Member Info for Kongolasse

Participants in the recent placing.

There's been a few in the last few weeks now, all with little crumbs and clues...

https://youtu.be/ewU9K2mAqgY

GL, GTA.

Also on LinkedIn.

C'mon Shaun.... show us that 99% purity Ti ingot and a decent Ti recoverability number.

The markets will then blow the options open with regards to Mcap, gov interest, JV's etc.....

I'm all loaded up. Finally.

Now; just sit back and hold. And just a little more patience needed. :)

GL, GTA.

Another presentation!

Https://www.youtube.com/watch?v=VTJEyHMbFJM

(yes, This is from the 2nd presentation in Oz, In addition to the one kindly posted by gin_rummy99 earlier from Singapore! Https://m.youtube.com/watch?v=5oZdBoAhpZA )

I like the teaser about ASX. Sounds like it will happen imminently.

Bunny has been a busy one.

Getting exciting.

GL,GTA.

Cevodniya, you raise good points.

FWIW I think the big variables here (beyond Time/risk to get; mining licenses, FEED studies, Env permits etc) is what kind of OPEX and CAPEX is required to truly capture the revenue of 10-15% of the Global Titanium market?

How do we get there?

Does it require an upfront investment of $1-2BN? $5-10BN to handle the Ore at that scale? What does the OPEX look like to run this? 500M? 1BN?. That kind of capital will come at a cost to EEE/Century.

I'd assume the BOD would try to scale up from smallest viable size and reinvest, take loans and grants to the maximum along the way, but even so they will have to scale up... this is where the huge dilution of our shares will most likely happen. (And huge de-risking and growth of MCAP to be fair.).

Will the Aus Gov help kickstart it all with a generous loan like Iluka? Maybe. I'm hoping for it as it would solve a lot of our small size headaches early on and allow our millions of shares to be a small %age of Millions of outstanding shares rather than a tiny %age of Billions of outstanding shares....

Even at current MCAP, I think we're hopelessly overlooked in the market, and I will add on and weakness in the SP untill current valuation is a bit more ambitious. But I'm under no illusion that we'll get to a large percentage of global revenue without being substantially diluted on the way. It's a "narrow winding road" as Shaun put it in one of his interviews....

GL, GTA.

Baldy; "Meaning sell now then buy in cheaper??"

If you are a trader and think you can time it well, then maybe. It's still in a rising trend tho....blink and you might miss it. ;)

Normally the ones approached to participate in placings are able to short sell or forward sell their allocated shares. Nasty business, and very common on AIM IMHO.

I'm not risking it (nor privy to anything not RNS'd) so call it a gut feeling.

But for what it's wort, I will be adding if there is any weakness due to placings.

Grampyan; It's not up to EEE or anything to do with them, this is AIM rules about notification.

It's very murky as to what/when things are being reported. (I could tell you stories about large companies not reporting or reporting late in closed or restricted periods making millions (and losing other holders millions). FCA and AIM /LSE is the wild west when it comes to enforcement....but that's another story)

As for EEE; onwards and upwards. I look forward to the next sample/test product news.

GL, GTA.

Grampyan,

To be clear; I think there is a placing about to happen. That would explain the -somewhat- "stable" price we're at despite awesome RNS. (Yes, there's been a big rise in the last few months due to news, but it's quite a muted rise vs the incredible potential= excellent oppt. to sell into the rise hoping for cheaper shares soon)

In other words; My bet is that a select few "in the know" are selling into the rise.

I'll be adding on any weakness in the next days/weeks.

GL, GTA.

Grampyan.

They only need to notify when they cross the 3% threshold. Could have held 2.9999% for years, -or days.

Only point we know is that they crossed 3%.

Onwards and upwards....

GTA

Here is an interesting summary on a sponge plant with high level CAPEX/OPEX cost modelling;

Https://www.imarcgroup.com/insight/economic-feasibility-cost-modelling-of-titanium-sponge-manufacturing-plant-a-cost-model-approach

This is for about 35K tonnes sponge/year, CAPEX about $350M and OPEX about $130M/Year if I'm reading it right.

I'd assume a larger scale plant would be marginally more expensive than the link above (assuming we'd be aiming to eventually make the actual sponge stage of product rather than just pigment grade TiO2....)

Let's hope the AUS Gov are feeling generous with their loans/investment grants (like the loan for Iluka's REE plant!).... ;)

GL, GTA.

