Member Info for Mitch984

I'm just not sure what more the BOD can do.

They can't sell the project if there is nobody interested in buying - and there have never to my knowledge been any serious interest from anyone in making an offer. Probably because of the presence of Glencore, and Glencore wanting to retain some distribution rights.

That leaves the BOD looking for investment partners, knowing Glencore have no interest in financing the development. The hope was investment would be kickstarted by COIDIC, but they have just about disappeared.

Add to all that a serious lack of progress within the country on the port development and all the associated projects, and the overall position is just stagnation - whatever the BOD do.

I suppose they could put the whole thing up for auction, but I'm not sure Glencore would agree to that - and I'm not sure either there would be any bidders. Not at a realistic price anyway.

Remember that, through his share options, this is probably a life changing situation for AT if he can bring this to a satisfactory conclusion. So he may well be just as frustrated as the rest of us!

tuvok,

Rather than know why someone is not invested, I would honestly like to know why anyone would invest in CTEA?

I have been following this company since the Milestone days, through their claims to being a major blockchain player right up to their magnificent covid app failures. They have not landed a single meaningful contract in all that time. They are masters at dropping little hints through interviews and non-revenue producing agreements that something big is on the horizon. Then they leave it up to small time AIM investors to do the rest, knowing those investors don't have time or the knowledge to do detailed research.

Assuming you are one of the few that has in fact done their research, how about sharing why you think anyone should stay invested in CTEA?

I think Extrader has hit the nail on the head with his "change of dynamic" comment regarding Glencore.

Its been my view for a while that the only route forward Elphick and co see for Zanaga is to find a way to get Glencore out of the picture completely.

However even if they manage do do that, will it actually benefit us bearing in mind the complete lack of urgency within the country to assist in the development of any of their mineral assets. Iron ore, potash (KP2) etc.

The total lack of interest in buying the project from any of the large mining companies has to have a reason. Possibily Glencore's presence, or what they see as insurmountable problems within the country itself?

They already have the next scam in place - Digital ID.

The government will take years to discuss this, and you can guarantee that CTEA will claim they are involved with discussions with the government on it - when all they haved done is responded to an open invitation to anyone to comment on the theory.

Beware.

Thank you Extrader. That was actually far better and much clearer than a ZIOC RNS!

My view is that AT is as frustrated as the rest of us. - whether with Glencore, the Chinese, or just the general mining investment market in general. However we have to remember that, with his share awards, the success of ZIOC is most likely as life changing for AT as it would be for the rest of us.

Equally there will come a time without progress when he will no doubt sell his shares and just move on, as will most of us too.

As I have said before, I also think there is a reason for the silence, although I am not at all sure it has anything to with a potential sale unfortunately.

But what if Yantai Port Group and COIDIC arte not officially out of the picture, but are just not showing any urgency in their roles?

It takes both sides to move forward, and if one party is stalling, then there is not actually anything to RNS.

Hi Millerston,

We are long past the stage when interested parties would have to do their own costing exercise. ZIOC's were all done by reputable third party experts anyway.

The problem is, nobody appears interested in taking on the project. China, COIDIC, OZ, or Glencore. Why? Nobody really knows.

Extrader is correct though. If COIDIC or Yantai were totally out of the picture, shareholders should have been told. However if they have gone quiet and are showing little current interest, then probably not.

We are definitely missing a full and comprehensive update - and there has to be a reason for that in my view. Although I say again, I do not feel there is a potential buyer of ZIOC on the horizon.

Beware. Going forward, i will be rinse and repeat.

Now Guy has written off any contracts from Covid, he will start to drop hints about involvement with Digital ID. That will give him another two years or more of vague statements about potential that will bring the rampers back along again.

They have been doing it since the Milestine days, as several of us have been telling people for years. Unfortunately two or three posters who know the truth and have done their research will always be shouted down by the rampers.

I assume cesp, who only yesterday was plugging today's RNS as a milestone, will not be posting today?

I think the desired objective is purely financial - either a partner coming in with the finance to develope the mine, or an outright sale.

