Member Info for 99icecream

Theres a summary of the conflict in DRC near the border with Rwanda on wiki.

https://en.wikipedia.org/wiki/Democratic_Republic_of_the_Congo%E2%80%93Rwanda_tensions_(2022%E2%80%93present)

I got mine 21 January

I guess anyone who bought 14 years ago at £1.56 would probably expect at least 10% per annum or about £6 !

Tellodome - I think you can assume that the DFS will be based upon a production ramp up that can be sold, funded and managed. This could indeed be some multiple of the PFS. Tirupati is a cautionary example of how not to do things, and I think Mike Ralson is well aware of that example (see video near 6:00).

Jiving - Just my opinion but I think you are making this more complex than necessary. I can't see a problem with Zanaga managing the mine (unlike some minerals excavating Iron Ore is not rocket science). Glencore and the Strategic Investor would be present on the board and able to ensure that appropriate staff are selected for the job.

FWIW - I don't see that the purpose of the Strategic Investor is to buy out the existing shareholders, but rather to fund the initial Capital Investment. So Zanaga needs US$ 1.94 Billion to fund Stage 1. If they use the Chinese companies to build the mine / pipeline etc. this will come with a cheap (Export Credit type) loan of about 70%, leaving Zanaga to fund the remainder (1.94 x 30% = $ 580 million).

With Glencore having about 290m Shares and the remainder of about 382 million shares, you are looking at the Strategic investor being prepared to pay (for example) $2 a share for 290 million shares to be used launch the project.

So then we have Glencore with 290millon Shares (30%), Strategic 290 million (30%) and Others 382 Million (40%).

Implied Share Price $ 2 = £1.60, Implied Market Cap $ 1.92 Billion = £ 1.54 Billion.

Brandon Hill Research was April 2020

Tellodome - IMHO the key question is what the initial size they will go for in the DFS. If you view Mike Ralsons Video, you will find that he is going about this in the correct way. The market is different from that of most resources. To get a reasonable price you need to establish the quality with potential users and negotiate bespoke deals them. So BRES will negotiate off-take deals first and then base the level of production in the DFS on that.

The resource is enormous. The Brandon Hill research from April speculated on 3.7 Billion Tonnes of Ore containing about 250 Million Tonnes of Graphite. The current resource estimate, 24.5 Million Tonnes of Graphite is only a small part of the potential.

Too little liquidity at the moment. I have tried to by in reasonable size on a few occasions, but there has been no online quote available.

As I have said previously I don't think your charts can help you here. Another reason why is they are always looking at history, whilst we investors are also thinking about the future. We have FID sometime after mid year, and we need to factor in where this could be trading by then. My view would be something between 50p to 75p. On that basis the price has possibly gone up a bit quick (about x3 in two months). I therefore suspect we could be in this range (35p to 40p) for a while yet, before further news.

FYI The notice is also here (its an RNS from 26 March 2021)

https://www.lse.co.uk/rns/EML/schedule-one-emmerson-plc-dxrajnpl5sa4twk.html

SpaceHopper - IMHO your charts will not help you here. The buying and selling is done by humans who (largely) don't look at charts and don't know Gantt or Fibonacci.

What we do however, is set targets for buying and selling that are often in round numbers (40p, 50p..) or whatever. These therefore are usually your resistance and support levels.

Hi about £1.45 (April 2022)

It is also significant that much of the funding for Graphite has come from DOD (Department of Defence).

I guess if Donald Trump does not appreciate the strategic importance of Graphite to the US economy, his pal Elon will explain it to him.

There is a good analysis of the Graphite market here. It explains why non-China graphite prices will continue to be supported by the US wanting to avoid dependence on China. This explains why they give or lend Graphite projects money and will likely continue to do so.

https://investingnews.com/daily/resource-investing/battery-metals-investing/graphite-investing/graphite-forecast/

FACT: They swapped their majority for a stake of under 50% AND an OFF-TAKE for the Iron Ore.

My guess is that what they got is worth significantly more than 50%.

and

They still have effective control

and

They don't need to consolidate the accounts of ZIOC in their own accounts.

I suggest you read the RNS 19 Nov 24.

"To date the Company has raised ~£5m (including the most recent £1.6m) for DFS work, on top of the US$5m (£4m) grant received from the US Government via their private sector lending arm, the Development Finance Corporation. At this point US$1.5 million of the DFC grant funds remain undrawn but will be accessed as DFS work completes"

N.B. DFC has first refusal for funding the development.

You had me confused, just who is this MJW ? Then I realised, he was filtered long ago!

MTL received in AJ Bell