Member Info for allthatguff

To be repetitive. To be fair it is not Elphick where the delays over time lie, Glencore has always called the shots. We accept whatever Glencore accepts. Plus there are plenty of other stranded African iron ore projects out there, Zanga is not unusual.

It is the overwhelming agony some marathon runners experience when they can finally see the finish line, they collapse within meters of the line but crawl over to finish..

..bodes..

Its non appearance boxes well??

Thanks Matski for the good cheer 😁. A super week and good luck to everyone!

I am glad you are feeling better, Jiving :)

GL all

You know on TV wildlife programs, they film various bits of animal behaviour, then the make up a narrative to illustrate some outcome..

Is the last tranche going to be bought in one go...higher price?

From RNS..

"Shard Capital Partners LLP commented:

"The Zanaga story is one we are committed to and have been following closely for some time. It is without doubt a world class iron ore project, with a fantastic team and we look forward to working with them to unlock what we see as major potential value for shareholders."

## from their website ..

"Shard Capital Advisors offers a one-stop shop solution for high and ultra high net worth clients, primarily from the Middle East, Africa, Turkey and Asia. It is regulated by the OAR-G, which is supervised by FINMA.

Based in Geneva, its multi-lingual and diversely experienced team provides tailor-made services aimed at empowering clients define and pursue their visions of financial success as well as preserve their wealth."

Hmm.. how much time would it take AT to do a ZOOM interview for 20 mins? Field some agreed question in a 'soft' interview? With prep time an hour? There is enough to talk about now without going into specifics.

Could also ask, why are they happy to drip placing shares at 7p, when they could do investor interviews etc to support share price. We have kind of become used to being totally ignored as market participants..

Now the market has been updated, maybe our CEO would like to buy some shares in company to demonstrate his confidence in its future...rather than waiting for a free share handout.? Just a thought, maybe we could message the company?

There is nothing to stop any bidder forcing Glencore to release its steely grip on this and its marketing strings. It simply needs a killer bid of great size to do that.. otherwise, develop the mine ZIOC will..

Anything could still happen, imo..

The RNS seemed fairly bullish on the port, not Q1 MOU as targeted, but still heading in the right direction. Again a huge undertaking the port and tied to the FS update, so more patience alas 😌. It seems the April FS release will hopefully unlock the MOUs..

"Port MoU: Significant progress has been made in securing interest from large scale port development companies interested in participating in the development of port infrastructure for the Zanaga Project. In parallel with the 2014 FS update process, these discussions are progressing.'

Hi Jiving, I understand your frustration and the shift in language regarding investors. However, I think the company gave the Q1 target in good faith. It is hard to know what is going on behind the scenes..

The recosting may have thrown up new engineering variations and possibilities. The new CEO with his vast practical experience may have a thrown in possible adjustments. All these things could have extended the recosting and financial modelling completion. Understandly, any investor (s) would say show us the final thing before we commit to an MOU.

Further, there may be competition between investors (as we only want one?) leading to more horse trading. I suspect the situation may still be fairly fluid?

You may say this making up excuses, but there reality is anybody committing to a multi billion Pound project will want it right, it takes time. Forget the past time elapsed, we are where we are. Nobody cares if the PIs are impatient 😌

To me it still all looks highly promising and we are oh so close. My positive hat remains firmly on.

Yes, themention of preparation for FEED phase is highly encouraging. From the November investor presentation the capex costs of the FEED stage 1 and 2 are $22 and $11m respectively (page 14). Zanga cannot afford this without an investor coming aboard. So the FEED prep is a sign of confidence, imo.

..but no fundamental issues of concern to me. A multi billion pound project takes the time it needs..

What domuk said three years ago in 2021..

"I'm a stick. Very gradually the pieces are falling into place for this opportunity. It's still a tough slog, but in the next 3yrs I think it might roll.

Why 3? Somewhat arbitrary really but my feeling is that this opportunity requires additional development in the region before it makes sense. Given recent movements, i suspect 3yrs is a realistic time-frame for that."

!! hilarious 😂😆!!

Investing for gummy bears, either suck their feet or bite their heads off 🤣😋

The tension makes people snarky, everybody has a lot riding on this. Good luck to us all 🍀

Peace and love 💫