Member Info for beardozer

Apologies to shaun86 for deciding I don't owe him an apology after reading "maybe you need to rethink your investment and look at other shares you might be more confident holding." How perfectly that fits in with larger holders attempting to get rid of smaller holders. You'd certainly want to keep the SP as low as possible if you were planning to take ZIOC private at the least possible cost before selling it for £billions. Damn those 1m buys which sent the SP up and lured allthatguff back into the fold. If those 1m buys were from larger holders it fits in with my analysis. If they weren't then maybe somebody knows what they're up to (in both senses). Assuming the number of shares in public hands were to reduce to 10% then the miserly big boys could afford to be relatively generous and also escape scrutiny (what scrutiny?) by offering 50p per share when the SP's sunk to 3p. Much better all this is out in the open now and any entity attempting to pull the rug from beneath ZIOC LTHs knows it will have a fight on its hands. So much cheaper to do the decent thing and NOT screw ZIOC shareholders. And your reputations will remain untarnished. GLA! 50p by Xmas if Mr Market thinks a fair deal is in the pipeline.

It is a worry! I found this on my travels: "When GSH informed its shareholders that it was intending to delist from AIM, the minorities had no options – one shareholder controlled over 80% of GSH’s shares and he had requisitioned the AIM cancellation general meeting. The shareholder informed the GSH Board that he intended to vote against any proposal by the company to make a tender offer for its shares prior to the cancellation. Minorities were therefore left in a position where their shares would have no market and the option of tendering their shares to the company for cash had been barred. Although minority pressure won the day, “following consultation with the Board and stakeholders of the Company [GSH]”, the shareholder re-considered his position and indicated in writing to the Board his support of a tender offer prior to the delisting at a good price."

Also: "The general rule under the Takeover Code is that a shareholder who acquires 30% or more of the voting rights in a quoted company must make an offer to purchase all of the shares in that company. However, if that shareholder holds over 50% of the voting rights already, then he can increase his stake without restriction. A shareholder could own over 50% of the voting rights of a company because he owned that stake when it came to market or because he has increased his stake and obtained a waiver of the obligation under Rule 9 of the Takeover Code, allowing him to own shares equal to or in excess of 30% of the voting rights of the company without having to make a general offer for all of the shares in the company. "

I may owe you an apology, shaun86 and, obviously, I am very worried about my investment in ZIOC.

Let's hope what you wrote on 10 April comes to pass:

"I think we should be talking about pounds rather than pennies. We shouldn't have to wait much longer though as the formal bidding process is due to start in Q3." Correct me if I'm wrong, but "formal bidding process" hasn't been mentioned for a while. These days it's "actively engaging with potential partners and offtake counterparts." All I have ever wanted from my ZIOC investment was a pay day based on the value of the iron ore and that requires a takeover offer.

"Just because I don’t slag off the shares I’m in. I find it counter productive." I won't fall into the trap of asking you what other shares you hold but I'm still baffled as to why you only seem to comment on ZIOC and it's always from a glass half full perspective regardless of other shareholders' concerns.

"Rinse and repeat, keep taking the salary." Why not? Nobody knows what Eileen's ambitions are with her 5.05% holding - is she just hoping to double or quadruple her money? Supposedly, it's never wrong to bank a profit! I suspect she has high hopes but reality will intervene. i.e. ORR will be gone before it hits 1p. Just a feeling and it will be a good return - jackpots are for losers like me!

Not sure how many companies he works for under different names but he needs to say something about my last post. The same might apply to shaun86, another poster who never has a bad word to say about ZIOC. AIM is built on sand. It won't take much scrutiny for many companies to collapse. Hopefully, not ZIOC but WTFDIK? ZIOC appears to be skating on thin ice or the SP would be much higher! Very tempted to liquidate my holding but I still live in hope.

Agreed. GRL is allegedly a producing gold miner so the current Mkt. Cap. is a steal. Having invested this morning I'd like to think recent shenanigans are a temporary blip.

