Member Info for Veteran10

Blimey we are going to make a packet!

I saw someone mention how incredible it would be if Salarius could get microsalt into McDonalds or similar. If that happens the share price would go to the moon. So how realistic do people feel that sort of deal is? Does anyone have a direct email contact at TEK? I would love to ask some questions.

Have a good Christmas too Extrader. All the best.

Sales from $970m to $8.5billion too! We will take that.

Probably my last post before Christmas now. Have a good one all. This time next year we will all be TEK....

You can come across a little arrogant but I suspect it is well intended.

Whilst control may be worth something, any buyer has ZIOC bent over a barrel so I suspect the share price v figure ZIOC would want is a problem. Especially with potential Chinese investors.

In terms of need and wants, I think it is a case of both for ZIOC. They are In stalemate currently. Sadly Glencore for reasons unclear to me, do not seem to be in a rush to realise value from Zanaga.

On a separate note, I asked a well known value fund manager to cast his eye over ZIOC. He found the story interesting but felt nothing would happen unless iron ore prices remained high. Make of that what you will.

Any ideas on when the open offer will go through? I know it is reliant on the general meeting in early January.

From a past conversation with AT, whereby we discussed the share price, I do not think ZIOC are trying to keep the price low. I stated the original listing price of 156p should be the target, if not higher. AT said an issue they were having was trying to secure a partner at a desirable price when the market price was 6p at the time. Ie Why would someone pay 20p a share for example when the share price is 6p.

Could it be that ZIOC need to sell out cheap but retain a royalty %. Probably more realistic given the current stalemate. Eg, sell out for 10p to 15p per share and retain a 35% royalty on all future profits from the mine. Just thinking aloud.

However discussions are still at an early stage. Surely if he hasn't been able to speak or answer emails for so long, we could have more of an update than that.

I just find it amazing. I would buy another 2m shares if they gave a sign that progress is being made. Sure others would dwarf that top up too.

At the moment I am still accumulating so not too concerned though appreciate that is a selfish view. Certainly think the work the management have done this year is not priced in yet. All about turning a profit, if they can do that, we are off!

Mine is showing now too on HL. Have asked for excess. Hopefully I get them all.

Have a feeling TEK will appear in some 2022 share tip articles. That would help us. If Lucyd floats at $40m or over it would do wonders for the sp too. We should be 40p plus already, bloody Omicron!

You should have a message from your broker when the process starts. I am with HL and have not had a message as yet. Recently I took part in the CHAR open offer. They literally inserted a line in my portfolio and I could just tick a box to confirm I wanted to take up my allocation or apply for more etc.

Is Trahar on the beach in Dubai?

Hilarious post Wadogara :) Nailed it!

I just read my last post again. Predictive phone text really does make you appear illiterate at times! Hopefully people got the gist...

Beardozer, sadly small caps are a minefield. I try to apply the 3 fifths rule. If 3 out of 5 of my small caps are profitable then I should be overall too. This TEK, Tatton AM and Light Sciences have served me well. TWD and ZIOC no soon. Not a great year but still up.

On this occasion I think it seems everyone knows it was a hell of a low price. Hoping for a return to 150p in the coming months. Just need some regular newsflow and a change in sentiment. Easier said than done I know.

I held Ilika last year, got a 3 bagger out of it. Then foolishly bought back lower after a few months and got burnt by a deeply discounted placing, earlier this year I think. I had to average down by taking part and finally last week dipped out for 190p and a small profit. I see Trackwise as a similar scenario.

I will be applying for excess. Also have funds waiting to go in on the open market. Just mulling things over currently.

A takeover would be best. The current management have lost the confidence of shareholders now. They should resign today.

Time for the management to step down I think. This is a poor price to raise at. Forcing holders to average down or sell up. I note there is some sort of promotional piece about the company in Shares Mag, dated 14th December 2021.