Member Info for G_G_G

Agreed extrader. All that matters is an agreed independent audit firm was engaged. I'm hoping this means costs are quickly and easily approved. But then again this is nccl where quick and easy aren't really in our vocabulary. Knowing our luck the audit firm will end up being sued for corruption in the weeks leading up to approval.

Could we possibly have two blue days in a row, without news... C'mon Tony, it's been quite a few months without a deal given you've been on the phone every day to AE. At least give us another permit approval.

I raised this controversial viewpoint years ago but was shouted down by MinorMiner and his cohort. It's an interesting question - What's to stop this company being taken private for next to nothing? I know it would look terrible from the outside, but since when do people who have offshore bank accounts and trusts care about PIs (or tax payers for that matter)?

Thoughts welcome. Extrader, it would be good to get your thoughts on this matter.

A nice little bit of buying pressure today. Hopefully a few more days like this before news lands.

I've also been saying we should get to the 6-7p level if Hanno can deliver all the other news due i.e. historical cost audit, the market study submission, and confirmation the tariff approval will occur in Q4. We now need to add that GE is still committed to the project. If we can get these news items in the coming weeks then we'll start to get a bit of confidence back in this company and a continued upward trajectory. The tariff however is the big de-risking event that will move us back to the 10p level. It lets us know Moz is committed, which until recently was the big question mark that needed answering. I think the GE news has spooked a lot of people, myself included. So if ever there was a time for Hanno to start delivering it's now. Anyway, good news today. Let's hope it continues.

Well done Caterham, you took my shares and lowered your average :) Fortune favours the brave! Excellent average as well.

Extrader, definitely a more polite way to put it. Sorry to hear about your stop loss being taken out. Although I'm feeling perkier, I'm definitely still feeling uncomfortable. Time for Hanno to give us some good news.

Thanks JDT. Have to say I didn't have the best sleep last night. Full disclosure - I sold 500k in the ****storm last week and was about to start unwinding this week if we hadn't received any concrete news on the project. Happier with my 3m now, but still feel quite exposed. You spend all your time worrying about 'Africa', then 'China', but the last place you expect the blow to come from is a struggling, capitalist machine like GE. It's the punch you don't see coming that always does the most damage. Anyway, hopefully the technology issue is now put to bed (either way) and Hanno can start delivering all the positive news that's due this month. Just 2 more days if Hanno is to deliver against his own timelines.

The historical costs are due this month. As is the market study submission. As is the binding EPC & O&M, however I doubt that's going to happen given the mess that GE have made. As is an update on the tariff negotiations. Keep in mind three of these pieces of news were due end H1. So yeah, the company should be providing some news soon.

I don't think anyone will be buying at this point given the uncertainty around GE and the possible implications for the project. Most believe the project is safe. It's more a matter of whether timelines will be negatively impacted by having to change technology supplier. This would be significant and would anchor the sp for sometime (yet again). I've been saying for some time the most important piece of news due this year was the tariff approval. I'd say it's now confirmation of GE as our technology partner, and then tariff approval. Anyway, let's hope for some positive news next week. We all deserve it!

Agreed but the GE news is critical to hitting the 6's. Incredible how this came out of left-field. They need to get GE to honor their commitment!

Whatever happens with GE the next RNS needs to be positive. Hanno needs to drop the historical costs announcement given formal EPC & O&M submissions have yet again gone astray. It would hep if he could announce the market study submission as well. Get them done Hanno!

Are they the placing shareholders buying back their shares. Just having some fun CF :)

Really does test the nerves. Hanno needs to pull his arm out of his @ss and give us something. And when I say give us something I don't mean confirmation that GE has pulled out. He needs to release some good news. Like the news that we've been waiting on for months. The fact SHATS did nothing for the share price should be a sign to Hanno the market has lost patience with his missed timelines. We need a couple of pieces of good news to push us back into the 4p territory. Then Hanno can tell us that GE is no longer a part of the project and 'not to worry'. If he releases the good and bad news at the same time then we'll drop. Hanno clearly doesn't have a good read of how investors think given his little escapades with our money and his brother's company, so hopefully he can read this board and get an idea of what to do with the updates he owes us.

Thanks fellas. Much appreciated.

Can someone post Andrew Trahar's contact details?

Just to be clear fellas I'd say that not believing the placing shares were dumped yesterday is wearing rose tinted glasses. I say this because the placing shares are held by people far closer to the company than us. If they were dumping their significant amount of shares into the market yesterday (alongside panicked PIs) the sp would have collapsed to under 3p. It would have signalled to me the project is about to implode along with the company. So I take it as somewhat reassuring there hasn't been that extra volume driving down the SP from placing holders and we bounced off support.

Round numbers mean nothing CF. I always buy and sell in round numbers (and hold in round numbers as a consequence). On volume you are correct, however the volume that accompanies very good or very bad news is normally 10m+. This was in the bad to very bad news camp and the volume was comparatively low. Having said that I don't see 3p placing shares being churned at 3.5p when they could have been churned for weeks at 5p. These shareholders know the base sits with them. So unless they believe the company is going under, they are not going to sell their shares at a level where it's hard for them to lose. To this point, if I didn't hold 3.5m shares I'd probably be buying more right now. The project will go ahead. It's really just a matter of whether GE has thrown a spanner in the works and revised timings as a consequence. On timings, anyone who know this company also knows that timing plans are a f'ing joke so although you won't lose money at 3.5p, you may be stuck here for another year before Hanno can find his elbow. AIMHO. GLA

Main thing is sells are being absorbed with solid buying and we don't see a drop-off at close. Today looking good so far but could be another 15-20% trading rinse / repeat. The nut to crack is 2.7p. If we can have a weekly close at or above this level then we may just enter a new range. News of course is what we need.

Sooty, you're probably right about the next update - I've mentioned this previously as being likely. However a 'non-update' doesn't mean there's nothing going on. I simply don't believe that ZIOP and COIDIC have signed an agreement then done nothing for the past 10 months. What I do believe is COIDIC is doing it's due diligence on the project before it sits down with one or more Chinese majors to come up with a number. I occasionally go back and read the Dec 19th COIDIC Framework Agreement and what it covers to check if this could be the case. To me it covers a number of bases, but the last point I find particularly interesting and supportive of my view:

'The parties intend to develop a joint initiative to introduce funding partners for the Zanaga Project and its related infrastructure, with the aim of securing debt and equity financing'

As many have said it's not a matter of 'if' but 'when'. I intend to be here for the 'when'. It's just a matter of how many shares I hold when the fireworks begin. GLA

Hi CF, as always I hope you're right. As for placing shares being churned, this is something I don't believe happened yesterday. The volume wasn't particularly high by historical standards, especially for the bombshell news we received. If placing shares were going into the market I'd have expected 10m+ volume and we would have dropped below 3p rather than bouncing off support. On top of this, why would someone offload their 3p shares at 3.5p when they could have done that at 5p for weeks - It doesn't make sense. I think you'll find they were PIs and that's it. I admit I looked at de-risking yesterday but could only manage quotes for 3.25-3.4p for 100k volume. Hardly worth it. Good news is those who are closer to the company didn't **** their pants and dump their stock.

Simple fact is Hanno needs to step up and deliver all the news that has been due for some time this month. If he breaks his timings yet again, in this environment, with the recent bombshell, then we'll certainly be testing our 3.25p support. He needs to deliver!