Member Info for Feeks

I'd take 30p. It's a profit!

Me too, Catbert, at this juncture no need to speculate - just wait for news on or before 18th March . Not long to waiting.

Significant buying.... pathetic comment.

"We will now launch a formal process aimed at assembling a project funding and execution consortium"

This for me is why there is so much upside after today. What chance thse guys will fail to run a successful bidding process....? They only have to complete the engineering and operating model design to get this started. The green steel market is crying out for projects like Zanaga.

It goes something like this:

"Thank you for your continued patience...... This deal took many months to negotiate...... It greatly advances the financial viability of one of the world's last major iron ore projects ....... Long term holders can now look forward with confidence to the company securing a strategic investment..... We are all working hard to bring the mine to production with a minimum of dilution so that LTH can share in the prosperous future of Zanaga mine."

i.e. LTH will get their rewards....!

I think you/ we all know the answer to that!

I reckon this will now be the crucial entry point for an early lift off.

GLEN exit. Looking at it the other way, if you will -

GLEN didn't want to be involved, they've said that for years. If GLEN wanted out without a strategic investment route to production, then they simply had to accept a low ball offer, didn't they? No position to bargain. Just like any retail seller trying to shift shares in a project which has been going nowhere for a long time. But now the significant new investors are here to take it forward so on reflection I think we ought to be safely looking at a 8-10p base (maybe rising on hopes of other 'excitement') as we wait on further news. The parties now involved will bring new investment eyes on the prospects here. DRI market is clearly moving to its own beat and lots of M&A being done.

Hopefully we will see 10p as the new base.....? We are moving forward, after all, and at last, with significant shareholder endorcement. But another good example of why choose to be a long-term holder in AIM shares when the best time to invest is post funding

The bad news is no instant riches and probably a share price around 5-7p....?

Https://m.youtube.com/watch?v=U8zqhwF46LE

An interesting interview especially the early bit and roughly from 14:48 onwards which puts DRI and Zanaga opportunity into their market perspective. The Champion Feb 2025 newsletter is out too. I can't seem to paste it

Binding Solutions delivers first batch of cold agglomerated pellets to a major European steel plant.

We are poised to play a major role in enabling green steel at scale.

https://www.linkedin.com/posts/binding-solutions-limited_greeniron-greensteel-greentechnology-activity-7300436413857091585-gNJF?utm_source=share&utm_medium=member_android&rcm=ACoAAAK8z00BIE4z2P5dP9qYYn1GMlIMfBDl6MU

Ryan Maughan has been a regular buyer of shares, including at recent higher levels. No-one on the Board is mega wealthy, but they have all invested with a good stake held in the business,

Ps. Post gets plenty of thumbs up from Elopak. Video of production line in operation. Check it out.

.... Eventually!

On Linked in : https://www.linkedin.com/feed/update/urn:li:activity:7298260090216742912/

Last week, the EU enacted into law the Packaging and Packaging Waste Regulations (PPWR), designed to build a circular economy in packaging by:

- Increasing the use of recycled content

- Driving up recycling rates

- Penalise the use of materials that are difficult to recycle and/or cannot be circular.

In the absence of a radical solution, LPB Aseptic cartons are “off market” in Europe by 2038.

A solution? ReZorce® Circular Packaging - a mono-material alternative to composite beverage cartons - which meets all the criteria of the PPWR and other, similar legislation coming into force around the world. Best of all, it’s produced using existing equipment and processes with only minor, reversible modifications (watch the video to see how it’s done).

Nice late surge. Got to be worth a punt given that any decision announcing that a structural partner has been willing to commit c. £22m of FEED funding, and at the same time, who is granted an Option (?) over the development project on a discounted NPV basis, would have the instant effect of narrowing the NPV discount to roughly the same as it was soon after AIM flotation (approx. 12 years ago). This equates to a share price rise by a factor of 8x and this news could land any time before 18 March.

Not outlandish at all. There's an old report around 2011/2012 putting £3.60 valuation based on a reduced discount to NPV on the expectation that the then Strategic partner (Xstrata) would fund the FS and would be ready to exercise its option to put the project into full implementation phases. Overall market cap then was just shy of £500m

Never forget though, it was a great deal for the Directors !

Thanks for the replies Mitch and Driving. I'm staying the course!

Ok but please talk me through that thought Mitch. Why did "trader" Glencore ever want it on its books,

without an obvious ambition to develop...?