Member Info for Mitch984

Would be interesting to know if the 2 x 500,000 and 1 x 1,000,000 delayed publication trades were buys or sells,

Anyone have deeper info access than me to be able to tell?

"Alot of ramping comments on Twitter for ZIOC. One even claiming AT has said there will be news early Feb.

Seeing as how nobody on this board has even been able to get any kind of response from AT for months, I also find this hard to believe - especially as we are already in "early Feb".

"Clifford Elphick, Non-Executive Chairman of ZIOC, commented:

"During the first half of 2021 the Zanaga Project Team have continued to progress key initiatives at the Project. "

....and during the second half of 2021 he will have to admit there has been no progress at all.

Some big sales today - looks as though either one or several holders are bailing out at whatever price they can get.

Bad news on the way?

Pity we were never able to discovrer how many shares were allocted to AT in place of wages. We might then have been able to take a guess whether it is him who is selling out.

Speculation perhaps that BHP have just re-entered Africa after a long absence, albeit with a nickel mine investment?

https://african.business/2022/01/energy-resources/bhp-invests-50m-in-tanzania-nickel-mine/

I did read in a different article that BHP were now more open to investing in Africa than they had been previously.

Having said that, the increased buys today, although heartening, were not large enough as regards volume to be meaningful. Many were very small punts, most likely based on Zioc being amongst the top risers.

Absolutely agree with Extrader. Could be good. Could be not so good.

Nothing positive has appeared as yet from AT's tie up with Mick Davis. In fact AT now doesn't seem to communicate about Zioc at all.

But, you just never know. Glencore are still in non-core asset disposal mode, so we can but hope.

While I agree AT may have been instructed not to communicate with shareholders, personally I think it is more to do with his reduced involvement with Zioc since his new venture with Mick Davis (Vision Blue Advisors UK LLP) started up.

I just don't think AT sees his future with Zioc any longer, although he would of course benefit hugely via his shares from any Zioc success.

Pure speculation on my part, but it is rather unusual for a company executive to be involved with a start up in the same commodities field - and with someone who has a long standing beef with Glencore (and vice versa).

The nudge seems to have worked, but the delayed RNS issue really makes me think that nobody at Zanaga even cares about Zanaga any longer.

They appear to be just going through the motions. Very sad.

I asked Bradley a similar question about a month ago, but he did not respond. He won't this time either.

There are no valid reason for anyone to buy CTEA unless they think they can pump it for a quick 10% gain.

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.

"Defineately going places ....... South!!

Reasons?

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?

I think the AGM has to be notified soon.

It was in October in 2020, September in 2019, and August in 2018 I think.

Not that it will contain any news I guess!

Hopefully Extrader has had some recent contact? AT does seem to respond to Extrader, even if he doesn't respond to anyone else.

Has anyone heard anything back from Andrew Trahar the past 4-6 weeks?

Or is he still blanking all emails and phone calls?

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.