Zanaga Iron Ore Share Discussion Threads

[leecoyote] 21/9/2015 17:11

Nash - having spent $300m highly doubtful. They will sell the project on and likely at multiples of the current ascribed value in ZIOC at the moment. 10p easily achievable before years out on a mere sniff of news imo

[horneblower] 21/9/2015 11:59

Looking forward to buying some more at 2.3p

[horneblower] 21/9/2015 10:46

...and, somewhat fortuitously, another 125,000 at 2.58p.

(sure to come a cropper!)

[horneblower] 21/9/2015 10:21

Having had my fingers severely burnt with Afferro I am somewhat reluctant to get involved again with West African iron ore.
However, I like this chart and have dipped a toe with 200,000 at 2.8p.

[nash81] 21/9/2015 01:19

what will happen should glencore decided to cancel this zanaga project and relinguish its licence back to congo?

[leecoyote] 18/9/2015 07:37

Seems to be some attempt at accumulation here in recent days and chart looks poised for a 2-3p breakout. Perhaps we finally have some news around the corner..?

[leecoyote] 30/8/2015 11:28

At some point the valuation of this ZIOC trading at a discount to it's cash pile is, imo, going to correct violently upwards.

Worth reading this again - hxxp://www.titanip.co.uk/zanaga-iron-ore-a-multi-option-scenario-play/

[blueball] 10/8/2015 17:41

Worth no more than 1p imo.

[damp squid] 24/7/2015 08:13

another tweacle disaster

[leecoyote] 16/7/2015 16:43

Looks like 3-3.5p level to pop and clear air towards 10p.

[treacle32] 07/7/2015 21:25

Getting ready for full blown breakout over 3p - sell side has completely dried up on L2 in contrast to the bid side.

[treacle32] 06/7/2015 14:31

thanks leecoyote.

[treacle32] 06/7/2015 14:30

Another 250K just picked up by the stakebuilder at 2.95p.

[leecoyote] 06/7/2015 14:02

New piece out on ZIOC - hxxp://www.titanip.co.uk/zanaga-iron-ore-a-multi-option-scenario-play/

[ben658] 05/7/2015 22:36

For those interested in mining companies check this Interview with Charles Gibson: Head of Mining at Edison Research

[gavinbell] 04/7/2015 01:28

anybody here in JLP -the next one that will rerate similar to AMC... see conversation with directors below:

JLP tailing projects alone worth 210m, multiple of current mcap of only 16m.

-----------------

just thought I post something after my long discussion with one of directors re JLP earlier this week.

Tjate:
nobody knows when the mining right will be granted but based on JLP understanding, all requirement have been fulfiled and now waiting for SA authority to approve. it could come anytime.

Although the Tjate project is still far from production due to huge cost required to develop it, the significant of the mining right approval is that it will open up several options to JLP. JLP could then seriously enter into discussion with several potential acquirers who could in theory take a stake in the project (ie JV). They could be one from very deep pocket so that they can help develop Tjate project. For example, Mitsubishi and also chinese mining Sino xxxxxx (i cant remember exact name) already aware of JLP platinum projects. However, this discussion will only be possible once mining right is granted.

my own view: mining right approval will result in huge lifting in JLP share price as it will open up serious discussion with major player (Mitsubishi name was mention though not sure how serious, also the chinese name, maybe just a suggestion? fyi - Mitsubishi metal is huge japan based metal trading firm) not to mention any news on potential JV will drive share price even higher.

Tailing:
most shareholders are so focus on Tjate and forgetting the important of Tailing (ie surface) projects. we have 2 tailing projects at the moment, which can be company maker in itself. since its on the surface, the cost of processing is very low compare to actual mining from below the surface (deep underground). so, the cost is roughly $500 per ounce. even at low price of platinum at the moment is hugely profitable to JLP.

Directors abit disppointed that not many shareholders realised the significant of figures quoted in RNS (though i did say they should put clear calculation on how much potential profit ).

i can see someone already done rough calculation, which is close approx.
ie, 42000 per year for 10 years (he did confirm for 10 years) assuming average price of $1000 and cost $500, gives

42000 x (1000 - 500 ) = $21m profit per year
for 10 years = $210m profit. and this is based on $1000 metal price. should the price is much higher in the future, you can calculate yourself the potential profits to JLP !

the point he is trying to make is that tailing project itself is worth multiple of JLP current market capitalisation. And hopefully soon more shareholders will realise how undervalued JLP is just on tailing project alone.

anybody is free to contact JLP for verification.

[seagreen] 03/7/2015 22:20

Sado Stigologist ...making it up as he goes along...its so pathetic time to go long

[treacle32] 03/7/2015 21:03

Teetering on a full blown breakout. Lots of blocks on the bid side remains on L2 vs next to nothing on offer and on L2.

[bumpa33] 03/7/2015 12:37

you may have a point there, at this price it's simply ridiculous - tried buying a few more this morning but there's nothing out there, and typical as i type the price is moving up...!

[treacle32] 02/7/2015 08:57

Elphick got it wrong by not selling over 100p and 200p. Those prices will never happen again.

Investtech had a 20p target based on ZIOC selling 2/3 rds of their stake so 500% from here.

[treacle32] 02/7/2015 08:48

P.S. Someone has been keen for 2 weeks now - all those 200K and 250K trades. Not much of a free float to accumulate in bigger sizes.

[treacle32] 02/7/2015 08:48

No better time for the Chinese to appear. They've written down the value of the project on their books in recent accounts. Its cheaper for them to buy ZIOC out rather than debt equity financing which would leave ZIOC with 1/3 share of the project.

[leecoyote] 01/7/2015 17:45

Treacle - bid from where though? Can only be Elphick or Glencore imo. If Elphick bid then could be low ball - 5-10p as they control near 75% already. If Glencore then that's a completely different story - 20,30p,40p imo as Elphick knows the value here. They did not, from what I can see, sell a share north of 200p so why would he let it go here?