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However, Shard clearly have someone smart working for them in Corporate Finance as evidenced by the "Shard Subscription Agreement" which allowed Zanaga to raise funds very flexibly (small amounts as and when necessary).

Extrader - Nowadays you would download your encrypted presentation from the cloud (e.g Whatsap) no need to share with anyone ahead of time.

Shard is Corporate Broker and Panmure Liberum Capital Limited is Nominated Adviser, Financial Adviser and Corporate Broker to Zanaga on all recent RNS's. I don't see any significance is favouring one over the other as a venue.

Thanks MerMillions. 18th Feb is a Tuesday also, so I missed the change in month.

If this really is a turning point in the fortunes of Zanaga (and its long suffering investors and yours truly) the "Investor Event" on 18 Feb could be sandwiched between many meetings with Institutional Investors, in several different locations.

If Zanaga want to attract serious money from Institutional Investors in the City of London, their broker will organise individual visits. The 5pm meeting might follow a day of face to face with Institutional Investors.

Company's !

Whilst on the subject of Fund Managers etc. The companies Brokers would have a preference for an RNS on a Monday morning, giving the Analysts the weekend to work on their Research Note / NPV estimates etc.

I don't think the event is intended for fund managers. Fund managers would expect and would get their own meeting.

If you don't know what options are or where they might be traded the informations is widely available on the internet any good text book on investment.

The point is not about the options themselves but how they are hedged. Options are hedged so that the trader reduces the risk of loss and can therefore take larger positions for a given amount of capital. So we are not taking about options being traded on LSE we are talking about the shares that are used to hedge option positions.

Taken on its own the RNS could imply almost anything, including AT's has lost the presentation on route from Africa !

However, with AT's Tweet ..... "Strategic partner process and project development updates will be announced in advance".... this suggests we are waiting on an RNS which will include another MOU (with a development partner) plus news of the Strategic Partner PROCESS. To me this means how we select the partner (e.g. by Auction). Any Strategic partner will want to do Due Diligence before bidding, so I'm predicting an Auction following a period for Due Diligence.

There is a lot to be optimistic about. Shore Capital in their 20 November Note, calculate an NPV of US$ 1.42 Bn (= approx 26p / Share).

I don't agree their method, the number is reasonable.

Jiving thanks for that.

FWIW - It was established that PSEI was the "Zanaga's Chinese EPC Partner" as page 7 of the November 2023 Zanaga Presentation uses the same pictures as are found on the PSEI website. Further I think that MM (in the other place) established that PSEI is (an indirect) subsidiary of Baowu.

It has always stuck me as odd that PSEI would do all of the work with any mention of Zanaga paying for any of it.

EML applied for their patent 29 September 2023. The fastest they could get it is 18 months. Time taken depend upon if there are any challenges and how quickly EML responds to any questions.

Obviously if KP2 were to use the KMP they would need to agree a royalty deal with EML (assuming the patent is granted)

https://www.search-for-intellectual-property.service.gov.uk/GB2315003.0

A consequence of the legal battle at EML is they will have staff available to consult on other projects (e.g. KP2) who might want to look at Carnallite mining. Note that Congo has the potential to produce Ammonia (from Natural Gas) and Phosphate (e.g. Hinda).

The first 3 tranches of $1 million came at intervals of 3 months. However, BRES raised about $1.8 in November, which might suggest (if spending continues at the same rate) the next one is soon (2.3 million available since July @ 1m per 3 months implies July + 7 months).

This is not the best place to discuss. But, it seems to me that they have a very solid case and if it goes the full distance will get the $ 2.2 Billion they seek. If you want to discuss further, I'm happy to comment on EML share discussion page.

When valuing Kore Potash most of the value will be in the Kola Project. But there will be value also in the other / later projects also. There will be little value in DX as it (as currently planned) is not commercial at $300 Potash.

The Kola Project mines Sylvinite as it is rich in Potash [KCl] (about 35%) the remainder is common Salt [NaCl] (which is saleable) and a small amount of insoluble waste. The resource is 848 Mt of Sylvinite. Kore has vast amounts of Carnallite also (e.g. there is 2,049 Mt at Kola @ 18.5% Potash in seams underneath the Sylvinite layer).

The problem with Carnallite is the low % of Potash the remainder is currently unsalable waste. Emmerson (EML) has developed a way of utilising the waste from Carnallite (which is high in Magnesium), together with Phosphate and Ammonia to produce a valuable (and slow release) fertilizer product Struvite (Magnesium Ammonium Phosphate). See Emmerson (EML) RNS 1 Feb 2024.

So the Emmerson KMP (Khemisset Multi-mineral Process) transforms the economics of, and hence the value of, Carnallite, of which Kore has a very large supply.

LT - Have you been following the story at Emmerson (EML - Potash in Morocco) ?

LT - Both are borrowing, and both have a cost. The Streaming deal (Off-Take) is in effect borrowing against the future production. The debt will be funded by Chinese Dev Banks at a cheap rate.