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Ive shares in four other aim miners and all people talk about is Chinese buying them out , they cannot for fill everybody's dreams and won't
I for one would love this to go for a couple of quid and bag a couple of million but reality is its 7p 7p for a reason stop talking £ s it's bull , had enough Chineses want this , if you look on every miners share chat board the Chinese want there mine !!how much appetite/money do folk think they have
AT big it up again with your pump and dump mates at shard to 14p so I can get out please 4/5 years of bull is enough
Personally there are many permutations which I’ve considered for the last x years… nothing has changed for me.. well apart from my growing impatience. The resource is amazing and is proved. We now have the financials /technicals confirmed to negotiate with whom ever would be interested in a brand new 40+ year mine.
Anything south of 300p would be a kick in the teeth. No it’s not a ramp.. just the reality of pulling a reasonable deal off. Jumelles know what this is worth and will not be giving it away. They don’t need to…think about who they are and the contacts they have!
If it’s too hot get out of the kitchen.
Beardozer
After Simandaou sold for £10 and the China/Oz trade wars came around, I thought we may sell for £9, as we had a large, quality asset (half of which is unexplored, I think).
If I was on the Glen board and read or heard that the majority of Zioc shareholders would accept £1.50 I would pay them immediately and flip the shares for lots more; who wouldn't. So are some preaching what might be a self fulfilling prophecy, to satisfy their own needs or are they trying to influence others or indeed just sick of the wait and lack of information.
Having said that; £1.50 would see me net a tidy sum.
I just don't want to be fleeced, cheated on or subject to corporate games.
If the higher amount of £9 had been paid out in the last 6 months I would be up by an additional £400k in the crypto I had earmarked some of it for. Now that is what you call an unrealised re-investment loss.
Sooty, it wouldn't change your life would it, with 2,000 shares I doubt it would make much difference?
and I meant 2 B people MORE on the planet
I dont think anyone would be happy with 15p. for me 15 p is a joke. One guy mentioned this is gamble and not investment. I disagree on that. I hold 5M shares because of high risk/high reward investment strategy. We have a proven resource worth billions if set into production. I see gamble where you invest in something where it is not proven what the company have. Like a smaller oil explorer that will do some drilling in the hope of finding oil, but with no evidence that there is any oil. That gamble for me. I see ZIOC as high risk investment, like biotec companies in fase 1. I have earned very well on those as risk is very high, if they will get their product to market, but on the other hand if you believe they have a strong product, you might still invest in the early fase 1 or 2, as the upside is huge, but I dont see it as a gamble but a high risk investment. ZIOC has a proven asset worth alot. High risk for sure, but I look more at Macro Economics and the need for extra Iron resources in the world. In 2050 the projection is there will be 2 B more people on the planet. That is an increase on nearly 25%. My view is there will be need for construction in a huge scale. 2050 is not even so far from now but just around the corner. Currently I see a clear trend that China dont want to be dependent of anyone. Another strong argument that ZIOC could be interested for them on the longer run. Chinese will never loose face and today they have to pay huge overprice to the Qzzys, but has no choice than pay, while the Ozzys embarrass them in public. Knowing Chinese very well, this will not last for ever as they will do all they can, not be put in this situation ever again. All IMO
Sooty, whilst annoyed and frustrated like you about the current situation, I'm at least cautiously optimistic that all is not lost here and that there *are* things going on in the background with regards to a sale. I believe Glencore are shaping up to offload this legacy asset whilst the going is still favourable.
Call me naive, but with Ivan out and Gary in, I think we're about to see some action before summer's out.
One Glencore ************** would be fair, it's some iron ore mine we own. Genocore's share price at £3.22 seems to be rising daily.
"I will stay in the .1% who wouldn't be happy." OK, but what do you realistically expect? A £1.60 offer from GLEN would be life-changing for most ZIOC shareholders - I'd be trousering a £455k profit on a £25k investment! Twice as much would be nice but I would rather be out with a more than decent return and making the extra 100% with another investment.