Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
IMO 700 M is never going to happen. glen would not sell for 350M. they know what it is worth and there are other guys beside chinese that could buy. my guess is if BO, it is 5 usd /share, so just below 3B for all of it. just my guess.
yes. 350 M usd
https://www.brrmedia.co.uk/broadcasts/5df74f3c1727256b168b6a55/zanaga-iron-ore-an-introduction
hi extrader. true that BOD did not pay 1.56 but they are in at higher levels vs today, and they invested alot of money from the ipo to investigate the ressource. I dont think you can put a pricetag on zanaga based on the limited trading on AIM. The pricetag will be based on what a 2.1 reserve 65+FE is worth for a buyer. lets not forget glen. they are fully aware of what the mine is worth for the right buyer, and I dont think they will let it go for peanuts. I still believe there is a larger reason behind the frame agreement with the chinese, as I dont think they would use any time on this for free, unless they have a bigger plan in their minds.
IMO zanaga will not be prices based on the limited trading of the limited free float of shares. if you look at 1 mio shares traded normally per day, this is only 40k gbp value. zanaga will in case of an offer be prices based on what is the value of the ressource. the large share holders in zanaga, will not accept an offer of ie 15 p, even if it is 4x. alot of people are in from much higher levels, and the value of zanaga in terms of the ressource has not gone down since the ipo, but only gone up. it is not reflected in the current SP, but will IMO be i case someone wants to buy both our half and glencores half.
I dont see this being a pump via twitter. the activity on twitter was much more 1 week ago, and nothing today. My guess is that there are positive news coming. could be an offer or maybe even already sold:-) lets hope. I see huge upside possible here (and I am not taking 20-30, but 200-300). cross fingers
@technician. I would not pay much attention to what simon thinks. As you say yourself, the current shareprice of GLEN is complete irrelevant vs IPO price for ZIOC. He does not know what he is talking about and is not invested anyway, so my advice is, just ignore it. In case ZIOC is going to raise money, which I doubt they will as in that scenario, I think they will get a loan from BOD of around 1 mio. Iron ore prices are rocket high and for sure now i the time to develop zanaga. they have money until august based on the half year report, and in my view would not need more than max 1 year more, ie around 1.2 mio. So even if they did it by new shares, you are diiuted 10%. who cares. 10% is nothing in the big picture. Look at other shares these days. 10% down per day is not unusual in these panic days. I am not worried. when this assets come to net move, we will all make a very decent profit. if 10 or 100x, I cant say, but I am also happy with 10x
I see different scenarios. IMO china would never engage with us, if they dd not have a bigger plan for zioc. why spend the time. I know china, and normally they want to own and control the project, so for me I see little chance that we can add any value for them on the next phase, so in my view they will buy us out. I also would guess they will try and offer glencore a good price to get the whole lot. My hopes are this will push the price up alot as glen would not sell cheap. If glen dont want to sell I also see a scenario likely to be that china buy us out, and do a JV with GLEN, where glen gets royalty every year, and the chinese pay the infra structure. I dont think glen has the money currently to pay for infrastructure, looking at their marketcap, so could be a good solution for glen to get royalty next 30 years and pay noting to he infrastructure, but maybe get 10-15% of the yearly production. just some ideas I find likely at current stage. ZIOC promised an q1 update, so hopefully we know much more in 10 days max..
I still think current SP is not really relevant to what Chinese or others would say the project is worth. there are still large shareholders in ZIOC that has shares at a much higher price. Even IPO was around 1.5 GBP as I recall. the level today with daily activity for value of 20,000 gpb is not so relevant I would say. If someone anted to start buying up 100 mio shares within few months, the price would easily go 5-10 X today because of limited free flow
Veteran. looking at GLEN share price, they probably also would like to decrease depth and keep shareholders interests. I doubt they have money to develop themself, as that is a huge investment. Question is what do you believe GLEN would accept? My guess is if they got 3 B gbp for their half, it could be of interest. they have a market cap of 25 b, so would be 12% on top in free cash. what do you think is acceptable fro them?
