Member Info for caml

Intothedeep, shareholders have already been diluted twice to fund the purchase of CUDA.

This is a terrible company. They can't help themselves. Placings, warrants, confetti.

gold, tell us the companies with £100m in the bank, no debt, 15-20k bopd and a market cap of <£40m.

such as?

I see the whole thread regarding DanielM and his emails with Art has magically disappeared. So I’ll ask again…
DanielM, seeing as you have a direct line to Art, and he’s more than happy to answer your questions, can you ask about the upcoming placing that is being speculated on please?
It seems rather unfair that Art picks and chooses which shareholders he communicates with. As a LTH sitting on a huge loss, I’d like to know and he doesn’t answer my emails.
Thank you

Must be (yet) another one.

Can you put a link to this news please?

Twice

2021 was a transformational year, huge losses, huge placings and no targets met. Well done.
In the Dec 1st placing, the CEO said it was for the Cuda bid and yet in the financial statements, Cuda is not mentioned, just working capital. So they have blown that and any respect from me.

Hi Sooty,
anything positive or just the usual rainbow ramblings?

Hi Merty,
looks like we are still trying to work out if a quick and simple EPP will be worthwhile. We started this feasibility study in 2018 and we were told we'd get facts and figures in 2018 then 2019, 2020 and now 2021.
I imagine the most important objective though is thinking of a way to keep treating shareholders as mugs. Still no actual plan or strategy.

Hi Rambo, indeed it is and some of us might believe that Xi is actually the most important person in ZIOC's future. If he wants the iron ore, he can get it. As my friends in RoC say, nothing gets done unless China insist.

Wonder if anything will come of the virtual state call between Xi and RoC today? No doubt a load of PR to come from Brazzaville, but we need actual $$$ commitments.

The BoD don’t give a t*ss about shareholder value! We are a necessary inconvenience to fund a lifestyle. Meetings in New York and Dubai allegedly and yet nothing to report other than we’ve checked a few costs and they’re the same lads. Maybe they’ll need to charted a super yacht to try out the floating port concept, in say, Monaco?

Or there is nothing going on and he's nothing to discuss?
Reading through the RNS again, I can't see any specific work programs underway. They say they are continuing to assess costings and pursuing pathways to development. Basically, we are back in mothball state, which is a good thing as cash burn should be next to nothing.

Good luck with getting anything out of AT Sooty!
I believe we are now back in the mothballed state. Other than continuing to review costings, they have nothing to update us on. Just like so many AIM companies, it's a good story that they milk for a few years.
We are all invested because there are billions of tonnes of iron ore but nobody seems to want to pay to get it out of the ground and to market. Back in the day when AT spoke to shareholders, he said RoC had very liitle mining infrastructure and knowledge, no idea on how to manage exports, tax or royalties. All that needs setting up as well as building the camp, mine, roads, rail, pipelines, port and power sources. This is not a simple project and we are small fry. Simandou has taken years to get to where it is now and that is with multiple experienced iron ore mining giants involved alongside a pro-active govt. We have the Jumelles Project Team FFS!
AIMO and GL!

Other than the end of the license Merry!

Can’t say I’m surprised. Contacts in RoC have said nothing is going on and that the locals and Chinese do not understand Glencore’s reluctance to mine. Iron ore has never been so expensive and if they still think it isn’t viable then why not give it away? Or have it taken away.
No mention of COIDIC again.
No mention of discussions regarding a potential transaction.
People will say they can’t talk about things but they have to disclose anything that may be price sensitive.
Put simply, in 8 months we have nothing to report other than successful dilution and a disappointing review of costs (which AT said himself he hoped would deliver approx 10-15% savings).
All while spending winter in Dubai on expenses.

FS review done and new study commissioned to keep the can rolling.
Lifestyle company.

Rambo, sadly they don't give a damn about the shareholders. Just look back over the RNSes - they have never delivered on any of them.