The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'm not at all sure AT or Zioc actually have a "crew". I think its always been AT and AT alone, supported occasionally by Glencore staff when they were working jointly on something Jumelles related.
A few possible options in my view:-
1. Something significant is going on in the background, as Darkini and everyone is hoping for.
2. Nothing is going on at all, and AT is just waiting for Glencore to make its mind up whether Zanaga will be one of their non-core assets to be sold.
3. AT has totally lost interest in Zioc and is going through the motions, with most of his time being spent on his new venture with Mick Davis (Vision Blue Advisors UK LLP).
Having been invested for many years, I have been through the "no news has to be good news" scenario more times than I care to remember. Sadly, with Zioc, "no news" tends to mean exactly that.
Sadly I do not think Glencore have an intention of acquiring Zioc, certainly not to develope. Glencore just do not do greenfield - that has not changed and will not change.
There might be a scenario, as nibj says, where Glencore agree a sale in secret and do the dirty in a way by buying out Zioc knowing they have a sale lined up at a higher price, but I'm not sure what will happen.
Far more likely in my view is that Zioc is one of the 15 Glencore assets under review for disposal.
Let's hope it is one or the other, as our patience can only last so long. We all have a finite number of years left in this world!
Hi Sydneysider,
Glencore have zero interest in developing Zanaga, but still I think want an exit that allows them to distribute the ore.
They have just carried out a mining sale that allows them to do exactly that:-
https://www.lse.co.uk/rns/GLEN/evolution-mining-acquires-ernest-henry-mining-ln9zdkt6uc7sn9b.html
Hopefully this means they would be very open to similar negotiations on Zanaga, although I can't see that would have any effect on negotiations regarding countries outstanding debt to Glencore.
Its been my view for a while that the only way this project will move forward is for Glencore to be taken out of the equation completely.
"If you don't know then you shouldn't be here, Dyor."
As Blaim says, a typical response from someone who posts something that is totally incorrect and non-factual, for whatever his own personal reasons are.
"So many big projects on the go"
As you have done your research, perhaps you can enlighten us all on what those "big projects" are?
Lots of big sells before Thursday's webinar about the ROC, which can only mean bad news.
This has happened before with KP2 - big selling prior to a negative announcement. It should be reported and looked into, but never is.
Bradley.
If you take the time to check back through my posts, you will find the reason why I have posted factual info over the past few years about CTEA in the hope it might deter at least one inexperienced investor from wasting money by believing the hype of the rampers without doing their own research. The same as Blaim, DG2, and others.
Personally, I have not lost anything in CTEA because I've known from the Milestone and Blockchain days what a total sham this company is.
However there is always at least one person left, like you, who decries any poster that tells the truth by claiming they are a sore loser, a deramper or posts under multiple names. Anyone who has followed this board will have seen them come and - then - go. Just as you will no doubt once you decide to write off your CTEA investment.
If you are still so gung -ho about CTEA, instead of attacking other posters, why not give everyone a few FACTUAL sentences explaining why someone should either invest in CTEA or hold on to their shares? That, after all, is what the LSE forums are supposed to be for - factual discussions about the pros and cons of shares.
Bradley.
If people like you had given more credence to Blaim's (and my posts) about this company over the past two years, so many small shareholders would not be sitting on large losses.
Instead anything negative about CTEA was decried as being either de-ramping or being from bitter ex-investors, whereas the truth was myself, Blaim, and a couple of others knew all about CTEA from having followed the company for many many years.
Looks as though Mick Davis is moving away from Iron Ore though:-
https://www.ft.com/content/dbeb8c0c-8bc0-431c-bd2d-d83bd2093d53
"Mick Davis, the former head of mining group Xstrata, has severed ties with Niron Metals, the investment vehicle he co-founded to develop a large iron-ore deposit in Guinea. ...."
Looks more and more to me as if Vision Blue and Mick Davis are AT's personal back up career-wise if Zioc collapses.
Just came across this. Not sure if it is good or bad for Zanaga.
In June 2021 Andrew Trahar formed a new UK company with Mick Davies - Vision Blue Advisors UK LLP:-
https://find-and-update.company-information.service.gov.uk/company/OC437944/officers
clearly associated with Mick Davies' main company, Vision Blue Resources:-
https://www.vision-blue.com/
which is looking for "strategic and high returning investments in clean energy related metal and mineral resource companies essential to the clean energy transition."
This might be positive for Zanaga, although I find it hard to believe Glencore will have anything to do with Mick Davies.
On the other hand, it may be AT forging a future for himself if Zioc bites the dust.
Any views from people more in the know about this field than me?
There might be some information on difficulties etc of progressing matters in the ROC to be gleaned from this KP2 webinar just announced:-
https://www.investegate.co.uk/kore-potash-plc--kp2-/rns/webinar-and-q-a--republic-of-congo/202110150700041564P/
While I fully agree this is an interesting development, and things seem to be lining up yet again, I will think we will make no progress until we get rid of Glencore.
Nobody will want to develope the mine while GLEN still want some distribution rights to the ore.
I hope I'm wrong of course!
It is my belief that Glencore have no interest in ZIOC, other than selling their interest if an acceptable offer comes along. They do not do green field, and that policy has not changed at all even with new people at the top. So they will not invest in the development of the mine.
The best path in my view for this project to move forward in a way that benefits shareholders is for Glencore to be taken out of the picture completely. So far, sadly, there are no signs of that happening.
" Ctea well positioned?"
Redapple. Please do your research before posting what can be called as ramping. Every country already has their own approved passport vaccine app, and CTEA are not involved with any of them - and never have been.
If you think that is wrong, post some evidence instead of vague rampings.
"Come back next year you’ll regret"
...and well before next year, you will be long gone - having sold at a loss and bailed out quietly. Just like the dozens of similar heavy rampers over the past two years.
Check back through the posts on this board and you will see similar non-factual ramp posts from names who are no longer around.