It is clear now that COIDIC are totally out of the picture, so we are back to square one really as regards a development partner. However I still feel there is something going on in the background that AT cannot talk about.

Personally I still think we need to get Glencore out of the picture completely. That to my mind is the only way this project will move forward.

I'm not at all sure that whatever is going on in the background is going to be the blockbuster conclusion we are all hoping for.

As an Africa-based poster told us all a few months ago, COIDIC are in disarray and virtually out of the picture. For some reason China do not want Zanaga on top of Simandou, possibly because of Glencore's presence. BHP just sold their interest in a coal mine to Glencore - a share they could easily have swapped for Glencore's share of Zanaga if there was Oz interest in Zanaga. Also nothing is happening infrastructure-wise inside the country despite all the talk over the past few years.

So, to my mind, that rules out an imminent sale to China or Oz, and any near term progress on development.

Having said all that, there has to be a reason for AT's silence. Whether we will find out in tomorrow's update we will see!

Cesp. I wasn't talking about company propaganda.

I was asking why any government body or large organisation would use an untested app from a company like CTEA with no contracts or income over a government approved international accepted vaccine passport already used successfully by millions.

Please tell me because I am more than curious.

Nobody WANTS to have to use a covid passport app, and I very much doubt that small orgaisations like badminton clubs will be forced to use one anyway. But if they were, they will not contract/pay CTEA. They will just ask everyone to show their vaccine proof on the NHS app.

"vaccine passports are a solution even if many do not like it."

Cesp. Please explain what this has to do with CTEA in light of the NHS app, which is already an internationally and domestically approved vaccine passport.

"Well you think that the NHS app is the answer. Now thats a laugh."

Of course the NHS app is the answer. It works and is already in current use. It does not need blockchain. It allows you to print out your vaccine proof too. Nobody anywhere will insist on anyone only using an app - paper will still be (and is) accepted.

Just remember - nobody wants to have to use this app, but will use it if they have to. As a result it doesn't have to be the best app around. It just needs to work, and be government approved. Which the NHS app is.

A totally untested app like the CTEA app will never get approval without a full and significant trial - and its too late for that now.

Haven't any of the over optimistic dreamers on here heard of the NHS App?

Vaccination confirmation on the app within an hour from which a QR Code can be generated, or a pdf to print out. App already used by millions, and is fully tested. Ready for Euro 2021, which starts in a few days. Also authorised for all international travel. Blockchain not requested or needed.

Can someone explain why the untested CTEA app will be needed?

Certainly the quietest I have known it on here for years. Has anyone heard anything from AT recently? Is he still in New York?

Woodstock. It doesn't need an RNS.

They were never in negotiations with the government, and they never issued any RNS to that effect.

All they said in an RNS was that they had contributed to a government discussion about Digital ID - which has nothing to do with Covid in any way. And they were not even invited to contribute - anyone could have.

Rampers on this board transposed that into being invited to contribute to government negotiations to produce a vaccine app!

"We need to know if the company is still in negotiations with the British government. Obviously a delicate subject."

Woodstock - they never were in negotiations with the British government - and never claimed that they were. That was just another example of the many exaggerated claims made on this board based on speculation rather than evidence.

" What matters is that NPH and BHA use their blockchain technology to securely record the data and submit it to the NHS"

...but they don't, and nobody uses the CTEA blockchain technology - because it is totally unnecesary for a vaccine passort.

"Our products can b used for a wide range of things and the world is heading towards everything being digital."

Agreed.

"We are in a good place to capitalise."

Why?

The NHS app works just fine as a vaccine pasport. I've had both my jabs, and the second jab showed up within an hour. There was never any need for blockchain, which everyone was touting as being the big advantage CTEA had.

Not one vaccine passport app, either domestic or for international travel, is using blockchain. There is just no need for it on something as simple as test results or vaccine status, especially when paper versions are also accepted everywhere. Not everybody (shock) has a smart phone.

The contributors on here who posted many times that CTEA were involved with the government in developing the app should be ashamed of themselves. There was never any evidence of that at all. And they weren't.