Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
*customer
Maybe your reading skills are rusty/lacking...
"verifiable by any ii custome"
Aberdeenman
*shares still showing
Sorry saga indeed, but II have put a message on their corporate actions section of their website, so verifiable by any ii customer with CTAG share still sowing, copy/pasted below:
"Cloudtag Inc have recently posted announcements on their company website in relation to a distribution to its shareholders. Please note that to date ii have received no direct contact or documentation from either Cloudtag Inc or its appointed agent. If contact is made and further information is received, a corporate action notification will be issued to all eligible shareholders."
Aberdeenman
“When will they have to place for the second half of this debt”
I think most of us think that with all the recent events and the duration of the extension, that the debt will be taken care of via a much bigger deal.
Everything that has happened over the last year or so seems to be a progression of a plan, we are in the end stages of it .
The result should make us all wealthy, including the buyers of the large trades printed today, who likely know a heap more than us.
You would be mad to be sitting on the sidelines of this, and not have at least a stake in the potential.
Aberdeenman
Worth just reiterating the Directors action in taking 5 YEARS worth of pay in shares last year, with a large reduction.
If they had no idea of what is coming why would they do that....
"As at February 2023, the Deferred Remuneration over this approximately five year period had accumulated to £1.67m in aggregate. Following discussion between the management and the Board it was agreed that this Deferred Remuneration would be reduced by 65% to £590k as at 29 September. It was further agreed that ZIOC shares would be issued in settlement of cash remuneration in order to minimise cash outflows from the Company"
Everything is lining up.
Aberdeenman
“ What are we missing here? On the face of it, your pov is compelling....why is the price then still where it is ? ”
It does vex me as well, however, it could be the shard placings are a way in for ‘stakeholders’ and others needing a sweetener, just because trades are printed doesn’t mean they are open market.
There are ways to hide a larger holding (so are not to have to announce) e.g. splitting holdings over different entities .
The timing of the placings would fit that argument also.
Aberdeenman
It is my only worry Bear, that PI's get squeezed in a deal, but I am more optimistic that it will not be the case, than pessimistic that it will be.
Aberdeenman
Held these for years, and doesn't matter what any poster says on a BB, this one will be decided by very large funds/SWF's.
Glencore is not the major shareholder for no reason.
As for quietly selling, the opposite is true, been quietly adding for years.
The trolls arriving is not a bad sign, LTH's have been quietly posting here for years, myself included, just been plenty of times when there has not been much to say!
2024 is the year ZIOC will finally make holders very wealthy.
Aberdeenman
Once the overhang is cleared, and more newsflow, this will fly.
Golden opportunity for those still to get their position sorted.
Aberdeenman
So much news is expected in the next few weeks.
Going to be a very prosperous 2024 for ZIOC holders.
Aberdeenman
"Holders need only continue to hold."
I think I may have to speak with a therapist before selling these, feels like I have grown up with them, I have held so long!
On the positive side, there are lots like me on here, so free float is not huge, hence price movements on relatively small volume.
Aberdeenman
>>>12p
Aberdeenman
In auction!!
Demand building
Aberdeenman
Just the start of a lot on newsflow.
should reach 20-30's on the next few rounds of news, of course, if they spell out funding and a solid roadmap, the sky is the limit.
Been a long time coming!!
Aberdeenman
"What are the scenarios in which the mine is funded, but ZIOC shareholders miss out?"
I outlined a scenario, a new entity that funds the mine, Zioc provides a license, investors the funds/expertise, thereby no direct funds go to ZIOC or their shareholders. However, it would be the market that then assigns a value to the shares we hold, giving us a large increase in value.
Whatever way it works, if this gets developed, we get gains. The only risk in a transaction I can see is if it got sold cheap, then investors do the transaction, keeping the value for themselves, however, due to our major shareholders, this is unlikely.
Aberdeenman
Another scenario is that Zioc is not the vehicle that takes this forward. A new entity is set up with rights granted by Zioc and the stakeholders get equity in the new entity. Both voting rights and share priority can be weighted, giving a much more complex result, but ultimately the value of the new entity will give a value to ZIOC’s share, and therefore our shares.
Dilution by another means but it gives a lot more flexibility in assigning control and preference shares so dividends/income can be apportioned in creative ways to pay back investors in any order.
Same result for us in a sense, we have to wait and see, however we know the biggest shareholders in ZIOC are aligned with us PI’s, so fingers crossed.
Aberdeenman
I thing there has been a relatively firm roadmap for some time, Glencore giving up board control was the sign that there was a pathway to exploiting the asset, and low and behold we have a CEO closely tied /aligned to Glencore. I think everything is lined up, they are just playing one card at a time in a tightly controlled manner.
Zioc have never played their PI’s so I don’t think we have much to worry about, just wish we knew more of the plan.
As for the SP, actually quite glad it is not rising, and we are still not known to the herd, as I will keep on adding, however, when they do arrive this will rise very far indeed.
GLA
Aberdeenman
I would be kicking myself, if I had sold any recently, fortunately I added!
I think they have a plan AND a timeline of events.
Everything that happens, pretty much, over the next few months has been agreed and planned by several
Parties.
Treble figure SP coming IMO
Aberdeenman
The giant is awakening
It is happening