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Trouble is it needs someone with deep pockets to realise the huge potential, till then we wait. It is frustrating, but it is also a huge opportunity.

Try buy in here when some kind of deal is announced...no chance of getting anything significant, existing shareholders and the MM's will make a fortune.

So the opportunity is getting in at these tiny prices before the huge rerate to value.

Significant multiples are likely, we just don't know how long we have to wait, but given events globally, not too long I think. The other thing is we have Glen backing us, they were a blocker before but not now, they are even ensuring there is no dilution at the moment!

Aberdeenman

"2,870 Billion Tonnes"

Each share has ~$725,970 worth of ore, based on those figures and a $150 65% fe fines price.

We just need to chip in to develop it.

Aberdeenman

$3,943,000,000 divided by $/£ at 1.2250 and 596m shares = Jet off into the sunset (never to look back)

Aberdeenman

The listing price, adjusted for dilution is around 78p, since then a lot of money has been spent, this is easily worth over 100pps, as it stands.

Given a path to realisation of the asset, and this rockets, £1? £2? £3?

Really difficult to tell, but those figures are not outlandish.

Aberdeenman

"The worry is two-fold: that runaway inflation reduces them to nought '

QE has seen massive money printing, and the upcoming US debt ceiling increase only adds to the pressure, there are some forecasters predicting a reckoning for the $, which will have serious consequences globally, hence the rush to de dollerise.

All the pieces are coming together...

Aberdeenman

BRICS nations are also looking to get rid of dependancy on the $, quite rightly, gives too much power to the USA.

Aberdeenman

1. The Chinese should buy ZIOC to help their steel industry and screw the Aussies
2. The Saudi's should buy ZIOC because it is pennies for them
3. The Americans should buy ZIOC to show they have the biggest reserves and everyone needs them, stop the steal!
4. The Aussies should buy ZIOC to stop anyone else from getting it to protect their cr ap ore.

Aberdeenman

It could have been a buy, having taken a couple of days to execute.

Aberdeenman

"Given Glens previous bribary issues in Africa I think they want to avoid any accusations in future. Inserting Zioc into the driving seat whilst still still retaining a share in the profits is a win win. "

Arms length...plausible deniability etc. etc.

As you say win win.

It's coming.

Aberdeenman

To my mind, Glen know what is going to transpire.

Lining up the deal in a way that suits their needs.

Aberdeenman

Just as an aside, and to MinorMiners point about that money spent on proving up the asset, it is a big deal!

Many early stage mining companies have to raise a fortune, diluting shareholders raising finance, to get to the stage of a BFS, so to already have that BFS means it is pretty much 'ready to go' in terms of investment.

There will be no need to dilute shareholders to prove up the asset to get it investment ready, it already is.

LTH's already know all this, but for any newbies, it is an important point.

Aberdeenman

Totally agree MinorMiner.

But this has not had that value reflected, nor do I think it will until a clear path to realising the asset is at least visible.

So there will always be a risk reduction on the SP, until then.

Once there is a path to realisation of the asset, the gloves are off and the value you mention and a whole lot more will be reflected in the SP.

48p of value is in the intellectual property of the company, not to mention the reserves at a huge discount, so if, no WHEN, an announcement is made, this will be in the £'s not pence.

As always getting in earlier gives many more multiples of the eventual profit.

GLA,

Aberdeenman

There is little doubt in my mind that this is coming to fruition, at long last!!

Nice steady rise to between 20 & 40p is on the cards. Sentiment is hugely positive.

That 20-40p is still chicken feed compared to the potential here.

GLA

Aberdeenman

FMG are attempting to use high grade ore to 'mix' with lower grade Aussie ore in order to try 'save' Australia's largest export.

The thing with mixing is that it needs high-grade ore to work, the lower the grade of normal ore, you either have to mix very high-grade ore or increased quantities of better-grade ore to achieve that 60% plus. it means ZIOC's ore body is super super premuim from every angle.

Aberdeenman

Allthatguff said "Zanaga is an odd choice for a fund"

I agree, but funds are staffed by analysts, whose job it is to sniff out opportunities and be experts in their area, they also cosy up to decision makers and as high as they can get to in companies, family offices and state wealth funds. ZIOC is indeed a strange choice, unless they know some rumours or facts.

In addition, this will be on the radar of other analysts given the rise, I am sure some read these posts to see if retail has found anything out, their interest will now be piqued with a fund quietly investing.

I think the rise is just starting.

Aberdeenman

""All this leads me to believe that Glencore will with agreement of KE(and perhaps also JH+ a few others)will acquire the outstanding shares, at a “fair price”(probably with Glencore shares held in treasury), when the time is right."

I am with Mitch on this, I personally think Glen are not wanting to be directly involved, which I think is partly due to who will be ultimately in bed with ZIOC. They have shareholders to keep happy, it is one thing processing ore, another being financially and legally tied into a deal, where there could be any chance of allegations of bribery, given the enormous sums they recently paid.

Not much goes completely above board in Africa....

I think Glen wants this at arms length

Aberdeenman

Echo the others Matt, great find.

All pointing to a Middle East deal.

The brakes should come off this now, looks like those in the know are position-building.

Aberdeenman

yawn.

I have been invested here for at least 6 years, if you think I am selling out for a few pence rise you are not very bright.

Aberdeenman

Couldn't agree more MinorMiner.

Bar any of the large holders selling, which is extremely unlikely, this is heading to somewhere between 20-40p initially.

And even from 40p there is potential for large profits to be made.

The earlier you are in the higher the multiples of your profits.

GLA

Aberdeenman

Another thing that was in the November 'Glencore shares' RNS. they gave more money via a loan to Jumelles, and subsequently ZIOC, with a repayment day of 31st December 2023.

I know things can slip, but I suspect they know that everything will be wrapped up by then. Which means that we are getting to the time when things need to be formalised and announced to work for a end of year deadline.

I know it is small change to Glencore so extending will not be an issue, but I suspect the whole thing has been sorted already, hence 'relinquishing' their shares.

Strap in folks this could be a hell of a ride.

Aberdeenman