Member Info for millerston

MM64,

Are you voting against the RAM deal?

MM64,

NPV is all about future cash flows.

Think of a number and discount it. LOL.

Do you think the Concert Party used NPV when they rustled up $7.7m ?

And if you think RAM didn't use NPV to pitch their offer, what makes you think anyone else will ?

MM64,

LOL.

When was the share price last at 40p.

Have you any sympathy for the suckers that bought at 150p ?

Dustfilter,

No need to be snarky.

You sold at 6p !

Not very convincing when your trying to sell ZIOC at 40p.

You are now admitting you would settle for 50% profit.

Dustfilter,

You also bought in for pennies in the pound.

RAM are offering $150m of new capital, it's the only deal in town.

They're holding the door open for you to get in at the same price as the Concert Party.

What's the alternative.

I've backed up the truck.

I'm voting for the deal.

MM64,

NPV vs current share price.

One of them is fiction.

They're not giving it away for peanuts. They're doing a deal to receive $150m in development capital.

Did you pay a fair price for the previous work done ?

What about the poor suckers that paid 150p at the IPO ? They should be on here crying their eyes out.

RAM are investors, most on here are bag holders. Look it up and then look in the mirror.

"$400m spent proving up resource"

And you bought in for how much ?

10% of NPV is fantasy, the current share price proves it.

If this deal falls through, I expect them to come back with an offer along the lines of recent weighted average share price plus premium.

MM64,

Your all over the place.

"Board value company at 4p. RAM value company at 15p."

At the current state of development, what do you value the company at ?

They were running on fumes. As of 30th April the were down to $300,000.

You cant run it on a shoe string and have a fund raise every month.

The need for capital has now risen exponentially.

Be lucky if we stagger to Q4.

Yeah, they should have anticipated the Gulf Crisis.

Clown.

It's no wonder they wont engage with you.

Beardozer,

Me too and my takeout price was not overly ambitious.

Half hoped for an all share offer from Glencore

When Glencore owned half, I even thought buying Glencore was a better way into ZIOC. Getting paid to wait and all that.

Massive dilution was guaranteed when when they confirmed the wanted to build a mine.

Glad you got some shares in the Retail Offer. That means you are now a member of the Concert Party.

LOL

Hoping for a speedy resolution to all this.

ATB

Ex,

ZIOC is a penny stock which seriously limits the amount of money which could be raised it's shareholders.

Mr Snide,

Only a fantasist would believe this project was achievable with next to no dilution.

Blame Glencore all you want but it is the Concert Party who have finally got this project moving.

You can look forward to more dilution.

ATB

Ex,

Elphick minimised dilution at the cost of no progress.

ZIOC is now preparing to break ground.

Ex,

I'm at a loss as how Shard went about getting the best price for shares being dribbled into the market.

Got their 5% regardless . Did they even have price targets?

The Shard operation was suspended for a reason. Cant recall any other company using that method to raise funds.

The "invited placees" fast tracked the funds within hours with no underwriting fees.

For $7.7m Shard would have charged $385000.

" why didn't RAM advance us $1.6m " ?

The RAM deal has not yet been approved by ZIOC shareholders.

ZIOC now has more working capital than I can ever remember.

You propose paying deferred fees when they have achieved something. They wont achieve anything without working capital. Zioc was

running on fumes on no small part due to the paucity of funds raised by Shard.

HTH.

Institutional investors are investing in ZIOC not Jumelles.

Nice attempt at scaremongering.

All ZIOC shares are pari passu .

Ex,

(1) You would prefer more dilution ?

(2) It's a fund raising not an exercise in housekeeping.

(3) Pretext ? No they're telling you it's for bulk sampling, $1.6m.

If $1.6m spend balloons to$3.2m RAM will reimburse us $2m. Not getting an open cheque book.

Shard deal cost us money, was slow with unpredictable cash flows and was opaque. Were Shard favouring anyone and at what price ?

Thursday's fund was more efficient and transparent.

(4) How do you propose paying the directors deferred fees ?

Directors have chosen shares over cash , what share price should we use to calculate their share entitlement ?

(5) You agree the Placing was a good thing?

Retail investors were not left out. The had a small window of opportunity, all night to sleep on it and the door was held open for them to buy in at

much the same price as the concert party on Friday.

(6) "token disclosure"

Nothing token about it. They have disclosed the concert party control 32.67% of ZIOC shares. Greymont et al are private companies, the

constituent shareholders are none of your business.

TR-1's are not applicable. Their shareholdings were disclosed when they funded the Glencore buyout.

(7) "twin track approach"

You've lost me.