Member Info for Dustfilter

Zak Mire. Is there a worse share blogger/ promoter on AIM?

Norway is a beneficiary of Hormuz-related energy pricing and who is better placed than producers such as Var?

Jiving. Except we don't know who all the players are behind RAM. If Marty holds a stake in RAM then his investment in ZIOC would be a small price to pay to enable a far bigger payout via RAM.

We just don't know enough.

My suspicion is that RAM will flip the Zanaga asset to a real operating company and create multi-generational wealth for anyone who owns a decent chunk of RAM. This is after ZIOC shareholders have waited and paid so much over the years.

Millerston

How much opportunity was I given to react to the retail offer? There wasn't even a red dot on this esteemed website. It was after hours when most retail investors are switched-off. How many hours were we given? Were we given the opportunity to liquidate other assets to buy at 4p? No we were not.

Some opportunity!

Are there stooges on this AIM cesspit messageboard?

Thanks for posting that NewKOTB. I was distracted whilst choking on my Ovaltine :-)

I am fully expecting the straight jacket to come off the SP tomorrow now that the 4p cronies have added. Welcome to the AIM cesspit.

Millerston,

- On the day before the 'Proposed Strategic Investment' - that's RAM raid to you - the SP closed at 8.4p. Here we are at 4p.

- The >50% collapse of the SP since the RAM raid should need no explanation.

- 4p offer to ZIOC cronies is mates rates all over again. We've been here before.

- the suspicious-looking straight-jacketing of the SP has been noted on this forum. Another sniff-test fail

- ZIOC shareholders do not know the identity of all the parties behind the newly-formed shellco RAM yet are supposed to make an informed decision at the EGM.

- RAM will likely take 87.5% of the asset for peanuts realtive to the project NPV

- We are not told who the 4p cronies are either and I'd say we never will as TR-1's seem to be optional around here.

- We are not told for what purpose the proceeds of the raise will be used.

- Does ZIOC actually need cash or is this mostly a ploy to boost the EGM vote in favour of RAM? (whoever they are)

...and that's just for starters. The whole thing stinks and it is, indeed, an effing disgrace. Some here are finding it hard to admit they've been shafted.

"It is easier to fool people than to convince them that they have been fooled."

(Mark Twain)

"The latest book build to ' institutional investors' is to ironclad the vote imo."

That was exactly my thinking also, NewKOTB.

I'm wondering if there's a large shareholder who's reflected on the RAM-raid and had a late turn of decency? We'll never know.

Whatever, this is an effing disgrace.

Https://www.investegate.co.uk/announcement/rns/zanaga-iron-ore-co-ltd-di---zioc/retail-offer-/9569431

Stas,

"but what is your ultimate goal, to ensure that neither RAM, the company or the shareholders ever get anything out of this...?)

Do you really expect extrader to give an answer to a question of that calibre?

Give your head a wobble.

The pilot production concept sounds attractive as a sensible method of tuning processes and getting some product out to customers. I'm in agreement with Shaun and with others here who have discussed this

I'm wondering, however, would such a limited, 3rd-party production pipeline constitute 'production' and trigger Century Metals to make their move?

GLA

"Any idea about the diversification into an additional cash generating project by year end."

I have no idea other than it does not project confidence in the assets/projects the already have or their ability to fund existing endeavours.

REE entered into a finance deal with a counterparty in which the lower the SP goes, the better the deal is for said counterparty and the worse it gets for REE.

Then you have millions of in-the-money warrants on top

...so the SP dropped again. Lots.

This is shocking naivity by management IMO.

The 250K+ trades I'm guessing are warrant-related sells. The spivs who hold the warrants probably sold their placement shares ages ago and have been waiting for as liquidity event like today to dump their exercised warrants.

I just hope that Altona is in a position now where management will never again consider this form of fund raising.

The market maker will now take 1.5M shares from me in a dummy sell (that's all I have in a single account).

That is real demand. I'm not fooled by this take-down. I have added in the 3.6's

...at 3.45p. IMO this is dirty tricks in play.

I can sell 1 million shares in a dummy trade. This is BS

The ask seems to be clamped at 4.54p. Either there's a big seller or it's some MM fun and games. I can sell 1M shares at 4.40p in a dummy trade so I suspect the latter.

I think we get past 4.54p and then 5p will soon be in the rear view mirror. GLA

"Don’t worry the RAM deal values us at a minimum 15p……..The fact Glencore was an investor here should give confidence in the resource, nobody disputes what we have."

Oh dear, Oily.

- There is no guarantee that ZIOC shareholders will ever see 15p from the RAM raid. Should the 'notional' $1B capex cost increase then ZIOC's share of the project will be diluted downwards from 12.5%. Mr Market knows this. The project is also still subject to goodwill from RoC government and whatever spanners the RAM-raiders may throw in the works. The 1% royalty will almost certainly become 0.5% as soon as revenues start. Mr Market knows this also. The current 5p valuation should be a warning to folks expecting a guaranteed 15p - but obviously it's not.

- Glencore did NOT invest in Zanaga. Glencore acquired their share of the project amongst many assets when they took over Xstrata. Green field sites such as Zanaga are known to be non-core for GLEN. GLEN did not acquire Xstrata because it wanted Zanaga. GLEN's stake at Zanaga was actually an impediment to the progress of the project.

I'll add that we still don't even know who all the parties are behind the newly-created shellco that is RAM. I find this an appalling fact. Mr Market knows this too.

Why are we seeing so many uninformed pumpers from the Pantheon Resources (down 71% in past year) messageboard? It's not a good look.

Most constituent stocks on AIM are garbage and are operated are run for the benefit of the BoD and the ecosystem around it (think brokers, PR agents, etc).

Yes I'd agree that AIM is an inefficient market as most of its stocks are over-priced and massively hyped by pump and dump shysters and paid promoters on messageboards.

I don't know or care where MM is now. What I do know is that MM (and Eddsy) appeared in 2017 and both posted exclusively on just 3 stocks: TLOU, GLR and ZIOC.

Ex, for your friend...

- Hammer

- Nail

- Head

Btw a hammerhead garden I believe is a rear garden where the ends of neighbours' back gardens have been acquired and annexed into one's own. The resultant shape thus resembles a hammer.

I now have the song "Hammerheads" by Shriekback as an earworm for the rest of the day.