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Interesting that is is Arise & not AD Ports or a Chinese port entity. Especially given how advanced AD was in discussions with RoP. Are the UAE in or out of any consortium?

Also it is noteworthy that it is still ZIOC & Elphick/MK negotiating the MOU on behalf of the project & putting out the RNS . Does this imply we may remain a participant in whatever structure emerges once the strategic investor gets on board? The equity portion of Stage 1 (under $800m the rest debt/project finance) could potentially be raised by selling a 20% stake at Stage 1 NPV. Alternatively maybe we sell 50%+1 & become a minority shareholder using exactly the same structure we had when they did the original deal with Xstrata before the 2010 IPO.

Wrong again MM as ever, you instantly misunderstood my post 'thinking' it was focussed on the SEZ when it was clearly about the pipeline. You are quoting from a portion of the presentation I quoted myself re-Brazil - see my post @ 6.53. So my post actually takes all that information and matches it with Denis's speech where he puts the onus on the legislature - which is separate from the government which he controls. So indeed they have a 'process' but from his speech he clearly outlines problems for that 'process' namely & I quote from the President "...opposition by landowners have been obstacles to the implementation of a number of projects.." So it is & remains a serious question mark about land appropriation for the pipeline corridor raised by the President himself.

As ever when any subject is to complex for you, you resort to childish rants. Grow up.

Wrong again MM, I am a poster in a share discussion group discussing the issues concerning a share I am heavily invested in. I will continue to post & comment on the issues as I see fit and thats none of your business - you are a poster not a moderator. It is characteristically immature & infantile of you to try to present a post as 'damaging prospects' when actually it is simply a comment on an important issue raised by another poster. As pointed out before, if I commented on all your exaggerated & foolish posts I would be doing a full time job.As ever - grow up.

More pompous nonsense from you MM. Any rational reader would appreciate the topic of primary concern was the land for the pipeline corridor not the port - and that point still holds.

If you dont have anything useful to add to a post its best not to bother making a fool of yourself by emphasising how you missed a simple central point. If I responded to every foolish or pointless post you made I would have to spend all day & night on the job. Grow up.

This surely must shake up the share price - the two key MOU's - port & power - now both signed.

The key strategic investor (s) funding Stage 1 may well have been waiting for this to fall in place, and now it has.

Having a rational exchange about a crucial issue highlighted by the President is not scaremongering but having a rational discussion. Imagine being so narrow minded as not to understand that.

Https://www.londonstockexchange.com/news-article/ZIOC/port-development-mou-signed-with-arise/16805481

These are references to RoC land appropriation for the project:

Presentation on 2014FS - May 2014

"Well defined process for securing required land

– Appropriate consultation

– Single central government approval

- contrast to Brazil, where negotiations with hundreds of landowners required"

RNS 29.06.16 Mining Convention Ratification

"Land

· Agreement of the process by which land will be made available for development of the project"

Hi Extrader, his comments on the critical land usage issue that you reported earlier, make me think this is a current issue for him. It is also a critical issue for the project - one of the main/major causes of delay & cost overruns for Vale & Anglo with their Brazilian ore pipeline projects were heated, lengthy land disputes. It would make a whole lot of sense for a potential purchaser to have that issue resolved prior to making an unconditional offer (when they are not on the hook & therefore have negotiating clout) rather than pay top dollar for ZIOC and then seek to resolve all the key issues. In his speech he basically seems to be passing that hot potato to the legislators, which surprises me as I had always thought the one critical use/role Denis could play is that of 'Fixer'. (And if he cant/won't what use is he to anyone?)

To an extent this may also tally with Vet10's report of his convo with AT. I was frankly surprised that AT & MK were seemingly still heavily involved, my expectation was that at this stage this would be primarily in the hands of the lawyers. My stated hunch has always been that we (optimistically) agreed a conditional deal with a purchaser at the end of August, perhaps we/RoC are now having to meet those conditions prior to the offer going unconditional?

"Meanwhile, as we wait, Big Den continues his shuttle diplomacy"

Typical useless pol, he should be back home sorting out land usage issues for pipelines & ports - stuff that actually matters to his long suffering people.

Regarding the difficulty of land expropriation for projects, this is potentially a serious issue for any purchaser. If we assume a broad due diligence operation has been going on for several months, it is likely not simply focussing on legal issues (licences, etc) but also the practicalities of implementing FEER & Stage 1. Key among those would be land availability for a pipeline/port which is central to the project; from Den's comments in seems in practice that is not as assured as it has always been characterised in company presentations.

Great stuff Vet10 thanks for sharing. I love that he & presumably MK are entirely share price/reward driven. IMO he is 90% ZIOC because they are so close to getting it over the line.

Be interesting to see if/where P4CLA flies on from there or if it heads back to RoC?

Based on the updated 2034 FS/

And the share price doesn't move. Anybody who thinks they are going to be able to get in after the RNS is going to be in for quite a shock!

What are the chances of another red dot today?

Thats a record time, they are really pushing ahead with 'stuff'. Looks like the 8.00 meeting wasn't just to put off Pis but to get on with a full day's business. What else are they going to be doing today?

Yes the early hour makes it highly unlikely anybody will attend. He may even have the full Board present in person, which would then allow them to fast track subsequent business once the AGM is out of the way. And as you note a full working day in the City, given they have had some 5 months to prepare everything we surely have everything in place awaiting a sequence of synchronised approvals & signatures.

Yes that's clearly his game MM. Get all the annual AGM renewals out of the way, so they cannot be challenged or disrupted in any way. Then the usual Results RNS will come through today or tomorrow - timing will be interesting. Then he is free to call a GM at a date & time of his choosing (of course the purchaser may want to time an announcement for their PR/IR purposes). The Glencore transaction GM RNS came through the day following the AGM, ie on Friday 25 November after trading hours at 16.36 UK time.

Interesting stuff MM, particularly as the 'buy' side including Elphick/Glencore was also in charge of the 'sell' side namely the ZIOC board. Not that it in the least bothers me, as I assumed it was all about securing the arithmetic votes necessary to get to 75%+1 which means they can offer counterparty an entirely legal, guaranteed 'done deal'.