Member Info for allthatguff

The given NPV does not support the current inflated mcap at all.

Disappointing!!

Institutional investors can hardly complain. They are usually with snouts at the trough in fund raisings.

It is a very interesting development, especially as Zioc has rns'ed before about potential tie up with a local proposed steel mill. Baowu certainly has the financial muscle. So question is whether iron ore investment by Baowu is zanaga or not? Also, even if the case, will this come to anything, there have been so many false starts and dead ends (eg COIDIC which promised so much)?

to keep the licence in the next 12 months..

The multi year licence squatting will not go unnoticed in high places China could get this very cheaply indeed.

Yes, amazing how the only person who picked up on this can't actually read ha ha

Same flannel as always to keep it dangling.

Anyway, I am sure the update RNS next week will blow the doors off. All shall be revealed.
Possible memorable highlights.."the iron ore price has plummeted, therefore Zioc is well placed to take advantage of this"..that is what some dreamers on bb's actually think.
Or "we are researching road haulage options through the jungle".

The real question is why you STILL think "investing in a hole in the ground in Africa was a good idea".
Indeed.

2 X 1 million

*Talk about dropping a bombshell* yikes

Ridiculous.

Well if it opens down, it is a huge buying opportunity, imo. The sp is well justfied now at this level. Should be in the the thirties plus as 'base sp' ignoring further spin offs.

He put in a modest £50m target next year. Plenty of scope to improve and issue new positive guidance every quarter going forward!! He does listen.

Looks good to me on first quick read. Solid. Happy.

So Simandou was bought cheaply? He'll, no.

Also, nobody offered a bean for Zanaga a bean for many years when iron was really down and out.

Sorry, not convinced.

" it was never going to attract buyers while the price of Iron Ore was high"...warped logic, confused.

They are certainly not going to buy it when iron is $70 and Zanaga would even not break even. wishful thinking going on.

Is it binary now?? Or is it <5% in this coming off when iron is sub $100.

Big indicator for me is whether the cash pile is growing or still shrinking..

Just a hobby, why some of these peeps even work lol

Jinx :)