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Results due any day now
Life changing news can also come at any time, likely not directly from the company, more likely from some leak/news agency article/Head of State twitter account etc.
Not one to be out of, it would be hugely regretful to miss out on a massive rise.
GLA
Aberdeenman
I would not be surprised to see a little bit of media coverage in the weekend press, so next week could see an influx of new investors.
All good for existing and new investors, given we expect this to reach 2-300pps at a minimum.
I am so glad we have had a very responsible BOD, no dilution over the years means there is no opportunity for any potential buyer to get this on the cheap, by tempting PI's with a low ball offer, the large shareholders, GLEN , Clifford Elphick et al, with their holdings ensure this is not even a possibility. Result being they will extract maximum value, which we will benefit from.
Aberdeenman
I have lost count of the number of days on the leaders board now.
No sign of that stopping any time soon!
Aberdeenman
Not sure this will stop at 25p this time, I think we could be heading higher, lots of trades, and we have large investors buying in, identity unknown.
The earlier you get in the higher the multiples!
GLA
Aberdeenman
I suspect yours are not the only very late reported buys.
Aberdeenman
Feels like we are within touching distance.
Today's trades may be the start of those with 'knowledge' position building..
Still not sure there will be any suspension, and if there is it will be very very brief.
It would be mad to be sitting on the sidelines and miss this opportunity.
Aberdeenman
Extrader,
apologies for not replying to you earlier.
Ok, my entry is......
230p, 2% MacMillan
May someone with a higher figure than me, win!
Aberdeenman
Nice rise today, and plenty more of that to come.
FWIW, I don't think there will be a suspension, other than, if, a very very brief one, reason being, I don't think the main news will come from ZIOC, the deal being done will likely be at head of state level, and they will not give a hoot about market regulations for ZIOC.
As it happens we may be starting to see word getting out, and positions being built, the trading today does not look like (but could be) normal PI buying.
Also from the trading, looks like it is getting very difficult to buy in quantity, which suggests we will see further rises over coming days/weeks, but difficult to predict.
News is possible any day, and given it may come from a source other than the company, don't count on a 7am RNS.
So pleased to see this coming together, LTH's have had the patience of saints.
GLA,
Aberdeenman
15.5....
I wonder if this is the start of word getting out, some position building going on.
someone dropped near £100k in a short time today.
Could see that 25p before news reaches us! Higher the better IMO
Aberdeenman
We will find out 'something' this week with results due, but...... I suspect with NDA's it will be a subdued affair.
That said, the full news could also appear any time, with recent events so diligently reported by our resident sleuths (respect) it sounds like things are very very advanced.
Aberdeenman
For anyone new to ZIOC, that $350m CAPEX already spent (not accounting for any inflation) equates to ~48pps, there is little chance the major shareholders would even contemplate anything so low more likely they would want some multiple of that to get a ROI, and that does not even begin to look at the value of the asset.
So some of the figures you see in the posts this evening may seem pie in the sky to you based on the current SP, but they most definitely are not, that is why ZIOC could be one of the best investments you could make.
Who knows, you might be too late already!!
This asset was always too big and good not to be exploited at some point, been a long slog, but the end is in sight I believe.
GLA
Aberdeenman
GLEN are now able to sell their shares, but no sign of that so far, and why would they, they will be in possession of inside information that prevents them from doing so, not that I think they would want to at these tiny levels anyway.
Not only do they get to sell the ore for a commission, but they also get nearly 50% of the profit generated by ZIOC, unless of course we just get bought out, but GLEN would be wanting a decent ROI, which means we benefit to the same degree.
All to play for here, huge gains to be had, if only we knew when, but I am convinced it will all be done and dusted this year. that does not mean the price will stay at this level till year end, I think we are not far away from a large rise.
Aberdeenman
Dangerous one to be out of, may very well be difficult to get any quantity once news starts leaking. There are some obviously trading/profit taking, they may regret that! But a profit is profit, however, I suspect there are many monitooring this ready to dive in at the slightest whiff of a deal being done, so even tougher to get hold of any quantity.
A hold for me!
Aberdeenman
Personally, I don't think we will hear much from the company, till it is a done deal, and given that the deal may be done at a high level, the news is likely to come from a source other than the company in the first instance. So joining dots and watching the news feeds can be very beneficial, and on news there may even be an opportunity to beat the MMs, and the herd.
As soon as a deal is done, and news out, the price could jump to multiples of the current price, so watching for news from alternative sources could prove very profitable.
One thing is for sure, on a deal being done the MM's will milk it if they have stock on their books, and get wind of the deal, by upping the price immediately.
For once PI's may (I stress may, as it depends on how news is given out - heads of state don't generally give a toss about market restrictions, they want the glory) have an advantage.
Aberdeenman
If Saudi buy high fe content ore on the global markets for their mega projects the costs will be huge, far better to 'secure' their own supplies, both for cost, but also supply security, given the US penchant to weaponise sanctions, the Saudis will want supply security.
Zanaga is a sure bet for them, and from a country that they can flatter and pump money into to negate any US/Western influence.
Not long now IMO
Aberdeenman
Agree extrader, as always it is not simple, I generalised a lot.
Another point, worth mentioning, there has been silence from the company re the signing of the ports deal, to me it would indicate further news is imminent!
Aberdeenman
14p to buy on IG....
Just the start, treble figures when news arrives.
Aberdeenman
I should have added, that although Saudi's are very hospitable, the society is very stratified, westerners are looked on extremely favourably, certain Arab countries not so much, and everyone else are just to serve them, so the treatment of Nguesso is even more striking!
Aberdeenman
Another couple of things that occured to me,:
Why did the Saudi's roll out the red carpet for Nguesso, going so far as to fly him in extreme luxury, yes he is a head of state, but they are working on him by flattery, I have been in Saudi a fair bit, they are very hospitable, but that is going above and beyond, seems like Nguesso has something they want, and they are keeping him sweet.
In addition, the head of state visits are usually the culmination of many many months of negotiations, the head of state takes the credit and does the signing, so more news may well be very very imminent.
As I have said, I think this is all very choreographed, and has been in play for some time, GLEN certainly knew before their share realignment.
Aberdeenman
CTAG was a bit strange, had a lot of money stranded in that, difficult to predict a Lying CEO, as it happens he is claiming now to have sold the tech (later developed) for $475m) so a bumper payout for shareholders due next month, not holding my breath, but would be amazing if true.
As for ZIOC, it has been binary, and been invested here for around 6 years, it has always had the potential for a massive rise, just needed the right conditions, as it certainly looks like it is all coming together.
Big multiples to be had here, many many bags, which could turn out to be my best investment ever if it goes the way I think it will, but no point just listening to me, plenty of well-researched, informed posters on here, and a lot of the facts speak for themselves. Have a read back on posts here for at least the last few months.
It is not like a typical small cap company, some big names behind this, and they have not diluted PI's massively over the years to fund lifestyles. I truly think this is going to be a massive earner, I have done all along, it was just a matter of when, that now looks imminent.
Aberdeenman