Member Info for beardozer

Filling your boots at this price would appear to be a no-brainer considering how much iron ore each share represents. The fly in the ointment is whether or not ZIOC attracts an acceptable takeover offer. Are they even looking for one? So much talk about "strategic investors" which could mean anything. The alternative is they go it alone and the jackpot is exchanged for a steadily rising SP over the next few years interspersed with the odd placing. I presume frustrated jackpot-hunters like me would exit as soon as they can bank enough profit, bearing in mind how many years it might take.

Since the annual CGT allowance was reduced to £3k government coffers are actually worse off.

COR has fallen in value. I remain invested on the grounds it's crying out for a RTO - we'll see. Hopefully Peel Hunt have one lined up. Maybe 100% upside but WTFDIK?

Time to start thinking the unthinkable? I dunno.

Here's you previously

"I thought new ownership, new way of operating and communicating with the shareholder base and market, hope my negativity

is waylaid by excellent updates very soon." No. it's even worse than same old, same old. Admittedly the SP has risen after 4 decent buys but it won't last!

Lanstead finally exits while new investors attempt to ride the wave which may not be there! Yesterday I increased my holding and paid 0.1985p which was too much too soon. Obviously, when the SP hits 1p it will be neither here nor there. If Rosser continues to not seriously invest in his own company he needs to go! It's up to him! If he has no faith in ORR being eventually worth 5p per share he is wasting everyone's time. It won't look good on his CV which is why he'll hang on as long as he can in the hope things can only improve. ORR deservers better! With more dynamic management ORR could be huge. So make a start!

No mention of jackpots for beardozer and all the other long-suffering shareholders. In fact, could "as we work to further actualise the extensive potential of the Project" translate as "make plans to buy a shovel"? Are they even capable of organising a celebration in a brewery?

"'Mr Market' will be the last to know, as is customary." Up to a point, Lord Copper! ZIOC remains a 21st Century Schizoid Company with LTHs looking forward to a life-changing event while it's mostly in bargepole territory with the average PI.

"Glencore exited - Offtake returned to the Company and AVAILABLE TO BE MONETISED."

Yes, they gave 20% away in exchange for investment.

"Objectively, that suggests to me that the 'now' objective is sale, rather than Project implementation."

How do you draw that conclusion? Mr Market has never indicated that a sale of Zanaga will ever occur. Hence my pessimism. Assuming they decide to go it alone what news will increase the SP and by how much? Hopefully, any placing will be at a premium! It's not what any LTH signed up for so I hope I'm wrong.

Congratulations on holding a share for 15 years! I've been holding ZIOC for 12 wasted years. Far less for TOM but I'm still down 50% which could turn into a profit at any moment. I'm not selling while there's the slightest chance of a 100-bagger. Even a 200-bagger isn't impossible.

You'll either succeed beyond your wildest dreams or crash 'n' burn! Or end up somewhere in between which would be an achievement as most PIs get wiped out sooner or later. It's all about percentages and not losing money. My advice would be to start small and see how it goes. If it goes well then transfer more capital into your portfolio. Eventually you'll get a "feel" for what works for you and how the Market works. Good luck!

Try reading a few books about Investment.

Welcome back allthatguff but how soon are you planning to leave again? Since you quit I sold 26% of my holding which, so far, wasn't my best call. The SP rocketed on 4 decent buys and they'll soon be showing a loss if the SP drifts down which it almost certainly will. I'm no longer expecting a takeover offer which means no jackpot. Instead, ZIOC will plough its own furrow with the help of one or more "strategic investors". Still huge upside but spread over far more years than I'll be here. I hope I'm wrong! And I hope the other irons in my fire don't disappoint or I'm really up the creek without an outboard motor.

...yet we're down 1.65%? It's going to be an uphill struggle to get the SP where it should be. BOD buying lots of shares would help! What more can LTHs do having over-committed already? If Lanstead's exit doesn't lead to a substantial rise in SP then there's something very wrong. Simple answer: a takeover offer would solve all our problems. Goodbye 50-bagger, hello 4-bagger. Later, the canny predator won't believe how many millions of ounces of gold they bought for a measly £32m. Should another company buy ORR I will definitely be investing in them.

# 89 Top Riser today! The first step towards the 1p I'm hoping it will be by Xmas, with or without Rosser . As for shareholders getting ahead of themselves, we are perfectly entitled to criticise ORR's slow progress. If ORR were a lifestyle company (perish the thought) it's in the BOD's interest to take a leisurely approach. At least Eileen's 5.05% interest aligns with other shareholders who are seeking a faster return on their investment.

According to Google Finance it's up 7.32%.

I think EST and HREE are worth a look - good luck! Possibly COR and SNDA - both could either go nowhere or double your money. Much like most shares! I have high hopes for ORR and TOM but, so far, both have been huge disappointments. Just like ZIOC!

TOM has almost always looked grim! However, as an eternal optimist I prefer to look on the bright side and there definitely is one (just about)!

Key point: "Greymont Bay, as a cornerstone investor in ZIOC, subscribed for equity in the company. As a condition of that investment, ZIOC agreed to allocate 20% of the iron ore production’s marketing rights to Gulf Iron and Steel (GIS)."

So it was necessary in order to attract Greymont's investment. I hope this storm in a teacup doesn't kick the can down the road even further. And, yes MM, you are embarrassing yourself with the "ad hominem stuff".

Why not? It won't take much to turn this around - famous last words!

Step forward Martin Rosser - you must agree you haven't made much of an impact so far!

And you haven't invested significantly in your own company despite it being described as "undervalued".

So either resign or buy a huge chunk of shares!

Sorry to be blunt but I think your resignation would double the SP so buy the shares before you resign!

On the other hand, if Martin Rosser was the best man for the job ORR could find what does that say about ORR? Is it capable of attracting a big-hitter? Yet again, someone with a successful background taking charge of ORR would raise the SP. Unfortunately, Alexander Mining will forever taint Martin Rosser's CV so it's a mystery why ORR employed him. ORR has festered in the doldrums long enough - onwards and upwards! I want to see an RNS announcing Martin Rosser departing to pursue other interests. Then we can aim for the moon!

I would advise nobody sell their shares and see what happens! Nonsense, of course but I've sold several tranches on the way up and all were below the current SP so, obviously, I wish I hadn't. I've never been invested in a company like HAMA before - it's not hard to see it becoming the new GGP or multiples of with the bitcoin ingredient. I'm inclined to stay invested from now on and if other investors follow suit the rises should get higher and higher. A possible once in a lifetime opportunity but WTFDIK?