Member Info for allthatguff

It is a serious virus, but it is a massive country with massive resources. For facts see..

https://www.worldometers.info/coronavirus/coronavirus-death-rate/

Affect on zanaga currently minimal I reckon.

A mouse in the basement.

The current sp reminds of the period before the environmental permit was awarded at end of 2017. The sp had been stuck under 5p and there were month and months where a seller was pounding away. It was known that permit would be awarded by year end but the sp would not budge. When it did finally breakout out, it shot to over 20p. A very similar situation now, we have a determined seller and we know that the COIDIC agreement will likly produce something substantial. Just have to keep the faith, ludicrous as a 50 fold potential rise may now seen, it is possible. The market can be highly stupid!

GL all

Hi greendave66,it is always easier to discuss in the already existing thread.

Since the original IPO of Zanaga in 2010, there has never been a placing or money raise. But funds are now under £1m, so will run out around August this year. There are many scenarios, but there is a strong possibility that a deal may be in place before the cash runs out...eg total sale of company, partial equity buy in etc. The COIDIC
Framework agreement strongly points in this direction.

If it takes longer and cash is required, there are options other than a straight placing, eg director loans. Even our partner Glecore could stump an interim loan. Even a small placing at these levels would not be the end of the world. Cash burn is so low £1.2m would last a year.

Personally, I am expecting an equity buy in/out (partial or full) by new Chinese project partner in next 2-3 months.

This is a 30 year plus project. You need to do a bit more research...read the last RNS.

Viruses are blips in history.

Mcap £20m. That could probably buy you about 1/3 of a million tonnes iron ore.

Joke..

Something will have to give soon.

http://m.miningweekly.com/article/the-race-is-on-for-iron-ore-riches-buried-under-an-african-jungle-2020-02-04/rep_id:3861

The race is on for iron-ore riches buried under an African jungle
4th February 2020 BY: BLOOMBERG

### I reckon an early announcement of Zanaga's funding and go-ahead could still sink or complicate Guinea's ambitions. Zanga is fully specced up and far, far cheaper to build. With Chinese development it could race into production far quicker.

Indeed, I have had my final final top too this morning :)

Trend reversal coming up.

Our resident clown brothers have no clue about Zanaga or financing but yet are massively gobby. Please stick to post office savings accounts for your own safety.

Simon said on 30 September 3019 10:51...

" I don't think it will be too long before we see some sort of financing deal with the Chinese banks. One or two paragraphs in the rns hinted on this. AT will be fully aware that something has to happen inside the next 12 months and like many of you, I can't see the Chinese sitting on their hands for another year. They will be as keen to get their hands on this huge resource before anybody else starts sniffing around."

Then we had that RNS on 11 December...
"Framework agreement between Jumelles Limited and China Overseas Infrastructure Development And Investment Corporation Limited".

CAN YOU SPOT THE ILLOGICALITY IN YOUR OWN RECENT DIATRIBE? SHORT SIGHTED OR WHAT?? LOL

If so, we will get RNS on Monday onwards.

On 3 January they had 11,312,318 shares left.

On Friday there were 2 x 4 631 621 trades. It makes sense, lets hope they are indeed finally out.

Clown control.

Poor Si, victim of his own inexperience and lack of nous. Tragic. So sad.

Indeed, very juicy. I don't know of any other Glencore iron interest in the ROC, so must be Zanaga. Certainly ties in with COIDIC.
Well spotted Rockd :)

Thanks, that is interesting!

"The nascent mining sector is beginning to gain momentum, with notable increases in
the export of copper, tin and other metals — mainly to the Chinese market. Moreover, given
that this sector requires large investment commitments, it is likely to be a long-term source of
economic activity. Congolese mining firm Sapro expects to ramp up output from its Mayoko iron
ore project in the coming quarters, having shipped its first ore earlier this year, while Glencore is also
targeting iron ore exports over the coming months.'

Ps. Don't give advice if you are a self certified loser.

Just had news. Now pizz off.

Just recently had one. Stop panicking. Get a grip man.

Very. This puts it into perspective..

https://www.kitco.com/news/2020-01-27/M3-Metals-drops-C-6-billion-iron-ore-project-cost-by-86.html

M3 Metals drops C$6 billion iron ore project cost by 86%
Michael McCrae
Monday January 27, 2020 14:46

"M3 Metals announced last week that its re-scoping study for its Block 103 Iron Ore project, located in Newfoundland and Labrador, reduced the capital costs from C$6 billion to C$840 million.

The company said the cost reduction was achieved by "...implementing a phased capacity approach beginning with the 'base case' 4 million tonne per year projected production of high-grade premium iron ore fines concentrate from the previously proposed 16 million tonnes per year and by modifying processing methods and introducing new efficiencies.""

Nonsense. 11 December was not that long ago.