Member Info for Zan_TM

@daniel, you have to report price sensitive information as soon as reasonably possible however some information like contract losses can result in a few days delay. Today's RNS may appear a while off but the company I believe was closed during the Christmas period. In fairness if they only found out on the 31st, then today isn't to much of a delay to me.

I think for balance and fairness here, OCIM's funding falling through is bad news but it does happen. For me, I don't feel the company is fully at fault here. There was warning signs as Legal Wolf and a few others had already pointed out as this was going to be OCIMs biggest deal to date, yet they were radio silience on it, which is always an alarm bell.

I'm unsure how the final condition suddenly caused a problem but as time goes on I'm sure that will become unclear.

I don't feel losing the finance loses trust. I think the trust was lost with other areas such as the CLNs over summer which weren't disclosed.

From here I would like Robbie to step up and show a detailed plan of next steps and funds required. A lot of grey areas there. To hit 24k, with current income too and the 3.5mil funding (if not used to pay down those CLNs), do we have enough capital? If not, how short are we.

I think a bit of clear comms would go a long way to restoring some trust.

This aged well

The big issue is operational abilities. We still have the 3.5 mil funding. Does anyone know if the non rns's loans were paid back or are they being paid back from that 3.5mil of funding, thus reducing how much is left over?

The 24k target was kicked back twice by 3 months each time as funding was needed to get it completed. I'd like to know how much cash is needed to get it completed? Is it still possible to complete without any extra funds if we put any drilling on hold for example? Or, is it a case of without extra funds the time line will get pushed back again and if so will Robbie be honest about that this time as last year he was still saying Q4 22 end when he must have known it wasn't going to be. That's the trust issue created here.

The funding falling through happens, that isn't strictly Robbies fault but it does highlight some concerns.

Indeed they are, its why a few years ago I set up the TM due dilligence discord to be a balanced forum for both sides.

I'd rather they werent wrong tbh. As a holder here I didn't want the deal to fall threw, so would have much prefered them not to have egg on their face. It wont change anything, never does.

To all of those posters on here who have spent weeks mocking, name calling and generally abusing anyone who suggested the funding wasn't over the line yet, I hope you hold your heads in shame as todays RNS sadly proves they were right.

It can be hard to remain positive when things like this happen and it is a big set back however, not all is lost.

Robbie does need to up his game now though as the funding was what was letting him off the hook for poor work on getting the Q3 report out.

A perfect example of why Echo chambers are dangerous. Lots with experience who know it could still get turned down get called names by those with less experience in some cases.

Great article.

Really highlights the potential.

The 16p offer is fine to me. What you don't want is them offered at a discount.

Sadly though it adds dilution, although not a crazy amount.

15% of any NAV increase. Yep to much to me and makes ANIC appear purely like a cash cow for himself.

NAV doesn't directly give a certainty of SP increase and so while on the one hand you could argue they have helped improve the overal asset value and so as holders we should gain from an SP increase, on the other if the SP doesn't rise JM via his"other" company is getting paid a hefty sum while holders haven't seen a SP gain.

I don't have any issue with the idea, just the amount. 5% would feel more reasonable.

Thing is, can we actually do anything about it?

@Tray - I do agree that the "all under one roof" these holdings have should make any future IPO admin work much easier/smooth and thus slightly less time consuming, which in turn saves a bit of wonga.

@Legal, Tati over MFC imo appears to have a considerably quicker return potential purely due to not having to build or get a JV partner to fund/build a processing plant.

Note, I'm not saying one is better than the other, more financially I would imagine Tati will line the coffers sooner and as a company we do need an income while other projects come to fruitition.

@Roger - Understandable to want a return on your investment so I wouldn't apologise for that. 3 years in and I think your in a fair place to judge your own investment and how its gone to me. Something I've learn't over the years is stocks in general aren't interested in your own hopes or timeframes. That applies both positively and negatively. I do hope you find some comfort from somewhere as it sounds like you have had a few hard rides last few years. I hope things improve for you.

Or get sold off. Either way, if all goes well both options should provide a net gain hopefully.

Taken off today's RNS.

"After a suitable period of structuring, exploration and development, ION Resources will be available for outright disposal or listing on an appropriate stock exchange."

When we staked the last Lith pick up on the 27th Nov I posted the below

"Personally I would see this becoming part of a new package for spin out.

Given the fact we also have Authier North with its possible Lithium also in Canada approx 8 hrs away, I could see them getting packaged together to create a Power Lithium spin out IPO.

It would fit the model perfectly and combine the two projects nicely. "

Today's new Graphite stake and ION battery packaged plan containing the other two Lith stakes confirms my thoughts from the 27th Nov.

Another nice offering for someone else to take up and progress further, giving us a relatively cheap addition to the bunch.

He did say that Legal. Just had to check stuff over. However priority wise we don't know where that sits on his to do list.

For me, its not a great look but it is forgiveable given funding was so important to get over the line.

For me, Im not to concerned, maybe I should be, but like before when there was worries over the CLN's I felt fairly confident, despite the turmoil seen on here.

Now its not that I'm blind to that risk, but rather things can snowball fast on here and rabbit hole quickly.

I don't think comms wise Robbie has managed this the best and so there is a lot of nervous investors out there worrying uneededly. As seen with the funding secured issue.

For me, its a non issue at this point. If it doesn't get drawn down then it might become one, but today, I don't see anything overly negative with the funding. In fact I find it positive that we have secured a deal to see us through for a while.

The company stated its secured/agreed with conditions (but all funding has conditions so no drama for me), and thus unless I hear otherwise, I see no need to panic on that front.

