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Ex-Onr of the black trades was my buy, I think some brokers delay the trade due to liquidity issues, and subsequently the trade get’s reported as black…I wouldn’t read too much into it.

The 3m when exercised at 7.5p will have to be RNS’d by my understanding.

Do you have any thoughts on ATs potential remuneration, as it doesn’t seem to have been announced(and I assume he is owned a fair fee years wages?

Hard to believe we are still down here, now that we have never been closer to realising value here, a little more patience..

Our window of opportunity is fast closing.

Due updates on our reduced capex costings, Glencore loan, and AGM date/agenda, and hopefully project finance/buyout news…all before end of quarter!

The hoard will be trying to get in here(again) soon.

Added again today.

Gla.

I hear you bear, but honestly we do have a timeline of upcoming events(something we haven’t really had before).

The outcomes of these events at the minimum make our “binary bet” better odds of romping home this year, than the Grand National 2035!!

Honestly believe all has already been concluded behind the scenes, and will be revealed before years end.

Gl to a bear&all.

Nibj- basically what I got “shot down” for saying a couple of weeks back!

Anyhow we’re closing in on our “news window”, and so I have added further to a record(for me), of 4.6m.

Gla.

Ex- honestly do people like S86 not get ta ye???

They like offer nothing, whilst accusing people who have been in this story for a “fair while”. People who are trying to assess their investing decisions with “reason”&””research”, instead of ramp..ramp..ramp, then sell @ the bottom anyway!

Oh well I suppose we should be thanking them really, after all it is their money we will be taking a slice of in the END.

On that note, I for one am grateful for your input.

S86..you have the privilege of being the first I have ever filtered on this board.

Gla(even S86).

Ex-(sorry my reply was meant to be addressed to you earlier).

I think WAR in the Middle East, and the world in general will always affect the Iron ore market(and the strategic security of the resource).

Mitch- I know this has been a trying 10+ years here, but I honestly believe this is the final “short window” to stack these golden tickets, as you point out “it’s all in the recent RNS’s..

We are most certainly in the “end game”

Gla.



vet-

SELLS/BUYS are never disclosed as the London stock exchange (LSE) deems this as confidential. 

BUT sites like ours that receive an LSE feed compute each trade as a buy or sell from the BID/ASK values. 

Hope this helps.... 

THAT IS WHY THE TRADES ARE OFTEN WRONG

Sometimes if you put in a buy/sell order, if/when it gets filled it happens some time after the order being placed, therefore is reported as neither(black).

Probably shard placing shares would be my guest.

On a side note at least volume is better than yesterday.

Gla.

Will be held here until loan update(IMO), won’t be long(again IMO).

Added further.

Gla.

Mitch/Ex,

As ever I bow down to your wisdom.

I can see the statement of MOU as being slightly opaque, now you point it out.

Still think we are closer than we have ever been to realising value here..hopefully the market starts to agree with me/us.

KTF all.(keep the faith)

All this “who’s going to be the facilitator?” Talk is rather pointless IMO.

As stated we have multiple MOUs in place, therefore we already have AIP(agreements in principle) with interested parties.

“A memorandum of understanding, or MOU, is a nonbinding agreement that states each party's intentions to take action, conduct a business transaction, or form a new partnership. This type of agreement may also be referred to as a letter of intent (LOI) or memorandum of agreement (MOA).”

Next week should be massive here, as has been pointed out, there really is no reason why we should be down here!

Gla..not that we actually need it anymore.

Thanks Ex.

Very interesting..

Ex-you got it!

Just trying to figure out a total amount of shares that will be in issue, when(not if anymore) the offer comes in.

The Glen loan is the only variable left, as I see it?

Alternatively I suppose it could be settled from the proceeds of the sale(but that would seem MIGHTY generous of Glen to me, knowing the final price will be a BIG price!)

Gla..

Come back we all miss you!!

Meanwhile in an alternative universe MM keeps posting very good information.

Ps S2TT, good to see you back buddy.

Gla.

