Member Info for beardozer

And that was EIGHT years ago! So much progress since and the SP is 4.2p - it stinks! Good luck to extrader et al in involving any "authority" to examine ZIOC shenanigans and actually do anything! Capitalism tramples everything underfoot and the RAM-raiders have done nothing illegal while betraying the trust of LTHs. If they can all sleep at night - good luck to them! Some of us are losing sleep after the size of our loss finally hits home!

The warrants are certainly a dark cloud hanging over the SP but the SP would have to be a lot higher than 0.8p before it's worth the bother (and the risk) of converting. Also bear in mind that every warrant cashed goes into the company's coffers but also dilutes existing shareholders. So, in my case, I was awarded 240,000 warrants @ 0.8p which would cost me £1920 to exercise - £1920 I don't have at the moment! Assuming lots of other warrant holders weren't all selling at the same time and the SP was 0.85p then I could bank a 6% profit of £120. Much better to wait 12 months and hope the SP is far higher! And all the time warrants are being exercised! Back to the drawing-board!

Understandable but why is it so hard to move from non-producer to producer and then sit back and watch the $millions roll in? Why is the upside so unattractive to finance providers? If Valkor's short of funds then it's a golden opportunity for a RTO into TOM, issue a few shares for working capital and more besides, rename TomCo Valkor and start afresh. But, please God, not if there's a share consolidation which wipes out TOM LTHs. I just suffered one with LOGP and it hurts! Shares at the time of suspension were 0.10p and post-consolidation 5-1 they were worth the same! And they've just sunk lower.

OK, in exchange for being wiped out, LTHs are ring-fenced for 80% of any compensation but that could take many years to arrive, if ever!

Even when a government has been ordered to pay compensation they can appeal or just not pay!

I think "swivel-eyed loons" is well past its best before! Time to think of a new derogatory description for people who disagree with you who just happen to be dangerous idiots. I think I might've forecast 1p by Xmas but I got confused over when the share consolidation occurred. Obviously, post-consolidation 1p is impossible regardless of any future compensation.

From 2018: "A Mr Keith Everitt from the Isle of Man bought another slug of shares today to take his stake to 6.01% - worth around £3mln. That’s a sizeable holding for an individual investor. News of his share purchase has got investors speculating on the bulletin boards just who he is and if he knows something they don’t. The gossip has helped to push the stock up 10.3% to 21.9p."

21.9p!!!!

You could be right on all fronts! Or you could be wrong! The Zanaga Project has huge potential and any takeover offer from a major miner would blow your opinion out of the water! If it doesn't materialise then there's something very wrong with the Zanaga Project. No idea what AI has to do with the price of Iron Ore but a market collapse is very possible.

This is a world-class asset and you have to ask when is the next one going to appear? If no major miner makes an approach then we're fooked! And that would destroy any remaining faith I had in my analysis of every other investment. Tempted to sell up - go on a cruise - fail to meet a rich widow - slip overboard. Except beardozer is built of sterner stuff - he won't rest until there's a much fairer offer from RAM or the likes of Sir Mick Davis are dragged through the dirt.

Could the 6,000,000 seller @ 0.09 explain their reasoning? Punters are now paying less than the placing which I would've normally expected but I thought the 20% share of the impending compensation would've sent the SP higher.

Torreaguas: I like the sound of 0.5p but I prefer 1p - time will tell! With Trump's "help" who knows where the oil price will end up?

Obviously, he's suffering early stage dementia but that won't prevent him from trying to destroy the planet.

I put my trust in slightly wiser hands within the US Government.

cashdefizit: always nice to see where I'm actually invested. Utah is very beautiful and well worth a visit. Obviously less beautiful after oil has been extracted but there's no reason why it can't regain its beauty.

In my analysis I ignored extrader 's efforts because I don't think he'll get anywhere but good luck to him et al if they manage to improve the return to LTHs.

What nobody wants to see is the shares suspended even if the RAM-raiders would suffer most because we'll all suffer! But maybe that's what would bring them to book and inspire them to be less scumworthy. We all know it's a dog-eat-dog world but until now I've never experienced it. Obviously, I need to get out more! Not easy for me these days - since retirement my muscles have atrophied and I wish I'd gone for a walk every day instead of sitting in front of a screen. Use it or lose it - if you never go for a walk you'll soon find you can't! My current exercise is pushing a supermarket trolley twice a week.

Hence I'll be dead within 5 years which doesn't really bother me - gotta go sometime and people I admired have died a lot sooner. You don't have to be clinically depressed to invest in ZIOC but it helps! C'mon - let's have a Magical Ending to this disaster!

