Kongo, my understanding is that 5% Ti02 is not too shabby at all. There are higher grade mines in the world (circa 10%) but my understand ing is that these send to be hosted in hard rock. Pitfield's copper is hosted in sedimentary rock which is much easier to dig and process. Pitfield's Ti also occurs largely from surface rather than at depth. Of the 21 holes drilled 20 hit titanium. Only 2% of the Pitfield region has been drilled.
£8m market cap. Your choice.
Leaving chess aside for a moment, I have believed for many years that the objective of Elphick and co is to sell the asset. All the talk of developing the mine is, IMO, just a negotiating ploy to make it look like there is a plan B and to keep RoC powers appeased in terms of progress.
In terms of finance and clout to build a tier one mine, ZIOC doesn't have a pot to p*** in. GLEN clearing out if the way is the clearest indication yet that the asset will be sold. Today's news has changed nothing in this respect. Raising cash is a clear message that ZIOC will not be hurried into a low-ball priced sale.
GLA
It's important to remember that the annual results RNS is purely a legal requirement with a deadline tomorrow. (Actually I am half expecting an RNS at close of play today.)
The activities of other players (Saudi, UAE, Brazil, GLEN, etc) are, of course, independent of this.
If there was a corporate deal involving ZIOC then what are the chances that it would become announceable on the same day as the annual results? I'd say not very likely but no less likely than any other trading day.
So, what I'm looking for in the RNS is what AT says about the recent Pointe Noire news. Saying nothing will doubtless fuel all kinds of debate here. I note that AT has not commented on the 10x rise in SP over the past few months. That's open to interpretation also.
So, I'm holding for the big payout. I hope nobody here was panicked by the tree shake to 12.55p this morning. GLA
“These are an impressive set of initial drilling results from the Hizarliyayla prospect."
It looks like investors are seeing through Kerim's words and looking at the actual drill results.
Impressive? This is doing nothing for his credibility.
...make that £6M market cap and falling as we speak. Blocks of 400K and 600K being unloaded in a hurry. Could this be Southern Gold selling-off again? One man's distressed sell can be another man's opportunity
Extrader, I'd like to say that the main reason I'm playing such a big bet here is so that my Dad doesn't have to worry after the state has taken almost everything from him to pay for my Mum's end of life dementia care. With the greatest respect to others and their noble causes it's probably best if you remove me from this list please. Thanks.
I posted a few times at CTAG warning people away from the obvious pump and dump that it was. I recall one of the slimeballs on the messageboard reported me for telling the truth and I was suspended from LSE for a few days.
I am pretty certain that Aberdeenman was a cheerleader there.
I said here a long time ago that ZIOC is in a chicken and egg situation...
- there will be no mine investment until 'big money' has port & transport infrastructure plans firmly committed to.
- there will be no transport and port infrastructure commitments unless 'big money' is sure that they have access to mined ore
So the port was announced first (IMO this is huge news). I don't believe AD Ports would show their hand like this unless they had sufficient customers lined-up. I believe ZIOC's deal has already been agreed at least in principle and that we will learn about it in the next few weeks or even days. Thanks to researchers here, it looks like Vale is in the thick of it.
In the meantime, I will not sell a single one of my shares which I believe will be life changing for me. GLA.