Member Info for simonthezealot

Extrader - you stick to your olives and I will stick to my vomit.

Look at how many trades there have been today.....................zilch

Says it all really. Nothing to get excited about here. Just waiting and waiting and waiting for that inevitable substantial dilution to ordinary shareholders...............................sorry, I fell asleep there for a moment! Nobody is listening to what the angry man guarding wasps have to say on here. Most investors are waiting for the inevitable fall out that will present itself in June. I can't wait to see it either. Got the popcorn and lemonade ready.

I still think most of you are missing a trick here. There are absolutely no guarantees that this project will ever get off the ground and no guarantees that Glencore will help with any future funding. That coupled with an unstable country rife with corruption and what you have is a recipe for disaster. They even say in their recent rns statements that ordinary shareholders are going to suffer substantial dilution and still you make me out as some crazy deramper on a mission. Am I the only one who has seen through all of this white noise? Surely not!

AT is bound to say that they are comfortable regarding funding - it states that in the June rns I was referring to last night. What he won't tell you is that they are funded up until the end of May and then they run out of cash. Again, it is all there for you to read if your eyes were open. Come early June, then watch the substantial raise come into play imo. PS - I don't need any night nurse Sooty. I am sleeping like a puppy dog at the moment. It is you lot ho will be having restless sleeping patterns after May and I am watching my predictions play out like they always do. I am never wrong and have called it right with every one of my predictions.

The writing is on the wall. You have all been warned.

There is no set rule for how much to invest imo. People can invest whatever they like and if the fundamentals stack up, then fair play is what I say.

AT's reply to the investor below is just reiterating what is in the June 19 rns I quoted yesterday evening. However, that very same rns also mentions that there are no guarantees that funding and the project itself are a 100% guarantee. I got out at 9.52p with an average of 16p so not at the bottom as per previous posts suggest. My losses here were recovered in the space of a fortnight at EUA. I don't ever wish to be a LTH with any share I hold in the future, rather ride the wave that is called the AIM. I see it as one entity with many companies that you hop on and off - a bit like using the London Underground. As soon as you find yourself as a LTH, it means you have failed to profit from the share and are anchored with an average above the current sp. Many of you would argue my case, but if you do, it is likely that you have averaged up or top sliced or indeed averaged down. For me, ZIOC represents a huge risk and is best avoided. I am entitled to my opinion and have backed up my reasons by copying and pasting paragraphs from last June's rns update. AT's recent email below is wooly and contains no content or guarantees imo. Be careful with this investment folks. The signs are all there in recent rns statements.

Each to their own Extrader. Hopefully it will work out well for you and my window licker brother JTF with his 24p average.

No, it is from an rns last year actually, less than 12 months ago. The fact that most of you if not all of you are turning a blind eye to this direct message from the company to investors is astonishing. It is there in black and white for everyone of you to read. I am not deramping something which is in written word for all of you to take note of.

Thanks for the compliment Dr Remington. Below paragraphs are the reason why I ran a mile. For those investors who still dream of 25 bag potential, I suggest you read and digest this information below before losing thousands of pounds in a white elephant.

Risks relating to the agreement with Glencore and development of the Zanaga Project

The Zanaga Project is majority controlled at both a shareholder and director level by Glencore. The ability of the Company to control the Zanaga Project and its operations and activities, including the future development of the Project (including any variant such as an EPP development) and the future funding requirements of Jumelles, is therefore limited.

The future development of the mine and related infrastructure (including any variant such as an EPP development) will be determined by the Jumelles Board. There can be no certainty that the Jumelles board will approve the construction of the mine and related infrastructure or any variant thereof such as an EPP development, including the taking of preparatory steps associated with the construction of the mine and related infrastructure, such as front end engineering and design, or the undertaking of work needed to assess the viability of an EPP development or any component part of an EPP development.

Risks relating to future funding of the Zanaga Project

Under the Joint Venture Agreement between the Company, Glencore and Jumelles of 3 December 2009, as amended (the "JVA"), there is no obligation on the Company or Glencore to provide further funding to Jumelles. The Company and Glencore have reached agreement on a work programme and funding of the Zanaga Project for 2019. As such agreement relates to 2019, there is a risk that after 31 December 2019 Jumelles may be subjected to funding constraints and this could have an adverse impact upon the Project. Moreover, discretionary amounts are contained in the 2019 work programme and budget; these require the joint approval of ZIOC and Glencore. It is possible that as regards certain items, joint approval would not be forthcoming.

