Zanaga Iron Ore Share Discussion Threads

[treacle32] 01/7/2015 17:42

Another 200K buy at 2.88p after close.

Seems all stock mopped up by stakebuilder over many days and I feel a bid could be coming.

[the stigologist] 26/6/2015 14:35

$2m of cash burn in just a few months and they aren't even doing anything

At some point could they lose their licence if they don't do any work to progress it ? In effect this is a LIABILITY so the cash is illusory.

Expect cash call in the 1's within 6 months ?

[treacle32] 26/6/2015 12:28

Auction at 2.50p, another 250K buy at 2.50p.

[the stigologist] 26/6/2015 11:32

lol dumped and given up hey

[the stigologist] 26/6/2015 11:13

Chart breaking down could see 1p soon

[the stigologist] 26/6/2015 11:12

oh well done Tweacle another disaster

3p to 2p just a 33% loss pre costs

[treacle32] 26/6/2015 10:54

200K at 2.65p now - surely some could just bid for ZIOC now at this ridiculously low mkt cap.

[treacle32] 26/6/2015 10:26

stakebuilder buying again - 250K buy at 2.24p.

[treacle32] 26/6/2015 08:45

quindell
Posts: 1,459
Off Topic
Opinion: No Opinion
Price: 2.75
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RNS Summary
Today 07:51
I thought I would take a bit of time and summarise the Audited results below. Considering our strong cash position of $10.4 million, the project is only valued at around £750,000 according to our MCAP which is insane to say the least!

• Bottom Quartile Operating costs
• High quality premium product
• Over 2 billion tonnes of 33.9% FE
• Mining License signed
• Social environmental impact assessment complete
• Detailed study work over the past 6 years have been done at a cost of $350 million
• Already have a JV partner in the project - Glencore
• Cost reductions in place
• Strong $10.4million cash balance
• Market is favouring higher quality Iron ore producers
• Well positioned in market to deliver a high quality premium priced iron ore at a very low operating cost
• Can compete with major Iron Ore producers even in a low pricing market
• Higher cost mines are expected to close over the coming months to enable a new equilibrium to be attained
• Zanaga will be able to compete with some of the lowest cost mines in the world once this equilibrium is reached
• Increasingly de-risked project, with ZIOC believing the mining convention is likely to be ratified by Parliament of the Republic of Congo during 2015
• Other future value adding activities include the establishment of port and power agreements

[treacle32] 26/6/2015 08:44

"Importantly, the Project continues to remain well-positioned in the iron ore industry as a project capable of delivering a high quality, premium-priced, iron ore product at very low operating cost. This critical combination provides the ability of the Project, even in a low iron ore price environment, to compete with the major iron ore producers on the basis of 'cash margin per tonne', and is key to the Project's investment case."

[treacle32] 26/6/2015 08:41

Great Bargain.

"cash balance of $10.4m at 31 May 2015".

No value on Zanaga Project.

[bumpa33] 26/6/2015 08:32

this doesn't sound like mothballing to me, still the same story though waiting for IO environment to stabilise. Good cash conservation thankfully - the market now values the project at effectively zero...!



"Outlook

During the current period of price weakness and price volatility in the iron ore market, ZIOC and Glencore have chosen to continue to progress a number of key preliminary value-adding activities on the Project. These are important preparatory steps that will place the Project in a position to seek financing once market conditions stabilise and become more favourable.

The value adding activities to be progressed will include the establishment of port and power agreements, issue of the environmental permit, and ratification of the signed Zanaga Mining Convention by the parliament of the Republic of Congo. ZIOC and Glencore continue to work closely with the Republic of Congo's government on the conclusion of these workstreams and are pleased to say that the Project continues to enjoy strong support."

[pugugly] 26/6/2015 08:02

Implication of rns project to be mothballed until IO pricing environment significantly improved - Suggest do not hold ones breath !!

[loverat] 25/6/2015 18:31

Yes, CAP was quite amusing.

A couple of other stocks have halved since he started ramping. CCE and SRB.

Just shows you it does not matter how many user IDs one uses. Poor quality stocks and terrible management are the usual drivers for share price movement.

[treacle32] 25/6/2015 17:39

Buyer picked up another 100K at 2.75p - stakebuilding all week.

Boom imo on results.

[the stigologist] 25/6/2015 15:51

anyway hope your personal issues getting sorted

been three years now right

[the stigologist] 25/6/2015 15:50

talk of big discounted placing at SER tweacle

[treacle32] 25/6/2015 15:16

2.88p paid on ISDX against 2.75p screen offer. Results out tomorrow or early next week.

Latest Trades
25/06/2015 08:30 23,964 @ 2.84
25/06/2015 08:28 50,000 @ 2.878

[treacle32] 25/6/2015 08:42

Have to pay over for any size.

[treacle32] 25/6/2015 08:31

Mad scramble for shares this morning on L2.

Heavy stakebuilding all week with results imminent.

[the stigologist] 23/6/2015 09:47

well it is breaking 'out'

unfortunately it is breaking out in a downward direction


Treacle32 11 Jun'15 - 08:06 - 1878 of 1894 0 0

2.8 - 3.0p

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

Treacle32 11 Jun'15 - 10:34 - 1879 of 1894 0 0

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

Treacle32 11 Jun'15 - 10:48 - 1880 of 1894 0 0

Very close now to breakout. Buyer on the order book upping the ante.

[the stigologist] 23/6/2015 09:43

How is this working out for you treacle ?

[the stigologist] 22/6/2015 18:08

good to see treetard getting destroyed here