Seriously, no I mean SERIOUSLY, who wants to be out of this over the next couple of weeks???
The most overused cliché in share trading. But this time it's never been more true.
What we've seen since November (900% rise) is absolute chicken feed compared to what it will do when the big news lands. Which, btw, may not be Thursday this week.
This thing will SOAR on substantive news.
"What can you say about this debacle? Doug outlined whats happening very well.
The smaller BH sales, MM actions are manipulative and normal PI are selling out as their personal lowest SP targets are breached, it then spirals.
If you believe in the fundamentals and that prod is going to rise, JV deal will be done on an asset of this scale then this is a value disconnect of epic proportions, there is money to be made on the rerate north as the shorts have made on the manipulated plummet south, assisted by the BH finance deal COPL had to do to survive - weakness is exploited.
AM is probably at a loss on all this trading froth as market positioning is hardly his forte, not helped by his actions and silence, he has a lot to prove.
The SP is not representative of the asset nor the future production - all is still possible in this regard - the oil is there, prod is growing and the JVP is still at the table - value will accrue in time so to sell now will lock in loss rather than letting it play out - each to their own, but its probably the last opportunity for top up at its ebb before June numbers released - explains a lot if they are as good as they should be based on the known field technical response, pressures handled by GGS installation, MF rate 400% greater, pipes dewaxed.
That will be three months of growth from April , very powerful - should reduce the risk profile substantially and so positions will change.
Also the increasing revenue this brings as the prod grows each month is a company maker, then money makes money as profit is recycled into the field for GGS further stages, drilling and field maximisation, lower risk of default gains RBL and the next cycle of development - ask yourself is any of this reality indicated by the SP action at this time?"
Are people really going to fall for this??
Check out his posts on AAOG. For those who don't know, it went bust.
Paid ramper.
This is where scouring the internet for snippets of info could reap huge rewards by getting in before the herd.
Good post Aberdeenman.
Hi extrader, interesting.....
Here's a question, when the results are announced, if Zioc is under an NDA are they obliged to inform the market that they are under NDA?
What's the consensus on where this will settle/bottom out?
Any chartists out there, where's the next support?
Emerald, after buying in at 650p I bailed at 996p. I missed out on the 1150p peak but made a decent profit and may get back in if it continues to tumble.
The debt pile makes me hesitant though, but under £9 and I will probably take another punt.
Seriously, they could be forced to suspend this if it really starts shooting up. Particularly if there is news waiting to share to the market.
Maybe Julian Higgins rebuilding his stake? Or Mr Everett increasing his?
I'm just thankful I only spunked £800 on this flea ridden dog.
I've written it all off in my mind.
Mulholland has a lot to answer for.
So even after 3.5yrs from now, they'll still owe £27bn.
Wow! Imagine the interest they will be paying on that pile.
Yep, this feels primed and ready to explode!
To anyone looking in pondering a punt on Zioc I'll say this....
Zioc isn't like your typical lifestyle AIM company. Since it floated at £1.56 over 12 yrs ago it hasn't had endless fund raises and diluted investors to death.
It was always a case of "when" not "if". Well, that "when" now feels very very close indeed!
You've got to be in it to win it ; -))
Oops, I'm changing mine to £1.80 as ExTrader beat me to £2.
Also 2% to Macmillan.
Ok, I'll go 2nd.....
I'm saying £2 because that would be a justifiable premium on the placing price of £1.56 and still gives the buyer a tremendous asset for not much money by mining standards.
I think it's now very clear it's going to be Vale who buys the Zanaga project from Zioc.
In recent times, Andrew Trahar would be singing port deal from the rooftops. But now, total, deafening silence. This screams NDA!
Too many dots joining up.
We could be in for a rollercoaster few weeks.
Will this EVER move?
Sick to death of seeing these mid 70s.
Should be £1.20 by now.
I think the rumour has been bought here already.
I suspect even if results are good next week, the news will be sold.
I think it's time for believers to take their heads out of the sand and see this for what it really is.
Share price wouldn't be down here if there was any chance of a decent JV. Time to face facts.
Or you can carry on being led up the garden path by a certain individual.
And btw, my average was 0.34p in old money so I'm miles underwater.
AM has wrecked this for us.
For me, the smoking gun has been found.
Absolute radio silence from Zioc about the port deal.
That tells me we're all gonna be RICH, soon ; -))
Actually this is a very astute observation Aberdeenman.
The silence from Zioc on the port deal is deafening.