Member Info for beardozer

Why do I get the impression you're a typical narrow-minded, unimaginative American - not a criticism, just an observation.

Please correct me if I'm wrong. Just to be clear, I wasn't expecting a hedge fund to finance the Zanaga Project!

What I hoped for was some kind of entity forcing the SP higher and the higher the better!

With a real risk of ZIOC being taken private by ne'er-do-wells, a higher SP is the last thing they want to see.

As to the size of the free float, you appear to have completely missed my point (unless, of course, multi-million shareholding LTHs have indeed left the building but I don't think they have - we've all waited long enough not to give up at the first fence/sign of trouble).

ZIOC could have easily been "the next great 10-bagger baloney" except the RAM raiders gate-crashed a non-existent party (as far as we know).

As for MM - he is a very unpleasant entity who posted terrible replies to punters who dared to disagree.

As for extrader - I'd trust him with my life!

He's neurodivergent just like me and people like us tend to get obsessed and ZIOC appears to be his high horse and good luck to him!

Aspies have an extreme sense of justice and are always honest: not just very - always! The extremely obsessed MM is also probably autistic but also infinitely nastier than the average beardozer. I tend to have a series of obsessions and, ATM, investment isn't one of them but, obviously, I still have a PF to manage but it's reduced to ZIOC, TOM, LOGP (suspended) and HAMA (warrants). Highly concentrated but I could've done even worse over the past few weeks.

My current obsession is Len Deighton novels but I can feel myself losing interest. You've read one - you've read them all - much like Billy Bunter. Only wish I could get back into Chinese cookery but something's stopping me. I cooked amazing meals 8 years ago and my son keeps asking "Can't we have Gong Bao Chicken?" but something prevents me. "Just get on with it!" doesn't solve the problem whatever it is.

"No pension fund will buy ZIOC as market cap is too small." - I was thinking hedge fund rather than pension fund and market cap "ought" to be multiples of where it currently is! It's very depressing that hedge funds see no value here.

"As for so few shares in public hands, I think you might be deluding yourself in thinking this. " - ZIOC website states 42.51% of shares N.I.P.H. and I would argue a similar percentage is held by PIs with sticky paws. Unless, of course, they've all sold out!

"ZIOC needs a big balance sheet backer for this mine to ever produce. That is costly; that is why the offer amount appears so low to everyone here. For all we know, maybe it is a more than fair offer given so much more $$$$ required to bring into production." - Sort of agree but it's a shame the RAM raiders had to be quite so greedy.

As for capitulation: I sold 4% of my holding this week and banked a 28% loss in order to apply for more shares in LOGP - a company that certainly does know how to look after its LTHs. GLA!

Very few shares - far too many applicants - hardly worth bothering!

Not me but my shares are held by ii. Any official approach would be through them. Be wary of scams!

Just for the helluva it, isn't there a fund somewhere out there which will start buying ZIOC shares? Get the SP over 15p and the RAM raiders would have even more questions to answer. It wouldn't take too much buying to move the SP with so few shares in public hands. All we need is a renegade fund manager who recognises a no-brainer when he sees one. If even the smart punters won't touch ZIOC with a bargepole then it really is all over! New NPV ought to raise RAM's offer but we're not dealing with gentlemen. Apart from that, where does "The Board remains focused on progressing towards a Final Investment Decision in 2027" leave any of us?

Got a funny feeling TOM will be # 1 Top Riser fairly soon after shenanigans in the back room.

A classic case of investors losing interest just before the SP erupts.

We'll see. Fairly soon = by end of September but WTFDIK?

Torturing monkeys has no place here.

