Member Info for sadako

Furthermore many instis are sitting on their hands until the Donald’s Liberation Day speech on Weds..

Insti buyers take a little while to decide on buy in/out and more to the point new investments often start in the new quarter if it’s close at hand.. so my guess is if we are going to see any insti buys we will start to see them next week some time

I bought more yesterday as I reasoned that: the fundraise would be completed as expected (in fact the news this morning is better than expected), the price was being held while the transactions were being executed, the buy price of 7.62p was quite likely to be the lowest I would be able to buy at and the various parties involved would now be able to get on with things. No GLEN now, experienced group of backers who are heavily connected, power and port deals in place. It’s my belief that the excitement starts here now all the preamble is complete.

“What are bandits going to do with iron ore slurry?” - thanks Jiving for starting my morning with a belly laugh, nice one! A phrase that will stay with me as long as I am invested in ZIOC and beyond!

I think those comments are on the money.. it’s quite simple in some ways for us as investors: the transaction price between the consortium and Glencore doesn’t matter, what matters is that Zanaga will now get developed and that the greater number of shares in issue means the final price we realise for our holding will be somewhat lower but I’m not going to grumble (too much) about, say, 200p instead of 350-400p. The dilution could have been less, of course, but at the time it was struck it was what it needed to be to incentivise the consortium for their risk

Ok, thank you. Not sure how you know that (unless you are one of them or know one of them) but I’m not going to ask!

Our buyer of 200k blocks has paid almost 10p today. I suspect they may want to accumulate more and thus we may see steady gains for a few days, rather than have a rocket to the moon RNS just yet

Just a note for those who are not aware, something that has no doubt being posted on here in the past, it was former Rio Tinto man Colin Harris who project managed the Simandou discovery and then brought his team to do the initial feasibility studies that showed the extent of Zanaga and prompted Xstrata’s involvement and heavy investment

This seems clearly now to be a project that is going to proceed. Another piece of what is required to progress it slots into place.

The share price is still in the 8s But the inevitable rise as more pieces fall into place is likely to be steadily managed and gain momentum

My take is that it’s just gap closing and coming back to touch the 20 day MA before setting off up again

200 day MA about to join 20 and 50 day MAs in moving up

Depends on the fund. Micro cap funds will invest from £50 million market cap, $50 million in the US

Also, and apologies if this has been mentioned already without me spotting it, market cap now around £50 million permits certain Funds to buy in, who are not allowed to deal in companies with market cap below that.

Could be very significant for share price progress

'1' trade at the offer just now. Happened a couple of days before port news. Often posted when planned RNS logged. Allegedly.

Intriguingly an 800 trade was posted first thing at the offer. This is documented as one of the market maker codes, in this case ‘prepare for an increase in trading’.

I know some look for these signals and others think it’s nonsense, but I find it interesting at least to see what ensues. I’m more inclined to believe it’s a signal than a £36 trade! And it wasn’t an AT.

Nice analysis Jiving. If you’re right - and I think you may well be - then any 4 Dec RNS would likely be after market close (as is often the case with Zanaga)

Yes the state holding company could be the mechanism for revised deals that put stakes in the licensees into the holding company in return for handing the concessions back.

If you look back to last year this looks like a double bottom on the chart.. just saying!

20-day about to break up through 50-day, 50-day has finished downtrend

And it’s just technical and it’ll be done soon