i am out! good bye and good luck to all!

After careful consideration, I have unfortunately sold all my holdings in MZI.

Not showing in COMMSEC yet since trade done via CHI-X....

Some of the reasons in my own opinion and I suggest you do your own research, are:

- Having already been burnt by MBN (Mirabela Nickel), I can see a similar situation developing here, hence I will no longer risk my money on MZI.

- As per MBN’s outcome, minerals in the ground are worth nothing, and shareholders are worth even less.

- A secured US$3.5 million loan by RCF Capital Fund VI will need to be paid by 31 March 2014, since MZI does not have the cash it will need to come from another line of credit provided by RCF, pending shareholder approval.

- Directors in MZI have very little or no shares in the company. Not a good sign.

- Director in MZI get paid too much for a non revenue company.

- Broken promises all along and no justification or excuses provided:

“At this stage it is expected that credit-approved offers of
funding would be received in late January/early February 2014”,

- How long before NEDBANK pulls the plug on the conditional credit approval for 50% of funding?

- No offtakers for majority of minerals i.e. L88.

Based on all the above I have decided to SELL all my holdings, even with a loss, so at least I do not eventually lose all.

Above reasons are in my own opinion and I suggest you do your own research!

GLTA!