Member Info for G_G_G

Rambo, not sure the point of calling for ATs resignation. First of all he's an unimportant 'somebody's son', which makes it pointless getting rid of him. He has the job of being the 'face' of Zioc, nothing more, and has zero influence over the big picture. If you want something to happen with the project I'd suggest blowing up the next meeting of the Nguesso clan. When China has negotiated (paid off) the powers that be in RoC they will buy ZIOP. Not before-hand. The hint of what's happening can be found in the ludicrous costs placed on land expropriation for China to build the SEZs. This alongside not having ownership of the land they'd be sitting on. And the land expropriation costs of the railway linking them to the mines. And all of this before you get to the really big one, which is ownership of the deep water port liked to the SEZ. All that's happened is you're now starting to understand why so many lth's were telling you to calm down when lecturing us on the value of the project and how we'd all be millionaires tomorrow. We're a tiny, but valuable cog in a rather big machine that is slowly being built. So until all the parts of the machine have been assembled and ready to be fired up, we don't have any real purpose. My advice is to sell up or relax. GLA

Great responses. Appreciate it fellas. Djryan, we used to exchange posts a bit over at hzm. You may find me over here in the not too distant future. One last question - how much skin in the game for our directors?

Thanks guys. I noted a comment about a copper price hedging program - how much of their production is hedged, at what level, and for how long? Clearly this will impact their ability to finance repairs / improvements out of cash flow. Also does anyone know their current debt level or net cash position? Thanks for the answers btw - currently working so don't have much time to do my top-line research.

Issue is there's a few people buying / selling pocket change with most investors having taken their position. We had a few new investors the other week that created modest buying pressure (500k-1m) and they took us to 3.2p. We need more new investors, alternatively we need news. The EPC contracts would be a good place to start if the tariff is going to drag on for a few more months. This is, and always has been in Hanno's control. He also got the timings woefully wrong (like most of his timings) so needs to pull his finger out and give his investors something concrete to cheer about. We've heard the 'we're in positive discussions' statements in interviews over the past few months, he needs to show positive developments. The EPC contract is the biggest thing remaining other than the tariff agreement and will take us back to the 5-6p range. Alternatively SF can buy some more shares or even better cash in some warrants at a higher price so the market understands there's some substance to the claims. SF is free to cash in warrants plus we need to allay concerns about funding, so if there's confidence in the main project going ahead it would be a good time to do this. Hopefully something substantial soon. We get our results update this month so maybe something then...

Agree Shard selling, but to who?

Hi extrader, yes agree the Nguesso clan movements are also interesting. The story is being told, it just needs an ending.

Regarding nccl, I'm not as concerned at the moment. It would be unbelievably foolish of EDM and Moz to have allowed everything to drag on over a number of years if they're to pull the plug now. A political / business / economic 'own goal' of massive proportions. The plant itself isn't just a generator of income for the gov.t, it will also unlock development in the wider area, namely mining. So would be a ******ed decision on all fronts to pull out. The main question for me is whether the tariff is going to take another 6 months to be signed and whether we have any funding concerns as a consequence. If mgt are confident I expect any funding gap would be small, short-term and easily filled by SF cashing in warrants rather than a capital raise, which would f@ck investors off to no end. I get the feeling that nccl mgt expect the tariff and main project to move ahead in the coming weeks / months, which is why they're positioning themselves for the solar gambit. As you know I can be one of Hanno's harshest critics, but the last interview did make me relax somewhat on my investment there, unless he is knowingly leading investors down the garden path with what he's saying. I posted some of the verbatims from Hanno's recent interview as the basis of this judgment. Wrt Zioc, as always I think it will happen, just don't know when. At least with nccl we know all the steps that have been taken, we're quite far progressed, and really have one major step to unlock the few remaining milestones. It's a binary play, but equally one of only a few triple your money instantly investments on Aim at the moment that has been somewhat de-risked. And the news could literally land any day given it's 4 months overdue. Equally it could be in another 6 months, or never :) With Zioc, we've been kept in the dark for years so I literally have no idea where things stand, what's to be expected in the near future, or anything else for that matter. Funny thing is I get more p!ssed off with Zioc when I have more shares and money wrapped up in it.

Don't know about 30-40p but can definitely see 20-30p when we start drilling the Nth Sea assets, providing Brent is still circa $65-70 and we still hold at least 30% of the assets. But first we need the f/o done. We'll move quickly to 15p on the back of that providing drilling is within 6 months. Can't be far off now.

for the uninformed. I noted in a recent rns the need to look at financing options - are people expecting another raise here anytime soon? Also, what are the reasons for the share price weakness (on a postcard)? Appreciate all facts and opinions.

