Member Info for Mattradio

No trades since 13:10. Is everybody watching the footy or the MM’s gone home ?

Have a nice weekend all.

A bit of publicity doesn’t hurt. It’s a long time since Zanaga got a mention in the specialised press.

https://www.mining.com/zanaga-iron-ore-shares-soar-after-buying-glencores-project/

GLA LTH

And one last 250 000 trade to wrap up the day. It would be logical for Zioc to have sold today the 3m shares remaining to be placed. Before the AGM.

Roll on tomorrow.

GLA

A lot of delayed trades showing. Someone is mopping all the shares..

GLA

Today’s announcement is not great news for us PI’s.
I can now see Sapro / Paul Obambi acquiring 100% of the Zanaga project for peanuts…. Sapro has a 15mt/year offtake agreement in place with Glencore.

IMO - Just guessing / speculating.

GLA

A good summary here:

https://www.proactiveinvestors.co.uk/companies/news/999177/zanaga-iron-ore-inks-deal-to-acquire-100-of-zanaga-iron-ore-project-999177.html

GLA

If anyone missed this on Saturday..

3.44 paid

GLA

Laying of the first stone by the Congolese president tomorrow, 12th November at 11am.

There was also some interesting posts this week on the ZES ministry’ Facebook account regarding design, development, financing and launch of works by the Arise IIP group.

https://www.facebook.com/zes.gouv.cg/

From the Evraz website:

https://www.evraz.com/en/share-certificates/#accordion-question-11

GLA

Russian troll working for Evraz ?

GLA

‘In a nutshell its what UK Govt is saying that's important legally, not Evraz’

Exactly. If you are living in the British Iles or a UK citizen living anywhere in the World, you are not allowed to deal with a sanctioned company’

GLA

Infinity, you keep banging on about this, have you got the right qualifications to be giving people advice on here ? What’s your agenda ?

GLA

I’m still undecided. If going for the certificate option, how do people feel about having their personal and bank details held directly by Evraz ?

Would you be breaking sanctions rules as an individual for being in direct contact with a ‘Russian’ company ?

GLA.

Veteran10, I agree.

Anyone on here remembers this ?
https://mobile.twitter.com/brett_l_carter/status/969719560705200128

GLA

‘I can only advice to move all your holdings to paper Certificate right now’

Infinity, you keep banging on about this, have you got the right qualifications to be giving people advice on here ? What’s your agenda ?

GLA

Anyone had an update from ii on what to do next ?

GL all.

Paul Obambi describes the Mayoko project and from 22:00 says this: ‘ROC has the potential to become the 3rd largest iron ore producer behind Australia and Brazil. We (Sapro) have reached an important milestone by signing an
agreement with the world’s first commodity trader, Glencore. Glencore is a name you all know in the oil sector, but Glencore also has a large iron ore trading operation. This offtake agreement of 15mt/year has the potential of generating for Sapro, revenues equivalent to the budget of the Republic of Congo. That’s quite something..’’

He then says that the rail infrastructure needs upgrading etc. but that a Port solution has just been found (Arise IIP).

Is a Mayoko / Zanaga tie up a remote possibility ?

ATB. Matt

Extrader- Take a look at my last two posts ref. the PPP forum.

ATB. Matt

Here is a presentation of Sapro Mayako , Zanaga and Soremi during the PPP forum:
https://m.youtube.com/watch?v=SQHEGL8TkPA

Paul Obambi confirms that a 15 mt / year offtake agreement has been signed between Sapro and Glencore. That’s a lot of ore for Mayko alone…

Mattradio

Lynthip, your are correct. I’m just frustrated by the lack of communication from our IR department. Hopefully it’s for a good reason (NDA agreement).

So, let me offer something a bit more positive.

https://afrique.latribune.fr/think-tank/la-tribune-tv/2022-06-16/comment-revolutionner-les-ppp-pour-l-essor-economique-du-congo-922057.html

Media interview following the PPP forum last month. IMO, it is highly significant that these two prospective iron ore projects have been chosen as the ‘Private’ side of Public Private Partnership discussion with a member of the government.

Sitting next to each other you have Paul Obambi (Sapro) and Florent Lager, president of the mining federation of Congo AND MPD manager, representing Glencore.

DYOR - Don’t ask me to translate the interview !

ATB Mattradio73