Member Info for Mitch984

Spot on, Shaml89. As we know, this company did exactly the same with blockchain as they are doing now.

You will of course be shouted down by all the small fry who are desperate to regain their losses, just like we all were denigrated when we posted arnings during the blockchain rise/fall.

When the share price sinks below 1pm again, all those who vented against you will not post again through embarrassment. However if you have made one small investor think twice about buying this share, then you have done the right thing.

A well done from me. Your lastest post sums up the situation here very exactly.

"Good luck. I believe in my investment so not gonna take any investment advice from you."

I have no problem with your confidence, but will you come back on here is a few weeks when the share price is back below 1p, apologise to shaml89, and admit you were wrong?

No, I didn't think so.

CTEA will not generate any company income from this, just as they have never generated any worthwhile income over the past five years. The people that are laughing are the directors and warrant holders, who will all make decent profits from their vague bandwagon-jumping announcement, the subsequent ramping. and the naivity of small investors like yourself.

I posted this earlier in the week, but got shouted down as a deramper trying to buy in at a lower price. As if. If anyone is stil tempted to buy, just go back 3-4 years and find the Milestone posts on LSE if they are still available.

In the meantime, here is what I posted earlier for anyone who really does want to research this company. Yes they have a different board now than in the Milestone days, but they still have never generated any revenue other than from placings.

"I am surprised that nobody has commented about Catenae's previous history of tenuous links to current/hot technical developments that laymen (and AIM investors) don't fully understand.

Three years ago, when the company was called Milestone, they did exactly the same with Blockchain. Just by mentioning they were working on something that was blockchain connected, the share price went up multiple times. That allowed those connected to the company to sell many of their virtually worthless shares before the price sank back to previous levels.

The same will most likely happen again here. They were never involved with the official government app, and never claimed that they were. If you made money this past week, then well done. If you bought in a few days ago, then bail and cut your losses.

All, of course, just my opinion. However do your own research, and check out the old Milestone posts if you can find them."

I am surprised that nobody has commented about Catenae's previous history of tenuous links to current/hot technical developments that laymen (and AIM investors) don't fully understand.

Three years ago, when the company was called Milestone, they did exactly the same with Blockchain. Just by mentioning they were working on something that was blockchain connected, the share price went up multiple times. That allowed those connected to the company to sell many of their virtually worthless shares before the price sank back to previous levels.

The same will most likely happen again here. They were never involved with the official government app, and never claimed that they were. If you made money this past week, then well done. If you bought in a few days ago, then bail and cut your losses.

All, of course, just my opinion. However do your own research, and check out the old Milestone posts if you can find them.

Normally after hours PME's on AIM are not good.

Some kind of negative RNS tomorrow? Fund raise? Lack of progress?

"Isn't it time you joined the real world? Who are the "other guys"? Come back simonthezealot! Is your money still in the bank?"

beardozer - I think that comment is a little unfair. What about Fortescue, who bid for and nearly got Simandou?

There definitely are/will be non-Chinese companies interested. The only company that is not interested is Glencore - get rid of them somehow, and the competition for this asset will hot up quickly.

"Am i correct in assuming that no matter how low this SP goes (getting simply pulled down by everything else) that the company will not go bankrupt ? Some reassuring views appreciated please ?"

ZIOC will not go bankrupt. Even though their only interest is in marketing the ore, Glencore would not let it go bust.

Glencore's presence may be a disadvantage in the development of the resource, but they are a useful backstop in these never seen before times to make sure ZIOC keep the lights on.

And keeping the lights on for another 6-12 months from August until things start moving will cost peanuts in the overall scheme of things.

Absolutely amazed Fortescue aren't all over this.

Just announced a huge increase in profits. They are exclusively iron ore, all of which currently is lower grade than Zanaga. They were in for Simandou, so must be open to Africa expansion.

There can only be two reasons - they either know Glencore will not sell, or they know the Chinese have it tied up. Although the latter did not stop them bidding for Simandou.

