Member Info for Jiving

Sold for nothing or literally nationalised for nothing - with Govt pointing to 14 years of continual failure to get the project moving.

Seriously I agree, just hope it gets a bid, otherwise - 'givenuphoping'

Exactly this my thoughts, "Hopefully all these discussions will trigger a bid for the company .."

There is no other way out of this for shareholders, otherwise its endless marginal financing to keep it bubbling over but never getting anywhere. The Congolese will take away the license before this prevaricating nonsense takes place.

Time to bite the bullet & accept literally 'any' bid for this wretched thing, before its nationalised.

Doesn't look like it to me, but of course these things happen in biotech shares. For example AVCT - a lot of suckers bought in there over 100p only for there to be a desperation placing at 50p & then all it does is still go down after that. Boy I would be mad to be one of those suckers, I mean why not buy now at around 40p - but no it still doesn't make sense, wait for say 10-13p & then look at it again.

Great link. My first take. Marty is far more relaxed & detailed. I will def listen another time before coming to final conclusions, it is released before our forthcoming end June statement so there maybe more detail there. Preliminary impressions:

1. Def a plan for going it alone, but even the FEER needs financing, so where does that come from & who will provide it?

2. Time scales are not pretty.

3. All this guff about benefits to Congo, integrity, boy scout stuff - I never see this in other mining presentations & I view 20-30 a year (mainly gold silver juniors in CAN/AUS). Are they making a play to get finance from a development bank, aid budgets where you have to put this guff stage centre?

4. Or is it just another negotiating gambit to convince a lowball strategic investor they need to raise their bid or this bunch really will try to 'go it alone'? But even then they need money for the FEER, & also Glencore where are they in this?

Hi Extrader, I certainly hope Elphick & Glencore are realistic when it comes to price/offtake haggling, but historically both have been hard core on these issues. It largely depends on whether we one or two serious bidders. If it is only one then our negotiating leeway is of course weaker, and the weakness of our position is easy to see. Trading at a laughably low share price relative to our asset, no chance of financing the project via equity raises, a difficult major shareholder who wants the offtake but doesnt want to take responsibility for developing/operating the mine (even if no financial contribution or risk!). We have no hope of developing the mine without a strategic investor & if we dont allow someone to develop this soon, it is possible the RoC will lose patience & give the licence to someone who can. So I see time as working against us & of course every additional year involves more dilution.

So I understand why Elphick/Glen are manoeuvring as best they can - putting out the new 2024 FS & getting Marty to try to drum up interest in China/Japan. But if the only offer in town (Saudis since early 2023??) is a lowball one, IMO we need to accept that sooner rather than later, we certainly don't want any serious offer walking away!

My fear as well, this "...my guess is that a combination of Glencore’s offtake agreement and Elphick demanding an unrealistic high price has scuppered any deal."

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.