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Todays price is of interest, however where we finish once key announcements are made and delivered, that's the real SP we are chasing. Tomorrows more important than where we are today. But lets enjoy the upward trend !!
All is slotting into place, just need someone to pull the trigger and release this into orbit !!!
This baby will fly.... question though, with so much potential surely the Institutional investors must realise the potential, are they waiting in the wings for next week to develop, or will they require further assurances before the push this higher??, if so what more do they need in place?? if they wait for finance to be arranged or a JV to capitalise the project, they would have missed the boat, as it would have already hit new SP heights !!
views... when will they dive in ???
I agree Sidney, I thought 40-45p, I cannot believe this is so far under peoples radar, but I am sure as soon as news is released, the key media responses will follow and the recognition of the potential will start to be reflected in the SP.
I hope there is a prompt response from ZIOC and Glencore on release of this news.
Together with an action plan to respond to such news which is a key driver to the development and funding prospects.
Although this is not directly linked to Zanaga or the Congo, its an indicator that the UK wishes to develp stronger business links with African nations.
Mrs May will fly to South Africa on Tuesday before travelling to Nigeria and Kenya as part of a trade mission aimed at boosting post-Brexit fortunes.
The prime minister said the trip would be a “unique opportunity at a unique time for the UK”.
She added the UK wanted to “deepen and strengthen its global partnerships” as it prepared to leave the EU in 2019.
Mrs May will be accompanied to the three countries – all of them Commonwealth countries – by a 29-strong business delegation.
Mrs May said a “prosperous, growing and trading Africa” was “in all of our interests”, adding the continent’s “incredible potential will only be realised through a concerted partnership between governments, global institutions and business”.
A Downing Street spokeswoman added: “The PM will use the visit to announce further support to tackle instability across the region, because nations can’t prosper without it.”
Global interest in opening up trade with African nations..... we like that !!
Its a shame she wont be in Beijing next week.
So 3 people have a huge chunk of shares...……...well they are not getting mine.
There is only one action here folks...HOLD HOLD HOLD
this has a long way to go s far as SP is concerned and ...….THE ONLY WAY IS UP ( there's as song there somewhere)
There will be a few stages of action before we hit the dizzy heights;
1st release IMF news / Port news /sign-off
2nd response ZIOC review / plan ist stage and transport options until port is complete. D
Do they still consider EPP as short term income, as main build will take 3/4 yrs and 2 billion.
at this point price will rise.
But what do we think price will sit at on ist news release re IMF and port sign-off ???
So if the following takes place as anticpated ( port sign-off IMF write degt off for Congo), then that becomes a milestone and allows Zioc to consider raising finance for Stage 1 rather than EPP development.
On receiving this news in Sept, where do we realistically think the SP will sit ??
Sensible predictions please !!
Extract from Halcrow Sea- consultants for work already done on the Oort development plans a long time ago.
http://www.halcrowsea.com/Projects/152928980272.html
analysis and downtime analysis for vessels operating in open sea with wave over 1.5m, period around 3s to 17s.
The first phase of Pointe-Noire project is located approximately 8 km away to the north of exist port in Congo (Brazzavile). This project was proposed to build two 300,000-ton ore exporting berths, one 100,000-ton potash exporting berth, two 50,000-ton multi-functional berths, one breakwater in the south of the port. Besides, onshore field consisting of storage yard, warehouse, logistics spaces and production supporting zone was also developed.
In order to meet the requirements of ship mooring and operation, HalcrowSea performed numerical analysis adopting Termsim II to evaluate mooring stability under typical condition (i.e. wind, wave and current condition) , and the reasonability of berth layout and design parameters had been verified.
remember the port facilities for the iron ore shipments were situated north of the terminal ( I think 15-25kms away) that would require an extension to the existing barrier/ quay to take up to 300,000 tones DWT cargo ships. This was a requirement for the key development phases 1 & 2
Whether the existing or newly to be developed terminal will be used for the EPP phase I don't know. However road and rail infrastructure would still need to be addressed.