Member Info for Kongolasse

Marcusg71, a lot is happening in the market, yes, and perhaps even in ROC.

But ask yourself this: has anything noteworthy happened in ZIOC for the last 5-6 years?

No, not really. Xtrata/Glencore and Nguesso&Co have wasted a hell of a lot of time and opportunity.

The market is moving again, but until ZIOC is officially part of a deal, it's all hype, hope and wishful thinking.

I've held since.... eh... 2012? ... it's there, solid in the bottom drawer.

GL. GTA.

Good points Mitch984 and Extrader as always.

Perhaps I'm too cynical, but as much as I like the macro picture, we've been here for years.

re-costings, modelling, consultants, etc... all fugazi.

What I'm waiting for is true news announced from the company (or ideally from a 3rd party about Zanaga specifically)

Shovels in the ground..., and so far I aint seeing them.

More patience clearly needed.

GLA.

-GTA.

The problem we have is we're grasping at straws with the 3rd parties making deals left right and center thinking "this time it's about ZIOC, surely?" yet it never is.

Excellent stuff AGEOS! much appreciated!

I hope SB has a plan for the remaining 30% of Pitfield that were not yet acquired (of Century Metals PTY)

Before this goes ballistic.... :)

GLA.

Doesn't that just signal that there isn't a deal on the table?

If there was an imminent deal, then NO ONE would agree to a 6-11% dilution, Glencore and the majority shareholders would have pitched in if needed instead of this.

I see no signs of ZIOC being a central part to anything at the moment. Granted the big picture is looking up for ROC, and a huge need to get greenfield projects off the ground, but until I see shovels in the ground making export possible, I fear this remains as mothballed as a Dodo. Happy to be proven wrong, but these shares remain in the bottom drawer since a decade...

Formerly, I agree they are side shows, but it's all we have to go on at the moment. Finding trace-amounts of copper is great from a academic point of view, but it does absolutely nothing for the bottom line unless we're talking commercial grades. So far we only know where the copper isn't. And that's not very helpful.

Now on the other hand, IF the titanium or to a lesser extent the kaolin were to be commercially attractive, it could provide a boost to keep looking for the copper. (or enter a JV/sell out)

But what I can't get my head around is; is this a slam dunk for globally significant Titanium resource, or a "meh, could have been interesting if it was a decent %age concentration" moment?

Is 4-5% TIO2 commercially attractive or not? (forget the vast scale for a sec and imagine its 1x1Km2)

Are there any other similar resources being mined with this concentrations? Anyone?

GL

That's the real question. Are the grades announced so far commercially attractive or not?

I note that your "Capital Metals" is a totally different project.

Does anyone have info on a similar one to EEE's?

Cheers and GL.

I for one won't.

Not to pour cold water on our collective hopes for a conclusion to this decade long binary bet, but It's exceedingly unlikely that you'll see substantial fireworks in the yearly results AIM RNS... At best there might be some hints of progress, but nothing earth-shattering. -if there were earth-shattering news they would have had to release it separately.

And as the SP has risen tenfold in the last few months they've had continuous opportunity (and duty) to realease any possible news -and they haven't-.

So, for me, the odds of anything of significance being released on Monday morning is very very slim. Def not enough to set the alarm and be awake at such an ungodly hour.....

GL, GTA.

P.s. Still holding on for good news, but I still expect them to be released in full public view by Government or 3rd parties as part of a much bigger deal than just Zanaga. Fingers crossed it's this year. Long overdue.

Great idea Extrader! Lets hope this is finally the year when things start moving for Zanaga, it's long overdue.

82p GTA5 U24.GOV.UA 5%

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120p SolomonB BirthLink 2%

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141p Driving Christian Aid/Congo 5%

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250p TheDealBreaker Hinckley Homeless 1%

285p HappySwinner Alzheimer Research ?%

342p nibj ?Congo humanitarian 5%

It's a quick C+P job every year, yet still they leave it to the last minute. ;)

The forums have always been full of people with high hopes that the silence from MGMT is because they're all under NDA, or in a closed period, or because they're so close to finishing negotiations etc etc... but the sad reality has been that it's mothballed as a project under Xtrata/Gelncore and now it's two decades of lost opportunity (for investors of course, but decades lost for ROC and its fortunes and its people....)

Here's to hoping that the time has come.....

GLA.

4kandles I think you're right on the mundane process of issuing mandatory RNS/Reporting.

As hopeful as I am that this is finally about to take off to the races, Im wary of false dawns and missing the heavy and buying of friends and family, associates and acquaintances...

Not that crazy.. It's been around since 2010 and generated exacty zero tangible results for shareholders.

Sure, lots has changed in management and focus over the years, but so far zero commercial discoveries in the company's name.

The titanium oxide is an unwelcome curveball unless they can prove that its commercially attractive and doable at small scale. There is no point in saying that they got an interesting find over a very large area.

Is it commercially viable and attractive, or not?

