The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Not sure RGL was ever a "boring steady income play" if investors kept seeing their capital loss exceed their income!
As a fellow vulture, I've already pounced and paid 27.55p for my shares and it's a long-term hold for me.
Bear in mind there could be plenty of other vultures circling and while you're waiting to get your entry price right the company could be subject to a takeover offer at least double the current SP.
Dozeybear has long experience of being very disappointed! Let's hope this time it's different but if the SP is where it is now after unequivocal positive news from ZIOC then I think I have reason to worry! Have there been any major buys since the RNS? By major I mean at least 1m shares. I don't know - perhaps someone with more knowledge could answer? It's very strange that the SP hit 18p on lesser news but I suppose that's AIM all over. Or, alternatively, there's a lot less speculative money around since then and anyone who bought the ZIOC story is already a LTH relatively speaking.
...while LOGP mourns the loss of Barryroe EOG investors are very hopeful about Inishkea! Why would anyone expect a Government to be consistent? Except, allowing Inishkea to progress would surely open the Irish Government to claims about loss of profits from Barryroe which would add £millions to LOGP's claim. Perfect storm. And no less than could be expected from an incompetent Government as almost all of them are. Scum rises to the top etc.
Longerwait: again, what is your point? We all know LOGP is a cash shell and a very attractive one! Talk of BEY reversing into it and pursuing legal action is nonsense but there are plenty of other opportunities. Just look at ORCA's recent performance to see how a washed-up oil company can recover.
If you are also MM the ZIOC boards are missing you! I surmised your work was done as far as ZIOC is concerned but you may be exiting far too soon! I suspect the ZIOC deal will be a huge disappointment but the question is: how huge?
However many shares are NIPH there always seems to be enough for daily shenanigans. Felt sorry today for whoever paid 11.9p and within a couple of hours they were down 25%!
While MM has faded here and on the other ZIOC board, Coyote2020 has surged on the ORR board but WTFDIK?
Maybe MM thinks his work is done as far as ZIOC is concerned?
And us very poor ORR shareholders now need his help?
I've already told him and the other poster he's picked a fight with to both clear off!
As far as the ZIOC share price sweep is concerned: I am not interested.
Have patience! And if TOM should hit 8p it would imply the company is heading northwards so continuing to hold might be a good call - who knows? There's a long way from 0.065p to 8p but miracles happen.
Who cares? Both have a great need to spout! Both get very annoyed with any dissenters. Meanwhile, I salute hunniford if he owns 80m shares in this car crash of a future Mining Giant. I own 3,333,333 and 10p a share would be very much appreciated!
There's many a slip 'twixt cup and lip! So far, Mr Market has taken a less than ecstatic view of the news all LTHs have been awaiting. I'm praying ZIOC is sold to the highest bidder and we don't end up in some kind of deal where all the rewards are kicked even further down the road.
What is your point, Longerwait? We all know that LOGP is currently a cash shell with a compensation claim in progress.
Which ought to make an RTO more attractive apart from previous tax losses. I'm not an accountant but I think LOGP is worth multiples of the current SP. The elephant in the room is it delisting before a deal is done. Which will be a new experience for me as I am determined to hold onto my shares.
ZIOC's good news doesn't seem to have arrived up the Congo for KP2. Both remain binary bets but I had thought KP2 would beat ZIOC in the Jackpot Stakes. Only fear is how bad a deal will both companies agree to?
In your dreams as far as I'm concerned! "I do a lot for charity but I don't like to talk about it" vs. virtue signalling.
OK, if ZIOC should deliver far more than I expect then I might think about a charitable cause but I wouldn't dream of announcing it here.
Jackbal, considering you own a few million shares (presumably at a huge loss) has it not occurred to you that your constant negativity isn't helping you to get your money back? Either sell up and take the hit or average down (shock horror!) and ride the inevitable wave from here (and get your money back a bit quicker). Of course, after ORR rockets why would you then not have faith in the BOD?