Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Has anyone any thoughts on this?? What is there to stop DN acquiring a million or two of these shares being issued on the cheap,(compared to what we think they are/will be worth) just to keep him onside. No need then for the "allegedly" dodgy brown envelopes. And "IF" the Saudis are involved in someway with Zioc, whats to stop them acquiring a few million as well, probably at this stage below the 3% official notification. And while we are at it, include Vale as well. They all must know what the true value of those shares will be worth in the near future. And who would know? we certainly wouldnt. This latest arrangement is to satisfy the financial bods and regulators etc, that the company is seen to be continuing as a going concern basis etc etc. Surely, a simple acknowledgement/confirmation from Glencore that ,if necessary they would extend their line of credit to Zioc would have sufficed: but no, they have chosen to issue more shares, and surely would have been aware what would happen to the SP. Something definitely doesnt add up.
PS And as one of those lumped together with the likes of MM, Ext, Vet 10 etc as "the pump and dump merchants" I can confirm that I have not sold one single share, and nor will I until the big day.
A very interesting indepth research here re Vale and Simandou/Brazil and Africa relations. IF Vale are still sniffing around in Zanaga in any form or other, presumably they will have learned the lesson.
A very long read, so maybe a bottle of wine/two pots of tea at the ready.
March 2023 https://www.sciencedirect.com/science/article/pii/S2214790X22001113
Will leave this for MM to join the dots together !!
Can only read what is copied below..you have to pay for the rest haha.
Vale's board gives green light to Saudi fund in base metals bid
Vale's board of directors has given the go-ahead for Saudi Arabia's Public Investment Fund (PIF) to proceed with the acquisition of 10% of the miner's base metals business for $2.5 billion.
Commodities > Base-metals28 June 2023Comments
The transaction is said to be at an advanced stage, sources told reporters from Valor Economico.
The Saudi fund was selected from a list that initially had more than 20 potential bidders.
My post on June 1st. "MM..."These reserves are just one third of the known resource, and that resource is open along strike and at depth. AT himself revealed that they have sent a drill down to 1,000m and 'didn't find the bottom of the magnetite'. They drilled to just 300m in proving the reserves. That being so it's quite possible that the ultimate resource could be 8-10x those proven reserves.
So that's 2x NPV for the cold-bonded premium, and perhaps 8-10x for the whole resource.
Off the scale stuff."
Minorminer. you have hit the nail on the head. It is only in the last six to nine months that Green Steel became the buzz word in the industry and with it the huge increase in demand and of the high grade ore which we have in abundance. Like you said, we have only proved up around one third of the resource and we know what AT believes what else is there. Surely ,the board have been working behind the scenes to increase the known reserves and extract further value from the asset, and maybe that is exactly why we have had no news updates for so long. At the same time, that would explain why there has been no sign of a buy out or JV, ie, "we are not selling until we know more about what we have." As i said before, if this is the case, then the board have played an absolute blinder, and the sad and negative thoughts around covid having cost us big time will not sound as bad as they were afterall." As usual...Alwayshoping. !!
A Glencore/Saudi link from Jan 2013. Not sure if this has been highlighted on here before, (MM ??) or indeed if there is likely to be any relevance to what we know may be happening here with Zioc.(MM joinining dots ??) Interesting that it happened shortly after Glencore went through with their share swap with Zanaga. Was it a pre cursor to Glen cuddling up with the Saudis again.? https://www.argaam.com/en/article/articledetail/id/1614687
Also, an interesting job vacancy up for grabs this week re the new Saudi super city/NEOM/THE LINE etc....https://careers.neom.com/careers/job/563087396539365-senior-manager-iron-ore-mining-steel-technology-neom-saudi-arabia?domain=neom.com
Nothing to do with Zanaga, but nevertheless interesting.http://www.mofcom.gov.cn/article/beltandroad/cg/enindex.shtml
And the one thing certain about it is,, they are going to need quite a lot of steel.
https://www.arabnews.com/node/2328666/saudi-arabia
For reference, every one billion US Dollars paid equates today to £1.33 per share.
