Member Info for allthatguff

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 🐻. 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 😉🥳🎉🍾🍸

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 🤝😁

I am sure 😊. 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 🤣🥳

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 🤞

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 🥴.

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 🤠

Or the Glencore comment was simply a public acknowledgement of the accommodation they have already struck behind close doors. You can outguess yourself on these things. To me it is apparent they started talking a good while back, If they did not reach a high level agreement of deal structure initially they would never have a continued, imo. This waiting on " market enquiry and financial modelling" smacks of detail and final fine tuning of a potential deal??.. all guesswork based on not much, nobody knows 🙃

..I think the port issue may be more complicated than the financial investor situation itself? But what do I know anyway? The port is a massive undertaking in itself and there are many potential users in the RoC crying out for this..

Grr.. "..has gone far beyond.. "

Give us edit capability!!

Hi Jiving, I suspect this has gone far be the macro deal structure at this point. They are probably ironing out last details and assembling time table post MOU. Just my opinion, maybe with a very positive hat on.. 😀

This could land any day (notwithstanding potential Feb meeting)..

Sorry, I did not twig the header, I see you know that!

Thanks, but it is the wrong Congo 😉. You need the Republic of Congo (Congo Brazzaville).

Https://www.constructionweekonline.com/news/emirates-steel-arkan-bahrain-steel-sign-2b-iron-ore-contract

Hmmm 🤔, I detect notes of cream, truffles and caviar 🤪