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Zanaga Iron Share Discussion Threads
Showing 2376 to 2398 of 2400 messages
|Market cap at £25M, should strike a deal at $300M+
Stay in there, keep adding on weakness IMO, environmental licence should see it re-rate strongly, then it's final leg of journey towards a sale or part stake in development of mine. Highest grade iron ore will replace all others, this is essential for China to cut its pollution levels etc, over 67% at Zanaga.|
|A deal could land here any day ...|
|Keep adding here imho, this is just starting to get attention from investors, it was £2 in 2011 and there's nothing to stop it getting close to that in the future; as we all know the resources are the best in Africa and with Glencore as JV partner it is a no brainer.
Once we sail past 20p it could go up very fast so keep adding ...|
|Speaking of our favourite bulk commodity, Chinese iron ore futures are up for a sixth session in a row and have hit their highest in more than three years, amid firm steel demand in the world's top consumer and tighter supply driven by Beijing's campaign against smog.
As futures rallied, spot iron ore prices have similarly surged, with the spot benchmark overnight topping $US90 a tonne for the first time since 2014.
"China's positive steel outlook is driven by ongoing supply tightness and sustained demand growth," Argonaut Securities analyst Helen Lau said in a note.
Lau said some Chinese steel mills in Hebei, Beijing and Tianjin have received orders from local governments to suspend steel production from the second half of February to the first half of March.
The most-traded iron ore futures contract on the Dalian Commodity Exchange rose 2.2 per cent and as far as 716 yuan ($US104) a tonne, its strongest since October 2013, but those gains have moderated and the contract is trading up 0.6 per cent at 704 yuan.
On the Shanghai Futures Exchange, rebar was up 0.2 per cent at 3407 yuan a tonne. It also marked the sixth straight day of increase for the construction steel product, which touched 3450 yuan earlier, near Monday's two-month peak.
Amid a torrid rally in steel prices and other raw materials, China's producer price inflation picked up more than expected in January to near six-year highs, adding to views that global manufacturing activity is building momentum.
Besides regular environmental inspections conducted by Chinese authorities that have led to mills temporarily shutting their plants, the government plans to cut steel capacity by at least half in 28 cities across five regions during the winter heating season as Beijing intensifies its war on smog, a draft policy document shows.
Along with tighter supply, steel demand is also picking up after the Lunar New Year break and should strengthen during spring, traders say.
Bids for physical iron ore cargoes have risen as futures rallied.
Chinese authorities are keen to crack down on pollution by curbing steel production.
Photo: Getty Images
|Glencore buys out Gertler
Morning, With commodities booming and their balance sheet restored, Glencore continue to deal make. They've bought out partners in DRC. Could see speculation that Zanaga is ripe for consolidation into the group. http://www.mining.com/glencore-buys-stakes-mutanda-katanga-mines-valued-960m/|
Totally agree, my way of deramping to add a few more below .9.|
|spot prices no impact here? Does the spot price not impact project viability and NPV???
what a naive statement|
|Production to far in the future, spot prices has no impact here.|
|Iron ore price surges past $US90, continues to surprise analysts
By Graeme Powell
Updated about an hour ago
PHOTO: Some analysts are at a loss to explain the rise in the iron ore price. (ABC News)
RELATED STORY: More financial pain for Barnett Government ahead of WA electionRELATED STORY: Resources exports tipped to reach $204b, despite forecast iron ore price plungeRELATED STORY: Rio Tinto steps up production as iron ore prices surge
The price of iron ore continues to defy market expectations, surging past $US90 a tonne for the first time in more than two years.
Iron ore price has surpassed $US90 for the first time since August 2014
Share prices of WA iron ore companies have jumped sharply in recent months
WA Premier Colin Barnett says "I told you so" after arguing industry would recover
The iron ore spot price jumped $US5.61 overnight and is now trading at $US92.23 a tonne.|
|Yep buys them a lot!!|
|210k bought after close at 9.45p, could do with a bid from China, £1.00 would do me.|
Wafm and zioc boom time.|
|You have the midas touch Richie!
Like your work by the way.|
|I did say this was going to move this week. Didnt expect so soon though!Still 10-12p beckons according to the charts.|
|'The investment in the copper mines in the Democratic Republic of Congo is the most significant outlay by Glencore since its stock was roiled by a bust in commodity prices in 2015'
Interesting - main article can be found on ADVFN news.|
|Well done mate.
Bought myself again early today.
Anyone know who was behind that mad volume the other week?|
|I took some off to put elsewhere a few weeks ago but still holding a good chunk here and actually added early morning. With iron ore moving up again the bullish case is intact and the doom mongers will hang their heads in shame again!|
|Topaz, you still bullish? Thought you had reduced some what or does the current iron ore rally change this again for you?|
|The Chinese will buy this one before long, they understand Africa and how to deal with things there and they will want to guarantee future supplies of iron ore in a Trumpian age. They have already recently bid $1 Billion for Rio Tinto's Simandou stake in Guinea.
£1 here on the way before we all know it, keep adding imo ...|
|where do you find a good iron ore price chart?|
|WAFM moving strongly.
Should follow suit here soon.|
Lets hope this goes long and hard back to 14p.|
|you should be ;-)|