Member Info for Mitch984

Just like I keep saying, small investors and day traders move the Zioc share price. Not potential.. They make their 10-20%, sell, and move on.

As soon as the next news comes along and Zioc makes the top risers list again, they will be back - and the share price will move up once more. Then of course they will sell once again and it will fall back. I must have seen this at least 50 times in the 9 yeras I have owned this share.

I am more than hopeful that the Investor Event will include news that will result in a permanent re-rate of the share price. But until then, I really do not expect any significant rise. Maybe up to 12p or 13p at most.

After Feb 11th, fingers are crossed!

I also see 100p as being the maximum shareholders like ourselves will come out with.

Yes, the mine is worth a lot more. Or rather, would be worth a lot more in 10 years time when its in full production.

Any potential buyer for the mine in any case has to offer money to Glencore too for those damn distribution rights, which makes it far more complicated than if Zanaga was totally independent.

Because of my age, I would be more than happy with anywhere near 100p A more likely scenario though is as MM has expounded upon on the other board - a buy-in that results in a special dividend to all current shareholders while we retain our existing shares. Personally I'd prefer a buy out, but beggars can't be choosers!

"I would say a mixture of small and average sized trades. Which is why this is a crazy share it has moved in big chunks on 'small' trades"

Other than when Shard had shares to place, Zioc has always moved up and down based on small to average trades.

We will continue to rise until February 11th as long as we can stay on the LSE AIM leader board (as that brings in those small/average buys) - and especially if we release a couple of RNSs prior to Feb 11th. That keeps the interest going and should maintain the rise.

My long history with Zioc shows that any period of silence after a rise usually results in a lot of small buyers selling out and taking their 20% gain, and the share price settles back accordingly. I'm hoping that the news this time on Feb 11th will be so game changing that even small traders will not sell out.

By the way, just for newbies, don't forget that Glencore own the distribution rights for all of the ore, so any potential buyout means a buyer not only has to negotiate a price with Zioc, but also with Glencore to acquire the distribution rights.

At no time did I say that MK was NOT doing a good job.

The incentives are there for him to do that - the share options for MK and AT are life changing for both if they get the right result, just as they are for many of us long-suffering long-term shareholders.

All I said that until further news releases or the Investor Event, nobody actually knows for certain. We can all speculate, and certainly the stars seem more aligned now than they have been in the 9 years I have been a shareholder.

So, fingers crossed, I will be lauding MK (and AT) very very soon!

Cmon, Marcus, what would you expect Clifford to say in a RNS announcing Marty's share options?

I would much rather hear what evidence you have to back up this statement you made yesterday:-

"What an appointment Marty has been!! He’s done a remarkable job, so far. "

My point is that we don't know what kind of job he's been doing, as nothing related to his role in sending us a strategic partner/investor has yet been announced.

I am hoping to fully agree with you following the Investor Event next month, but in the meantime I'd be delighted to hear exactly what remarkable jobs Marty has achieved for us. He might well have achieved a lot (I certainly hope so), but if he has, its nothing that has been announced publicly as yet.

"It’s WAY too early to say that MK has been a good appointment…"

Yes, I thought Marcus's comment about MK being a good appointment was strange too.

We have nothing in the public domain that says Marty is responsible for anything positive as yet. I am sure he is working diligently behind the scenes, but all we have publicly is his disastrous interview last June.

It was telling for me that AT did the recent interview and is clearly back on board with Zioc as much as his time will allow.

We just have no evidence as yet as to whether Marty's appointment has been a good one. Hopefully that evidence will come at the Investor Event.

Yes, definitely different this time Extrader. I agree. That Event in 2019 was a total waste of time.

My post was more that the 5 week gap between announcing the Event and the date is nothing unusual at all. Some were saying it was to give time for further RNS news. It might of course, but I think any big news that is ready will be saved for the 11th.

Despite the speculation elsewhere, I don't hold any great significance to the 5 week gap between announcing the Investor Event and the actual date.

The last one we had was RNSd on 28/2/2019 and was held on 28/3/19 - a four week gap.

Don't forget too that,on this occasion the Chinese New Year falls on 29 January, and we know how involved Chinese companies are in the project. The Investor Event date of 11 February ties in nicely with that, and is most likely the reason why it is not any earlier.

Can anyone tell if those late reported "unknown" trades today (5 million shares in total) were buys or sells?

I see we are once again discussing the wording of and individual words in a Zioc RNS. Lets remember that they have always been poorly worded, containing words that could be interpreted in different ways.

We will find out more of course at the Investor Event on 11 February. I just hope its not a damp squib like the last one on 28 March 2019, in which just about nothing presented actually happened.

However this time I am confident things will be different.

"Maybe our RNS timing coincided with ‘office hours’ in other parts of the world, Saudi maybe. !! "

If that was so, then it can't be Saudi (+3 hours from UK) or China (+8). So offices would be closed in both. Sydney maybe (+11)?

Most likely the RNS just wasn't ready to be released at 7am, plus not considered market sensitive enough to get it ready for 7am.

I'll be very interested in hearing the format of the Investor Event though. If it is zoom only I personally would be slightly less excited than if it is an in-person event at a London address. The latter would indicate, to me anyway, far bigger news.

