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Let's hope this funding round us better handled than last November's debacle. Otherwise further diluted to hell and back.

Always heavily invest in a company that is overpriced.

BS detector flashing red .

Old article from 2010. Old but still interesting and holds true to a large extent (ok, iron ore prices are lower these days)..

West African iron ore companies "value abyss"
Posted by Matrix on 10th April 2013

// An extract//

"Investec’s report concludes: “The market appears to be valuing the West African iron ore companies with a simple EV/t basis. Materials that feed a fully-financed production base are currently being valued at an average $23/t of attributable, recovered Fe units, while those that are unfinanced and show limited DSO potential are being valued more conservatively at $0.04/t. This therefore offers the potential for quantum upgrades in all company valuations, should the respective companies be successful in bringing components of their planned production into fruition.”

https://im-mining.com/2013/04/10/the-value-variance-between-west-african-iron-ore-companies/

People should not make up total horse poop. Not helpful.

http://www.adiac-congo.com/content/finances-le-gouvernement-et-les-traders-signent-un-accord-de-reglement-de-la-dette-115168

(Google translated)

"Finance: Government And Traders Sign Debt Settlement Agreement
Wednesday April 8, 2020 - 2:15 p.m.

A memorandum of understanding was signed on April 7 in Brazzaville, between Prime Minister Clément Mouamba and the Orion, Trafigura and Glencore groups. The Congo thus obtains a 30% discount on its debt, as well as a deferral of four months in the repayment which will start in October 2020."
//Etc

When we have..
a) 10p plus again
Or
b) RNS

zzzzzzz

Many will be starting to lick their plumny lips now.

Cue appearance of resident squiggyologist soon.

https://www.kitco.com/news/2020-04-02/Brazil-mining-regulator-orders-closure-of-25-Vale-dams.html

"Brazil mining regulator orders closure of 25 Vale dams
Reuters
Thursday April 02, 2020 19:14
Kitco News
BRASILIA, April 2 (Reuters) - Brazil:s National Mining Agency (ANM) said on Thursday that it would halt operations at 47 mining dams that failed to certify their stability, including at least 25 belonging to the world's largest iron ore producer Vale SA ."

is still talking out of his cloaca.

https://uk.reuters.com/article/us-health-coronavirus-usa-infrastructure/trump-administration-looking-to-infrastructure-for-stimulus-mnuchin-idUKKBN21J5R2

"Trump administration looking to infrastructure for stimulus: Mnuchin

(Reuters) - U.S. Treasury Secretary Steven Mnuchin told CNBC on Wednesday that President Donald Trump was interested in using road, bridge and other projects to blunt the economic effects of the coronavirus crisis and the administration was having talks about creating an infrastructure plan."

https://m.miningweekly.com/article/covid-19-prompts-glencore-to-defer-cash-distribution-reinforce-liquidity-2020-03-31/rep_id:3861

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity
31st March 2020 BY: MARTIN CREAMER
CREAMER MEDIA EDITOR

"JOHANNESBURG (miningweekly.com) – The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1-billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as its 2019 facilities."

## Could always sell off some "option value" only assets. Just sayin'.

to even try to reason with a sphincter, it has no brain and can only open and close to let vile stuff out.

Bit of a train wreck. Desperation may rein in unreasonable demands for an "option value" asset.
Maybe Zioc will after all be a winner in this global crisis? But nothing is certain..

After all the numerous bullish official Zanava tweets of late, we expect a highly postive update packed with detail tomorrow. Stand and deliver!

For example. If this sold for 50p tomorrow, I would not unhappy. Profit is profit. But it would be an economic mugging and mind blowingly cheap.

Most people" don't think they fall in to the category of "most people".
Most people would use cheapness as % discount to a range of economic value yardsticks.

Zanaga is like a puzzle. I hope they find the missing piece... Blue sky of course, then it is done:)

Top tip... don't use Trump quotes as a basis of any factual argument. Immediately gets misunderstood.

https://www.google.co.uk/amp/s/amp.theaustralian.com.au/news/latest-news/china-iron-ore-tumbles-on-virus-fears/news-story/5a4f86d02c828f0fcb3d866fdff41d4f

"China iron ore tumbles on virus fears
By ENRICO DELA CRUZ
REUTERS
2:04PM MARCH 23, 2020

Dalian iron ore prices have slid more than 5 per cent, leading another intense sell-off in China's ferrous metal futures as stricter measures to curb the spread of the coronavirus pandemic further darkened the global economic outlook."

https://www.journaldebrazza.com/congo-coronavirus-deux-nouveaux-cas-detectes-a-brazzaville/

(Auto translated)
Congo-coronavirus: two new cases detected in Brazzaville
Posted on 19.03.2020 at 11:07 am by journaldebrazza.com

Clément Mouamba, Congolese Prime Minister. All rights reserved.
It is an American national and a Congolese subject, from Paris, who were found positive.
The Republic of the Congo today registers three cases of coronavirus. A situation which has led the government to extend preventive measures. The Head of State, Denis Sassou Nguesso instructed "The closure of places of worship, the closure of pre-school, primary, general secondary, technical and vocational establishments as well as higher education establishments, both public and private" . The announcement was made by Prime Minister Clément Mouamba on Wednesday March 18 in Brazzaville.

The two new cases detected on March 18 observed home confinement. They seized the health services as soon as the first signs appeared. In the government statement, Clément Mouamba stressed that the tracking and research of contact subjects is underway.

Other measures taken, bars-dancing, night clubs and establishments commonly called VIP and cellars will also be closed. Meetings or gatherings of more than fifty people are also prohibited. Also, the celebration of all family events including weddings, funeral vigils, etc. will now be held in the strictest of privacy. "These measures are valid for 30 days from March 19. They are renewable if necessary, " said the Prime Minister.