Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We have iron ore is and lots of it and very high grade too.
Either the big guys want it or they don't.
If they don't (bad news) then we have to do it as no other option. So either 1mpt which is more feasible even for little zioc or 12pmt much harder offcourse. So options are there.
If they want it then who wants it?
If its not the Chinese then they need the port and this has been made a better option for them now.
If the Chinese want it then it has made a quicker option for them now. But the Chinese were not going to just agree ant price they would bargain based on their control of port etc.
So all in this has has given zioc some bargaining space.
To be fair well say all three above are possible,
No interest
Chinese interest
Non Chinese interest.
When the sp is down that's when you have to think harder and research more to check that the investment is worth it or not and most importantly can you make money here?
Never fall in love with a share as every share gives you can equal chance of making money.
E.g, Your investment is worth 1000 now (that's your capital now, loss or profit) with this 1000 where can you make money is the question now. Is there another company that has better chance or do you think this has a better chance to make money for you
Me personally I will keep my money here as I know this company, their prospects, why the sp is depressed and what news I await.
Think hard and make a choice because its your hard earned money.
Good luck all
We have 3 big collaborations Atm and Astrazeneca is the biggest of Pharma.
There's also a lot of interest right now in the AI Pharma industry
Once the MMs have their fill watch they'll raise it without news
And of we have further strong news then it will go up quickly as the MMs don't have much shares atm and that is one reason for the widespread
Also look at what's possible here and sit and wait. You can't gwt into every share nor can you tune the highs and lows all the time but find a share that has very good people, potential and the right industry and at the right curve.
Good luck to all
Obviously the long term holders know of all the background issues which are positively lining for us in terms of Chinese demand, supply disruption, Aussie trade tiff and the regional development plan, my question is can anyone think of any reason why COIDIC will not want our asset or slice of it?
Whilst vilification of China for the handling of the virus maybe warranted but the general tone of painting China as the baddy is not warranted imo.
As mentioned here, Chinese interest in Zanaga may turn into necessaity. They're already working in Congo, have partnered with Ziop, have the money and necessary expertise in the mega infrastructure and mining and lastly there is some tension with its majory iron ore provider.
I'm really keenly waiting for the update and praying it's a buyout, if not then a JV to get a move on, or atleast firm dates for Early production scheme.
Good luck all. Can't be long now
Whilst I agree the twitteratti ramp things to high heavens and quickly move on to the next ramp but the prospect here is decent going by their recent sales and level of enquiries. As for buying off a middlemen and contacting manufacturers directly, it doesn't work like that in the real world. You almost always deal the specialist service providers. If they are inundated with enquiries then we should expect a significant deal to land in the near future.
The sell price is creeping up slowly as it is really at 02.40p. There is some background buying/selling going on which is affecting the spread and movement. We'll find out soon
This is already a money generating company with and has said it has the highest demand it has ever had for 2020. So cash of 8.7 plus placing money of 5.2 would be equivalent of approx 13m subject to depletion.
Plus they said there's potential for more collaboration with others regarding affirner based reagents.
So just like Odx has announced a new collaboration we could potentially do that too.
But honestly now it's all about covid-19 and that's where our resources should be directed.
China are setting up for a big stimulus in the tune of 500 billion for infrastructure and big projects to get their economy going. We know COIDIC are working with ZIOC to work out costings and other relevant things. And the coronavirus effect is reducing in china now and as a result they're slowly getting their industries and businesses moving.
We know that if they need something they'll get it done. Built a hospital in 10 days so they can surely find ways of improving the cost of Zanaga as well as timeframes.
Good luck all
Please be clear it's not 8 million in one go, it's staged payments of upto 8 million depending on milestones over 5 years. What we are getting is 450 Australian dollars now and another 300 Aussi dollars in 6 months.
So at least some money towards this years drilling. Plus the raise with convertible loan of approx 1.7 mil. If we get another 2/4 million for casa that would do nicely for this year's accelerated drilling.
And if the results are good we can hope some progress with the NDAS that we have with majors.
And hoping there will be some positive update with the demo plant.
Our SP base range is 2.5p / 3p so it's a good entry point. Can't and don't like to predict SPs but we look in a good position for 2020.
The board have known and made known their cash positions both reserves and spends in the last few rns. So they must have a plan for it and if they make last minute calls then that's a very poor judgement call from the BOD. Either they get the cash position sorted early(which they haven't) or they make a last minute raise (poor call) or they have something planned(a director loan etc) or there will be no need (JV, FINANCE OR SALE).
It's not just the 5th largest but very high quality with low impurity, that's what China is after for use and others would love to sell. Secondly all the paper work, laws and DFS has been done and in fact some upgrade has been done to DFS to reduce cost etc.
There's still risks and delays can be possible but risk vs possible reward ratio is good here.
Good luck all
Yes we're at 8.5p ( Zanaga 50million) but simando went for 14billion with slighter bigger asset but with more infrastructure cost and zioc has much lower development cost so why the difference, so that's why it's not funny but more a puzzle as to why the difference.
This was an earlier post of mine.
With zioc there's 4 scenarios: rasie significant amount for the company for running and capex; raise money for running perhaps a million or 2 and finance the capex; JV for opex and capex and lastly sell out. Which ever you look its a step forward to releasing the potential of this mine which is worth in the billions. Some options are better that other obviously but from our current mcap the risk v reward is very good.
Good luck all.
Why were you waking up at 6. 30am? Since you've been invested for 3 years or so here, you know that Zioc don't have a history of raising funds nor do they have a history of giving out RNS regularly once a quarter mostly.
Since you've recovered your money that's a plus and totally come out of Aim it's also a good point as its difficult making money on Aim.
But we are sometimes we are more culpable than the market for our losses.
With zioc there's 4 scenarios: rasie significant amount for the company for running and capex; raise money for running perhaps a million or 2 and finance the capex; JV for opex and capex and lastly sell out. Which ever you look its a step forward to releasing the potential of this mine which is worth in the billions. Some options are better that other obviously but from our current mcap the risk v reward is very good.
Good luck all.
Thanks Fulmar your updates.
I think being a pure copper play now is good for us as little distracction elsewhere and no expense elsewhere. So we are at 18mil mcap ATM.
We still have enough money to drill the based on the drill for equity. And hopefully some more good grades to come in as we have a 85% strike rate of around 1% ave shallow depth. Then we have the rainy season and, hopefully, when the drilling season starts we have an even better idea of where to drill. Also some cash from our plant and the $1.8mill comes in for another round of drilling campaign. And if the results are good and more anomalies come in with the same, then that's when, IMO, we become active.
Can't ever predict share price because market is unpredictable.
Good luck all and I hope everyone has a decent average and we can make some money here.
Something that I've observed in the last couple of years is from november towards the end of the end of the year shares across the junior market suffer. Maybe investors derisk for the long festive period I don't know. Just my observation.
But here for me the share is getting slowly derisked as more things are being lined up. Most important for me, at least is to know that the risk vs reward is more favourable as AIM can wipe you out easily.
These are the very recent things that are positive for us:
IFA lending to Congo
Large scale infrasture go ahead
China committed to high grade iron
Simandou attracts massive bid of 14b plus infrastructure cost
Coidic framework for development
Good luck all.