Member Info for Sidneysideline

The great thing about the DSO project is it’s relatively plug and play. Yes 3-6 months which would be ideal. Trucking details I understand are being finalised which we are due an update on in August, Sept. Very low mobilisation and logistics costs... Just think a producing mine with a value of 10p... I don’t think so...

Morning all
Yep that sounds about right Extrader... once again we come back to value and as soon as a Chinese or any other multi national express a significant interest this will move north. £1 or £2 again is a fraction of the value...
I would just add that a predictable acquisition is what is needed. For a company to do an acceptable level of due diligence and to be confident it takes time and significant resources.... hence why, in my opinion, there has been an element of stalling with DSO and EPP talk over the past 8-12months... Traders holding, selling and trading on snippets of info has stifled growth... but that’s just natural.
Long term investors, like myself, are not in any particular hurry to sell... very sticky!

Interesting debate as always. Once again I see no basis for a low ball offer sub £2. It makes no sense to sell at that... yes we’re at 10p and yes some of us have been waiting years.... the reality is it will be a lot higher than this otherwise the valuations and proposed development ideas and volumes are worthless. I also do not see Glencore selling any time soon. Again no need. A JV with a Chinese or ‘other’ is what they’re after.
Hold on and keep the faith... I don’t think it will be long now.

£11.95 - I remember this number from a while ago...
In fact I recall a conversation with another investor who said all debate and negotiations start at £12... those who have read my predictions in the past are around the £7... in fact a target I set a year or so ago was £7.12... time will tell.

Well put doc....

I’m not sure I see it as a lame tweet guys and gals... how can he come out and say... morning we have a jv with a Chinese multi national... if the deal is not quite there... this was some ‘seed’... anyway I’m not here to sell it. It’s for each and every investor to weigh it up... speculative investments come with risk and reward...

Morning all
Remember though that the EPP and DSO projects are not dependant on the new port... Zioc and Andre Trahar are not desperate... why would they be? We have one of the largest and most cost effective ‘green field’ iron ore sites on the planet... no Guineian ‘serious corruption’ (well possibly but the IMF have Ngassou so tight he can’t fart or spend a penny without permission). No for me this is an early nod to what’s coming over the next few weeks... it takes time to work through this level of project... it’s coming...
Good luck all...

Agreed Sooty. I would suggest that a few others I know, myself included, would take that figure to 20%. Not much left...

Hi Sooty
I don’t think the port can be priced in... stage 1 in a few years nets us $750m+ a year as it ramps up... AT has already quoted that 3rd party companies will be used as a factory production line to get the ore out of the ground and on its way to the Gabon / port Noire port... a Chinese JV which is what I think is happening will help facilitate all of this... Glencore are purely here as the trading arm...
Enjoy reading around the subject and let’s keep our fingers crossed today...

The press conference started at 10am... same time zone as us... I expect news within a couple of hours of close... 2pm? What I’m also expecting is a name check on Zanaga... job creation is huge here... 750-1000 locals. Very good press for the president... lorry drivers have and are being trained.

Something else to keep an eye on today... port announcement incoming?

https://twitter.com/sidneysideline/status/1151772641012985858?s=21

Ex... I really love a film quote... and that was a truly epic and awesome film... as a very good friend of mine used to quote.. ‘a great piece of cinema’...
I hate making mistakes by the way!

99 and all others. My apologies... I have my facts wrong... it’s the Investing in Africa forum later this year...
There’s no excuse apart from I’m away and my notes are at home... the memory is full of stuff and clearly mistakes are made.

Afternoon all
So I’m doing a bit of reading between the lines....
The government, major corps, suppliers and industry leaders would have known, a nod or a wink, whether the IMF were going to approve weeks ago... nothing is definite but they would have planned for the positive. Therefore hitting the ground running I expect quite a few local and national announcements this week and next...
They have to take advantage of the 3 years. The ROC people will expect it and his position in government will be at risk if this does not go to plan.
So what does that mean for Zioc?
1 - For me the port is a done deal... it would have been a stipulation, prerequisite, as part of the negotiations.
2 - The railway and other major road networks will see a massive injection... linking DROC... the new bridge.... and other major areas of the country.
3 - Agriculture is a staple of the ROC economy. A local businessman I have been in contact with is adamant this is a primary industry and will need the infrastructure support...
4 - The SEZ, well there are several planned throughout the country, is another opportunity to bring business into the area. Large corps like Glencore will need satellite offices to run their interests... money makes money if done properly...
FOCAC in September is a stage which Ngasso needs to step up to. Corruption is in the veins but massive direct investments will prevent fingers reaching into the tills. Africa and the world will be watching and we already know super powers are queuing to be front and centre... China, America, Russia... A triangle most intriguing. America can’t stand the Chinese getting one up, particularly at the moment with trade tariffs in mind; therefore the Chinese will double efforts to prevent the Americans getting a foothold. America will play the Trump card (apologies) and get their mega cheque books out... Russia are slow and a little blunt and will just steam in with wads of cash. Promise the earth and help any ‘brown envelope deals’... I’d like to say the British would be there but then we are squabbling over our neighbours and worrying about who’s cooking our Indian takeaways!! Sad eh! Oh and trying to save the world...

So in summary a huge step forward has been taken with the IMF decision. Trucking costs and final particulars will be reviewed with Jum bod over the coming weeks... news will drip feed through day by day...
Great time to buy in or top up. For those amongst us who need reminding... this is an opinion.
Happy days...

Let me know when you’ve watched it and made the Chinese connection Mitch.

Morning Mitch... he specifically called it out in the tv interview he gave a couple of months ago... See attached YouTube clip. I’d recommend watching all of it. Chinese funding around 7m .. it was a great interview and he was hugely upbeat. Incidentally not into ramping this. The opportunities speak for themselves.
https://youtu.be/xaVog3NlbwA
He has also tweeted a number of Chinese ‘requirements’... There is an element of speculation. There will always be with investing. My speculation is based on standing back and looking at the macro factors. Supply vs demand. Having been in large delivery projects my entire career the work that goes into definition, design, implementation is huge and sign off from senior board and share holders needs the right level of scrutiny. Often the game is changed mid way...
Overall I think this is a good opportunity. The fact I don’t post DYOR after each post is pretty self explanatory.
Have a good day and direct message me if you want. I’m only sharing what’s out there.
S

Morning
EPP and DSO, so pre stage 1, is not reliant on the port as Gabon is being proposed as the material route out. 1-2mtpa can be ramped up as the final sign off happens with the Jumelles board over the next few weeks.
What the port offers, however, is an incredible opportunity to redouble efforts on pushing the main stage 1+, 20-50mtpa forward over the next few years.
Yes a few people took some profits last week... fundamentally Zioc took a massive step forward for me. Short term volatility awaiting Septembers FOCAC meeting. I expect a few updates before then lifting confidence...
There is also the ongoing conversations with the ‘Chinese’ That Andrew Trahar has commented on numerous times now...
I don’t anticipate any warning before a big piece of news lands...

I think a large holder has been trading a little this morning... sell at 13 buy at 12 etc...
Lots of automated sells as well... sit back and relax

Evening all
Yes an incredibly positive day... it fundamentally changes the value of Zioc for me. It makes inward investment into the country a lot more straight forward and I think it will be a bit of a bun fight between various super powers... China, America and Russia... Long term mining will provide much needed financial stimulus away from oil.
A day to smile and tick off another link in the chain.

I am 99% sure there is not 48m in free float...