Member Info for Mitch984

Mention of the Chinese again after all this time is a huge surprise, but overall a decent update.

Just to clarify MM. Tomorrow its the Annual "Results" not an Annual "Report".

In others words it will be a historic RNS with no obligation at all to comment on events outside of the results year. Of course we all hope there is some mention of the port development as regards post-results comment, but there is no obligation for that to be included.

As MM says, it would possibly be more significant if the Annual Results are not released tomorrow, as there would then have to be a reason behind the delay. However I have a feeling they will be released tomorrow, and there will nothing in the way of significant news in them.

The big news will come through a separate RNS at some time in the future. There are too many other companies possibly involved for first news of it to be released in a routine Annual Results RNS.

"Not to pour cold water on our collective hopes for a conclusion to this decade long binary bet, but It's exceedingly unlikely that you'll see substantial fireworks in the yearly results AIM RNS... At best there might be some hints of progress, but nothing earth-shattering. -if there were earth-shattering news they would have had to release it separately."

Kongolasse is spot on with this.

I think its going to be more waiting, Shrewd. I can't see them announcing anything major as part of a routine Annual Results RNS.

It will happen eventually, if only to save Bear from his ex wife! LOL.

"From the KRPZ board..

.."The annual audit is still ongoing and is well progressed, however, the Company will not be in a position to publish its annual report and accounts ("Annual Accounts") for the year ended 31 December 2022 ("FY22") by 30 June 2023, the deadline specified by AIM Rule 19. Consequently, the Company's shares will be suspended from trading on AIM with effect from 3 July 2023, pending publication of the FY22 Annual Accounts..."

I would be very concerned Extrader if we received something like that from Zioc. The above has nothing to do with anything that is impending - its a problem with the audit of historic accounts causing a delay.

The audit of historic accounts is usually straightforward unless something in the accounts merits further investigation. The audit would not be delayed because of something happening with KRPZ (investment, sale etc) that has yet to be announced and which relates to the current year's accounts.

"Nothing wrong with being very old! And it looks like Mr Market shares your analysis of ZIOC which is extremely depressing!

All LTHs want to see a takeover at multiples of the current SP and 25p is not on! I think true value is multiples of that but I accept LTHs will never see true value. Too many shenanigans in a geographical risk area. Anyway, I've cut my coat to suit my cloth and I'd now be delighted with 175p instead of 225p as I've found a nicer house that's £200k cheaper but ZIOC needs to get a move on!"

Hi Beardozer. Definitely agree 25p would be riduculous. That is me being selfish though. 25p for me to enjoy in my twilight years, or fair value for my offspring to waste later. (Thankfully my offspring are not forum members so won't read this!)

Lets hope there is at least one sentence in Monday's Annual Result RNS that keeps the hope and dreams going! And gets you that house!

Hi Extrader,

I haven't entered the sweep purely because I think the mine will be developed with a new partner rather than be sold outright.

Having said that, my personal preference is for a sale at any price above 25p. It would be grossly undervalued at that price I realise - but I'm very old.... :)

I expected this type of share price decline next week after the Annual Results, but find it very strange leading up to the RNS.

You would have thought profit takers would have waited and sold when they saw RNS didn't have any more info than we have had in past RNS's - as seems likely in my view due to non-disclosure etc.

Same here Caravanman. Thanks for letting us all know, and fingers crossed that you are very soon ahead of what you paid!

"They were buys from yesterday,someone on here owned upto the 200k! We have had a background buyer for some weeks now and i am surprised we have not had an holding RNS"

I think the background buyer who showed up occasionally was only in 50,000 share buys. Totally different to yesterday's buys, and far far short of TR1 territory as extrader says.

The five buys from yesterday were all very large buys (totalling over one million shares) - which are the largest concentrated trades I think I have seen since the price was driven yo to 25p+ by the two private investors a few years ago.

That is very promising - especially so close to the Annual Results RNS in a few days.

Lets hope that RNS is not a damp squib and doesn't result in heavy selling. Just a few encouraging words about the port development would be fine with me!

Anyone know if those delayed trades are buys or sells?

"Looks like AT was at the London Indaba event today discussing Africa mining resources and funding. He was on a discussion panel. Google London Indaba and the agenda is on there."

AT was there representing Vision Blue though, rather than Zanaga - which I find slightly concerning if there is so much going on with Zanaga behind the scenes.

I am not expecting anything meaningful in the Annual Results RSN later this week. There might be (and probably should be) a reference to the port development and how that has the potential to be beneficial for Zioc. But that will be about it in my view as anything else would be subject to a non-disclosure if something really is going on behind the scenes..

There have been a lot of buys this week based on the impending RNS, so I would expect some retracement in the share price next week as recent buyers take their profits. Then it will be a nervous waiting game - again - for us long term holders.

Albi's comments on Zioc from last year are eerily similar to the garbage he spouts on KP2.

If anything progresses on Zioc, as seems very likely with the port news, that will open the floodgates for investment generally in the country. And KP2 may well be next.

"Not sure this will stop at 25p this time, I think we could be heading higher, lots of trades, and we have large investors buying in, identity unknown. "

I may be wrong Aberdeen, but I don't see any sign as yet of the big buys that we had when we got to 25p. Back then a couple of private buyers were buying between 200k and 700k shares at a time.

Smaller buy can still keep driving the share price forward though, but we need some kind of news at the end of week - even if not specific - to get us to the next level. Fingers crossed!

If it turns out Vale will be involved, and from Extrader and MM's excellent research that has to be a definite possibility, I can see it being a full buyout of Zioc.

I just can't see Vale wanting to work with Glencore on the ore distribution, even if Vale can come to an agreement with Glencore on the royalty payment.

Personally I would prefer a full buyout, but I know many would rather have the longer term benefits of Zioc being a partner in the mine's development.

"my question is the port is signed and we have stalled at 12p last time rumours had us at mid 20’s any ideas from people way more knowledgeable than me?"

Last time we had the port rumours and reached 25p or so, we had two substantial private investors buying shares. That was really what drove the price over 20p. This time it is all much smaller investors, even though the port news is now news and not rumours.

It will take a decent update from Zioc at the end of the month to get us back over 20p again. If we do get that decent update, it could fly much higher due to the small free float.

"apart from that my Zioc has completed the run for now and out... good luck sucker fools!."

Albi, do us all a favour and sell your 5 shares in KP2 now you have sold your 5 in Zioc.

"You'd expect bigger volumes, from people either in the know or making educated guesses, surely? "

The only big buys Zioc has ever had were from those two private investors back when we got to 25p several years ago. There has never been any other big buyers that I know of. Certainly not enough volume to file a TR1.

This current (welcome) rise is small-investor driven based (just as it was when we got to 25p) on port news and joining the dots.

This small-investor rise may well continue up to maybe 15-17p, but rises above that level I think will need some definite news from Zioc.

Hopefully there will be some positive news with the Annual Results RNS on 1st July.

We still need more news to maintain the rise.

The increase to 25p 3-4 years ago was because of huge buying by two private investors. We have no sign of that at the moment, so the rise from here on in with be news driven - either from the middle east or (hopefully) direct from ZIOC.