Member Info for Veteran10

Is he from Brazzaville?

Have often wondered if KB lost alot on Chariot and has a bit of a vendetta. Comments like will the sp even hit 18p on a farmout seek to belittle news before it comes. Who knows. Maybe just a frustrated holder like many of us.

Yep and just look at the ZIOC market cap in comparison to what Rio are willing to spend on a similar mine.

Https://www.riotinto.com/en/news/releases/2023/simandou-iron-ore-project-update

Https://www.riotinto.com/en/news/releases/2023/simandou-iron-ore-project-update

When are they doing to drill though...I hope the Chariot management are not already on holiday.

I think we will get news before Christmas, even if it is pre drill news. Going forward they need to learn under promising and over delivering is better for the share price.

Look at the recent RNS, they have set a timeline for each stage. In short news due this month and Q1 2024. Alongside that, iron ore is forecast to hit record highs next year. China, Middle East and Japan need it. So they just might blow that timeline apart and take out Zanaga. Green steel is a big topic in UAE this week. The Gulf Times Qatar website is a good source of information for business news in that region.

Analysts say the development, known as Simandou, could potentially become the world’s third-largest producer after Australia and Brazil, and account for 10 per cent of global iron ore supply. However, there have been huge hurdles and delays in developing the project, which involves Rio Tinto, three Chinese partners and the Guinean government. Developing and funding the infrastructure, particularly a 6000-kilometre rail line needed to get the ore from the mine to a port, has been problematic.

Good article on China / Iron Ore here.

https://www.afr.com/world/asia/china-s-losing-battle-against-iron-ore-price-controls-20231129-p5enr5

Is that an example of someone putting 250k on the bid to keep the price down and then removing it end of day?

OT he does remind me of Apollo Creed. Very encouraging to see him there!

Steaming turd this one. Avoid.

I saw this last night too and it ties in with the recent junior Nguesso meetings with Japan. Back in 2014, Zanaga were pitching themselves to Chinese and Japanese investors. Now they are sole owner of Zanaga, I suspect they have revisited old contacts. 100p a share and Japan can have it.

The problem is another placing could be at 3p. The risk here has gone up big time. And we know the CEO doesn't give a s about dilution.

I will be abroad. I am hoping they might offer a virtual option. Added just over 70000 today. Had some dividend money to spend so small top up.

Well I guess the amount of posters here shows there is interest and perhaps money to be made. I am toying with selling and clawing back the loss elsewhere still myself.

Bogus company now in my view. Shareholders have been lied to. They don't ever deliver on what they say. Imminent has turned out to be indefinite.

to be fair he tipped it around 16p and it went over 35p. it is the pullback which has been awful. i have written the money off. to be honest i think all of the portfolio is a pile of ****e now. tek is just set up to pay the directors a nice living. shareholders just get diluted and broken promises.

Share price is awful. You lose faith sometimes. Be very disappointed with this sp at the end of the year.