Welcome back allthatguff! As always, you have put your finger on the pulse. What I continue to not understand is the UT trade. I've researched all I can and I still don't understand. Yesterday the UT trade had a volume of 160 shares and decided the SP was fractionally down to 4.94. This despite sells of 38,924 being dwarfed by buys of 319,644. Looking ahead to next week's local elections I am furious that I only have the usual choice whereas in the neighbouring division I could vote Communist! True communism is a wonderful thing but, much like heroin, it has been endlessly adulterated. Was it Cuba where all the housing was nationalised? You bought a property from the state and you sold it back to them. As for "I think 50p would be on the low side of acceptability " be grateful for small mercies! If there's only one bidder @ 50p bite his arm off! We don't have the luxury of whether or not any offer is "acceptable".

A bit less than we were all hoping for is more than acceptable! Time is money and this is dragging on for far too long.

"How can today's buy in price not be an excellent bet?" When is a door not a door? It would be so nice to wake up one morning to find ZIOC # 1 Top Riser up 906% after the cavalry arrives with a 50p takeover offer. Alternatively, is the SP heading sub-4p which will leave the overlords underwater? Is it all part of their cunning plan? Has any other company ever had a wider gap between SP and NPV?

Interesting quote in the current issue of Investors Chronicle: "AIM is an inefficient market in which high-quality assets can be grossly mispriced" - Laurence Hulse, aged 33, founder of ONWD, an investment trust that invests in AIM companies and trades at a premium to NAV. Sadly, they don't appear to find ZIOC worth investing in!

Be fair vauch! There has been some progress - the BOD now includes a Valkor man and the logical next step is an RTO but WTFDIK? Hopefully an RTO won't penalise LTHs like me. You win some, you lose some. I originally invested many years ago on the grounds it was a binary bet: if oil was ever produced it was a multi-bagger! Not a brilliant strategy but sometimes it works and I'm allergic to steady growth! GLA!

"Very little about this stock passes the sniff test" made me laugh! By now it's rancid, surely? But without the RAM raid where would we now be? Almost certainly a higher SP but what else? Predators had plenty of time to express interest in acquiring ZIOC - maybe they did and we never got to hear about it. I'm sure I read somewhere that BODs don't have to report every approach. Regardless, I have yet to give up all hope which means a 60p takeover offer buys me an amazing Art Deco property with a hammerhead garden in Nottingham. Not ideal (or is it?) but £500k is an absolute bargain unless it needs major works.

In the same area I like the look of a strangely-shaped 4 bedroomed semi @ £200k which needs money spending on it for which ZIOC needs to provide 30p.

it doesn't seem unreasonable - not that long ago LTHs were arguing over how many £££s ZIOC would provide - who'd've thought we'd end up talking pennies? Possibly fractions of a penny the way things are going.

"less than a small front pocketful" is a strange phrase! As I see it, the RAM raiders are praying for a higher offer yet extrader assures us it is extremely unlikely to arrive . On that basis, the RAM deal may well be pulled because it was all mouth and no trousers. Alternatively, why wouldn't they steal ZIOC for a pittance? Somebody will help them to pull off the perfect crime. Meanwhile, RAM have done nothing illegal so why would the authorities become involved? Particularly if there are no other offers. I rest my case. P.S. pleased to hear G_G_G is thriving. Was he an extrader alter-ego?

I could certainly do with an alter-ego - a year ago beardozer's property search kept my spirits up but these days I have almost lost hope. Except I always expect the unexpected (which has certainly happened for ZIOC investors) but not knowing what form it will take makes dealing with it impossible.

After thinking about it a bit more: who needs a queue? Maybe a handful of big buyers are taking positions and buying at bargain basement prices. Of course, if they're not carpetbaggers after a quick buck they could be RAM raiders increasing their % .

MaverickD , your enthusiasm is commendable but "like I have repeatedly said even the ‘bad’ deal will get the SP to a 15p valuation" is somewhat misleading.

There can be a huge difference between valuation and price or they can be one and the same but there are certainly no guarantees. RAM can value ZIOC @ 15p but Mr Market may well disagree. What's more relevant is the 11p special dividend should the deal proceed - that offers a 100% return from here yet the queue of new investors is noticeable by its absence. Anyone would think it will never happen! No idea why but I'm reminded of psychological experiments in the past where people were offered banknotes in the street and refused to accept them!

