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I think it is a pity for them staying out now. I have never seen a so concrete timeline from zanaga and so short timeline. things are in my view already agreed here if they expect to have 3 major milestones already in q1
Probably the best RNS we ever had in regards to being more concrete. "we are now engaging with strategic entities interested in participating in the Zanaga Project, and intend on securing a selected partner by the end of Q1 2024". This says it all. probably this could happen any day from now. dont understand why people are not buying in heavily on this news. for me it says it all. Game is about to be played
Share the same feeling. no need to go through a new cost study with chinese partner, and do the new company structure, unless someone has shown interest. when you have no money, I dont think even our BOD would start up a cost update study, if there was nothing else going on and no interest from potential buyers.lets see Q4 result. Q4 could be alot of news
My feeling is the SP is being manipulated. before any news on port etc, we where at stabile 8P ish SP for some time. Then the news on port and saudi hunting iron ore, and we went north. I dont see why we should be at 4p today vs 8p before port news, unless it is shard driving down the price to meet all the buyers we have seen last month, buying in 100-250K slots each time. for me seems strange these unknown buys always in same size level
I agree Xtrader. Nothing has changed since we were in 18p back end June. I also hold as I do believe there is a larger picture here to be released or else I dont see the efforts they put in the new ownership structure. It is just depressing to see how unknown trades drive this down everyday for last 1.5 month. My own feeling is a deal is done and some stakeholders in Congo need to get filled up with cheap stocks before anything is being released
How can there be a sale end of day for 4 GBP to bring to all day low. Manipulation in my view. Hope there is a bigger plan behind this trading, as everyday the closing reach days low, and has been going on for 4 weeks now. who would sell for 4 gbp? it is less than the fee
Wonder hos many shard has sold to stop this nonsens. are they obliged to RNS when first 12 M are sold or not?
either there is a reason for elphick and team to get the price down or it is really bad management planning
Must say shard are in my view complete idiots letting it drop to 5 today. dont understand why they dont keep a rock buttom at 6.5 that was average last time. today 800k+ sold. wonder if first 12 m are not sold very soon as july also showed alot unknown trades
Good find. I dont see why they would not give the name of the EPC partner unless this could easuly link the partner to something else. why keep it secret, if it was just a normal cost exercise for slurry pipe? I would say it had been much more logic to tell who we are hiring for this exercise and what estimated cost is. For me something is by purpose kept in the secret