As others have posted, I think Glencore are the stumbling bock to an outright sale. However that could change if their share price and profit continues to decline.

"Michael Haworth is the contact with Glencore. if he is selling, i dont think going forward ZIOC can do good terms with Glen on progressing the zanaga project. so, to me, if Michael Haworth truely selling, that is not good news at all. "

Ivans. Please do your homework before you post. Michael Haworth resigned as a director well over a year ago (September 2018), to be replaced by Johnny Velloza, who is far more connected in the iron ore field than Mr Haworth ever was. Mr Haworth had no direct links to Glencore at all.

Since he resigned, Mr Haworth has had no involvement whatsoever with Zioc, which is most likely why he has been selling down his shares through his trusts/offshore companies since September 2018.

Hi Extrader,

Good research there. My view is that the majority of large sales over the past year have been Michael Haworth selling down his holding since he resigned as a non-exec director, or moving his holding into smaller offshore entities that hold less than the TR1 3%. His holdings have never been very transparent, going back to Salamanca Trustees in 2017.

I don't think the other directors/founders and the couple of private investors have sold anything at all. Just Mr Haworth.

With so many different offshore companies and trusts being involved though, I don't think anyone will ever know for certain.

I don't think Glencore will let the Chinese have 100% of the asset, and that has been the stumbling block to a BO offer to date.

Glencore in my mind want to keep the distribution side, although do not want to get involved in financing the capital cost of the mine.

Just everyone ignore Simon.

He doesn't know the difference between a TR1 and a RNS, just like he didn't know Zanaga's registered office has always been in the British Virgin Islands. He also doesn't seem to know that Glencore is a partner in this "tiny company".

As regards a big seller in the background, that seller has been present for quite some time in my view, which is a huge reason why the share price has been so stagnant. I think we would all like to know who it is, as the major (+3%) shareholders on the Zanaga website have been unchanged for at least six months.

Let's ignore Simon's rantings this week, and concentrate on something much more important from Sooty "there were two tranches of 4, 631, 621 making a total of 9,263,242 shares sold just before 3pm".

That is over 3% so a TRI must be filed before Wednesday. Which will be more than interesting.

Confirmation that there is something in this? Why else would AT post:-

https://twitter.com/Zanaga_Iron_Ore/status/1219194391597867011

"Chen said the company would team up with other steel producers and jointly establish a fund to develop the mine, which would supply iron ore with an estimated cost, insurance and freight (CIF) price of roughly $40 per ton — well below the average price of imported ore last year."

Does anyone know enough about the Zanaga projections in the various RNS' to say whether our CIF price would be around the $40 per ton mentioned?

I think Simandou would be much more, so that may rule out Simandou as the mine they are looking for partners to develope.

Hi Sooty,

I have been in this share for 3+ years - and throughout that time there has always been a big seller in the background. Its not any city bods either - there have not been any large institutional holdings for a long while.

I've never been able to adequately explain it. With the low volume it could well be short term private holders dipping in and out for profit. The big holders above 3% have not really changed for some time, and all would have to file a TR1 if their holding dropped through a percentage point, so I don't think it has been any of those. For example, Guava are at 28.05%, so would only have to sell 170,000 shares to have to file a TR1.

So my feeling is that it is all related to short term private traders not willing to wait the few years for this to pay off.

Academy. This totally ignores the involvement of Glencore, who - because the project is so close to serious advancement - could simply pump some cash in if necessary.

C'mon guys. Align Research are PAID by the company to produce reports like this. That is now they make their money.

http://www.alignresearch.co.uk/our-services/

Another excellent video. Personally I think AT upping his game on the publicity side means that investment or sale is definitely not a done deal as some have been saying.

AT wants a similar situation to Simandou. That is, multiple parties - Chinese and non-Chinese - competing to be a part of this. Hence the wider publicity for the COIDIC agreement.

The first - and this is the very first - official mention of China by the company has to be a huge positive.

We all still need patience, In my view, it will be 2021 or 2022 before this will fly - unless Glencore end up so desperate for money that they agree to sell.

Fingers crossed on that!