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Bear-keep positive, keep posting…I think lots on here have become a little bitter of all the false starts, try not to take it personally…

Gl mate.

Nibj- I think nobody wanted to pay “fair price” this last 13years for a greenfield project(to much risk-2-premium), So we’re going brownfield(small scale), this will help us achieve a “fairer price”. There will be dilution to achieve this, and so long as it adds value, I personally don’t have any issues. I think we will then be brought out as a small scale producer(could be the whole project, or just our stake).

Why now- because the iron ore market pressures/price/co2/high grade= GAME ON.

Also, the restructuring of the company last year makes this cleaner for Glencore to increase their holding without being in direst control(although they still have control behind the curtain).

This is a very complex conversation to have, and there are so many variables.

In summary-

1-we will see dilution next year to fund initial development/Glencore will part-fund and increase their stake in doing so.

2-A “money”partner will be brought in.

3- We will get bought out 2025 onwards by a major/maybe Glencore, maybe a major buys Glencore out?( I don’t care, as long as I get £2+)

I’m expecting £500m-1bn market cap 2024, £3bn+ 2025 onwards, equating to share price is dependent on dilution, but expecting £1 p/s 2024/£3+ 2025 onwards.

Of course there’s still a possibility all this noise is merely a rue to force a buyout at a “fair” price.

It will all become clearer as soon as next week(with any luck)!

AIMO.

Gla.

Ex- Enjoying the fruit of his labour, as hopefully soon we shall be.

Ps wouldn’t wanna be out of this over the weekend!

Gla

A lot of thought provoking funding scenarios being suggested.

Could I suggest perhaps a slightly different scenario where Glencore fund “our” portion through underwriting issuance of new shares,(increasing their holding(and enabling them to appoint a further rep to the board(the new CEO). The rest of the funding(majority) coming through a loan, to get us into initial “ small scale” production.

Glencore might be our “preferred strategic partner”?

Obviously “the bank” we loan the monies from will by virtue become a vested interest/strategic partner(Chinese/pif?), with options on interest being paid through equity.

Occam's razor anyone?

Gla.

I love a gamble!!!

2nd tranche cleared-By January 31st

40-70p by March 31st.

Let’s be honest, “they” almost lost control of the share price prior to the announcement of the shard (1st tranche) placement, and I believe the share price would have began that same out of control” trajectory today, with this Amazing announcement(don’t underestimate the significance of today’s RNS), if not for announcing along side the placement of the 2nd tranche.

I suppose it all won’t make much of a difference in the long run…we’re now most certainly on the way to being developed l, and a market cap a hell of a lot higher than todays.

AIMO.

Gla

How are we still in the single digits!?

Today’s news is like Elon Musk taking a job at your local laptop repair center!

What’s it gonna take?!!

Gla.

So we’ve just appointed a ex Glencore CEO..this guy is a mining giant.

He has held executive roles in companies worth billions…and now he’s ziocs ceo..current market cap £50m!!

Https://www.mining.com/iron-ore-price-up-as-hopes-of-china-stimulus-resurface/

Mm- thanks for this,

Guess it will all be in any “Deal” that’s struck.

I’ve always put the poor SP down to the fact that any proposed buyer would be put off by not having the say on where the end product would be shipped.

That and the “inconvenience” of having to deal with Glencore, on Glencores terms…

Your input may make me reconsider this…although there has to be a reasonable explanation for why the SP is still in the flipping single digits?..any reasoning et all?

MM- you’d be better off “paging” Glencore PLC, last I checked they have “exclusive offtake” of any ore that gets processed out of ZANAGA..

It will be their call on where the ore gets shipped.

Gla.

Volume picking up nicely for a Monday morning, should see a big rise this week heading into AGM..

Gla.

AWS- sorry my confusion!

What’s one more week, after 10+ years!.

Gla(still expecting news coming week).

Perhaps “to clear the decks” prior to the AGM on Tuesday?

Still outstanding-

1) costings update.

2) loan repayment/restructuring.

3) Shard placing update(1st/2nd/3rd tranche)

4) updated NPV?

5)Also potential MOU’s(port/hydro/preferred partners.

Otherwise a whole load of time is going to be spent addressing questions around the above at the AGM.

On a side note, wouldn’t it be lovely for AT to do a Q+A webinar, or at least a proactive investor update post AGM.

Gla.

Bonker- have a peek at Zioc, been long in the tooth, but think we’re in the end game there, sort of like Mka(I also hold a few there).

As for here, would love to see a continuation of the turnaround, I’ve got a little too deep!!(averaging 15.5p).

Gla

Unable to sell/buy a single share, been like this for nearly a hour..bit long for an auction?

Gotta love the games..

Gla.

Not should read But.

Much has been made of the fact that Zioc is a “binary bet”, in essence whether it does, or does not not get developed.

All research & indeed our boards actions(RNS’s) lead me to conclude we are no longer binary, not 100% going to be developed.

The only outstanding variables are

1) timeline(4 months countdown)

2) how far we PI’s get carried along, before we get thrown off the train/and how much “gold” our faces get stuffed with!

On a side note MM’s private(he would like to think) alternative board(READ=Universe) becomes more toxic by the day.

Very sad state of affairs when we lose our common decency & respect for each other, and resort to childlike name calling.

Thanks to all here for keeping it civil.

Gla respectful holders/posters.

Ex, et all

Are you going to the AGM?

Do I just turn up, or do I need to register before hand?

Thanks in advance.

Ex-thanks.

I do see this news as relevant, it cuts the potential distance of “The slurry pipe” considerably, so as to link to the rail infrastructure, that in turn could haul “our” beautiful high grade ore to port,

Further reducing capex.

Gla.