Member Info for beardozer

"In 2012, he sold Xstrata to Glencore (LON: GLEN) and ventured into setting up X2 Resources, a mining fund that was unable to score any deals in the three years after launch. " Makes me wonder why I ever thought investing in a hole in the ground in Africa was a good idea! But I am also invested in many other holes elsewhere. Surely, sooner or later, Commodities will really surge? A "sudden powerful forward or upward movement" will certainly heal my PF's wounds.

I think you're very confused! We are in a bubble which can only pop! Far too much money chasing too few assets leads to secondhand Dacia Sanderos selling for more than a new one! Unbelievable... What I wonder about is the car the buyers are selling in order to pay over the odds for their new motor. Any sensible buyer of an iron ore project would not be buying while prices are high. But that's not to say iron ore prices won't bounce! Come on Glencore, do something!

For some strange reason I'm suddenly feeling very optimistic about LBE! £10 by Xmas 2022? I can dream...

Lots of buys or lots of sells appear to have no impact on the SP! Don't worry about it! Warren Buffett was happy for the Stock Exchange to close for 10 years after he'd invested! He talked a lot of rubbish!

Print $trillions of money which is instantly removed from the system by a Stock Market Crash.

I share your bewilderment with the Market! Take nothing for granted these days. A few months ago I thought about investing in Uranium shares but didn't - another bad call! If MoneyWeek is to be believed, high inflation is here to stay which would imply higher interest rates except I think they'll just keep printing money! We are heading for the Crash Of All Time and I think commodities are the place to be invested but maybe I'm wrong.

Ludicrous Mkt. Cap. and very few shares available have not led to a 100% rise in the SP but I'm not losing patience just yet.

What if SUPP sell their holding in Oxford Nanopore as part of the IPO or exit shortly afterwards?

The time period is dependent on the Oxford Nanopore IPO and the following calculations are taken from the back of an envelope and ignore SUPP's discount to NAV. Current Mkt. Cap. is £298m and SUPP own 4% of Oxford Nanopore which is 25% of their portfolio. So £298m x 25% is roughly £75m. Which implies Oxford Nanopore is valued at £1.87bn which is out of date - it's more like £2.3bn. The forthcoming IPO could value it at £3.4bn or maybe higher. If it hits £7bn post-IPO then SUPP's £75m holding would be worth £280m. That £205m increase would make SUPP's Mkt. Cap. £503m, an increase of 68.79%. Hopefully that would make SUPP a more attractive investment and it's discount to NAV would shrink so a 75% increase in the SP is not impossible. Obviously, if Oxford Nanopore's IPO is a flop my projections are very different!

For the umpteenth time, ZIOC is a binary bet! I've been invested for many years and, regretfully, nothing has changed. And I'm down almost 50% but **** happens. Meanwhile, the ore remains in the ground and the price of Iron Ore has plunged which ought to make buying the Zanaga Project more attractive - it was never going to attract buyers while the price of Iron Ore was high. On top of that the Aukus Pact ought to worsen Sino-Australian relations so China will definitely be looking for more iron ore from Afrika instead of Australia who are now the enemy with nuclear submarines. Silver lining is France losing face and £billions of contracts which serves them right! ZIOC Management have as much interest as shareholders in a positive outcome. ZIOC SP 10p by Xmas? Probably not as Mr Market has written it off so more likely to be 1p when I will sell everything to invest 100%. Maybe I exaggerate but I called PXEN correctly and only wish I'd bought more and didn't sell so soon! My current short-term hopes are LBE, ROCK, SUPP and WRES. Long-term KP2, BRD and TWD. ZIOC could take another 10 years by which time it will be 1% of my PF and not worth worrying about. And I'll probably be dead. Let's hope mortality preys on the Management's minds as much as mine!

You should've opened an investment ISA a long time ago! But also bear in mind that any losses within an ISA can't be offset against any gains outside it. For my part, I've Bed & ISA'd any holdings I think will explode to avoid any future CGT. You might want to maintain a trading account in order to make use of T+20s etc.

KIST hit 300p this week while LBE languishes... I backed the wrong horse! 200p by Xmas?

I think you mean "out of kilter" but all shareholders are right to stay tuned.

You can be TOO cautious! And how exactly do you measure the hype: substance ratio?

SUPP up 8% while IPO down 5% where investors are apparently shorting it! SUPP must rise at least 75% from here and I have plans where to invest my profit! A 67-bagger if anyone's interested. DYOR

Who cares about O/T? Obviously World Politics have an impact on ZIOC. I read something in today's Telegraph about Afghans feeling safer under the Taliban because the US wouldn't be bombing them and claiming all the dead women and children were Taliban related so that made it alright. As for ZIOC who cares what the SP is? In it to win it!

Interesting article by Michael Taylor in MoneyWeek about all the different biases - it's scary! Best advice: decide your strategy before you buy a share and stick to it! Afterwards you're not at your best!

TWD reminds me of TSTL many years ago which I sold @ 23p and now it's 600p! Totally bonkers valuation for a company that's not making that much profit but investors seem to be backing World Domination. It would be great if TWD's technology was also on the verge of dominating the world which implies an SP of £61.95!

I'm glad the Serious Money has arrived as I was beginning to lose patience which always costs me dearly!

You make a good point about the reducing spread! Yesterday's SP rise was very disappointing after Buys to Sells were over 5-1.
40p by next Friday wouldn't surprise me as both SUPP and IPO will be in demand for their holdings in Oxford Nanopore which I think is worth north of £7bn. 4% of £7bn is £280m which is almost the current Mkt. Cap. of SUPP.