Johnlydiaandlucy,

there are multiple reasons why you wouldn't want to split this up.

1. The immediate and obvious one is competition. you'd create a next door competitor that'd also have a head start.

2. there is nothing stopping EEE from re-investing the proceeds from a modest starting point and maybe even with external financing being able to scale this operation up all the way to where it could saturate global demand (I.e. becoming the biggest producer globally). It could do this without the need to dilute shareholders beyond the starting point of the operation. Once it's generating net $$$ that will open the floodgates to self sustained growth.

3. The biggest producer globally would have a very strong impact on pricing, and would be able to use that to its benefit. (a bit like OPEC perhaps)

Just off the top of my mind....

GL, GTA.

Many thanks for your detailed report Manlord!

It's much appreciated and generous of you to share!

Onwards and Upwards!

GL, GTA.

Apologies if posted already, but I meant to include this with some nice views of the WIP...

https://pic-roc.com/en/pic-construction-progress-dec-2024/

Well, zero points for communication, that's clear.

I can only assume that either they had plans that got delayed and they don't know how or what to say, or even worse, the PI's/investors are so low on the priorities that it's fallen off the agenda.

However, and on a much more positive note, as I've come back from being a long time lurker I'm trying to catch up on what's been going on in the last few years, and note with excitement that shovels are indeed some shovels in the ground and earth moving machines making progress in the ZES in Pointe Noire/Indienne.... This is Awesome!! A decade overdue, but hey, with real work happening on the ground the odds of Zanaga becoming "real" just multiplied by a lot. I see the SP still has not reacted. Interesting times ahead I'd say. Good to be back in again I hope!

GL, GTA.

Wrong Congo. Not for us.

Hi CrispyTurtle,

I don't think there is any mistake or oversight, but rather I think its 100% on purpose as the cash-balance is market sensitive information, and they'd need to release such information in RNS rather than a corporate presentation. (So they just use latest public figures. They could of course have included an up-to-date figure in the RNS itself but guessing "4.8" looks better than today's figure even if outdated) The current EEE Shareprice on the other hand is already a publicly available figure, so they used the latest and greatest. I don't read much into it.

GTA.

Hi johnlydiaandlucy, I don't think it is possible to work out "how good" the current results are as we're just getting disconnected snippets of the whole chain required to work out what % we start with and what % we end up holding at the end of the process. (let alone the costs or efforts implied) We're getting "a-->b" % and then a "f----->k" % and a "Z" % but we don't know the full chain, if there is one yet.

Hoping Shaun&Co will be in a position to share -even a preliminary- flowsheet that can give credibility to the entire process and reinforce hope that the project is commercially attractive and viable. If they can do that, it should result in a rocketlike re-rating of the current MCAP and hopefully make future placings or JV negotiations much easier for the company.

GL, GTA.

£200K-300K/Month that is.

Their new presentation is referencing the £4.8M that were available in Sept '24. (NOT today's cashbalance)

I'd assume their burn rate is between £200K-300K especially if they will continue drilling and expanding the bulk sampling /processing. I'd assume they have around £4M GBP left today at most. Happy to be corrected if anyone has a better analysis....

Gl, GTA.

Hi davevincent, you are of course correct, and I've been highly suspicious of MOU's for that same reason.

I'm back in ZIOC with a modest holding, but I used to follow it closely (for the last 10years....?!)

Same as many others I grew very sceptical, then cynical over the various efforts from the company to buy time in an environment, economy, country that had completely stagnated and was living on pure bluster. One of my own goals was to try to look past the bluster and try to see tangible results, on the SEZ, relocations of houses, shovels in the ground etc.

I think, FWIW this time, the MOU's are still just pieces of paper, yes, but potentially signalling the "Go" signal to all interested parties, putting in motion the bigger scenario of this moving forward. I'm guessing that its out of the hands of ZIOC to announce anything, except for very publicly, that they're ready to go.

Let's see if anything tangible is revealed in the next weeks.....

GTA.

Excellent finds allthatguff, and extrader.

It would explain a lot why they'd keep silent until a public anouncement at Indaba! 100%!

But, playing devils advocate, isn't is amazing how subdued the SP has been considering this supposed massive news?

I'm a bit suspicious of the lack of buzz.. The ship might be tight, but not that tight.

Just my 2 cents of course....

Let's see what's what in Feb. onwards and... upwards.

GTA.