Member Info for Mitch984

gta5 - I do agree however that there is no quick money to be made here in 2018. We will see a small rise if/when we get concrete details of the EPP. Then a rise if/when the port is announced. Then a rise when if/the EPP begins.

So maybe 40-50p towards the very end of 2019 (next year).

If/when Stage 1 gets underway, then we will be in the £s - possibly multiples of. But that will be 2020-2021 at the earliest in my view.

"So, if you disagree with any of my points above let’s hear it?! I’m all ears."

Gta5. I have no doubt that there are huge difficulties in the EPP, but you are again doing Zioc/Glencore a disservice by stating that an EPP will not be financially viable without throwing a billion at it.

If that was accurate, it would have been apparent to the joint working party a year or more ago and they would just quietly wait for the port to be built for Stage 1 to go ahead. Instead much of their focus has been on an EPP.

Zioc/Glencore are planning for the EPP to go ahead as a prelude to Stage 1 - Stage 1 being to an extent out of their hands as Stage 1 needs the new port. There has been absolutely nothing in the RSNs, AGM papers, or AT's emails to various board members/investors to back up your assertions that the EPP cannot be financially viable or is out of the reach of the company.

I appreciate that you can't get your head around how it would work - but you (or me) are not on the joint working party that has been working on this for the better part of a year or more. If it really was as obvious as you claim, why would they still be working on it, and why is an EPP update expected before the year end?

gta.

If the EPP is as totally impossible as you suggest, then why are Glencore and Zioc working so diligently on it? Both have far more resources and expertise to draw on than you so, if your claims that EPP is impractical had any credibility, I am sure Glencore/Zioc would have came to that conclusion themselves a year or two ago - and not wasted valuable time and money developing an EPP plan.

If your knowledge of the region is greater than Glencore or Zioc's is, then please enlighten us how you gained that knowledge.

Eric, I would have expected better from you, or at least some clarification.

The only common factors between Bellzone and Zioc are Africa and Iron Ore.

The financials and backers of the two companies have absolutely no correlation whatsoever.

While I accept that we are all a little over eager for news, I do also appreciate Sooty's point.

If Zioc officially tweet that there will be an investor's update "soon" and then, according to AT's email to Sooty ast Friday, decided to postpone it - they should also officially tweet the postponement.

There is little point having an official Twitter account if they don't use it to give information that doesn't warrant an RNS.

Sooty, why do you keep banging on about this? Have you already forgotten your own post from last Friday in which you quoted AT's reply to your email? If so, here it is:-

Andrew Trahar did get back to me this evening. Below is his reply.
-------------------------------------------------------------------------------------

Yes, this statement still applies.

Yes, it was our intention originally to have the investor event at the end of September or beginning of October. We have decided to hold off as we’d like to update the market on a specific aspect of work at the event, and therefore need to make progress on that technical work before we commit to timing of hosting the event.

Kind regards

Andrew

Andrew Trahar

C'mon guys. The October 1st tweet from the official Zanaga account said "we know we owe our shareholders an update on the progress that has been made. Will be announcing timing soon."

For some reason, certain posters changed the word "soon" to "imminent". There is a world of difference between the meanings of the two words.

AT has now stated in an email reply to a member that they are holding off on the presentation a little longer as they want to update the market on a specific aspect of work. That can only be good news for long term holders. The update was never "imminent" anyway, and even if it happens in November, that still fits with "soon" in my book.

The share price will of course continue to drift lower until the update and the paper losses of long term holders like myself will only grow. But, as many astute posters have said, patience is the key here..

Cmon guys. The October 1st tweet from the official Zanaga account said "we know we owe our shareholders an update on the progress that has been made. Will be announcing timing soon."<br /><br />For some reason, certain posters changed the word "soon" to "imminent". There is a world of difference between the meanings of the two words.<br /><br />AT has now stated in an email reply to a member that they are holding off on the presentation a little longer as they want to update the market on a specific aspect of work. That can only be good news for long term holders. The update was never "imminent" anyway, and even if it happens in November, that still fits with "soon" in my book.<br /><br />The share price will of course continue to drift lower until the update and the paper losses of long term holders like myself will only grow. But, as many astute posters have said, patience is the key here.<br /><br />

Extrader - an excellent and most likely very accurate appraisal of the situation. When we do get positive news and financials on the start of the EPP, this share will rise quickly because of the small free float.

The only caviat I will mention is that KE went from 3% to over 6% buying partly in a market where the share price was rising. That is a large amount of shares to be picked up from short term holders and traders when the price was building just prior to the anticipated (but not forthcoming) port news.

I have wondered for a while if there is another large holder out there who has been selling (other than Artemis, who sold out I think earlier this year). I thought Haworth might have been selling prior to his departure, although no RNS has been filed, which makes it a bit of a puzzle. In my head at least.

I suppose all will come out in time.

We seem to be losing track here, thanks to some posters' total negativity.

In summary, Zioc and Glencore are working TOGETHER on an EPP project that they are now extremely positive about. Full details will be announced by the end of the year with more information to surface no doubt at the October investor's presentation meeting.

Its pretty obvious to me that Glencore will fund the EPP as there is no indication that the company are looking for outside funding. An off take agreement may be involved - or it may not.

For long term holders, what is there not to like, other than the share price drifting lower until we get EPP confirmation? For short term traders in the share - they have already bailed, although they may well be back in a month or two.

"Thirdly that Glencore could provide the funding for the EPP in return for an 'internal off take'. "

I fully agree with this MM.

