Helicopter Man
11 May 2018
Re: Let it fly Project update Q2 2018:The Zanaga Project Team continues to investigate logistics and product options for the EPP project as well as its scope of operations and project economics and we intend to provide more details about this workstream during Q2 2018."Not long to wait now and topped up 100,000 yesterday.Good luck all but £1.50 is pushing it I think.
HPC Follower
10 May 2018
Re: Let it fly Kalan, I do believe that ZIOC will do well for its shareholders. most of whom bought in originally at close to £1.50 a share - no dilution since, just proving up of the ore quality, volume, processing and delivery options.If a deal closes at all favourably for ZIOC (noting that Glencore won't give their 50% holding of the Zanaga project cheaply), the ZIOC share price will move rapidly or there might even be a suspension pending an announcement.I understand that the IMF loans for the country will be signed of at the end of June, subject to lots of conditions - which I am sure must reasonably guarantee re-payment by the government. So, apart from the port expansion, the projects which will export raw material (iron ore, or even steel if a plant is added near the coast) will also need to be contractually agreed for the revenue/tax returns - thus I expect one of the big iron ore producers to commit the funds within the next 6 weeks... this shouldn't "go the wire" after all the recent negotiations.Nevertheless, I can't guarantee anything, so I have limited my investment here to c.15% of my overall portfolio - tempted @12p to buy more ZIOC of course (which would actually increase my average share price), but I have nothing I want to sell at present (incl. GKP, FDI, NANO, VOG, JLP, etc.). If nothing gets agreed and ZIOC have to find extra cash for low cost/volume production initially, the ZIOC SP could even drop below 10p; but a reasonable deal ought to see the original ZIOC shareholders (incl. directors) getting back at least their original £1.50 a share. I think we will find out quite soon now...
welshwiz
06 May 2018
zioc A trilogy of companies ends for now with Zioc and they say to always leave the best for last.A mega mega Iron Ore project with 50% more to extend Lom in evaluation.This is a mouth watering prospect in Congo with port facilities being planned/financed by Chinese 50 per cent partnered with Glen and hundreds of millions already spent on ground work and proved resrves and a m/cap of £40 milThis project is ready to be sold for a min of £500mil (ziocs 50%)Imf in town but ready to sign off Congo once again and Chinalco are ready to out-bid any Rio competition to this monster resource.No 7 year chart on iii to show where its been to where its going and no dilution in that timeI will leave pennants,golden crosses etc to proper chartists but I know that a big move is imminentZioc will be a homeless ticker before xmasgla
Helicopter Man
17 Apr 2018
4 x price monitoring 4 lots of news me thought this is the 2nd quarter RNS we are all awaiting.Unusual to have mid day and close monitoring.As anyone picked up any after market price rise/decline?
jonmor
11 Apr 2018
Re: Let it fly Share turnover tells us everything ????
KALAN
10 Apr 2018
Re: Let it fly Hi HPC - taken a quick look here after your reference on FRR - always check out your shares as I believe you only buy what you consider to be good companies (no game playing). Well the prospects here are huge but so are the costs and logistics. Going to put it on watch for now until I have a better handle on the company.Not going to let the presence of jonbore on the list of posters put me off.
BBanker
08 Mar 2018
Re: Let it fly It seems to me that investors want instant gratification and are no longer willing to invest long term. It is my belief that holders who stick with this stock will be rewarded as funding and production begins with the added possibility that at current values the shares will attract a bidder. With today’s drop the downside has, in my view, been illiminated and the stock is an interesting investment for the longer term. There is considerable value in the ground and getting at it will generate growing income in the medium to long term.
Lucky sid
08 Mar 2018
Re: Let it fly First i need to be clear that i don't have alot of knowledge in mining stocks but i do have around 500,000 shares in this one.However, I have ran many businesses including my own which became a PLC and it seems to me that the real nugget in this announcement is that they believe they will get third party financing for the early extraction. This means there should not be a call for more cash from shareholders in the near term.Is there anything else i am missing? All constructive views are most welcome.
jonmor
08 Mar 2018
Re: Let it fly Sat in submarine watching it sink?!?!
Helicopter Man
08 Mar 2018
Let it fly Sat in helicopter watching this fly this morning?!?!
velocipede
01 Mar 2018
Re: Project Update Just looks like a nice little top up opportunity to me. Tch! People are so impatient.....
HPC Follower
01 Mar 2018
Re: Project Update Yes, I saw the news today... at least they are keeping us informed.There is clearly third party, possible even prospective "buyer" work going on which will take as long as necessary to assure the findings ahead of any very large scale investment.I will continue to HOLD and await the news now expected in a couple of weeks.
Helicopter Man
01 Mar 2018
Re: Project Update [link]
Helicopter Man
01 Mar 2018
Re: Project Update Now mid March have they confirmed 2018 or will it be 2019!
HPC Follower
26 Feb 2018
Re: Project Update It seems Andrew Trahar is at least giving everyone the same short answer, without any detail on the scope of the news... but this must clearly be fairly complex as it is taking quite a long time for the final text to be agreed (with much work going on in the background on funding, ports, etc. and is surely not just waiting on receipt of the delayed beneficiation trial and input on its suitability for the Chinese steel industry.The news must surely be good after so many years of work at very high cost (£300m+ by Zanaga alone, plus Glencore's contribution/buy-in), with so much high quality ore proven in-situ with firm plans for cost-effective routes to market for 30+ years of very large scale production.
