Member Info for allthatguff

Based on the December COIDIC agreement, the answer is sit tight and hold, imo. Ignore the noise and the decoupled sp. Trust the BOD to bring this to fruition with China, the end is now finally in sight. If you don't trust, sell up and it is not your worry, simples.

Patience Padawan, feel the force.

And what happens if the world ends.. OMG! I will make allowances, 1 panic weekend per month allowed.

Lighten up!

jeez..

https://lesechos-congobrazza.com/economie/6615-droit-de-reponse-paul-obambi-conteste-vivement-l-arret-des-activites-minieres-de-sapro-a-mayoko

(25/01/20)

Right of reply: Paul Obambi strongly contests the cessation of Sapro's mining activities in Mayoko

"Sapro Mayoko strongly disputes these allegations, which amount to a smear campaign against which the company and its staff are victims. Indeed, the company SAPRO Mayoko continues its activities in Congo Brazzaville with the support of local populations and its partners both national and international who all aim to make Congo a major player on the iron market."

https://lesechos-congobrazza.com/economie/6609-mayoko-sapro-annonce-l-arret-de-ses-activites-minieres

(22/01/20)

Mayoko: Sapro announces the cessation of its mining activities

Like tapping the side of your nose and winking :)

Nice, it does make one wonder...

I did email the company this morning asking them to comment on the link article..

From Efison research..."With an estimated FOB cash cost below the US$22/t level (including
contingency), ZIOP will be positioned in the first quartile of the global cash curve."!

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.edisoninvestmentresearch.com/%3FACT%3D18%26ID%3D6417&ved=2ahUKEwiEoNXolZDnAhVRiFwKHcUrBCwQFjABegQIARAB&usg=AOvVaw1EDDIqB5KA5CHI9DH_q60m

I think that makes sense ... $22 FOB plus transport costs would be around $40 CIF?

("CIF – COST INSURANCE AND FREIGHT (named port of destination): Seller must pay the costs and freight includes insurance to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods are loaded on the ship. FOB – FREE ON BOARD (named port of shipment)")
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.morethanshipping.com/should-i-buy-cif-or-fob/&ved=2ahUKEwj0x9PxlpDnAhVZQkEAHfMMAPEQFjAHegQIDxAJ&usg=AOvVaw1NdIvyDpZoqWZVQz44UHm8

The fact that Baowu have gone public with this information suggests we are literally in the final stage of this endgame (if we are indeed the target). The timing of the Zioc December announcement and now Baowu a few weeks later us very is very suggestive. I am blooody excited :)

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https://www.caixinglobal.com/2020-01-16/tired-of-high-iron-ore-prices-chinas-baowu-steel-sets-sights-overseas-101504961.html

"Tired of High Iron Ore Prices, China’s Baowu Steel Sets Sights Overseas
By Zeng Lingke and ***** Murphy

When the captains of China’s iron and steel industry met for their yearly industry conference in Beijing over the weekend, the cost of doing business appears to have been on everyone’s mind.

China’s largest steel company, state-owned China Baowu Steel Group Corp. Ltd., announced plans to expand its overseas footprint to boost its share of global iron ore mining operations, with Chairman Chen Derong revealing they had selected an overseas target.

Chen said the company would team up with other steel producers and jointly establish a fund to develop the mine, which would supply iron ore with an estimated cost, insurance and freight (CIF) price of roughly $40 per ton — well below the average price of imported ore last year."

!!!!!!!
####"revealing they had selected an overseas target."####!!!!

GUESS WHO?? Clue.. ROC steel mill announced in the December RNS. Who can join the dots?

https://www.caixinglobal.com/2020-01-16/tired-of-high-iron-ore-prices-chinas-baowu-steel-sets-sights-overseas-101504961.html

"Tired of High Iron Ore Prices, China’s Baowu Steel Sets Sights Overseas
By Zeng Lingke and ***** Murphy

When the captains of China’s iron and steel industry met for their yearly industry conference in Beijing over the weekend, the cost of doing business appears to have been on everyone’s mind.

China’s largest steel company, state-owned China Baowu Steel Group Corp. Ltd., announced plans to expand its overseas footprint to boost its share of global iron ore mining operations, with Chairman Chen Derong revealing they had selected an overseas target.

Chen said the company would team up with other steel producers and jointly establish a fund to develop the mine, which would supply iron ore with an estimated cost, insurance and freight (CIF) price of roughly $40 per ton — well below the average price of imported ore last year."

!!!!!!!
####"revealing they had selected an overseas target."####!!!!

GUESS WHO?? Clue.. ROC steel mill announced in the December RNS. Who can join the dots?

Hi extrader,
I am glad somebody is awake while the rest talk to the animals! I believe Baowu & Co are indeed our suitors and our time has come. This is going to explode upwards..

GL
ATG

.. before the herd arrives here soon.

Oh yeah, what was the other news we had in December?

Steel Mill for ROC, see how that makes sense now?? China's largest steel prodcer!!!!

From the same article..

"Viewed from China, the world’s biggest iron ore importer, the global market is an oligopoly ruled by three giants — Rio Tinto, BHP and Vale SA — which together control about 70% of global exports.

Overseas iron ore mining forays by Chinese companies often fail due to lack of experience and local knowledge, as well as a failure to conduct sound risk analysis and plan accordingly, analysts say. They also tend to focus on lower quality mines because higher quality ones are controlled by global leaders."

#### Underlines the fact that China are desperate for directly controlled high grade iron ore. Zanaga fits the bill perfectly.

https://www.caixinglobal.com/2020-01-16/tired-of-high-iron-ore-prices-chinas-baowu-steel-sets-sights-overseas-101504961.html

"Tired of High Iron Ore Prices, China’s Baowu Steel Sets Sights Overseas
By Zeng Lingke and ***** Murphy

When the captains of China’s iron and steel industry met for their yearly industry conference in Beijing over the weekend, the cost of doing business appears to have been on everyone’s mind.

China’s largest steel company, state-owned China Baowu Steel Group Corp. Ltd., announced plans to expand its overseas footprint to boost its share of global iron ore mining operations, with Chairman Chen Derong revealing they had selected an overseas target.

Chen said the company would team up with other steel producers and jointly establish a fund to develop the mine, which would supply iron ore with an estimated cost, insurance and freight (CIF) price of roughly $40 per ton — well below the average price of imported ore last year."

!!!!!!!
####"revealing they had selected an overseas target."####!!!!

Something is going to go boom here soon, from one direction or another.

Nonsense. Had a phenomenal RNS just 5 weeks ago. Jog on loser.

From last RNS 11 December 2019..

"-The parties intend to develop a joint initiative to introduce funding partners for the Zanaga Project and its related infrastructure, with the aim of securing debt and equity financing"

It is a a shame the planks do not have the intellectual capacity to process this game changing agreements.

Two planks for the price of one, twice as thick!