The Company will not generate any material income until the an operating stage of the Project has been constructed and mining and export of the iron ore has successfully commenced at commercial volumes. In the meantime the Company will continue to expend its cash reserves. Should the Company seek to raise additional finance, it may be unable to obtain debt and/or equity financing in the amounts required, in a timely manner, on favourable terms or at all. If ZIOC raises additional funds (including for the purpose of funding the construction of the Project or any part of the Project, including any small-scale start-up) through further issuances of securities, the holders of ordinary shares could suffer significant dilution, and any new securities that ZIOC issues could have rights, preferences and privileges superior to those of the holders of the ordinary shares.

I'll leave you all alone for the time being, but will be back after the substantial raise. Until then, enjoy / injure your sp decline on the run up to the raise.

Your name should be ShrewdDelude as opposed to ShrewdDude. Absolutely no way this will 25 bag and absolutely no way you will ever get earth shattering news by Q2. Deluded.

I sold my Sound & Zanaga shares at the same time for a loss and invested the combined amount I had left into EUA and doubled my investment in the space of 2 weeks. Trust me, I did not want to sell my shares in either company, but look what happened over at Sound and look at what is happening over here with this stagnant can kicker. I recovered my losses in other words and now my cash is safe in a bank. Once I pay my mortgage off over the next 20 months, I will try my luck again, but not with this company I'm afraid to say. If you class that as me being bitter, then so be it, but I class that as being calm and calculated. In my situation, it was a very brave thing to do, but it paid off and it was the right choice in the end.

Mediocrity is better than delusion.

I see the deluded investors have reappeared claiming figures of £2 will result in their early retirement etc. Absolutely not going to happen imo. What will happen is that Glencore will absorb this for very little, ZIOC will delist and go private or the Chinese will swallow it up for peanuts when the money dries up or a combination of all three options.

When is this main event going to happen? They have depleted funds and will have to substantially need to raise more cash if they are going to develop this further. In addition to that, they are not in a stable environment. Africa is best avoided imo and I believe that it is important that AT makes more of an attempt to engage with private investors. You all know how AIM works. I would never expect him to ramp the life out of this - remember, I was invested at Sound and we all know what happened over there and I know AT is not that kind of bloke, but at least engage with investors and create some excitement around this. Am I asking for too much? Not really.

What may that be...? Your links with the Chinese...? If this project was half decent, then they would have bought this many moons ago. When the Chinese really want something, they don't dilly dally around. They have very deep pockets. Every second that goes by, ZIOC are running out of cash btw. Tick tock...........!

The word you are looking for is 'relieved'.

After having spent the last 3 years of my life imprisoned in this share, I am glad I am free of it tbh. The sp goes from circa 7p to 9p to 11p to 12p to 14p then back to 10p to 9p to 8p to 7p and so the mundane process repeats itself year on year like a broken record player. Meanwhile, in the background, AT refuses to speak to his pi's, there is practically zero marketing, hardly any updates and zero feel good factor. Deluded pi's appear out of the darkness claiming sp predictions of £2-5 per share and promote patience year in and year out and year in and year out like a broken record player. When this company run out of funds and not if they run out of funds, expect a 'substantial' fund raise - their words and not mine. It is all in the detail in previous rns statements. You may have to go back a couple of years to read those rns remarks by the way. Mind you, it has been a couple of years since any half decent news has been released imo. Nothing to get excited about and so it goes on......................radio silence and can kicking until what? Until one day that huge raise will come and what then? Back down to 4-6p sp. Hence why I packed my bags and ran a mile from this can kicking exercise. I have always maintained that AT needs to sell the asset and not to develop any kind of hub around it which would over complicate the entire asset imo. I will be watching this sp and reading all of your deluded posts and above all, will be waiting for that inevitable overdue 'substantial' raise. I would like to say GLA, but I think you are all going to need a lot more than good luck when the ceiling finally falls in on you and this project.

They used to have dial-in's which allowed investors to actually question the BOD in real time. Fireside chats took that on the spot questioning ability away from the pi's as it only allowed for questions to be submitted and then answers to certain questions responded to in a controlled and pre-selected scenario.

Anybody investing above 2.75p is filling the trough. How anyone can look at themselves in the mirror and continue to keep on filling the trough beats me. Shameful imho.

I have said goodbye to the stock market Lynthip. This together with losing money at Sound Energy was the final curtain for me. When and not if the substantial raise happens over here, I will remind you all why I jumped ship. They are running out of money fast and have no way out of their lack of funds. Best avoided imho.