the fact that a 90%+ cost over-run could happen in a project where GLEN was a17% shareholder (and supposedly 'the adult in the room') is a pretty damning indictment of its 'greenfield' project management competence...and seemingly vindicates Ivan's long-standing aversion.
Interesting that all this 'unravel' would seem to have been happening around the time ZIOC was discussing possible structures with its 'strategic investors...or partners'. I re-read that Manara Minerals checklist of key requirements somewhat differently....
(4) Marty's several times repeated mantra of 'clear, consistent communication with stakeholders' is in rather poor taste, IMO.
(5) Elphick and GLEN are sharp cookies and will have gone down this route for a reason, let's hope it leads to the 'least bad' outcome.
Next week's newsflow will be interesting, to say the least .
GLA and ATB
FEED commencement Q3 2024.. so who is stumping up $22m for this part of the project? To be that confident in saying a time line, they must have ducks in a row, and the money/strategic ready to go and fund it..
Started: beardozer, 19 Jun 2024 16:47
Last post: MerMillions, 20 Jun 2024 12:47
Approaching H1 and still nothing
Like watching paint dry.
No PR just silence
What a way to treat Investors/Shareholders
I understand the nervous posts but to be fair the hydroelectric MOU is done, the updated feasibility study is done and Knauth has been brought in for his French speaking negotiation skills. ZIOC are not sitting on their hands. I am fed up too that they said Q1 for a strategic investor and also about the share price though. Starting to think you have to have a cut off point - ie no deal in 6 months, sell up and get on with life.
That’s my fear-if they don’t get on with it the licence will be reassigned to someone who can.
The attitude by Glencore is strange -they would make billions if they financed the project themselves -thought that was the purpose of a company-to make returns for their shareholders-buying the balance of the project for £2 a share would be a bargain
Hi Extrader, I certainly hope Elphick & Glencore are realistic when it comes to price/offtake haggling, but historically both have been hard core on these issues. It largely depends on whether we one or two serious bidders. If it is only one then our negotiating leeway is of course weaker, and the weakness of our position is easy to see. Trading at a laughably low share price relative to our asset, no chance of financing the project via equity raises, a difficult major shareholder who wants the offtake but doesnt want to take responsibility for developing/operating the mine (even if no financial contribution or risk!). We have no hope of developing the mine without a strategic investor & if we dont allow someone to develop this soon, it is possible the RoC will lose patience & give the licence to someone who can. So I see time as working against us & of course every additional year involves more dilution.
So I understand why Elphick/Glen are manoeuvring as best they can - putting out the new 2024 FS & getting Marty to try to drum up interest in China/Japan. But if the only offer in town (Saudis since early 2023??) is a lowball one, IMO we need to accept that sooner rather than later, we certainly don't want any serious offer walking away!
Glencore had an offtake agreement and Horizonte’s mine build cost went way over budget and the company is now in liquidation -hence Glencore will get nothing
Started: allthatguff, 20 Jun 2024 08:11
Last post: allthatguff, 20 Jun 2024 08:11
I have completed my own mental re-evaluation this morning. No need to panic.
- all building blocks are in place, project and strategic level . No better time forward this project than now.
- interested partIES..plural.. maybe delays are due to competing offers, we do not know..
- strongest project fundamentals and insanely undervalued!!
Stick!! No rash knee jerk decisions or impatience, could be very costly!
When we have further info, then re-evaluate.
Started: beardozer, 19 Jun 2024 14:20
Last post: extrader, 19 Jun 2024 18:16
Hi beardozer
.."Constantly posting "information" which doesn't raise the SP. .."
With all due respect (which is a moveable feast), I think you're naive even to entertain the notion that comment on a minor bulletin board can influence a share price significantly, either up or down.
Do you think MBS (if it is he) is going to make an investment decision depending on what sort of property an anonymous shareholder is daydreaming he'll spend his 'winnings' on ?
