Member Info for millerston

Going by lack of trading volume,. WoodMac have sold a lot of these reports.

Who are the biggest morons, management or shareholders ? As if a name change will improve our performance.

Congratulations to the shareholder who sold nearly 3 million at 0.7p, how much did you lose selling at the bottom. Why not wait for a trading update after a major capital injection.

Hi All,

500,000 @5.1291p went through but for reasons best known to themselves the news is being supressed.

What happened to the abusive post ?

How about less "research" and more buying, say in multiples of 200,000.

Hi Shaun,

Chinese company?

No names, no pack drill. Nudge, nudge, wink, wink.

We need more "research" and hot air to get the sp back up. Elphick wont provide it, it's up to you guys. I'm depending on you.

I had a rush of blood last week and bought more at 8.24p and so only down 15% on the new shares. I suspect the share deals LSE labels "unknown" are Shard distributing new shares into the market. Mine were labelled thus with delayed reporting the next day.

Get the finger out guys !

Yes it's far fetched , I'm still in full anger mode, but what is more likely ? ZIOC developing a 30m tonnes per annum mine or regime change in RoC.

And on that gloomy note I'll sign off for another year.

GLA.

Big Den looking at Little Den muttering WTF !

£3.5 m capital raise does not move the needle. Sadly I doubt Big Den will ever see any iron ore being trucked out of Zanaga.

These two aren't the problem. A bigger problem could be seizure or sanctions by the US if they do not want this asset controlled by BRICS members.

Hi extrader,

What serious intent ? They have kicked the can down the road again. The share price is signalling nothing is happening. Serious intent would involve hundreds of people, govt officials, bankers, engineers etc and not all of them could keep a secret. The share price would be creeping up. That's the mechanism that will get the share price moving from 10p to 50p.

There is no deal in the offing.

Hi Marcus,

No I didn't sell out . I was angry then when they dropped to 2p and I'm still angry today at 10p. Market capitalisation of both companies down 95%. Elphick is the problem, sitting on his hands expecting/ hoping someone will give us a free ride to El Dorado. It isn't going to happen, The company is under capitalised.

If you had £3m to invest would you choose ZIOC over GLEN ?

You seem to think staff receiving shares in lieu of wages is at no cost to shareholders. At current bombed out share prices staff are stealing the company from shareholders.

I'm also angry at the "join the dots" crowd. Pump and Dump. None of the "research" ever mentioned ZIOC by name. I bit my tongue for the last three months, hoping, hoping it was different this time. No it was just sophisticated, delusional bs.

There is no mechanism for the share price to go from 10p to 100p, 200p, 400p, 600p overnight, over a month or over a year with Elphick sitting on his hands. Get the company auctioned off.

Even at 20p, 40p or 60p I'll still be angry at the the conduct of this board of directors.

If you have money to invest, buy GLEN and get paid to wait as ZIOC drowns in watered down stock. Elphick's forte is mining a rich seam of gullible investors via IPO's that promise diamonds and "green steel" at the end of the rainbow. He is a destroyer of shareholder wealth. Check out the graphs of ZIOC and GEMD, they look like ski slopes.

Another feasibility study which in these inflationary times will be out of date before the ink is dry.

johnpwh,
You missed my point. He couldn't be bothered looking it up, I was trying to help .

Hi nibj,
Yes on page 4, Jumelles have agreed a Project Work Programme of $1.4m and Zioc is to contribute $0.090m. Maybe Elphick is a dealmaker ! Better cancel that sell order !

Any thoughts on this ?
Jumelles, controlled by Glencore, accepts a loan from Glencore. What say did Zioc have in this ?

Hope so. Unless Elphick pulls a rabbit out the hat what could possibly make the share price rise.
$0.3m cash on hand.
Page 9, general expenses $1.2m. That's broken down to $0.7m general operating expenses and $0.5m LTIP.
Is $0.5m LTIP a cash cost or deferred cost and future dilution ?
Don't see how they are confident the have enough cash for another twelve months. Before the end of the year the have to begin planning to raise more cash.

10 am and only three trades reported on results day. I'm expecting a lot of delayed reported sales later in the day or on Monday. Completely false market in these shares.

Hi Vet,
Take what you can get and reinvest in Glencore. Get paid to wait. I was hoping to get out at 6p, now I've got them up for sale at 2p. I can't bear to look at them sitting in my portfolio down 70%.
Shard still have 3m shares to offload, that's after 2 years of trying. It's pretty obvious they do not know any "high net worth" investors willing to invest in this dog. On results day last year the sp was 6.4 p. Where will the next capital raise take us ? Now getting "crisis" loans from Glencore, they won't come cheap.
No update on the "early stage negotiations" either. This isn't a binary bet it is certain wipe out.

The yield was too high, it was embarrassing. Not the image a Go Go, high tech company wants to project. Modern Portfolio Theory suggests that the company with make better use of the money than shareholders pi!!ing it up against a wall.

It's slightly more than half of today's fall.

Baillie Gifford agree with you.
https://www.bailliegifford.com/en/uk/individual-investors/literature-library/funds/investment-trusts/european-growth-trust/interim-reports/baillie-gifford-european-growth-trust-interim-report-march-2022/