Member Info for beardozer

Just lost another house I really wanted to buy! I'll forgive the BOD if they can provide £4 per share which would enable me to buy John Hurt's former home in Norfolk https://www.rightmove.co.uk/properties/153243584#/media?id=media0&ref=photoCollage&channel=RES_BUY

"Rabbits in the headlights, even" as my hero Snagglepuss would say.

Just worked it out! Rigs spinning?

"rugs spinning"?

How's it going after IIP, bbr391? I'm placing most of my faith in ZIOC which is still ridiculously cheap assuming my faith is ever rewarded. How the SP gets from 7p to 200p will be interesting! As soon as ZIOC delivers I'll be increasing my holding in ORR if it hasn't already exploded. Also have high hopes for TOM & KP2. Good luck!

Thanks extrader for the very educational article about Games People Play - until now I thought a schlemiel was a dog with long ears. I wonder if the book was an influence on Joe South (1940-2012) when he wrote his song released in 1968?

Very roughly, 92% of current NPV = 400p per share. Apply a discount of 50% because it's up the Congo and we get 200p - spooky and I have a funny feeling that, if there is a buyout, it will be around that figure! Unfortunately, the current SP implies there won't be a buyout.

Very interesting figures, Jiving! If ZIOC were sold on similar terms I would be extremely happy. However, it strikes me that 1. a huge premium was paid to eliminate geographical risk and 2. it wouldn't take much of a slump in the price of iron ore for the mine to be unprofitable.

How many points have you missed?

ASAP ORR needs to start buying back its shares which means it needs income. Or sell an asset? An SP in fractions of a penny only exacerbates SP movement. Is it worth having a Share Consolidation? In ORR's case, I think it might be a good idea!

In 99% of cases it's not a good idea.

Obviously too many ZIOC eggs in my basket but what would you expect? Name another share with such enormous upside frustrated by a useless BOD who are possibly too greedy for their own good which also includes every other shareholder's good. Something they often forget but this is AIM. One good thing the BOD has managed to do is to keep dilution to a minimum for which we are all truly grateful. But what we all want now is an EXIT.

Not quite! I'm a binary better which means I invest in companies with a transformational event ahead which ZIOC has had ever since I first invested about 13 years ago. Obviously, I never thought it would take this long! And, almost certainly, even longer! But the fundamentals are undeniable so vast fortunes will be made sooner or later. Rough with the smooth - I could have a decent jackpot from LOGP heading my way but that's not going to buy me a house which ZIOC could easily. Currently spending 64% of my income on rent. Can't claim Housing Benefit because I'm invested in ZIOC!

Will the can be kicked even further down the road in March? I don't care what Zanaga COULD be sitting on, I just want OUT at a reasonable price which is 200p. Good luck to whoever pays me 200p and then finds lots more iron ore worth 1800p!

That would be years from now and some of us LTHs are rapidly running out of time. My whole life is on hold until I know the size of my jackpot - what a ridiculous place to find myself!

One of Buffett's core pieces of advice to investors is this: "Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years." Buffett also said "I love it when the things we buy go down." Why? Because then he can buy more of it, but this time, at a discount. Seeing red is a time to panic for everyone else, but for Buffett, it’s an opportunity. To him, a stock’s price action doesn’t determine whether it's worth owning – what matters is the company's future potential relative to its current price. On Monday I managed to increase my holding by 400% with my buy @ 0.191p showing as a sell. I will be buying more when funds allow.

I do wish people wouldn't keep taking my name in vain and obviously 5 pm is a terrible time to be sober! But only on Fridays and Saturdays. Five days a week I'm sober 24/7 but today I've enjoyed a bottle of NZ Pinot Noir while cooking a wonderful Turnip Gratin in my new Beko cooker followed by a few bottles of Woodforde's Volt American IPA ( only £2 a bottle at Waitrose). As for ZIOC - how long can a can be kicked down the road before it no longer resembles a can?

Maybe not so fanciful if ZIOC gets a takeover offer @ £13 per share! But what would I do with ORR? Scary!

Totally bizarre! Rats partially leaving a sinking ship and being wished well! No disrespect to Sean12345 who saw a better opportunity elsewhere which suits me - the lower the ORR SP the more shares I will eventually buy as soon as ZIOC can get its house in order. At this rate I might be able to buy the whole company!

Mystic beardozer 2 days ago: "Am I expecting a life-changing event? Not really - I think the can will be kicked further down the road somehow which would square with Mr Market's very dim view. Is ZIOC destined to be the eternal damp squid?"

As soon as I have funds available I will be going VERY LARGE here. High risk high reward blah blah blah but I'm talking 20% of my PF. Are the recent results that disappointing? Is a profitable goldmine possible? How much more gold will they find? In a risk-on environment ORR will attract far more interest. Meanwhile, we await Lanstead's exit.

In the past I've asked you to stop regurgitating endless drivel and say what you really think about ZIOC and I remember you answering "What difference would it make?" Being retired I couldn't care less about "careers" - not that I've ever had one! My grandfather was a "carman" and I spent most of my working life as a "white van man". I always liked being out and about . What's annoying about being retired is the rapidly failing health which accompanies it. Hence elderly ZIOC LTHs urge to get a bloody move on!