Pleased to see scrutiny of ZIOC top dogs, whether or not they're BOD. Very pleased that ZIOC isn't structured like Elphick's other company GEMD where an elite has creamed off the returns while ordinary PIs get the crumbs. Could it happen here? Quite easily. I'm expecting a very low offer which the BOD recommends in all shareholders' interests. Who knows who owns the takeover company which may have only been registered last week? It stinks!

The decent thing to do is offer a decent exit to all shareholders. Decent = 300p but what are the chances? I live in hope while expecting to die in despair.

"Wasn't it your father who died on a park bench while still expecting a Zanaga jackpot?" Rest assured I will haunt all involved - including MM!

In Starmer's Britain that's probably a crime but WTFDIK? Incidentally, I had to look up YMMV.

Up and down like a bride's nightie but there's always money to be made.

Having been invested in ZIOC for many years (and barely in profit) would I be worse off if , instead, I had made "an investment in a speculative uranium exploration company in Kazakhstan run by a bunch of used car dealers."?

"I thought I was going to be a millionaire on that stock" - sadly, I am under that delusion with most of my holdings!

Interesting RNS from GRL this morning: "The Company also notes that, at today's meeting, a former Chairman of the Company, Bill Trew, disclosed certain confidential information regarding the Company, in relation to, inter alia, an offer received by the Board in April 2025, which had been unequivocally rejected by the Board for a number of reasons." Some time ago I wondered about ZIOC receiving offers shareholders knew nothing about. What BODs hide behind is whether or not the offer was "formal".

Google Finance and ii both currently showing ORR up 12.2% as opposed to 3.66% on lse.

So optimism and pessimism are spread about 50/50. "The Company will integrate these updated results into its ongoing projects and plans, while actively engaging with potential partners and offtake counterparts" inclines me to agree it's "Goodbye, bumper pay day". For some reason I'm reminded of Fred Schwed Jr's Where Are The Customers' Yachts?, first published in 1940. In our case, it's Where Are The Shareholders' Yachts? It's a good read.

e.g. Mr Schwed comments on the detachment of the investor or speculator from the real businesses represented by pieces of paper – and “with these pieces of paper thrilling games can be played……this inability to grasp ultimate realities is the outstanding mental deficiency of the speculator, small as well as great”. Grasping ultimate realities has never been my strong suit.

Yes, it's LOGP! So much to look forward to on two fronts - can't wait for the compensation but I imagine the RTO will arrive before it. I'm hoping both will be profitable but WTFDIK? I had earmarked the compensation to buy me a new car as my Panda is 15 years old. Thought about buying a Dacia Duster 4x4 and I don't think that's a bad choice: a big dog would appreciate the boot and I could get in and out without difficulty.

Looking ahead, what will get the SP to 1p and then 5p? Obviously, Lanstead's exit and further proof that ORR is undervalued which ought to lead to punters piling in. As it gathers momentum it might attract interest from a bigger player but I'd prefer them to be offering a 100% premium when we're 5p. At 10p I bank £1m but how long will it take to get there? Hopefully not that long especially if POG goes ballistic.

I think more likely it's a late-reported sell as Google Finance showed ORR down 0.52% yesterday. Probably Lanstead but WTFDIK?

No, rest assured 40034427, you're not overthinking! More than a few "probing questions" need to be asked and why not? Meanwhile, the SP's up and down like a bride's nightie - only wish I'd sold when it hit 7p and then bought more shares later. As it is, I'm up almost 1000% and inclined to wait and see. This is an unusual company and very hard to value. Should the SP hit £1 then anyone selling at this level will feel very foolish.

Are you thinking 1000%?

LOL

Why is this board so moribund? I voiced my opinion over 24 hours ago and no comments since! Anyone's welcome to shoot me down in flames but apathy is the real killer. I would've thought Jackpot vs. Steady Rise is something worth discussing but WTFDIK? Or am I so out of the loop that everyone knows what's about to happen except me?