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The total lack of dealings in this share just prior to a scheduled update just shows how interest has totally fallen away recently. Even a year ago, there would have been a host of speculative buys leading up to the RNS hoping for positive news.
However after so many can kicking RNS' and AT's total silence the past 4-5 months, we are further below the radar than we ever have been.
Let's hope we do at least get the promised update tomorrow. KP2 are also supposed to update tomorrow too on their EPP, but today's letter to the ASX about the share price rise on the Oz Exchange seems to indicate they will not be ready to update.
I do hope the management of ZIOC is not descending to the quality of KP2's. Both are exciting and enormous resources that need strong leadership to realise their potential.
The ASX rise was probably because news was supposed to be due by tomorrow on the costings of the EPP.
Brad's letter to the ASX seems to indicate the update will not be ready, which is typical of KP2. Huge resource and terrific prospects, hampered by poor leadership.
"Due to the current COVID-19 situation, the Company will be unable to post its annual audited accounts"
The question should be asked - "why".
With no revenue in the year in question, the cleaning lady could have prepared the accounts. They are hardly complicated after all.
Absolutely no legitimate reason why they could not have been prepared and submitted in time. Beware.
ZIOC are also updating this week on the Zanaga iron ore project. With elections out of the way, lets hope both companies have some positive news for investors and the country.
Having said that, KP2 are not the best administered company, so it wouldn't surprise me if they miss their own update date.
Excellent research on the articles, Extrader. Good to see at least some references to Zanaga and Glencore in press reports coming out of the country, even if they are short on direct information.
"You can't sell stuff that you're not producing....unless you have an off-take agreement in place." I still think that is the big stumbling block - Glencore want an offtake agrreement to go along with any proposal. Potential buyers do not.
As reagards CODIC potentially taking a minority interest in ZIOC, I have a feeling that is what is being worked on by AT. That is, developing the mine rather than an outright sale.
I don't recall AT or an RNS mentioning at any time that we have had any direct approach to buy ZIOC. Everything has always been about approaches to invest.
Hopefully next week's update will give us some positive guidance on where this is all going.
Zero anticipation in the market for the update on the 31st March. Share movement this week has been neglible to virtually non existent.
If good news was on the way, you would have thought even a minor leak would have triggered some moderate buying. Makes me think, sadly, it will be yet another can kicker. Sincerely hope I'm wrong.
AT's silence is positive in my view, unless he is now as frustrated as the rest of us.
"we will be reporting on the certification group (of which Catenea are a part of) "
tuvok - that statement is incorrect. CTEA have been invited to contribute to a government consultation on Digital ID. They are not part of any government group on vaccine passports, and have never claimed to be.
I would not waste your time, Mje. This has been a pump and dump share this past year, and will continue to be that. Most of the pumpers have moved on for now, leaving a few dreamers who actually think CTEA will get a government contract when there are dozens of other far more experienced and highly rated companies that already have working apps for both digital travel passports and domestic vaccine passports (if the latter is ever needed).
The blockchain aspect is irrelevent anyway - it will not be an important aspect of either type of vaccine passport. For international travel, countries (for example the EEC) have already said they will accept paper versions.
Not that CTEA have any unique blockchain experience anyway, just as you say.
JAdam will reply with his usual list of what CTEA have vaguely claimed they are involved in - without anything from CTEA that substantiates either results of their trials, a definite contract from any of them, or - gasp - any actual income materialising.
What is everybody's views on the continued silence? I don't think I can ever recall a period as long as this when AT does not respond to emails or phone messages.
To my mind it can only mean either AT is no longer working for ZIOC (but surely that would have to be RNS'd?), or something is happening that is so sensitive he has been instructed not to communicate with investors at all.
The lack of, or delayed, updates via a ZIOC RNS we are all very used to, but the silence from AT is far more unusual in my opinion.
Good to see the influx of newbies and rampers. They will all of course be gone by Friday.
Lots of crossover today with KP2 I think, and both ZIOC and KP2 being in today's top risers has brought about all the small buys in each.
Both ZIOC and KP2 are terrific long term holds, but the rises will not be retained without news - which is overdue on ZIOC and is due at the end of the month on KP2. Both updates costings related however (as far as we know......)
As Extrader correctly says, the small free float here means great volatility - especially if it comes to the attention of a large number of small investors or day traders as its seems to have done yesterday and today, both here and in Oz.
