The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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?
Obviously alarm bells are already ringing or the SP wouldn't continue to sink. I remain confident. Something will turn up!
If I had any spare cash I'd be doubling my holding as the chances of ORR rocketing far exceed it going bust. Have faith!
Brilliant!
I am also very surprised the SP hasn't moved higher today - I would've expected it to at least double after such positive news. And the volume is very disappointing too. Could it be that anyone who ever thought ZIOC was worth investing in did so many years ago? With hindsight (and with an average of 6.9p), all my years of holding Zanaga shares have been a complete waste of time - I'd've been better off waiting until today and then buying even after the 20% rise! Of course, a takeover offer could've (should've!) come out of the blue at any point over the past decade and had I not been invested I'd only have myself to blame. Maybe the muted response today is down to low expectations? Only recently my hopes for a jackpot with IIP were thwarted after things didn't quite go according to plan - I made a profit but was expecting 10x more! Will be happy with 100p for my ZIOC shares but remain prepared for huge disappointment. GLA
Thank you Coyote2020 for that link to TIR which is a good read: "The period under review has suffered from what is probably one of the worst market scenarios I have witnessed during my years in the natural resource sector. " It's interesting that out of their 10 holdings only 1 is in profit and their worst performer is down 98.5%!
"The Board's focus is to deliver the news that will push the share price higher and more accurately reflect the underlying value of the assets." One day, ORR will be the top performing share over the previous 6 months assuming the BOD delivers which I believe they will. Expect the unexpected!