Member Info for beardozer

Brilliant!

...in the Real World.

Among the 39 REITs I monitor. I bought yesterday on the grounds that a 17% dividend was worth having (assuming they maintain 1.2p per quarter) and a 63% discount to NAV was also worth having.

What happens if the SP just keeps sinking glug glug glug?

This is how a death spiral feels! It's getting ridiculous and something must change sooner or later. Can ORR expect a takeover approach from a major miner using money from down the back of their sofa?

I am also very surprised the SP hasn't moved higher today - I would've expected it to at least double after such positive news. And the volume is very disappointing too. Could it be that anyone who ever thought ZIOC was worth investing in did so many years ago? With hindsight (and with an average of 6.9p), all my years of holding Zanaga shares have been a complete waste of time - I'd've been better off waiting until today and then buying even after the 20% rise! Of course, a takeover offer could've (should've!) come out of the blue at any point over the past decade and had I not been invested I'd only have myself to blame. Maybe the muted response today is down to low expectations? Only recently my hopes for a jackpot with IIP were thwarted after things didn't quite go according to plan - I made a profit but was expecting 10x more! Will be happy with 100p for my ZIOC shares but remain prepared for huge disappointment. GLA

Thank you Coyote2020 for that link to TIR which is a good read: "The period under review has suffered from what is probably one of the worst market scenarios I have witnessed during my years in the natural resource sector. " It's interesting that out of their 10 holdings only 1 is in profit and their worst performer is down 98.5%!

"The Board's focus is to deliver the news that will push the share price higher and more accurately reflect the underlying value of the assets." One day, ORR will be the top performing share over the previous 6 months assuming the BOD delivers which I believe they will. Expect the unexpected!

New 52 week low today which is 67% below the 52 week high of just 5 months ago - no worries! All very strange as on Monday ORR was # 35 Top Riser (allegedly).

MTL, Tim's other company, are currently # 8 Top Riser after announcing production up 45%, profit up 231% and debt reduced 47%. In my idle moments, I've often wondered if MTL might take an interest in ORR...

That would be a good question if it weren't so laughable! What has ORR achieved over the past 2 years? Mr Market has taken a view of ORR and nothing on this board seems to change that view. More buys than sells mean the SP rises. Time after time rises are sold into. The way to get out of that rut is for ORR to announce a JV partner. If Cameroon 2023 is California 1849 all over again then a JV partner shouldn't be hard to find.

Your arrogance is deplorable! And, by your own admission, your views are worthless! Not sure why you're so concerned about LOGP's fate as you never said "the price will fall precipitously as we approach 18 March 2024 (when LOGP will cease to trade on the exchange)." A lot can happen in 6 months!

It's a cloud hanging over it and the 49.7% rise in profits can't have helped! But I share your optimism as all the CMA can do is require the sale of various veterinary practices in certain areas. Meanwhile, CVSG expands elsewhere. So, £30 by Xmas 2024?

Hi Veteran10 - I'm 69 and the Zanaga jackpot might never arrive in my lifetime. Not sure how old Elphick is but you'd think he'd rather bank his profits sooner rather than later. Otherwise, what is the point of ZIOC? Is he expecting it to be worth multiples of what it is now further down the line? Do the deal now and let everyone move on, FFS!

A very uplifting speech! And no need to apologise for failing to fret! But, with the SP where it is, I think fretting is a perfectly reasonable response. Could you possibly have a connection to ORR? I see you have also commented on ARS where I was previously invested in the days when they were Kalimantan Gold. And also GLR which I have thought about investing in but didn't. Bring on the Cameroonian Gold Rush but ORR still needs a JV partner.

"and you have until early 2024 before worrying about CMA." Strange comment as the CMA is why the SP is currently where it is!

Sadly, I don't recall Lansdowne pitching a merger to Barryroe. Why didn't they bite their hand off? Maybe legal advice echoed my opinion? Pleased to hear about "a fair amount of activity in recent days". A swift decision and $100m in LOGP's coffers is what I'm hoping for. Fat chance!

...and thar she blows! How long is a piece of string? Slightly shorter than the time it takes ZIOC to hit the jackpot! Obviously, patience is all that's required (he says from the grave). To the BOD's eternal shame I'm going to have the lack of a Zanaga jackpot mentioned on my headstone if I die before they deliver. Possibly on my death certificate too: "lost the will to live after the Zanaga jackpot failed to arrive." Get a bloody move on, Elphick!

Agreed, project finance will have an astronomical impact on the SP - up 1000% at least? So I'm surprised more gamblers aren't interested at the current SP. Or maybe they've all bought and nothing's happened? It would be funny if it wasn't costing shareholders a fortune. Why does there appear to be a bargepole between ORR and a major miner interested in a JV? What else is happening in Cameroon? Is ORR in competition with other exploration companies?

It's all very depressing but I'm determined to go down with the ship! Otherwise, all my research and investment has been for nothing. Losing patience has cost me dear in the past and the pain is excruciating when a share rockets 250% shortly after I've sold - far worse than losing your investment entirely when a company goes bust but then you only lose 100%.