Zest Group Share Discussion Threads

[solarno lopez] 19/11/2010 09:46

Yes the first deal is done and dusted.

I said sometime ago that the first placing at 0.10 was to stabalise the company. The second and more important placing at 0.15 was to provide funds for the costs of the first transaction.

So it all fits together with your posting FIGHTBACK..."first deal done and dusted" as you say.

[fightback999] 19/11/2010 09:37

Missed the EXCITED Directors sentence on the RNS.

Cards on the table:
You don't get excited over registering 2 new ltd. Companies and changing your name!!!

The deal(s) are lining up like ducks (sola)
First deal done and dusted.
Will have to wait till Friday.

Only 5 more trading days!!!

[arty] 19/11/2010 09:35

No, maybe stick to communicating your valued and insightful knowledge on Zest, oh and the closely related duck analogies...now they make me smile.

[solarno lopez] 19/11/2010 09:12

hahaha I always have been useless at wisecracks

[arty] 19/11/2010 09:09

I don't think you're quite ready for the comedy tour just yet solarno ! (o8

[solarno lopez] 19/11/2010 09:07

Thats why we are getting into a lather ( get it, soap) about this share Mickey

[mickey rourke] 19/11/2010 09:03

A rare soap on a rope this company will make a fortune when it hits the shops

[solarno lopez] 19/11/2010 08:52

yes as the directors have intimated an EXCITING period

[tomboyb] 19/11/2010 08:46

Morning Zesters. Results probably as expected.

[solarno lopez] 19/11/2010 08:40

Onwards we go CUTHBERT to greater enlightenment (or should that be price)

[cuthbert cuthbertson senior] 19/11/2010 08:38

AS I have just done great minds think alike Solo

[solarno lopez] 19/11/2010 08:07

What has been missed in the statement is the phrase;

" the board acknowledges this EXCITING period for the compnay.....


What a phrase to give added confidence to investors. So pleased I bought more and continue to keep the faith as I have done since the placing.

[liquid millionaire] 19/11/2010 07:46

fightback999 - 19 Nov'10 - 07:27 - 2532 of 2533


RNS OUT!!!!!!!!!
If u read it carefully you will note that zest constantly talks about investmentS,
REM's. Every sentence is in the plural.
Now if I was a betting man, and I am, I would say that zest are chasing more than one REM company.

Might explain why the dynamic duo have set up
Rare Earth Minerals Ltd and Rare Earth Resources Ltd.

Open to sensible debate!!!!

We are in for an interesting 6 days trading.



AYE!

[solarno lopez] 19/11/2010 07:46

The Resolution WILL be passed.

But it does seem to be taking some people a long time, nay a very long time to realise just how good ZEST is going to be

[marab] 19/11/2010 07:39

The Company was formed to build a music business by acquiring new artists together with their music publishing rights and acquiring recording and publishing companies. The Company has made progress in developing its business objectives as set out in its Admission Document. However, in the six months to 31 March 2010 the Company reported a loss before taxation of GBP194,000 and further reported that it was reliant on external funding. The Directors have therefore come to the conclusion that whilst Zest's existing business may be able to deliver some value (and will be retained) it does not form the basis of a sustainable business for a publicly traded company. Accordingly, the Directors believe that it is in the Company's interests to adopt a new strategy for the development of the Company as an investing company and to take advantage of opportunities outside of the music industry and also draw on the experience and success of Mr Lenigas in the natural resources sector as a means of establishing greater shareholder value, further details of which are set out below.

As an investing company, Zest will be required to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its Proposed Investing Policy on or before the date falling twelve months from the adoption of the Proposed Investing Policy failing which, the Company's Ordinary Shares would then be suspended from trading on AIM. In the event the Company's Ordinary Shares are so suspended and the Company fails to obtain Shareholders' consent to renew such policy, the admission to trading on AIM of the Ordinary Shares would be cancelled six months from the date of suspension and the Directors will convene a general meeting of the Shareholders to consider whether to continue seeking investment opportunities or to wind up the Company and distribute any surplus cash back to Shareholders. In making the assessment of whether or not an investing company has substantially implemented its investing policy, this is normally considered to mean that the investing company has invested a substantial portion (usually at least in excess of 50 per cent.) of all funds available to it , including funds available through agreed debt facilities, in accordance with its investing policy.

Proposed Investing Policy

The Company's proposed change in strategy and Proposed Investing Policy, which is subject to shareholder approval, is to acquire a diverse portfolio of direct and indirect interests in exploration and producing Rare Earth Minerals and/or Metals projects and assets. In light of the nature of the assets and projects which will be the focus of the Proposed Investing Policy, the Company will consider investment opportunities anywhere in the world.

