Reset your mind24 Feb 2024 18:41
BEAR.
This project turned a new corner late 2022..before that it was a (green)field(with a great resource underneath), after the restructuring in November 2022, we are getting ever closer to becoming a mine(brown-field).
Stop going on about the past before that time, for many reasons(Glencores reluctance/iron ore over supply/africa risk avoidance/ect), it didn’t happen.
I am near certain in my mind it’s gonna happen pretty soon!
Read the latest RNS to re-enforce your courage, and sit back and as a great man once said..”chill out dick wad”
Today, Glencore and ZIOC have agreed to extend the repayment date of the Loan Facility to 31 March 2024. ZIOC has already repaid US$463k of the Loan Facility and had US$1.39m of the Loan Facility outstanding (including accrued interest).
Clifford Elphick, Chairman of ZIOC commented:
"I am pleased to report that ZIOC has already partially repaid the Glencore loan, and continues to receive the support of Glencore going forward through the extension of the loan repayment date.
ZIOC is pleased with the ongoing progress being made in advancing discussions with potential partners, and as part of ZIOC's strategic objectives has already recently concluded an MoU relating to power solutions for the Zanaga Project. We look forward to progressing further strategic initiatives in early 2024."
Gla..our time soon comes.