Member Info for extrader

Hi all,

Some of you may recall the above's recent negative prononcements on HUR....and we all know that past performance is not necessarily a guide to the future.

As a BOO shareholder (from the high 20's), I noted in passing Mr Hargreaves offering re BOO https://www.fool.co.uk/investing/2019/02/27/look-out-below-why-i-think-the-boohoo-share-price-has-further-to-fall/

The s/p then ? 175p

The BOO s/p today, after another round of 'stonking' (technical term) results ? 230p, for a 30% uplift in 7 weeks...

Perhaps financial journalists (like MPs) should be paid by results ?

ATB

Hi Mitch984,

I think Howarth may still be involved, but exempt from reporting any material moves as no longer a PMDR.

His vehicle, Salamanca, appears 3.4.2017 as part of the Garbet/Strata break-up, with 13.6 m shares, 4.49%
That holding appears in the 31.12.2017 A/R, with a footnote that there was no subsequent change at time of A/R release (28.6.2018).
Howarth announces intention to step down 3.8.2018 and does so 6.9.2018 (Velloza steps in)..

Subsequent RNS's cover Keith, Guava (-2.99%) Julian up, Accuro down and the latest switcheroo Leganes/Artemis(Ark).

Anyway, we'll find out one way or t'other in the next couple of months, when we get the 2018 A/R.

I'm faintly surprised ZIOC / GLEN haven't sought a correction of the recent misleading/erroneous press (an exuberant C-B Minister, I'm guessing) especially as it contradicts the whole thrust of the recent IP.....

ATB

Hi all,

AIUI, the whole 'carbon dioxide' bit is something of a red herring : CO2 is a minute part of 'greenhouse gases' (0.05% or something), water vapour aka cloud formation is the overwhelming majority; CO2 levels are a lagging, not leading indicator; and in any case , 'natural' CO2 release - from volcanoes and the warming oceans - is a far bigger contributor than Mankind.

Pollution and destruction of biodiversity are somewhat more in our gift / control and hence responsibility, IMO.

ATB

Hi sidneysideline,

If 'joining the dots' leaves you 'board' (sic) , maybe this investment lark isn't for you.....?

ATB

Hi Sidney-on-the-sideline,

(1) This is my first ever post re NCCL on the ZIOC board.
(2) ZIOC's 2 drivers are/were Elphick and Howarth. Elphick's other known interest is GEMD, Howarth's other known interest is NCCL. Some people think it useful/educational to know a bit about how these people do business elsewhere.
(3) There's recently been some correspondence here about a 6% share switch, where Kulczyk family appear to have sold down here...and A.N.Other (behind a trust, so unknown) bought in. Kulczyk has a 10%+ stake (via Polenergia) in NCCL.
(4) We are a small AIM co, trying to keep involved in a multibillion $ potential project, a 'connected' co is - perhaps - showing how that MIGHT be done.
(5) We can all learn about project finance from 'read-across' to other co's in similar situations - and manage expectations accordingly - hence past reference to Kore Potash and Kropz in C-B and various opportunistic offtake deals that GLEN has recently undertaken in Brazil, Canada, Ukraine and Australia. Now we have an example of a project (power plant, which we need), involving a Chinese company (which we arguably also need), under the BRI programme (ditto).

As someone who appears to follow/comment almost exclusively on ZIOC and occasionally GLEN, I'm somewhat surprised how little you seem to know/understand about investing in a company that clearly interests you.

Finally, I'd invite you to re-read the concluding summary of the post you take exception to:..."If so, the read-across for ZIOC (and how small AIM companies CAN occasionally avoid being squeezed out by the big boys in $ billion projects) would be a POSITIVE."

Hope this is a sufficient 'reminder'.

ATB

ATB

Hi all,

......ZIOC shareholder Haworth's other AIM investment, Ncondezi Energy (NCCL), is getting some airtime on the boards.

See https://www.proactiveinvestors.co.uk/companies/news/218145/ncondezi-is-now-on-the-cusp-of-closing-its-joint-development-deal-with-major-power-companies-218145.htmlPresto113

Lots of excitement about a BRI conference in China (to which C-B aren't invited, only Egypt, Djibouti Somalia from the North and Kenya + Mozambique from Central/Southern Africa), " the second Belt and Road Forum, designed among other things to promote and develop infrastructure projects involving cooperation between China and 37 developing countries.."

NCCL is hoping to close an agreement for the first phase of its coal power plant project in Mozambique with partners China Machinery and Engineering Corp (CMEC) and General Electric South Africa supported by material shareholders Africa Finance Corp and Polenergia - the Kulczyk family vehicle I mentioned a few days ago.

This despite Mozambique being in dire straits economically, having sought from the IMF last week an emergency overdraft - a 'Request for Disbursement under the Rapid Credit Facility'.

Mozambique's President, accompanied by the Minister for Tete province, industrial heartland where NCCL's power plant is sited, are scheduled to meet President Xi.

It'll be interesting to see if this conference produces more tangible results for Africa (and NCCL) than FOCAC did for Zanaga. If so, the read-across for ZIOC (and how small AIM companies CAN occasionally avoid being squeezed out by the big boys in $ billion projects) would be a positive.

ATB

My point exactly ;->. To paraphrase that infamous Tory ad : " Are you thinking what I'm thinking...?"

ATB

Hi SIPPn00b,

On a point of order - and at the risk of lowering the tone of this esteemed board - I think you're referring to https://en.wikipedia.org/wiki/Cnut_the_Great

ATB

ATB

Hi asp2014,

Thanks for the professional input !