The Directors have considerable experience investing, both in structuring and executing deals and in raising funds. Further details of the Directors' expertise are set out below. The Directors will use this experience to identify and investigate investment opportunities, and to negotiate acquisitions. Wherever necessary the Company will engage suitably qualified technical personnel to carry out specialist due diligence prior to making an acquisition or an investment. For the acquisitions which they expect the Company to make, the Directors may adopt earn-out structures, with specific performance targets being set for the sellers of the businesses acquired, and with suitable metrics applied.

The Company may invest by way of outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company or project in question. The Company's investments may take the form of equity, joint venture, debt, convertible instruments, licence rights, or other financial instruments as the Directors deem appropriate.

The Company may be both an active and a passive investor depending on the nature of the individual investments in its portfolio. Although the Company intends to be a long-term investor, the Directors will place no minimum or maximum limit on the length of time that any investment may be held.

There is no limit on the number of projects into which the Company may invest, nor the proportion of the Company's gross assets that any investment may represent at any time and the Company will consider possible opportunities anywhere in the world.

The Directors may offer new Ordinary Shares by way of consideration as well as cash, thereby helping to preserve the Company's cash for working capital and as a reserve against unforeseen contingencies including by way of example, and without limit, delays in collecting accounts receivable, unexpected changes in the economic environment and unforeseen operational problems. The Company may in appropriate circumstances, issue debt securities or otherwise borrow money to complete an investment. There are no borrowing limits in the Articles. The Directors do not intend to acquire any cross-holdings in other corporate entities that have an interest in the Ordinary Shares.

There are no restrictions in the type of investment that the Company might make nor on the type of opportunity that may be considered other than set out above.

As the Ordinary Shares are traded on AIM this provides a facility for Shareholders to realise their investment in the Company. The attention of Shareholders is drawn to "Risk Factors" set out below. In addition, the Directors may consider from time to time other means of facilitating returns to Shareholders including dividends, share repurchases, demergers, and schemes of arrangements or liquidation.

The Company will provide an update on its investing activities at the same time that it publishes its audited annual results for the year ending 30 September 2011 and as otherwise required by the AIM Rules. The Company has no current plans to publish any regular estimate of net asset value or updates on the investments.

Name Change

In accordance with article 104 of the Articles, the Directors have passed a resolution to change the name of the Company to Rare Earth Minerals Plc conditional upon the passing of the Resolution by the Shareholders to adopt the Proposed Investing Policy.

Subject to the change of name of the Company becoming effective, the new website address of the Company will be www.rareearthmineralsplc.com.

Risk Factors

Any investment by the Company as part of the Proposed Investing Policy will carry a high degree of risk. These risks and uncertainties are not the only ones facing the Company and additional risks and uncertainties not presently known or which are currently deemed immaterial may also have a material adverse effect on the Company's business, results of operations or financial condition.

If any or a combination of the risks materialise, the Company's business financial condition, operational performance and share price could be materially and adversely affected to the detriment of the Company and the Shareholders.

GM Business

The business to be considered at the GM is as follows:

Adoption of the Proposed Investing Policy - to be proposed as an Ordinary Resolution

We are asking Shareholders to approve and adopt the Proposed Investing Policy. In particular, the Company is seeking the authority of Shareholders to acquire direct and indirect interests in exploration, development and producing Rare Earth Minerals and/or Metals projects and assets. In light of the nature of the assets and projects which will be the focus of the Proposed Investing Policy the Company will consider investment opportunities anywhere in the world. The intention is to acquire a widely distributed mix of Rare Earth Minerals and Metals development and producing assets.

If the Resolution is passed and the Proposed Investing Policy is adopted the name of the Company will change to Rare Earth Minerals Plc.

[fightback999] 19/11/2010 07:27

RNS OUT!!!!!!!!!
If u read it carefully you will note that zest constantly talks about investmentS,
REM's. Every sentence is in the plural.
Now if I was a betting man, and I am, I would say that zest are chasing more than one REM company.

Might explain why the dynamic duo have set up
Rare Earth Minerals Ltd and Rare Earth Resources Ltd.

Open to sensible debate!!!!

We are in for an interesting 6 days trading.

[mickey rourke] 19/11/2010 07:27

Zest, Zest....Zest is the best!!

Get the best soap on a rope or be a dope!!

Zest, Zest...Zest is the best!!

[cpurser] 18/11/2010 16:44

Held on to .5 at the end of the day, expect it to use this as a support to go up from here on

[fightback999] 18/11/2010 16:40

Will zest get a mention in IC tomorrow???????
The million dollar question!!!!

[solarno lopez] 18/11/2010 15:43

You could say that Arty, medium term this has got some fizz too it

[solarno lopez] 18/11/2010 15:37

Chasbos that was me

[arty] 18/11/2010 15:36

solarno - just a hunch, but I'd say you were pretty confident on this one !! (o8

[solarno lopez] 18/11/2010 15:31

Just topped up with a mill

[chasbos] 18/11/2010 15:31

Someone just grabbed a million @ .5

[solarno lopez] 18/11/2010 14:05

Whose for a SARRY fan club