Member Info for simonthezealot

I am sleeping like a puppy dog since I sold out Lynthip. No longer am I waking up at 6:30am on the dot. Over Xmas, on the odd day here and there, I found myself waking up after 9am - something I have not done in the last 3 years. I made my losses back from here in EUA in one week and now my money is back in the bank nice and safe. The Chinese would have snapped this up regardless of the port scenario and route to market etc. They are waiting for this company to run out of money and then they will buy the whole lot off Glencore who will absorb ZIOC imo.

Looks like this will be yet another AIM casualty by the Spring. Had potential in the early days, but very poorly managed imo. Lots of bad luck along the way too.

Totally disagree with you Shrewd. If someone wanted to buy them out, they could have done so at any time. I do not like the idea of creating a hub of investment around this project either which would result in more timescales, more joint investment and more dilution. Glad I am out tbh.

I personally would be extremely worried rather than mildly apprehensive in regards to next year. If you refer back to recent rns's, it refers to a 'substantial' raise. The simple fact is that this company is running out of money and time and a substantial raise from these levels might take the sp closer to 5-6p. I was invested in here for 3 years and jumped at 9.5p recently, nursing a loss with my 16p average. I wasn't prepared to watch my investment dwindle anymore. I was also frustrated with the lack of news and marketing etc and whenever there was any news, it was very samey and can kicking in it's content. Not sure as to the future of this one tbh. I wish all of those invested every success, but you all have a long drawn out wait with radio silence.

Lyndon. I would tell them to turn the lights off and quietly close the door behind them. I am sure my bro would say the same.

Longwait - My bro and anybody else in that matter are allowed to post their thoughts on any bb as long as it is respectful etc. I see that you are one of those investors I was referencing in my last post a few moments ago. Your name is quite apt when I think about it.

There will always be mug punters foolish enough to part with their money at these levels - that is why companies do raises as they know there will always be bottom feeders ready to buy back in and so it continues until one day, the lights are switched off. The only winners are the BOD and a select few imo. Still digesting my Lidl caviar, although I found it a little watery if I am being honest.

They hinted that no dealing is forthcoming on a couple of occasions in the rns imo. This points to a de-listing off AIM I'm afraid to say folks. I still cannot believe people are still buying in at these toppy levels. Brainwashed and deluded individuals who still think that there is light at the end of the never ending tunnel. Off to make some breakfast for me and the Fez. Fez actually bought some cheap caviar yesterday. Things are looking up in the grotty bedsit above the chippy. Panto is going well btw. Nice of you to ask.

It looks like TW was right with his assumptions then. Glad I exited this circus when I did and rescued my life savings and recovered my losses elsewhere. You were all warned, so you only have yourselves to blame. Some of you were actually averaging down last week and this week and you wonder why the term 'Mug Punters' has been used in recent weeks by certain individuals? I wonder how much money PS200306 has lost now? Rather you than me fella! Soon to be a 1p to 2p share which will only attract day traders looking for a quick thrill. Most of you talk about your wives, but I am surprised any of you have wives after this car crash. My bro knows some fantastic park benches if any of you are in need of some rest.

How did this **** Roach get the ability to raise again? Can someone please stop him from coming any where near this share. As a LTH at 0.8p I am disgusted by how this company has been run. Purely a lifestyle company for a select few. Disgraceful!

Seems I was correct in my assumptions D Loughlin. Apology please as the markets have not taken the rns well at all.

Made for horrible reading imo. Unable to drill until next year and no available funds / court etc. Ouch!

Very poor rns imo. To me, it reads like a duster rns with bells and whistles and certainly no guarantees of success.

Might as well hit the ground with an apt disco song........................

https://www.youtube.com/watch?v=OSiOcOwxec8

The crash and burn is getting even closer. Breaking through the atmosphere now and the heat shields are taking a pelting. Not nice losing money is it? Feel that burn.......................................!

100 million dollars needed to build steel mill for phase 1 production. Massive or to coin a phrase from previous rns's......a'substantial' raise will be needed to get this project off the ground. With only 1 million in the bank, share dilution is inevitable and there is no getting away with this fact I'm afraid to say. Even then AT says he may not go the full way and will more than likely hand this over to a pelletisation company, so even more dilution ahead beyond the initial substantial raise imo.

If the Chinese wanted to buy it out, they would have just bought it. That is how the Chinese work. If they want something, they don't mess around. They have very deep pockets. There must be another reason why they are treading carefully and that is no doubt due to the Gov't and their concerns about previous corruption etc imo.

Just saying it how I see it. AT always said that he wanted to create a hub like scenario with the project and deep down I just wanted him to sell it off. The trouble with creating a hub like scenario is that you end up with multiple companies / jv's and people letting you down. Too messy for me and this would result in various agreements being set up and share dilution.

The rns didn't impress me much I'm afraid. Same old same with no guarantees and a convenient mention that their 1.5 mt EPP project has been reduced to 1 mt as a result of Gabon. Also a time frame of 2 years plus, so basically more can kicking and delays. Not a fan of equity/debt financing etc. I would have sold the lot to one company and not tried to encourage lots of fingers in the pie. The traders will benefit in the short term, but LTH's will just have to wait and sit it out on the sidelines as per usual.

Heading down to 0.01 or lower. Crash and burn.