Member Info for extrader

No.

In fact, as I mentioned a while back, I was in business development for most of my career in finance - which pre-supposes a basically positive outlook, otherwise you'd never write any business.

And I wrote a lot of business.

The thing is , any fool can grant a loan, it takes a banker to make it likely you'll get it back.

HTH and ATB

And here's another one for you :

Why the breathless excitement about 'improved road network in Congo-Brazzaville' that will supposedly facilitate EPP , when the only road referenced, the NI

(a) was upgraded 3 years ago , per https://www.egis-group.com/action/realisations/national-road-no-1-congo, all that's changed recently is (?) ownership and tariffs; and

(b) the road runs between Pointe Noire and the capital, Brazzaville ie nowhere remotely near Zanaga.

If there's capital equipment to bring on-site, would it not make sense to use the existing, proposed (working) export route via Gabon, in reverse ? Apart from anything else, that would support 'proof of concept' and generate a 'snag list'.

Time to play " You say it best when you say nothing at all " ?

ATB

Hi OliverJames,

Never let the facts get in the way of a good story, eh ?

Today 0908 am : "Hard to know how reliable this report is, but it does suggest that serious efforts to break the logjam are underway."

Followed by today 1346 pm : "ZIOC has a good story to tell, but as yet no 'new news' that is confirmed, so there's no compelling case TODAY to buy..."

Some people may have trouble joining dots, others seem to find even joining letters a challenge.

Rather than try and 'play the man' - and not particularly skilfully, as you can see - maybe you'll ask yourself / care to share why you give weight to an improbable and ill-thought out flight of fancy ?

ATB

Hi all,

I see posted elsewhere that "informed speculation suggests that GLEN/ZIOC's plans for Zanaga now consider production of 40Mtpa, utilising the full design capacity of the new mineral port....

this seems to be a somewhat ambitious 'joining of dots' given that (1) the design dates from January 2014 and that (2) the article specifically mentions that the new port is intended to be used by ALL operators.....

Sapro Mayoko , for one, says it is currently producing 3Mtpa, with a target of 5 Mtpa in the near term (and an unbelievable 150Mtpa in due course, according to some sources) and would have an interest in using the new port, to say nothing of potential exports of copper, lead, zinc and bauxite.

Suggest we walk and join the first dot to EPP, before a wildly speculative leap to a dot somewhere beyond Phase 2......

ATB

Hi Mitch984,

You write …" I can't get my head around what must be long term holders selling …"

I think there are usually many more reasons for selling than for buying ! From the personal (divorce, urgent bills etc), to the macro (Brexit , realisation of loss for tax purposes etc), to the general : better (short term) opportunities elsewhere....

ZIOC has a good story to tell, but as yet no 'new news' that is confirmed, so there's no compelling case TODAY to buy.

Let's hope the IP delivers the/some goods, as someone has commented, whatever it is it's likely to be drowned out by the Brexit kerfuffle. Even the twitterati have been distracted....;->

ATB

Hi all,

The IMF seem to be toggling between C-B's China debt and its GLEN/Trafigura debt, needing both to be addressed for any successful debt restructuring to go ahead.

There's been lots of (local) press comment that suggest there's the making of a deal on the C-B/ China side, now here's something on the C-B / oiltraders side :

https://www.africaintelligence.com/aem/oil/2019/03/12/glencore-and-trafigura-s-schizophrenic-gameplay

It claims that there have been parallel negotiations between the traders and the PM Mouamba's office and (quietly) between them and the SNPC (Ominga) and the Min of Finance directly, having sidelined Lucien Ebata (se previous).

The article says that Ominga and Nganongo (MoF) have lso met with the IMF in Washingtonand that …

"With support from the ministry of finance and budget, Ominga is on the verge of reaching a compromise with the two traders...."

Hard to know how reliable this report is, but it does suggest that serious efforts to break the logjam are underway.

ATB

Great ! Hopefully you've sold out pro-tem and will only be back at month-end.....or later.

ATB

Hi all,

From adoubleuk's speculation

…"it's probably cheaper just to maintain slow headway, going back and fro in the vicinity, rather than anchoring up...."

If true would show the lack of 'joined up thinking' re the environment, considering the effing great windfarm just a short distance away....

;-<

ATB

Hi Sootysnipes,

AFAIAA the Investor Presentation has only been RNS'd, so most of the people aware will be those with a 'pre-existing condition' ie already involved / interested...and maybe already at their prudential limits or whatever.

So , where's the buying pressure going to come from ?

The s/p will go up if/when new blood/money gets interested in the story. We'll know things are serious when the BoD start doing the rounds of the brokers and II's and when we see the post-visit write-ups start to appear, a lagging indicator.

