Zanaga Iron Ore Share Discussion Threads

[blueball] 28/3/2015 08:36

2p not far off now.

[extrader] 06/3/2015 15:13

Hi all,

Maybe Mick would like to reacquaint/leverage his newco with ZIOC ?

hxxp://www.wsj.com/articles/former-xstrata-chief-raises-5-6-billion-for-mining-deals-1425513841

Mining veteran Mick Davis looks poised to pull the trigger on some big deals at a time of cheap mineral prices and willing sellers.

The former Xstrata PLC chief executive has raised $5.6 billion for his mining fund, X2 Resources, and plans to start deploying cash in the next few months, according to people familiar with his plans. The people said that X2 has closed itself to new investors after having raised cash from sovereign-wealth funds, pension funds and private-equity firms such as TPG Capital.

Potential targets include assets held by mining giants such as Rio Tinto PLC, BHP Billiton Ltd. and Anglo American PLC, and X2 has held talks with all three companies, one of the people said. The companies declined to comment. X2 is expected to disclose on Thursday that it has wrapped up fund-raising.

X2’s emergence gives the mining industry something its executives and observers have long anticipated: a deal-savvy operator armed with a wad of cash and looking for acquisitions in an arena stricken by collapsing prices for commodities, such as iron ore.

US$ 150-200M would be pretty small beer....

ATB

[andrbea] 19/2/2015 09:11

zioc 15% ???

[blueball] 28/1/2015 10:29

Continues to fall back with no end in sight.

[blueball] 26/1/2015 09:22

I believe they are worth 2p.

[bpc10] 16/12/2014 17:03

2p soon IMO

[declan2] 16/12/2014 14:41

Looks like it, that's wh it was declining recently. Another IO disaster.

[blueball] 16/12/2014 08:19

Get out while you can nothing positive here.

[graham1ty] 16/12/2014 07:13

That reads like mothballing the project.....keeping going on only barest cost base....

[blueball] 15/12/2014 15:15

Will they exist around 2 weeks time..?

[paulypilot] 15/12/2014 13:41

As regards ZIOC, I should add that there was nothing wrong with the project. It had potential to be an extremely valuable asset, if iron ore had remained at a reasonable price.

However, the plunge in the price of iron ore, due to over-supply from the low cost major miners, must surely have now made it very unlikely that Zanaga will go ahead? So I imagine it is most likely to be moth-balled, and might go ahead in future, once the price of iron ore has recovered. I think Glencore said they expect price weakness until about 2017-8?

So I suppose ZIOC shares should now be viewed as an option on a possible future commercialisation of the Zanaga project, plus the cash value in the company (c.4p from memory?), plus a bit for possible tax losses, and maybe a management premium too - i.e. mgt here might inject another project into the shell, and rebuild some shareholder value that way possibly?

It's probably not worth selling now it's down to c.5p, but that's a decision each holder has to make for themselves. I sold mine a while back, about 18p, as discussed on Stock opedia at the time, because of the fall in the price of iron ore.

If it had worked, we would have had a major multi-bagger on our hands. Just a pity the price of iron ore has now come down so low that I can't see it going ahead. Why would you spend $2.6bn on capex, to extract more of a product where there is already a glut of supply?

Regards, Paul.

[paulypilot] 15/12/2014 13:06

Yes, I agree. Let's bury the hatchet, it is the season of goodwill after all.

Have a good Xmas & New Year everyone.

Regards, Paul.

[declan2] 15/12/2014 09:36

It's the season of goodwill folks, bury the hatchets and enjoy the festive period.

[pugugly] 15/12/2014 09:05

My My one learns a lot about people here !!!

However very much agree with yupawiese2010.

As I have posted before - Very little chance of progress to mining with the current price of IO and the continuing ramp up of production by the low cost producers.

[yupawiese2010] 14/12/2014 18:34

My word, their does seem to be some dubious characters on this board, I feel quite boring, with no skeletons in the closet. !!

Maybe we can now draw a line under all the personal attacks & just discuss the Company.

[yupawiese2010] 13/12/2014 13:37

To the best of my knowledge yes.

[ccraig69] 13/12/2014 11:32

is that Richard Jennings of Titan investment

[pugugly] 13/12/2014 07:49

IO fallen and continuing to fall - Now oil under the cosh - Over supply and falling demand.

Potential for a major stock market crash coming.

Market is very jittery - fundamentally it is right to be concerned. A falling markets could well be self fulfilling.

QE is very much like pushing on a string - businesses will not borrow unless they think that there is a growing demand for their goods -

Many consumers will not splurge if they are uncertain of the future and the future is becoming harder to concern.

[declan2] 12/12/2014 17:53

how many IO shares have got bust ?

BZM/LOND/ AMI / ?

[the stinger] 12/12/2014 13:55

Nop, probably another delist job though until the price of IO recovers,,,which will be years.