Member Info for Mitch984

We will know who they are on Monday, as anyone buying more than 1% of the shares during this takeover period, or any existing 1%+ shareholder buying or selling even one share has to file a TR within 24 hours.

On Monday we will see if there are any new shareholders - or if the large institutions like Hoskin Partners, T Rowe Price and Standard Life have sold any of their holding.

Once we know that, we will be able to make a pretty good guess on whether the bid will be voted through or voted down by the shareholders.

Sooty,

I seem to recall a person on here claiming to be KE posting just after his TR1 that he was investing with exactly the same knowledge as the rest of us - and the responses were "pull the other one". Plus "he must know something".

Unless an institution takes a large position, nobody should ever invest just because a PI has bought shares. It certainly didn't affect my decision to buy Zioc. I hope it didn't affect yours.

The big question to me is whether a pre-pack administration is the only alternative to the 1p deal going through. And the larger question on that is - if FlyBe went into administration, would FlyBe lose their Heathrow slots?

If they would, then Virgin/Stobart would not be getting what they wanted if they bought FlyBe via a pre-pack.

If Mayfield is around, perhaps he could comment?

Most of the other directors of Binding Solutions are associated with this company:-

https://www.mpiuk.com/

This fits in with Materials Processing Institute possibly being the innovators behind cold pelletisation.

It definitely joins a few dots, as an ex-poster here used to say.

"The market makers are short on the day over 1,000,000 shares. I get the feeling momentum will build from here once word gets out."

The really big question tomorrow and Monday will be how the MM's fill the million share gap, If the share price does not tick up accordingly, then who is it selling that amount of shares at these deflated prices, and why don't they see any potential?

"might explain some large sells lately"

What large sales?

Any large holder who sells even one share during this "for sale" period has to file a RNS, so as TimmyTradeface quite correctly says, your post is invalid.

Stationhouse.

I agree 100% re Easyjet. I did say I was just about certain they have no interest - but that a few FlyBe staff for some reason thought Easyjet would be better to work for. No idea how they came to that conclusion.

Your comments regarding Virgin and Stobart are very interesting - have your contacts ruled out IAG completely?

My rumours are from my taxi driver who also ferries around FlyBe crew every day. They all want Easyjet, but they all say they have heard nothing concrete about who is in the running. Personally I can't see any way Easyjet would be interested, but those FlyBe employees seem to think they would be the best airline to work for.

So, it appears to me that its all being played very quietly and confidentially within the company. I'm sure we will know more by mid January as it will not be good for forward bookings for any negative speculation about the future of the airline to go on much longer than that.

I'd be more comfortable if an institution filed a TR1 rather than an individual. In my mind that would solidify the whole "gamble" aspect of this share in the medium term.

Until we hear of institutional involvement or Glencore actually taking a big interest in developing the asset, Zioc will remain a speculative investment for anyone looking for a return in the next 3-5 years. For anyone with the patience and investment strategy to look at a longer period than 5 years, it has to be much closer to "nailed on" - as the asset will be developed one day.

Personally I am hoping that Peter Freyberg, the former Xstrata executive, moving to be Head Of Mining at Glencore in March will prove to be a catalyst for greater Glencore interest in 2019. Peter knows the Zanaga project inside out, and he might want to make his mark at Glencore by renewing his involvement in the project. That timing would fit in well with the conclusion of the EPP costings/quotes exercise.

What we need in 2019 is news, and lots of it - of an EPP, of power and rail line development in that part of the country, of progress on the new port, of the IMF loan to the country, of China interest in iron ore mining in Africa, and of reduction in corruption within the country's government. Positive news in any of those area should also have a positive effect on the share price.

Lack of news, and a repeat of Zioc's 2018 attitude of only updating the market when it has no alternative but to do so, will mean the share price will drift for yet another year.

With the longer term potential, the small free float, and the lack of dilution, we really should be at least around the 50p mark right now, even before the first brick of a plant for an EPP is laid. But only news and updates will get us back to that level.

Let's all hope that 2019 for Zioc holders is interesting - because 2018 certainly wasn't!

While I agree it is not the RNS we were all looking for, I disagree that there is nothing new in there.

This is the first mention of an on-site pellet plant for example. I have never seen that mentioned in any update before.

Not entirely sure it's can kicking. There is plenty in there to confirm they are well down the road with the EPP. It's the first mention of an on-site pellet plant for example.

It is frustrating that we have to wait a little longer for firm costs and a timescale, but that is what happens when a company commits to an update by a certain date.

After such a long wait, as least we will know for certain in the next few months about the EPP. As mentioned many times, long term holders know that patience is required. But that is true with any AIM mining company.

Yes, it now looks like a holding RNS on 28/12 or 31/12 - just like last December - telling us that there will be a further update in Q1 2019.

If that happens, expect another drop in the share price.

Sooty is correct - investor communication should be much better than this, even on AIM.

gta5.

This scenario (s) totally ignore the EPP. That is what we are waiting for news on, and that is what could be partly financed by an offtake agreement, or indeed, Glencore.

The full Stage 1 is, just as you say, totally dependent on developments within the country on IMF and debt - and it out of Zioc's control.

EPP news will give the share price a boost. Unless news then follows next year on the port, the share price will then drift downwards until the EPP actually starts producing.

"What would you guys estimate the share price to be on a bid from Virgin?"

That will depend on the bid of course.

The increase today seems to have flatlined - and its only brought the share price back to what it was at close last Friday.

For a bigger boost, we will need some sort of confirmation RNS about other bidders from Flybe.

Hi Extrader,

Its happenning on a few other AIM shares that I monitor too, so it looks as though its something internal at LSE.

The only RNS' you can be sure of are #2 and #3 as regards average price paid. For the first RNS he could have been buying shares for a long period of time, perhaps even back to the 25p post licence days, as he didn't have to file a RNS until he exceeded 3%.

His average therefore could be much higher than the 14p quoted. It's still a significant wad of money though!

The Spanish article is also from 7th December - 8 days ago - and therefore states nothing new and nothing that we didn't all know 8 days ago.

"Yeah lol. In our dreams. Lots of big buys and sells yesterday."

Just a point on this. Any big buys or sells yesterday were purely from small private investors. During an official takeover period, any party, private or institutional, who currently holds more than 1% of the company's shares must file a Form 8.5 RNS if they buy or sell even one share. The 8.5 must be filed within 24 hours.

So its quite easy to track any buy or sell involvement from any current shareholder who has more than 1%.

That interview is from July 2017, so the DFS is already late according to the timescale mentioned at the start of the interview.

We know the DFS now complete, so the results could drop anytime - although with how close we are to the holiday season, January at the earliest would seem to be practical..

If the update is going to be significant, it will have to be announced next week - the last full trading week before Xmas.

If we hear nothing next week, it will be - as Sooty is rightly wary of - another holding RNS on Friday 28th or Monday 31st December. No sensible company would release important/blockbuster news on either of those dates.

Let's hope its the former. The lack of news has really gone on too long.