He'll do so -if at all - on 'rational' investment considerations, balanced against a host of other considerations specific to his fairly unique domestic and international political status.
I think our position is in some ways analogous to spectators at a cricket match : firstly, we have no influence or say on the final result; second, when nothing much is happening, we can fill in time by going to the bar, chatting with mates, looking at our social media...or comment/speculate about things vaguely (maybe) related to the game's progress and outcome : the weather forecast; the quality of the pitch; the captains' tactics; the form of the players; the use of the crease, etc etc.
Every now and then there are enforced breaks in play, that invite opportunities for fresh commentary from a different perspective.
We should have some 'new news' in the next week or so (month-end being Sunday 30th), for folk to chew over (or not).
But remember : It’s a complicated business and we should perhaps leave the last word to John Arlott who once said ‘we take life too lightly and sport too seriously’.
https://www.thefulltoss.com/england-cricket-blog/the-commentators-old-and-new/
ATB
Beardozer, I would rather rub my ears off with a brick than listen to you!
Ignore it and there's not much else to read apart from the likes of me! Maybe why I get so many ticks? Maybe ZIOC investors want to read something that's real from a fellow shareholder? I dunno! Can this really carry on like this for much longer? The SP has long indicated that it can. Come on DANNYBAREY, suggest a reason for optimism!
Much of the “research” posted here - and even more so in the personal playpen - is nothing more than desperate speculation on the thinnest of grounds.
‘Twas ever thus. Just ignore it!
Constantly posting "information" which doesn't raise the SP. What's the point? To indicate something is happening behind the scenes while NOTHING is actually happening? I'm half-expecting to be here a year from now with a lower SP. So why not sell and shut up? Good question!
Last post: beardozer, 19 Jun 2024 13:04
Me too! How much longer can they drag this out? And to what purpose? A higher price? We certainly need a higher SP if a takeover is based on multiples of it. Ah! enlightenment darkens my door not for the first time. While I'm here, Reform have lost my vote and now I'll be voting Green on the grounds that they share my belief that nobody within an organisation should be paid more than 10 times the lowest worker. THIS IS RADICAL! Top dog pays himself £500k knowing the cleaner will receive £50k. The repercussions would be interesting. I can't see a downside - how about you extrader?
I'm a relatively newcomer after only 10 years!
I agree with you entirely and the last update provided suggested to me that we are months away from even an MOU, never mind a final investment decision
After so long I'm beginning to use patience with the wait
Started: allthatguff, 16 Jun 2024 10:08
Last post: Jiving, 18 Jun 2024 13:54
Extrader, thanks very useful to remind us of a key strategic investor Marden's investment objectives. I see you capitalised the key phrase here: "..... long term PARTNERSHIPS WITH WORLD CLASS OPERATORS.". Of course this is a simple requirement for all professional investors in a world class greenfield mining project; you have to have it developed by a WORLD CLASS OPERATOR not by a start-up. ABC.
Hi atg,
Thanks for this!
See also Marty's most recent likes :
- JSW Group - our old friends the Jindals, active in Oman
https://www.omanobserver.om/article/1139744/business/economy/vulcan-to-oversee-jindal-groups-new-steel-investments-in-oman,
Vulcan also took over Vale's coal interests in Moatize, Mozambique. Jindal itself is scouring Africa looking for iron ore feedstock...see prev.
- https://www.jfe-steel.co.jp/en/
JFE Steel is the second largest Japanese steel manufacturer. The company was created in 2002 through the merger of the steel manufacturing business of Kawasaki Steel and NKK....
Some might say that Marty's being an 'equal opportunities endorser', I couldn't possibly comment!
GLA
That was then...
Creation of Manara Minerals :
https://www.pif.gov.sa/en/news-and-insights/press-releases/2023/pif-and-maaden/
January 2023
.."Ma’aden will own 51% and PIF will own 49% of the company
The company will initially invest in iron ore, copper, nickel, and lithium, as a non-operating partner taking minority equity positions in mining assets globally ..."
