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If there is indeed more than one serious suitor here, would they up the ante at some point by making a public bid for ZIOC? Or is due to the particular share structure here, an 'arranged marriage' mandatory?? Just curious.
Just mulling over construction costings. All fine and well, scrape a few percent over previous estimates. The bigger picture does not care about the about the couple of hundred million, the strategic and overall value is so darn massive. That is NOT what is going to drive a investment decision. So yes, these new costings are a total game..imo
Thanks for that, veteran. It smells like a huge game of chicken to illicite the largest sell price. China Vs Saudi Arabia?
I suspect the sticking point point with any deal are the Glencore marketing rights. Potential poison pill.
The problem is and always was Glencore's control over the project. Subject to its desires and whims
.. joint venture on.
..and started getting out the Xmas decorations.
Poor Dia Ria is the world 'worst tamper. They are probably crying over their trapped shares right now ha ha
That is all very nice, but do you have anything actual to say about the company's situation here? Some insightful analysis would be welcome.
"Or maybe we're missing something ?"
The real announcement required is a dedicated iron ore port. The mole is nice but small scale. The announcement of iron ore port could happen in next few weeks or months..
And welcome to you too. The first gloater of the day :-)
The blame really lies with the company..
On the April trajectory they should have sold more than 33kt in the last 2 months ( at least 80kt). So, not good. And yes, we have no idea about quality which they had problems with at beginning of year.
Good point jains, that may be a crumb of reassurance. Keep smiling :-)
Worst case is that the Elandsfontein mine is not viable and this will go bust. The lack of explanation of sales and proper Elandsfontein update is highly worrying. They provide no reassurance in this RNS.
Even if you can sell, won't get much for it. Gonna get slaughtered today.
Well that's fooked it. Just 33kt sold in last 2 months. Is there another shipment waiting at export harbour? No explanation, no context. The accounts situation is pizz poor.
Suspended from Monday. Utter shambles.
There is no rise, simply trades within the spread. Just complete nonsense, surely you can't be this desperate to get out ? Wait until Friday when we have real news.
6 would just be a bagger. Multi would be 9 or more.
Ria plays their own little game which can be ignored. But do you have any of your own relevant thoughts on the outlook here, davey50?