The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I share Aberdeenman's fears that ZIOC will be sold too cheap! Or, even worse, not at all! All this positive news and this is the best the SP can do? I've always thought Mr Market knows best but in cases like ZIOC he gets accused of taking his time to adjust. We'll see. What's required to send the SP into the stratosphere is something unexpected! So far, the expected has failed.
You do know you're supposed to DYOR, don't you? Never believe anything you read on a BB unless the poster has got it right in the past on more than a few occasions. And then add a pinch of salt. Meanwhile, ZIOC struggles to get past 10p despite good news. And for a company with so few shares in public hands I find mention of an overhang depressing. Even at this late stage, I'd expect a hedge fund to be taking a major position but where are they? Where would the SP be if there was a 20,000,000 buy order? Or several? 400p? We could all sell without worrying about a takeover offer! Bear in mind that ZIOC is only worth what someone is prepared to pay for it. 400p would set me up for life and if the SP eventually hit 800p I couldn't care less.
Pleased to see a hefty buy just before close of play but he must wish he'd got up earlier and paid 0.1588p at 0804 instead of 0.1784 at 1227. Nothing to worry about when ORR hits 1p as I'm sure it will in 2024. Is 10p by 2026 unrealistic? Assuming the mining of bumper grades, why not? 50p if the price of gold doubles? It may sound fantastic but it's perfectly possible. Please don't ask me to provide evidence for my wishful thinking but, rest assured, ORR is the last share I'll sell as I wind down my PF over the next couple of years. What I need to rescue me is a ZIOC jackpot which would give me some breathing space. GLA & Happy New Year!
"Bonanza grades in Cameroon and we are off to the races!!" Agreed! Buy now or pay 100x later! It's perfectly possible.
Looking back, who thought GGP would hit the jackpot? Hitting a jackpot never comes with instructions - you just have to take a chance! VERY STRONG BUY
Thanks for your support - it's much appreciated. Every board needs a dissenter even if 69% of his PF is invested in ZIOC. Unfortunately, I don't see this ending well, at least as far as jackpot-hunters are concerned. Which means the SP won't hit 10p anytime soon. Always very happy to be proved wrong. Still expecting a takeover offer @ 100p and hopefully further offers will take it to 200p at which point we can all get on with the rest of our lives. I'll be flabbergasted if a takeover offer is £3 or £4 or £5 but WTFDIK? Admittedly, it's a strategic asset which could be worth a lot more than the price of iron ore.
Or it could be worth £billions by not being developed. Meanwhile the SP is where it is and will remain. So many contradictions. Merry Xmas to all ZIOC investors and let's hope we're not still here this time next year!
I am thinking as hard as I can. Obviously not hard enough! I note Driving's comments and will adjust my expectations. Looks like I'll get what I'm hoping for but it will just take longer. Meanwhile, I'm closer to the grave each day. Unless, of course, the long-expected RNS suddenly surprises everyone: an American company has offered 200p for ZIOC. Job done! How many counter-offers would that unleash?
Any company at any time is open to a takeover offer! Fact. So you're happy to sit back for God knows how many years and wait for the SP to rise? What are your projections? Instead of attacking me why don't you tell us what you're hoping for?
Probably a two-bagger if you lack imagination and don't understand what a binary bet is.
If you were smart and nimble, you could attempt to jump aboard a moving train and end up under the wheels! I note the usual insufficiently positive response from Mr Market to news of a CEO who will deliver us from evil. Usual tiny volume on what should be a game-changer. Wild talk of £4 or £5 a share but how many years will that take? I want my reward now! Can someone please takeover ZIOC with an offer of 200p per share which would be a bargain! And let the long-suffering shareholders get on with the rest of their lives. Without a takeover offer I think the SP's stuck where it is - living proof of a binary bet. Should it break 10p and keep climbing I will review my position. GLA
No worries! It's all speculation and you have to speculate to accumulate. What amazed me this week was the Taoiseach said: "The objective here is to stop climate change and stop global warming and maybe even be able to reverse it in a few decades time."
My understanding is that it's irreversible but WTFDIK? Are all politicians as stupid as Boris Johnson?
At last some comments more interesting than the usual cut'n'paste. Have to agree with Moneyman64 about offers swept under the carpet. As for a Porsche 911 Dakar I couldn't fit into it and secondhand cars are 40% more than they cost new. And I also agree with my arch-nemesis Veteran10 that 50p wouldn't be a disaster but I think 200p is where the auction should start. And I think we'll all be surprised by the highest bidder!
Everyone had the chance to buy when the SP was on its uppers! Can't comment on recent difficulties but if it's impossible to buy why isn't the SP higher? ORR investors ALWAYS sell into a rise so where's the rise to make it worth their while?
Then again, what if 50p per share were offered and nobody topped it? With the SP where it is could the BOD honestly say it was not in shareholders' interests to accept such a derisory offer? Bang goes my new house and Porsche 911 Dakar!