Member Info for beardozer

How big a diamond do they have to find to catapult the SP past £1? The current Mkt. Cap. is ludicrous and I am still not in profit! Grrr!

Yesterday's new 52 week low was followed by this morning's 135,184 buy which was the largest for a while. So far, today's buy to sell ratio is 170-1 yet the SP is showing as down 4.53% but it was ever thus. As always, ZIOC remains a binary bet which ought to feature in every punter's portfolio. If it did the SP would be a lot higher! The falling price of Iron Ore should make the Zanaga project more sellable but WTFDIK? While I think £2 is more than fair (to the buyer!) as a takeover offer I'd be happy to accept £1 just to get out of this rut. As Veteran10 suggests: come in Glencore, your time is up!

Very undervalued and I'm expecting sharp rises in tiny gold miners over the next 12 months as interest rates rise far beyond what everyone's expecting! And far beyond what the Authorities have in mind. Cue a Housing Crash or just keep printing money while food prices double every few weeks? Something will definitely hit the fan, sooner or later.

New management should make a huge difference and the price of gas is only going one way.

Why aren't shareholders in GLEN demanding shareholder value? The Zanaga Project does seem to have fallen down the back of their sofa... I have no idea where we go from here apart from a third party offering 50p per share (or far less!) to give most of us a profitable exit. Hedge funds must have looked at ZIOC over the years and swiftly lost interest. Alternatively, how about GLEN selling their interest? Whatever price it fetched would indicate what our shares are worth. Not that we'd necessarily be offered that price! Or would we?

...it appears I've got my research wrong but I still think SUPP could be the best way to play Oxford Nanopore's IPO. If both SUPP and IPO's portfolios are roughly 25% invested in Oxford Nanopore then discount to NAV enters the equation. Or does it?

Only me, extrader & 99icecream have posted lately. And Mining took a bashing this week. Not to mention all the crap about China... DYOR! ZIOC is a screaming buy if it wasn't so hobbled. Now 28% of my PF so if it goes belly-up I will be crying fewer tears.

You make some good points which are strangely reassuring! ZIOC is certainly "different"... My 4th largest holding PXEN is up 17% this morning after announcing a change of CEO but I can't see changing ZIOC's management would achieve much - rearranging deckchairs on the Titanic springs to mind!

ORR is incredibly volatile considering how many shares are in issue. That would suggest most are held in sticky paws like mine.
Sooner or later there's going to be a huge rise in the price of Gold and tiny miners will benefit disproportionately.

I sold 33% of my holding this week and banked a 31% profit. Other investors appear to have followed suit! Par for the course and we'll all be sorry when ROCK is £1 per share!

It's taken me several years to realise it but, at the same time, surely ZIOC is worth a lot more than its current Mkt. Cap.? Unfortunately, the value is locked away beyond the reach of ordinary shareholders. The comment about the top dogs making all their money with the IPO really hit me! Ever since they've done bugger all! Yet the ore's still in the ground. Can someone put us out of our misery? How about a hedge fund taking an interest? Only 26% of the shares are N.I.P.H. so there's plenty of scope to force some change. Apart from that, shame on GLEN for not offering £2 per share to buy us out - smiles all round! Particularly for GLEN who could double or treble that £2.

You do your research and I'll do mine! Good luck!

I now appear to be addressing myself! Rest assured I'm not clever or devious enough for "ultra-low-level ad-hominem" attacks. But I'm 100% sure SUPP will rocket because of its holding in Oxford Nanopore! Pleased to see it's currently # 22 Top Riser.

The 4,999 "sell" is actually my buy. I'm very surprised there's not more interest in this company. Only 80m shares in issue with 53.55% N.I.P.H. Expect fireworks if the herd ever arrive.

My Zanaga valuation? How long is a piece of string and which end do you measure from? Obviously, ZIOC is only worth what someone will pay but I don't think £2 per share is unreasonable. That values the company at £614m which equates to roughly 68p per ton of Iron Ore over the life of the mine (30m tons x 30 years). Iron Ore 62% FE is currently fetching £160 per ton! From the Zanaga website: "The Project team are progressing key value-adding activities on the project. These important preparatory steps will place the Project in a position to seek financing and progress to development when market conditions are favourable. " Market conditions for who? I think now is a great time to be selling an Iron Ore project but maybe not the best time for buying. As for Mick Davis, I agree he would be a huge asset to the Zanaga Project. In 2019 he co-founded Niron Metals which was involved in bringing Guinea's Zogota iron ore deposit into production. Shame he's currently busy with Vision Blue Resources. I wonder what his valuation of ZIOC is?

You've hit the nail on the head! Get it sold! How about a small ad in the local newspaper? "Iron Ore development project for sale. £2 per share o.n.o." It's ridiculous but I'd be interested to know what the highest offer is! Then put it to the shareholders instead of leaving us in the wilderness for years on end.

Over valued at 6p? How about 1p? I'd buy 10m shares! ZIOC has always been a binary bet and whatever the current SP, it's basically an option on the Zanaga project ever being developed. As for common sense? The ore's in the ground and eventually it will be extracted. As for ZIOC being a worthwhile investment? Again, it's a binary bet. All or nothing. It's currently 31% of my PF and I'm down 28%. I'm looking forward to GLEN surprising everyone by agreeing a mega-deal.

Woodford certainly wasn't "a complete idiot" but he did make some catastrophic errors. If only he'd structured his funds as Investment Trusts instead of Unit Trusts he would have avoided a lot of his problems. And made less money for himself short-term but probably much more long-term. There's an excellent book about him: Built On A Lie by Owen Walker.

Electric cars are useless unless you can charge overnight at home. Read too many stories about public chargers not working and long queues for the ones that are. Meanwhile, the hydrogen infrastructure is inadequate. Will common sense prevail? Almost certainly not but I remain invested. Trucks, buses and aircraft adopting hydrogen might help cars do the same.

Welcome aboard the good ship SUPP! If Mr Market ever realises what SUPP is really worth we could be in for a nice little earner!
Meanwhile, every day punters are selling.