Member Info for millerston

If ZIOC are guilty of extreme incompetence by under budgeting and missing deadlines, how much faith do you have in their NPV calculations ?

ZIOC make concessions because it is in dire need of investment capital.

The Placing was over subscribed because it was attractive to the subscribers, surely ? Do you think our new institutional investors are being set up to be ripped off?

The suspension of the Shard subscription mechanism is no great loss to anyone.

All the bad publicity comes solely from you.

Help me out and tell me why ZIOC and RAM want bad publicity ?

RAM haven't delivered on Tranche One.

It wouldn't be because of you threatening legal action / bad publicity, would it ?

Don't forget your part in all this, Chief Cheerleader.

You and your little band of sycophants rounded on anyone who took a more cautious approach. Result, you were living inside your own echo chamber.

Remember your love for Elphick. A man of probity whose reputation was of the utmost importance to him. Now he's the devil incarnate.

Are really just another private investor?

Who are you fronting for ?

Who's bankrolling you ?

What's your relationship with the white shoed law firm you occasionally like to namedrop ?

They're were no serious potential bidders. In all your research you couldn't name one.

Incomers reshaped the company register by buying out Glencore. You were over the moon at that.

The punitive break fee is chicken feed and we will get back the 80 % offtake.

It's pretty clear no one wanted to lead, we had to go back to the one guy who has shown any commitment to to this project.

Mick Davis committed $350m of Xtrata capital and is proposing to commit another $150m from the concert party. He's also

arranged the crisis placing of $7.2m to keep the lights on.

" RAM bring nothing to the party" , now your having a larff.

Glencore and Zioc thought a fair price was 4.2p, did you completely miss that ?

The "little guys" can still buy in for peanuts.

If your average is over 8p, you clearly overpaid.

I've got a limit order for more at 4p.

ATB.

The "little guys" can still buy in for peanuts.

If your average is over 8p, you clearly overpaid.

I've got a limit order for more at 4p.

ATB.

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