Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Well no reference to greenfield sites which is good - I think. I f they are in the middle of something then one cannot expect much more. All options still open? On balance probably ever so slightly positive.
Hope BoD are paying attention.
https://www.bloomberg.com/news/articles/2020-12-19/republic-of-congo-cancels-iron-ore-project-with-australian-miner
Extrader
If I am correct QKR Corp is no longer. I believe Qatar withdrew its support and that was that. Not that this has any significance here - merely an aside.
What I do see here is the name Mick coming up repeatedly. I would not be surprised to see and hear more about him with regard to ZIOC. Nothing concrete but he spent a lot of time on it and knows the entity extremely well and did exercise the options.
His nemesis is on his way…
Longlad
Please, this is just my view.
We have dragged on for 10 years and have had: wet pellets, dry pellets, road traffic, rail traffic, trucks, slurry pipes, every furnace test, site visits, port speculation, floating harbours - you couldn't make it up! etc and no progress. However the new Chinese discussions may well lead to something.
My"knowledge" is merely my view and nothing more!
Todays trading was absurd. Could someone with expertise please explain?
Extrader
You are indeed astute.
Pengilly was Haworth's boss at JP Morgan Chase and way before.
Both Pengilly and Haworth have extricated themselves from ZIOC. However I believe they both had urgent financial liquidity commitments and had to meet them. Pengilly initially bought out the Kulczyk holding from the son after the father's death. Kulczyk (father) was one of Pengilly's closest friends in the mining business and followed him over the years.
Pengilly I believe has indeed had "property" and Ncondezi issues and had fingers in pies and had to come up with funds which necessitated the sale of his ZIOC holdings in order to fund his commitments.
I don't believe Haworth's issues were too different either.
This does not mean that they did not believe in the ZIOC venture but that cash was a huge problem for both them. Selling at the levels they did confirms this - in my view!
We are close to boom or but - I think!
We will have to wait and see what the future holds. 10 years is a long time and I think we are getting much closer to the end game.
AT does what he is told and quite frankly given that he is keeping his head down is not a bad thing. This is Glecore and China - in my view. he also worked for JP by the way. Give him credit he has been Hanging in there for quite a while. His visits to China or lack thereof are of no significance at all - my view.
Mr Pengilly (Lloyd, Hanno's father) brought both Ncondezi and Zanaga to market. Interesting to compare the chart history of the two counters. Very similar traits. Also if you really want to get annoyed have a look at Gem Diamonds (Elphick & Co) chart as well. All stocks list well then fall off a precipice! Hoping for something different here. I guess AT is as well as he earns nothing unless his options perform.