Surprised no MoneyAm BB yet ???

LONDON (AFX) - Zari Resources PLC said that Cambrian Mining PLC now holds a 5.8 pct stake in the company, totaling 13,333,333 shares.

The holding was acquired by way of subscription in the placing of new ordinary shares announced on Nov 2.


It seems that all of these companies are incestuously linked. They all seem to own a piece of each other!

RAB BEHIND THEM ALL

Pimps!

Anyone have any ideas about the crazy volume traded on Friday??

With today's announcement the reason for the volumes is more clear. Interesting that Morgan Stanley would take such an interest.

i know, my gut feeling is that they have taken the stock from a client...hard to imagine they went directly into the market. then again, maybe they did...

Hiya Proptrade,

Just want to know are you in this one. What is your take on this one.

Regards

grandadg90

my take on this is pretty simple. I have been tracking the nexus of ownership and cross directorships that RAB Capital is holding and it makes interesting reading. RAB seem to be close to alot of hot placements and between Cambrian, Asia Energy, West Canadian and a few others, there timing seems to be uncanny.

their involvement in Zari therefore registered on my radar and i am still undecided about buying in. the problem is that there is a pretty obvious bubble in the resource sector and some of the s*%t (excuse my french) has floated with the quality. i think any involment in these names means you have to stay on your toes, but as with some of these names 2, 5 or 10 baggers may still be out there. this is especially temping when the stock has a tiny cap to start with. i am an ex-prop trader from a top tier firm and have seen the likes of these stocks all over the world and am ALWAYS wary about management having a quick float on the likes of AIM to take advantage of a vogue market play.

My best advise is have a scrappy position. enough for a bit of interest but also enough you can afford to completely write off. ie if you standard investment size is 10,000 then i would have no more than a couple of grands worth for fun.

hope that helps and i will tell you if i decide to punt along

rgds
proptrade

Cheers Proptrade,

Thanks alot, really value your opinion.

Rgds
Ray

anytime sir.

proprade, very sensible.

it is just there are massive pitfalls around and negotiating them can be a quagmire (sp?) for the most experienced investor. i may still have some of these but not many!

proptrade: Agree with comments and its interesting to note Morgan Stanley have a 6% holding in ZAR which is I believe a vote of confidence do'nt you think?

i do agree but like all these things Morgans may just have it as a small proprietary punt or be holding it for a client in a nominee account.

i would seriously look at this stock in a small way but just wouldn't get too involved. even a small position appreciates nicely if the stars align on the stock and if, as is more likely, we see this back at a penny, it was a good value punt odds wise.

i did notice that one of the Zari investors was struck off or had a bit of trouble with some bankrupt companies in the past. plse check the details for yourself, i am sure it was somewhere as a note on the prospectus.

Zari Resources PLC
17 December 2004



ZARI RESOURCES PLC

STATEMENT AT EGM


The following is the text of a statement being made by the Chairman at the EGM
being held at 3.00 pm today.


Zari Resources Plc ('Zari') has previously announced an agreement with Horizon
Oil Limited ('Horizon') under which Zari will initially loan up to 1.5 million
to Horizon and have an option to acquire Horizon for a consideration payable in
Zari shares and based on a discount from the appraised value of Horizon's oil
and gas assets. Horizon is an oil and gas exploration company operating in West
Africa.


Horizon has authorised Zari to announce that Horizon is advancing consideration
of a number of opportunities in West Africa. Applications have been lodged for
two exploration permits. In addition, Horizon is considering the purchase of an
interest in another exploration permit. Other opportunities have been identified
and are being considered for follow-up action.



17 December, 2004




This information is provided by RNS
The company news service from the London Stock Exchange

The unusual movement in Zar shares late today is likely due to the following press release, which should be read in conjunction with the EGM statement (above).



http://www.rigzone.com/news/article.asp?a_id=19089

- but are we talking about the same companies?

I don't think so, Horizon Offshore is listed on the NASDAQ (HOFF).

Cute of Zar to release the Morgan Stanley sale last night out of hours, when it has been sitting on the information for a week.. Trying to slip it by?

On 14 February 2005 Morgan Stanley Securities Limited informed the Company that
it had sold 14,500,000 Ordinary Shares in the Company, representing 4.9 per
cent. of the issued share capital of the Company.

well spotted..cheeers