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M71- agreed seems there’s a seller around, but I think the 600k+ trade threw them a bit.

Although the SP is very frustrating, what I find even more frustrating is the fact that after Zioc sitting near dormant for near 12 years, we are now aligning with actually realising value, as opposed to just being a “Green field”, with a lot of high grade iron ore under it!

People seem to be missing the stated timeline of news flow due here, you better believe it…we are finally going to get developed!!

Gla.

M71-Alas, not I.

I settled for 2 trades today totalling approx 120k shares.

It was probably that bloody Nibj, seems determined that I hold less shares than him!

I might come back tomorrow for a few(100ks), but Shhh, don’t tell Nibj!

Gla.

And will continue to do so sub 7p..

We are in a 4 month window of opportunity,

I am 100% convinced we will get monumental news in this timeframe.

The SP is being stubbornly kept here until Glencores loan+interest is rolled/repaid/converted.

All IMO.

Gla.

Great spot.

I guess shard tranche complete.

Monday should be onwards & upwards.

Gla.

Putting= punting(I hate prediction text)!

Bear-

It was(past tense)a“binary bet”..it is now a “live bet” with a duration of 4 months time limit(max).

Don’t get me wrong, I’m not planning to sell the lot at that stage, but my minimum expectation is that there is a way forward to achieve the long awaited “shareholder value” that we all know is magnitudes of todays SP.

Jiv- I’ve recycle my £161k profits(from HUM) is here since the drop back from 18p, because I believe there is way more potential NOW, than when I was merely putting sub 2p!

Gla.

Jiv-Great summary.

We are almost in the unique position of being able to “inside trade”whilst being kept in the dark.

Our advantageous position is further reinforced by the window of “monumental”news due(max 4mths).

It’s cars/kidneys/kids selling time!

Gla.

Ah that would be me!

Gla here, still an excellent opportunity, and hope to return soon(circumstances pending)…but a profit is a profit.

Just to be trading again @2p by Christmas would be a start!!

First step-resumption of trading…

Then anything is a bonus.

Gla KITDH(kept in the dark holders).

I wasn’t arguing(only expressing a concern)

I respect your opinion & research.

I hope you are right.

Gla.

MM- as pointed out on the other board, we are not a million miles from simply being taken private(and thus PI’s never achieving anything close to “fair value”.

As at 21 November 2023, the percentage of ordinary shares that were not in public hands was 58.89%

Glencores loan+interest still needs repaying(or possibly converting?)..

I have no doubt the price achieved for us peasants would be higher than todays SP, but nowhere near some of the numbers hoped for.

As it stands this is an obvious potential outcome that NONE of us PI’s would want, but a distinct possibility?

As you say AT is not doing much(if anything) to forward our cause(or even responding to simple emails)!

As at 21 November 2023, the percentage of ordinary shares that were not in public hands was 58.89%:2

Glencores loan+interest still to be repaid/CONVERTED..

Some shares undoubtedly in close confidants hands also?

The clock is definitely ticking, and as has been pointed out AT hasn’t done any meaningful work for us PI’s(or by and large responded to any of us peasants!)

Welcome to AIM!

Matt- Becomes increasingly more likely with every day that passes…

I still think PI’s will get a substantially better share price than todays(albeit nowhere near a “fair” valuation).

Gla.

You’re over thinking it..all shall be revealed shortly.

The large volume from the other day was definitely shard selling the first tranche.

AGM will be called before end of month.

Gla.

I can only guess they’re trying finalise the outstanding loan, to announce to the market pre-AGM?

Maybe even get the slurry pipe costing out, and then announce a EGM(along side) to vote on a buyout proposal(I can wish)!

Gla.

Mitch/bear.

100% agree….however NEVER SAY NEVER!

If you have been on the shelf for a long time, and nobody’s a taker, your be surprised how many people suddenly show an interest as soon as the first person takes an interest!

But I believe the board have done the sensible thing(and their only option), by threatening to start small scale production on our own…it’s a great way of forcing the issue.

Gla.

I think we seem intent on beginning small scale production. I suspect we will be diluted to allow money to come in..

Probably Chinese money.

Once we get into production, probably a major will make a play to buy us out, so it ends up looking something like the SIMANDOU ownership= Chinese+another “western”major(maybe even Glen!).

For the Record, this is not the scenario I want, I would prefer a straight buyout.

Here’s to hoping, I personally have continued to add throughout this down trend, as I am convinced we are seriously undervalued.

Gla

We are certain of 3 short term updates(within 1-6 weeks).

1) loan update

2) AGM date

3) slurry pipe updated costings

I am hopeful that these news items will include a MOU with a partner/buyout offer/funding announcement.

HTH/AIMO.

Gla

My “belief” also.

Just dotting the I’s & crossing the “t’s”.

My only hope is a complete buyout, rather than partners..

Madness that so few can see the imminent potential here!

Gla.