Member Info for caml

The annual results / report was 23rd Aug in 2018. Plenty of time to enjoy the trappings of other people's cash.
If they can't deliver an EPP in 2 1/2 years, can't deliver value for us in these times of record demand, then it's time to go. Over to you Andrew.

Indeed G_G_G, the share has lost 50% of it's value in 1 month (pre-floating port RNS). Mr Trahar is continuously optimistic and so passionate for the project; he tells a great story but the BoD don't seem to actually achieve anything. He says, for example, that having the ex-Simandou team on board is great for us. Why? It sold once they left.
AT needs to understand that enough is enough and the market will not get exited with more 'in the coming months' claims. This will be the 3rd Annual Report with headline news regarding the quick route to market EPP. Still no figures, estimates or production timetable. In 3 years!
If the update is poorly received then maybe the additional tranches will be needed soon. 7m @ 3p is not going to last long. If the update is positive then we could easily rocket to 30p+ and I'll be the first to thank Andrew.

A loan would need to be paid back, one day.
There must be a huge, fundamental issue within the project / Jumelles / RoC. What else can explain the inability to sell or develop our incredible, unique resource with the market conditions?
All IMO

All those tweets about high iron ore prices, shortage of supply, predicted growth of Chinese demand, trade wars with Australia and the fact remains that the BoD simply haven't been able to generate any revenue. On one hand Trahar is saying that the market conditions are the best they have ever been for us and on the other hand, we are struggling to sell ice in the desert.
In the RNS, the Chairman mentions "further milestones" - well let us know what these are because you have failed on all your previous targets. As I said previously, the first section of the 2018 Annual report was the EPP and the 2019 one. Surely not again ... The EPP is meant to be a quick route to market lol
I have a lot invested here, my mistake. It is just another AIM lifestyle business and this funding will buy them new boots to keep kicking the can into 2021.

Hi G_G_G,
this is a question that is not new. Back in the last bull cycle they were discussing financing and potential M&As, but nothing happened. Had they have started the development back then, we would be taking huge advantage of the current prices. As it is, we are un-developed and don't even have a business plan. Surely, as long term shareholders we deserve that?
Yes, it is true that FMG were willing to spend 9bn on Simandou, so they obviously want new resource and are happy operating in West Africa. I understand that there is a good relationship between ZIOC and FMG, but if there was going to be a JV / BO then surely we'd know by now?

Indeed, but that's not in 'the plan' and the infrastructure they have been talking about can't support that amount.

The discussions with China have stalled at best. In my opinion, Glencore need to keep the asset to keep pressure on the government and the Chinese have run out of patience. Contrary to some posters beliefs, the Chinese can source 12mtpa from elsewhere.
If there was some fundamental and valuable news then they would have released it and not waited for annual report. It seems to me that we have the following choices; placing to keep kicking the can or mothball the project, as in 2014. Without the Chinese support, there is no infrastructure and no way of constructing the mine, let alone getting the ore to market. Remember, building the mining infrastructure and even getting the equipment to the location will be a challenge.
All IMO.

Not long now to the annual report and update on COIDIC. The last 2 annual reports started with fanfare about the EPP, and I suspect this year's will too. Cut and paste job. I doubt we'll get target tonnages, costs, off-take agreements or projected earnings. They will be in the 'coming months'.
I'd love to be wrong and have the optimism of some but this should be called 'The Coming Months Mining Co.'
IMO and GLA

The market doesn't understand because the market hasn't been told anything. There is no business plan to get ore to market and there hasn't been one since the feasibility study. There's nothing more than rumours about discussions with FMG, nothing official about Glencore's interest and nothing official about financing. For all we know loads could be happening in the background or absolutely nothing. In July we will either be looking at 3.5p or 35p IMO.

How's this?
Mr Glasenberg said."However, you know my feelings on greenfield projects so I don’t know if it’s going to happen in my life," he said."If anyone wants to give us an offer for them they can come talk to us."
https://www.businesslive.co.za/bd/companies/mining/2015-03-12-glencore-curbs-iron-projects/
As I said, all in the past, but all the more important we hear from Glencore that their attitude has changed.
All IMO

I agree that it's about time Glencore commented on the project. Their stance in 2017 was that all greenfield sites were for sale (at the right price) and they were not interested in developing them, so unless anyone has anything different, that is still the case. Remember Glasenberg said he could not see Zanaga being developed in his lifetime.
Definitely an interesting couple of months coming up with COIDIC news and IMF news.

So what's the plan? 1m, no 5m, or maybe 13m or perhaps 30mtpa? We'll get it there by road and rail or slurry pipeline to either Gabon or one of 3 P-N options. Haven't we done well, last rns only had 2 options but now we have spent more time devising another. Remember all the 'excitement' over cold pelletisation and months of waiting for test results? Just more time spent milking the project for a lovely lifestyle. Trahar always says ZIOC is not your normal AIM company - really?
Oh and the fact we have enough money to last 3 months.
Monthly close below 9p. Then ramp up to June's non-event.

Think about it. The Board and Management are getting paid in shares. The lower the price, the more shares they get. If you speak to them (surely you have?) you will know the situation. Load up when you can and wait, it'll do very well in due course. All IMO.