Manara sets out its stall :
https://www.manaraminerals.com/Investments.html
The key pillars of our investment strategy:
1. Partnership
We take MINORITY positions in companies and assets, providing long-term capital for long term PARTNERSHIPS WITH WORLD CLASS OPERATORS.
2. Structure
We make equity investments to participate in the expected growth of an opportunity.
3. Offtake
SECURING OFFTAKE is critical to our investments, which feed into global markets. [Their position won't/shouldn't have come as a surprise to GLEN...]
4. Commodities
We are currently focused on copper, lithium, nickel and iron ore [note order change...strategy or just responding to opportunities? ].
5. International
Our investment mandate is global, and we see opportunities in AFRICA and Asia, CONNECTING WITH VALUE CHAINS in the Middle East.
6. Life cycle
We invest across the life cycle of an asset, while ensuring a balanced portfolio.
7. Enabling industry
Together with our partners, we seek to support MID-STREAM INDUSTRIAL DEVELOPMENT in the Kingdom and provide access to regional growth markets.
8. ESG
We keep the principles of ESG at the forefront of our investments.
Backed by Ma’aden, a global leading mining company, and PIF, one of the world’s largest sovereign wealth funds.
We have access to the resources that will ACCELERATE THE DEVELOPMENT OF WORLD CLASS MINING ASSETS.
This is now :
(1) Copper and nickel?
Initial target addressed by 10% Vale Base Metals investment , with additional copper as part of proposed Reqo Diq investment (believed in process)
(2) Lithium ?
Bandar's on the case :
https://www.reuters.com/markets/commodities/saudi-arabia-set-securing-lithium-ev-ambitions-2024-04-28/
followed by
https://www.reuters.com/markets/commodities/chile-says-saudi-mining-minister-visit-lithium-expected-agenda-2024-06-16/
Saudi also said to be sniffing around Argentina...the 'new Saudi Arabia' of lithium
https://www.investorintel.com/critical-minerals-rare-earths/argentina-the-new-saudi-arabia-of-lithium/
https://www.bloomberglinea.com/english/these-are-the-41-companies-betting-on-argentinas-lithium-key-export-and-price-forecasts/
(3) Iron ore?
There's a big empty 'checklist' box waiting to be filled...
At some point, MBS is going to ask for an update on the plan...
GLA
Looking at Mr Knauth's linkedin "likes" from the last 7 days is very reassuring..
- the Saudi connection is still very much evident !
- the International Facilities Services "like" is strongly indicative that an on the ground project is still likely to ahead. Otherwise why bother at this stage..
Have a super Sunday all, let's see what the new week delivers. One day Rodders.. 😀
Started: extrader, 14 Jun 2024 14:03
Last post: extrader, 15 Jun 2024 01:44
PS : Vale CEO Bartolomeo's comments came at the FII conference, which will be holding its next summit in Riyadh in late October 2024.
The Future Investment Initiative Institute, or FII Institute, is a non-profit organisation run by the Public Investment Fund, Saudi Arabia's main sovereign wealth fund. The Future Investment Initiative was announced in September 2017 by Saudi Arabia's Public Investment Fund, to "host an annual event bringing people together to invest in the most promising solutions". This has to be seen in the context of the Saudi Vision 2030 program of economic and social reform.
The Saudi Ministry of Investment is a 'Vision Partner' and Ma'aden is listed amongst the contributors as is this new start-up (Feb 2024), Saudi and M East Green Initiatives
https://www.greeninitiatives.gov.sa/about-sgi/
GLA
Https://finance.yahoo.com/news/china-steel-demand-plateaus-decent-193113367.html
Comments on the outlook for iron ore prices, a shift in emphasis in China from rebar to plate, Vale interest in a new (for it) market - the US - and continued interest in the M East
.."Vale aims to keep demand up by serving steelmakers across the world through “mega hubs” in the Middle East, Brazil and US as part of its push to manufacture steel using higher-grade iron ore to help reduce emissions..."
