Member Info for Mitch984

"Oh just being on government task force to create a digital passport - you know that little thing"

Natham - That again is totally incorrect. Read the 22/2/21 RNS - they were invited to participate in the development of a Digital Identity Policy.

A Digital Identity Policy has nothing to do with a Digital Vaccine Passport. And dozens of organisations were invited to contribute, as is normal when the government embarks on something the UK has not seen before, and which will take several years to implement and pass into law.

How about linking to something that backs up your constant claims that CTEA is involved with the NHS app.

"The UK government pays CTEA a large consultancy contract"

Natham. That is either blatent ramping or total wishful thinking.

You have no evidence that CTEA has been involved at any stage or in any form with the NHS app.

"After 10 years a little more effort is required."

Mullitover. What Stok no doubt meant is that more effort is required to communicate with shareholders. Which Zioc, Elphick, AT etc have failed miserably to do this past 6 months after a decent track record in investor relations in past years.

I think the pertinant question is why AT has not been responding to emails etc this past three months or more.

He has never done that before, so he must have instructions from above not to respond. He cannot say anything that would be price sensitive of course, but maybe anything he says at this time would be price sensitive. So he has been told to say nothing.

If there truly has been no progress this year, AT would have seen out the most recent lockdown here in the UK. Instead he has apparently been in Dubai and New York. There must be a reason for that in my view. Just as there must be a reason for his total silence with shareholders.

I do agree with Sooty though - it is frustrating and very poor investor relations. But then I don't think we are considered in any way important by Glencore or Elphick.

"There's a smaller procedural/admin issue that remains unaddressed AFAIAA : the 2020 element of ZIOC 'team's Retention Fee package. Retention Fee Package
...This consists of an additional amount (the "Retention Fee") to be determined on a one-off basis in both October 2019 and December 2020. .."
The 2020 amounts haven't been disclosed. When I asked AT about this a while back, he replied that they were 'too busy with other things' - which seemed just about believable at the time.

This may be a hobby-horse of mine - and I may be kidding myself (confirmation bias anyone ?) - but THAT argument doesn't hold any longer, if it ever did."

I think it is a really important point. I was encouraged in 2020 by this incentive scheme as it meant, or so I thought, that AT etc would have some skin in the game instead of just drawing a salary. I am always biased against an AIM company where the staff are on a salary - where is the incentive for them to sell? They would just lose their job. (KP2 is an example of this).

It is strange this scheme has never been updated as regards shareholder info, and I applaud Extrader for bringing it up with AT.

The whole scheme though seems shrouded in mystery. For example I have no idea who, apart from AT, is a part of it. In fact I have no idea who, apart from AT, actually works (draws a salary) for ZIOC or Jumelles!

This is very unusual as regards AT. So unusual in fact, there just has to be a reason.

Whereas I cannot recall hearing anything from anyone else connected to ZIOC, apart from AT and Elphick's standard chairman RNS comments, AT has always been very responsive to direct shareholder contact.

The silence this year has indeed been so deafening there just has to be something going on behind the scenes. Whether that will benefit us shareholders or not remains to be seen.

As regards the share incentive scheme, I know Extrader has asked several times when those figures will be released and updated, but we are still in the dark.

I think it is more of a technical change in that the composition of the board had to be changed "n order to meet UK corporate governance independence expectations".

He will still be involved with GEM as a consultant.

It would be interesting to know what his actual role is at ZIOC though. Just as it would be interesting to know what anyone does at ZIOC apart from AT!

I guess Harry is allowed into the US because of the missus. AT is South African, but his wife may be American, so that could be an explanation.

From what I have read if AT is not a US Citizen, he can only enter the US if his wife has a US passport. There is no business purposes exemption at present as far as I know.

Sad really that I am speculating on where AT is, and how that might tie into Zioc. This is the longest delay to promised updates I can ever recall with Zioc, so that may explain my speculative state!

This is the first I think I have ever heard of AT possibly being in the US. Very interesting!

If he wanted to get back from Dubai into the UK, he would have to spend 14 days in a non red list country. Unless he was prepared to work locked in a Heathrow hotel room for two weeks that is! So could that be the reason?

Having said that, I thought the USA was still barring entry to non-US citizens?

Nathm.

How about quoting the most relevant paragraph in that article:-

"It is a sign of the government's sense of urgency that the next second round of test events are expected to use 'Covid certification' in paper form, if the NHS app is still in development."

Note the words "paper form" and "NHS app".

"So just to be clear then the product was originally a test and trace product but now it's a vaccine tracing product ? Or does it do both ?"

It probably has potential to do both, but CTEA have not said that its use as a vaccine passport is being trialled with anyone. All they have reported are trials of its testing verification app (not test AND trace) - of which CTEA has not at any time updated on the results of those trials.

Does anyone realistically think any government or large company is going to give a contract to a totally untested vaccine passport app - an app that CTEA cannot provide conclusive proof as to whether theirs actually works at the high number of users level a decent sized contract would need it to work at? Plus award it to a company with no income, no track record, no offices, no verifiable employees, and which is late filing their statutory accounts?

I'm as puzzled as you, biglad. I just do not understand the optimism here. As mentioned, no track record of selling anything to anyone ("no material revenues" as per a recent RNS). Several "free" trials of a Covid test results app (not a test/trace and not a vaccine app) that have never been updated as regards trial results and have not resulted in any contracts. Plus are late in filing their annual accounts, are are issuing warrants all over the place that dilutes private shareholders more and more.

