Member Info for caml

Personally, I like AT and he is very good at his job. He's engaging, knows all there is about the project and his interviews are the best performances out there. He is our gateway to the company and therefore he has to take the rough with the smooth.
Someone needs to take accountability for the fact that ZIOC have told us about EPP study for years and not delivered it. The fact there is still no plan. They mothballed the company and then re-started in 2017 after the environmental permit was received - why? 3 1/4 years later and we still have no idea what the **** we are going to do other than dilute to keep the lights on. We have achieved nothing in that time of any value to us.
As shareholders we have a right to know what is going on with our company, we deserve a business plan and feasibility study on EPP. We certainly deserve to be updated when the Chairman says we will be updated. They have already disclosed that there have been approaches, so they can say whether these approaches are still active or dormant without breaking any NDA. They are simply choosing not to tell us which is very poor as TheDealBreaker has pointed out. This in turn gives us another problem as the market doesn't respect ZIOC for constant failure to deliver.
AIMO and GLA

Hi extrader,
I'm aware of the favorable repayment terms however to me it demonstrates that Glen are getting rid of unwanted assets in a reasonable manner (or blind optimism from me!). We all know they don't want Zanaga, they dont see it as viable (because of lack of industry support and foothold in the region as well as economics) but I feel they need to keep control of it for now as it gives them power of influence. If they could resolve other conflicts / group debt, sell it to a Chinese group and retain off-take rights then they'd be chuffed. But 2 of these 3 aren't going to happen IMO.
You say the talks are only with the Chinese - I understand this was the case, but I'm not sure they're still ongoing. Wouldn't it be great if AT could update us on this? I don't need details or names, just that talks are actually taking place or that no talks are actually taking place.
GLA

Well it shows that Glencore are doing deals to get rid of unwanted assets. Debt + $1 and they've given them a pretty good terms too.
Now they could move that 1.5b over to another African project or they could do a similar deal with us and we could find a new partner.
All speculation but what else have we to go on?!

https://www.investegate.co.uk/glencore-plc--glen-/rns/signed-contract-to-sell-73--stake-in-mopani/202101190809311545M/

Deals are being done.

Appreciate your effort here ShrewdDude67, but there's nothing new here, just a re-iteration. Shame he didn't give you a reason why the update was missed.
I might be missing something here but as they have already told us numerous third parties have made approaches, surely they can tell us that discussions have progressed with 1 (or x) entities and we are preparing HoT? They don't need to name them but this would help shareholders out in 2 ways. Firstly we would see a rise in SP - not looking to sell but we'd all be much happier. Secondly, it would tell any other 3rd parties sitting and waiting that things are moving on and they should up their game.
Likewise, they can surely say that there are no discussions and nobody has taken things further. This could be because of COVID (not likely) or awaiting latest feasibility study or simply not interested in the terms offered. Again, I don't see this as deal-busting, confidence shattering news.
AIMO and GLA

Looks like we have a new investor relations department!

hi Kongolasse, welcome.
I would love the BoD and management to be relevant and for them to tell us shareholders the truth about our company.
ATB

Hi allthatguff,
logisitcs is a challenge, but that's standard in mining. I know for a fact that a proposal was put to the company which was very do-able and in budget.
I do not doubt who wears the trousers in Jumelles, but this is where ZIOC need to come clean, tell the market and stop trying to justify their employment with wild feasibility studies that go nowhere. We should go back to mothball mode IMO.