In terms of Q3 production for me, the company gave the reason as they were focused on securing the funding and in fairness as such a small company at present I can accept that reason for a delay. I might not think its the greatest look but securing finance was more important to the long term success here imo.

In terms of the info Q3 report might contain. I'm not that interested in it as we were already made aware figures will be all over the place while upgrades were taking place, so while good to see potential income created that quarter for your own maths figures, target wise I don't think it is important.

I would be happy to have Q3 and Q4 released at the same time rather than get Q3 while waiting on Q4.

If they did that route a bit of comms to explain that is the route, or whatever other route they are taking can go a long way to making holders feel in the loop.

I know CEOs can be wary of saying to much as well as little as they get held accountable to words and dates spoken but a no date, Q3 will be released with Q4 as an example would surfice for me.

I have to say the idea that just because a holder has a concern they have a hidden agenda is imo not only potentially wrong but a clear attempt at being dismissive of others viewpoints.

I just can't see the logic behind how if someone has a concern and they post it, maybe looking for an answer or guideance, they are automatically a de-ramper and shorting the stock, yet when someone posts something positive they are just a normal holder with no agenda.

Bebeto is clearly their own master and so doesn't need me fighting their battles, nor tbh do I intend to, but like them or hate them, they are as entitled to own stock here just like the rest of us and as much as some might hate it, will make the same % returns regardless of their half full, half empty mindset.

Don't get me wrong, you do see some ovs agenda driven posters telling you it will be 300% up in 3 days or other way around and saying its going into admin, but most of those who have posted here for some time seem like genuine holders and I for one, appreciate the balance both sides provide.

Echo chambers (positive or negative) imo help no one make money. They do however feel nice as self affirm.

Great spot.

I don't think suggesting the funding isn't through until its drawn down is deramping per see, as technically thats just a fact, however, some of those posting that point repeatedly do look a little iffy "1 post" accounts.

In terms of RNS, to I did notice one "iffy" account say we would need an RNS today as draw down had to be before 31st Dec, however, Caracal has several weeks to release price sensitive news from point of occurance. So if drawn down today, you might not get an RNS for another two weeks, however as others have mentioned, the company has already stating it had got the deal and will be drawing down the funds, so in terms of price sensitive info, they have already put that information out to the market.

I think it would be pretty normal mind to also announce official draw down, simply as its a good news story and most like to push those as they can be few and far between, however, again, worth noting they likely don't have to. We must also remember its Xmas/New Year and so hardly anyone will be working and I wouldn't expect our CEO to be sat writing up an RNS.

For me, while yes technically its possible for the deal to fall through I feel its a non issue.

Price wise, the moving of the 24k target is likely to explain the slight dip. Missed targets or moved targets always result in a short term hit.

For me, thats just a new buying opp. For others, its natural to worry it might get moved again.

At this stage we don't know he is totally done selling as still has a decent batch in his holdings, however in this tranche he has done for now.

In terms of the project. The Assays were interesting. On the one hand great news to have proved beyond doubt Lith in Spod Hill, considering Firering's initial IPO was based on being a Tantalum play with abit of potential Lith attached, its a great result to prove up some Lith.

On the other hand, all of the other holes surrounding it which had visible Peg came back via assays as not enough Lith contained within to be commercially viable.

So we have a find, but also not as large as some might have hoped at this stage.

This is backed up by the revert to doing new soil samples within the wider area. If all of the drills had come back successful its likely new drills would have focused on this area straight away to infill and build a potential resource.

Talking of resource, until an MRE comes out maybe towards Q3 area 23, we won't know resources in the ground quantified, however I did see another comment saying 20Mt is the min target. Just as a correction there hasn't been any notes from the company to suggest 20 mt is the min target. There is a clause in the Ricca deal that "IF" they hit 20 mt then Ricca could pay an additional add on amount. However, that is def not a statement of min amount likely.

In terms of value here, the funding via Ricca isn't likely to be taken as a direct asset increase as the cash is to be used to drill etc, not just sit in the bank. Thus while the cash in itself might prove up more resources which add value, the drills also might not find anything new. I don't think its wise to add the funding amount to the companies books as though it will stay there. It will be spent. That's its purpose (if Ricca continue to take up each stage).

The above prob sounds negative. Its not intended to be, more just an attempt to highlight some incorrect statements of late.

As a holder here I believe Firering has a great chance to provide me with a decent return so I am positive on its future. If Ricca continues to take up each funding stage, as a company we have very little reason to dilute via equity raises over the next few years. That is a very strong position for such a new and small company to be in.

It may not be the most exciting ride as newsflow will be spaced out as samples and drills and assays always have dull months in them, but when the news does come, each bit will help us see the bigger picture unfold here and that excites me.

You can never tell someone elses reasons so for me no point trying to second guess. However, its great to see some money flowing in.

Been a long journey here and still a long way to go but overall Bert has to me delivered on everything he said he would and he has been bullish on getting the Lionhead deal over the line, along with other financing.

Theres a lot of CEOs out there who to be honest, I don't trust a word they say. Their timelime stories change like the wind and repeatedly with hold or mislead their shareholders, however, Bert isn't one of them to me. He has always come over as pretty straight up. Never over hyping or over selling info. Just heres the facts, heres what we are working on type of guy and that provides confidence.

I would agree it is a big tick.

What it shows is as it stands, even if nothing else came good (which it looks like it will come good of course), the project is feasible and commercially viable as it.

Just that 10 year LOM with approx 93 mil $ should still give you several bags from here.

Then, once you add in, more drills, Vim Rutha, Tanz, Teng, Maghor etc, suddenly it becomes very attractive.

Good interview. Cheers