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Anyway you look at it, we’re a decade closer to the end game than we were, when the SP was a £1.50.
NOTHING HAS FUNDAMENTALLY CHANGED.
We haven’t issued “billions” of new shares, the iron ore is still there.
If we were overvalued at £1.50, and we are undervalued at 2p, then I suspect fair value is somewhere in the middle!
Gla long-timers.

Sp looking a little bit more robust, maybe finally found a bottom?
Onwards & upwards…

I stand corrected,
60m in a day!! Anyhow I personally hope for no more spikes, just a quick suspension, followed by a even quicker sale of our asset, for a inconceivably monstrous price…and the end to this “saga”.

29/8/2015 is the last time we did 10m+ volume.
But by my reckoning there’s less than 100m free float(tradable) shares. But I think after 11 long years you wouldn’t even get many of these from “strong hands”, unless the price was in magnitudes of where it is today…price would literally explode.
I think that day is fast approaching…

Thank you veteran for taking the time to share.

Veteran, good to hear, I still haven’t had a response.
Please could you ask him of the “terms of the loan with glencore”, if you don’t mind? I, as I’m sure other holders would love for you to share any feedback
Thanks in advance..

All good. We continue as a going concern(meeting regulatory requirements), and at current burn-rate have enough cash for 18 months(with 3m more to place, in due course with shard).
Back over to you Glencore..

Mitch, I disagree. I think we’re closer than most realise. AT says all he needs to say in this interview.
I think he is concentrating on his new venture, as he probably wants to carry on working after Ziocs sale.

https://www.proactiveinvestors.co.uk/companies/news/932353/zanaga-iron-ore-to-benefit-from--china-aggressively-pushing-to-secure-large-global-iron-ore-assets--932353.html

Also look back at the in depth research note, nothing much has changed, in sense of valuation.
https://www.edisoninvestmentresearch.com/?ACT=18&ID=6417

And finally as mentioned on here yesterday, sapro would seem a valid developer of our asset, as they have proven “they can do it, and already are in agreement with glencore over off-take.
https://m.youtube.com/watch?v=J-_dmTfsh_A

It is my belief(IMO), that the asset gets sold to sapro, by glencore for a low-end price, with delayed terms of payment agreed (post development), and obviously off-take to glencore. We will be compensated with shares (held in treasury), of glencore. That way we can’t complain about low end offer, as we will be on board glencores future income stream…the price per share to us…no idea?, but would guess minimum valuation, will be magnitudes higher than 2p!

Please feel free to disagree, but please don’t shoot me down in flames!
Gla LONG time holders.

Well it was the 1st July the year before, so tomorrow it is then?

Some great research on here today, thanks.

99, so the same reasons that we’re all here as well then…
Added further, GLA.

Bear, as of Friday Zioc became 15% of my share-portfolio. Gdp(also in Africa!), is my largest share-holding, it’s doing a lot better than Zioc for me!
In total I hold 7 different shares, but gave up posting on most of them(too many bitter weirdo’s out there!).

Bear: I brought into slp at 7p, sold all the way up to 25p, made a load…alas, in hindsight if I still held today, I’d be a multi-multi millionaire!
Phil: fair warning, but £20k gets you a million these days, so it’s all relevant?

Look seriously as it’s been said many a time “Zioc is a binary bet”…but I’d bet my underpants we see 10p again, that’s 5x return right there!
In truth, nothing much has changed in a decade(we haven’t been diluted into oblivion”yet”), this could still end up being worth 100x from here. Yes there are risks, we could delist, or fail to raise enough to keep the lights on. But the ore is still there, We just need someone with “monster balls” to develop it!

Nibj,
You’ve got bigger “ka-hoots” than I!
And Its taken me 8+ years to get to my hoard!!
Gl mate..here’s to a Monday morning RNS that we’ve been sold for a quid per share.

Proud owner of 3.6m shares.
Gla..

BEAR:
Well before today, about 4.5p,but depending if my orders getting filled, after today hopefully about 3p.
This could be the stupidest, or savviest thing I’ve done in a while!!

Not even a single share!!
I’ve got another 1million on orders..

Now Hold over 1%!!
Madness

GGG, agree with your analysis. I’ve been in & out of here for a long time…hence the “scaling in”.

Seems limited downside from here(famous last words)!
Gla