RE: ZIOC latest update: 6th May RNS and Presentation...13 May 2026 15:06
My agenda is straightforward: I want the best achievable outcome for all ordinary shareholders, and I do not want retail investors frightened into selling by a campaign that is strong on accusation but still unclear on remedy.
As for the aspects of the RAM deal investors are likely most concerned about, I would say they are fairly obvious:
the apparent transfer of majority project economics for what many see as inadequate consideration;
ZIOC potentially being reduced to a much smaller minority exposure to its only real asset;
the lack of full clarity around RAM / Greymont / GIS and associated interests;
whether shareholders are being given enough disclosure before any vote;
whether there should be independent valuation or stronger minority shareholder protection;
and whether the current structure is genuinely the best available route, or merely the one now being presented as inevitable.
So no, I do not think “resistance is futile”. Nor do I object to pressure being applied by legitimate means.
But I do think pressure should be tied to a clear, constructive objective. That could be fuller disclosure, independent valuation, revised terms, stronger retained economics, better shareholder protections, or some combination of those.
Your London analogy is interesting, but it misses the point. You have described the possible modes of travel. What shareholders still need to understand is the destination. Is “London” revised terms? More disclosure? Blocking the deal? Regulatory intervention? RAM stepping back? A white knight? Something else?
Saying “there are many routes” is fine. But unless the destination is clear, shareholders are being asked to support a journey without knowing where it is supposed to end.
I respect the “why”. I am still asking for clarity on the “what”.