Member Info for beardozer

Fed up with waiting years! You'd think the Irish Government would want to put the LOGP debacle behind them but WTFDIK? Is the Irish Government always so useless?

"625k buy order filled" and what difference did it make? You're flogging a dead horse and I suggest you exit stage left just like Snagglepuss.

Any progress?

UK has 6000 drones available in case the Russians attack. Meanwhile, Ukraine is using 9000 drones per day. I have had nightmares about Russians on the A14 but nobody listens. Isn't it easier just to submit? Not if we're all executed. Fight the good fight!

It certainly needs thinking about (and no apologies for taking up the space nobody occupies at weekends). It's all down to money and how little the RAM raiders afford us. My rent is £900 per month and it's killing me. I placed my faith in ZIOC being taken over @ at least £1 but 50p would've been OK . Think about it: 100p which is a fraction of NPV. The RAM raiders have destroyed my future and if they find that funny I curse them with all my powers!

Loadsamoney into HAMA's coffers but dilution for existing shareholders. I'm inclined to wait a few months in the hope the SP has exploded after they found something worth finding!

Found a property above garages @ £160k in East Anglia which requires ZIOC to supply 20p. And it's leasehold. Maybe it's time to move to Glasgow and experience a very new old age where it's cheaper and there is no leasehold. So who pays for the roof repairs?

Or to be more precise, how many LTHs have left the building? Veteran10 for one and probably many more. I'm still here on the grounds that no other AIM share has more upside than ZIOC. Ignore the RAM raid which has led to the current SP and it's a screaming buy but WTFDIK? All it needs is a major miner to step in with a fair offer and then there's a higher offer and we're off to the races! Is the Congo Government happy to deal with fly-by-nights or would they prefer to deal with a solid multi-billion pound company? Just don't mention GLEN! How differently all this may have unfurled had a different company taken over Xstrata.

Millerston,

LTHs like me were expecting a takeover offer at any moment, particularly after GLEN exited.

So we were expecting no further dilution!

Nothing ever goes according to plan so here we are! It's not too late for everyone to be surprised!

You've argued your points ad nauseam! Every one of them is irrelevant if there is a higher takeover offer from another entity. If there isn't then we're stuck with the RAM raid however unfair. Maybe they could improve it in fear of an official inquiry but I doubt it. 12.5% of a multi-billion asset is worth a lot more than 100% of nothing (not to mention the risk of falling out with the Congo government due to lack of progress and ZIOC is worth 0).

Historically, TOM has been a dead duck and the lack of recent progress only adds to that perception. I had hoped the new Valkor connection would put a rocket up the SP but WTFDIK? Why does everything take so long? Because the longer it takes the more money the Directors get paid for doing almost nothing. Shame on Valkor for not transforming TOM into their image much sooner! If the oil's there - get on with it!

Another reason not to invest in ZIOC shares? ALL SHAREHOLDERS ARE SUPPOSED TO BE TREATED EQUALLY! If this RAM raid shows otherwise then it will have a dramatic negative impact on all other AIM companies. Perhaps a reason for an otherwise lethargic "authority" to wake up and intervene? ZIOC has failed to respond to extrader et al: has anyone else shown any interest in righting a wrong? I doubt it. So you're flogging a dead horse extrader unless you want to make allegations that lead to the shares being suspended? And where would that get any of us? We all want OUT and can't wait years.

Except the RAM raiders would love a 60p offer! That's a 1400% return on their investment with no hassle!

It's all getting beyond my comprehension and probably a lot of other unsophisticated LTHs just like me.

What I can help with is an explanation for:

(7) "twin track approach"

The way things stand we could be receiving a Mandatory Offer from the RAM raiders - with sufficient capital behind them why wouldn't they?

Get rid of the pesky LTHs with a derisory offer and then bank all the profits they never got to receive.

It's unbelievably unfair and ungentlemanly so good luck to extrader if he can succeed in pricking the consciences of the overlords.

The amount of money involved in rewarding LTHs and changing their lives is peanuts to the overlords who just add more zeros to their wealth.

The ZIOC SP was down 20.39% this week - whatever happened to shareholder value?

Obviously the smart money was expecting another placing hence the 7,500,000 buy. In the very narrow window available I subscribed £500 for more shares @ 4p not expecting that retail investors would pay less the following morning. Notwithstanding most of the new shares went to existing overlords and increased their percentage of the company how about a very generous Mandatory Offer? 50p and then we can all get on with the rest of our lives. Even better, a major miner offers 60p - that would put the kybosh on the RAM raid!

Makeabundle: They may be "bonus" shares but they're also unlisted preference shares:

"Due to restrictions imposed on ISA accounts, unlisted shares are not considered an ISA-qualifying investment. Therefore, once issued, we will arrange to move the preference shares issued to you to a linked trading account, opening one on your behalf if you do not already have one." - ii website

BillfromBristol: Ignore my comments about cashing in £3k per annum - I hadn't thought it through (and I've never owned preference shares linked to a compensation claim before). Any payout will be treated as a special dividend and afterwards I presume the preference shares will be cancelled due to having served their purpose. Then investors will find themselves with £thousands of taxable income within a normal trading account. Couldn't they have structured it differently and saved their shareholders a lot of tax?

Or will it be treated as income? "The preference shares will not be listed on an exchange. They will entitle holders to a possible future dividend related to a claim for compensation that the company is taking against the Irish government under the Energy Charter Treaty."

So can't be held within an ISA - Grrr! HMRC will be rubbing their hands with glee. Only answer is to bank £3k profits every year until all the money's gone.

"As a company registered in the British Virgin Islands whose Shares are admitted to trading on AIM, the Company is not

subject to the City Code on Takeovers and Mergers ("Code"). However, the Articles (a copy of which are available from

the Company's website www.zanagairon.com) provide shareholders of the Company with certain protections otherwise

afforded by the 'mandatory bid' provisions of Rule 9 of the Code. The relevant provisions are contained in Regulation 33

of the Articles (Takeover Provisions).

Under Regulation 33 of the Articles, where a person, together with persons acting in concert with them, hold Shares

representing more than 30% or more of the voting rights, but less than 50%, acquires additional interests in the Shares,

the Board may, but is not obliged to, require such persons to extend an offer to the holders of all the issued Shares in the

Company ("Mandatory Offer")

"The remedy is under the control of the BOD or any regulatory authority. Not sure what the problem is." Really? We know what the BOD want and if every regulatory authority chooses not to intervene AND there are no takeover offers at a sensible price then we're stuck with the RAM raid. That is the problem!

The relentless slide in the SP is very worrying but the SP has never reflected the true value of ZIOC and probably never will!

Even Len Deighton said "Writing's a mug's game!" and then lost interest.

I wonder what made multi-millionaire writer Len Deighton come to that conclusion?