"The MM’s only have so much leeway to manipulate the price, but small free float and large demand means only one thing."

Aberdeenman. Yes its an an exciting time for Zioc and the share price can only go in one direction, but please stop your repeated claims that MMs can manipulate or have manipulated the Zioc share price.

That just does not happen on 90% of all AIM shares including Zioc. Why? Because there is no money in it it for the MMs. Just do the maths. On a 100,000 share deal, if the MM "manipulates" 7.8 instead of 7.9p, he makes an extra £100. £100 is of no interest to any MM - there are far higher profits to be made on main market shares where the daily turnover is a thousand times that of AIM and Zioc.

All trading in Zioc shares is automated within the London market. If there are more buyers than sellers, the SP goes up. More sellers than buyers then it goes down.

When the massive demand for this share materialises, the SP will rise quickly due to the relatively small free float, just as you say. But in accordance with supply and demand, not through MM manipulation.

The above totally excludes past Shard share sales of course! :)

I'm really not sure about any "serious" buying. Don't forget that for every buyer there is a seller, and that is why the share price is not rising by a great deal.

Next rise in my view will be on concrete news from the company in January. In the meantime we will trade between 7.5p and 8.5p.

For a bigger rise we need a large influx of buyers and a shortage of sellers. We don't have either - as yet.

Quite right 99. I always smile when I see a comment along the lines that MMs are holding the price down.

MMs have no interest in a share like KP2, let alone manipulating the price. There is no money in it for them at all on the level of turnover of shares.

The KP2 share price is affected only by the buys and sells of small shareholders like ourselves, and that is influenced by company news, media news, forum posts, KP2 appearing in the daily list of top risers (and fallers), and of course the occasional good old pump and dump.

Trading on the overseas exchanges also have an effect of course, but anyone who claims MMs are manipulating the KP2 price or holding it back just do not understand AIM.

"One of the advantages of Zanaga besides a much lower development cost is the sales and marketing capacity of Glencore."

Not if a potential developer/buyer of Zioc is another mining company though.

"10p by Friday? 20p by Christmas? 100p+ this time next year? It is happening! at long last!"

Although, as a very long term holder, I am excited by the rise today and for future prospects, but can someone explain to me HOW we can get to 100p without either a buyout or actually being in production.

I can see us getting to 15-20p purely by being in the top risers each day, as happened for a spell last year, but this is AIM - - populated mainly by small investors like ourselves - many of whom are not investing long term. So the share price goes to (say) 10p, and they sell. There aren't enough new buyers coming along to retain the demand, so the share price falls.

Very few institutions invest in AIM, especially in mines in Africa. So 95% of our buyers and investors are private shareholders, many of whom sell when they have made their 15 or 20%.

We are clearly not getting new substantial investors based on the incredible future NPV, as that has been obvious for a long while. We do get a bounce from some (but not all) news, or from unsubstantiated rumours (Saudi etc), or from a car crash of an interview by our CEO. But then things inevitably go quiet and the share price drops.

I may be niaive, and I definitely hope I am wrong, but how do you maintain a rise from 6p to 100p on AIM without either a full buyout or a buy-in that rewards existing shareholders?

"This thread isn't making much sense. Does anyone know why or how quite a few posts have been removed? "

Its against the rules for one person to have two profiles. I think most regular posters knew MM and Eddsy were the same person, but clearly LSE picked up on it and removed both profiles.

Personally the two profiles didn't matter to me one jot, and MM posted some more than decent research. He occasionally didn't like some people offering a different view to his, but I for one hope he is back at some stage - especially now things seem to be moving forward at last with Zioc.

Not sure what all the bickering is about, but today is another important step. Not THE most important step as we still need a strategic partner to provide the finance, but a vital step nonetheless.

However the most important forum post to me was VT's over on the other board yesterday. He actually spoke to AT and AT mentioned that he is currently 90% involved with Zioc and 10% with Vision Blu - and that hasn't been the case for two years. MM might have had similar convos that he couldn't divulge, but its AT's trenewed involvement that has convinced me that things are finally moving!

Thanks also to VT for managing to speak to AT, something that has not been easy for a very long time!

The main thing I would draw from AT's comments are not that him and Marty are working flat out (I wouldn't expect him to say anything different), but that he is back working 90% on Zioc.

To me that is the big news. For the past two years, it has been 10% Zioc and 90% Vision Blue.

I don't see anything happening before February though, especially as the Chinese always seem to wind down long before the Chinese New Year, although the Saudi Future Minerals Forum from 14 to 16 Jan might be relevant. Only a "might" though, as we have never had any concrete evidence of potential Saudi involvement in Zioc. But, who knows?

Fingers crossed and all that. Like Bear and some others, I am rapidly running out of years to actually spend my Zioc investment before it passes to offspring!

"Financing has been sorted for a while now (years) Debt and Royalty so no further dilution"

I don't think that is strictly correct. An anticipated method of financing (debt and royalty, as you say) has been mentioned, but the actual finance to build the mine has not yet been agreed.

Summitt are arranging that and KP2 expect them to report back on financing within the next three months. But finance has definitely not been arranged as yet. Until it is, the share price will not move much more than it has.