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It's now beyond doubt that a number of ZIOC holders are trading in it and out. You only have to read their two-faced and disingenuous posting history for that be clear. Imagine, for example, trying to make out that NPV is not the basis for mine project valuation when this is the universally accepted norm within in the industry - indeed it was/is the basis for any Xstrata/Glencore buyout of ZIOC. Meanwhile an updated NPV was the ultimate goal of the whole FS reworkings - yet some tried to show shade on it. Muppets, and very obvious. The latest attempt is 'Shard' clearing house. No matter that the FT wrote that no blame was attached to Shard corporately and that Shard later forwarded evidence to the FCA as and when it emerged. Said 'trader' posted multiple times across both boards while including libellous fabrications. Sure, he's invested......Right. Whatever.
While we are on the subject, accounts may want to take a look at the chart of Gem Diamonds (GEMD). GEMD started a 3-day surge higher ***immediately after*** our 30th April RNS with the FS results. Over that day and the next 2 a sequence of sells on ZIOC was mirrored by buys on GEMD. Purely coincidentally I'm sure, this sequence was accompanied by a larger (claimed) ZIOC holders posting gibberish about Rights Issues, dissing the NPV methodology, and claiming it was 'squeaky bum time' for ZIOC - before taking to posting on GEMD. It's a racing cert that is was their sells that help stall ZIOC
Of course it's a free world and anyone can trade in and out of whatever they like whenever they like. However such obvious charlatans try and take others for fools while actively undermining investment cases.
We see you.
Well done, alwayshoping - always on the ball!
I think I have figured out what lead to our Strategic Partner 'delay' at the end of March and, if I'm right, then it is super positive for us. All eyes on Reko Diq progress for further clues.
You're toast.
Squirm worm
Screen print
new file
drag and drop
fun times
It appears that extrader has now made libellous insinuations against the company’s broker.
I look forward to bringing them up with Elphick and Knauth.
Shard threw James Lewis under the bus, which is what should happen to extrader for being a disingenuous little sh*t.
'...Shard Capital, which has not been accused of wrongdoing, said: “We welcome the completion of the investigation into James Lewis, which we have been supporting throughout. As highlighted in the FCA’s final notice, Mr Lewis has not held a senior management function at Shard Capital for over two years.”
Lewis and Windhorst did not respond to requests for comment.
The FCA also fined Lewis £120,300, allowing him a 30 per cent reduction after he agreed to settle the matter.
The incident in which Lewis “risked misleading” a company’s auditor is one of two breaches flagged by the FCA. The other concerns a December 2019 transaction in which a client of Shard Capital instructed it to transfer $18mn of cash held for one of its “connected companies” to “its own account with Shard”.
The FCA noted that Shard Capital contacted the regulator about the matter last year after discovering the existence of several documents “as a result of evidence disclosed by another party in court proceedings”.
https://www.ft.com/content/801e5e9d-1d5e-43cc-8f13-ea666cd7d101
.... νομίζω ότι έχω το κλειδί
The Saudis arrived in Pak'istan at the weekend, looking to invest in Reko Diq, Barrick's monster copper-gold project.
Twofold significance to us. Firstly, Reko Diq is in the adlands where Pak'istan meets Iran and Afghanistan, so no problem with domain for the saudis. Secondly, the Saudis are thought to have $1bn for their supposed 20% stake, though Barrick talk of $10bn for the whole. Either way Manara Minerals have the cash for the right project, no matter where it is.
https://www.mining.com/web/saudi-manara-minerals-team-in-****stan-for-talks-on-reko-diq-mine-stake-document-shows/
the saudis arrived in ****stan at the weekend, looking to invest in reko diq, barrick's monster copper-gold project.
twofold significance to us. firstly, reko diq is in the badlands where ****stan meets iran and afghanistan, so no problem with domain for the saudis. secondly the saudis are thought to have $1bn for their supposed 20% stake, though barrick talk of $10bn for the whole. either way manara minerals have the cash for the right project, no matter where it is.
https://www.mining.com/web/saudi-manara-minerals-team-in-****stan-for-talks-on-reko-diq-mine-stake-document-shows/
Very well worth following Marty on LinkedIn for a real insight into his thinking and direction, such as Steel Times International's post on the MENA Green Steel Summit this September, bringing together the worldwide value chain for green steel:
Steel Times International - 5 464 abonnés 15 h.
'MENA Green Steel Summit 2024, scheduled to be held on September 25-26 in Dubai, is a two-day international conference and mini expo aiming to bring tremendous steel experts and decision makers across the industry value chain worldwide sharing market intelligence and insights into how the future green steelmaking is evolving, greatly supported by speakers from World Steel Association, ESTEP (European Steel Technology Platform), IEEFA Asia Pacific, Arabian Gulf Steel Industries LLC, Emirates Steel Arkan, Jindal Steel & Power, EI Marakby Steel, Vale, Citi Group and SHS – Stahl-Holding-Saar GmbH & Co. KGaA, etc. and expected to be attended by approximately 200+ delegates worldwide.'
Marty also like something very specific, a post from the Guinea Mining Ministry in which Simandou was on their agenda.
