Member Info for beardozer

Respect due for taking a very painful decision. Fortunately my average is 10p but even I'm considering reducing my holding except I'm a great believer in sticking to fundamentals and expecting the unexpected. What other share is offering a possible 4000% return? Or even 1000%? If it takes a year or two it's still a good investment.

Post-Brexit this will rocket. Only today my postie delivered an Amazon parcel without all the problems I've encountered with previous deliveries from other companies. Amazon refunded two deliveries I never received which multiplied by hundreds of thousands must be costing them a fortune. Whereas posties know their area and don't make mistakes.

ERIS is ridiculously undervalued and the small number of shares in issue will only make the rebound even more spectacular. But it could still take years! At the moment there's no appetite for investing in holes in the ground which I think is incredibly short-sighted. Don't follow the herd! I'm expecting at least a 10-bagger here but don't ask me when!

I'd rather believe destitute's postings than yours! And any idiot who thinks he's trying for the lowest possible entry is delusional. While destitute is posting negative opinions and driving punters away others are buying significant stakes in PXOG. If you believe in Fundamentals then PXOG is a prime candidate. If you think AIM companies are run for the benefit of the Directors then steer clear!

A bad week for ZIOC but they're not the only commodity company where whatever's underground is valued at
a tiny fraction of what it's worth. Or even less. We've been here before with commodity companies yet Mining was the top-performer on the Stock Market yesterday. Place your bets! Surely the Directors are as keen as the rest of us for a quick sale? Nobody expected we'd have to actually mine the stuff! Hence the sudden exit! I expect the unexpected - a deal with a Chinese company at a huge discount to future earnings but I'll be happy with 100p. Except that won't please GLEN or would it? Discuss.

Yes, why is "jam tomorrow" always so underwhelming? I'm no expert but from the figures supplied in the RNS a future Mkt. Cap. of £1bn looks achievable. That would equate to an SP of 353p but, of course, it could take years. Even so, an SP of 9p now does look incredibly cheap. I'm surprised fund managers with a long-term view aren't piling in - 500,000 shares for them would be pocket-money. Surely ZIOC is worth a punt for a 4000% return?

"We believe that Abbeytown has exciting potential with many advantages and is significantly undervalued with respect to the Company's recent share price performance."

You're doing a grand job preaching to the choir but until we're out of the EU this is going nowhere. Any decent PM would've honoured a commitment to No Deal being better than a Bad Deal but what does anyone expect from this deranged woman? Does running the country drive them all mad? The UK is a laughing stock but it didn't have to be like this. Leave the EU on 29 March with No Deal and watch the EU come crawling.

I'm sitting on a 53% loss even after averaging down which I wouldn't advise anyone else to do.
It's a shame I didn't sell after declaring Too Little Too Late!
Fortunately PXOG is not a major part of my PF and I have previous experience of phoenixes rising from the ashes.
Any oil exploration company is Extremely High Risk whatever impression is given here.
Except PXOG does have revenue-generating assets which haven't impressed the Market so far.
The problem with AIM shares is the current lack of appetite for risk. I say that despite the ups & downs with various shares which are the result of social media comment. No doubt PXOG will also feature sooner or later. Which will provide an opportunity for previously spiked shareholders to offload. It's an endless cycle only broken by unexpected news or Director Buys. DIRECTOR BUYS! Are you listening? PXOG doesn't have to be this cheap!

...this was ever worth 742p but 187.5p seems too cheap particularly as my average is 230p!

Are you still a shareholder? There's been a lot of negativity here lately despite the company making progress. But if they buy another asset before developing what they've already got I'm outta here! It's starting to remind me of PREM (other AIM lifestyle companies are available).

A 10-bagger within 5 years? Hopefully two. Very few shares in issue and backed by not one but two major operators.
When have so many holes in the ground been so cheap?

Very. I've been invested for several years and I'm £950 underwater when I should be £170k up! And that's with £1 per share when we all know ZIOC's worth multiples. But we also know PIs will never see the true value. It's a shame the days of Chinese companies outbidding each other so as not to lose face bypassed ZIOC.

I hope you're very very wrong about "something being very very wrong here". But you may be right! After the post-placing plunge I increased my holding by 51% which reduced my average from 0.48p to 0.39p. Next day the SP actually rose after what appeared to be hefty buys but maybe they were forward sells? Unlike most oil exploration companies PXOG is generating revenue however little but there's more to come. If I had to invest in 3 companies and not touch my investments for 5 years I'd be holding PXOG, ERIS & ZIOC. Let's hope I live that long!

Even after its recent duster and consequent bloodbath RMP is still valued at 60% more than PXOG! Can't help thinking some Director buys would do wonders for the SP here.

Elsewhere it's down 21% although, interestingly, most "sells" are buys.

Where do all the sellers come from? A quick 10% profit and they're away but I don't recall seeing them all buying!
And with only 31m shares in issue ERIS ought to be # 1 Top Riser after more than a dozen buys.
I'm determined to stick to Fundamentals: several holes in the ground must be worth multiples of the current Mkt.Cap.

Expect the worst - sub-5p? Tides ebb and flow and the Market can always last longer than any investor can stay solvent. If ZIOC is such a bargain why is the SP where it is? Why aren't people with £billions to spare not taking us over for pocket money? All I can say is: Keep the faith! No relation to Northern Soul.

Unfortunately the average profit per store is less than £100 per week! An army of determined shoplifters could easily turn profit into loss and ram-raiders can only make things worse. Kicking myself for losing patience @ 56p a couple of weeks ago just before the recent surge. Am I genetically programmed to lose faith in my own research just before I'm vindicated? The problem is that a few bad sell decisions can cloud future judgement. Any good sell decisions (QUIZ) soon fade from memory. But if investing was easy we'd all be billionaires without a mountain to climb.

Couldn't help increasing my holding by 23% this week @ 5.4p. Mkt.Cap. is seriously adrift of potential profits and there are so few shares available. It's been a victim of a few pump'n'dumps in the past but when there's some revenue to report this has to be a multi-bagger.