Agree extrader but sadly I think they'll give us very little of what you've mentioned. Either they're an incredibly shabby outfit, or they're keeping us in the dark for a reason. For the latter option I don't believe we'll know the reason until that 'lottery' rns drops. That's of course if you believe the latter option over the former. Really hard to say as I often get the feeling this is a massive resource sitting there waiting to be sold and they have a trust fund baby in Trahar babysitting it and answering the odd email when he's not holidaying. I think they all believe it will be sold at some point, which is why they're content to do f'all and take shares in lieu of salaries. This last point is the main reason I stay invested. Having said this I have sold down on my past holding - I now only have 300k (£25k) invested. My usual range has been 500k-1m. Overall I'd say I've made a small amount of money trading Zioc over the past 4 years or so, but very little and even less when one considers how much I've made in other investments while money has been tied up here. Fwiw I don't think we'll be getting news for sometime. It's not that we don't have interested buyers - I think the Chinese are most likely very interested. I think the RoC government is getting in the way of the sale. My guess is the ruling party (family) are looking to take as much money as possible for land expropriation and various permits and the Chinese are unwilling to meet their demands. Once the brown paper bags have exchanged it will sell. But I don't get a sense we're very close to this happening. Unless of course the mystery buyer(s) are Nguesso and his clan, which leads to Shirtyharry's point where I've thought the same thing when selling down a couple of hundred k over the past month. There always seems to be a buyer of the 100-200k daily chunks going through, and the sp seems to be getting held at 7p. Make of that what you will. GLA

On current volume we're not even going to be top 3 over the past 3 months. Makes you wonder wtf is required to get the sp and volumes really motoring. Agree with poster that Canada should help push us along this afternoon and hopefully into double digits for good.

simonswood I believe the payout is .0014p per share. So you get about £1,400 per 1 million shares. This is about 6.5% annualized yield on a share price of 10p. I'm expecting the H1 divi to be around double this amount given the increase in oil / gas prices on a similar production base for the entirety of H1. My reckoning is the 'special divi' is essentially a % of fcf from last year's operations and perhaps a little from Q1. Don't really care to be honest. We're going to be getting 2 x divi payments over the next 3 months, alongside a steady stream of value enhancing news.

Fact is having the ability to provide power in this region is less important with regard to 'power to the people'. It's about meeting the power needs of corporations. Mining investment alone will open up if reliable power can be accessed from the grid. EDM / Moz get dependable payments from corporates alongside being able to provide energy to the populace. It could of course fall over but we're so far down the line I think it's more about dotting 'i's' and crossing 't's' now. Hopefully Hanno and CMEC can deliver the long overdue EPC contracts in the next week or so while we wait for feedback / approval on the tariff. Far better to be launching from 5p than 3p. We're approaching 6 months with no word on the tariff other than it's progressing positively. Surely it can't be far away now. Hopefully more news next week with our scheduled update. GLA

So much good news. I'm still sticking with my belief that we'll be in double digits (and staying there) as we approach the ex-divi date in 3 weeks. The fact we're going to be paid a H1 divi at 30% of fcf for the entire period in September is incredible. Not sure about value, but expecting around double the special divi. Still a bonkers valuation here.

Imo we'll slowly creep up to 15p with the addition of Noel, f/o, acquisition and exploration well successes being announced. his should happen over the next 12 weeks. If they execute everything mentioned to date we'll be comfortably above 10,000boepd with a better proportion of it being oil. The divi will likely increase in line with NOI, which means one could reasonably expect a 30-40% increase. At current poo, drilling, clean-ups and acquisitions we could expect to still be getting paid a +5% divi in 12 months even with the sp at 15-18p. This excludes any upside from a f/o of Nth Sea or the Simonette assets. I simply cannot see a world where we're not sitting at 20p in 6 months providing poo stays at / near $65 and we secure the Nth Sea f/o with drilling scheduled for Q1 2022. We should be 15p right now. The market is sleeping on this company. Once divi gets paid and f/o secured I think people will wake up to the opportunity. A little more evidence is required but I'm expecting a pretty fast re-rate over the next 3 months to nearer peer values. Bloody brilliant place to be invested!

