Member Info for Mitch984

If anyone hasn't already done so, just check into the previous incarnations of this company under different company names (Catenae and Milestone). What you are seeing has been done several times before, and it really should not be allowed.

It was a covid vaccination app during covid, then it was blockchain, and now its AI. In each case they announce totally spurious "interest" from third parties with the aim of getting the share on the AIM leader board. Potential small shareholders take a look, see the company is (supposedly) involved in the current hot topic of the day (AI as of now), decide to take gamble and buy in - which then pushes the share price up so that the company directors can cash in their warrants and make a huge profit - all at the expense of small shareholders. The share price then of course crashes.

They don't do anything illegal, but its just rinse and repeat. Nothing will come from Alludium, as some have already realised. They will get no clients, nobody will buy it - just like their covid vaccination app and their blockchain solution. But getting clients is never their intention. They make their money from you guys.

I know this will be considered a de-ramp by some, but lets get a little realism here. Everblue is not a new investor. As Extrader explained, they were one of the unnamed investors in the March placement. The TR1 yesterday was because they acquired a further 11 million shares taking them over the threshold to file a TR1.

So the positives from that are that Everblue are confident enough in their March investment to increase it by 11 million, plus it probably puts to bed the risk that we might be taken private. The negative is that someone else does not share that confidence and has sold 11 million shares.

The prospects are still good with the lock in and news that is well overdue, but the share rise yesterday was all small investors and day traders who will most likely take their profit in the next week or so, and then, without further news, the share price will sink back to the 7p-8p level.

I really really hope it doesn't happen, but I (and the other long suffering long term holders) have seen it happen dozens of times over the years.

We have the right investors, we have the right resource, but there is still no sign of a strategic investor to actually build the damn mine. Until we find that investor, any talk of larger share price rises is premature in my view. And the big impediment (again in my view) to a strategic coming along very soon is the RoC election next April. Any strategic committing to investing billions in the RoC via Zanaga will want to know who is running the country after April.

Just my personal view and many of course will disagree. As a very long term investor I really hope I am wrong and yesterday's rise is not yet another false dawn.

GLA

Hi Shaun,

"Mitch, clearly too many week PIs off chasing rainbows.. that's how they've built up their holding.. "

I take what you are saying, but there is no way Everblue have accumulated 26 million shares from PIs over the past few months without those buys showing up on LSE or indeed without moving the share price.

They must have been one of the undisclosed investors back in March when we had the placement and Glencore buyback. Then their 11 million additional buys on 11/11 crossed a threshold for the TR1 filing.

Extrader did an excellent analysis of where the placement shares went, and I seem to recall he identified a large tranche that was unaccounted for. My guess is that Everblue were one of (or the) unidentified investors at that time.

"I struggle to see how they have managed to accumulate 36 million shares without moving the share price. Who keeps selling? There just aren't that many shares in PI hands!"

They crossed the TR1 threshold on 11/11, which was the day we had the two big sells - 9million and 2million as I recall - so that accounts for 11million of the 36million.

No idea where they got the other 25million from though. They aren't new shares, so somebody must have sold 25million!

Personally I think its the RoC elections (next April?) that is the big hinderence to bringing in a strategic investor.

I can't therefore see any big annoucements until then unfortunately.

I think its worth remember that the last 4 fund raises have all been for much less than the current share price:-

3/25 1.7p

11/24 2.76p

7/24 1.1p

10/23 0.38p

There were many others before that too.

So the major investors in KP2 are still sitting on big profits even if KP2 is sold for 3p a share.

I have a feeling that 3p is going to turn out to be more or less what we are going to be offered unfortunately. I desperately hope I am wrong, but PIs on AIM have a long history of getting screwed. Judging by some of the big recent sells, it could even be less.

"Im saying that Kore Potash is currently looking for funding to finance their mining, I would get excited if they could secure this ASAP"

But they have secured financing, admittedly subject to a range of conditions:-

https://www.lse.co.uk/rns/KP2/non-binding-term-sheets-for-us22-billion-signed-yutftc3hnyfgkdj.html

Not sure if that is good for us if a major shareholder is dumping 90 million shares at 3.036p.

I hope it doesn't mean the board will recommend accepting an offer of below 3p for the company!

Should be several other 8.3 filings over the next few days as we have 7 other significant shareholders above 3% in addition to David Hathorn.:-

https://korepotash.com/investors/aim-rule-26/

Plus holder with more than 1% (not shown in the above link) are also supposed to file an 8.3.

I just wish the KP2 announcement also applied to Zioc!

Instead of this neverending search for a strategic partner/investor, just put the damn asset up for sale.

He posted on Monday. Three days ago. That is hardly "gone silent".

8.4 million delayed trades from yesterday just posted.

No idea if they were buys or sells.

Hi Driving,

Thanks for posting that.

I think Alastair made some typos in his last sentence, which probably should read:-

"ZIOC is aware of its regulatory requirements regarding announcements and will continue to make announcements when forced to do so."

Joking aside, at least he responded!

GLA

Is the lack of an Interim Results RNS today a sign of bigger news to be announced?

Previous Interim Results RNSs:-

30th Sep 2024 4:51 pm

29th Sep 2023 7:00 am

30th Sep 2022 1:00 pm

28th Sep 2021 7:00 am

Or maybe they just "forgot", like many of the TR1s etc. :)

""Why announce a "six month lock-in until 26th February 2026" today if the clock must have started on August 26th .." "

Could it not be that there is now (belated) AIM regulator pressure for Zioc to actually start complying with AIM regulations as tegards TR1s and RNSs?

If so, not before time. If this lock-in began on August 26th, according to regulations it shoud have been RNSd on August 26th.

Surely the seller is Elphick now that his RNS bar on selling for 6 months has now expired.

Its only bids to become a strategic partner though - not sadly bids to buy Zioc outright.

Thanks Extrader. The location just about fits with the KP2 development map here:-

https://korepotash.com/projects/overview-of-assets/

Excellent analysis Extrader that demonstrates the very murky current ownership of Zioc - a huge change from a year ago. 99 must have missed your 17 August post - thanks for laying it all out again for others that may have missed it.

Its not only individuals who are supposed to file a TR1 - it is any entity in control of more than 3%.

So there definitely are missing TR1s.