Member Info for Veteran10

AIM is the wild west.

MK is ok with his options for total failure. Everyone else gets screwed.

ZIOC market cap is 25m now. I would take 20p a share and run atm! 100p seems impossible now.

Over 5m volume. Looking like someone is taking the cheap shares up. Something going on here.

12% down and new 12 month low. I am in until the end. No point selling now.

Question for Bear - Is too early to hit the whisky? This share is becoming a wipeout for us all. There were decent buys early in the week. Now it's nearly under 4p. Very close to giving up tbh. The company set their own deadlines and don't meet them. Full of s. Hit.

MBS could fund the FEED stage with the money down the back of his sofa. Just sensing a few buyers are around in recent days for ZIOC stock. I wouldn't like to predict the share price if we got an RNS saying a third party has funded the FEED. Bob WIlt made that comment about intensive due diligence being done on various projects in September. We had the This is Money article hinting at a deal in June. Iron ore prices are bumpy though which worries me a bit.

1 share = RNS logged

That was always the so called code ...not sure on it all myself.

Interesting article in FT about IXM bring China's answer to Glencore today.

Someone just put us out of our misery please.

Are these big sales Shard or games to flush out PI before the jackpot RNS...

The following are some notable developments in UAE-China ties last month:

Chinese Prime Minister Li Qiang visited Abu Dhabi in mid September to discuss strengthening bilateral ties with President Sheikh Mohammed bin Zayed Al Nahyan.

An official from the Chinese port city of Tianjin visited Abu Dhabi in early September, meeting with Foreign Minister Sheikh Abdullah bin Zayed, Economy Minister Abdulla Bin Touq Al Marri and DP World Chairman and CEO Sultan Ahmed bin Sulayem, among others.

China Petroleum Engineering & Construction Company won a contract last month from ADNOC Onshore, a subsidiary of the Abu Dhabi National Oil Company.

In July, China and the UAE held joint air force drills in Xinjiang, a predominantly Muslim province in northern China.

Hi ET -

UAE’s AD Ports Group inks major deal with China

Political and economic cooperation between the United Arab Emirates and China is growing, with robust trade ties and a visit by the Chinese premier to the Gulf state.

Adam Lucente

Adam Lucente

Oct 9, 2024

Tingshu Wang/Getty Images

United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan applauds during a signing ceremony at The Great Hall of People on May 30, 2024 in Beijing, China. — Tingshu Wang/Getty Images

AD Ports Group announced a deal with a number of Chinese entities on Wednesday in an effort to boost trade between the United Arab Emirates and China.

The Abu Dhabi port operator signed a “strategic memorandum of understanding” with Hainan Harbor & Shipping Holding Co Ltd, Yangpu Economic Development Zone and CSP Abu Dhabi Terminal to “further strengthen trade between the United Arab Emirates and China,” the company said in a post on X.

The deal covers the infrastructure, technology, energy and logistics sectors and promotes a sister port relationship between Abu Dhabi’s flagship Khalifa Port and the Yangpu Port in China’s island of Hainan, located south of the mainland, per the post.

Hainan Harbor & Shipping Holding is a state-owned port transportation company based in the Hainan capital, Haikou. The Yangpu Economic Development Zone contains a port as well as an oil refinery and in 2021 became the first development zone in China to allow foreign investment. The CSP Abu Dhabi Terminal is located at the Khalifa Port and is run under an agreement between AD Ports Group and China’s COSCO Shipping Ports.

The UAE has a strong interest in ports as part of its efforts to diversify and reduce dependence on oil and gas. The Dubai-based ports operator DP World secured a more than $422 million loan from two Indian funders in March to build a container terminal in northwest India's Gujarat province. In January, AD Ports Group signed a deal with Egypt in January to develop Red Sea cruise ship terminals in the North African country.

Why it matters: The UAE and China have strong trade ties that are on track to grow. Non-oil trade between the two countries reached $81 billion in 2023, a 4.2% increase from 2022, according to the official Emirates News Agency.

Overall trade reached $94.98 billion in 2023 and is projected to rise this year with nearly $50.11 billion in trade during the first half of 2024, according to the Chinese state media outlet Xinhua.

China is the UAE’s largest trading partner, while the UAE is China’s second-largest trading partner in the Middle East after Saudi Arabia.

Energy forms a large part of Chinese-Emirati trade relations. The UAE’s largest export to China in 2022 was crude petroleum, accounting for more than 53% of overall exports. Petroleum gas was the second-largest export with a more than 12% market share, according to the Observatory of Economic Complexity.

The following are some notable develo

Mrs Veteran's new kitchen is also on hold until I finally sell these ZIOC shares. I did my usual Google searches this week, nothing much of interest other than a AD Ports/China meeting but mining was not mentioned. I think we may need further China stimulus packages announced to get a deal over the line. If they wait much longer Nguesso is going to pass away and the country will be very uncertain.

I agree with MM that clearing the debt was a clear indication someone is very interested in buying ZIOC or taking a stake. If I was buying a business, I wouldn't want to take on the debt. The This is Money article ties in with a deal very soon too. It is just this share is like the boy who cried wolf. That's why the herd are not here imo. Still looking at houses Bear?

Driving/ET, what do you make of the $84m NAV. Even that is double the current share price. I guess they had to put a conservative figure on it...

September 2023 - a large port company interested and details of what in.

September 2024 - port development companies mentioned but less detail.

There was a definite difference in port news messaging. Not sure how to read that tbh.

I think a higher sp make a higher offer more likely ET. I know you will argue Glencore and Elphick hold a large % but if you were bidding, you would use any angle to talk the price down.

I bloody hope so. I already look a lot worse than 5 years ago. I don't want to wait any longer to enjoy some rewards from ZIOC.

Yes sounds like a Chinese entity waited for the Government stimulus package before wanting to commit. Could be a buyout quickly now.

Https://www.theafricareport.com/362616/why-fortescue-is-giving-up-on-green-hydrogen-in-cameroon/

What do you make of the above ET? I think you mentioned Fortescue could be interested in Zanaga.