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Tech- good points.

-I think of the word mate, more of a necessity/lubricant(brown envelope).

-as pointed out the placing may never happen(in full), just a prerequisite to being able to issue the”going concern” statement.

-also another possibility is the need of cash to tie up the loose ends on a sale(options, outstanding wages, obligations, ect)

-as for the rolling of the loan, it may well happen yet(in due course if necessary).

all IMO

Mitch-eerie, I sent a email outlining those exact points to AT this morning!

Will post response(if I get one).

Gla

Added further.

I think this is as good as “inside trading”as we are going to get!

Gla.

I believe. It is used to “pin” the price, normally happens prior to a large trade going through.

Or so I’ve heard..

Gla.

For mates rates.

Hummingbird all over again(they raised just prior to their big jump in SP, allowing “mates” to acquire 17% of the company at the bottom).

I expect the purpose of the facility is to allow “friends” to accumulate a holding, which would not have otherwise been possible in a share with a very low free float.

I will stick my neck out and say this share trades to 30p+ within 3 months of this post.

Gla.

Ext- possible, but wouldn’t that technically amount to Glencore paying 48.26% of the loan+interest back to themselves through self inflicted dilution of their stake? Trivial perhaps to a behemoth like Glencore, but definitely unsustainable if this method were to be continually used over subsequent years(they would in time, effectively allow themselves to be diluted to nothing).

When the loan got announced last year, I concluded(perhaps wrongly/TWT) that it acted as a countdown to a deal being concluded(or the loan could be rolled over ,if close to being concluded).

I had assumed that the loan+interest would be paid back via proceeds of the sale(and I still think it will).

Anyway I hadn’t thought of Glencore being so benevolent!

In regards to my question on “conflict of interest”

I meant in the legality of the of the loan?

Also the loan is due to be paid back by years end/HOW?

I think a deal gets done before year end.

IMO & I’m gonna keep stacking these Golden tickets.

Gla.

Jiving: “likely won’t happen”-

Isn’t that technically what we are doing!

Golden tickets all round!

Gla.

I wanna be “bulldozed”.

Thanks for your continued input MM.

Gla

If zanaga issue new shares, therefore diluting Glencore(unless they subscribe), to in turn pay the loan+interest back to Glencore, isn’t that some kind of conflict of interests to Glencores shareholders?

Anyone with any insight?

Thanks in advance.

If zanaga issue new shares, therefore diluting Glencore(unless they subscribe), to in turn pay the loan+interest back to Glencore, isn’t that some kind of conflict of interests to Glencore, that is against their shareholders?

If so Glencore then are left with 2 choices(IMO)-

1) sell the lot

2)buy the lot

* Unless they are confident of a deal being concluded, and the loan merely a “tie over”.

Anyone with any insights?

Maybe think of the exercise more of a “quote”, than a “costings”, the slurry pipe will after all need to be built(by a Chinese firm?, on behalf of the Saudis?).

And if “The Offer” is inbound, but “not ready”(for whatever external reason), why not make progress in the interim?

All seems positive to me, and this “miscommunication” in our update should be seem as a blessing in disguise, to Us informed Zioc shareholders.

Gla.

I look to invest in company’s with the following criteria:

In order of importance-

1) not a life style company/chronic share issuer.

2) the directors/ceo have “skin in the game”

3) at or near long-term lows/support

4) negative sentiment.

I hardly ever catch the bottom, but continue to leverage in(quite often in 10s of trades/tranches).

Gl & ps I think gemd meets the above criteria.

Pss I’m only responding out of respect of you having shared much research & insight with fellow investors.

And that’s if indeed the 2nd&3rd tranches get done!

And perhaps the final piece to the jigsaw is the cost/logistics of getting the ore, to the soon to be built port, by the proposed slurry pipe.

Well I’ve done what seems to me the “sensible thing”, I’ve added 6% to my holding here.

IMO a deal gets done this year.

Gla.

Disappointed as all here with the SHARE PRICE, but can’t really see what has fundamentally changes in a week!?

Started adding again, let’s see if the management can finally get “the bunny” out of the hat.

Gla.

Gla

Bear: I didn’t mean that statement in a boosting “kind of way”, it was more just advice to perhaps switch off when the swings kick in.

Ps we were up on the week overall.

All IMO.

Gla.

Well summarised Bank:

Time will be the remedy here, let our profits grow.

Gla.

You called it again bonker!

As the saying goes “let the trend be your friend”

All good, patience it is then.

Gla.

IMO, mission accomplished, lots gave up their golden tickets, and traders got stopped out(perhaps making a few quid(good for them)).

I decided to switch off, and save my sanity(£100k daily swings really play on your emotions!).

12p held, we are now in a new trading range(cementing 12p as support(previously resistance), next resistance 25p(a big one), hopefully all this T/A talk will be irrelevant with a buyout offer.

One things for sure we are definitely getting a RNS on Monday morning…please be the one we’ve all been waiting for.

Gla LTH.

Ext- reminds me of where we’re currently at ..”One minute to midnight”!

Beautiful retest of the 12p resistance(now support).

Feels as though the MMS are gonna have to let this run.