Member Info for technician

The problem will be Glencore IMO. Being in a partnership with them is a double edged sword. On the positive side it gives us strength and will hopefully reduce the risk of government or others helping themselves to our share but on the negative side, if they don't want to sell there is little we can do as I don't think anyone will be keen to buy 50% -1 share.

We are frustratingly in Glencore's hands.

I would be happy with 300,000 shares. That way even after the staff share incentives I should own 0.1% of the company.

Does anyone know who Seritza is?

I understand they took on the shares from Artemis Trustees but would be interested to know who is behind the companies.

Hi extrader,

Agreed. Glencore seem to have no appetite whatsoever to develop this mine (or they are just playing their cards very close). I don't consider this to be a bad thing as it does suggest they might be open to sensible offers for the asset. It's got to be a positive to any potential buyer that they would have the option of buying the whole mine and taking control because our 50%-1 share will never be a controlling stake.

Sooty,
In my opinion a raise is a possibility but in all honesty ZIOC have not had any money (in business terms) for years so I don't really think much has changed. Even if they diluted the business by 50% (which doesn't seem likely) any sell out would still see the shares being bought for multiples of their current price.

I do consider this a high risk investment, primarily due to the location of the mine but I'm still of the belief that the company is in a better position now than it has been since I've been following it (approximately 3 years).

As I recall it Glencore said they would sell assets at the right price. I don't recall any specific mention of Zanaga.

Agreed with you DrR. I can fully understand why someone would choose not to invest in ZIOC. I do consider it to be a high risk investment as there are a lot of things that could prevent the mine being developed. However, to have been invested for 3 years and sell now doesn't make much sense to me.
In my opinion we are currently in the best position we've been in for at least the last 3 years.

But also could be being more active because there is finally something worth writing about.

Perhaps the share incentive scheme has kicked AT into action.

https://www.brrmedia.co.uk/broadcasts/5df74f3c1727256b168b6a55/zanaga-iron-ore-an-introduction

Looks like Andrew Trahar is upping the ante and trying to get a bit of publicity for the project.

https://www.proactiveinvestors.co.uk/companies/news/909180/zanaga-iron-ore-s-significant-project-in-west-africa--coming-alive-again--909180.html

extrader 200p Alzheimer's Research
technician 384p Epilepsy Research UK
Dr Remington 250p Bliss Baby charity
Popples 1250p Forget Me Not
Rej23 450p Anthony Nolan
ShrewdDude67 - 460p - Macmillan cancer support
lynthip £5.22 McMillan Cancer Trust
HappySwinner £5.85 alzheimers society
NewKOTB 690p ellenor
Maske2G 500 TBD
EricEric 900p Charity starts at my own home
troken 350p MIND

I'm not convinced exactly what the Simandou offer is. All I have seen are the figures that have been given in the press. There is no indication of whether these figures constitute a cash offer or something else. That's why I am not paying too much attention to them until I know exactly how the offers are structured.

Anyway, back to the matter in hand:

extrader 200p Alzheimer's Research
technician 384p Epilepsy Research UK

In the case of a buy out I believe the share value could be in the range of £1.50 to £4.50.

If I had to put a figure on it I would give a hugely optimistic £3.84 per share.

I agree Longlad. This trouble for Glencore might just kick them into action with selling up the Zanaga mine. I'm now of the opinion this would be better for all of us as they otherwise seem to have no interest in developing it.

Although I would never base an investment decision on something I read on Twitter, it is irritating that people seem to be able to make up completely false information and post it on Twitter with apparently no repercussions.

Likewise Sooty. I'm not expecting any major developments this week. Hope I'm wrong but if not then it's no problem, I will just wait as I have done for the last couple of years.

I do believe someone will develop this mine eventually.

I'm heavily invested in ZIOC and can see the potential value of the company but I am concerned with the fact they have so little money left. What is the likely outcome if they run out of money before they either develop the mine or sell it?

I'm aware they probably have enough money left to keep going for another year or so but what happens if this continues to drag on, is it possible the company can be put into administration?

I hope someone with more knowledge of these matters can ease my concerns.

What will be the sp at close of play on 28th and close of play 29th?

28th

16p TheHoopedBaron
13.5p allthatguff
12.5p technician

29th

19p TheHoopedBaron
18.9p allthatguff
11.5p technician

*Just copy paste last list and add yours*

Not trying to be negative but if there was any significant progress we would already have heard about it.
This is still a long term play IMO.

What planet are you on Sandcrab? Topaz has never called this right and I don't suppose she ever will. What is your agenda?