Member Info for Veteran10

You're silly. LOL.

Some big buys today. Positive that those with deeper pockets are seeing a buying opportunity.

Wait 6 months and it will be 1m not 1.4m. Thank Jeremy Hunt.

Why wouldn't they say the value of the grant? It's important information especially when Clifford loves a placing.

Another pointless bs RNS. How much is the grant? Anyone could set up a company today and say the potential market size is in the billions. It means nothing unless the company is successful in taking a portion of that.

I still think Microsalt is very exciting and the current share price is too low but as you can tell I am very frustrated with the poor management here. I know I could run TEK better myself and many of the posters on this board no doubt could as well.

Https://www.fool.com.au/2023/06/14/why-are-asx-200-iron-ore-shares-smashing-the-market-today/

Certainly think ZIOC will have been busy but may be restricted by what they can say. There would be no point in the deal last December if they were going to be idle afterwards. I have even wondered if a further funding deal could be done with Glencore for small scale production to commence in order to attract a big fish.

It's been battered due to too many placings. Microsalt in particular looks good. Lucyd is a pile of s, Guident might be something in 50 years time and BELL should have been sold 2 years ago. The management couldn't organise a teddy bears' picnic.

Another bull s RNS. No one cares. Just get the doddery old moron out and put a CEO in place who knows the alphabet. 10p share price is an abomination.

Thanks for that, what website are you looking at?

On a sidenote, ZIOC feels like watching a cake bake at the moment. Look away and it will be all done, watch every minute and you go mad...come on give us that news and 50p plus!!

This company is a massive piece of s.

Shockingly bad management. Will it ever recover to 20p per share? Get rid of the incompetents in charge who only know the word 'placing.'

Sundance aside, it would be a railway line built to transport high grade iron ore to a port, with the railway line being a 16 hour lorry drive from Zanaga. Even if AD Ports build the Pointe Noire port it is still a 7 hour drive by lorry from Zanaga. I think this new railway line news has unlocked the Zanaga project somewhat.

It's 1137km from Zanaga, could be an option for our iron ore. What do the more clued up than me think?

Https://m.miningweekly.com/article/cameroon-to-start-building-railway-to-disputed-iron-ore-project-in-august-2023-06-07

The cynic in me thinks the sp would be pumped up artificially if a raise was coming. They know they FCA does bugger all when they sell before the announcement.

Therefore I think this share price is more market makers preying on nervous retail punters. Volumes would tie in with that theory too.

So what comes first, confirmation on the port or a deal on Zanaga? AD Ports have a year from March 2023 to confirm the port is happening as I understand it. Zanaga don't have to repay the Glencore loan until December 2023. We are all obviously hoping for a deal this summer, feels like when rather than if but when!

Come on guys. I think we all do well here. Good to see that markers rebound today. Hopefully we can kick on too next week. Will have a Google this weekend for any clues.

Not sure IPOs are the way forward. Lucyd has been a disaster. Private sale would be better and offer quicker returns. The share price agrees with me.

I am hoping for news before 16th June. Glencore can sell shares from then according to the RNS. ZIOC must feel they need to show progress by then.

10p would be good to break this week, I am not a huge chartist but I think we would move quickly towards mid-teens with any sort of volume. All about checking the news for any signs of progress in ROC. I keep an eye on general iron ore news and China and UAE resources news too. Skimmed £220 off the FTSE on open so off to the greenhouse now :)