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Anymore “tips” McA?

Thanks for sharing,

I for one value highly your input & research.

This retrace has indeed been brutal, and turned this board slightly toxic.

Please all try to remain civil.

Gla long term holders.

Kongo: Really good post & strongly recommend.

It’s all about mitigating the risk of doing business in the Congo. It’s outside of the Chinese sphere of influence, as it is also the Middle East’s. This is where Brazil(&Vale) become so important, being one of Congo's primary trading partners, and the close relationship between Den & Lula, and most importantly Brazil’s Vale being a powerful entity, with the expertise(and now the cash), to develop Zanaga.

With Vale being the “front man” it opens up the possibility of Middle East/Chinese money getting involved as a coalition strong enough to counter-weight the risk of “doing business in the Congo?

Zanaga also offers a chance for both Brazil & Vale to redeem their reputations in West Africa?

Gla.

Would need a few of my other investments to come good to challenge your “hoard”!

Guess I’ll have to stick on my poxy 4.5m….for now.

Gla.

Wouldn’t want to be out of this over the weekend!

A deal must surely be inbound?

Gla.

More buying in a day than the last month!

I’m gonna curse it, Bottoms In.

Gla.

Upto 4.5m golden tickets.

Realistically no one can deny ROC is awakening as a regional power, this is all directly/indirectly beneficial to Zioc.

6 mths max until we’re all celebrating.

IMO, GLA.

Hopefully coming qtr results show a turnaround..

Https://m.youtube.com/watch?v=n1-ovZeO1zA&pp=ygUPemFuYWdhIGlyb24gb3Jl

Thanks for sharing Vet, looking more & more likely a deal gets done this year…IMO

I never had much fortitude!

Added again..Nibj I’m gunning for ya.

Gla.

Good morning Andrew,

May I ask your observations on the “going concern” issue in the recently published annual results.

The shard facility with the option to issue up-to 18 million shares, since being announced has had a notable negative short term effect on the share price. My concern is that if the share price was to continue its current trajectory, and fall below 6p, then the issuance of 18 million shares would not raise enough capital to meet the obligations of the loan+interest due to Glencore by years end.

It is noted that you use an illustration price of 13.3p, where as of close of Friday we were trading at 7.69p.

Was the option of a “standard” fundraiser at a fixed discount to the 30 day average share price discussed?, What were the reasons this option were not taken?

It is also noted that the board has taken the decision to “launch a partnership with Chinese iron ore technical expert engineering firm ("Chinese EPC Partner") as part of a two stage optimsation process of the Zanaga 30Mtpa staged development project”. Is this action prudent, given the proposed undertaking will apply further strain on our finances.

Does this further heighten the risk of the company not being able to meet its obligations at year end?

Although little was mentioned in the annual report of the positive global backdrop, being the Saudis proposing large investment in future “green steel” initiatives , which would require high grade fe iron ore, of which we are blessed with. Also the proposed new port being built in the republic of Congo, to name but a few of the recent boons. I am holding off investing further until the above mentioned concerns have been mitigated.

Regards

Sent from my iPhone

Tech- good points.

-I think of the word mate, more of a necessity/lubricant(brown envelope).

-as pointed out the placing may never happen(in full), just a prerequisite to being able to issue the”going concern” statement.

-also another possibility is the need of cash to tie up the loose ends on a sale(options, outstanding wages, obligations, ect)

-as for the rolling of the loan, it may well happen yet(in due course if necessary).

all IMO

Mitch-eerie, I sent a email outlining those exact points to AT this morning!

Will post response(if I get one).

Gla

Added further.

I think this is as good as “inside trading”as we are going to get!

Gla.

I believe. It is used to “pin” the price, normally happens prior to a large trade going through.

Or so I’ve heard..

Gla.

For mates rates.

Hummingbird all over again(they raised just prior to their big jump in SP, allowing “mates” to acquire 17% of the company at the bottom).

I expect the purpose of the facility is to allow “friends” to accumulate a holding, which would not have otherwise been possible in a share with a very low free float.

I will stick my neck out and say this share trades to 30p+ within 3 months of this post.

Gla.

Ext- possible, but wouldn’t that technically amount to Glencore paying 48.26% of the loan+interest back to themselves through self inflicted dilution of their stake? Trivial perhaps to a behemoth like Glencore, but definitely unsustainable if this method were to be continually used over subsequent years(they would in time, effectively allow themselves to be diluted to nothing).

When the loan got announced last year, I concluded(perhaps wrongly/TWT) that it acted as a countdown to a deal being concluded(or the loan could be rolled over ,if close to being concluded).

I had assumed that the loan+interest would be paid back via proceeds of the sale(and I still think it will).

Anyway I hadn’t thought of Glencore being so benevolent!

In regards to my question on “conflict of interest”

I meant in the legality of the of the loan?

Also the loan is due to be paid back by years end/HOW?

I think a deal gets done before year end.

IMO & I’m gonna keep stacking these Golden tickets.

Gla.

Jiving: “likely won’t happen”-

Isn’t that technically what we are doing!

Golden tickets all round!

Gla.

I wanna be “bulldozed”.

Thanks for your continued input MM.

Gla