A useful first barometer for us regular Joe's will be to see how many 'suits' come along to the IP.....

We have a good story to tell, a bit more 'selling' by the Company - and public (not implied) endorsement by GLEN - would be helpful.

ATB

Hi troken,

She's been retweeting uncritically ie without engaging brain, for some time.

There's another Victoria Dixon on twitter, but she appears to be a pornstar in Barcelona. Or maybe just the day - job ?

"Viewer discretion advised "

ATB

Hi daltry,

Thanks for this !

TBH, I'm surprised that the Sovereign Wealth Fund of a state deriving most of its revenue from oil would be invested in other oilco's in the first place.....

I wouldn't invest / save in my employer : all my eggs in one basket ?

No, sirree !

It MAY turn out to be diworsification, but it's also basic risk management....

ATB

Hi all,

IMF agenda shows the only scheduled meeting as Myanmar on 15th March (nothing before) , hopefully the IMF Congo rep is finalising his recommendations.

ATB

Hi Afric,

I'm genuinely sorry that you feel this way.

From a quick look at your posting history, I see that - on this board at least - it's been exclusively about ZIOC ….and that you make passing reference to having been involved with the site in some way even pre-IPO.

So I understand that my comment to Ironic

…"Being on AIM for the last 9 years was pointless ! . Even worse than pointless !! .[ Hindsight investing always makes things seem obvious! I'm pretty certain the promoter shareholders didn't expect this long a haul. Stuff happens] .....

may have struck a raw nerve.

Many of us - me , certainly, to my cost ! - have fallen in love with a share or a woman...and then been reluctant to revise our expectations in the face of other opinions or dispassionate reappraisal.

I think the timing of your 'shooting the messenger' is also inappropriate : I'm more encouraged now about the prospects for an early, positive conclusion to this saga (I'm only in for the last 3 or 4 years, at a guess) than I have been for some time.

And you're wrong about the extent of my investment : I've never claimed that ZIOC was significant as a %age of my investable funds. At the time I wrote it was the smallest of 3 in the mining sector, the others being a silver/gold producer and a lead / zinc scavenger, and the only one that was greenfield; all 3 together represented around 10% of my portfolio. I've since doubled my holding...and bought some for my grand-daughter, both reported at the time.

My exposure is limited to the 'fun' end of my portfolio, because I see ZIOC as 'high risk / high reward'...and I spend disproportionate time here because, frankly, it's more complex and interesting than most of the rest of my stuff.

I also think you'll find, if you think about it, that I've been more open and frank about MY investment in ZIOC than most of the people who profess take umbrage at my comments.

It's a funny old world.

ATB

Hi Ironic,

Well, ZIOC doesn't have much of a track record for giving fixed dates , so there isn't much precedent to go by as to how the s/p might react in the run-up to the update event.

If I look at a sector I know a little better - oilco's - it's well known that there's often a run-up in the share price before the outcome of a drill is known.

Some traders take advantage of that, to make a 'safe' turn by selling before results are out , in the expectation that - unless the actual news is spectacular - there's a good chance they'll be able to buy back in again at a reasonable price anyway.

Hence the stock market adage : " Buy on the rumour, sell on the news"

Because the MM's are aware of this trait, they may try to position themselves accordingly.

Note : this is in REACTION to what PI's are known to do. Less scrupulous MM's (and some traders) may try to tilt the market by playing on people's Fear Of Missing Out aka the dreaded FOMO.

As allthatguff , I think it was, pointed out, MM's make their turn on the spread, they are unlikely to want to take a house position (esp. in an illiquid share like ZIOC) in case they find themselves on the wrong side of the trade.

HTH and ATB

Hi Afric,

Welcome back ! Long time, no post.

Re 'people with an agenda', it's not hard to work out : I've no particular insight, they're quite open about it. See the twitterati establishment guidelines from last September :

…"Rest assured all info will be tweeted out to boost the ZIOC investment case...."

and

"... I will try and ensure that the group retains the most active researchers and, as such, I expect there will be some 'toing and froing' of members over the next few weeks...."

ie only those toeing the Party line can expect to make the cut.

A bit Orwellian, dontcha think ? Certainly sounds like an 'agenda' to me, but WTFDIK ?

ATB

Hi Ironic,

My reply wasn't 'damp' - unless you're of a particular mindset : it was factual.

If you look at the immediately preceding post, you'll see that I'm actually quite positive re the outlook.

What prompts me to comment - here and elsewhere - is when people post inaccuracies, through ignorance, carelessness or because they have an agenda.

