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All sentiment aside,

It would be a hell of a thing to pull off a fully backed RI without a discount in these current markets!!

Now I know Zioc is “not the same as all the other shares on AIM, but just saying.

Anyway I hope I’m 100% wrong and we get financed at close to NPV.

I will leave it there, and wish all of us Good luck.

I agree!!

My 10:1 dilution was a “worst case scenario”, hopefully the board will be able to utilise debt finance, at least in part. Nibj as you seem to agree..a way forward, is a way forward..and yes I would expect my potential shrunken holding, still to be worth a shi*ton!!

MM- our benevolent board were still able to increase there holdings by having taken a haircut+shares in lieu(and as you have previously pointed out, were unable to buy in the open market), so would stand to benefit in a prevailing RI, if the share price was to rocket post being fully funded (and of course the were to take up their allocation).

I also am still hopeful(hope can be very dangerous in the markets), that we can be(us PI’s) bought out for a hefty sum), but like also planning on a lesser “great deal”.

After 10+ years I will accept a tenth of ziocs true value(£3-5b), as long as I get paid before “death does me part”.

Gla.

Feel I need to add-

That a RI isn’t necessarily a bad thing, post the raise of let’s say £500m 10:1)(for arguments sake), I could see our market cap cantering on to the £billions.

I just imagine my 1% of the company being diluted to say 0.1%(unless I stump up my share of the funds needed to develop the mine). I still think 0.1% of the company will be worth several million post being fully funded.

Dilution is not necessary a bad thing as long as it adds value.

Gla.

Market says otherwise, but for obvious reasons I would love you to be right!

Seems a RI to fund development where all existing shareholders will be given an option to partake on equal terms(very fair/and rare), fully underwritten by the incoming strategic partners(s).

Glencore/ephlick,ect holding kept intact, PI’s who can’t raise funds will be diluted, only hope/consolation is that the RI is above existing share prices, and we who are unable to take up our Rights will be able to sell them at premium.

Only my observation.

Gla.+ I hope MM is right, and I am wrong.

Well that suck any enthusiasm out of potential buyers!

Oh how the market enjoys playing its games.

News is close, real close…

Gla.

Observation:

Looks like the market are trying to search out sellers, without attracting attention.

We’re creeping up nicely, once volume arrives we should move swiftly, especially as there is no new liquidity being added by shard.

“Gotta keep us off the risers list”!

Gla.

Ex-excellent post.

May I add one observation..

And that the yanks policy, in turn forces “camp china” to “speed up the (Zanaga) process?

Competing bidders..how exciting!!

Gla.

2weeks+2 days until costings updates, and hopefully MOU’s with port + strategic partners..

Volume picking up.

Really wouldn’t want to be out of this weekend!

Gla.

Ukraine estimates min $500-800bn needed for rebuild, and it's safe to say that will double. Rough estimate of steel needed to support the effort is 3.5 million metric ton. This is expected to drive steel and all supporting commodity costs significantly.

I guess plenty of steel producers will be looking for iron “shovel ready” projects to ramp up production.

Gla.

Nibj-Well put & 100% agree.

Gla.

SD- also sent to our nomad..

One must keep trying…

Surely there comes a time when a CEO must “speak to the poo on his shoe”?!

Gla.

Good afternoon Andrew,

Please could you advise if our CEO Marty Knauth plans on addressing his shareholders about his role, his ambitions, in our company. I note He has been in this role for almost 6 months without any communication to his shareholders.

Alternatively I used to enjoy your updates as the Investor relations manager through proactive media, if you were minded to do a upto date presentation, that would be highly appreciated.

Thanks in advance.

Nibj- that your 279,553?

I managed to get to exactly 1% of the company today…

Think I’m gonna have to book myself into ZA(Zioc Anonymous), I mean have I gone to far when I value my wealth in Zioc shares!!?

This quarter is gonna be a cracker..

Gla.

Another excellent topping up opportunity!

Added 182074.

Gla.

ATG- Marty cannot buy as he has access to the updated costing report.

a) The review and re-costing phase of the 2014 FS has been completed and a near-final report has been received from the Company's Chinese EPC Partner, and this has progressed to peer and ZIOC board review.

b) The final results of the 2014 FS update are expected to be announced during April 2024.

Although I agree an investor relations/media update would be nice, let’s be honest with ourselves the deal is 99% done.

I’m sure it frustrates Ephlick & board as much as us to have to place shares @ 8p, but it has been kept to a absolute minimum(seems the 3rd tranche is not currently being proposed to be placed!), and has been highly necessary to provide working capital to progress project.

On a more positive note…”it’s nearly isa time”, just hoping the share price doesn’t explode before the 8th!!

This quarter will be EPIC here, mark my words!!

Gla.

Some excellent posts all, and agree with what’s been outlined. I reiterate that the update was not only positive, but most importantly on time. This fact is very important, as it continues the trend of updating the PI’s of progress and sticking to timelines since the reforming of the company structure in late 2022.

The biggest short term question is, whether the market begins “believing” the development process is beginning. Realistically our market cap could(should) jump 10 fold+ on securing a path to funding for stage 1 development(our market cap will be in the billions on being fully funded IMO), and anyone with half a brain should be able to see that we are getting ever closer to exactly that..exciting times!

Bring on next week..and hopefully a “awaking moment “ for our share price!

Gla.

Everything is mapping out nicely..

Well done board for updating us the shareholders.

Only gripe is, I would love our new CEO to give us a few words.

Gla, a little more patience and we will ALL be rewarded.

If I might get to add @ same price as insiders..now that would be nice for a change!

Gla.

That’s what this share reminds me of recently!

Gla.

And I’m in the blue..first time in a while!

Gla.