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Atg , I will focus on the very valuable $50m dividend + 0.5% royalty + 12.5% ownership of a multi $bn dollar producing mine. That's got to be worth at least 20-30x today's share price for those who wait, with a re-rate starting from the EGM, if not sooner. A bad deal though it might be, it's a deal and anything which takes this towards FID and beyond is going to deliver multiples of 6p to PIs

All this chat of shareholder action is bewildering naive. A total own goal unless you are happy to trash your own investments. Any raise to get through FEED would be hugely dilutative, without an end game. And that's why we have this deal today. It's really not so shocking.

It is easier on the conscience to believe you've been robbed than face up to the reality of having made a bad investment. £500k is pretty reckless. Its a junior AIm minor for Pete's sake!! Nothing should be expected. It's a loaded deal for sure but as yet there has been nothing but pure speculation of malpractice.

GGG you paint a compelling picture of how this band of senior execs have the high level influence, nous, and financial scumen to deliver a truly monumental tier 1 asset. I, for one am glad of that type of certainty. It's preferable to languishing forever going nowhere which might be where it ends up if the deal is rejected. I don't wish for that

Yorkie, and that being the case, why do all the indignant long term investors here think that Zioc can just demand 100's of millions for its interest in an undeveloped mine which lacks critical infrastrucure? It's cashless with zero bargaining power.

Arkham the $125m is designed to pay for Zioc's 12.5% share of the $1bn funding requirement

Extruder. I used the word " original". Go back, check and correct your maths!

15 it was then, I really don't care, I don't make a point of it. And I don't look a gift horse in the mouth then Zanaga is a better investment now than it has ever been before, and that's a fact.

Oh, and my first investment here was 20 years ago. It's irrelevant.

I'm ahead of you GGG because it seems you discounted a very major risk, which I purposely did not - funding, management control and bargaining power. The project is ultimately only worth what the market will pay. My view is that Zanaga shares today are worth considerably more than 6p, and we will have to wait to see if I am right. I hope a new bidder comes forward but unlike you I would still be happy if nothing materialises. That's the only difference between us. Zanaga was only rescued so that new investors could have a pay day. It was not a shock to me. It was an obvious risk and I didn't need the RNS this week to tell me that's how it is.

GGG - How long isrrelevant but it goes back years before you. I've not said this is a good deal. That's not.my perspective. I think my original guess at the buy-out price for the sweepstake was around 7p. More realistic than most! It's simply a deal. A deal which makes Zanaga vastly less risky than before. You took a huge gamble by putting so much wealth into a junior AIM minor, but that was a decision for you and make you can afford it. It didn't pay off quite like you wanted, but I don't think you will lose either. at's a decision for you. Make no mistake a about it, Zanaga is a better investment now than it was before the RNS and that's all I care abou. The first rule of investing is not to lose your capital, and if you stick with that approach, you won't go far wrong. I think if you succeed then the SP.will be 1-2p so I don't want that. But after all this, if you are right there will be a much higher bid than the one on the table. I remain sceptical of that for such a risky project as this one.

6p a share for that 0.5% royalty Catbert. PI's cannot lose!

GGG - I don't deny your anger and disappointment but we don't have enough details about the discussions with pitential investors. I'd be interested to know that beofr3 forming a strong opinion. We can only speculate. For example we don't know there was another serious bidder, with ready money, but if there is or was, they will surely now step forward if this is such a bad deal. Whoever takes on this project must assume a large dollop of risk and that is reflected in the deal that has been presented. Its crazy to think we can habe a major share of the upside without the risk, and how would Zanaga fund a bigger seat at the table is unknown. We'd be looking at some serious dilution whichever way it's done.

Added to which, for those of you who think the arch plan is to flush out a bidder (I don't), then this would send the SP Into orbit. I belive the 10% is designed to put off a bidder, simple as tthat. A big win win for RAM. Like I said terrible deal BUT there is huge potential upside from here at 6p today which was no more than a pipedream until now.

Correct. The 15p swap price, if ever it be done, will be at a time when the share price is on its knees. Is that why LTH are not loading up today? It looks more nailed on than ever to succeed and a profit is a profit.

Sirmark you could simply burn the notes in a fire as a comparable alternative to your TEK investment!

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.