Member Info for Mitch984

I also thought the small trades might be because ZIOC had suddenly appeared on the no cost phone trading apps, like Freetrade. I discounted it initially because I didn't think they covered AIM - but I now see Freetrade does.

I therefore have a feeling the small trades this past week are new amateur day traders using their apps to buy in and out.

I would agree with Stok on this . especially in regards to Haworth. Even two years ago, nobody on the inside of Zioc would have sold out unless they had cash needs that meant they had to. And when Haworth sold, as have been proved subsequently, there was little chance of anything developing on Zion imminently, as I am sure he knew.

I would be more concerned if one of the current 5%+ holders started to reduce their holding now.

And I agree. Today's trading was just ridiculous. I certainly cannot come up with any explanation for it at all! Weird.

Hi darkcorner. Yes, I go back to the Milestone days too. Anyone who has been around this company for 5 or 6 years, like us, has a right to be suspicious. Good luck though to all!

darkcorner - you are right to have trust issues. 99% of the people on this board will ignore them though, or denounce you as a deramper - as they do with everyone who has any doubts.

It takes one look at the filings records and previous company names of Synovate Global on the Companies House website to realise the smoke and mirrors this whole CTEA/BHA/Synovate structure is based on.

Before anyone gets carried away, look at the previous company names of Synovate Global:-

https://find-and-update.company-information.service.gov.uk/company/06692081

All are old names associated with Guy, CTEA, and the awful Milestone. Especially note Black Cactus who were heavily involved with the last big pumping of CTEA in 2017 when they rebranded themselves as a blockchain innovator.

While it is positive that CTEA have semi-formalised their involvement with BHA, this is still the same people - people with absolutely no track record of selling anything to anyone.

As I have said several times before, this a a short term profit making share because it is extremely vulnerable to pump/dump.

Buy , make your 10-20%, sell, and buy back in when it sinks again.

This all comes back to what I have mentioned several times. What benefit is blockchain to CovID?

The CovID app is not track and trace - all it does is securely hold your covid test result. Normal encryption is perfectly adequate for that - just as used by other apps already in use, like Halo.

CTEA may have a very advanced app, but equally CTEA have no past track record in selling anything. Stating in interviews that there has been great interest means nothing if you have no selling skills and there are competing apps out there backed by established companies.

Any company or government department would look at ALL the apps available, not just one. And there is absolutely nothing in the CTEA company background/history of CTEA to choose CTEA over others - unless the app does things that the others do not. And CovID does not.

"the track & trace element is clearly going to be integral to BHA otherwise they wouldn’t have offered 50/50"

But the CTEA app is not track and trace. It just securely stores via blockchain the results of a covid test.

There are already several apps out there that do exactly the same, but without blockchain. The Halo app for exemple.

As I have mentioned before, I do not see why blockchain is essential for an app like this. Normal encryption, like the Halo app, is sufficient. It is after all only recording the results of a covid test - not your life history.

Other than poor marketing skills, that may be a reason why CTEA have not coming through with sales. There are other apps out there already being used by testing companies - the buyers of which have clearly already realised blockchain is not essential.

This can be taken with a pinch of salt as I have neen negative about CTEA for several years - since a relative lost a large amount of money on their shares in their Milestone (pre blockchain hype) days. No doubt I will be called a deramper too.

The only difference between the CTEA app and the many others on the market is blackchain. However I fail to understand why blockchain is a must for an app like this. Regular encrypted technology for the results is perfectly sufficient - the app is only going to hold basic information after all, not your entire medical history.

Halo have had a similar (non blockchain) app that has been working for months - you take a test using their kit and the results appear in the Halo App the next day:-

https://www.haloverify.com/index.html

CTEA are so far behind with their app, I don't understand why posters think it will be the next big thing? Halo is not the only company out there with working apps either. CTEA have nobody using their app in a live environment as yet.

I said in this forum two months ago that CTEA was a trading share - profit from the pumps and dumps, but forget holding for long term gain. There is zero evidence that CTEA will ever produce meaningful income from anything - they never have. Just check their annual accounts going back years.

"CTEA Joint venture with BHA Medical, the exclusive UK distributer of the Healgen 20 min tests. "

Weathgeek - this is totally wrong and misleading. BHA are NOT the exclusive UK distributer of the Healgen 20 min tests, and do not claim to be.

Their website only claims a UK exclusivity on the Antai Triple Antibody Test, which is not being used by any large UK organisation at present.

There is currently no evidence whatsover that the UK goverment is using any tests provided by BHA - so forum readers need to realise all these hopeful posts are based totally on speculation. Even if BHA do sell test kits, there is no obligation for the buyer to also buy the CTEA COV-ID management software.

