Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi all.
This might be ignorant speculation, so 'fine to be tutored if this is a non starter.. but is it possible it's Glencore cynically stallling or blocking any potential buyout here in the knowledge that ZIOC will soon run out of cash and that'll thereby shift greater control of the fate of the resource to Glencore? Would that benefit them in any way?
Anyone who could have doubled their money is likely to have the odd reflective moment and perhaps wonder whether they should have cashed in. But I didn't. The main reason being that I believe in the long term, on the basis of logic and facts, this is likely to pay out many more fold than double. I'm not blinkered enough to face up to the prospect of being wrong though. Sharedealing is educated gambling. I'm realistic.
My belief is solid enough though to include this in my pension calculations. I'm not stupid enough to be relying on it though. My pockets are quite deep and I only ever 'gamble' what I can afford to lose. It all makes sense to me anyway.
So I acknowledge your balanced response, but you still haven't levelled as to why you keep posting?!
Yes very possibly I'm regretting that, maybe not. 'Depends what mood I'm in. If you continue to look through my other very distant posts you'll also see how optimistic I've consistently been about the long term. That's why I've used the phrase, err.. wait... oh yes.... 'long term' many times.
'Think I also said it might take years to come to fruition. And I'm still quite happy to wait. 'Not sure why that makes me "confused"?
So you bother to take the time to trawl through my old posts to try and find something to try and catch me out or attempt to belittle me, whilst not actually bothering to answer the question as to why you bother posting on here?
I've asked you with civility and tried to use logic. If you want to try and continue any dialogue in the same vain then I'm more than happy to engage.
Simon
I absolutely respect your right to have an opinion.
But invested or not-invested, either way, logically I can't see any purpose to your persistent negativity on this share.
I mean, if your invested then it makes no sense to me why you'd talk it down, because if you think it's so bad you'd already have sold and moved on.
And if you're not invested because you genuinely see no future in this share, then the time you're spending posting on here and keeping up to date with any developments (which you must be doing if you think you have a current valid point of view) would surely be better spent paying attention to something else.
So what is your reason for posting here? Or are you so bored and have such a shallow life that you'd rather offer your valuable advice and wisdom (?!) to complete strangers? When I have 'spare' time I prefer to spend it doing things I enjoy, like spending time with my family, gardening, running, hiking, playing my guitar, painting etc etc etc.....
There could be loads of shares that you think are a dead end, but I'm assuming you don't go on forums and 'warn' people about them?! It doesn't make sense. It's not the way a rational and normally functioning person behaves.
So assuming you're a 'normal' person, what is your agenda? Because you must have one.
Please explain. You may have already explained but I can't be bothered trawling through countless old posts to work you out. Don't explain to us why you think it's going nowhere. Explain why you have any interest in telling us that again and again and again. I can't understand any rational reason. Help me out.
One more thing, for the record, you're wrong. this share is only going one way in the end. Maybe not this week or this month, but it WILL happen. It can't not happen sooner or later. The world needs the resource. Full stop. It will be developed sooner or later. Logic.
288 PINEAPPLE You make me chuckle! I love your positivity but it does border a little on delusional!
Digesting your optimism with a very copious pinch of salt is an understatement to the point where I'm starting to assume the opposite of what you suggest could likely transpire!
Do keep it up though 'cos I'd much rather have it talked up than talked down!
I'm like you Andre, not posted on here for a long time but have been holding firm for a couple of years and with mixed thoughts as to whether I should have sold last year and doubled my money. Hopefully this time this is it and we'll be away. But it's like I remember saying on here many months ago, I have no problem with holding either. long term with the resources there this really can't fail. It's common sense. We're always going to need to build be it the Chinese or whoever so it's just a matter of time. Very best of luck to all and enjoy the journey whatever happens.
'only worth �30m'?, 'all set to fly up', 'pieces of the puzzle all there', 'good news imminent', 'undervalued'... Yes, all very true and I agree. But these have been the phrases of choice day in day out for months and more. My advice is buy what you can, go and get on with your life and see what happens. One day (maybe soon maybe not) this company could make a few people very rich indeed.
I'm really not that bothered if an update comes next week, or net month, or even next year. I always suspected this would be a long term investment. Think about the level of investment involved, the size of the project/s, the bureaucracy and red tape to get past, the potential for corruption, the infrastructure required, number of parties and therefore contacts potentially involved and the country/region of investment and it doesn't take a genius to work out nothing is going to go forward very quickly. The longer it rattles on the more dashed hoped, disappointments, false starts and impatient investors there'll be. However the reason I'm not too bothered and have faith in my (sizeable) holding is I have realistic expectations and absolute confidence about where this project will end up. I've said before on here this is part of my pension plan. It's not a buy-and-hope get rich quick scheme. Buy what you can and hold what you have. Buyers will come. You'll see.
I'm frantically reading and researching here. I checked the SP at lunchtime.. 5% down. Just checked again..6.5% up!? I'm not even going down the road of "RNS due....buyout imminent...massive re-rate on way" etc etc. because I've travelled it several times, read the book and got the T shirt. All I'll say is something very weird is happening with this share. Brace yourself because this just could be the big take-off.
I'll make this my last post today. Here's where I'm at with it. I genuinely see the RNS as very very positive: -Very detailed. -Clear plans and projections. - It doesn't list any obvious obstacles or issues with the product, route to market or possible future funding. -It confirms that negotiations and discussions are ongoing with various organizations. -It shows an eagerness to bring in profits as soon as ever possible. -But also confirms an eye is fixed on longer term goals. -Lots of references to infrastructure and how to utilise and advance this in the future. -The board are actively seeking funding BUT will also progress things to profit NOW. All in all it's very forward looking and implies to me a determination by ZIOC and Glencore to bring this to fruition. I really don't think all these developments would be going on if it was on the back-burner. I don't really understand the SP drop today. Barring news of a buyout it's surely about as good as it gets? But then that's the problem; I think so many people have bought into the incessant recent ramping about it all going to blow any time now, and this hasn't done the LTH's any service. For sure this will recover over the next few days as investors properly absorb the implications about the future for ZIOC and appreciate the integrity, endeavour, vision and professionalism of the RNS and the company as a whole. Again I say hold what you have and buy what you can.
Degsy I agree with you about reading between the lines; there's nothing wrong with doing it, in fact its important to do it as the essence of investment is speculation. But that's all we're doing, and that's all it is. The facts should bear down on any 'between the lines' text we envisage might be there. And I'm sorry but even though I acknowledge it is (was?) your opinion, when only a few days ago you proclaim "IMO this is multiple customers, third party investor or buyout" just before an imminent RNS you're reading between the lines and scrawling your unfounded beliefs on the wall in very VERY large writing..
I'd prefer to take AT at face value. I think reading between the lines is fine but it starts to become about speculation, not fact. And that too is fine, until you start believing the speculation is inevitability. I'm all for positivity, but blinkered belief is dangerous and doesn't help anyone, or the share price.
"The Project Team have also conducted initial studies both internally and with third parties to assess the potential capital and operating costs savings that could be achieved for the...." meaning discussions have taken place with third parties {and internally} to assess capital/operating cost savings, NOT with regards financing/takeover.
Shaun I'm not saying you're wrong, but if there are currently any talks or negotiations taking place with third parties with regards financing or take-overs, I think it would have been prudent to mention this in this RNS? Whilst such absence I agree doesn't mean talks are not going on, again I feel that to remain positive I'm left to try and join up dots that I wish were already joined.