RE: Ground hog day27 Dec 2018 19:30
They might go for Monday RNS "Project Update" that is the last trading day this year. They released RNS last year on last trading day. As a minimum I would like further progression notes on previous RNS's as expressly stated by the board;
"The Zanaga Project Team have made significant progress in testing a new form of iron ore pellet, produced using a lower capital and operating cost technology, the results of which have been announced to shareholders on 29 June 2018 and 7 August 2018.
Following the success of the cold pelletisation test work, Jumelles, supported by ZIOC and Glencore, has commenced a process to assess customer acceptance of these new iron ore pellets. This process includes engaging with steel mills who might become substantial consumers of this product. As part of this process, Jumelles as a member of the Glencore group has the opportunity to utilise Glencore's extensive Iron Ore trading network.
Due to the continued rise in premiums for high quality iron ore pellets, the Zanaga Project team also commenced the process of securing capital and operating cost estimates for a conventional pelletisation solution for the Zanaga Project. It is encouraging to see the progress that is being made on establishing the viability of developing this solution for the EPP Project, and initial estimates provided to the Zanaga Project team indicate that an additional degree of optionality could be available in determining the potential viability of the EPP project using conventional pelletisation solutions.
As indicated previously, the Company and its associate Jumelles intend to be in a position to provide more detail on the outcomes of the study work by the end of this year including an economic assessment of the viability of the EPP project."
Should be good news.
GLHLTH.
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