Member Info for Veteran10

StarBroght, when we spoke on the day of the Rns I made the assertion that I believe a deal is already done just not signed off officially. You responded with the below. Perhaps I am confused but are you now saying different?

Price: 9.48

No Opinion

RE: Gap Closed3 Oct 2023 13:03

That is my take too, @Veteran10. There are a probably a lot of throats to stuff (not just management!), and this takes a little time to organise and effect. I am hopeful that there will be concrete news before Christmas.

It is v possible though that they won’t be able to keep a tight enough lid on this as the in-the-know circle is expanded. So news could break at any time. If you are interested but don’t yet have a position, I think it is time to act.

It's not going to take 12 months for a much higher share price. That's for sure. As you said they have told us what to expect in Q4 and Q1. Still hoping they have been conservative with those ETA as well personally.

Good call

Make some good point imo - Anyway I better get going for the day!

What's not to like in last Friday's RNS? Zanaga is all set to be developed and ZIOC shares will be in pounds not single pennies by the end of 1Q24. No doubt for me about it. Hard development news is now backed up, and with it that surge in the SP.

The reason being is that last Friday's RNS was simply the tip of the iceberg. We know as much because, firstly, the company have said a much, and, secondly, from news reports out of the Congo itself.

The RNS detailed the timeline of MoUs in 1Q24 for a Hydro power partnership, a Port partnership (for a 30mtpa mineral port), and a Strategic Partner Initiative - (the winning partner (consortium) to be 'selected' by ZIOC. What a word! Just think what that implies...). These 3 MoUs are now just waiting on the Chinese EPC recostings of the feasibility studies. Once in the company have queued up the MoUs for signature. The EPC is officially a 'partner', whilst the Engineering, Procurement, and Construction designation tells us that the Chinese partner can (and will IMO) build out a turn key solution of a developed mine. 100% that's the deal. 100%.

So how do we know that the RNS was just the tip of the iceberg of what's going on, and that plans are very likely much more advanced?

1. SEPT 2021: STRATEGIC INVESTOR DISCUSSIONS

Jumelles has received, this year, approaches from a number of entities interested in investing in the Zanaga Project. (caveat) Further updates will only be provided as required by market rules.

> The ZIOC BoD have told us, and since 2021, that 'strategic investors' have been involved, but that ZIOC will keep their cards as close to their chests as market rules permit.

2. Way back in March this year Rosatom were in Congo detailing their plans for 500MW of distributed hydro power generation.

https://tass.com/economy/1590125

3. AD Ports. In April Little Den revealed on his LinkedIn that 'they' planned to build ports all along the coast from Pointe Noire (existing port) to Pointe Indienne (mineral port).

4. Last November Glencore ceded majority ownership and executive control of Zanaga to ZIOC. In my opinion they would have **ONLY** done so on the express 'request' of strategic investors. Clifford Elphick tipped us as much saying, ' demonstrating to third party investors that the Project is now represented by a single entity and management strategy.' and that 'The Company expects that the factors mentioned above will enhance the attractiveness of the Project as a potential investment for large strategic investors.'

>> All in we are just being told the minimum, but looking behind the curtains tells me that the deal is done - pending that EPC report due this quarter.

Any day now.

££s not pennies.

To be honest, as long as we finish up over 50p I won't be too fussed. I think 50p is a very low ball prediction but would still be a very good sum realised. Hoping for news out of the blue and earlier than expected. Catch the traders out.

What's your take on the next few weeks MM?

Anyone would think you sold out this morning Beardozer. I didn't expect 50p in 2 days. The timeline is there. It isn't speculation. The share price will look after itself if Elphick delivers what he has set out. Have a good evening.

Anyone who bought at 11.9p should not be worried. They just might 5 bag or more their money by Christmas.

I do think it would make sense for ZIOC to under promise and over deliver. Q1 may be a conservative eta imo. As I said earlier, I think the deal is done but not signed off officially.

I think we are all in for the end game now. It seems to me that the deal is agreed but not signed officially. We need to go through the hoops prior to that. Sorting out the shares for the directors and management was one hoop and a big hint that we are very close.

The stage is set now. I think the share awards are fair and proportionate. Def in the end game now.

I think we would all be gutted with 18p!!

I think we will see it move further upwards and people looking to build positions before they have to pay double figured again.

Great to see alot has been happening behind the scenes and some other posters have been right about ZIOC possibly being under NDA agreements and not able to disclose too much via full on investor interviews and investor relations responses.

Just read it all again. Have to credit ZIOC for a detailed RNS with deadlines. If this all happens I wouldn't like to guess the share price but def higher than the high we had in July.

I think we can assume the port partner is AD Ports. So who is the hydro partner and Chinese strategic partner?

Yeah that is very exciting. Obviously all linked to the China study.

And still no news or deal for ZIOC. I am very fed up of the bod. I firmly believe I could do a better job than them.

Just answering a shareholder's email would be more than AT does.

So you bought back for more than you sold for last week? And paid dealing fees. You win some, you lose some I guess.

Just day traders. They are a bit of a pain on Chariot since the rise from 8p to 26p. Risky game if the big RNS partner news drops.

Thanks ET, very interesting stuff.

Https://www.arabnews.com/node/2380086/business-economy

15p this week could be on if 13p breaks and holds. Looks good.