Member Info for ALB1

Beardozer, with every 100,000 shares sold (£2200 worth) the MC goes down by £100,000. I have therefore reset my buy in target price to 0.75p to 1p.

allthatguff, not very credible that... The 'very best' (most optimistic) you will get is around a £150m MC, that's with development confirmation and partners. = around 60p p/s.

At around the 1.5p to 2p area.

Signed between the Minister for International Cooperation and the Promotion of Public-Private Partnership, Denis Christel Sassou Nguesso and the Vice-President of Arise, Shailesh Barot, this protocol aims to build an ore port in Pointe-Noire.

Good point/post there Sharegar.

Ultimately though there can only be 3 scenarios here -
1. No takers on development as to difficult = zilch SP
2. A consortium or big entity decides to develop - Under this scenario I could see the MC of Zioc eventualiy being well in excess of £150m as it's a proven asset. Would takes years, however would happen.
3. Zioc's % is took over for an unknown sum (any one care to guess)

allthatguff,,, true however the 2/3 £billion Glen have just wasted, thrown down the drain / are paying out on crimes committed & associated fines,,, would have been better spent on the full development of this Greenfield project. What a waste of money!.

Glen has a MC of £70b, they have billions of cash and shares in treasury.
As an example - Just one buy back (shown below) on Friday gone cost them - £10m !!, yes, thats over 1.5x the MC of Zioc in one buy back!.

They could have developed this asset without a drop of sweat!, not sure why the BOD haven't challenged them more on it.

Date of purchase: 26 May 2022
Number of ordinary shares purchased: 1,990,000
Highest price paid per share: 520.30
Lowest price paid per share: 513.20
Volume weighted average price paid
per share: 517.61

beardozer, 1.5p /2p looking very likely, as I predicted. I agree the MC has no relavance here in regards to the assets, however with no forward news possibly for years (if ever) one wonders what the Zioc's BOD next move can be.

allthatguff, my only advice is - if you believe this will be developed and accept the risks then buy, however if you don't believe it will be developed then sell up..... simple!. No point moaning on!.

beardozer, your simply forgetting the facts here , as was stated in numerous RNS's ,,quote below!. As your aware, this asset if developed is huge and worth multiples of Zioc's current SP. But it may not get developed therefore that's the risk you take here and why the SP is at 2.5p.

'Approaches continue to be received from a number of strategic investors interested in investing in the Zanaga Project
Discussions remain at a very early stage and there is no certainty that these discussions will proceed or a transaction will ultimately be entered into'. Further updates will only be provided as required by market rules.

4kandles, the current SP is not aligned to the asset. It's aligned to the current firesale of permits /plant etc. The real value if ever developed or a deal signed would/should be around 70p per share £200m to Zioc, followed by over £1 on production.

This sounds crazy however please do the math.

$350m spent to date
2 billion tonnes of IO 67% in situ at $120 per tonne ave That alone is worth $240 billion.

That's very true Veteran, Glen are the decision makers here and there's nothing else for the Zioc team to do, or even can do now for the asset/project,, it's all been done!. They have done all they can. Glen will be in discussions about selling however these discussions could take some time to complete. Until then it's cheap shares on offer. Imo it will be sold on for future royalties with Glen offering shares to Zioc holders for the 49.9%.

Marcusg71, I'm afraid it's all time low and new lows here!. Excellent buy at 1.5p to 2p though.

Getting closer to my buy in price.

One day,, week,, month ,, year Zanaga will be mined. I'd say anytime within the next 3 years..

Margust - makes ZIOC worth zilch unless they can mine out the IO, however I'm looking to buy here at around 1.5p and go long.

This will be developed (or sold) one day!... When least expected. I would not rule out Glen having a part to play in any development either.

I will revisit the board in 6 months or so, unless news hits before.

GLA

Beardozer, MC of £9m!!, 3p SP. All time low, 2.1 billion tonnes of 67% IO in situ proven. All permits in place.... Another 6 billion tonne resource. $350m spent to date, 10 yrs of work to date, strategic asett, discussions with the big Chinese players on for years.... Me thinks this is a 10/20 bagger on development news.

Currently £80m, 50/50 with Glen.. however if this gets the go ahead and is built expect X10 of that!. Minimum of 2 billion tonnes of IO at a premium $150 per t. = $200B. All licences / permits etc.

Zioc is the most undervalued resource stock ever!.

If news does arrive, then please don't say you weren't warned!!

GLA