Member Info for beardozer

You can hardly blame the long-suffering shareholders for the mess we're in! Isn't this a total embarrassment for every professional involved? How difficult is it to sell the Zanaga Project? At any price? Even a 20p offer would unleash others or maybe it wouldn't?

Can kicked even further down the road. It's about time someone made an offer for the can!

You're hedging your bets a bit there! But why not? For a start, how does NAV equate to Net Present Value? Who cares? I'd like to think you're anticipating 90p - 180p which would be OK with me. But preferably a lot higher when bidders are actually bidding against each other. Preferably more than one Chinese bidder! We should be so lucky! I should cocoa!

Anything said on here could bankrupt someone! I started to watch Douglas Is Cancelled on ITV1 but fell asleep. Must try harder! Does anyone have any idea how much a takeover offer would be worth? I recall Veteran10 would be happy with 15p and for Driving it would be 20p (unless he was being sarcastic).

First message appeared to go nowhere so I trimmed it!

I'm amazed to read you own 6.5m shares - good luck!

Obviously you realise that any capricious African who suddenly finds himself in a position of power could pull the rug from under you.

I'm amazed to hear you own 6.5m shares - good luck!

Obviously you realise that any capricious African who suddenly finds himself in a position of power could pull the rug from under you.

As for Oily1990: welcome aboard but we've managed without you since dinosaurs roamed your neighbourhood.

Try reading earlier comments before contributing or, like me, post whatever you like!

Assuming NAV is 6x current Mkt. Cap., a predator could offer a premium of 200% on the current SP and still get the assets at a 50% discount. And that's on historic valuations - surely the assets are more valuable since Trio announced excellent results.

Https://www.thisismoney.co.uk/money/markets/article-13563755/SMALL-CAP-IDEA-Zanaga-Iron-Ore-48m-company-multi-billion-pound-asset.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html

ALB1 is asking reasonable questions - you only make yourself look stupid by calling him a bot. If you can't answer, simply say "I don't know" which would be the same response from 99.999% of other shareholders. You might like to think you're among the 0.001% - we'll see!

One or two "big sells" if you class 20,000,000 shares out of 3,900,000,000 as big! Obviously they have a disproportionate impact on the SP in what appears to be a fairly illiquid share. Earlier today the SP was apparently down 19% yet ended the day down 4%. Place your bets!

do owners of mining companies ever get together to compare notes? who's most admired? the ones who make things happen or the others who do **** all?

"Can you kick a can?"

"Yes"

"How far down the road?"

"A long way"

"You're hired!"

Always bear in mind the market can remain illogical for far longer than any investor can stay solvent! All the topper-uppers could've kept their powder dry which might've accelerated the decline so they could eventually buy cheaper! Before anyone attacks me, I know it's easier said than done!

"I have reduced my position accordingly." makes no sense! Surely if ZIOC is about to be taken private an offer way above the current SP will be forthcoming!

Thanks for taking the trouble to cast your eye over TOM - it's much appreciated! Obviously, we must agree to disagree over the merits of investing in such a no-hoper.

At last a supporter for beardozer's binary bet theory! And so far my pessimism has proved correct! And agreed that ZIOC will no longer be life-changing but it could still be a 15-bagger with the wind in the right direction. Yet again, the fly in the ointment is how long it will all take. Much simpler for a Chinese entity to swoop in with a cheeky offer - 75p? That's still enough for me to buy a house around £300k and stop paying crippling rent.

Just been quoted 0.028p to sell 1m shares. No idea what the buy price is as I have no cash in my account to enable a dummy buy. You can't trust the price here! And it could be shenanigans in order to flush out weak holders of which there must be a few! Meanwhile, I remain confident. Excellent results in the vicinity must add to TOM's worth. And TPET could buy them for the money down the back of their sofa. Of course, it might suit suitors better if TOM went belly-up but it's so cheap anyway what would be the point? With just over 9m shares I think I own 36 acres of Utah or at least the rights to do whatever I like with it. As for so many shares being in issue, I think that's irrelevant by now! It's a binary bet!

"Every trade is of course a simultaneous buy & sell. " Only up to a point, Lord Copper! As I understand it, and according to extrader I am very naive, the shares sold are bought by a Market Maker who sells them on, hopefully at a higher price but possibly lower. It's a bit like trading in a second-hand car but everything happens a lot faster.

As for "As Mr Buffet put it, 'Be fearful when others are greedy and be greedy when others are fearful.'" - that works 50% of the time! Much like anything else!

I wish you well too! Unfortunately, after today's events it's looking more likely to be a tent than a mansion!