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It is really not that difficult to understand.
Glencore will not sell this for nothing (ie 50ps, £345m mCap). They could have sold out years ago, they have not done so in the last decade.
So if the only offer is 50p as you believe, then it will never get developed, so be it. Following your own logic you should thus sell up on Monday..good luck in your investments elsewhere duster 😉
It is up to Glencore, the biggest shareholder by far. I don't think you quite understand the setup..
I believe Glencore is not a registered charity :-)
Technically, what is in the ground is 34%, but yes,after processing..
Thinking about Zanaga, I think there are two logical routes depending on who the strategic investor(s) is ..
- do 12 mpta and then self fund to 30 mtpa. Maybe suited to non statal investor (ie smaller)
- go full out and build 60mtpa operation for full economy of scale (the resource can do it). Probably best fit for state entities, ie Saudi Arabia, China etc.
The 30mtpa solution only seems logical if self funding from 12mtpa, imo.
FT article today on Simandou start
https://www.ft.com/content/80f37963-c718-4f8b-8d77-0f0d5b1c99fe?commentID=6b7d913e-4981-4e63-b001-fb65f68af233
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Glencore have held onto this for many years, they are not going to ' gift' this away, imo. Forget the 50p scenario, may as well chuck this resource in the skip.The steel landscape has shifted significantly in the last 2 years, it is a different game going forward. I believe the old NPV calc is outdated anyway..
It would be a great deal for a lucky investor, a mere £2bn can buy you a 50% share of a 12mtpa high grade mine & pellet operation that could self fund to 30mtpa. Bargain.
So selling 50% of ZIOC for £2bn would have no effect on the share price?
And all the MoU's point to a deal..
.. definitely no less than £3p/s. Otherwise Glencore would be giving it away, imo.
Good good luck to each and every one of you!
Decks clear?..and all ready for tsunami of events next week? I am very excited and have everything crossed!! 🤞
Maybe if you want to buy loads of shares you simultaneously short the scat out of it?
Hi Extrader and Mitch, my opinion is Zioc is far safer than KP2. The Glencore factor carries tremendous weight while KP2 is at total mercy of any development proposal they are given and the government. I am sticking with Zioc!
We're you 'talking turkey' at the family Xmas dinner table? :)
The newbies here were not involved then :)
Such a shame that Xstrata got nobbled. But here we are in a promising place.. finally!
We are missing nothing.
An obscure stock with over a decade of serial disappointment. Many think 'we have heard it all before' and will sell anything above 10p.
But it is all there in black and white. Unless something goes badly wrong this is IT..and SOON.
And you have to factor in size, quality and scarcity. Where else can you find, never mind buy into, another Zanaga with its attributes in a greening world economy? That has to command additional value in the calculations..
Don't let anybody persuade you that we are talking pence here going forward..the question is how many multiples of pounds?