Good to see the aspiration re-stated, let's see some 'perspiration' !
GLA
Started: extrader, 11 Jun 2024 20:24
Last post: beardozer, 14 Jun 2024 16:24
Obviously, I think the "moaning Minnie's" have a lot to moan about! Especially when ZIOC is around 70% of my PF. I've not noticed much "fighting back" apart from endless information which doesn't appear to raise the SP. Driving made an excellent point on the HMV board: "We really shouldn’t be trading at a £50m market cap, I would argue a £500m market cap would be ludicrous cheap pre-strategic partner announcement!? Something has got to give." If the time has never been better for Zanaga than now then why is the SP not reflecting that? Why are we stuck where we are? Try fighting back against the SP, DANNYBAREY! Meanwhile, any ZIOC investor who actually respects my opinion might like to cast their eye over poor old TOM. Bombed-out, in need of finance, but sitting on a goldmine (looks better than oil-and-sandmine). DYOR! Apologies for ramping another stock but I wish it happened more often on here! On the grounds that anyone who's clever/stupid enough to invest in ZIOC must have other interesting investment ideas. Personally, I struggle to find anything I want to invest in these days apart from the six companies in which I'm already invested. A portfolio of 6 certainly concentrates the mind! And, as we all know, the mind is everything! What you think you become.
Good to see others fighting back against the moaning Minnie’s. Also, where is that skid mark on the underwear of life that others refer to as dozybear?
Nobody wants a speeding ticket from the thought police 👮😭🤣
There’s a discussion board, and then there’s blatant sowing of doubt. Driving turned up after the best sp close for a month, and mentions T3 has been taken and not RNSd = wrong. And then mentioned about the sp not rising = wrong.
? It is what they call a "discussion board", unlike the other one which is "his master's voice".?
Started: alwayshoping, 13 Jun 2024 09:57
Last post: alwayshoping, 13 Jun 2024 09:57
More confirmation of the Saudis and Brazil strengthening their relationships with each other, and in particular "mining" related.
What we do know is that both the Saudis and Vale need a plentiful long term supply of top grade iron ore and also Vale have expressed their desire to get into Africa after past failures.
Whether the two of them will become part of a consortium involved in the future of Zioc, then only time will tell.
A usual though....alwayshoping.
https://www.arabnews.com/node/2529231/business-economy
Started: Catbert, 10 Jun 2024 12:09
Last post: extrader, 10 Jun 2024 17:42
Russian interests in C-B (apart from ambassadorial), are represented by Jean-Luc Ollivier, local agent for Rusatom (of the recent hydropower discussions
https://tass.com/economy/1798671
.."Earlier it became known that RASU JSC, a subsidiary of Russian nuclear corporation Rosatom, is working on a project for the construction of small hydroelectric power plants in the Republic of the Congo, the total capacity of which at the first stage will be 500 MW..."
https://www.brazzavillefoundation.org/membres/jean-yves-ollivier/
Ollivier is/was the driver behind Lula/Big Den's Three Basins initiative...
ATB
It is no secret that the Russians wish to expand their DRI capacity and plan to more than double their output.
Much of their production goes to China. Given that their gas pipeline was cut by parties unmentionable they need to use their gas for something useful.
Indeed it wouldn't surprise if they had more ambitious plans long term.
Russia has some high quality Iron mines in Karelia but most are 45% purity at best and it is a state secret as to what their higher quality mines have as an output. Reading between the lines one would guess not enough to fulfil their ambitions in the DRI space.
In other words the Middle East isn't the only place suited to DRI production and the Russians may need to import the raw materials. Presumably at some point the Ukraine will see peace and a more reasonable relationship can be established between East and West.
By then the Russians might have made a good business in Green steel.
Little wonder that they are rolling out the Red carpet for Big Den.
All IMHO.
GLA DYOR.
Last post: DANNYBAREY, 10 Jun 2024 13:18
i know. isn’t he a pain. i can’t understand why his posts get so many tick's. he seems to be a ****ed stained **** head who just rambles on.
