I see the ****roaches have begun the afternoon shift, judging by the smattering of green on my aaog BB. It's nice not to have to read their crap posts.
Excellent RNS! I suspect we have reached a turning point following recent uncertainty. Next up, drilling and cashflow, followed by SP re-rate.
Also, last night I filtered out half a dozen muppet trolls and I can't tell you how much better the board looks this morning without their bile infecting it. I seriously recommend it!
Warren Buffett: buy what's hated and sell what's loved.
Guys, I’ve had enough of the trolls on here so creating a filter list. MrAim already gone and I’m asking for suggestions about who else to filter out. Answers on a postcard please.
@angloafricanog DS/JB what the hell is going on? Share price destroyed and sentiment dying. You both seem to be busy snatching defeat from the jaws of victory. Please guys, LETS GET DRILLING and GET SOME CASHFLOW. Time to give some hope to your faithful shareholders!!!
Tweet just sent, for what its worth. Suggest others do the same.
Guys, I know we’re all down about the drop on Friday after expecting a rise on IMF news. But, fret not, a huge piece of the puzzle has slotted nicely into place and another duck joins the line. This IMF agreement is massive and unlocks all sorts of possibilities now.
I think port news is upon us before end of Sept. That’s when we start to become rich!
This project is totally derisked because the IMF agreement forced the RoC to build a port as thats the only game in town that leads to economic diversification demanded by the IMF. Its also what the RoC govt wants and needs for its own survival.
Just sit tight, ride out the short term noise and wait for the riches to arrive. They will.
Academy, it's not the amount that's significant here, it's the signals that it sends to everyone watching like the Chinese, venture capitalists, banks and other lenders, Institutional investors and other interested parties.
This gives cover/legitimacy to them and is like a big green light for more inward investment. Congo needs to keep to it's side of the bargain by diversifying it's economy away from oil. This means infrastructure. This means (high grade) iron ore. And guess who's got the mother of all iron ore reserves??
I think Zioc, already de-risked because of proven high grade reserves and Glencore JV patner, has now been EVEN MORE de-risked with IMF on board. Exciting times lie ahead for us LTH's. Hold your golden tickets tightly!
Great time to add more as yet another important duck falls into line.
Being AIM, I’d expect a tree shake early doors before recovering later on. This now has 25p+ all over it for starters. Port announcement could drop anytime and that’s when this ship sails. IMO
Indeed some excellent, well reasoned posts below. Just hope this meeting goes ahead now and has good outcome. If so, then we’re REALLY off to the races.
I think most holders now are lth prepared to wait 1/2/3 years for this to really catch fire but wouldn’t it be nice if it happened much sooner, perhaps this summer. Gla.
I predict these could get to 15p this coming week as we get closer to IMF meeting. If the meeting yields favourable decisions for Zioc, we could smash past 26p achieved last Sept.
I sense there are lots of machinations going on in the background. Never forget that we HAVE the resource there waiting. No wing and a prayer of discovery, we’ve already done that stuff.
Personally, I’ve been treating this as a pension that one day (hopefully not too long away) make me rich. Hold tight!
Maybe has reached it’s bottom and ready for a reversal. Fundamentals haven’t changed since sp was 16p. If anything better as when it was 16p we didn’t have djeno flowing to surface. I’ve got a modest 100k shares that I am happy to hold for gold however long that takes. I’m underwater a bit but unworried as I don’t need the money for 10 years or so.
This share could surprise to the upside very quickly and these low prices rued as a missed opportunity to get in cheap.
I’d like to see some surety on reserves, licence terms and a solid, deliverable, imminent production plan. I suspect there is exciting stuff going on behind the scenes and I base this on JB and his proven track record of success.
All that’s lacking here is sentiment (due to poor news management, broken promises and slipped timelines). Just 1 rns with the right noises and that sentiment will come flooding back and you won’t be able to buy. I stick by my prediction of 30p by end of summer and 50p by xmas.
Don’t forget, both JB and DS have skin in the game and need the share price above 20p to benefit here. What an incentive!