The rises won't stick without concrete news, which the company have confirmed there is none - as yet....
"why are we so confident that Catenae will get the contracts? there are other companies in this field."
Sadly you won't get a reasoned response. There are dozens of other compnies in the same field as CTEA, many far more advanced with their testing than CTEA are. However nobody on this board will acknowledge that.
Just look at the quoting on here of the British Airways article yesterday saying how positive that is for CTEA, when the article clearly says that BA are already trialling two apps - the VeriFLY health passport app and the IATA Travel Pass.
Phildon really does not have to have visited the port personally to make that statement - which, as it happens, in completely correct.
KP2 are in a similar situation to ZIOC. Sat on top of a massive asset, but no clear way to bring it to market without either the country getting moving on the SEZ, or massive investment from a thid party to do it without them.
There are facilities at Pointe Noir for a small scale DX EPP by KP2, but not enough capacity at present. Personally I think the EPP costings due by the end of March will bear that out, but lets wait and see.
From today's Mail On Sunday:-
BA is set to launch document-checking on its website so passengers can upload vaccine certificates and test results when booking flights. It is also backing the VeriFLY health passport app, which is being trialled on BA’s international flights, and plans to start trials on the Iata Travel Pass – another health passport app.
The Government plans to upgrade the NHS app to let people use their phone to prove they have been vaccinated or have a recent negative test.
Hi Beardozer,
I'm also in KP2, and have been for several years. Like ZIOC, the fundamentals are all there - huge high quality resource even closer to the coast than Zanaga. I have zero confidence in Brad Sampson (CEO) though - he seems the type to me who wants KP2 to move along as slowly as possible just to continue to draw his salary.
However I'm not sure the government will allow that - they issued an official letter to KP2 in December warning them to get mving, or else....
Hi Extrader,
Thanks for confirming. I just felt the timing of AT mentioning to you that he was in Dubai was slightly significant. I was actually there at that time and got one of the last flights back to the UK before the compulsory hotel quarantine rules came in.
It wasn't easy to get a flight, so it struck me that AT not immediately heading back to his family in the UK must mean he was definitely there on business. Important business at that.
Having said that, I agree entirely with the rest of your post. There is nothing we can do other than gently speculate. Long term holders have seen it all before after all. It will happen ... or it won't.
While I can understand everyone's hope that CTEA will be involved in either a domestic vaccine passort or an international vaccine passport, Guy has never given an indication that they are in discussions with the UK government on either. They have merely said that they have been invited to contribute to discussions (along with several other companies) over the next six months about a possible UK Digital ID. That is nothing to do with vaccinations or the pandemic.
There are already over 10 international vaccine passports in development, several currently being tested, and many with similar blockchain security to CTEA:-
https://www.businesstraveller.com/features/vaccine-passports-a-guide/
CTEA are not testing an international passport app with anyone, nor have they given any indication they have adapted Covid ID for that purpose.
As regards a domestic (UK) vaccine passport app, that is a totally different field to an international travel app. The current NHS app (NOT the NHS track and trace app) is already being developed to be a domestic vaccine passport, if companies, football matches, or summer festivals require it.:-
https://www.businesstraveller.com/business-travel/2021/02/23/nhs-app-to-be-used-as-vaccine-passport/
Any domestic vaccine app will have to be connected to the NHS, as it is the NHS that hold your vaccination record along with your other medical records. The government (and the public) have always been paranoid about any third party - other than the NHS - having access to medical records.
There is no guarantee that a domestic vaccine passport will be required in the UK anyway, with how successful the vaccination programme is appearing to be, although it may be required domestically in some other countries.
The only non-UK country CTEA appears to have any connection to is South Africa, and that country may be their biggest chance of getting a foothold and a contract. As regards the UK though, their best hope is long term through being involved with Digital ID. The emphasids there is "long term" though. Remember how long it took for ID Cards to be approved and then scrapped? The British have never been keen on government having access too all our personal data in one place.
No doubt there will be the usual one line comments about this being deramping, but some of the blatent ramping on the board has to be challenged. Yes, everyone has hopes for this share, but it pays us all to be realistic.
Hi Extrader,
Out of interest, I assume you have not heard from AT since your 9th February phone conversation:-
"Spoke to AT this pm, he's currently staying in Dubai, is aware of the new restrictions on returnees."
Has anyone received an email from him since that date?