Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"They were buys from yesterday,someone on here owned upto the 200k! We have had a background buyer for some weeks now and i am surprised we have not had an holding RNS"
I think the background buyer who showed up occasionally was only in 50,000 share buys. Totally different to yesterday's buys, and far far short of TR1 territory as extrader says.
The five buys from yesterday were all very large buys (totalling over one million shares) - which are the largest concentrated trades I think I have seen since the price was driven yo to 25p+ by the two private investors a few years ago.
That is very promising - especially so close to the Annual Results RNS in a few days.
Lets hope that RNS is not a damp squib and doesn't result in heavy selling. Just a few encouraging words about the port development would be fine with me!
"Looks like AT was at the London Indaba event today discussing Africa mining resources and funding. He was on a discussion panel. Google London Indaba and the agenda is on there."
AT was there representing Vision Blue though, rather than Zanaga - which I find slightly concerning if there is so much going on with Zanaga behind the scenes.
I am not expecting anything meaningful in the Annual Results RSN later this week. There might be (and probably should be) a reference to the port development and how that has the potential to be beneficial for Zioc. But that will be about it in my view as anything else would be subject to a non-disclosure if something really is going on behind the scenes..
There have been a lot of buys this week based on the impending RNS, so I would expect some retracement in the share price next week as recent buyers take their profits. Then it will be a nervous waiting game - again - for us long term holders.
Albi's comments on Zioc from last year are eerily similar to the garbage he spouts on KP2.
If anything progresses on Zioc, as seems very likely with the port news, that will open the floodgates for investment generally in the country. And KP2 may well be next.
"Not sure this will stop at 25p this time, I think we could be heading higher, lots of trades, and we have large investors buying in, identity unknown. "
I may be wrong Aberdeen, but I don't see any sign as yet of the big buys that we had when we got to 25p. Back then a couple of private buyers were buying between 200k and 700k shares at a time.
Smaller buy can still keep driving the share price forward though, but we need some kind of news at the end of week - even if not specific - to get us to the next level. Fingers crossed!
If it turns out Vale will be involved, and from Extrader and MM's excellent research that has to be a definite possibility, I can see it being a full buyout of Zioc.
I just can't see Vale wanting to work with Glencore on the ore distribution, even if Vale can come to an agreement with Glencore on the royalty payment.
Personally I would prefer a full buyout, but I know many would rather have the longer term benefits of Zioc being a partner in the mine's development.
"my question is the port is signed and we have stalled at 12p last time rumours had us at mid 20’s any ideas from people way more knowledgeable than me?"
Last time we had the port rumours and reached 25p or so, we had two substantial private investors buying shares. That was really what drove the price over 20p. This time it is all much smaller investors, even though the port news is now news and not rumours.
It will take a decent update from Zioc at the end of the month to get us back over 20p again. If we do get that decent update, it could fly much higher due to the small free float.
"apart from that my Zioc has completed the run for now and out... good luck sucker fools!."
Albi, do us all a favour and sell your 5 shares in KP2 now you have sold your 5 in Zioc.
"You'd expect bigger volumes, from people either in the know or making educated guesses, surely? "
The only big buys Zioc has ever had were from those two private investors back when we got to 25p several years ago. There has never been any other big buyers that I know of. Certainly not enough volume to file a TR1.
This current (welcome) rise is small-investor driven based (just as it was when we got to 25p) on port news and joining the dots.
This small-investor rise may well continue up to maybe 15-17p, but rises above that level I think will need some definite news from Zioc.
Hopefully there will be some positive news with the Annual Results RNS on 1st July.
We still need more news to maintain the rise.
The increase to 25p 3-4 years ago was because of huge buying by two private investors. We have no sign of that at the moment, so the rise from here on in with be news driven - either from the middle east or (hopefully) direct from ZIOC.
If its any consolation, KP2 didn't provide any trading update with the 2022 AGM either.
Instead there was the normal quarterly trading update for 30 June, which was released in mid July.
It seems it will be the same this year. However it was totally wrong that shareholders who wanted to dial into the AGM were unable to do so.
"I think we still need news on how to get the ore from mine to port. That may come with full year results."
Absolutely right Shrewd. The port news only brings up back to where we were 3-4 years ago when we hit 25p on speculation about impending port development.
We still need finance from a third party to get the EPP going - and a viable way to get the ore to the port. Until we get that, we will see speculative rises due to buys from small investors - but the big rises will only come with concrete development news direct from Zioc.
I agree it is disgraceful there has been no update.
However surely the port news over on the ZIOC board is positive news for KP2 also?
"A company like Glencore doesn’t hand over their 50% +1 share for fun.."
Shaun. Glencore have not "handed over" their share. They now own 48.6% of the shares in Zioc and also have distribution rights for the ore for the life of the mine.
So basically Glencore have decided that they want nothing to do with the mine's development, but if Zioc find somebody else willing to mine the asset, Glencore still want a huge amount of the profit alongside distributing the ore.
That is hardly "handing over", is it?
I also welcome MM's posts, as long as we all realise that all he is doing is "join the dots" speculation. Which, to be honest, is exactly what we have all been doing for the last 6+ years.
Sadly there is still absolutely zero actual evidence that ZIOC are progressing anything at all as regards the mine's development or sale. I just hope there is some positive statements in the end of month update, and not just the usual copy/paste waffle.
Jiving. That sounds about right as regards the takeover code ec, but I'm no expert either. As you say, it is an interesting prospect if it leads to a takeover offer.
Personally, despite ZIOC saying they are now in sole control of the project, I just don't think that is the case - and Glencore are still dominating because of their distribution rights.
If there had have been a way to get rid of Glencore completely, we would either have been sold or had a major development partner by now.
Lets hope we get some news in June. The Annual Results are due at the end of June, and that will include an update. Whether it will be anything more than the tiresome "significant engagement is underway...." is anyone's guess.
"Q. If we offered a 'Vale' our controlling interest in Zanaga for £1-a-share (£300m/$375m), how long do you think it would take them to accept?
A. 1 second"
...and how long would it take Glencore to decide not to accept it because they do not want a competitor to have access to, or distributing, the ore?
MM. The one thing I can't get my head around regarding Vale, is why Vale would be interested in Zanaga when they will have no rights to distribute the iron ore.
Are you seriously suggesting that Vale would put millions into Zanaga as part of a partnership or consortium only to then have to buy the ore from Glencore, who will have invested nothing in the mine's development?
OK, a total buyout would be a different matter, but all the indications are that we are looking at investment for development. And Glencore will not relinquish their distribution rights (in my view) in a development scenario.
Am I missing something? I sincerely hope I am!
I'm not sure I buy that discussions are now at board level, Shaun. AT is still in charge, supposedly, of investor relations, and I get the impression that nobody has had any direct contact with him for the past year.
I did hear indirectly last year that AT was spending most of his time on Vision Blu, and if that is still the reason for his Zioc silence then that is not a good indication that things are moving forward with Zanaga.
AT was very communicative when discussions were underway with the Chinese via COIDIC. We know the Chinese are now not iterested, but if discussions have moved in a different direction, then there would be no need for him not to return phone calls or answer emails from investors.
I don't have Whatsapp by the way, so do not know if he responds to anyone on there.
Has anyone had any direct communication with him in the past 12 months?