Member Info for Mitch984

I'd happily take 50p, even if by doing so I am giving up a far great sum in 5-10 years time.

I've already spent by entire 60s waiting for this share to pay off. I just do not want to spend my 70s doing the same!

"Meanwhile. what update - if any - on the reports ex AT that there might be a presentation at some point? "

Extrader, did we ever find out whether it was AT or Marty that nibj had communication with?

Not a huge factor, but it would be interesting to know if AT is back concentrating on ZIOC. Most of the past two years his main interest has been Vision Blue, and in my view he would only be back putting serious time into Zanaga if something was imminent.

KP2 has a history of leaks with big buys and - more often - big sells before official news was released.

However that was when mega-useless Brad Sampson was CEO. Since he was booted last year, its much more tightly run in my view. Having said that, with the additional listing and so many parties involved in discussions, the big buys are not a huge surprise.

News is clearly imminent, and judging from the buys and past history, the news will be positive.

LTB - yes that would make sense. Around 3p once finance is agreed.

I would expect a further rise after that however once construction actually begins. Still a long way to go therefore for many shareholders, apart from those who have piled in over the last three years or so. They will see a very nice profit relatively soon I think.

It was at 9p as recently as 2018, so some long term shareholders still have a long way to go just to break even.

How do we know that Shard have not yet started selling from Tranch 3?

The use of that tranche has been pre-approved so there is no obligation for shareholders to be told.

Spot on Jiving.

There are clearly many negatives about the Zanaga situation, most likely country related and/or related to Glencore's involvement.

Otherwise why would Simandou be going ahead at 2-3 times the capital cost and a lower quality resource?

If anyone objects to any of these negatives being posted on this board, then they are in cloud cuckoo land. Firstly nothing posted here will materially affect the long term share price. And secondly if there are indeed no negatives, why are we all still here waiting ... (im)patiently?

We all hope we are nearing the end, but personally I don't think that end will be a buyout. It will be a development of the mine - and then we will all eventually have a huge decision to make. Cash out early as the share prices rises - or hold on for several more years for even greater rewards when the mine is actually in production.

A hell of a decision for me at my age - but one I am looking forward to be faced with.

After I posted Jiving/Extrader, I came to the same conclusion - that the Corporate Presentation would be aimed at attracting institutional investors rather than strategic partners.

That makes sense as we have/had a severe lack of institutional interest.

But why do an updated Corporate Presentation if a deal is done, ATG?

You only do a Corporate Presentation to attract possible new investors. Personally I don't take that as a good sign, and instead a sign that they are still in the seemingly endless "finding a strategic partner" stage.

I hope I'm wrong though.

MM. As always I bow to your superior knowledge. Not sure why Zioc bothered appointing a CEO, when they could have hired you for I suspect much less. :)

All I am saying is that everything is speculation until it is confirmed by RNS. That means all we know at present is that both companies have appointed CEOs recently and both are scheduled to announce strategic partners by the end of April.

Whatever you say, and however reasoned your arguments are, everything else is speculation as regards both Zioc and KP2 until it is officially announced. Personally I think both will be Chinese dominated projects, but I honestly don't give a toss as long as one or both emerge from their long-standing inertia.

We should all know in another 3 or 4 weeks anyway, so lets leave it until then.

MM. The relevance of KP2 to Zanaga is that it is the only other new mining project close to development that will use the port. That will speed up the development of the port and has probably already had a big influence in AD Ports involvement.

Of course the demand for high grade ore in the ME and indeed worldwide is also relevant, but I stand by my point that there has been absolutely zero evidence so far of any other country's involvement in the Zanaga project apart from the Chinese. Everything else is pure speculation, as you know. Well researched speculation I agree, but until we know who our strategic partner is and what arrangements are made with Glencore on the distribution rights, it remains speculation.

KP2 appointing a CEO and being on the same timetable as Zanaga for announcing a strategic or financing partner for development of the mine (by end of April), and therefore increasing potential use of the port, is news that can only be positive. AD Ports are developing the port to make money after all, not as a social gesture.

That is why the two projects have a strong connection.

Cmon Eddsy, that is a bit harsh. Its hardly ramping. It is news.

Two major mining developments in that part of the country, both dependent on port developments to export their products, both heavily involved with China companies, both awaiting imminent financing partner news, and with the KP2 news on Wednesday, both having recently appointed CEOs.

Surely news from one company is therefore relevant to the other? And the KP2 appointment of a CEO is news - not speculation about ties to SA, UAE, Brazil, and others. However if you prefer the latter ahead of real news, then ....

"She was doing due diligence on in country and on the ground business conditions. 100%, and 100% that her findings feed through into the Chinese EPC engagement at Zanaga."

...and most likely relating to KP2 as well, which also will most likely be a Chinese dominated project, just like Zanaga.

"Those of us who take the investment as evidence that all is well - have been buying since 22 March."

That's a shame 99. I was seriously hoping the buys were another example of the historic KP2 leaks! LOL.

There have been over 11 million shares showing as buys since Wednesday 27th March though.

No idea if these have anything to do with the shares the directors agreed to take up in the RNS however. I don't think so, but I'm sure someone with better knowledge than me can advise?

Spot on, Driving.

With KP2 also seemingly close to announcing financing, its going to be an exciting year for the country too. Once the port is developed and Zanaga and Kore Potash are in production, it will be a huge boost for their economy - even though all are realistically 3-5 years away from being fully active. Denis' legacy possibly?

Agreed Driving.

We are getting closer and closer, and if today's buys were not directors taking up the new shares (which I don't think would be reported here), then the buys were definitely from insiders.

KP2 has always leaked like the proverbial sieve, and I don't think that stopped when Brad was disposed of.

Despite the majority showing huge disappointment, it was the RNS i exoected and we are getting closer and closer to development.

I cannot see anything to be annoyed about. The board have had no interest is selling Zanaga, and have always wanted to develope. And that is exactly what they are doing.

Despite mentions of SA, UAE, Brazil, Japan etc etc, I've always felt Zanaga will be a China dominated project.

I have zero problem with that. My only concern is that China will move very slowly with Zanaga due to their heavy involvement with Simandou.

Yes, I did wonder about that too, 99. Despite 8million plus sales, the share price hasn't budged.

Very weird. Hopefuily we aren't too far away from news that will clarify matters.