Share Name Share Symbol Market Type Share ISIN Share Description
Zanaga Iron LSE:ZIOC London Ordinary Share VGG9888M1023 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.025p +0.83% 3.05p 2.90p 3.20p - - - 211,000 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -11.9 -4.3 - 8.53

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Date Time Title Posts
26/10/201617:40Zanaga Iron Ore Company2,139

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Zanaga Iron Daily Update: Zanaga Iron is listed in the Mining sector of the London Stock Exchange with ticker ZIOC. The last closing price for Zanaga Iron was 3.03p.
Zanaga Iron has a 4 week average price of 2.73p and a 12 week average price of 2.71p.
The 1 year high share price is 4.75p while the 1 year low share price is currently 0p.
There are currently 279,776,530 shares in issue and the average daily traded volume is 225,444 shares. The market capitalisation of Zanaga Iron is £8,533,184.17.
tidy 2: It's a Twitter P&D. They put out a speeding ticket only days ago. Crazy mofo's lol. -------------------You want a solid tip from a CEO look at ARSThis was recorded yesterday CEO states valuation imminent Fundamentally extremely undervalued.£44m pa net to ARS for smallest project. PEA will come in at many multiples of the current spStrategic partners on standby ready to get on board awaiting the results of the PEA. Results imminent. Fast tracked. AsiaMet Resources Limited expects PEA to show "valuations at many multiples" of current share price
wookie77: richie666 12 Mar'16 - 14:42 - 2097 of 2114 1 0 I believe Glen will sell the stake and my guess is for $80-100m. This would put a value nearly 10 times the current ZIOC price on the stake. And then that is quite aside from the NPV upside to ZIOC IF the project is actually developed. Remember, GLEN have spent, I believe, near $350m on getting the project this far. Good post.
richie666: I believe Glen will sell the stake and my guess is for $80-100m. This would put a value nearly 10 times the current ZIOC price on the stake. And then that is quite aside from the NPV upside to ZIOC IF the project is actually developed. Remember, GLEN have spent, I believe, near $350m on getting the project this far. Now priced at a tiny premium to cash, to me this is one of the biggest gifts out there in the marketplace. Pauladrew and his naysayers will be eating most 'umble pie in 3-9 months, hence my bet offer.
tomboyb: This is either a monster of a share or not - "Together with Glencore, the Company is jointly exploring funding options with a view to attracting third party debt and equity financing for project implementation." If they get it with Glencore then this looks like a monster of a share price -
pauladrew: Richie666 I don't think the cash position is 3p a share. Extract taken from last account records: 30 June 2015 30 June 2014 31 December 2014 Unaudited Unaudited Audited US$m US$m US$m Cash 9.7 17.6 12.5 The cash position on 30th June 2015 was US$9.7 = £6.8m minus 8 months cash burn. The cash burn was US$7.9 between 30th June 2014 and 30th June 2015 = around £5.50m. DYOR and work out your own figures but if you work on the same cash burn over the last 12 month period, the cash left at 30th June 2016 could be down to £1.3m. I don't know how you have arrived at the cash position of 3p per share when the m/cap is at £8.67m based on 3.1p per share. Perhaps you can explain.
gavinbell: 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.
treacle32: 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
andrbea: iron ore stocks still looks sheepish though, see here hTTp://
shaunstar: Saikat, please spare your condescension, its unkind. Figures from RNS's. Cash flow 2011 (4,461) 2012 (6,311) 2013 H1 (3,163) ZIOC had 35m cash at June 2013 (half yr). So... -17m for costs contributed up til end of 2014. -3m for burn up til end of this year -6m for 2014 cash burn Leaves 9m cash at the end of next year. Why have a placing now? Correct me if i'm wrong but companies do it either A. when they are desperate and at any share price. B. After a big rise to take advantage of possibility to raise a greater sum (because they are out of cash in the next year and aren't confident in share price remaining high.) ZIOC are comfortable, not desperate and have every expectation of a higher share price between now and the end of next year at which to make a placing. Even if they don't they'll still have plenty cash left.
paulypilot: A bit of profit-taking is only natural when a share shoots up vertically, as this one has done. People likely to panic sell will have done so today I would imagine. I agree with "swooped" that a lot of the data coming out of China is highly suspect, all the time! But no serious commentators are questioning that they have indeed stimulated their economy successfully in the last few months, and returned to strong growth. Which should be bullish for iron ore, and is presumably the reason that the price has risen nicely. Remember that ZIOC is right at the bottom of the price curve, at something like $40-50 (don't have the exact figures to hand), and the Chinese have publicly complained about the high cost of iron ore from existing suppliers, so it would make complete sense for them to take over the ZIOC project from Glencore, with ZIOC being bought out at hopefully significant multiples of the current price. That's the reason I'm in this stock anyway, and at the price I bought in at (c.11p) the downside was covered almost fully by the 9p cash pile. As the stock rises in price, obviously the downside protection from the cash reduces as a percentage of the investment, which was pointed out in the pretty balanced Spread Bet Magazine (SBM) article. "Was the feasibility study not contractual." Yes it was, but if Glencore had decided to throw away the project, then surely they would have just downed tools, laid off the people working on the ZIOC project, and negotiated a price with ZIOC to exit the contract. They haven't done that, they've continued with the Feasibility Study, the scale of which is vast - hundreds of millions of dollars have been spent on it. Clearly Glencore will want to sell the project for the maximum return on that investment, assuming that they don't want to develop it themselves, which most people suggest is unlikely. Personally, I have no idea what the share price will do in the short term, and it doesn't much bother me, other than obviously the emotional response of feeling happy when it goes up, and feeling irritated when it goes down! So I'm in this stock for the potentially explosive upside if, and it's an IF, some value is extracted from the project. We'll just have to wait & see what happens next! Cheers, Paul.
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P:40 V: D:20161026 21:10:25