I was thinking of land-based turbines, I can see that concrete wouldn't be so clever/easy to handle in a marine environment. And I've learned that steel is the default alternative.

ATB

Hi beardozer,

You ask "how Iron Ore fits in with Global Warming - will the price rise or fall ?"

Here's what iron/steel are mostly used for https://www.explainthatstuff.com/ironsteel.html, most replacements are either plastic or alt metals eg aluminium, both of which have higher energy/fossil fuel usage.

Try and imagine a world without steel/iron ore and you go back pretty quickly to the Stone Age.

From a pollution point of view, our high Fe content raw material needs less coal to produce iron ore/steel, to that extent we would be reducing coal consumption and hence air pollution, in China. Hence, a Good Thing.

Somewhat offset, unfortunately, by the Chinese also currently commissioning a new coal-fired power station per week...…;-<

See also http://brusselstimes.com/business/technology/15050/electric-vehicles-emit-more-co2-than-diesel-ones,-german-study-shows

And that all those lovely wind turbines are anchored on massive concrete plugs , the cement industry globally accounts for about 5 % of CO2 emissions. On a whole life-cycle basis (ie including manufacture, installation and decommissioning)+ intermittency (the need to have back-up anyway, for when the wind doesn't blow) some people argue that wind energy ISN'T actually a net CO2 reducer at the end of the day...

ATB

Hi IJWT,

Kind of what I was thinking !

Just want to make sure that I 'synch' my investment portfolio - and don't 'sink' it ….

I chose my handle for a reason …;-<….and as a reminder.

ATB

Hi IJWT,

Thanks for the feedback/nuancing.

We seem to be in the same ballpark re potential s/p (Deo volente), I'm encouraged that your timetable appears quicker than mine ;->..

I don't see ECO management / key shareholders having the mindset/desire to see things through to full production, which seems to be the current intention for HUR (if you're still in there, apols to others if O/T).

On the face of it , there's an interesting potential juxtaposition of timetables between the hoped-for 'monetisation events' of these two !

Do you expect to make it to this year's HUR AGM ?

ATB

And if anyone's interested in the shipper, Ashley Global's Ivy Ocean, here are some links - and a photo under its previous name 'Ken Cape'.

http://www.vesseltracking.net/ship/ivy-ocean-9168506

https://www.marinetraffic.com/.../mmsi:353084000/imo:9168506/vessel:IVY_OCEAN

https://www.vesselfinder.com/vessels/IVY-OCEAN-IMO-9168506-MMSI-353084000

The first, incidentally, names the owner/manager of Ivy Ocean as HUBEI QIN TAI SHIPPING CO LTD.

All good stuff !
ATB

Hi all,

Post Reuters, a second source has weighed in, the C-B govt friendly ADIAC, with
http://www.adiac-congo.com/content/mines-solides-le-congo-exporte-le-fer-vers-la-chine-98723

Snippets : usual conflation of 'plan' and 'reality' - spend of $550 M (not yet); creation of 5,000, then 10,00 jobs (not yet); eventual production from SaproMayoko and 3 others (including Zanaga) of 150mtpa (23,00 tons, so far), via new rail line (not yet); metal quality 65%; if/when everyone rallies around, we'll do this "dans six ans exactement »

Daft summing up of the week ? " If SaproMayoko Obambi is name-checking #Zanaga development then you can be sure the President knows."

I've no doubt Nguesso is familiar with all of C-B's existing and prospective revenue streams ;-<

ATB

Hi AquaeSulis,

"Are energy stocks the new tobacco ?"

Both are addictive, harmful and significant sources of revenue for the State.

Looked at dispassionately, tobacco stocks have been amongst the most reliable performers on the stock market over the last couple of decades.

There are emerging alternatives to both energy supply and tobacco that have advantages and drawbacks of their own.

It depends how far along the spectrum we have got and one's personal views, for me 'on balance' fossil fuels are still investable, whilst tobacco and arms are not.

ATB

Hi middleEastMoney,

Exciting numbers indeed !
However, there's the small matter of raising the funds to pay for our share of the associated capex.
I think the reality for ECO, as with most successful explorers, is that it'll have to leave a lot on the table for the next guy. Very few make a successful transition (from the shareholder perspective) from E to E + P, which apart from anything else require a different skillset, not least handling a vastly slower process.

There's a similar debate going on over at HUR atm, with (my opinion only), it perhaps being the exception that proves the rule.

Horses for courses, etc. I don't think ECO BoD are in for the long haul, they'll be looking for a great (not stonking) return, so that they can move on to other things.

I'd be hoping for £ 3 to £ 5, within 18 months.

ATB

ATB

Have a look at the 6 messages before your post.

HTH and ATB

Hi all,

Ashley Global has shareholder funds of £ 2.4M at FYE 2017, so won't be contributing much to the $550 M investment.

Sapro Mayoko's 23,000 ton shipment likely represents the sum total of shipments from the mine since 2018 : recall that the first 40 x 20 = 800 tons took a month to get to port ,......and the second derailed.

Up til now, Sapro Mayoko was looking for finance from the French, sounds like that's fallen through.....

The one constant is that ' there's enough iron for 100 years'.

Reuters' credibility has just taken a big hit, imo.

ATB

Source, pls. Or should that be : saws, pls ?

Meanwhile, in other ECO news, I see that luvvie Emma Thompson has just FLOWN in from Los Angeles to join in the demonstrations that want to enforce lifestyle changes to save the planet from global warming.

My carbon calculator says that flight will have added about 6 tons of CO2 to the problem.

" Do as I say, not as I do..."

ATB