Member Info for beardozer

I sold 25% of my holding and banked a 35% profit. We'll see.

I don't think you understand how companies are structured. AIUI a share buyback is when a company buys its own shares through the stock market and pays the appropriate price. To take ZIOC private I think an offer would have to be made to all shareholders and it could be derisory. GLEN's exit was at a derisory price and could be an indication that us plebs should keep thinking in pennies instead of pounds. Another reason why Mr Market rates the shares so low! He's been spot on so far! It's scary and a lesson to us all. P.S. GLEN's exit at a derisory price saved the rest of us a fortune! Or did it? Pay attention at the back of the class! Oh, sorry! I didn't realise you're a big boy!

One alternative is to take the company private and screw LTHs which someone mentioned before. No wonder everyone is keen to keep the SP as low as possible if that's what we long-suffering shareholders can look forward to. It's a jungle in here.

I am a bear but I defer to a lion. And lions spend most of their time dozing. Win-win.

And where has Shard plucked that figure from? And still the SP is way below 60p. What I want is a quick sale of the whole caboodle which means I wouldn't be averse (as if what I think matters) to a 75% haircut which equates roughly to being offered 180p per share. Which illustrates that a 16% reduction in haircut equates to a 200% increase in the exit price which would make us all happy. Suddenly I understand gearing! We can argue forever about the Zanaga Project's "true worth" but right now I'd be deliriously happy with a takeover @ 180p to remove all of us pesky PIs from the share register.

They might even be more generous considering how much money they're going to make. Again, gearing means a small increase in generosity equals a much better return to all the faithful LTHs. Afterwards the big boys can make a killing - it was ever thus. I can picture a cartoon of a downtrodden ZIOC shareholder with a smile on his face clutching £50 notes saying "A bigger boy made me do it!"

I've always seen myself as a sceptic/troll hybrid - imagine something like a minotaur with the head and tail of a bear and the body of an OAP. What annoys me with any post is arrogance e.g. "I understand it's hard accepting I called it right to your detriment, maybe at some point you'd be better to take note, rather than ignore." as if he gets it right EVERY time! On this occasion I was right to foresee the can being kicked down the road but it was combined with a transformational event and a very good one! We may well have another year to wait for a jackpot but I think the takeover (and surely our new investors will want an exit) could be much higher than previously expected - how about 600p?

"The Company also intends to conduct a retail offer (or similar) to existing shareholders for up to a further £100,000." So presumably recent carpet-baggers won't qualify yet they're still piling in. Define "existing".

You're probably spot on so shouldn't your sign off read Disappointing times&Gla? "Whatever is gonna happen here, will happen..and that is all that matters." may well be true but WHERE'S MY JACKPOT? And I can't see why a Strategic Investor would welcome a rapidly rising SP. The can is going to be kicked down the road yet again! Will the SP rise while we all wait? I foresee a 75% plunge from 10p if the can is kicked. The BOD badly need to get their act together! And possibly need to be investigated for not acting in shareholders' interests.

Wise words Catbert but I think my dancing days are long gone! If ZIOC don't kick the can down the road yet again I'll be pleasantly surprised. GLA!

Prepare to be very disappointed or dancing around the room! I'm too old to dance but never old enough to be disappointed! In which case - shame on the ZIOC BOD you bunch of punts!

So somebody paid 10.5p - where were they a few weeks ago? Not a lot has changed since. Momentum has a lot to answer for. £6.40 for a pint of Guinness in the Eagle implies the Portland Arms' prices are supporting their live music venue so no complaints. Just wish there was more space to move around and you don't feel like a sardine. And you can buy a drink without leaving the music far behind. Looking back, being the only man not wearing black to see Satyricon in London many years ago was probably my best gig ever! Plenty of space, no queues at the bars and a check shirt was tolerated.

I also own KP2 and ZIOC but in very different proportions. I see ZIOC delivering either an instant multi-bagger by way of a takeover or a reward something akin to KP2 over several years if the ZIOC BOD stupidly decide to go it alone. NOW is the time to sell the Zanaga Project! As for KP2 : it's a good long term investment - I see no short term reward apart from a takeover offer.

What exactly is attracting new buyers?

Basically, within a couple of weeks we're all going to be extremely disappointed or millionaires (some of us multi-).

A very strange place to occupy with the SP where it is but I believe in The Transformation from pennies to pounds. Just not sure it will ever happen within my lifetime! For some inexplicable reason the BOD prefers can kicking to banking huge profits here and now.

It's about time you usurped MM! Can you provide a figure to support "I guarantee you will be smiling when you see the number."?

Hardly. Just keep selling so the serious investors can load up at bargain basement prices.

I tried posting 5 comments on here last weekend and none appeared. I noticed on one day no posts appeared at all so maybe it wasn't just my problem. Nothing much to report about ZIOC or beardozer . Anyone who pays over 10p today prepare for a huge loss on Monday! Only half-joking as it's happened before. As for beardozer, last night he attended probably his last live music event ever: Chuck Prophet at The Portland Arms in Cambridge. Excellent music but cramming 200 people into a small room is not my ideal gig. And I was charged £6.50 for a pint of Guinness! https://www.youtube.com/watch?v=lmEpztGvPsY

I'll still be happy with a takeover @ 200p but 400p would be a bonus!

Glencore PLC has signalled it is considering ditching the London Stock Exchange in favour of a primary listing elsewhere.

Alongside the release of results on Wednesday, chief executive Gary Nagle flagged that the miner and commodities trading giant could potentially move overseas in search of a higher valuation.

“Ultimately, what we want to ensure is that our securities are traded on the right exchange where we can get the right and optimal valuation for our stock,” he told journalists. Meanwhile, the SP has hit a new 52 week low today. Funny how both GLEN and ZIOC share an optimal valuation deficit!

Don't overlook Geographical Risk - a mine in Australia is always going to be more attractive than one up the Congo. All things being equal, which of course they aren't, I think a 50% discount is to be expected when valuing the Zanaga Project. Then again, if there should be twice the amount of iron ore than originally estimated then that takes care of the 50% discount!

Veteran10 - having a grave in the garden wouldn't put me off! And it will sell but it's probably not the right property for me at my time of life. The house I lost was a modern 2 bedroom end of terrace within crawling distance of my second-favourite pub. And over the road is a Michelin starred restaurant. Happy future days.

TheDealBreaker - I don't understand what you're saying. I definitely do not want to "go on a journey with them" ! Just pay me a fair price for my shares and let me get on with the rest of my life (what's left of it!)

Talking of gas bills, a friend of a friend is currently paying £1k per month to heat her house - bonkers! I manage with one storage radiator and dress appropriately. Bizarrely, E.ON have just reduced my DD to £84.55 per month despite my last bill being £112.