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If we have any US players involved in trading ZIOC they would need to cover / exit shorts if held and if they want this stock buy it now as we may well have news on 20th, which would mean big problems as US markets are closed for Martin Luther King Jr. Day.

aimo & dyor

WRONG !

"..suspension on news..."

For those interested in how this works

Suspension at issuer's request :

An issuer that intends to request the FCA to suspend the listing of its securities will need to comply with LR 5.3. The FCA will not suspend the listing if it is not satisfied that the circumstances justify the suspension.

https://www.handbook.fca.org.uk/handbook/LR/5.pdf

aimo & dyor

Note the timing of the last RNS was intra-day, I expect the next one to be probably intra-day too.

The release of news will be under the control of 3rd parties when they wish to release theirs, ZIOC will just match them in a co-ordinated approach imo. Much better intra-day afaic as there will be no gap generated.

caveat, subject to time zones involved.

aimo & dyor

I once again come back to the intra-day RNS at the beginning of the month, why intra-day, imo they had no choice and the key word in the RNS for me was 'intends', ZIOC "intends to provide an update to shareholders on the Company's strategic partner process" So for us to intend implies ZIOC have no control over an announcement of 3rd parties progress but for us to state 'intends' ZIOC must have a fairly high confidence level for something substantial forthcoming. Are we just waiting on a green light to co-ordinate release of news from all parties involved, it appears to be so. Time will tell, time being only a matter of weeks if not days away.

aimo & dyor

Also ....

Front page on the Times - 'Labour's net-zero push hand power to Beijing'

Ex MI6 chief warns against drive to bring Chinese energy infrastructure.

Front page Daily Mail (Scottish edition) - 'The £380 m Green Energy Con Trick'

That's the amount added to our bills for windfarms NOT producing electricity

Bloomberg headlines :

"Europe Threatens to Trigger a Global Scramble for Natural Gas as Loss of Russian pipeline supplies will stoke demand for LNG and could squeeze out poorer emerging nations..."

plus

"Colombia’s Bold Push to Go Green Has an Unintended Trade Off: The Andean nation must bring in cargoes with a bigger carbon footprint as its own reserves dwindle and its president refuses to allow new drilling contracts..."

Sound familiar !

Now we have :

"Rachel Reeves’ Position as Chancellor Is Safe, UK Cabinet Minister Says Cabinet Office Minister Pat McFadden comments on Reeves Reeves under pressure over market turmoil in UK assets.."

And if you are in any doubt :

"Is Britain’s Labour Party Facing a Liz Truss Moment?..."

It's coming home to roost for Labour and their 'growth' plans, never mind King Kier will ride to the rescue with the UK becoming a world leader in AI ...... lol

They have not a Scooby-Doo !

aimo & dyor

And they want to build MORE turbines, unless the Labour party pay for these to sit idle not many will commit to building wind farms when there is no wind, similar story with solar. Love to know what deals are being cut to force this green agenda and how much tax payers money is going towards subsidies.

"If the UK needed more gas, traders would have access to EU stocks, provided they paid the right price...", of course that cost will then be passed on to consumers. On Wednesday the price peaked at just over £1000/MWh, against the past year average of £71.13/MWh, UK's 'energy security' is in tatters imo

https://www.bbc.co.uk/news/articles/c7vd57qzlqpo

aimo & dyor

Really MM, that would imply we have an active institutional investor or large investment company involved with trading ZIOC, something that may well be the case, although we are yet to see proof. If we do have pro traders involved with ZIOC they will be back given the 'promised' news flow, just a matter of when.

Price has now 'cooled off' technically and back to pre RNS level, going into w/e, it will be interesting to see our close today.

My top-up buy order was triggered today.

aimo & dyor

Lol, interesting experiment Dick. ;-)

NB. Must be cold outdoors, even the SP has turned BLUE !!

Any wonder why they want to reduce consumption, currently the energy suppliers will be charged £630.12/MWh

I'm turning my supply off at the mains for the hour and going next-door for a coffee, they are not with Octopus so don't know about it, should make me a few quid to invest in SQZ, lol

Driving,

"My inking is also that an offer the board/glencore find unsatisfactory is circling.."

Agree, there appears more to this rise than a simple promise of news.

What would GLEN find unsatisfactory, take-out price and/or distribution rights. A lower t/o price could easily be compensated by better terms with the distribution rights given the expected life of the mine. If GLEN finds a deal to their liking, we will have little say in the matter. Remember that 'insider' quote that kicked all this off, smoke and fire !

aimo & dyor

Maybe not so much Guava given Elphick's interest.

Still the reason for intra-day RNS is playing on my mind.

aimo & dyor

"I think any Strategic investor would want a deal done now to take out Zioc and to maximise the future revenue.."

Why the intra-day RNS last week, almost as if ZIOC's hand was forced imo !

We really don't know who holds what, for whom and what purpose. Did ZIOC get wind of a low-ball approach coming our way with potentially backing of GLEN and/or Guava plus unknown entities ?

What better way than to release an RNS with 'promised' news of the 'intended' nature, "Company intends to provide an update.." to get the SP building. I think we could be in a fight to save us from a lowball t/o, but that's just my opinion.

How low is the question, remember GLEN have circa 43% of the voting rights, if they wanted to screw us over by doing a deal with the devil they could.

aimo & dyor

Lol, correction posted :

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

03-Jan-25 09:06:34 7.925 -2,000,000 Unknown* 7.52 8.50 -158.50k O

Saudi’s office hours are not the UK norm, they usually work until 8 pm with a ‘siesta’ style break halfway through the day…. So yes they would be open for business afaic.

Just saying.

“Why not the usual 7am?..”

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

Aimo & dyor

From March update :

" Strategic partner initiative: the Company is pleased to have received, interest in the development of the Zanaga Project from a number of parties. Discussions continue and the Company will provide further updates in due course..."

Looks like we are closing in ...

aimo & dyor

Sasa,

As you stated this deal does nothing to address the reliance upon NS and its current punitive tax.

For me this strengthens Mercuria's case for a T/O, not only does it give extended period until the tax credits are exhausted but also this 'extra' window is for the benefit of Serica's owner post 2027/8. Will that be current shareholders or ano party, mentioning no names once more.

Auctus Note stated : "Previously, we forecasted that Serica's tax losses for SCT and RCT would be exhausted by mid-2027 and mid-2028, respectively. With this acquisition, these tax losses will now extend to 2030.."

I'm taking nothing away from the cash benefits of the deal over time, but these will not begin to be realised until post 2027, you can not say this deal was instantly accretive for current shareholders ! If we do another deal along the same lines of adding more tax losses, would for me, put Serica firmly in the crosshairs (if not already so) of Mercuria.

aimo & dyor

Would of been a better deal if we had acquired their other assets not just these dead duck NS ones. Not a particularly good deal afaic, although given 'potential' of these assets I'm sure they will make money for someone, not mentioning any names of course.

"Parkmead is retaining 100% of its revenue producing assets, which comprise its Dutch natural gas fields and its UK wind farm, all of which are onshore...."

https://www.parkmeadgroup.com/operations/our_assets/

aimo & dyor

Charts are showing some amazing figures going forward.

Hit rising resistance from 5th July, need to build and hold tomorrow.

18.45p my next target then march onward to >42p

aimo & dyor