Member Info for rizq786

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

What's the option being referred to here in the email?

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.

I can't but notice that ever since you mentioned you sold out your posts have all been slightly on the negative side.

Maybe just random choice of selection

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.

As I remember it was Assets and not Zanaga per se. But still a welcome statement.

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.

Ask yourself how much money would it cost to put 40km worth of roads or rail track in?
As long as the volumes there and grades are there, we are very attractive for the nearest mine becauae capex and opex is very little.

I would add two things that make arcm a good case here for investment: ( I don't know too much about solg) we have a small producing plant now and secondly we are surrounded by big producers the nearest one is only 40km away. That's trucking distance or put it differently some of our area is probably nearer to the producers plantthan their own large scale areas. And in mining terms 40km is nothing.

Few things of interest for me: this framework of development and jv or financing options are now very active so potentially more news to look forward to; secondly the scope of 2mpt to 5 mpt has been put out which means a bigger development in under scoping study which is good for cash generation; the potential to create a steel mill can mean the steel to be used here in conco or African development which means more profit for us; and lastly this is not a lifestyle company who are looking to fund a salary for themselves at our expense, yes they're painfully slow but you also know theyre not going to dilute us shareholders to the orbit.

If you've got time then research what's happening around Africa and Congo recently along with the demand for quality iron ore and then give yourself a broader investment horizon for investment if interested.

Now its over to institutional investors to validate what we private investors think, if they agree they'll be buying in and that's what's going to really move the share.

I'm happy with the update and happy to wait for it unfold.

Good luck holders