Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I am sure 😊. Anyway, thank you for your research and thoughts, MM , always interesting!
We have been expecting you Mr Bond..
From 28/12/23 RNS reminder..
" The market enquiry and financial modelling phase 2 IS UNDERWAY and will now be extended into Q1 2024 given the comprehensive nature of the update."
This all could all drop any day, meanwhile Mr Market dithers around blindly..
Looks like the non-romantics dissing next week's forum has killed the mood in the sp 🤣🥳
You make a good point there, Jiving, thank you. The licence is indeed an impediment to full flexibility. However, building phase 1 and immediately following on to phase 2 achieves the same end to 30mtpa and literally changes nothing. Or, would they really quibble if 1 & 2 happened asimultaneously? But this an issue all the same they must be aware of and dealing with..
In my opinion, a 20% deal might also be at the edge of having enough cash to kick off stage 1 development, especially if you want to be comfortable with contingency etc. Further with state of the world in a climate crisis why would (should) Zanaga take the long road to 30-60mtpa? Risk vs reward. All shall be revealed soon 🤞
Personally, I am not sure we should get so hung up about the 20%. Everything is negotiable, as long as all parties are happy in the end, Glencore would be idiotic to shaft a deal on a non negotiable basis. If Glencore are not prepared to finance this, they will have to negotiate and compromise with an investor's needs. Further, Zioc has to speak with one voice with Glencore, they own most of the company . An investor would run a mile from a 'speaks with forked tongue ' negotiation. I would 🥴.
I am confident sanity will prevail and they would not have announced MOU's if there was no fundamental basis for a deal. Positive hat on 🤠
Or the Glencore comment was simply a public acknowledgement of the accommodation they have already struck behind close doors. You can outguess yourself on these things. To me it is apparent they started talking a good while back, If they did not reach a high level agreement of deal structure initially they would never have a continued, imo. This waiting on " market enquiry and financial modelling" smacks of detail and final fine tuning of a potential deal??.. all guesswork based on not much, nobody knows 🙃
..I think the port issue may be more complicated than the financial investor situation itself? But what do I know anyway? The port is a massive undertaking in itself and there are many potential users in the RoC crying out for this..
Grr.. "..has gone far beyond.. "
Give us edit capability!!
Hi Jiving, I suspect this has gone far be the macro deal structure at this point. They are probably ironing out last details and assembling time table post MOU. Just my opinion, maybe with a very positive hat on.. 😀
This could land any day (notwithstanding potential Feb meeting)..
Sorry, I did not twig the header, I see you know that!
Thanks, but it is the wrong Congo 😉. You need the Republic of Congo (Congo Brazzaville).
Hmmm 🤔, I detect notes of cream, truffles and caviar 🤪
..just need iron ore to go with it..
https://www.businessnews.com.au/article/Surefire-to-get-new-Saudi-backing-for-vanadium-play
"Vanadium magnetite concentrate from Surefire Resources Victory Bore project will potentially be shipped to Saudi Arabia where it will be processed into vanadium-titanium-magnetite end products under a new agreement to be thrashed out between Surefire and Saudi based Ajlan & Bros Mining and Metals Company. "
The Saudis sure love their partnerships!
Fab find ah!
"Major partnerships between the private sector and PIF, along with its portfolio companies, will be announced, showcasing tangible progress in collaborative efforts for the Kingdom’s economic development."
!!! Exciting !!!
Sounds perfect, good job alwayshoping! 🤞
And where is StarBright's best friend, what was he, fusty or musty or something? Short lived as a super nova 🤣
..and.
https://www.zawya.com/en/business/energy/saudi-future-minerals-forum-deals-worth-72bln-signed-on-day-one-xf0w9xn9
"Saudi Future Minerals Forum: Deals worth $7.2bln signed on day one"