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No worries Jiving we live in parallel worlds β£οΈLike your style π
Sorry, Jiving, you completely, totally and utterly keep missing the point. Nobody disputes T 3 could be used or that is minimal. I will not restate the obvious ( imo!). With respect, this is like trying to describe the colour blue to somebody whose retina is not equipped to see it π. Leave it at that ποΈ
Just read the last 6 months of RNS's. It is all there..if you don't believe what they are telling you (because of the hurt of the last 13 years)., then bail. Yes, it can still all go badly wrong but it is the investors loss on this fantastic opportunity, imo. And they wasted 15 months. The world is crinig out for this high grade iron ore. I remain highly positive (yes, also because of no T3 as yet) and until told otherwise.
"Elphick will hold back to the last minute on T3 "...that is the nub. I would say NO, he cannot leave it until the last minute and gamble irresponsibly. T3 is not instant cash, it is a dribble and a pittance! The FEED process is underway and expensive..what does that'll you?? It cannot be more bloody obvious, imo π..
Jiving, I have a fundamentally different view to this process. They have been negotiating for 15 months now and will have come to a verbal agreement that this is happening in principle with strategic investors. Otherwise this process will have died a long time ago. Further, the previous RNS aiming for end March MOUs support this view. Yes, the recosting has taken longer, but I suspect they are working for an imminent signing date (hence no T3). This process is far in and underway, FEED has started. So, yes, no T3 probably means the announcement is highly imminent, otherwise we are running on fumes and in debt. If they did not believe this was happening they would not gamble on this leaving it this late with another long winded T3 selling (not a fast process).
There is no reticence, if they need the money they would have released the next tranche after the completion of the prior one. This the answer is obvious to me π.... ( until proven otherwise). No need to panic yet..
The answer is obvious, there is no " month after month", we are talking days until boomage, imo.
Just chill, ZIOC is in a good place. Peace and love ποΈ
Surely it would be better they did this officially and broadly. Having say 100 people ring up for personal reassurance is not a good use of time? I hope they do do an investor call ..
I read, but do not believe. You cannot kickstart a multi billion Pound project with salami slice funding. Not credible, imo.
..have seemed a little odd to me in the last couple of days, is there a big buy being worked through while holding down the SP? Maybe, just maybe...
are we overthinking this totally? is a strategic investor really going to *****foot around with feed funding only? it is either worth investing in our not. simple, invest 800m to 1bn pounds and it buys you 20% of company and the project goes ahead.
Top tip, print out the RNS, highlighter pen the key phrases and hang it on your fridge (or booze cabinet, whichever you visit more often π). Have a great day all π
Maybe they want to award themselves lucrative bonus targets, let's not find reasons to miserable.
Maybe they want a healthy SP as well as signed investors? Not that outlandish, Mitch. This is still a publicly listed company after all.. happy face everyone π€£ .
I am still intrigued by the daily trickle of persistent sells. All very odd, but I am of course heavily biased..may be some people just don't get it?
Not expecting it in a day, Jiving π. All it takes is a bit company PR and some national rag to run an article, this would go ballistic. This is so unbelievably pent up..
Time to close that 12800% gap to NPV, and yes we won't get it all (I know, I know π); let's start with an initial modest target of a tenth of that, say 1280%...90p odd..
So, is the deal done and the gag lifted? Incoming investment imminent? Looks like it !
Thanks MM, that would be superb π