Member Info for beardozer

So how high can this go? When I first invested I thought ZPHR could easily become a billion pound company. Since then they've applied to double their acreage. Current Mkt. Cap. £89m but once they're producing and opening up more and more wells a billion starts to look unambitious.

"still worth holding, it is just the reward is less than we hoped and indeed deserve." Up to a point, Aberdeenman. You could argue the reward we deserve has simply been kicked 5 years down the road. If no other company makes a better offer LTHs will just have to lump it. Very hard to complain the deal is "unfair" if nobody else is interested. And ZIOC needs a deal or it's nothing.

Agreed Catbert - suck it up and average down - just increased my holding by 6%. One way to look at it is holding 100,000 shares and hoping for £1 versus holding 500,000 shares and the SP actually hitting 20p fairly soon. The end result is the same.

As soon as everything is up and running and future wells beget even more future wells and they double their acreage. What could possibly go wrong?

I hadn't planned on joining an occult society but needs must when the devil drives! Note for future researchers: how many of the people involved in RAM came to a sticky end after they shafted ZIOC LTHs? The Curse Of Tooting Common all over again!

This is not a laughing matter but you may well be right! I want to emphasise the HUGE damage a deal like this does to the AIM. It was always a dodgy place to invest and we're all aware of lifestyle companies but ZIOC was different! In the early days major miners were involved so it wasn't just a hole in the ground accompanied by a liar. GLEN's exit supposedly opened the doors to a satisfactory conclusion - how wrong we were! Instead, carpetbaggers saw their chance and, no doubt inspired by Trump, think they can get away with anything. If RAM is successful I hope all the misery the people involved have caused to small investors will hit them back one thousand fold! Think about it! Is it worth the risk or would treating all shareholders fairly be a better course of action?

We're in the Wild West as far as the London Stock Exchange is concerned but let's hope someone in officialdom takes an interest in these ne'er-do-wells' shenanigans. Admittedly, billionaire ne'er-do-wells but I'm sure they measure their pathetic lives by how much money they didn't make! They have destroyed so many ZIOC LTHs dreams by their self-serving actions. So unnecessary if it wasn't for their greed. Treating all shareholders fairly simply required an auction - highest bidder wins! If that was RAM @ 15p then nobody would be complaining except it's highly unlikely that 15p would be enough to secure ZIOC. We will never know unless we fight back.

Unfair contract not agreed by all shareholders.

They deserve nothing! See them in court!

ZIOC receives at least two takeover offers and RAM disappears from the scene without their 10% commission.

"... and Sir Mick Davis ends up shunned by far more honourable businessmen who don't shaft fellow shareholders." More likely: "Nice try Mick! Better luck next time!" It sucks. Apart from anything else, this sorry saga discourages anyone from investing in AIM companies if just rewards are going to be snatched away by the bully in the playground. Phone Rachel Reeves and tell her this is not helping investment! Get ZIOC talked about in Parliament! Shame Mick & His Gang! I bet none of them would welcome journalists delving into their murky pasts. Shame them all and as soon as possible!

"the state or quality of being venal (= willing to behave dishonestly in exchange for money)"

Something anyone involved in RAM is guilty of. Meanwhile, honest LTHs' belief in fairness is trashed!

We may not have much time so I think our only hope is one or more higher offers long before RAM gets to claim 10% which reminds me of protection money. Does Sir Mick Davis walk around with a violin case? Shameful behaviour from him and total conflict of interest from AT - how does he sleep at night? I urge every LTH to vote against RAM's proposals. They admit to owning 25% of ZIOC but, obviously, we're in the world of backscratchers so who knows how much more support they have? The BOD has recommended their offer FFS but what is Elphick's position? Is he really happy with this terrible deal? This needs sorting now - going down the legal path could take years and might involve suspension of trading in ZIOC shares which is in nobody's interest. I have been worried about the possible plight of small shareholders in ZIOC for some time and was never fully reassured by fellow shareholders that the overlords valued their reputations so highly they would never harm us. Even further, they were so aligned that what was good for them would be good for us. "We're all in it together" failed to jump the first fence! Money speaks louder as always but I hope RAM are defeated and Sir Mick Davis ends up shunned by far more honourable businessmen who don't shaft fellow shareholders.

"They get a 10% reward for any counter-offer." So another company could offer £1bn for ZIOC and RAM pockets £100m of that for doing what exactly?

"a 30 to 40p cash offer would still be peanuts" and still not enough for LTHs like me but double it to 80p and I could just about buy my dream house if the vendor accepted a near offer. Even 50p would buy me somewhere nice.

Just ignore the idiots! Water off a duck's back is the best strategy.

Let's be grateful they didn't take it private @ 15p! Assuming the SP hits 100p by 2031 that's a 1250% return from here but of no use to me - I need 87p now! Let's hope a Chinese knight in shining armour emerges from the woodwork waving pound notes. Not holding my breath.

I don't disagree with you about integrity being a wonderful thing so why are you invested in West Africa? In a company which used to be part-owned by another company who pleaded guilty to paying bribes? Put that in your pipe and smoke it!

Allthatguff: why are you invested? Knowing it's West Africa? This is not the time to get on an imaginary high horse.

G_G_G: obviously you're not a pumper & dumper - I was just being provocative and there's nothing wrong with that. I seem to attack almost everyone on this board sooner or later and I am attacked in return and I also upset punters on other boards. What really hurt recently was being called an "old fool" by a total idiot. Of course, they might be perfectly correct! GLA!

Pot noodles only require a kettle! you have obviously never eaten them!