Zanaga Iron Ore Share Discussion Threads

[treacle32] 10/6/2015 20:16

I got crucified that weekend by trolls for showing my technicals at 12p to buy. The fundamentals here remain strong and far too much money has been put into the project to not do anything with it.

Glencore about $150m and the same for ZIOC.

ZIOC maybe only one that hasn't done fundraisings too like all other juniors on AIM over past couple of years. And ZIOC again maybe only one where the main man in charge has such a massive holding in his company.

[treacle32] 10/6/2015 20:13

I don't know but my theory and technicals were the same from 12p to 35p last time. All on this bb and then the crowd appeared at 30p prices and holding since probably.

Capex required has been reduced from around $7 billion to just over $2 billion now. That should make it more appealing for project finance or an outright sale to the Chinese.

Elphickk has also mentioned a plan B in March this year if Glencore abandon but no further details. Can see snippet in press report on google.

These guys run a tight ship and it's only the falling price of iron ore which has let them down.

I wouldn't compare this lot to London mining especially with the credentials of people involved in ZIOC and their vetted interest with monstrous holding too.

[pugugly] 10/6/2015 19:50

Still burning cash - Resourse Ok but from all I have seen cash cost of production (FOB) still higher than that of Rio or Vale - so why invest ?

OK cash has been sunk to prove a reserve BUT at the current price of IO delivered China not viable considering the amortisation of the capital needed to develop

No one wants to be responsible for another LONDON MINING (imo)

It is the basic economics - Forget the technical analysis - When confronted by basic economics T/A is useless unless relying on the Greater fool theory.

[treacle32] 10/6/2015 15:28

Also good news for ZIOC. Results and more news this month.

Iron ore holds four-month peak
8 Hours Ago
Iron ore for immediate delivery to China's Tianjin port added 10 cents to $63.90 a ton on Tuesday, the highest since Feb. 16, according to The Steel Index (TSI).

Iron ore has risen 37 percent from a 10-year low of $46.70 a tonne reached in April as falling port inventory reflected firm demand among Chinese mills replenishing low stockpiles.

[treacle32] 10/6/2015 14:46

The technicals are taking great shape here. MACD is about to cross the 0 line properly since the year long downtrend from 20p. Price above 50day ma too now which further signals 3 month consolidation after long downtrend is over and the upside break out is close.


free stock charts from uk.advfn.com

[treacle32] 09/6/2015 14:01

3 bulls were issued in ZIOC yesterday.

8-Jun-15

2.825 Bull Tenkan/Kijun Cross Weak
"
" Bull Kijun Sen Cross Weak
"
" Bull Chikou Span Cross Weak

hxxp://www.ichimokutrader.com/

[treacle32] 09/6/2015 13:51

Yep - lots of ground to make up here too.

[bumpa33] 09/6/2015 13:49

judging by RSP overhang has finally cleared, Cantor and others now buyers rather than sellers.

[treacle32] 09/6/2015 13:43

Blue now and L2 changing for the better. All time low prices. There was a 1m buy at 2.90p late last month too.

Previously traded well from 12p to 33p.

[treacle32] 09/6/2015 13:23

300,000 buy at 2.70p. Large and maybe will breakout ahead of results.

[treacle32] 09/6/2015 12:18

free stock charts from uk.advfn.com

[treacle32] 09/6/2015 12:16

Got a few today, with results out this month it seems the price has nearly finished the consolidation in current range. Chart & ta suggests breakout on news this month.

[extrader] 15/5/2015 13:02

Hi kirk 6,

Hope so...why am I thinking, though, of Monty Python's knight : 'Nay, sir - 'tis but a scratch!'

ATB

[kirk 6] 15/5/2015 12:35

Looking like a recovery here

[stuart14] 29/4/2015 12:40

This is surely an option of the price of Iron ore. Do they have ongoing costs that could force them out of business or could they simply mothball for 5 years and keep their listing intact?

[tiger noble] 23/4/2015 16:18

Back to 6p perhaps

[andrbea] 23/4/2015 10:38

iron ore stocks still looks sheepish though, see here

[andrbea] 23/4/2015 10:35

now up 15%

[bpc10] 07/4/2015 14:09

0.5p soon here

[grand bornand] 01/4/2015 18:43

Iron Ore prices now gone below $50, nothing to hold for, project will be mothballed for an entity.