No need to fret, each mining project is unique with its own circumstances. Zanaga has been studied, recosted and planned to death in all its myriad of options over the years. That is as much as you can ever do to mitigate risk. Zioc has a big carrot for success!
Also remember, Zioc is currently aiming for MOU's, just got to be enough framework developed to sign these and enough financial clarity for investor to come in for a slice..could happen any day now .
Personally, I am expecting great things in the coming weeks! π
'Lumpfish roe", that me laugh, thanks π
Would there be a suspension? "Investor X" has paid eg Β£800m for 20% of company..?
George Ezra π΅
The green steel pressure continues in a changing world, Zanaga is positioned in the sweet spot..
13 February 2024
https://www.businessgreen.com/news/4173735/race-green-steel-campaign-urges-carmakers-switch-low-carbon-steel
"Race to Green Steel: New campaign urges carmakers to switch to low carbon steel"
"A number of carmakers including Mercede-Benz and Volvo have already signed early offtake agreements for low carbon steel produced at green steel plants being developed in Sweden by the likes of SSAB and H2 Green Steel."
Looking into the current SP is looking into the inky eyes of insanity π±
News related to this discussion..
https://www.globalminingreview.com/mining/12022024/calix-finds-economical-green-iron-solution/
..the Australians keep trying, but it does not sound that 'cost effective to me". A lot that is not being said, impurities etc?
Asking for the call sign is evidently restricted information..
A reminder..
https://www.africanews.com/2023/10/04/seized-sassou-nguesso-plane-sold-at-auction-for-71-million-euros/
Positive hat Mr Bear π». The difference is we have the project RNS'sed as close to being go, we have never been here before..
The world has changed in its favour.
Ignore the deranged sp and savour the remaining hours of suspense we have to endure before our glorious moment arrives. Trust the RNS's, Q1 will not last forever ππ₯³ππΎπΈ
I am not worried by the valuation gap, we have total market pricing failure on ZIOC for trading, simply insane. We are very lucky to be able to still buy at this level..
"Some things" lol...like a fat deal π€π
I am sure π. 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 π€£π₯³
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 π€
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 π₯΄.
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 π€