Adding a little to that love in, alwayshoping, direct flights to start between Beijing and Riyadh:
King Khalid International Airport in #Riyadh launches a direct flight connect to the #Chinese capital, #Beijing
https://twitter.com/EKHNews_EN/status/1787704863473770531
Of note and perhaps more than coincidental is that direct flights are also planned between Dubai and Brazzaville.
Bonus question:
Who wrote and when?
'(Zanaga) is without doubt a world class iron ore project, with a fantastic team and we look forward to working with them to unlock what we see as major potential value for shareholders.'
Who wrote and when?
'During recent engagements with RoC Ministries .. and potential strategic investors .. being the first mover in the region of high grade, low impurity iron concentrates for green steel production is strongly supported and makes for an exciting future for Zanaga.'
Marty's trail of breadcrumbs over on LinkedIn continues to give very strong pointers to ongoing FEED activity by the company.....and that means development news is nigh.
In the 30th April RNS Marty emphasised, '..the upcoming FEED phase will not only seek to validate and enhance our technical confidence but critically, develop Zanaga's management plans around environment, community, training, health, water, mine wastes and ultimate closure...'
Yesterday Marty 'liked' a MEC Mining's post on LinkedIn. 'When you select MEC to partner with you on your project ..'
MEC offer these services, which dovetail very neatly with Marty's comments (above and in the RNS):
'MEC Mining is a global technical consulting firm specialising in mining services capabilities across the project life cycle from early-stage exploration through development, mine planning, onsite management to mine closure and rehabilitation.'
https://www.mecmining.com.au/
ps://fr.linkedin.com/in/marty-knauth-49992235
https://au.linkedin.com/company/mec-mining
Huge numbers being tossed about here, including for Gulf 'green steel'.
UAE AND OMAN AGREE ON A $32 BILLION GREEN MEGAPROJECT
The project includes renewable energy initiatives and green steel production capacity..
https://gmk.center/en/news/uae-and-oman-agree-on-a-32-billion-green-megaproject/
Interesting. When even The Express starts talking 'high grade' you know the MSM is receptive to Zanaga news. Simandou's grade is 65.5% compared to Zanaga's 66% for Stage 1, 68.5% Stage 2 for a blended 67.5% .
The rag describes Simandou as, '..the world’s largest and highest-grade new iron ore mine.'
Marty Knauth says, 'Here, hold my beer'.
Our hard, development news is going to be explosive.
19:51, Fri, May 3, 2024 | UPDATED: 19:57, Fri, May 3, 2024
Incredible £5bn mega-project to build 235 bridges and 15 miles of tunnels in tiny country
To transport the iron ore, a new railway line will be constructed connecting the mountainous region to the coast.
A mega rail project in Africa has been given the green light and will provide much-needed investment.
Plans to develop a huge new iron ore mine have been given the go-ahead by authorities in Guinea.
Discovered back in the 1990s, iron ore deposits in the country's Simandou mountains will now be extracted after a deal was struck between Rio Tinto and the Singapore company Winning Consortium Simandou (WCS) - both of which hold majority stakes in the mining complex.
Simandou is poised to become the world’s largest and highest-grade new iron ore mine.
https://www.express.co.uk/news/world/1895485/train-line-tunnels-project-africa-Guinea
No smoke without fire? Banking analysts and media speculate that Glencore could bid for Anglo American, with some making the connection into iron ore marketing.
> We forget, but our 46% shareholder Glencore are very well motivated to see Zanaga developed. This will help them to a dominant position in marketing high grade iron ore for green steel.
Those analysts will catch up eventually, and when they do....
"Unlike BHP, Glencore could benefit from keeping Kumba and marketing iron ore, and Glencore may face less political pushback in South Africa..." Jefferies analyst Christopher LaFemina said in a research note on April 29, where he assessed different takeover scenarios for Anglo American.
https://www.reuters.com/markets/commodities/glencore-studying-an-approach-anglo-american-sources-say-2024-05-02/
The MSM and industry press has yet to join the dots from Green Steel to Zanaga, but when the spotlight does finally shine on Zanaga the resulting SP rise will be truly spectacular.
What will be the trigger? Just a snippet of news that connects any of the Strategics will do it - Baosteel, PIF/MM, whoever.
Marty name-checked 'green steel' in the RNS, and I'm now certain the company are going to major on that in upcoming PR. Then the media will join the dots...
'...This clash of big dirt and high finance suggests that Anglo harbours something worth fighting over. Its big mines indeed tick all the right boxes: high quality and low cost, with the potential to expand. They are also extracting the right stuff at the right time. One of Anglo’s main products is copper, which is in high demand, particularly as tonnes of it will be needed for the electrification of transport and power in the green-energy transition; the red metal’s price has risen by 15% this year. ANOTHER IS HIGH-GRADE IRON ORE, WHICH IS IN DEMAND FOR ITS USE IN FORGING GREEN STEEL...'
https://www.economist.com/business/2024/05/02/why-does-bhp-want-anglo-american
Delayed report of larger buy:
11:15:56 500,000 shares bought at 7.843p
Wipes out the selling account - LOL