George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
One bottle of Sainsburys Taste The Difference California Chardonnay @ 14.5% which is unusual!
Usually £12 but I bought it as part of a 25% off offer so £9 and well worth it.
Followed by six cans of 440ml Vocation Hop Skip & Juice Hazy Pale Ale @ 5.7% from Tesco - DYOR!
Always wanted to end my days as a heroin addict (at a reasonable price!) I've spent time in hospital where I really appreciated the morphine. Legalise all drugs and let the robots do all the work! What's wrong with that? Not sure why I'm being attacked for being an optimistic shareholder but Eddsy and DANNYBAREY need to find something better to do - how about creating something?
"My other worry is whether RGL will find a way to halt the dividend through exceptional circumstances, which would be a disaster." You hit the nail on the head! We all know REITs are supposed to pay out dividends but what if it bankrupts the company?
Apologies if my posts have contributed to the SP plunging 8%. It's a very jittery Market at the moment. But you can't argue with the gold in the ground. One day the SP will shoot past 1p and then 10p won't be that far ahead.
So Spks is happy with 40p while shaun86 thinks Elphick wouldn't accept less than 400p!
I recall comments from extrader many years ago about Elphick making £millions when ZIOC was listed.
Correct me if I'm wrong. Since then ZIOC has plummeted but why wouldn't Elphick want to maximise his return on his remaining investment? But only up to a point unless he was extremely greedy. And besides, we all know GLEN is holding the reins. I think one GLEN share in exchange for one ZIOC share would solve all our problems despite how low GLEN will go. Maybe the downward trend is Mr Market telling us they're about to offer to exchange one-for-one with ZIOC? ZIOC not rocketing would put the kybosh on that theory! WTFDIK?
Obviously it's not just novice punters who lose money - I just bailed out of two very short-term investments with losses of 28% for each of them. Which doesn't say much for my judgment but you can only do your best!
Invested the remaining proceeds by adding to my largest investment ZIOC but if that never hits the jackpot then the last 10 years have been a complete waste of time. Not sure if Marx ever addressed investors losing faith in Capitalism but I'm sure he never envisaged Tracker Funds tracking 7 wonderful shares that keep rising forever. But who's brave enough to short Nvidia? Russia invading Europe will soon put a stop to things. It won't be like WW2 - it will be over in days thanks to Tory cost-cutting. I will be able to hear Russian tank-transporters on the A14 just before I'm shot.
Obviously we're all hoping this will be the next GGP! And after that - let's hope future punters will refer to the next ORR! That could be a very hard act to follow if bumper grades are found all over the place in Cameroon. Current SP is a joke - circumstances have changed so much while Mr Market remains asleep. At the same time, £billions have been withdrawn from the UK Market and AIM is always being kicked by novice punters who continue to lose money. Timing is everything is the first rule of Investment. It would help if the BOD threw out some projected figures but I suppose it's not allowed so it's all down to us to DYOR! And hope for the best - why else would you invest in a hole in the ground?
Could be a decent dividend but at what price? REITs have a tendency to eat your capital in exchange for a high income.
And what happens if interest rates don't fall?
GLEN down again this morning by more than the ZIOC SP. I've never understood why GLEN has shown no interest in a takeover, even as a quick flip or is that against the rules? Offer the long-suffering PIs £4 which would make me deliriously happy. Couldn't care less if they then sold it on for double what they paid for it. After all, there's nothing to stop that buyer offering £4 at this very moment.
You make a very good point and I agree it's inexplicable - I truly believe Mr Market knows best yet he is so often proved wrong and consequently I have 63% of my PF invested in ZIOC despite Mr Market's view. Could I be barking up the wrong tree? If not this tree, where is there another iron ore mine priced so cheaply?
As for ZIOC providing me with a Wendy house - yes it will but it will be encrusted with diamonds, rubies, emeralds and gold.