Member Info for beardozer

EOG/LOGP/PRD will be one company.

Obviously not if ZIOC is taken over at multiple multiples. I feel sorry for Mr Market! Which could come back to haunt me! As an aside, where are the herd? If a punter looked at ZIOC and thought he could at least double his money then why isn't he investing? MM elsewhere thinks there'll be a takeover this month - let's hope so! And let's hope there's more than one bidder!

Hi extrader - thanks for your detailed response which I found far from reassuring (and I had to look up "seriatim")!

1. Agreed, nobody is going to ask me to run a company - their loss but no profits were harmed!

2. Agreed, but the "benign neglect" of PI's is deplorable.

3. The scary part! And almost certainly why Mr Market thinks 5p is the right SP for ZIOC at the moment. Could GLEN/Elphick be engineering a very low offer? I sincerely hope not. All I want is 100p which is life-changing enough for me especially after I increased my holding by 12.6% yesterday.

As for MMAG vs. ZIOC - yes, apples and oranges except both were floated at a much higher price before losing over 95% of their value! Let's hope any vultures circling ZIOC have deeper pockets than the one which nabbed MMAG.

Extrader, I was amazed to read: "Elphick has no incentive to talk up the share price, unless there's a material need for cash from the Shard facility. Longer term, it's in his interest to ease out potentially troublesome, irrelevant PI's in favour of more substantial corporate and other investors. What would you do, in his position?"

1. In the first place, I'd be running the company in the interests of ALL shareholders!

2. ZIOC is effectively owned by GLEN/Elphick who can do what they like so how could PI's be "troublesome" even if they are largely irrelevant? Besides, it's a public company - we have a right to own shares.

3. As Veteran10 points out, the higher the SP the higher the takeover offer. If the ZIOC SP were currently 100p we know that a takeover offer would have to be higher. A low SP can be very dangerous for shareholders.

You only have to look at today's RNS from MMAG announcing a takeover offer from AO at a measly 9p.

Back in 2021 the company was floated at 193p before the SP bottomed at 5p in May 2024 and yesterday it was only 5.75p - not too different from ZIOC!

After such a positive RNS any other company's SP would be up at least 20%. Why doesn't Elphick comment on the huge disconnection between the SP and ZIOC's future value? In theory, Stage One NPV equates to £4 per share!

Hobbypunter, you may as well take over from me from now on! Agreed we're all hoping for a buyout and suspension but the SP says no! And how we get from 5p to multiples of that in one fell swoop is beyond my comprehension. SP indicates ZIOC will plough its own furrow which makes no sense at all. Meanwhile, ZIOC has sunk to 52% of my PF while I'm expecting other jackpots: KP2 & LOGP. KP2 is also up the Congo so a satisfactory outcome for them might lead to a rise in the ZIOC SP. Meanwhile, LOGP's top dog has joined PRD which might mean a future merger which can only be good news for LOGP. Same top dog ring-fenced future compensation for existing LOGP shareholders which was highly commendable in this dog-eat-dog world. If only Dr Stephen Boldy was in charge of ZIOC!

I had high hopes that Trio might takeover TomCo but it doesn't seem to be happening. But I am convinced something will!

Incidentally, I monitor TPET's SP and it's going nowhere. Maybe in anticipation of a placing to finance further developments in Utah?

Thanks for all your input but I remain depressed! Not your fault but I can't bring myself to sell any ZIOC shares despite their dismal history. Any outcome, however poor, should give me a decent profit but WTFDIK? As for EEE, the first thing I noticed was it's operating in Australia instead of up the Congo. The second thing I noticed was how little faith the Management have in their own company (unlike ZIOC but that can be very deceptive - see PREM). Third thing is that until I hit a jackpot I have no funds to invest but I will bear EEE in mind.

Kongolasse, sorry to hear you're a former ZIOC investor - I used to enjoy reading your comments on here. Thanks for recommending EEE - I will certainly look into them. Personally, I see nothing wrong with discussing other companies on the "wrong" board as long as it's not just mindless ramping. If someone's clever enough to invest in the same company as me then I'm interested in the rest of their PF. On the other hand, if someone is clever enough not to be invested in ZIOC (depending on how things turn out) then the same applies! By the way, after a quick glance at the EEE board, it looks more interesting than this one!

More like hammered we shall remain until the faithful get their gain?

ZIOC is a joke and has been for some time. It's 58% of my PF so I'm hoping it will deliver. I can't identify any other share with higher upside than ZIOC but I've lost faith in my capabilities so WTFDIK? Hot Tips: ORR and CEG

Why repeat what anyone can read in the RNS? Meanwhile, welcome back TOM! And upon your return the SP was up 9% but that didn't last long! I'm holding not folding in anticipation of future positive announcements. Other companies have paid a lot of money to be in the same area as TOM so I'm hoping for the best and GLA!

Punters worried about WW3?

Call me a crackpot

For expecting a jackpot

And being desperate for its arrival

Only it's a question of survival

Just hope nothing's corrupted

Or I'll end up bankrupted!

Welcome back Feeks! And 5.8p is certainly cheaper than 8p - only wish I'd avoided being a LTH for the past 12 years with an average of 6.9p! Buying today means you're smarter than the average beardozer!

2026 if we're lucky. Obviously, I'll be happy to be proved wrong but yet more news (and it was much closer to home than the usual camel's back nonsense posted here)) of the scenery being changed coupled with more buys than sells failed to ignite the SP. Maybe it will double on Monday? In days of yore the SP would've been up at least 50% today from its very low base as the herd scented a deal on the horizon. Is the herd still with us? Answers on a postcard. For my part, my PF is a fossil: 6 holdings and no spare cash until one of the blighters hits the jackpot. I suspect ZIOC may well be the last one to deliver, assuming someone has decided a deal in the distant future is better than one today. How does that even work? ZIOC has a value NOW so could somebody please make a reasonable offer?

Interesting to see CEY has received a takeover offer valuing them @ £1.9bn. Since 2009 they've produced 5.9 million ounces of gold at an AISC of $1196/oz. Not difficult to imagine ORR doing even better over the next 15 years by producing more gold at a lower cost.

Thank you Hobbypunter - you're very kind! And feel free to be as offensive as you like to "all our sensible posters". All my contributions on this board have been in the interests of entertainment while we await the outcome which keeps being kicked down the road. It's getting beyond a joke but I have a feeling something will happen soon. Probably not what we're all hoping for or the SP would be far higher. On the other hand, all those share options deserve a lot more than 20p!

Do you really think owning physical gold is a better investment than ORR?

In your spaced-out dreams! I'm just waiting for a jackpot to arrive elsewhere and I will be piling in to ORR which might send the SP skywards. What would happen if a punter wanted to invest £100k?

Can't imagine anyone voting No. Is the next step TOM returning to Market and being marked down 50%? Or up 50%?