So far the share-price suggests no.

Hope to be wrong. I'm a patient guy, but it's pushing it.

Been here since about ten years now.

GL.

https://www.proactiveinvestors.co.uk/companies/news/1005043/empire-metals-doing-the-work-at-pitfield-1005043.html

Lets hope you're right.
But again, look at Simandou, or Zanaga as sobering examples of gigantic and well studied resources that have been mothballed for decades. Admittedly Australia is a different jusrisdiction, but still.

Need more buying reasons.
The world is full of giant anomalies, some even drilled, explored and agreed, yet not funded or built....
Shaun has a steep hill to climb to get enough excitement to fund this, especially in the times that are to come.

With those grades we might be better off trying any random farm field without the associated finders fees and costly exploration rights.
Shaun; time to get clever and stop the cash haemorrhage on 100% upfront risk.
GL.

Well, thats a long list of A$250K tranches for access to acreage that has been explored and drilled in the past.
I see only up front payment with 100% risk on EEE for very little secure return. Seems like a very unbalanced deal to me.

Rinse and repeat springs to mind.

Mitch984,

You might well be right about Glencore (Glasenberg certainly made his aversion to greenfield projects clear...)
However, you can be sure that IF Glencore would be taken out, then Zanaga Iron Ore would be relieved of this project with all its associated paperwork by Nguesso&Co quicker than you can say "fiddlesticks"....(â la Sundance Resources or Congo Iron Ore)
In fact, one of my fears is that Glencore would likely negotiate away its claim to the project to secure the repayment of its loans and securing future marketing contracts (with all its brown envelopes and secret handshakes with the right officials...)
I'd argue that the only reason this company (Zioc) still has a pulse (barely, admittedly!) is that Glencore still has this on its papers....if that changes you can be pretty sure this will collapse delist at about the same time you're on the last few letters of saying "fiddlesticks"
GL, GTA.

Yes, all true, but so far nothing commercially viable has been found at Eclipse. It's been a hell of a disapointment after the initially positive noises from Struthers. Reality is that it can't be a small-scale open pit as initially sold. Gone are the hopes of a quick route to production, and the grades that are needed are simply not there. The fact that they're hoping for viability at further depths is just that; wishful thinking. That might change, but so far; zilch.
So that leaves Menzies. And there is no other way to put this; grades so far are abysmal.
In the meantime we're burning cash like it grew on trees and are being pushed very close to the option deadline. What are the odds that they'll take up the option without a real verified find, and again go on... hope and expectation?
There are plenty of other minnows with spectacular JORC resources valued lower than EEE and with a much more inspiring track record. This has been a serial dissapointer, going on 10years now.
mr Bunn really needs to pull a stunner out of the hat, and soon, if this is to recover to previous highs.
GL.

Well, if nothing else this should put the fear of God into the Chinese.
That fear should highlight at least 2 considerations:

1. Realisation that investing billions of USD into unstable countries in Africa is unpredictable, incredibly risky, and likely to end in tears. The various tinpot dictators and risk of nationalisation, Coups, punitive taxes, etc etc is a continuous risk.

2. Realisation that NOT investing billions of USD into unstable countries in Africa is strategic madness and likely to cost China any chance of partial control of their future Iron Ore purchases and their position as an emerging superpower. Failing to gain control over strategic Iron Ore resources is already costing them 10s of billions of USD/year. It does not take a genoius to understand that this will be in the trillions of USD in the longer term, as well as generating political and geo-stratecic weakness. China absolutely needs to get this under control if they want true resource independence, and there are not that many alternatives.

As far as I can tell this development in Guinea is a stark reminder of the risks and likely to make any possible investors into ZIOP even more nervous, -but on the other side- it really and unequivocally cements Chinas need to pull their finger out and start developing more parallel and globally significant projects.

Zanaga as a resource is more important than ever, and is one of the key strategic -and- valuable resources in the world, yet it has never been so undermined by corruption, political apathy and commercial weakness as it is today.
What gives?
1. I think its clear to anyone that ZIOP will not be developed by its current owners in any shape or form, and neither will it's potential hosts (RoC/Nguesso&Co)
2. This project has zero commercial value due to the corruption/risks. (I.e. you can't just "buy" this and start mining, so forget any of the big mining companies. Even the ones that could front the CapEx)
3. The only path to production I imagine, is China taking charge of it directly with assurances from RoC+Nguesso&Co and more likely through a consortium of chinese companies, much like Simandou. Probably 5+ years before mine/slurry pipelines would even start construction. (7-10 years before substantial (10MTPA+) production?)
4. ZIOC/ZIOP would do well with getting buy/JV in to the project from China (ideally) as insurance from someone outright confiscating or nationalising it (Having a JV with Glencore has stopped it from happening already, but Glencore is unlikely to put up a fight for this asset in the big scheme of things). Time is running out for ZIOC.

GL, Kongo.

Or worse; haven't even found any yet.....(In commercially viable quantities)