Definitely a very positive update on the EPP - we should have a conclusive answer on that by year end. Glencore being fully involved is a plus.

Very clear though that Stage 1 is hugely dependent on the new port going ahead, and they are not even considering seeking funding for Stage 1 until a new port is on the way. This is of course why the EPP is so important.

Share price will still drift until an EPP go ahead announcement, but for long term holders that is not an issue.

"No.1SS its just this sort of ramping that annoys people. What shorts?"

I agree - what shorts? There are no shorts on this stock. Just long term holders who see the huge potential, and AIM players who regularly trade/turnover AIM shares for small levels of profit (or loss).

Longer term holders (include the large PI - who has not filed a TR1 to show a reduced holding) have not been selling. Its the smaller traders who, on seeing no news, pull out to use their funds elsewhere in the market. They will most likely pile back in after some positive news.

And lets stop the imminent multiple RNSs nonsense. We should all be beyond that by now. The upcoming investors presentation, most likely later in October now, will be the next news.

gta5.

Perhaps you need to let Glencore and Zioc know that you have already calculated that a EPP is both impossible and not financially viable.

They (Zioc AND Glencore) have after all been working in great detail on such an EPP for the past six months or more, and have already stated that their plans are not dependent on a new port.

They really wouldn't still be working towards an EPP if the answer was as clear cut as you make it out to be. Would they?

Hi gta5. I agree that there are serious logistical issues before the EPP can come to fruition, but I really do feel this is exactly what Zioc and Glencore are working on. They must think they have a potential solution or they would not have spent the last year working on it. Instead they would have piled in on finding finance for Stage 1.

As MM correctly says, the EPP a very logical way to proceed in order to extra maximum future benefit to both Zioc and Glencore - whether by operating the entire project themselves or selling out when the project is already proving itself to be hugely profitable.

Hopefully the investor meeting will throw some light on exactly which direction we are moving in. Until then the share price will drift and we can only speculate.

gta5. I think you are not correct in saying that the real news is out of Zioc's hands. Personally I think the EPP will go ahead with Glencore's help on funding. The outlay is minimal for a company like Glencore, whereas the long term benefits are potentially huge - either by Zioc mining Stage 1 or selling out.

Zioc have already said that the EPP is not in any way dependent on the new port, and that they want to get the EPP underway well before the new port date anyway. They would not have made those noises without having a viable route to market.

My view is that Zioc/Glencore will control this project from EPP through Stage 1 and even beyond - unless they get a massive offer they just cannot refuse.

China may ultimately want it, but they will not come in until Stage 1 is close. The EPP will be Zioc and Glencore. We will still see a gradual rise in the share price once the EPP is confirmed, then a bigger rise once the actual profits from the EPP become apparent.

All my opinion of course.

"Honestly - I have seen this nonsense about market makers being short of shares or trying to manipulate the stock posted so many times, I'm at breaking point."

It really is about time someone said this! There are no shorts on this share. There are no MMs manipulating. There are no rampers or derampers working this board.

Once the share takes off in a big way, as we are all sure it will, there may well be all of the above - but not at the moment, and not at any time in the past few years.

Contributors to this board are all private shareholders with various levels of holdings, some of whom buy and sell to make short term profits, and others being long term holders. What we say on this board doesn't influence the share price - only the buys and sells do.

"But if you haven't worked out what happens with stocks like this in no news cycles, well you shouldn't be investing your money in AIM."

That amazes me too Gods, that some long-time posters on this board still do not understand this is AIM. Speculation will give the share price a boost, but if it is not followed by concrete news, the price will drift back down. I'm also waiting for 12/13p before I top up again. I may miss out if news comes in the next week or two, but I'm already happy with my holding.

Eric, the website is not totally out of date - the 2017 Annual Report under Investors - Reports (despite the 2017 heading) contains all the official information right up to last month. Although I agree the Project section could use a bit of updating.

Zioc could certainly do a much better job of promoting the potential of the company though.

C'mon guys. Everything posted on this board about Zioc is pure speculation unless its a direct comment on a company RNS.

People can post whatever they want about anything they want, but the only relevent facts we have are that:-

"A small scale project is capable of producing a premium product pellet feed concentrate with an iron ore grade of 66.6% with low impurities (subsequently upgraded to 67.4%). Logistics routes to two potential exit ports are under review" (from March RNS).

"The results showed that the most recent batches of Zanaga cold pellets had met all industry standard tests as determined by independent third party laboratories." (from August RNS)

Zioc have a new director (Johnny Velloza) with much mining operational experience, and some guy in the IOM has increased his shareholding above TR1 levels. (September RNSs)

Those are all the facts we have that directly relate to Zioc. Everything else - port etc - is still just speculation at this stage. The Investor Meeting, when confirmed, will I'm sure provide more information that we can consider factual.

"one of the most pivotal and intrinsically important roles (apart from a professional and vocal CEO) is an IR Manager who knows what info is needed and timely posting of it "

I have to agree with this. The company are now at a stage where attracting investment or an off-take agreement is vital. Creating an international buzz about the company can only help that in my opinion. OK, an important investor or partner is not going to pile in based on what they read on the internet, but if it brings the company to the attention of one potential investor or institution who maybe was not fully clued in on Zioc, then it has to be worth it. We have said many times on this board that Zioc is "under the radar". That has to change.

Opening a company Twitter account was a positive step, but tweets seem to have dried up. The investor's meeting if/when it takes place is another positive. But there is more that could be done to give Zioc a much higher profile - just as TCF says.