Mr Market has always taken a dim view of ZIOC but now we're really in extended bargepole territory - unjustifiably IMHO but WTFDIK? Obviously not enough or I wouldn't be in this mess. Is that unknown 500,000 trade a sell by a LTH giving up all hope? I'm a very LTH and I'm not giving up - in time I must emerge with a profit, even if ZIOC is eventually taken private @ 15p. What a terrible end to the Zanaga Story - I would've thought there'd be a queue of major miners (or even minor miners) willing to offer peanuts for ZIOC. Just one cheeky offer of 20p might open the floodgates or maybe not. Can you provide any hope, extrader? If you et al succeed in having the RAM raid annulled and there are no other offers - what then? And while I'm here - whatever happened to G_G_G? Last post 13 March - has he reinvented himself or did his wife put her foot down after he bet the ranch on ZIOC? Or was he just another pumper?

Sadly, this week, I was a forced seller: needed cash so sold 20% of my holding and banked a 34% loss. The cost of living crisis can only make things worse for AIM. If Capitalism continues to raise the cost of everything while depleting the value of income we will end up welcoming a Russian invasion - could Putin make a worse job than Labour of looking after the disadvantaged? Making the UK a Russian oblast would be really interesting assuming the rest of Europe remained uninvaded.

"australia’s richest person is reeling after a landmark court decision found her company must pay royalties worth hundreds of millions of dollars to a rival mining dynasty.

gina rinehart, a multibillionaire with political connections in both the white house and the australian parliament, has been described by members of the us conservative movement as “a female donald trump”. the 72-year-old, who inherited her father’s iron ore empire in australia’s pilbara region, has fought multiple claims against the family company han**** prospecting that were first launched in 2010.

on wednesday, in the western australian supreme court, justice jennifer smith found that wright prospecting was entitled to its claim for a half share of royalties coming from one of the region’s largest projects – hope downs."

echoes of ram vs lths - shame about the long wait for justice.

So far, nobody has advised thestonedrose to run to the hills!

Arkham: I can only agree with you that a 30p offer right now would be preferable to the RAM deal. It would be extremely disappointing but, in the absence of a higher offer, acceptable. My average is 7p so a 330% return for waiting 12 years - not brilliant but you win some, you lose some. When I first invested in ZIOC it was a binary bet so at least I'll emerge with a profit God willing.

allthatguff: I do wish you'd accept the situation as it is and actually answer the original question instead of moaning! One minute you're saying "RAM will not do anything much for you" and then you say "RAM will take most of any massive upside as its own gain". Which would also benefit all other shareholders! It's back to the old argument about 12.5% of something is worth a lot more than 100% of nothing. All we need is a higher takeover offer and there's still plenty of time before the end of June except I suspect it would've arrived by now if it was coming but WTFDIK? Expect the unexpected - something to blow the RAM raid out of the water while coming from a very surprising source. A nod's as good as a wink to a blind horse you can lead to water but can't make him drink. We'll see.

I didn't expect the silence to be quite so deafening and I'm not sure being educated helps anyone who finds themselves in this situation. In my opinion the shares are well worth holding as even under an almost worst case scenario the upside is between 100% and 200% from here. Best case scenario could be 1500% to 2000% but what are the chances? Obviously, worst case scenario is that ZIOC loses its licence and then the shares are worthless. As I see it, there are 3 possible outcomes:

1. RAM deal proceeds and SP steadily increases over the coming years but I have no idea how soon it would hit 100p which is what I was hoping for.

2. RAM deal fails or falls apart which leads to ZIOC being taken private around 15p.

3. 100-1 outsider: Higher Takeover Offer and everyone's more or less happy (in theory Communism works).

At your age I think it's well worth remaining invested and if the mine is ever operational ZIOC could be a superb long-term investment even under the terms of the RAM raid. HTH