As for the claims I have read that they are being consulted by the government, and even that they are part of some government committee on a vaccine app. All CTEA have ever said was that they responded to a government open participation process on the future use of Digital ID. Any of us could could have submitted an email or written contribution to the government as it was an open invitation for anyone to submit contributions. Plus it had nothing to do with any type of Covid app anyway. It was about Digital ID, which is years away from ever being seriously considered in the UK. Remember the UK opposition to ID cards?

Just do your own research rather than go by some of the exaggerated optimism on this board. There are several apps available that are already being live tested or actually in use in large numbers for both domestic vaccine apps and international travel vaccine apps. Plus remember that every country or airline that has got as far as asking for vaccine or testing proof is also accepting paper versions, as it would be discrimination to only accept a mobile app.

I'm not criticising anyone's decision to invest as most realise it is a pure gamble. You can still make money as it gets pumped and dumped regularly. Just don't hold and hold thinking it will multibag. That Badminton UK contract is most likely as good as it will get long term.

"Passports are here and CTEA has the solution and is the ONLY listed company out there to provide the level of quality standard a fully GDPR tested and trialled app can."

JAdam. You make many good points, but where is your evidence for your statement that CTEA is the "ONLY" vaccine passport app that is "fully GDPR tested and trialled app".

Every app that collects any personal information in the UK has to be GDPR compliant. It is not difficult technologically to be GDPR compliant, so there is zero advantage for CTEA over competitors by stating they are GDPR compliant - they all are!

Secondly, where is your evidence that the CTEA app is "fully tested and trialled". CTEA have not reported back the results of any trial that they have RNS'd about. And those trials were on their previous pre-vaccine app anyway.

Finally, you have mentioned several times that a huge advantage of the CTEA app is that it used blockchain. I have also stated a few times that in my view blockchain is not necessary for an app like this. That is backed up by the Denmark app, the EEC app, and all the International Travel apps (IATA etc). None use blockchain, and all are currently being tested in a live environment or already being used.

Is this official tweet from Kore Potash accruate:-

"A transformational week for Kore Potash. We have signed an MoU and completed the fundraise needed to bring the world class Kola potash project into construction, and then production. This is huge progress for the Company, all our stakeholders and shareholders."

Have they actually " completed the fundraise needed to bring the world class Kola potash project into construction, and then production." ?? I thought they still had to go out, via the MOU partnerships, and raise the actual finance.

Can anyone offer any clarification?

"I was just trying to answer another poster's query as to why KP2's share price didn't go through the roof yesterday."

---- and now we know why.

No kidding! KP2 is the leakiest company on AIM. This happens time and time again. A total opposite to ZIOC.

"The last three RNS should of been all rolled into one giving everyone clarity not just the select few who no doubt have made a fortune on the ups and down in the share price. Something stinks, ASX asked them Why (we don’t know) bull ,the man is playing with peoples hard earned"

Absolutely agree. This is one of the leakiest companies on AIM and people in the know have made money like this for years. Despite my praise of Brad after the MOU, I have zero respect on how he runs KP2.

Hi Jiving,

Definitely agree that its a huge positive step for KP2. I was just trying to answer another poster's query as to why KP2's share price didn't go through the roof yesterday.

Typically KP2 is down 16% today, most likely day traders cashing in gains from yesterday. I don't see a huge rise in the share price until more news comes through.

And, yes - I wouldn't mind a similar financial MOU for Zioc. In fact I wouldn't mind anything positive!

Hi Extrader,

I was thinking more of Sangha as being the second project that has had recent "positive news", although we know the logistical issues with Sangha are probably even greater than Simandou, despite the paper talk of exports beginning in 2023.

There was also the gold mine near Zanaga, that was issued a licence.

Overall, other projects that will enhance the country's economy seem to be moving along so I'm sure Nguesso will be looking for some progress from Zioc.

"In terms of share price appreciation after the KP2 deal announcement, it seems a little underwhelming at some 30% - for the deal they have been waiting for X years!"

Its only a MOU at present - an arrangement with potential partners to look for finance after a costing exercise that will take the next 9 months, so nothing will be confirmed until 2022. That may explain the slightly underwhelming market reaction.

Its a step in the right direction though, and KP2 have given more information about their potential path to funding and investment in one RNS than all the the last three years of Zioc's. All we have had from Zioc are vague mentions of possible strategic investors.

That has to change soon. - the government will insist on it That is now two projects in the country that have leapt ahead of Zioc this year as regards defining their pathway.

I think its worth stressing that KP2 is still a long term play.

We have 9 months before the optimisation study is completed for Summit, and then Summit have to tie BRP Global down on the financing proposal, so nothing concrete will happen until 2022.

Hi Extrader,

I think their intention is still to report on the costings of the DX smaller project. They are a long way down the line with that anyway, with the costings following drilling etc scheduled to be finished next month.

I think therefore that KP2's only additional financial commitment is their $900,000 share of the optimisation study that Summit are insisting on before they go further? As they had $5,555,000 cash as at 31/12/20, then as you say, the going concern qualification is not really a factor.

Even if it is, a small additional share issue, which will be gobbled up my the main investors, would take care of it.

As you say, there does seem to be a shift away from the quick EPP of DX to the full Kola project, but DX still makes sense to me to get production underway while the Kola project is developed.

I'm no expert though as I haven't read fully all the various project technical descriptions.

Good to see, with KP2 and ZIOC, some positive movement for the country as a whole.