The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Cheers Sooty, cheer me up why don't ya
99.99P mm's REALLY ARE having a laugh at us ODX holders.
Tw**s
Titanic (the RNS that's imminent or the ship is going down?? - draw your own conclusions folks)
I've just emailed Andrew about offering some re-assurance on expropriation of mining licences in RoC.
Lets see if he responds.............................
In normal times I'd fire off an email to AT asking him about his take on the expropriation risk to Zioc but he's gone awol so no point.
Is this something we need to worry about or is the fact that Glencore holds RoC debt a shield against expropriation??
Also, do Zioc have insurance cover for this kind of eventuality? If they are aware of the possibility surely it would be irresponsible and reckless not to have it?
DAKAR, March 11 (Reuters) - Avima Iron Ore Limited said on Thursday it had written to Congo Republic's government to demand it either reinstate the company's production licence that was stripped last November or pay damages of $27 billion.
Avima's iron ore licence was one of three that Congo's government revoked late last year and handed to a little-known
company backed by Chinese investment called Sangha Mining Development Sasu. The government said the companies had failed to meet their obligations to develop their concessions. The companies deny this.
One of them, Australia's Sundance Resources, announced in December it had initiated an arbitration process seeking $8.76
million in damages. Sundance said last week it had delayed arbitration by 30 days to allow discussions with Congo to
progress.
Avima, which said it had been scheduled to begin production in the first quarter of 2021, said in a statement it had issued
a letter on Tuesday to Congo's president, prime minister and mines minister demanding reinstatement of its licence within 30 days or indemnification of a loss it estimated at $27 billion.
The Nevis-registered company said the stripping of its licence "seems to have been carried out for the personal benefit
of certain Congolese officials and complicit third parties", without naming them, and threatened arbitration and other legal
proceedings.
"The Congo government's actions are obvious, blatant and clearly illegal," said Avima representative Socrates Vasiliades. The company said it is being advised by the law firm Clifford Chance, which is also representing Sundance. Urbain Fiacre Opo, a senior official at the mines ministry, declined to comment.
Congo shipped its first iron ore exports in 2019 from a mine owned by Congolese billionaire Paul Obambi’s Sapro SA.
Glencore is in a joint venture in Congo to develop
the Zanaga mine.
(Reporting by Aaron Ross; editing by Mark Potter and Jason
Neely)
Excellent, well reasoned post Poker!
The BBC are beyond the pale. Disgraceful, corrupt organisation. Exists only to further it's own woke agenda.
38 recommendations for my post yesterday!!! A record for this Zioc board.
Andrew and the Zioc BoD, is that loud and clear enough for you?
Can anyone explain, why on earth AVCT are up 10% and ODX are monging around on 1%.
It makes zero sense.
A big thanks to all who recommended my earlier post.
16 recommendations is unheard of for a Zioc post so sends a powerful, loud and clear message to the Zioc BoD that it's now time to deliver (I'm confident at least Andrew Trahar reads the board from time to time).
Again, thanks all and over to you ZIOC.
Paddy, he was just trying to get the price down for a lower entry.
If you were a "normal old investor" as you claim to be, then why have you only ever posted on the Vast board??
You are a paid ramper to get placings away and mug off investors.
Well now, what to make of the radio silence from Zioc????
It's never been like this before - AT normally replies to reasonable email queries. Could it be that they are under a strict NDA pending a mega deal?? Or am I being a dreamer again (rolleyes).
The timing would fit and the stars are almost perfectly aligned so why not now after 11 long years of waiting. Put it this way if you were putting the finishing touches to a huge deal, you wouldn't waste your time on a meaningless update rns.
One thing is for certain, a can-kicker rns of the type we are all so used to by now will go down like a lead balloon amongst the loyal die hard shareholders.
Message to Andrew Trahar - Andrew, another can-kicker will not be good enough and will prompt calls for board changes because you've had long enough now to sort something out in a fantastically favorable landscape. NOW IT'S TIME YOU AND YOUR BOARD DELIVERED SOME REAL VALUE!!!
I hope people will be able to recommend this post as it will send a signal to him that it's way past time they delivered for their shareholders after such a long wait.
Big red flags with Mr Sidley (?) ramping this. This is in a death spiral. Seen it all before with AAOG.
MarkSidley only pops up on here when a placing/consolidation is iminent.
He's ramping the poop out of it.
Wait! What?
You've been sl4gging Vast off for weeks saying how poor an investment it is and how bad the management are and now you announce you've bought 10 grands worth.
You've changed your tune (rolleyes)
I see they've woken up.
Started brighly but fizzled out and now red. Shorters now at their desks I guess.