Member Info for beardozer

Looking forward to ORR emulating OMI's cracking performance over the past year: up 922% compared to ORR's 28%. Slightly surprised that yesterday's Greenwood report hasn't had a far more positive impact on the SP but, then again, this is ORR, the share thirsty horses refuse to buy!

Chalk and cheese but I do hope ZIOC manages to do better than TET who are being taken private at a mere 16% premium to the SP. It's a jungle out there.

I don't want to get into an argument with you but while I was being facetious about doughnuts you are being disingenuous about share consolidations.

"Consolidation always increases the stock price due to less shares in circulation and same market cap, the fact is that its necessary for new institutional investors to come on board usually- hence its always a positive thing for a company with nearly 4 billion shares in circulation."

It is not ALWAYS a positive thing - it's usually done from a position of weakness and I've been invested in several companies which subsequently went bust. Yes, the SP rises due to the consolidation but the shareholders are no richer.

" In regards to share buy backs its stupid even mentioning with a stock like this, will probably never happen." So some topics are worth discussing more than others? Good luck with that blinkered approach! Besides, it won't be too long before ORR is generating huge amounts of cash.

Gus0 - share consolidation and share buyback are two completely different things. Consolidation is usually done for negative reasons - needing to increase the nominal SP in order to issue more shares which is not good for existing shareholders. Very often the SP drifts below the consolidation price. Buyback is usually done for positive reasons - increasing the actual SP in order to reward shareholders. In fact, I can't think of a negative reason apart from the argument that the money would be better employed growing the company and I note hunniford's comments. Lastly, please define "market cap doughnut" which I've not encountered before.

Mayo51: "Interesting but what will they use to buy them back" hits the nail on the head! Obviously, ORR is not awash with cash at the moment but as soon as it is then a buyback would benefit shareholders.

hunniford: OK, no more criticism of the BOD from me apart from wondering where ORR would be now had it had more dynamic management. Incidentally, I have aired my opinions directly to the company and never received a reply - not even "Like us or lump us!" ORR is now my largest investment - almost half my PF - and I am keen to become a millionaire (for which I need an SP of 10p). GLA!

Nastynick: you served your country on whose orders?

Politicians who should've stood trial as war criminals?

Fact: far too many shares were issued when ORR was on the rocks.

Now the situation has improved for the better those shares should be bought back.

At the cheapest possible price as far as ORR is concerned.

But the buy-back overhang should make short-term profit-takers think twice.

If nobody had taken profits where would the SP be by now?

Certainly over 1p.

Hi spks! No, I don't think anyone is expecting any good news here especially after Elphick sold 2.46m shares @ 7.39p. Admittedly, it's only a fraction of his entire holding and his woes at GEMD might have something to do with it - who knows? With ZIOC, there is endless buying yet no rise in the SP. Very strange yet the authorities ignore it. Hopefully it will come back to haunt them if/when they are held to account. There are 4 possible outcomes here: 1. ZIOC is taken private and LTHs are left to fend for themselves. 2. ZIOC is taken private but a derisory exit price is offered to LTHs. 3. ZIOC puts itself up for auction and LTHs are very pleased with the takeover price. 4. ZIOC carries on ploughing its own furrow and any jackpot disappears into the mists of time.

But that ought to lead to a sharp rise in the SP as at least we would know where we are. 30p?

You made me laugh with your defence of the BOD! The fundamentals are what matters and the current BOD will be replaced in due course as this project is obviously beyond most of their capabilities. It's a huge shame but Rosser is like a tram driver who has no control over what treasures his tram passes over.

He has done nothing to discover the gold and what has he done to promote shareholder value since? All we get is rises being sold into which I admit is very hard to reverse but I'd start with a share buy-back programme as soon as income allows. Don't worry about all the warrants! If you're a LTH a gradual reduction in the number of issued shares is very welcome. Halve the shares in issue and the SP doubles! Apart from any developments in the real world.

It struck me that Elphick could align himself with small shareholders and thus prevent a 75% coup. It's swings and roundabouts and how greedy are the new overlords? Please let ZIOC be subject to takeover offers which could, in theory, be beyond our wildest dreams. Admittedly unlikely, but who knows? Without the company being subject to an auction we will never know its true value. Anyone or any entity attempting to prevent such an auction is not acting in all shareholders' interests.

HungryBadger needs to change his behaviour before it bankrupts him! Whereas howezap's OCD is barely noticeable. Good luck to both!

SP up and down like a bride's nightie recently. I paid 0.70p and wish I'd waited. Extremely high risk but listed on the Main Market and in Australia so I hope they make a full recovery.

Other shares to take a look at: HREE as long as no lemurs are harmed. I think they'll be OK.

Looking back, how was that valuation ever reached considering how many mountains needed climbing?

DowntoEarth: up to a point! Elphick made a lot of money when ZIOC was listed at multiples of the current SP.

My latest investment was in PYX which appears to be the victim of extremely bad luck.

Consequently it's lost 90% of its value over the past year if figures can be believed.

Listed on the Main Market and in Australia it's suspended production of mining sands in Indonesia after a litany of adverse events.

The spread can be ridiculous - buying can lose you half your money instantly!

TOM with brass knobs on! I invested £565 which is the most I'm prepared to risk yet I have almost £9k invested in TOM.

I'm tired of thirsty horses! ORR fundamentals indicate the SP "should" be much higher. Meanwhile, profit-takers prevent the SP from rising after which they'd make more profit! Wise words from Janiax but surely somebody at a major miner would notice ORR's results? Wouldn't they recommend the major buy a few million shares? Any loss could be offset against profits elsewhere so what have they got to lose? At the same time, why aren't funds building a position in ORR? Kutzzz made me laugh with "I tend to stay away from the board when the herd arrives." Just the time your knowledge is needed!

BeardedDragon: "And yet the SP continues to fall on a regular basis. It now ranks as one of my worst buys this year." Timing is everything and buying after a substantial rise is often not a good idea. ORR tends to spike investors so my advice is: be patient. Over 1p by Xmas or I'll eat my hat! Possibly 2p, even!

And I'll still be holding, not folding as my target is 5p.

Elphick's other company goes from bad to worse but I assume GEMD's woes won't impact ZIOC. In fact, why does he continue to bother with a company that appears to have lost 95% of its value over the past 4 years? Money for old rope.

Net debt is 3.43 times Mkt. Cap. - £21.06m versus £6.14m. Are they doomed?

Aim999: could it be far fewer tourists are visiting America these days? Why run the risk of being instantly deported?

Don't you think that someone attempting to crystallise half their holding by selling 50m shares would crash the SP? And, if you are a LTH, what name did you post under prior to opening your new account on 31 August?