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Zanaga Iron Share Discussion Threads
Showing 2126 to 2148 of 2150 messages
|Looks like this one is going no where anytime soon..|
|Decent volume too with the stock bid over into the closing auction. Would not be surprised to see a run at 5p again soon.|
|V odd trading Friday. Up near 30% against the market backdrop. Could there be news on Glencore's stake sale afoot?|
|I have taken a small punt on this recently but hasn't seen it rise much. Any thoughts of where it is going guys ?|
Glencore still a player ....
SYDNEY--Glencore PLC (GLEN.LN) said it has gained a new source of iron ore for its marketing business as it becomes a substantial shareholder in Australian miner Atlas Iron Ltd. (AGO.AU).
Last year, Glencore bought some of Atlas Iron's debt, a portion of which has now been converted to shares under a restructure of the Australian company. Consequently, Glencore-controlled Maru Sky Ltd. holds an 8.5% stake in the company, according to a regulatory filing Monday.
Atlas Iron has been struggling to stay afloat amid a sharp downturn in world iron-ore markets. The company was worth nearly 4 billion Australian dollars (US$3.0 billion) as recently as 2011 but has been losing money rapidly as iron-ore prices fell to a decade-low, underpinned by a swelling global glut of the steelmaking ingredient.
Glencore said it has secured marketing rights for a portion of Atlas Iron's exports, which are forecast to total up to 15 million metric tons in the year through June. "Glencore is a significant global marketer of iron ore, though we do not produce it ourselves," Glencore said.
|China Buying Iron-Ore
|i know thats what I'm thinking….its the kinda chart i love. I nice strong rising base always leads to a big breakout. Whilst this might sound like a blatant ramp you can almost feel the pressure building!!!|
|wookie u in here too??? looked at long term chart and does look like this on way back up after several years of falls???|
|Some movement again on level 2 and buying. Time for next leg up….this is creeping up the blind side this one!
Shhhhh dont tell anyone :D|
|fyi - another iron ore in my portfolio are wafm and sblm. keep an eyes on those two too|
|keep quiet guys, lets buy anything sub 10p before the crowds are here|
|Strong base keeps building, rerate under way!|
|Big volume today too, lots of interest yesterday and today, should keep picking up hopefully. Big miners on fire for a while.|
|Wookie, still time to do it tomorrow - I added a few today and now holding, this is so cheap, 20p would be nice in the next couple of months, just for starters lol
Anything could happen here so would rather be in this one. So few shares on the open market.|
|Chart looks like 10p possible within 2-3 months. IF they have a buyer for GLEN's stake, be interesting to see what value that puts on the Co. Could be 20p+
Iron ore's rebound is, it seems, generating interest in these minnows. ZIOC in the pound seat with the asset base if they can get it financed. Remember, everything is cyclical.|
|Well now thats an interesting chart!!! I meant to top up today and rather sad i didn't get around to it!!|
|This is looking very very strong now, rerate coming no doubt, double figures on the way ;)|
|time to add more. ZIOC will be double digit figures soon. any updates from Glencore will drive this mad lol. buy now before the crowd is here.|
|Back from hols and this is going nuts! Iron ore going nuts :))
Glad to be holding ;))))|
|It's a Twitter P&D. They put out a speeding ticket only days ago. Crazy mofo's lol. -------------------You want a solid tip from a CEO look at ARSThis was recorded yesterday CEO states valuation imminent Fundamentally extremely undervalued.£44m pa net to ARS for smallest project. PEA will come in at many multiples of the current spStrategic partners on standby ready to get on board awaiting the results of the PEA. Results imminent. Fast tracked. AsiaMet Resources Limited expects PEA to show "valuations at many multiples" of current share pricehttp://www.proactiveinvestors.co.uk/companies/stocktube/4779/asiamet-resources-limited-expects-pea-to-show-valuations-at-many-multiples-of-current-share-price-4779.html#|
|For a stock that is toast, somebody seems to want these.
I suggest all holders call Andrew Trahar for an update. The post above Wookie is what I believe they are trying to do - take GLEN out the equation and then restore the value to that which the asset warrants. Namely multiples of multiples of the current stock price.|
|richie666 12 Mar'16 - 14:42 - 2097 of 2114 1 0
I believe Glen will sell the stake and my guess is for $80-100m. This would put a value nearly 10 times the current ZIOC price on the stake. And then that is quite aside from the NPV upside to ZIOC IF the project is actually developed.
Remember, GLEN have spent, I believe, near $350m on getting the project this far.
|Whatever horneblower, you're missing the best ride from today - you go back to sleep though if you wish, goodnight.|