Member Info for Jiving

And until it is confirmed otherwise, Art is still CEO of COPL America & therefore 'responsible' for those latest KSV report amazing figures. It just shows how quickly things can be turned around when you want/need them to be.

Extrader, thanks very useful to remind us of a key strategic investor Marden's investment objectives. I see you capitalised the key phrase here: "..... long term PARTNERSHIPS WITH WORLD CLASS OPERATORS.". Of course this is a simple requirement for all professional investors in a world class greenfield mining project; you have to have it developed by a WORLD CLASS OPERATOR not by a start-up. ABC.

Is this them?

"CertiQi eases world trade and creates trust through pan-global transparency. "

Zanaga Iron Ore @Zanaga_Iron_Ore

Dec 20, 2023

Pleased to confirm that #ZIOC’s CEO, Mr Marty Knauth, and other members of the ZIOC team will be at the #FutureMineralsForum in Riyadh from 9-11 Jan 2024 to progress engagement with strategic partners

#steel #ironore #China #SaudiArabia #FMF #Zanaga #RepublicofCongo

Oh, Danny girl, the charts, the charts are calling....

You are stuck in a share you dont have a clue about

This really made me laugh at your cluelessness, this is a negligible volume share not a trading share, entirely dependent on a corporate event (buyout/buy-in) - all your chartist gibberish is irrelevant & just means you are stuck in a share you dont have a clue about. No wonder you are so desperate, so sorry for you losses!

Thanks Older & Soup for the v useful info you provided on the EU orphan process. If we get it surely thats a positive & we certainly need that.

Danny - as ever incapable of posting anything other than abuse of others posters who actually contribute to the board. Never seen you add anything remotely useful to this investment forum. You dont like my posts its easy to block them, a child could do it - so if you need help you know where to turn.

Shaun, I do not take it as a sign of anything happening soon that he does an interview visiting investors in China/Japan, if there were detailed negotiations with them he wouldn't be going public. Only a month to go before we find out about 2024-25, then we will find out about future financing & whether the final part of the outstanding loan needs to be repaid end July. And no I did not find Marty's interview remotely inspiring - perhaps you did, you wont find me criticising you for it: because this is a discussion form not a propaganda channel.

Agreed I am uninspired by this week's events, already at the bottom of the first bottle.

Ex, I am getting lost here who is Livov and what role might he play in this?

Yep AWS you cant just leave that hanging, what do you mean?

Mitch I am in agreement with most of your points. Regarding ZIOC & the Saudis the communication I was thinking of primarily was the tweet of 20/12/23 that specifically linked MK to Saudi strategic talks: "Pleased to confirm that #ZIOC’s CEO, Mr Marty Knauth, and other members of the ZIOC team will be at the #FutureMineralsForum in Riyadh from 9-11 Jan 2024 to progress engagement with strategic partners".

The 2024 FS reveals a stunningly attractive project that is hitting the market at exactly the time major global players are gearing up for green steel. My sole issue with the current project structure, is that I view the Marty start-up as being completely unrealistic for a project of this scale. Strategic investors would prefer/need a major global mining company with experience of working on vast projects in the developing world. A global miner brings two things, first a corporate commitment to getting the project done ie its putting its reputation on the line. Second bringing with it a wealth of institutional knowledge & experienced management teams that have worked together on similar projects. It also begs the question that if a strategic investor coughs up the equity finance why doesn't Glencore step up for this role as it would not involve any financial commitment beyond dilution?

The Marty start-up seems to be a gambit to get the project details in front of the key players in the hope of getting an attractive buyout offer (or ideally competing offers). The successful buyout team then bring in a global miner as developer/operator & I agree with posters on both boards that Vale looks to be the ideal company to play that role. Crucially it has excellent relations with the Saudis, Chinese & Japanese. The Chinese may wish to go it alone & make the entire project Chinese operated from mine to port - a possible reason why there is no port MOU announcement is to keep that role open. So in summary its a very attractive project hitting the market at just the right time, which will hopefully draw in serious buyout offers.

As yet no sign of the Earl & his wisdom?

Not sure it speeds things up ATG, rather the reverse, IMO they are seeking multiple competing bidders.

The sceptic in me thinks this message from Marty is not primarily aimed at us but the Saudis, to let them know the proposal is being given to major Asian players. Similarly the Twitter message around New Year that the ZIOC team were in Saudi, was primarily aimed at the Chinese/Japanese & not for our benefit.

Yes: "Or just sell the whole shebang."

Well Marty finally emerged, he has recently visited China & Japan.

I also see the slippage of the strategic partner MOU end Q1, as being due to external factors but that could also be due to other bidders entering the field thus complicating the process. Something that is positive for us, the whole FS was tilted towards China, they have the power MOU & they could certainly do with (all) the ore. We simply don't know the cause of the delay or indeed whether the end Q1 target date was specifically designed to draw out bidders by signalling the end game.

As we approach June we are certainly running on fumes, three ways out: T3 ; an investor announcement; or use some of the headroom they have on the loan ($1.8m facility but just over $736k outstanding). Per Driving the loan has indeed been extended twice, but each time that was accompanied by a substantial repayment - $463k by end December & then another $700k by end March, leaving a balance of only $736k currently outstanding.

Indeed I estimate approx 55% of T1 & T2 went on repaying the loan, which is odd as of course that means it was repaid via dilution which affects Glencore's stake. The pattern of the two prior extensions was substantial repayment coupled with extension, such that only $736k is outstanding, an amount similar to the last repayment. I would hope if we are in the final stages of a bidding or haggling contest, Glencore are reasonable & cut us some slack; but whatever 'something' has to happen in the next few weeks regarding company finance.

I remember all the optimism we shared this time last year - which was also then (unlike now) reflected in the share price. With hindsight it's now clear we have been delayed around a year, by the production of the 2024 FS, but with the resulting NPVs being set some 80% higher our hope must be that is reflected in the final price. I also share Drivings take that the end result is now more likely a buyout rather than a buy-in, but at the end of the day I will be happy with either.

Good to hear people are increasing their ZIOC holdings Bear, hopefully it will prove a good way to recycle profits.

Hopefully the KP2 boom will result in some capital flowing back here. Congratulations to anyone who successfully traded between ZIOC & KP2 & ended up boosting their ZIOC holdings - thats what markets are all about - unfortunately its a trick I never mastered.

Driving, an arithmetic twist. If the project is trading at around 0.7% of it's NPV. Then 100x that would be 70% of NPV, which tallies neatly with JackShaft's analysis, which suggests a project at our stage should expect to fetch around a 30% discount to NPV. However you examine it, the share price does not reflect the reality of either the theoretical NPV or the sequence of events that have taken place over the last 18+ months.