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If zanaga issue new shares, therefore diluting Glencore(unless they subscribe), to in turn pay the loan+interest back to Glencore, isn’t that some kind of conflict of interests to Glencores shareholders?

Anyone with any insight?

Thanks in advance.

If zanaga issue new shares, therefore diluting Glencore(unless they subscribe), to in turn pay the loan+interest back to Glencore, isn’t that some kind of conflict of interests to Glencore, that is against their shareholders?

If so Glencore then are left with 2 choices(IMO)-

1) sell the lot

2)buy the lot

* Unless they are confident of a deal being concluded, and the loan merely a “tie over”.

Anyone with any insights?

Maybe think of the exercise more of a “quote”, than a “costings”, the slurry pipe will after all need to be built(by a Chinese firm?, on behalf of the Saudis?).

And if “The Offer” is inbound, but “not ready”(for whatever external reason), why not make progress in the interim?

All seems positive to me, and this “miscommunication” in our update should be seem as a blessing in disguise, to Us informed Zioc shareholders.

Gla.

I look to invest in company’s with the following criteria:

In order of importance-

1) not a life style company/chronic share issuer.

2) the directors/ceo have “skin in the game”

3) at or near long-term lows/support

4) negative sentiment.

I hardly ever catch the bottom, but continue to leverage in(quite often in 10s of trades/tranches).

Gl & ps I think gemd meets the above criteria.

Pss I’m only responding out of respect of you having shared much research & insight with fellow investors.

And that’s if indeed the 2nd&3rd tranches get done!

And perhaps the final piece to the jigsaw is the cost/logistics of getting the ore, to the soon to be built port, by the proposed slurry pipe.

Well I’ve done what seems to me the “sensible thing”, I’ve added 6% to my holding here.

IMO a deal gets done this year.

Gla.

Disappointed as all here with the SHARE PRICE, but can’t really see what has fundamentally changes in a week!?

Started adding again, let’s see if the management can finally get “the bunny” out of the hat.

Gla.

Gla

Bear: I didn’t mean that statement in a boosting “kind of way”, it was more just advice to perhaps switch off when the swings kick in.

Ps we were up on the week overall.

All IMO.

Gla.

Well summarised Bank:

Time will be the remedy here, let our profits grow.

Gla.

You called it again bonker!

As the saying goes “let the trend be your friend”

All good, patience it is then.

Gla.

IMO, mission accomplished, lots gave up their golden tickets, and traders got stopped out(perhaps making a few quid(good for them)).

I decided to switch off, and save my sanity(£100k daily swings really play on your emotions!).

12p held, we are now in a new trading range(cementing 12p as support(previously resistance), next resistance 25p(a big one), hopefully all this T/A talk will be irrelevant with a buyout offer.

One things for sure we are definitely getting a RNS on Monday morning…please be the one we’ve all been waiting for.

Gla LTH.

Ext- reminds me of where we’re currently at ..”One minute to midnight”!

Beautiful retest of the 12p resistance(now support).

Feels as though the MMS are gonna have to let this run.

ExT-excellent idea.

£1.41 / Christian aid: Congo =5%

Can we close out the week over 12p?

I really wouldn’t want to be out of This over the weekend!..

Gla LTH.

Ps MM-come back, your opinion is highly valued by many here(myself included).

Proper “cursing it” that..LOL

Personal been adding heavily here.

Gla

Ex- we are officially in a new trading range 12-25p, although some may look for a weekly close above 12p, as confirmation.

Exciting times, to be honest I just checked in a couple of times today, couldn’t stomach the churn. Still holding 4.1m(didn’t manage to get to 5m), not looking to sell until “official”news, but would sell the lot for 50p, if that came first.

Gla.

Vet- best post of the day!

Sure would love someone to “spot” AT in Paris!

On a side note 12p was always going to be a bit of a bi*ch(resistance wise), and a lot of talk on here today about the magic 25p(obvious next resistance(if we get there)). But “what a gap”, above 25p!! I definitely won’t be selling on a breach above 25p.

Gla, hopefully we get a “nice clean”offer for our shares ASAP.

Commence.

Surely 22p is cheap enough?

I don’t want to keep “taking advantage” of this low prices to add!

1.1m & counting..

Gla

Blue?

Surely this is worth closer to a £100m, than £10m!

We’re on the move.

I’m Fully loaded again, ready for the 20p party.

Gla & and may our SA glitches be behind us.