Personally I don't think this is the same-old-same-old guff that we have had previously. For the first time ever, as far as I can recall, AT confirmed in the last update and with enhanced information in the video that they ARE talking to various third party investors (China and Western).

We have never had direct confirmation of large investor interest before, other than the very general co-operation agreement with Coidec.

That to me is a huge positive, and an indication that things are finally moving. Let's hope the re-pricing exercise is completed sooner rather than later, as its clearly vital to all third parties.

My only concern is no mention once again of even considering a possible project sale, although obviously if anyone came in with an offer it would have to be looked at. Maybe once the repricing exercise is done, the project would be more saleable anyway?

I think Extrader has got it exactly correct - Glencore want to trade the ore, but still do not want to finance (or even be involved) in a greenfield development.

However if the Chinese do want the mine (or even FORT in Oz), they will not want Glencore to have the distribution rights.

No doubt Glencore will know what the distribution rights would be worth to them over the life of the mine, and want to be compensated for that accordingly in any sale. Which in term will substantially increase the sale price to more than the current interested parties apparently want to pay.

So Glencore would prefer the mine to be developed (without their direct involvement) so they can trade the ore. Interested buyers (if there actually are any) would like to acquire the mine and trade the ore.

In my view, we need Glencore's attitude to change - either go greenfield and develope, or be desperate enough to sell the mine at a lower price than they clearly think its worth.

My opinion only of course.

Is there any significance that the 30/10 AGM is the first to be held outside of the UK (that is, South Africa)?

But CTEA's app is not "track, trace" - and has never claimed to be.

The new NHS app does virtually everything the CTEA app does, except hold test results. Which no doubt will be added eventually, if it is needed. So where is the market for CTEA's app?

I'm with jv on Glencore's support. Nine months ago I heard from a source that Glencore were more of an impediment than an asset and Zioc would make more progress without them. That has definitely changed.

Overall I'm with G_G_G on this. It will pay off one day. There are too many people directly involved in the company (including AT) looking at a massive pay off if/when it does. Plus a huge amount of Africa and mining experience amongst them too.

My main puzzle is why we have not declared an intention to sell and gone to sealed bids, as Simandou did.

I'm really not sure what anyone could have expected in this decimated Covid year. Everything must be moving much slower than in a normal year. However I do agree that everything related to ZIOC is snail-paced anyway!

While the RNS is the expected can kicking, as a few others have said, this is the completely new statement that we have not seen before:-

" Approaches received from a number of strategic investors interested in investing in the Zanaga Project"

Note "approaches received...". Not "we have approached...".

That is the first confirmation I have seen of any approach TO Zioc from any potential investors.

If anyone dials in to the AGM, I would very much like the board to be asked directly if they have any intention of selling the project and - if so - have they, or are they, considering the sealed bid approach.

Does anyone read any significance into the late AGM this year?

Looking at past years, it has never been held this late - it has mainly been held in Agust or early September.

We have the half year report due by 30 September, but the late AGM notification is strange.

"Unimaginative. Have a look at the history of the company. Try latest shiny thing. Fail. Change company name. Raise money. Repeat. They have been doing it for years."

As much as most of you will not want to hear it, Crizmo has this exactly right. I have followed and posted on this share for over 4 years after a relative lost a lot of his personal savings when they were Milestone.

Yes, CTEA have a workable app - but so do dozens of other companies. CTEA have zero history of selling anything - just look at their annual sales. They jumped on the blockchainapp bandwagon a couple of years ago, and couldn't sell it.

The people involved with this company make their money from optimistic press releases, pumping up the share price and selling their own shares. Plus drawing salaries of course from the regular placings.

By all means trade this share, like the pump and dump brigade, but do not think holding it long term will make you rich.

Interesting Longlad re KP2, as I also keep an eye on that company too with their ambitions in the ROC so closely aligned with Zioc's - world class resource, high development cost, transport issues, EPS possibility etc.

The difference from Zioc in my view is that KP2 have a decent range of institutional investors (middle east sovereign fund, large mining company etc) who must believe in the mine's future whereas, other than Glencore's inherited shareholding, we have none.

That has always puzzled me about Zioc.

Having said that, at least we are not being constantly and heavily diluted, like the KP2 shareholders!

I disagree that the Higgs' have lost money. On the contrary, I think they have made substantial profits.

I think they were the warrant holders and had to file TR1s when they exercised their warrants at prices of less than 1p per share. They have now sold out at 3p+.