“In my case, it was buy it and forget about it until the jackpot arrives.”
Or in Dozeybear’s case, buy it and moan about it forever..
The comment about Labour and CGT was addressed elsewhere and I accept your point about the need to monitor news which could affect your investment. My comment was about ZIOC in particular and my eternal contention that it's a binary bet. In my case, it was buy it and forget about it until the jackpot arrives. As I've said before, I always imagined ZIOC as a piece of paper in a filing cabinet somewhere. Finally, things are happening on the ground and the SP ignores it.
I didn't say anything about Labour and CGT. Why would you continually keep an eye on news that could affect your investment? Opportunity. To sell, to buy more. It depends. But surely everyone monitors news which could have an impact on their investment. You can't just buy shares and forget about them. Tracker funds maybe but def not AIM shares!
That's your choice! Knowledge doesn't change anything! If you're a LTH you're a LTH! Why would you waste your precious time searching for "evidence" to support your investment decision? Maybe you're over-extended - I certainly am! It's a binary bet based on the need for iron ore - simples! As for talk of Labour inflicting CGT on house sales - in your dreams! At the same time, it wouldn't hurt if houses suddenly became affordable. What worries me is any changes to ISA rules but I'm sure my Zanaga jackpot will hit my bank account before any Labour government can tax it!
Started: alwayshoping, 7 Jun 2024 19:05
Last post: alwayshoping, 7 Jun 2024 19:05
Updated 07 June 2024
ARAB NEWS
June 07, 2024
13:58
RIYADH: Saudi Arabia is set to raise over $11.2 billion by selling shares in oil giant Aramco to fund its spending plans, after pricing its stock at SR27.25 ($7.27), the company announced.
https://www.arabnews.com/node/2525656/business-economy
As usual...alwayshoping
Started: alwayshoping, 7 Jun 2024 19:04
Last post: alwayshoping, 7 Jun 2024 19:04
Updated 07 June 2024
ARAB NEWS
June 07, 2024
13:58
RIYADH: Saudi Arabia is set to raise over $11.2 billion by selling shares in oil giant Aramco to fund its spending plans, after pricing its stock at SR27.25 ($7.27), the company announced.
https://www.arabnews.com/node/2525656/business-economy
As usual...alwayshoping
Last post: beardozer, 7 Jun 2024 16:38
congratzamundo on increasing your holding just like me! it struck me that if every lth increased their holding then how many shares would that leave in free float? can you imagine the effect of someone wanting to buy 1,000,000 shares? we wouldn't need a deal! not for the first time, zioc is starting to remind me of the story about the man who keeps offering higher and higher prices for monkeys. eventually the natives pay silly money to buy back the monkeys they've sold him for sensible money. then he disappears. definition of a goldmine: a liar beside a hole in the ground. without glen's involvement zioc would've have foundered years ago. please get it over with!
and ignore drunken ramblings at your peril - i am ipsissimus and live in perfect balance with the manifest universe.
always bear in mind: the mind is everything, what you think you become.
does that mean: believe in a zioc jackpot and you will receive a zioc jackpot?
positive thinking certainly works (as does negative thinking).
i fly above both. or look upwards. there is no position in infinite space. ******* hell, have i just attained enlightenment?
i wouldn't put it past me and i've been experiencing flashes of divine love over the past couple of days after a family member suddenly collapsed. fortunately, he swiftly recovered but it's changed my perspective.
Started: Driving, 6 Jun 2024 13:42
Last post: MerMillions, 7 Jun 2024 08:54
As I said 3 weeks ago
Let’s hope it happens BEFORE General Election for which I was slated
Yes, indeed.
And slaps capital gains tax on primary residential house sales 😳
That alone will kill the housing market stone dead!