"Will this share ever get north of 10p again?" I certainly hope so! Worst case scenario is they lose the mining licence and ZIOC shares are worth zero. Best case scenario is a so far unexpected takeover offer or preferably several. That's what I'm hoping for and 100p would be perfect. What's in between those two scenarios is RAM-related and very depressing. Either the RAM deal unfolds as promised or "problems" are encountered and "in the interests of all shareholders" it's been decided to take ZIOC private and hopefully they're generous! Unfortunately, the very low SP just plays into their hands. There was talk of 15p in the RAM deal but that's not guaranteed despite being a pittance compared to NPV. And what gets overlooked is that there's still more iron ore to find! What a disaster ZIOC has been for me yet it's still 79% of my PF with TOM on 15% and LRES on 6%. My average is 6.98p and I'm down 39.8%. I'm banking on Fortescue to rescue us at a fair price. It's a pity the days of Chinese entities bidding against each other are long gone...

Was the seller @ 0.0919p a very fed-up LOGP LTH?

"Need endless patience with this one" made me laugh! I don't think it's ORR's fault - basically there are too many investment opportunities and not enough money about. This government is destroying the Economy. Didn't I read somewhere that since they reduced the CGT allowance to £3k they're actually raking in less tax than before! Article in the Guardian recently about restaurants closing down and one owner pointed out that while they were operating they were contributing £150k per annum to Government coffers but that stops after they've closed down. Since I bailed out of ORR 6 months ago I've only suffered disappointment elsewhere which makes it very hard to stay enthusiastic about any investment.

"She said the Bureau of Land Management's field office in Vernal, in eastern Utah, processes the second highest number of Applications for Permit to Drill in the country." Turns out the highest number is in New Mexico.

Let's hope so as I just increased my holding by 39%.

Very sad to report that ii have moved my preference shares from my ISA to my trading account so now I can expect to pay £thousands in tax - Grrr!

You never cease to amaze me, extrader! With everything that's on your plate you can still find time to work for the Spanish Tourist Board! Loved the "must" pun!

I pontificated while under the influence of a very nice bottle of South African Chenin Blanc/Grenache Blanc - a rare combination in itself! Followed by a stunning Barbadillo Manzanilla - I could smell the sea! You don't have to shop at Waitrose but it helps!

Subsequently, extrader pounced! If a temporary trading suspension would advance the cause of long-suffering LTHs then I'm all for it!

Unfortunately, even rumours of a trading halt will lead to a slump in the SP but it's up to individual carpetbaggers.

The trouble is that graphite is priced by the ton while gold is priced by the ounce. Is that incredibly stupid or very insightful? I'm certainly hoping they find some gold alongside any graphite! Not to mention all the rare earths which must run out before new technology replaces EVs. Whatever they find, Mkt. Cap. looks far too low! Sad to see the back of Dr Stephen Boldy who was a very decent man - an endangered species among AIM companies! I think it's thanks to him LOGP LTHs weren't crucified and can look forward to whatever compensation is heading our way. Very best of luck to him with PRD.

I agree the SP is about to explode upwards on the grounds I've been tempted to borrow money in order to double my holding! TOM is even undervalued as a dead duck! GLA!

"Glencore and ZIOC thought a fair price was 4.2p, did you completely miss that ?"

You are being very disingenuous millerston!

It was a fair price for GLEN's holding AT THE TIME bearing in mind circumstances would change!

Obviously, it certainly never put a future value on the Zanaga Project.

As does not the current SP!

You may recall that, at the time, GLEN was perceived by some to be a barrier to any development.

Feeks: I share your view of the RAM raid but suspect the longer term will outlive me! Good luck to you if you're still here to make serious money from your ZIOC investment. At the same time, I certainly wouldn't welcome a mandatory offer of 11p! On the other hand, if the SP were to be stuck around 4p for the next few years 11p looks very attractive! It's such a shame that the ZIOC BOD feels so little empathy with LTHs - we're just irrelevant cannon fodder and it's extremely unfair. I hope extrader succeeds in getting any kind of financial authority to suspend trading in ZIOC while "fairness" is debated. Who would suffer more from a trading suspension? Hopefully the RAM raiders - if not financially then reputationally. "I see you tried to screw the small shareholders but came unstuck! Definite lack of judgment! Not sure I want to do business with you again!" If only... I suspect the actual response will be along the lines of "You win some, you lose some!" with much back-slapping.

Not all BODs treat shareholders with such contempt: as a shareholder of LOGP my interest in the company at the time of suspension has been ring-fenced as regards any future compensation. That was very fair. And very unusual.