The mere fact of having spent money is irrelevant, it's what you can actually do as a result. The NHS spent £ 12 billion on hardware and software for a new product ….and have had to write it off as useless. Google spent about the same amount …..and came up with the thing we call a 'search engine'.

I've been invested here longer than you, from the look of things, and am certainly not an MMs puppet. And if you read some of the other posters here, you'd have learned that the MMs have precious little influence on share price movements.

Rampers (and derampers) are another matter ….;-<

It's sunny outside - enjoy the weekend !

ATB

Hi Ironic,

Comments in parentheses :

…"Going on our AIM launch M Cap £437 million and Glencore 50% buy in [Incorrect .No GLEN buy-in : they bought Xstrata and Zanaga came with it].

This has had over Half a BILLION. Investment so far [ Incorrect. Something around US$ 200 million, maybe less]! . Since then it’s has had its resource increased by 57%

...So in theory it should be a worth Billion now [Incorrect, see above. In any case, half a billion x 1.57 isn't a billion].

Then the grade doubled ...so should be worth Two Billion now [Incorrect. See above]. We get the environmental permits and licences on top of all that .

Then we prove a cold pellitisation process which will save money[ Incorrect, we haven't proved anything that is commercially - as opposed to theoretically - working] .

Absolutely nothing has been factored in to the market value [ Correct - because it's all intangible up to now] .

We are probably the only share on AIM that has not been diluted just not rewarded any value at any stage .[ Incorrect : when people were feeling bullish/irrationally exuberant, the s/p reached £ 2.08 - in Jan 2011]

Being on AIM for the last 9 years was pointless ! . Even worse than pointless !! .[ Hindsight investing always makes things seem obvious! I'm pretty certain the promoter shareholders didn't expect this long a haul. Stuff happens]

It's good to vent once in a while. It's also good to chill ;->

ATB

Hi all,

There's a bit of a rampathon in twatterland atm, with unsubstantiated speculation that Ivan's met up with the IMF in DRC/C-B to cut a deal, as 'evidenced' by the 'remarkable similarities' between ZIOC's RNS re presentation and GLEN's RNS re investor update a few months earlier...

Puhlease ! Firstly, there's only so many ways you can word an invite, so it would be understandable (and hardly significant) if someone were to cut and paste wording from a similar exercise cf the earlier 'stock photo' argument; second, the RNS's are actually materially different in important respects eg GLEN's presentation (+ Q and A's ) will be available post event on their website, unlike ZIOC's....

As part of this campaign of 'positive research', peeps are being invited to guess how long before our shareprice matches GLEN's £ 3.10 , unabashed that over 80% of respondents had guessed wrong on another recent straw poll - when would the IP RNS be released.

Meanwhile, the 'hot news of the day' of a week ago Black Iron Resources (TSX : BKI) :

Remember this, from 21st Feb : …" #Glencore news [ed.: re offtake and poss. finance] saw #BKI surge, gaining 35% and ending hard up against the 2018 highs - a gain of 155%+ from recent low point...." with implications of clear read-across to Zanaga.

The 'surge/high point' then ? CAN$ 0.115.

The price at cob Fri 1st March ? Back to CAN$ 0.07.

Oh, well.

ATB

Hi Ironic,

…"I only hold two shares ZIOC and YU."

I don't think it's helpful to your case to mention these two co's in the same sentence...

https://uk.advfn.com/stock-market/london/yu-group-YU./share-news/Yu-Group-PLC-Findings-from-the-Accounting-Review/78924664

Good luck with BOTH investments !

ATB

Hi again, Ironic,

…" let’s hope the BOD stick it to the market and go private …."

Are you for real ? That's probably one of our biggest risks, a tender offer on the cheap.

ZIOC's free float is likely under 10%. Major shareholders could make a tender offer at, say 25 p or 50p (which would get some takers) and then delist, freezing out the PI's.

See https://www.investopedia.com/terms/g/going-private.asp for the general principles

And what freezing out entails : https://www.investopedia.com/terms/f/freeze-out.asp

Key point : ..."In a typical freeze-out merger, the controlling shareholder(s) may set up a new corporation that they own and control. This new company would then submit a tender offer to the other company [ = ZIOC] hoping to force the minority shareholders [ = us] to give up their equity position. If the tender offer is successful [ which it would be, being supported by our controlling shareholders]l, the acquiring company may choose to merge their assets into the new corporation.

In this scenario, non-tendering shareholders would essentially lose their shares as the company [= ZIOC] would no longer exist. While non-tendering shareholders would generally receive compensation (cash or securities) for their shares as part of the transaction, they would no longer retain their minority ownership stake....."

Be careful of what you wish for. I don't think you've thought this through....

ATB