Simon I dont understand why you spend time on this board when you dont have a single stock. If ZIOC go bust, then come back and write, "what did I tell you". If they get a JV/BO, then come back and congratulate all of us shareholders, who got it right. No one knows what will happen and naturally there is big risks, but on the others hand I have not seen as good an opportunity for long time, so I am willing to take the risk. I am sure you naturally also did not loose a single usd during last week, because you naturally bought put options friday 21 jan... So we are aware ZIOC has risk but also a chance for heavily rewards, so lets see how it ends up, and as you dont have any shares, I would use my time in forums where I actually have shares, to get a fruitful discussion. And if you are right in the end and zioc go bust, then come back with your comments, and I would be happy to tell you, I was wrong and you were right, but until then, spend your time on forums discussing stock you actually own. (if you own any at all)
for sure there will be impact on companies results for q1+q2, but again this is not the end of the world. to be honest the market was screaming for a reason to get a correction, and thats what it gets now, but corona is not worse than any other flu. many people had it but never noticed, but thought it was a normal flu. i agree overall market will drop probably for next 2-3 weeks, but with the increase and ATH year after year last 5 tears, probably logical to get a 20% drop now
my view is that for development of zanaga it has no impact what you see with corona these days and market drop. it might delay the process with some months due to travel restrictions etc, but once the corona get under control within 1 month is my guess, things are back to normal and you could see a big general demand in q2 and growth. seems to be under control in china with less infected everyday
@Rockd. I do not really see an issue in the paragraph in the Frame Agreement in Dec. Jumelles is 50%+1 share owned by GLEN and 50%-1 share by ZIOC. So Neither ZIOC or GLEN should be mentioned in the framework as it is Jumelles that are having the discussions. I cant see how they can move on in a deal, unless the 50%- 1 share is in on it. Jumeless cant just take all ZIOC share at 0 value, even if GLEN in the end has final decision. My guess is if GLEN wanted ZIOC out, in case they want to produce on their own, that they would offer ZIOC a trade between ZIOC shares and getting GLEN shares in return. ZIOC can easily keep the lights on as a small loan for 1,2 mio USD, would give minimum another 12 month, from end august where they would be in need of new money, according to H1 posted result. This would give plenty of time to find a solution before august 2021
could some of this be a seller who would sell to another company of his own, due to whatever reason ? Tax? I am just wondering, if you look at the 992,000 share deal after 3 pm. How many buyers do you see with a bid for 1 mio shares? there are not that many, having a bid for 1 mio shares. most trade are 10k-50k shares, so could this be a sell/buy between companies with same owner, or what do you think ? would it be OK to do such a trade for a companies with same owners as they are actually interfering with the bid/ask price? pls let me know what you think
but my guess is GLEN do want something to happen here, before the government also push them to make progress, when they look at the progress in Guinea and simandou. why would jumelles else use time on a frame agreement with the chinese? GLEN has the 1 share vote to decide in Jumelles. government also has a free ride on min 10%, so they would be pushing alot to Jumelles to get started as 10%+ is big money for next 30-40 years for the country and on top they get infrastructure. I dont think they will allow GLEN just to block with no real reason if Chineese and FMG, are there with a huge offer and commitment to build infrastructure and start revenue flow to come massively.
my guess is the chinese would want to buy the whole lot and with GLEN I am not sure they are willing to invest as much in infra structure as the Chinese, and they k ow they need Zanaga also included and that is also a long discussion how they will get the money to invest. So if the Chinese who has a good relation to the government and are already heavily involved in infrastructure licenses, decides to put a strong offer on the tabel, like 7 B USD for the whole mine, I would think GLEN would sell. To be honest I think in a negotiations with the Chinese, we are lucky GLEN is involved, as China could probably push us around easier than they can with GLEN.