Let’s hope something happens here before Reeves equalizes capital gains and income tax rates
Life changing so I don't have to get up at 7am and be disappointed every day or spend my time on Google searching Nguesso, Africa Iron Ore, AD Ports, High Grade Iron Ore, Simandou, Vale, Manara, Japan Iron Ore, China Iron Ore, Vale and loads more!
I’m guilty of adding a few myself.
For any new investors..please watch & share..
https://m.youtube.com/watch?v=vELdbUybOQ0&pp=ygUPemFuYWdhIGlyb24gb3Jl
In summary our CEO states he is confident of getting project finance through new strategic partner(s)..
He is a respected industry giant, who states he has never seen anything like our project economics before!
When the deal(soon) gets announced this share will be life changing for many who saw this opportunity.
IMO & GLA.
Started: extrader, 2 Jun 2024 14:23
Last post: extrader, 2 Jun 2024 14:23
Little Den's latest
.."Today, I received HE Mr. Ilias Iskandarov, Ambassador of the Federation from #Russie to #Congo . He announced to me the upcoming working visit to the Congo by HE Sergei Lavrov, Russian Minister of Foreign Affairs, then we discussed the organization of the STATE VISIT of the President of the Republic of Congo to Russia, which will take place soon.
Our discussions also focused on ways to strengthen our bilateral cooperation in strategic areas such as science, technology, economy and finance.
We also reviewed the progress of several key projects concluded between our two countries, particularly in the energy and DEFENCE sectors. We were delighted to see the tangible progress made, the fruit of our strong and ambitious partnership..."
GLA
Started: beardozer, 1 Jun 2024 17:00
Last post: beardozer, 2 Jun 2024 14:17
Agreed but it's an interesting property: why was it ever built in Suffolk when it looks like it belongs in Los Angeles? There are two USAF airbases close by which makes me think an American military top dog commissioned it. I'm worried about the cost of maintenance - I suspect it would be a bit like the Forth Road Bridge. For any ZIOC punk rockers out there: Johnny Moped has a new CD called Quonk! He's a year older than me.
The council tax on that monstrosity must be insane 😳. Band H!!!
What a fugly pile of bricks that is!
If you feel like an idiot for investing in ZIOC then join the club!
We're all idiots! I've been here 12 years and the SP is slightly below my average - I need a huge return to make it worthwhile.
No idea why charts led you to invest in such a share as ZIOC but now you're here why not make the most of it instead of attacking fellow shareholders? We WILL bank a profit at some point but who knows when? Incidentally, today I came across a very relevant quote from Heraclitus (c. 550BC): Knowledge is not intelligence. Sums up Boris Johnson and MinorMiner perfectly.
Your eloquence is wasted on such dismal posts! How about posting your thoughts on why ZIOC is a wonderful investment? Admittedly, there's very little to support such a hypothesis but I'm sure you can attract new investors if you really tried!
Started: extrader, 31 May 2024 17:15
Last post: DANNYBAREY, 1 Jun 2024 20:30
The search for the new Bob Hope is over. See what I did there. I never knew you were so funny, witty and charming. You poor bastard.
Oh, Danny girl, the charts, the charts are calling....
I will admit I took a punt as the chart gave me a buying entry. You, however, have been stuck here for years. Me, only months. I think you need to rethink your insults. Poor bastard
You are stuck in a share you dont have a clue about
You tend to use the word hope a lot in your posts.. I hope you get your money back. And I hope that you have not pawned the family silver to buy in here. You seem to have been in here since 2019. Blimey. You poor bastard.