We get this today....https://www.arabnews.com/node/2328361/business-economy
back in April we had this.....https://www.steelradar.com/en/korean-firm-seah-steel-to-build-a-new-plant-in-king-salman-energy-park/
So just where exactly is all this ore going to come from.???
All part of Saudi Vision 2030.
"Whisperings"; they have probably been reading what MM has been posting on here :-)
Somebody is keen again at 15.54 o clock; another half a dozen 50,000,s
Eleven buys of 50000 or more in a three minute spell at 12-39pm.
Results should be announced no later than 30th June, so this Friday. It could even be after hours, so dont panic. They also have the "option" as I understand it, to update the market on anything that they believe to be significant that has happened in the current period since the end of year results. They did do this 12 months ago, from memory. The consensus on here with all the info we have learned from MM and others is that something is definitely in the offing as far as our future is concerned. As to when exactly this will happen will not entirely be in Ziocs hands. Obviously, we all want THE news "tomorrow", but we may well get nothing more than a note saying that the company continues to explore all options available to them for the benefit of all shareholders, and hope to update the market within...whatever. And that could well be within a few days anyway. Alwayshoping.
Congo-Brazil: Denis Sassou N'Guesso and Luiz Inácio Lula da Silva meet in Paris
Saturday, June 24, 2023 - 1:30 p.m.
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The Congolese President, Denis Sassou N'Guesso, met his Brazilian counterpart, Luiz Inácio Lula da Silva, on June 23 in Paris, on the sidelines of the summit for a new global financial pact.
Meeting Denis Sassou N'Guesso and Luiz Inácio Lula da Silva on the sidelines of the Summit for a New Global Financial Pact, Paris, June 23, 2023Denis Sassou N'Guesso went to the hotel where his Brazilian counterpart is staying, who came to Paris for the summit for a new global financial pact. Between the two personalities, exchanges in search of deepening and energizing relations in various forms.
This diplomatic and "friendly" concern had already been expressed by the ambassador of the Federative Republic of Brazil to Congo, Renato Soares Menezes, during the ceremony relating to the celebration, in Brazzaville, of the national holiday marking the bicentenary of independence of his country.
He recalled that diplomatic relations between the two countries were established in 1980. Since then, the reciprocal visits made at the top of the State have enabled President Denis Sassou N'Guesso to visit Brazil twice, and his Brazilian counterpart at the time to pay a working visit to the Congo in 2007.
"Lula cancels dinner with Saudi prince in Paris
President had been criticized for arranging a meeting with Mohammed bin Salman, who presented jewelry to Michelle Bolsonaro and is accused of ordering the killing of an opposing journal Bolsonaro and is accused of ordering the killing of an opposing journalist"
Newkotb.
30 months........quicker than that...."It should be noted that the first part of this project will be operational two years after the start of construction works."
Aberdeenman...agree with your thoughts. GLAH.
The additional info.."It should be noted that the first part of this project will be operational two years after the start of construction works."
Congo and AD Ports Group signed, on June 19 in Abu Dhabi, United Arab Emirates, an extendable thirty-year concession agreement to manage and operate a multipurpose terminal in the port of Pointe-Noire.
The Congolese government was represented at the ceremony by the Minister in charge of International Cooperation, Denis Christel Sassou N'Guesso, and that of Transport, Honoré Sayi. The signing of this agreement is a continuation of the protocol signed last March.
The two parties had undertaken to develop the autonomous port of Pointe-Noire by erecting a multimodal quay there which will be financed in a public-private partnership to the tune of 500 million dollars.
It should be noted that the first part of this project will be operational two years after the start of construction works. All of the infrastructure to be erected will be managed and operated by AD Ports Group, which is the exclusive developer and regulator of ports and related infrastructure in Abu Dhabi.