Back in 2018, if I am not mistaken, AT told me that to get EPP production towards 1.5mtpa ZIOC would need approx. $15m. We would use UK govt export finance incentives and dilution would be offset against a higher SP (35p) and dilution was envisaged to be 25% of Mcap. But, we'd now be producing and at current prices, we'd be making >$70m year on 1.5mtpa.
Other EPP snippets in interviews have said up to 3 or 5 mtpa.
Now we are worse off, churned through >£1 million, diluted and not even got an official EPP costing proposal / feasibility study. A great plan, so why wasn't it done? We will never know.
The management have got paid in cash and shares and LTH's have got shafted. I know it's a cliche but AIM lifestyle company? Lots of enthusiasm right up until they actually have to deliver.
Same with the Glencore situation - plenty of 'Jumelles are right behind us' words but no actual support. Sure they are contributing to their side of the budget but this is only so they don't lose the license. If Jumelles chose not to invest $30m to get the EPP up and running then why not? So much potential.
AIMO
ZIOC need to come clean - maybe in the 2020 end of year update. lol
GLA

Tens of billions of resource and not one person wanting to risk 8p. Andrew, put us out of our misery please. Tell us you're secretly selling us or even discussing terms. Or that nobody is actually moving past initial contact. You dont talk and talk for months, you get a deal structured and done.
GLA

No GGG, they were replaced by paper airplanes.

Thank you for that, it'll probably save him a number of other replies.

Anything positive in his response Sooty or just the usual we are doing lots of things but can't tell you anything?

An update!
Not the one we wanted but at least we know the lights are on.
What this does do is confirm that no deal is close or likely at present. The whole 'tranche' reasoning was that we'd only use them if required and the first tranche was enough to keep us operational for 1 year.
Down we go again.

I'm sure AT reads the BBs and I'm sure he knows the sentiment at the moment.
I too am a LTH in NCCL. I invested in a few prospective stocks - if 1 comes off, I win. If 2 come off, I really win! And so on...
The key there is the involvement of both Chinese and Moz governments. The Chinese and RoC governments both want Zanaga's iron ore out of the ground, but I don't believe they're so keen on us doing it or profiting from it. IMO.

Hi extrader and HNY,
did you hear back from Andrew as to either why there was no update or his thoughts on the Chinese Ministry escalating the acquisitions of steel related businesses and iron ore mines?

Hi ZeeGT,
I have held and followed this company since spring '17 and hope has been eternal. I have questioned whether this is 'just another aim company' despite AT telling us ZIOC is definitely not like any other company on AIM. AT talks a great game, gives us highly detailed RNSes and does brilliant interviews. But the company has failed on every timeline given regarding projects since I invested. Still no EPP feasibility plan, still no business plan, still nothing on COIDIC, nothing on interested parties and now not even the end of year update. For those saying this could be because of a deal that is about to break, come on, get real.
There is nothing that would stop them updating us as to ongoing works, studies, re-costing progress, finances and even how things are going with our Chinese CIODIC partners. They either forgot or have nothing to report.
Iron ore is in such high demand, West African mines are in demand, but Zanaga isn't mentioned anywhere. Why is that? Are Jumelles asking too much? Do the Chinese think they'll get it FOC in a year or 2?
Evidently, as humble shareholders, we aren't to know this.
GLA / IMO

They have just got the license for another one in RoC. That's 2.

Hi Sooty,
you know it's bad when it's left to the last day and you know it's really bad if it's left to the close of a year!
I just want them to come out and say clearly what is going on. Either they are actively engaged with a potential buyer / investor or they are not. No more hiding behind ambiguous statements.
I was hoping that the RoC government would love positive news (for their economy) before the upcoming Presidential elections in March. This wouldn't leave much time with Chinese New Year in Feb.
HNY to all.

Hi extrader,
I think there is more chance of you harvesting a fine crop of mushrooms than us getting tangible news tomorrow.
There have also been plenty of other foreign deals in RoC. Chinese building a new refinery in P-N. Italian delegation to discuss co-operation in many fields, including steel. This also culminated in a new o&g contract just north of P-N. Vox Congo has details of plenty of activity. What is clear is getting there is not an issue and deals are being done. The govt is fully functioning. This would suggest that either there is no genuine interest or that there is a blocker somewhere. Having people enquire is one thing. Talking, negotiating and coming to heads of terms is another. Sadly, IMO, we wont be any the wiser.
Good luck with your mushrooms.