Started: marcusg71, 31 May 2024 14:02
Last post: extrader, 31 May 2024 16:02
...and before russian fm yavrov's drop-in on big den next monday.....
see also that reko diq may be facing challenges/delays over (a) internal security issues and (b) choice of export port (chinese-controlled) gwadar or karachi
per https://tribune.com.pk/story/2468939/us-interested-in-giving-loan-for-reko-diq-mining-project
and https://thediplomat.com/2024/05/the-china-****stan-economic-corridor-is-under-attack/
****stan is arguably more important strategically for us/china than c-b, but equally arguably more 'challenging'...and with more at stake.
otoh
(1) we have an fs ready (not 6 months away) ; (2) a 'clean slate' port in less potentially hostile/'complicated' hands (3) less critical an imf debt issue; and (4) less immediately (and likely more manageable) a security issue... maybe manara will re-think its priorities , esp if (a) it is seriously interested in zioc and (b) there's a credible threat that they'll lose out to an asian ( chinese/japanese ?) consortium.
and maybe there's even - a la deko riq - a big enough mining equipment requirement at zanaga to 'unlock' us exim and imf/world bank /miga credit ?
and give further credibility/substance to the biden belated and recent 'pivot to africa'...
not a win-win', but a 'win-win-win'.....
gla and atb
Interesting timing after Marty’s visit to China last week.
https://x.com/pr_congo/status/1796525873421791333?s=46&t=z4xNhdJMfh7lQTckBCIJuw
Started: allthatguff, 29 May 2024 09:52
Last post: Jiving, 30 May 2024 20:06
Yep AWS you cant just leave that hanging, what do you mean?
AWS-Ok I’ll bite, “what have you recently learned”?
Re thedealbreaker..."I dearly hope I am wrong but whilst he sounded very credible and professional in his approach, my interpretation of it was that we are still some way off getting to any sort of MoU.
I guess only time will tell.....and also Mitch,s post.
From what I learned recently, you are probably going to be correct, unless we get official interest from outside of Asia a lot sooner. As usual...alwayshoping
Agree. for me this will be for a full buyout. Not an investment partner, but clear buy out
Mitch I am in agreement with most of your points. Regarding ZIOC & the Saudis the communication I was thinking of primarily was the tweet of 20/12/23 that specifically linked MK to Saudi strategic talks: "Pleased to confirm that #ZIOC’s CEO, Mr Marty Knauth, and other members of the ZIOC team will be at the #FutureMineralsForum in Riyadh from 9-11 Jan 2024 to progress engagement with strategic partners".
The 2024 FS reveals a stunningly attractive project that is hitting the market at exactly the time major global players are gearing up for green steel. My sole issue with the current project structure, is that I view the Marty start-up as being completely unrealistic for a project of this scale. Strategic investors would prefer/need a major global mining company with experience of working on vast projects in the developing world. A global miner brings two things, first a corporate commitment to getting the project done ie its putting its reputation on the line. Second bringing with it a wealth of institutional knowledge & experienced management teams that have worked together on similar projects. It also begs the question that if a strategic investor coughs up the equity finance why doesn't Glencore step up for this role as it would not involve any financial commitment beyond dilution?
The Marty start-up seems to be a gambit to get the project details in front of the key players in the hope of getting an attractive buyout offer (or ideally competing offers). The successful buyout team then bring in a global miner as developer/operator & I agree with posters on both boards that Vale looks to be the ideal company to play that role. Crucially it has excellent relations with the Saudis, Chinese & Japanese. The Chinese may wish to go it alone & make the entire project Chinese operated from mine to port - a possible reason why there is no port MOU announcement is to keep that role open. So in summary its a very attractive project hitting the market at just the right time, which will hopefully draw in serious buyout offers.
Started: allthatguff, 30 May 2024 07:17
Last post: marcusg71, 30 May 2024 10:28
I’m of a similar thought process Vet10.
I think we are on the home stretch re Strategics.
I dearly hope I am wrong but whilst he sounded very credible and professional in his approach, my interpretation of it was that we are still some way off getting to any sort of MoU.
I guess only time will tell.
I think MK deliberately didn't put a deadline on it in the interview to avoid over promising and under delivering as in Q1. My hope is we are actually very close and they aim to over deliver going forward.
I like the text on LinkedIn where the company thanks Proactive for the interview..
"Momentum is building around the Zanaga Project and we look forward to the next briefing as other planned milestones are achieved."
## that is actually reassuring. 🙂