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I was travelling yesterday so saw that RNS in the queue for boarding! First reaction, of course frustrated as like many I want to realise my investment here after several years. Knauth still didn't comment in the RNS. 5 months and we have never heard from him. Not overly keen on the joint broker aspect, that sometimes means placing but then we know already that they favour the tranches approach to raising funds. I do understand that any serious strategic investors will want to see the new costings etc before offering. Are they the 'peers' referred to in the RNS? I don't think ZIOC should go down the route of trying to develop/raise millions for the mine. Sell to a bigger fish with deeper pockets. April should be better for us going by the RNS, patience required as you say.
I sold today too. If the offers full through it will head back to 300p so on a risk reward methodology, I took the money and ran!
Hmm I reckon it will be discussions ongoing, loan extended tbh. No real leaks in the media at the moment.
Https://maritimafrica.com/en/papn-construction-of-two-maritime-quays-progressing-perfectly-and-could-be-completed-by-september-2024/
This quay is intended to accommodate cereal ships and other bulk carriers, as well as mineral ships in anticipation of the resumption of activities in this economic sector.
Hmm, rich or disappointed maybe. Wouldn't surprise me if we get a statement saying things are progressing well bla bla rather than shafted. Surprisingly for AIM this isn't a leaky share but I would have expected news by now if it was going to be the 1000% RNS we are all hoping for. Life goes on. Your health is the most important.
Https://www.google.com/amp/s/amp.scmp.com/news/china/diplomacy/article/3255471/china-planning-break-its-dependency-australia-and-brazil-iron-ore-africa-key
More than 80 per cent of China’s iron ore comes from Australia and Brazil but Beijing wants to de-risk that supply. And the West African nation, along with other countries including Guinea, Liberia, Cameroon and Congo-Brazzaville, are the key to making that happen.
Therefore, it made sense to see Chinese steel mills go after more competitive assets – like Simandou, for example.
Clifford cannot be trusted. I sold out the last of mine at 17p. I own Microsalt directly. TEK get used as a piggy bank for inflated wages and has a history of terrible placings. Every time good news comes out a few times in succession you know the next placing is being lined up. Sure enough the same thing happened again. The price now needs to go up 60 or 70% to get to where it was recently. TEK is uninvestable and will remain so until a competent CEO is brought in.
Https://www.mining-technology.com/news/strike-guinea-mining-sector-disrupted/?cf-view
“This situation is untenable. Everything is at a standstill,” said another senior official of a separate mining company, who also requested anonymity.
Well you don't have to read them do you rude old twat.
One is highlighting the UAE are targeting mining investments after Nguesso's recent visit and the other shows the strong Chinese relationship between them and Nguesso. These 2 countries alongside possible Brazil/Vale look the most likely suitors for Zanaga.