The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
NewK
Glencore always do things the way they want. If it intimated Zanaga jumelles etc I’m sure we’d know about it.
Truth is someone is selling for whatever reason. Doesn’t bother me. God knows why. I’ll be topping up again if it drops further.
As LTHs who have done their research we surely agree something is coming.
Any EPP project surely been announced by now?
IMO something bigger coming. Add on the continued silence from Zioc.
Developments in Congo. I.e MFP at pointe noire. SEZ now ongoing. Land expropriation. Power upgrades electric gas etc.
Key for me is Chinese desire to secure high grade iron ore resources. It’s been well documented they need it.
Add in Simandou bid. Yeh I’ve mentioned that before.
For me China all over this. They don’t need to secure a resource to sell. Unlike fortescue who do. How much did they bid.
Has anyone thought how much China would save in iron ore costs by securing a percentage in Zanaga. Potential to do 60 mtpa as per question I asked at IP last year.
Good luck all. DYOR. JMO. But I’m happy to sit back and wait.
Just want to wish everyone who is invested the best of luck in December. I have been invested 2 years now. Done my research. Had the pleasure of talking with AT on numerous occasions. A very passionate man regards the project.
With all that’s been going on past few months I do honestly feel something is coming in December.
For me Simandou spoke volumes on the need for Majors to secure resources, hence the huge bid and I’d assume we were never even at the table. No need to be.....
Who knows could even land this week.
If it doesn’t I’ll happily wait but would like to wish you all a Merry Christmas and a prosperous New Year.
Why would glencore accept so a low ball offer of that after years of proving up the resource.
Simandou offer of $14 billion puts matters into perspective.
IMO it would take a very similar offer for glencore to hand over the keys.
No doubt we’ll soon find out. Too much going on.
Ask a question. Why was Simandou bid so huge for a resource that won’t come into production until 2026 ?
And SMB now asking for equity investors.
Maybe just maybe Zanaga already a done deal. GLA.
So happy to be holding here. Do you expect a gap up in the morning.
https://www.mtbs.nl/news/congo-brazzaville-and-china-examine-conceptual-plan-for-the-development-of-the-special-economic
From last year DigDog. Its been planned for some time - but now its happening via COIDIC.
So long as the wharf / berth is large enough to handle the required amount of iron ore I ain't bothered where they build it.
Remember the New Mineral Port is not part of the SEZ, so it makes sense to extend existing port IMO. Will be a massive area from port to port with SEZ in the middle when completed. Things are happening and progressing nicely.
GLA on Monday RNS......
I think you're right drax - all these sells and SP not moved an inch..
Realistic we will hit 5p today folks ?
looking good folks. Ive just been quoted 4.3p for 50k up she will go
As we can see any sells are mopped up immediately. As others stated I’d expect another TR1 very soon. All good for us.
let's hope the bid continues to rise on each sell
Expect a few more large buys before end of day
just quoted me 3.68p for 100k looks like its going up
Guess he really wants em. No doubt see a few more big buys today ...Carry On Rupert :-)
nope just tried to