Member Info for Moneyman64

A quick double will do little to comfort people who have been invested here for years and probably at more than 8p.

Everyone knows that the RAM raid is a deal engineered to acquire a large percentage of the retail shareholders stake in the project for peanuts -and people wonder how the likes of Sir Mick acquire vast fortunes.-seems at the cost of others who are invested but do not have “corporate clout”

It says a lot when no one from the Nomad to the company officials continue to ignore any e-mails concerning the deal and did not arrange a face to face presentation in the UK-online presentations are a complete farce because the management both selects the questions they wish to answer and how they are phrases

If the RAM raiders acquires 50% of the project they would still get their money back many times over but oh no they have got to go for 87.5%

Sorry should read “not involved here”

Unfortunately I am quite confident that the authorities such as the FCA will get involved here.

They appear more concerned with compensating people for being lazy-ie not shopping around for the best car finance deal than a relatively number of shareholders being taken to the cleaners by a corporate RAM raid.

The RAM raid would no doubt have been mulled over by some top lawyers who will probably have all angles covers.

To big question is why Bird had to dilute to get involved in Molefe if the other GLR assets are so good -why not a simple loan secured on one of these “fantastic assets” that are going to make so much money ?

And Bird has already primed the dilution canon to issue more cheap shares -what is happening with all these assets and why is Bird apparantly incapable of monetizing any of them.

People who put their confidence in Bird at 7.38p must be fuming

Any CEO that sees 90% of the value of the shareprice wiped out under his watch can not be said to be doing a good job

JL -whether or not longterm shareholders have sold out or averaged down does not mitigate that the performance of the GLR shareprice has been dismal under Bird’s watch -if Bird did a half decent job there would be no need to average down

Thanks Kwadoku -hammers home the reality of not having a fulltime CEO-destruction of shareholder value.

If Bird ever gets the shareprice back upto 7.38p and that’s a big if would still have in fact made a loss for longterm shareholders on his watch due to inflation.

Sir Mick does a lot of good work for charitable causes.

Unfortunately the exact opposite appears to apply when it comes to ZIOC shareholders -extract the absolute maximum from the Zanaga shareholders at the lowest possible cost.

Hope there is something going on behind the scenes that will result in a much more equitable deal for the ZIOC shareholders .

Have sent many e-mails to a whole range of organisations and have not received a reply from anyone-

JL -the copper price trends are very encouraging that’s why it is so disappointing that Bird seems to be doing very little to move projects like Luansobe forward and deems it not important enough to give shareholders any updates.

Still believe with a fulltime CEO things would be moving along much better here and the shareprice would be significantly higher

JL -no one is against future partnerships that increase the profile and size of the company.

What is annoying many shareholders is more dilution of their shareholdings when they were told that there would be no more dilution and the company would be in a strong financial position following the sale of the SA operation.

What is also annoying longterm investors shares will be issued to the new investor at a lot lower price than many longterm investors have purchased at and all they have experienced is continued rounds of dilution,a falling shareprice and no returns whatsoever on their investment.

Add this to the continued missed production targets it is totally understandable that many are saying “we have enough of our shareholding being continuely diluted with to date little evidence of improvement due to the returns of the dilution.”

Dilution would be more acceptable if the shareprice was rising significantly and there was hard evidence that Roan and Sable were ramping up towards original nameplate production.

There are other ways of getting new investors in without dilution -how about the new investor buying some shares on the open market or a profit share in the specific projects they wish to get involved in.

Olddrongo -thank you -exactly the intention was for my last comment to be read as a school report

End of term report for C.Bird.

“Colin has made very little progress of many of the projects in the company’s portfolio.It seems that Colin is easily distracted by other matters not concerning the company and in order to achieve any significant progress here he must put in more time and effort.Unfortunately he will always take the easy way out by using placings to raise money instead of actually putting in the time and effort to monetize one of the company’s assets.Colin is very uncommunicative and is very reluctant to provide any information.All in all another very disappointing year from Colin with overall performance well below par.Grade D minus”

What are ZIOC upto.?

If the resource is so “strategically important” why or why are the management apparently so determined to give away 87.5% of the project for peanuts compared to the NPV.

No point of tweeting if the RAM raid is a done deal -or is there some one on work experience with nothing to do?

Dust filter -I just raised the point if the shareprice was 40p and not 4p.

All very if,buts and maybes but I think the shareprice could have been a lot higher than 4p if things had been played out differently over the last 12 months or so

Just to clarify further -the NPV is the value of all future cash flows over the life of an investment discounted to the present

NPV include adjustments

1-to adjust for the risk of an investment opportunity.

2-to account for the time value of money (ie inflation)

I am very inclined to vote against because I consider it a very bad deal for shareholders

Sorry should read “future years” and not “future questions”

Thanks Millerstone.

Forgive me but long ago when I passed my ICAEW exams when a net present value was calculated an adjustment was made to take account of the effect of inflation on future questions.

The clue is actually there -Net “PRESENT” Value -therefore no discounting is required

How can the net present value of the Zanaga project by fiction?

Millerstone-are you saying the net present value figures published for the Zanaga project “a work of fiction”

Interesting take.

“Dirty Tricks” -sums up the actions of certain parties over recent times.

If this had been played differently perhaps the shareprice would be 40p and not 4p!

300 million shares placed at 40p -enough to go it alone without losing 87.5% of the project.

Lots of if,buts and maybes but certainly would have been a lot better scenario for longterm shareholders.

How many shares were issued at 4p last week?

Millerton - what I did or did not paid for the share is of little relevance here.-the net present value has vastly increased the shareprice has decreased

What is relevant is the total disconnect between the net present value of the project and the price being paid by RAM for 87.5% of the Zanaga iron ore project and the connections between RAM and key shareholders / management of ZIOC