Member Info for James123

Companies House has now been updated to show from the 29th October 2020 ERRIS GOLD RESOURCES LIMITED has no "persons with significant control". As such ERRIS GOLD RESOURCES LIMITED is not a subsidiary of ZNWD.

For CP52 & JET47, I hope this concludes the confusion for you and allows us to keep this board focussed on ZNWD (formerly Erris Resources Plc) and the brilliant opportunity this Lithium play offers to Europe and Shareholders alike.

Congratulations to the people that got in at the 6p bottom. I see this share comfortably tracking to 15/16p as fair market value, with a HUGE jump triggered by an imminent announcement in relation to funding and/or a deal with the Solar Winds administrator.

Invest big, like we have all done on Bitcoin. Don't be the chump retail investor that is always behind the curve and left behind!

@Lexaris thanks for sharing.

I beleive that the Companies House data from 10th August has changed and Companies House has not yet been updated - albeit this should have been done within 14 days.

My logic being that the Erris Resouse shareholders https://www.errisresources.com/number-of-shares under rule 26 on the 30th September owned 43.35% of share capital, this is before the placing and does not include the smaller PIs. Each one of these investors on the transaction date, received a share in Eris Gold valued at 1p, I can not believe that these investors, the placing investors and the people on this baord own less than 25% of Erris Gold. There was nothing in the RNS to state that a share buy back occured. I am sure It will come out in the wash I am sure but for the time being I am stcking to my guns.

Do share if you think the logic is flawed.

Sorry @CP52, to be accurate, Erris is not a “subsidiary” of ZNWD as you state - Erris has been fully divested, is a new legal entity, that ZNWD now has no links with.

@serendipidity given that Erisss is not publicly traded, I think you will be safe in your assumption. Probably worth a call into the platform, to satisfy yourself of this.

Oh dear CP52, you don’t get it do you.

It is a simple request that you respect the rules of the board and the community by staying on topic. The company has moved on, you need to as well - that is how life works.

The board will not benefit from being contaminated with the baggage of the past. The new company structure is designed around simplicity, Erris Gold is no longer part of ZNWD future story.

New investors and alike coming to this board do not want to hear about something that no longer has a relevance, it only serves to confuse the narrative.

Oh, and one more piece of advice - Reflect before bashing the keyboard to respond.

Accepting I am of people wanting to understand where their Erris Gold share certs might be, can I politely suggest CP52 that you no longer use this board for Erris Gold updates. It is not what this forum is for and is now an Irrelevance.

On a positive note, now Barclays have finished selling their shares, we are rising of the 6p floor quite nicely with an interesting new investor I would wager!

I think you will find that the vast majority of us buy into a connected global world, recognising that we all operate in different ways.

I am completely comfortable with the company following market forces and going private. Fair value for our shares would be enjoyed, should such an event happen in years to come! In the mean time, let’s enjoy the value that Ganfeng bring to the table beyond $S and let’s watch our investment grow!

Good news for us shareholders!

Personally I don't get all the China bashing - It is trade and the more connected we are the better, partners of Gangfengs pedigree and calibre should be celebrated with our eyes wide open. If you don't like it, don't invest and take your xenophobia views elsewhere.

Still plenty more to go, but this is shaping up nicely.

Bernardomv9 I think that is unfair - when Glonze invested in Eris, I don't suppose he knew that he would end up owning (by being dragged along) a major interest in an excellent German Lithium mine. To expect armchair retail investors to be familiar with Reverse Takeovers , Shares in Species, Divestments, name changes, enlargement of share capital/placings all happening in tandem with one another is a bit of a stretch I would say.

That said - for the avoidance of doubt, your new share certificate in Erris Gold Resources the unlisted venture is virtually worthless - There is no market to sell, any new placing will be highly dilutive and the cash burn in the business will soon deplete the small amount of cash they have.

What can you do? - Double down on ZNWD I would say.

"Mostly" debt funded I should say..

I don't get it, what is funny?

Positives are that the proposition is likely to be debt financed, for which a lot of the funding is in place. - meaning us PIs are less likely to be diluted. The project is a long way down the line and is oven ready'ish .. The whole project pivots on Gangfengs "investment decision", that is to say do Gangfeng want this mine producing for them, given demand, other mines they have, price etc.. The alignment of the directors motivation through the new LTIP and STIP plans with that of our own is open for debate.

I think if you want to be part of the new world with investments in Li, which will undoubtedly be part of our future for a long time. Both this and ZNWD are a good place for you money and offer the prospect of great returns - but prepare for a long wait, cheeky spreads and low liquidity. If you want a trade that will see a 30% climb in 3-6 months, then Bitcoin is where a lot of the smart money is going, especially now people like the Norwegian Government Pension funds, Nasdaq Companies, Paypal and others are investing.

Either way, both are fresh new world investments that should absolutely make up part of your portfolio, much like the FANG stocks should have done 10 years ago.

Good luck with whatever your decision.

@Slift 5p would definitely be a great entry point - The CEO had an option of 600,000 shares at 5p and would have been looking for a significant payday from there!

Yup, they raised £3.5m cash, bought a company, reversed themselves into it and span off one of their Gold prospects.

Confused? Well now we own a company for next to nothing that BCN paid 5m euro for in 2017 to own half with an additional 5m euro cash commitment for development of said company. The remaining 50% of Zinnwald was valued at 30m EURO by SolarWorld (now in administration)

Sounds complicated? - Maybe, but the new company is designed to bring simplicity to this arrangement, by getting control of the whole project (by doing a deal with the SolarWinds administrators) and unlocking shareholder value , through financing, JV partner or outright sale to someone who can front up $175m to bring the mine into life.

12m to do a deal with the administrators
12m to have an event that will unlock shareholder value

QED, we are in the money - again.

That is when the company owned the Gold and £400k more cash - it is a different company now and subject to very different market dynamics.

Great value with this company at the moment, that now trades under ZNWD - The company is valued at less than what they paid BCN for it a few days ago. New focus, German government supporting them.. Looks like a good buy at these levels.

Ouch for those people that did not sell at the recent highs. For what it is worth, I think this is the bottom and that the share price will recover today. with slow accretion. The whole company is now valued at less than they paid for it!

It is no guarantee of success. When you are burning through £0.5m of cash a year and have no income, what is going to happen with limited reserves and long long pipelines?

Lots of people are buying in, much like most AIM shares on the back of Rampers comments. This is a set and forget investment that will take many years to deliver shareholder value with a "significant event". In the mean time it will need funding and the minority dragged along shareholder will find nothing but frustration as their capital is tied up. If that is the reason you are investing then fine, but are on this forum for quicker returns with much more certain upside and limited downside.

Froth and hype - you read valuations from people that are long . A lot of AIM investors putting money into this, wanting a quick buck. Alas it will be a long long slog. Probably much better of with Bitcoin at the moment if you want a quick buck. Gold has also topped.

I think you'll find the upside is already priced in. This will go down to 8p quite easily.