Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
After so many false starts over the years, there is clearly definitive ground being made to bring this to fruition.
Whether its Arab or Chinese, or both, the partnership options are building. There has never been clearer, stronger indications verbalised by AT in the past. He has always indicated project plans, hopeful timelines, that have on occasions slipped, but that was when we were under Glencore's control. Having managed to change the structure, there was a clear drive to respond to what must have been requisit for such a structure to allow partner discussions to move forward. This recent period has produced a positive steps to take this closer to creating a a deliverable project than ever before. I wish all the LTH;s the best for this coming year, that we receive value for our much awaited patience,
Note: In 2021, a technical evaluation exercise was completed by technical consultants, Coffey Tetratech (in the UK), utilising western estimates for capital and operating costs
associated with the 2014 FS. This study was done to only a ‘concept’ level and did not involve a full ‘FS level’ estimate. The new Chinese EPC process involves producing
updated estimates to the higher FS level of definition – typically required for a construction decision
clue in the definition - closing line ..... its coming....... at last
Solid news within the RNS, which surprises me that the market hasn't been strong in reacting. We hit higher numbers than our current SP, based on rumours and less important data.
The. Result we ate looking for is now on the horizon. Only 9 years of waiting:)
Good luck to all long term holders !
RE: Charity sweepstakeToday 18-55
Great idea Extrader . will be interesting to see the final number. Based on the premis that we have a greater resource than has been initially confirmed and drilling has confirmed at least 1000 mtrs deep with pure core, we should not under estimate the value we could obtain, if negoitaited hard, as there is no other resource readily available to compete as such high grade /volumne. Hence I am going to be bold and guess £4.20
4.20 Rafaley Cancer Research & St Peters Hospice -split 2%
82p GTA5 U24.GOV.UA 5%
100p Tommo1985 Cats Protection 1%
120p SolomonB BirthLink 2%
138p cheets2 Christie Hospital 10%
141p Driving Christian Aid/Congo 5%
185p ShrewdDude67 Macmillan 2%
199p Veteran10 ?Charity ? %
200p extrader Alzheimer Research 2%
225p Iceman MND Research 2%
230p AberdeenMan Macmillan 2%
250p TheDealBreaker Hinckley Homeless 1%
285p HappySwinner Alzheimer Research ?%
342p nibj ?Congo humanitarian 5%
Zanaga we all know has the potential. Just a soon as we have a finance plan and miner, it will reach the real value for all our benefit. I've been in without a single sellout since 2014. Tested my patience plenty !! But I will not budget an inch on selling til that day of fruition arrives.
Good info today MM, hats off to that.
Good luck all.
There are signs that Glrncore are starting to be more active in Congo, having been so passive to date. They are owed millions $ from the Congo govt, the Sapro Mayoko takeoff agreement and hopefully infrastructure builds starting to happen, may well be the green light for Glencore to open up Zanaga to a 3rd party to develop.
Although I still see the EPP as being initial proof before the larger phase kicks in.
The time might never be better to maximise on the SP, let's hope things happen soon, I've been locked in on Zioc since 2014. It won't take much for this to fly, bearing in mind the jump to 25p after the environmental permit was released.
A third partner, EPP and finance will see this upwards in multiples. Imo. Pray !!
Well said 4Kandles, some sensible viewing of the RNS. This makes complete sense and offers a stronger position and more economical route to market, that can be executed quicker. The added element to this is , we don't yet know whether this has been shared with the Chinese, in which case costs could be lower still for the slurry pipe build. This is positive news for LONG TERM HOLDERS only in my view.
Maske2g,
so that was a big call based on your quote ' The call was, break of 9 - 14 range on a monthly basis and we would see 6 and then 4 to the downside, and 14 then 24, 52, 75 to the upside. '.
So somewhere between 4 and 75p was your worst and best case !!! hardly a prediction just a range it cold be sat in, bearing in mind a couple of years ago it was 2p and hit 26p. You know as we do, the effect on the SP is frustratingly based on market conditions. So are you buying ,,,,,,, or still mocking ?
Jez, one question.... having made an initial decision to buy in when the price was obviously in the 20p region for your £1000, what made you make a decision to buy ?
then tell me what has changed to make you want to winge. ( other than the current market price ?
Then ask yourself where u think the price will end up after a JV/ buyout ?
Please give me some perspective and thought on your intial thoughts and where u think it will price out, based upon what the activity the company is doing within geh project with the Chinese at present. You do know what COIDIC is as a consortium don't you...?
Hi Jay, too true we need an update.... things are to quiet, hence the stagnant SP, so flat !!
I agree it makes sense for a steel mill front line and centre, I just don't understand why Glencore are so passive with this project.
Serious investors are only going to hold this, traders are only looking for a short term gain. There is serious money to be gained by being patient. The reward will come for those that hold for the long term. Although to be fair that may not be too far away. Trying to be smart and trade it could leave you behind, because when this blows it will lead to suspension IMO. Good luck all, the jigsaw is coming together.