Member Info for alwayshoping

Hi Ext ...yes......Apologies, i meant to say MM

Hi Ext ...yes......it seems that sometimes when i post an article on here from this source, the English translation appears here; on the odd occasion, like this time, it did not auto translate...thanks for re posting the English version so that everyone/anyone interesting can read it.

By the way, while you are here; any of you guys working with Zanaga down in the R.O.C. Brazzaville ???

https://www.spa.gov.sa/157ec68446q

Thank Ext. So wheres my invitation :-) :-) :-) hahaha LOL.

Thanks for sharing Vet. ATG...Probably 100%correct. The Saudis will not be overly concerned on just how much the Chinese can reduce the Capex in the overall scheme of things, and for all we know, the "Chinese provider" could already be on the Saudis radar anyway. Dont forget this from a few days ago....https://www.cnbc.com/2023/06/14/china-and-saudi-arabia-are-part-of-a-multipolar-world-order-minister.html

Yesterdays meeting.....https://www.spa.gov.sa/6c9b1d8d66o

Riyadh, Dhu al-Hijjah 16, 1444 AH, corresponding to July 04, 2023 AD

, SPA. Today, the Ministry of Industry and Mineral Resources held a greeting party for its employees on the occasion of Eid Al-Adha, in the presence of His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef.

Al-Khorayef congratulated the ministry's employees on this happy occasion, appreciating the efforts made to serve the pilgrims, and to provide all products and services at the level of the industrial and mining sectors.

His Excellency referred to the unlimited support that the industry and mineral wealth system receives from the wise leadership, stressing the importance of redoubling efforts in the next stage in order to achieve the ministry's goals and national aspirations. "

And we all know exactly what that is!!!

...to all those who topped up today, or even just joined the party. yes, it has been a **** week, and its never easy to see the value of your shareholding decimated in value.everyone of us no doubt has our own thoughts and hopes of how this will end up. the rns didnt really give a lot away, and as mm and others stated, it was more a case of what was not said, and not what exactly was said. re the new chinese costing exercise; lets face it, the world has moved on a lot since the last costings were carried out, and no one had even heard about a briquette style pellet until mm introduced it to us. re the slurry pipe and other necessary infrastructure required, then whoever is or has been sniffing around us, then surely they would want those results anyway. if we agree with all the dots mm has joined together re the saudis, vale, dn..and it certainly does make a compelling story, are they really going to sit around waiting for updated results because it is an un named chinese operator doing the work? no way. and dont forget, the saudis are also quite happy to cosy up to the chinese as well. the speed with which everything they have been involved in is happening so quick. only time will tell whether or not the offer on the table will also be very quick as well. as usual...alwayshoping. nai dyor glalth etc etc.

Hi Extrader. As requested, I immediately went out shopping. It appears the shop is shut and they dont open on a Tuesday !!! Not even an automated reply.

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

Https://www.arabnews.com/node/2329161/saudi-arabia

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