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Jiv-Great summary.
We are almost in the unique position of being able to “inside trade”whilst being kept in the dark.
Our advantageous position is further reinforced by the window of “monumental”news due(max 4mths).
It’s cars/kidneys/kids selling time!
Gla.
I wasn’t arguing(only expressing a concern)
I respect your opinion & research.
I hope you are right.
Gla.
MM- as pointed out on the other board, we are not a million miles from simply being taken private(and thus PI’s never achieving anything close to “fair value”.
As at 21 November 2023, the percentage of ordinary shares that were not in public hands was 58.89%
Glencores loan+interest still needs repaying(or possibly converting?)..
I have no doubt the price achieved for us peasants would be higher than todays SP, but nowhere near some of the numbers hoped for.
As it stands this is an obvious potential outcome that NONE of us PI’s would want, but a distinct possibility?
As you say AT is not doing much(if anything) to forward our cause(or even responding to simple emails)!
As at 21 November 2023, the percentage of ordinary shares that were not in public hands was 58.89%:2
Glencores loan+interest still to be repaid/CONVERTED..
Some shares undoubtedly in close confidants hands also?
The clock is definitely ticking, and as has been pointed out AT hasn’t done any meaningful work for us PI’s(or by and large responded to any of us peasants!)
Welcome to AIM!
I can only guess they’re trying finalise the outstanding loan, to announce to the market pre-AGM?
Maybe even get the slurry pipe costing out, and then announce a EGM(along side) to vote on a buyout proposal(I can wish)!
Gla.
Mitch/bear.
100% agree….however NEVER SAY NEVER!
If you have been on the shelf for a long time, and nobody’s a taker, your be surprised how many people suddenly show an interest as soon as the first person takes an interest!
But I believe the board have done the sensible thing(and their only option), by threatening to start small scale production on our own…it’s a great way of forcing the issue.
Gla.
I think we seem intent on beginning small scale production. I suspect we will be diluted to allow money to come in..
Probably Chinese money.
Once we get into production, probably a major will make a play to buy us out, so it ends up looking something like the SIMANDOU ownership= Chinese+another “western”major(maybe even Glen!).
For the Record, this is not the scenario I want, I would prefer a straight buyout.
Here’s to hoping, I personally have continued to add throughout this down trend, as I am convinced we are seriously undervalued.
Gla
We are certain of 3 short term updates(within 1-6 weeks).
1) loan update
2) AGM date
3) slurry pipe updated costings
I am hopeful that these news items will include a MOU with a partner/buyout offer/funding announcement.
HTH/AIMO.
Gla
What’s most interesting is that the Chinese are obviously aware of the significance of our resource, and that there is a 30+ page report on the subject.
Make of that what you will..
Gla..hoping for some massive news this month.
Jiving/st all-
It’s a detailed survey/report, it was sent to me in 2 parts PDF format.
To summarise it mentions the zanaga project, and even provides a link to a further detailed report on zanaga plc(in Chinese), there’s a part about the desired outcome for China to secure iron ore reserves.
Sorry unable to provide link, as LSE chat doesn’t seem to be able to link!
Here’s a snippet-
西 北 地 质 Vol. 56 No. 1 2023 年 (总 227 期) NORTHWESTERN GEOLOGY 2023(Sum227)
DOI:10.12401/j.nwg.2022032 试论中非矿业合作的机遇与挑战
朱清1,2 ,顾本杰1,3,* ,邹谢华1,2 ,古阿雷1,4 ,邢凯1,2
(1. 中国地质调查局国际矿业研究中心,北京 100037;2. 中国矿业报社,北京 100037;3. 中国地质大学(武汉)
资源学院,湖北 武汉 430074;4. 中国地质调查局天津地质调查中心,天津 300170)
摘 要:非洲成矿地质条件优越,优质成矿带富集;资源禀赋优良,分布集中度高,易于开发,且 开发潜力巨大;矿业在绝大多数非洲国家的发展中占据重要的地位。此外,非洲还是中国重要 的海外矿业合作伙伴,中非矿业贸易合作优势互补,有广阔的合作前景和市场潜力。笔者归纳 中非矿业合作的 3 个阶段,指出中非矿业合作从小到大,大有可为,并逐步形成了外交、政策和金 融 3 大保障机制。通过梳理 42 个中非矿业合作项目典型案例,总结了经验和教训,分析了当前 中资矿企投资非洲面临的机遇和挑战,提出基于构建中非矿业命运共同体背景下的矿业合作建 议:1加快推进中非矿业命运共同体建设,构建矿业市场大循环。2强化矿业金融合作。3积 极协助非洲矿业治理,促进非洲矿业高质量发展。 关键词:中非合作;矿业投资;命运共同体;矿业治理 中图分类号:F062.1 文献标志码:A 文章编号:1009-6248(2023)01-0174-12
On the Opportunities and Challenges of China–Africa Mining Cooperation
ZHU Qing1,2,GU Benjie1,3,*,ZOU Xiehua1,2,GU Alei1,4,XING Kai1,2
(1. International Mining Research Center of China Geological Survey, Beijing 100037, China;2. China Mining News, Beijing 100037, China; 3. School of Resources, China University of Geosciences, Wuhan 430074, Hubei, China;
4. Tianjin Center of China Geological Survey, Tianjin 300170, China)
Abstract:Africa has superior metallogenic geological conditions, rich in high–quality metallogenic belts. Africa also has excellent resource endowments, high distribution concentration, low development difficulty, and huge development potential. Mining plays an important role in the development of most African countries. In addition, Africa is also an important overseas mining partner of China. China–Africa mining trade cooperation has complementary advantages and has broad cooperation prospects and market potential. This paper summa- rizes the three stages of China–Africa mining cooperat