The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"Labour won’t change a thing they’re all the same." Up to a point, Lord Copper! I can't remember where that quote comes from but I think it's Evelyn Waugh. The point I was making is that after a Labour landslide the foreseeable future is a bit more foreseeable which provides punters with the confidence the current Tory government has failed to inspire on so many levels so there should be more money in the bottom 99%'s pockets which is good for investment in AIM.
I consider myself a Rational Socialist and will be voting Reform in a very safe Tory seat. Why do Reform's policies never get a mention in the media?
Who could object to income tax starting only when your income is above £20k?
I'm surprised the SP isn't higher but there would appear to be a shortage of investors. More fool them for abandoning the Stock Market except a colossal amount of discretionary spending has disappeared so punters can no longer afford the risk. You can imagine the impact when they all return under a future Labour government in 2024. Normally, a Labour win would send the indices lower but I think they'll do the opposite this time around. Looking ahead, can I suggest the BOD think about buying back millions of shares as soon as they have a few quid in the company coffers?
I wasn't discussing ORR, I was drawing attention to the fact that deals are being done in Africa and the company ORR have teamed up with are a major player in iron ore contract mining. What a coincidence if BCM ended up involved with ZIOC?
Interesting developments today elsewhere in my PF: ORR, my second largest holding, is # 1 Top Riser after announcing a deal with BCM who, " in January 2023, signed a contract mining agreement with the current owner of the Tonkolili iron ore mine in Sierra Leone, Leone Rock Metal Group, which has Proven reserves of 15.8 billion tons of iron ore. The Tonkolili mine is Africa's second-largest iron ore mine and one of the largest magnetite deposits globally with an estimated operational period of more than 60 years."
Excellent news but the best bit is: "...so it's worth noting that we have four other, neighbouring licences ripe for similar deals or indeed 'go-it-alone' exploration." I'm surprised the SP isn't up over 150% on this news as it completely transforms the Lanstead deal which now looks like a stroke of genius.
Thanks for so much support - I thought I'd be shot down in flames by the usual suspects hence the pre-emptive title of my post. Ironic, as I've just re-discovered Biggles and am amassing a collection. Yes, let's hope something is happening and a swift conclusion has to be in everyone's interest unless Elphick is immortal (which, of course, GLEN is!)
Been here more years than I care to remember and I'm currently down 1%. If a takeover was imminent surely the SP would be much higher? Which implies Mr Market thinks ZIOC will go it alone which is not the scenario I envisaged. If LTHs suddenly give up on a jackpot then the SP will crash but there's still value in ZIOC except some of us can't wait that long.
Surely what everyone wants is a takeover offer! Almost at any price? Anything's better than 7p! Suitors please form an orderly queue and prepare to rub your hands with glee when one of you buys ZIOC at a fraction of its true worth. Pleased to see HOTC, an undervalued UK company soar 164% yesterday after a takeover offer from an American company who will soon change the formula and destroy what they've bought.
Always been a strange share! Are we at an all-time low? Could some entity be accumulating shares while others can't buy? I thought MMs were supposed to provide an orderly market. Experiencing similar shenanigans with ZIOC. Could be good news if takeover offers are imminent. ORR is certainly a bargain ATM! I demand at least 1p! Not what I was hoping for long-term but it will do. If Mr Market can't value companies correctly, other people can! GLA
I'm deeply touched but I think Kutzz with a shareholding 18x mine would be a better candidate! As for the ORR BOD, I think they're doing the best they can under very difficult circumstances. Another nail in the coffin is: is Gold's "safe haven" status justified in the 21st Century? With the world on the brink of a possible WW3 its shine appears to have faded. I'm amazed the situation in the Middle East hasn't escalated - if I were Syria I'd be bloody annoyed that I was being bombed by Israel! Then again, maybe that's the way it's been for years - WTFDIK?
ORR will sink to 0.01p and then it's all over! Discuss. If everyone gives up it's a foregone conclusion! I think before that happens some form of cavalry will arrive. 0.2p by Xmas? Or, perish the thought: 2p if a JV materialises. Failing that, another one bites the dust! I can certainly pick 'em so please avoid the rest of my PF: GRX,JAY,KP2,LOGP,TOM,ZIOC
Except they all look attractive prospects if only the wind's in the right direction. Otherwise, they're very smelly!
Hi extrader, I'm obviously out of my depth here so thanks for your input! It's very hard to differentiate the hard facts from the optimistic froth but maybe they're not so different. I don't usually emerge on Tuesdays so I think it's time I stopped commenting or I'll only attract more abuse. What I'd like to see is more comment about the expected SP - is £6 so unrealistic?
"Clear suppression of SP today imo" - if so, why aren't punters piling in? Do they only pile in if the SP is rocketing?
The sooner the RNS arrives that announces a suspension of trading pending a possible takeover offer the better!
It's the only way LTHs will get to see a jackpot. I cannot see the logic in ZIOC choosing to develop the mine itself, even as a free carry, in a JV with a Chinese entity. What I'd like to see is an American miner putting its cat among the pigeons and offering £3 per share for ZIOC. The Chinese, not wishing to lose face, would double it to £6. Happy Days! The absence of any American hedge funds among ZIOC's shareholders might hit that idea on the head.