Member Info for beardozer

"HOLD HOLD HOLD and do not go for meagre percentage wins would be my advice. This is MEGA! " You're not qualified to offer advice while thousands of people with almost no experience of the highs & lows of Investment are! Wonderful news yet the SP is still where it is! Up a bit but nothing to write home about. And Mr Market is still indicating no great upside which suggests ZIOC will not be subject to the takeover offer we're all praying for. I suspect ZIOC will end up a minority partner and all the money shareholders were expecting will be invested in the Zanaga Project. Still a good investment but no instant jackpot which wrecks all my future plans! Incidentally, anyone who questioned my investment in TOM might like to have a look at MET1 which is my latest investment. Looking forward to allthatguff's verdict!

I say well done to first time investors in ZIOC who have successfully bypassed the 12 years in the wilderness some LTHs like me have endured AND paid less for your shares than I did!

All this positive information yet the SP is still 4.5p? You can lead a horse to water etc. Worst case scenario: the can is kicked further down the road. Best case scenario: an astronomical takeover offer. Mr Market appears to have formed his opinion which means we're all betting against him.

If they don't get a move on "I waited too long for my Zanaga jackpot" will be appearing on more and more gravestones.

On the other hand, if we're 100% sure it's on the way, spend! spend! spend! and worry about it later. To a certain extent I've been doing that already but it's a shame credit card companies don't share my faith.

It's perfectly possible to combine "doom monger" with "weary shareholder"!

Thank you extrader for correcting my faulty recollections and thanks for the link to Elphick's paradise which looks worth a visit! I wonder if they'd accept a block booking from Zanaga shareholders? "Glamourous" raised my hackles but it's in the Oxford English Dictionary.

In my experience you have to wait for an investment to be officially deemed "worthless". Your stockbroker will advise you of that fact. LOGP is certainly not worthless, merely suspended.

Apologies for beardozer's wallpaper replacing extrader's! I'm amazed other shareholders appear happy to wait forever for whatever prize we will be awarded. Probably the crumbs from the table but what can we do? Six months from now we could still be where we are! Anyone who says differently must prepare to be hoisted by their own petard. A sight worth seeing but I'd rather take the money and run!

You hit the nail on the head! None of us are getting any younger and it's time this sorry saga was brought to a successful close. How old is Elphick? 62? He doesn't google well: He listed Gem on the London Stock Exchange in 2007, raising $635m which he proceeded to blow on the acquisition of various diamond mines around the world. All of them have been closed down or sold and Elphick is left with his original Letšeng Diamond Mine in Lesotho and the flooded Ghaghoo Diamond Mine in Botswana. Gem has been trying unsuccessfully to sell Ghaghoo for years at a knock-down price of around $3m after spending $85m in developing it. The Gem share price started trading around £11 but collapsed to £1.25 in 2009 and has stayed below £1 since 2019.

Elphick is in denial about that miserable performance, declaring in March 2022 that Gem was “grossly undervalued” and the share price was “unacceptable to be quite frank”. He added he was “at a loss” to explain the company’s valuation given the improvement in the diamond market. Clearly he has turned a “Nelsonian eye” to Gem’s performance under his management since it listed. The current downturn in the diamond market does not bode well for Letšeng, which turned loss-making in the six months to August.

Elphick is currently the non-executive chairman of LSE-listed Zanaga Iron Ore and is well known in South Africa as the owner of the Kurland Polo Estate in Plettenberg Bay.

Copied from miningmx.com

Come on Clifford, at least make a success of ZIOC! Or did you make all the money you hoped to make when it listed? Something extrader alluded to many years ago which I didn't understand at the time.

Not sold out but reverted to the full price of £5. I bit the bullet. It's a lot of money for a small piece of iced cake but my Zanaga jackpot will cover it. No deal in 2025 - please Mr Elphick prove me wrong! Does anyone think he reads all this rubbish? Why wouldn't he? In his position, I would! What else has he got to do to while away the hours? This touches on when is enough enough? If I were a multi-millionaire I'd find a better use of my time than doing yet another deal extremely slowly. Interesting article in today's Sun about a dyslexic bloke who's now worth £500m. Some of his numberplates must be worth more than the cars they're attached to and the cars aren't cheap.

Try asking the company!

I hope punters don't just exit as soon as they're back to square one - try having some faith and realising circumstances have changed.

Another Spaniard in the works and the weasels soon emerge from the woodwork!

asp2014 - I think I've been here 12 years, hold 600k shares and won't be buying any more.

extrader - I was not the one who drew attention to the 0800 start of the AGM. Pay attention at the back!

Eddsy - why shouldn't I think there'll be no deal in 2025? I'm 99.9% certain there won't be a pre-Xmas deal as anyone important will have already left the office and be on holiday until January. You could try pointing out that the Saudis ignore Xmas but see where that gets you! I bet they enjoy their Xmas cake as much as anyone. Highly recommend Waitrose oblong iced Xmas cake @ £3.33 if it hasn't sold out by now.

Is that a late-reported £20k investment @ 1401? Probably - odd number of shares but a round amount of money.

Some ZIOC investors must be desperate if they're plane-spotting in the hope it means anything for their investment! Do they sell if the aircraft heads the wrong way? As for shaun86 and " Anyone genuinely invested would be aware of the pre-FEED and FEED timelines.. and wouldn't have such concerns." Always the question about whether or not a comment comes from a "genuine investor" as if that changes anything! Sorry adzeds but there won't be a deal before Xmas! And maybe not in 2025 either! It wouldn't surprise me.

TOM would appear to be tightly held if such low volume can send it up 30%. What will happen when the serious money arrives? TOM's finally in the right place at the right time and still under-valued. Any chance of a Valkor RTO?

Sad to see PETS hit a new 52 week low but it's to be expected after news that animal rescue centres are snowed-under with abandoned pets.

Cats Protection has reported a 34% increase in the number of cats and kittens being abandoned in the UK this year, putting pressure on all its services.

Of course, if things get much worse, owners will be eating their pets, not abandoning them.

You don't have to believe in the supernatural to be a ZIOC investor but it helps!

5p x 5-10X = 25p - 50p

37.5p x 5-10X = 187.5p - 375p

281p x 3.2X = 900p

Back in 2011, 46.6% of the Simandou Project was sold for £1.027bn. Assume the Zanaga Project is worth a similar amount then 100% is £2.2bn. Divide that by the current Mkt. Cap. and it's a 72-bagger from here = 360p! But 13 years on wouldn't that figure need at least doubling? 360p x 2.5X = 900p. All highly outlandish!

I also dimly remember reading somewhere that history doesn't repeat itself.

And I see 1485p has been mentioned on the other board - makes 900p look cheap!

Extrader: I don't "need" 900p for my ZIOC shares - I just felt like throwing a spanner in the works (or the bathwater out of the pram). 100p would still be "enough" to make my dreams come true. As for expectations - they're rapidly withering. Is it conceivable we will all still be here this time next year? Why not - we have been up to now!