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That's obvious - they are only offering $25m to get the deal they want! And yes, it's a blindingly good deal for those running the show.

GGG I think its you not me that has not properly understood the deal we've been offered, and a shareholder revolt would (without any viable fallback) be a shot in both feet.

The “deal” is so one sided -where is the clause stating that Zioc shareholders are entitled to say 50% of the proceeds if RAM sell the project on to a third party?

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So what? ZIOC is keeping its 12.5%

I am mystified why this has dropped so much to be honest, other than pent up disappointment, and overreaction to where it will lead the share price. I will leave you all to figure it out!

How do you think you can still be shafted given the protections in place inherent within this deal? You have already been shafted to get something in the end, the little guy wins a lot less than the big players. The reward is that you have a better prospect of getting a return in the end without such a high risk that your shares being diluted out of existence and trading closer to 1-2p. If you had discounted that risk already then really you should not have done.

Atg, so how else did you suppose the mine was to be funded....? This way involves significant shareholders who are best placed to take a view on the future who are staking $150m on the process being successful. That's strong backing and a positive market signal, no?

No, because I first invested here about 20 years ago, and now, for the first time, I can finally see an end game which makes me a multiple. It's one for the bottom draw now.

I'm on side with what Stas says because whilst the SP did not jump, Zanaga had no power to bargain, or it would have eventually gone bust. But the timing is now and this mine is now happening, unless the credentials do not pass FID, which is no different than to how it was before. The long wait for funding is over if the plan is for RAM to stitch the $1bn mine construction deal together, with bank funding, new investment to dilute their own 87.5% stake, or public listing, or whatever is the plan. I don't care if they flip it to a major, as it cannot affect the 0.5 royalty and $50m upside for the other 0.5% which pays me back 100% at a 6p entry price today. Far fewer risks now than ever there was.

It's a grubby deal ...... but it resets the base of expectations to new realistic levels and that's important IMO. It's still a long term hold but one with vastly more chance of succeeding than ever before and perhaps a pay day will come at tranche 2, or alternatively there will be money to pay for ZIOC's 12.75% seat at the table. RAM cannot ever take away the 0.5% royalty, and that's a value which covers today's share price. So I think it will attract new band of punters with a different lens, and one day soon it will be trading above 10p. Vastly diminished risk of getting screwed over from here unless the deal sinks. I am back in for that reason.

Shaun, they sold at a price and with a deal that potentially gets a mine built. A deal where Zanaga has no other strategic bargaining power, and Sir Mick gets his handsome reward for sur, as he calls the shots. If the mine gets built you will do well with your shares, but as ever it's a long wait and risk RAM won't proceed to tranche 2

Ps. I sold at 6.8p in a rush so I'm in the same boat as everyone else

Atg, I have been invested for many years, and this was 25% of my portfolio until relatively recently but whilst the values are lower than anyone would have hoped I can see some real positives. ZIOC always needed money and this was one of the two big risks including the consequential always lack of bargaining power. But IF the mine gets built then everyone holds shares that will be far more valuable than the price today (a multiple). It's a long wait, but it has always been that way and now there is a beaten path to follow.

The 15p is purely notional, it sets a floor valuation bt likely that the SP will crash nearer 1-2p if that situation arises as ZIOC would be an unfunded mess with out strategic investment, with any partner looking to do a very sharp deal. The project needs to get over the line with this deal, and if it does (plenty of risk), 6p will be a good entry. Rhetorical question: Is that better or worse than it was before the strategic investors ever showed up, when the price was hovering nearer to 4p. I don't like the $50m price to buy back the 0.5% royalty which seems like a kick in the proverbials but will this help to secure mine construction funding ?

Disappointing news even for me, but it's what I have come to expect on AIM. I'm sorry for all those investors who didn't get something better.

A decent rise today. Saw a post on linked referring to Nike's visit to Croydon, talk of "scalability and what's next"

The issue isn't a "level of secrecy"—it's mandatory confidentiality. Publicly disclosing JDA partner identities, ongoing litigation strategy, or detailed negotiation terms would violate NDAs, compromise competitive advantage, and could materially harm the company's ability to create value.

"The board provides RNS updates on all material developments as required. Their duty is to steward the company, not to host a daily podcast for shareholder anxiety. In this phase, with active litigation and commercial negotiations, what some call "secrecy" is, in fact, necessary operational discipline"

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And yet, last time in this position, we had Tenner singing like a budgie about settlement strategy and values..What a hoot.

Sold all my stake at 6.8p a few months ago. Oops. Just felt I had to be more sensible with my investing as I've spent years of my life waiting on stocks like this never delivering..... Now watching with gritted teeth but will be pleased if it comes good for the dreamers.

Some posters seem to regard the previous settlements as a reliable guide to the likely outcome, but its really not because whilst PTAB validated the key patents, proving infringement is a different story. And if Shoei feel compelled to protect their multi-million dollar acquisition of Nanosys, as it is doing, then what hope is there of it offering a settlement? The litigation strategy of both parties is puzzling (we can only guess) but I cannot help but think that Shoei customers are the ones who want the certainty. On whether this makes Nanoco investible I would tend to the same view as I did before the Samsung case except for the fact there does not seem to be any serious value in a potential award of damages at this stage. Happy for someone to persuade me otherwise on that point.

The current ltigation will be low value, but means the game's up for Nanoco if it loses. A bit ironic they are now forced down that path given it was the same basic situation with the Samsung litigation, but where the value at stake was inifinitely greater. I can see two main scenarios playing out now, neither of which is good for shareholders. Either the IP is worth nowt and they go bust, or it's worth something to someone who will pick it and use it after Nanoco goes into an extended R&D phase, begore or after it goes bust. It was the outcome foretold by the Samsung litigation setttlement disaster, but keep filling yer boots, Terry AI!

Dead right! The reat of that money now squandered. But guess who prospered from running a pure R&D business for the past several years. It's taken me 25 years of investing mistakes to spot this kind of "show". Feel sorry for those still holding out hope.

He was wrong (again) but he can always rebrand (yet again) as "Truth AI".