Why in god's name is it a good idea to settle with Cassidy in cash? Dilution on this occasion would be happening at a 30% premium. In other words 30% less shares being printed to finalise the deal. I've made money trading here in the past so always watching HUM and looking for the right time to re-invest. But if they settle in cash with Cassidy and have no real requirement to do so, then I'd say mgt are first class m@rons who need to quit their jobs. They need up-front cash as part of the equity component to get Kouroussa up and running. The sale of Cora should only have been done to add to the equity element to secure the other 70% in debt funding. If this is the plan then I'll shift money over here again. If not then I'll avoid. Dan Betts appears to be another trust fund baby ceo. He's been given a toy by Daddy and so far hasn't done enough with it. The toy and wider environment have effectively been too good for him to f@ck things up. Imagine if gold was back in the $1200-1300 range. The company would be bankrupt. But I cannot see gold dipping below $1700 in the next 2-3 years. And believe there's a strong case for +$1800 and perhaps +$2000 for the near term future. Add another 100k production per year at less than $1000 AISC then you've got quite an earner. One thing that Dan should be commended on is the Yanofila build was on time, on budget, with relatively few issues encountered. Given it's close to a repeat one would expect they can pull off a producing mine within 18 months with little to zero dilution. Easy 200% capital gain in 18 months if gold stays above $1750. This scenario attributes no value to Dugbe. Hum isn't valued where it should be at he moment but I believe that's largely down to Mali coup and Hum having just the one asset. There's also the impact of some of Dan's stupid decisions (dare I mention Bunker Hill), plus the lack of clarity over Kouroussa. I expect all three of these issues will sort themselves out over the coming months. And in that time Hum will continue to make decent cash, albeit lower than they should be making, whilst gold is near all-time highs. If by the end of the year they can get Yanofila's AISC under control i.e. closer to $1000, add a year to Yanolfila's reserves, Kouroussa settled, financed and the build started, then one should expect circa 100% higher share price than current. But there's lots to do. AIMHO GLA

A small amount of buying pressure and we jump 10%. Shows how holders are unwilling to sell down here in any volume. With tariff news, which is the most important milestone for the company in its history, I can't even guess the volume and price change over the course of a week. We have a relatively small free-float, and once the tariff is agreed I believe most long-term holders will continue to hold as everything points to a partial or full sale shortly afterwards. Incredible share demand with little supply plus an unwillingness to sell will result in one of those classic AIM re-rates. GLA

I'll come along for the donkey ride as well Tony. WTI now above $72. F@cking madness this share price. We're either going to get a soft / small re-rate to 10-11p on the divi or we're going to need something to light the blue touchpaper. I agree with your comment that we may need to wait until the f/o to see the proper re-rate to 15p range. Or we could end up being taken out. Happy to wait and pick up a nice tax free divi in the meantime.

As I've been saying for a very long time, all that matters is the tariff approval. It says the project is going to happen. There's also over £50m in payments (historical costs, subscription fee, developer's fee) due to nccl based on previous statements made by Hanno. But we'll only have confirmation of these numbers once the tariff is signed. I think shortly after tariff approval we'll also get a sense of whether there's going to be an outright sale or partial sale of the project. The tariff gets signed and I can see us at 8p in a flash and wouldn't at all be surprised if we break 10p within the week. To some extent it will depend on our sp before the news lands. The costs to be paid to nccl are worth 15p in themselves. What's the remaining 40% and 4bn tonnes of thermal coal worth? We have an update in less than 2 weeks where hopefully we'll learn a lot more about the tariff and where things stand. It would be great if confirmation of EPC contracts being signed are released before-hand so another milestone is released that provides evidence of the project going ahead. The EPC contracts were 'nearing completion' 1 month ago so must be very close now. I expect this will give the sp a nice bump. Hopefully it will take us into the 5's so we have a nice launch pad for the tariff. Some more buying or converting of warrants by SF wouldn't go astray as well. Again a strong signal to the market the project is going ahead. But it's really up to EDM and Moz to show their commitment now. GLA

Old, where is it located? And how big is it?

It's why I've been saying announcement and approach of the ex-divi date will start some sp movement. When investors realize the divi yield (and how safe it is), plus the value story, they will start to jump in here. I'm fully expecting us to be in double digits before the ex-divi date and I don't expect much of a drop afterwards as the value story is too compelling. I also think we'll get some news around that time to keep investors believing the best of both worlds can exist. GLA

Given the low volume trades and no news the sp is at the mercy of small time traders. Those sells were probably from someone who bought in the low 8's (or even high 7's) recently and took their 10-15% off the table. A couple of £k for a couple of weeks. Until we get the next decent piece of news I can weirdly see us dropping back down to mid 8's. Higher than the recent lows of mid 7's, but low enough for the traders to come back and put their £10-20k in us for a little while longer. It's the perfect company to trade in many ways. No short term downside unless you've timed it wrong by half a pence, but potential 10-100% upside depending on news like landing like exploration success or f/o. For all we know they could be about to do another bigger deal or get eaten themselves. I can see an offer of 18p+ being enough to take the lot from all of us.