Eddsy-no tricks mate, I’m fully loaded, simply trying to understand

1- how the hell the price is 8.35p!

2-how our pie is going to get shared out.

Ex-Nothing 4 Nothing. More pie to Glencore, is in Glencores interest, especially if the pie becomes worth billions(which is a certainty IMO).

Reference: Zioc=pie.

Gla.

I believe(IMO) the price is being held down here(and I’m certain it is being held)until the outstanding issue of the loan(+interest)from glencore is resolved.

The price was recently conveniently suppressed until the board had “resolved” the outstanding wages issue, as it was getting away from them( if they had issued @ 18p without taking a haircut (68%), it would have been the same result as issuing @ 5.29p with the haircut…funny that!!

Anyhow I stand by my previous comment that it was still an unbelievably honest action not to have issued their full remuneration @ 5p odd(as they were well within their rights to have done so).

IMO glencore will want their holding bumped back up to the 48.26% that they agreed to when the share reorganisation took place, late last year. They will achieve this by having the loan+interest(£1.65m approx) settled through the issuance of new shares(29m approx (ROUGH calculation))

Therefore I expect the share price will be held at around 7p until this is concluded.

Definitely not a de-ramp, as I expect the share price to achieve “mad price!” Once “set free”after this piece of the jigsaw is put into place.

To set the record straight I am very grateful to glencore to have made this loan to us, as at the time we were desperately short of cash, and at sub 2p! I dread to think what level of dilution would have occurred if we went to the market seeking $1.8m!!!(although the pain would have been suffered equally(+1) by glencore, if this had played out!, (so I suppose it was in their interests)

All only my opinion, happy as always to hear alternative opinions(politely please).

Gla.

I’m remembering why I stopped posting(again),

Please can we try to be nice & get along?

We all want the same thing, Ex is definitely not a deramper, by any measurement!

We have had 2 exceptional RNS in a row, will the third one be a real treat?

Gla.

This is absolutely brilliant!! The directors have taken a massive haircut and issued a mere 27m new shares!this, I was terrified they would issues 100s of millions…this is excellent!

Unbelievably honest behaviour by our board..

Vet(another one well worthy of a drink, or two!)

I would be gutted to sell @ 18p, only for Zioc to reach its MINIMUM potential, but would not be gutted with 18p, as it is better than the current 5p being offered!

It’s all relative, that said I would bet my bottom dollar(which I almost already have here), that we get a price magnitudes higher than 18p, as I can’t see the board selling that as a win.

Gla.

Ex- you are one of the few posters I will definitely buy a drink for.

In regards to the question, I believe the loan will be paid back by the issuance of new shares, thus glencore will have effectively brought 40m @ 5p.

And would therefore not be diluted if 40m shares were issued to compensate the board,ect.

Nice workaround..

I would actually be ecstatic if this were the scenario that were to play out, as I believe the company to be valued at MINIMUM $700m thus 630m(assuming the shard shares get placed)+ 80m(glencore&board compensation)= 710m shares in circulation still comes to about 70p a share!!

You do however, as always, pose excellent alternative ideas/questions.

Shaun- I did not say I will be selling at 18p, only that anything over that would be a bonus to have not sold out at that level. I will hold to the imminent (IMO) conclusion here.

I do indeed currently hold 4.4m, of which 2.5m are free carry, the rest I have added since the drop down from 18p.

Gla.

Gla.

Ha all, expecting glencore get paid back the loan+interest £2m ish@ the fixed share price of 5p(maybe a little higher)40m new shares. Directors to get about the same 40m new shares= total 80m new shares.

Sure seems the price has been artificially put down here, and subsequently held here since.

This way Glencores holding doesn’t get diluted.

Just my two bob!

The end is fast approaching, I’ll take anything over the 18p recent high, so I don’t feel so stupid for not selling out when I had the chance.

Not de-ramping, it’s not in my interests to do so, as I hold 4.4m shares.

Would still love a quid a share for obvious reasons!!

Gla long time suffers.

AIMO