Zanaga Iron Ore Share Discussion Threads

[treacle32] 22/6/2015 18:01

Looks like someone loaded up today in 250K blocks ahead of results due.

[treacle32] 13/6/2015 19:13

macansy77
Posts: 190
Observation
Opinion: Buy
Price: 2.85
View Thread (7)
RE: zioc
Fri 12:52
we hope iron ore has bottomed :) it might take a while longer for confidence to properly return - but i never trust a word that comes from GS analysts anyway - you can almost guarantee they're doing the opposite of what they're publicly saying anyway..! When the penny drops here, could be spectacular....

[treacle32] 13/6/2015 19:12

123Trev
13 Jun'15 - 12:55 - 1889 of 1889 0 0 (Filtered)

Cluelss stalking hatey as part of the gang is only posting here because of me and has no interest in ZIOC.

[123trev] 13/6/2015 12:55

Like I said ten years minimum a guess but based on the facts in front of me.

[bumpa33] 13/6/2015 12:42

not according to GS and UBS - it was a downward spiral all the way so let's just see where the price does go because the experts are not always experts, nor do they always speak without forked tongues.

as for zioc it's fallen off a cliff because of the aforementioned iron ore price and due to Glasenberg comments re: greenfield projects but the actual extent of the fall is down to liquidity - it works exactly the same on the way back up though. the truth is no one outside Glasenberg and the company knows how far away this project is, not you, not i.

[richie496] 13/6/2015 12:09

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[123trev] 13/6/2015 11:17

Iron ore prices,were expected to rebound in 2015 through to 2016 but not anything major and are the predicted to fall and stagnate through to 2018 although taking a look at the Baltic dry index how accurate that is remains to be seen,pretty dire and a true measure of world output.You may get a small rise here but the truth is this project is a minimum of ten years away there is at this time plenty of capacity,so no need to spend money on a project this size.The results will confirm the project continues to be shelved,what will be of interest is how much cash is left! Remember it ain't fell off a cliff for nothing.

[treacle32] 12/6/2015 18:12

Still on cue for big breakout - seems will happen on news with results have to be announced by end of the month.

The line on the MACD Indicator continues towards inching breaking the 0 level and into positive territory from the severe decline in 12 months from the 20p levels.

As Investtech said only 12 months ago, that even if ZIOC loses 2/3 of its share in the project to a new player then the share price is worth 20p - 500% increase from current levels.


free stock charts from uk.advfn.com

[treacle32] 12/6/2015 10:22

None of the recent big recovery is reflected in ZIOC's share price

Demand for 'quality' drives iron ore gains
June 12, 2015 - 12:34PM


Iron ore's gone from loathed to loved. The commodity is headed for a third weekly gain that's lifted prices to the highest in almost five months on lower port stockpiles in China and speculation local production is contracting.

Ore of benchmark-grade 62 per cent iron content delivered to Qingdao rose 0.3 percent to $65.61 a tonne on Thursday, according to Metal Bulletin. That's the highest level since January 23 and trimmed losses this year to 7.9 per cent.

hxxp://www.smh.com.au/business/markets/demand-for-quality-drives-iron-ore-gains-20150612-ghmesy.html

[treacle32] 11/6/2015 18:52

From this time last year but analysis remains the same as the situation is the same for ZIOC.

Investec analyst Hunter Hillcoat notes that although more palatable, the revised start-up capex of $2.5 to 3bn is still demanding for the first stage 12mtpa operation and presents a financing risk.

The broker assumes a financing scenario whereby the firm sells two thirds of its 50% stake in the project to a strategic partner leaving it with 20%.

Assuming that model, the company’s net debt level peaks at around US$500mln in both the first stage and combined stage 1 and 2 scenarios, says the broker, adding that represents a hurdle, it should be able to meet interest charges and debt repayments through cash flow.

Investec puts a value of the company at 20p a share based on selling down two thirds of the stake and an appropriate risk adjustment.

[...]

[treacle32] 11/6/2015 10:34

2.85p and 2.87p trades are buys. Slight overhang left with PEEL.

[treacle32] 11/6/2015 08:06

2.8 - 3.0p

Could breakout today. L2. Just PEEL left on 3p offer.

[treacle32] 11/6/2015 00:20

Iron ore soars above $US65 mark

Daniel Palmer 2 hours ago
hxxp://www.businessspectator.com.au/news/2015/6/11/commodities/iron-ore-soars-above-us65-mark

[treacle32] 10/6/2015 22:21

Lawsuits Against Web Trolls Are On The Rise

[treecle32] 10/6/2015 21:27

I'm so dim i managed to ramp MEN/TEN from 45p to 3p

[treecle32] 10/6/2015 21:23

by the way for those of you who haven't worked it out I have DUMPED my MAC and am here now and going to ramp ZOIC for a few days before DUMPING and moving onto my next target to fleece mug punters out of the odd £50

[treacle32] 10/6/2015 20:51

"adding Zanaga had a "plan B" in place in case Glencore opted out of the project".

We don't know what plan B is - but shrewd chap thinking one step ahead. After all BOD holding 75% of ZIOC shares. Maybe we will know in the results announcement due this month.

[treacle32] 10/6/2015 20:51

by Allan Seccombe, 12 March 2015, 06:14

At the Zanaga project in Congo, in which Glencore holds a 50%-plus-one share stake, work is continuing to prepare the mine, power supply and port facilities for when the iron-ore price corrects, said the non-executive chairman of Zanaga, Clifford Elphick. Zanaga owns 50%-less-one share in the project.

A bankable feasibility study was recently completed for Zanaga, showing a capital requirement of $2.2bn for a 12-million tonnes a year mine, which would entail the construction of a 366km pipeline to pump the ore in slurry form to the port.

"Those are big, capital-expensive assets, especially the one in Congo, and it’s unlikely they’ll be developed in this current environment," Mr Glasenberg said.

Asked about Mr Glasenberg’s comments that a greenfields project like Zanaga was unlikely to be built by Glencore, Mr Elphick said the relationship between the partners was good, and there was a joint agreement to keep the project ticking over with minimum expenditure.

"I haven’t had this discussion with Ivan about what his final attitude is towards this project, so I can’t confirm what his feeling is about Zanaga," Mr Elphick said, adding that the partners were not at odds over the project’s strategy.

"Ivan has a particular line, which he’s had for a long time, but he’s a very successful and able businessman and it won’t be the first time someone changes one’s mind about something," he said, adding Zanaga had a "plan B" in place in case Glencore opted out of the project.

hxxp://www.bdlive.co.za/business/mining/2015/03/12/glencore-curbs-iron-projects

[treacle32] 10/6/2015 20:47

Option 1 could be very likely whilst the stock is priced as worthless. It is noted that they carried out an aggressive share buy back programme over a long duration not long ago and even at 3 figure prices. Maybe again only junior on AIM to do so.