Zanaga Iron Ore Share Discussion Threads

[wookie77] 17/7/2017 23:03

Iron ore prices are on a tear....Chinaz new silk road will help too! I can see iron ore being the place to be for the next decade..

[emptyend] 17/7/2017 16:53

...check the free float...... There ain't much.

[gta5] 17/7/2017 16:51

zzzz indeed. without that env license it's probably at the bottom of most possible JV partners list...
I wonder what will happen when/if they get it though. Even small trading here seems to affect the share price quite substantially.
In the recently publicised final results I'm pleased to see the intention to study small scale production as a kind of POC. They mention it repeatedly in the text... I wonder to what extent it is a valid strategy? (to run high quality but low volume production) Maybe just as a tool to get another major/JV partner interested?
Interesting times ahead no doubt but right now it feels as exciting as watching paint dry..
GTA.

[davidlloyd] 17/7/2017 11:04

I certainly am hoping so.....

IN the meantime.........ZZZZzzzzzzzz


DL

[itsmyshares] 17/7/2017 10:01

Buys nearly every day last week and no sells and now another 69K buy.
The just sit and wait for the permit is becoming a lot more popular. If we get it then the share price is said to hit 50p and slowly creep to a pound.

This is CHL/OXS reward scenario all over again.

[davidlloyd] 11/7/2017 09:21

Certainly good to see some buying going on this morning - this tends to just tick along, then ........WHOOSH....hopefully that is :-)

DL

[itsmyshares] 11/7/2017 08:16

Looking good for another huge rise.

[itsmyshares] 06/7/2017 12:30

100K buy at 5.45p. Looks like something good is about to happen.

[nash81] 01/7/2017 10:38

my target here is 50p was buying when this was sub 5p and still holding strong. though may add soon.

another one is JLP, was buying long time ago and now waiting for its ripe and go double digit. production news soon.

these two plus prem,can make me happy by end of this year :)

[euclid5] 29/6/2017 22:37

was the 700k yesterday a sell & not a buy based on the price & would of been a worked order......guessing a sell which brought the price down from 11p

[luckyvince] 29/6/2017 12:06

I lost quite a bit on oxus but we all know what zioc has.i will wait until zioc is many multiples of todays price.

[emptyend] 29/6/2017 10:56

I would be of the opposite view. People assume that somehow "news must leak" into the stock market price but in my plc experience it just doesn't. Hence I remain happy to hold, expecting a good multiple of the current share price on exit.....

[1fox1] 29/6/2017 10:18

topazfrenzy trying to talk the price down. Too late matey. You sold out too soon. This always was and still is a patient waiting game. The share price will move big time before the news. Always does. I'm happy to hold

[fillipe] 29/6/2017 09:40

After the mini-dip/shake ZOIC's future being more appreciated by current buyers. Now's the time to be taking this stock for either a short-term modest gain or better still, a solid lock-away for a multi-bag.

f

[comedy] 29/6/2017 09:29

itsmyshares easy to see mate that it is channeling for a breakout...ive been loading up. ;)

[itsmyshares] 29/6/2017 09:14

Well done that sure was a bargain price. Looking good now. Could easily finish blue.

[comedy] 29/6/2017 08:37

well someone jumped in for over 700k yesterday???£50k??? lucky just managed to snag 25k at 6.25p zone:)

[itsmyshares] 29/6/2017 08:28

This is looking good. Tree shake is on and then the only way is up, IMHO.

[itsmyshares] 29/6/2017 07:51

People thought the Oxus/Churchill reward ratio was huge.
Well this is exactly the same with less risk.

50p on the day of the environmental approval with a gradual journey to a pound.

[investment dave] 29/6/2017 07:47

This will be taken out shortly. Cash burn is practically non existent

[greenelf] 29/6/2017 07:43

A solid update with no major surprises. However, the new option of a smaller initial operation up to 2mtpa with road/rail sounds sensible. At least it could be done more quickly and produce revenue. Environmental permit still expected by end second half of year. No fund raising required this year. Big plus! I would give this a HOLD rating (imo). This could still be sold for a good sum soon, especially as the major holders may prefer a quicker outcome. Don't underestimate the Chinese who are very active in this part of the world. The mcap is still extremely low in relation to the size of the asset....dangling carrot!

[mayookhp] 29/6/2017 07:14

Environmental approval due in 2017 second half fiscal year

[topazfrenzy] 29/6/2017 07:13

Nothing new to report in the final results, snooze fest ... back to 3p is my guess this year on no significant news.

A long term hold.

[mayookhp] 29/6/2017 07:12

RNS-RESULTS
Highlights 2016 and post balance sheet events to June 2017

· Mining Convention ratified by the Parliament of the Republic of Congo
("RoC"), promulgated by the President of the Republic as a law, and published
in the Official Gazette of the RoC

· Work programme and budget for 2017 and 2017 Funding Agreement agreed with
Glencore Projects Pty Ltd ("Glencore"), a subsidiary of Glencore plc

· Additional cost reductions implemented at the Zanaga Project (the "Zanaga
Project"), as well as across Zanga Iron Ore Company Limited ( "ZIOC" or the
"Company")'s corporate cost base

· Cash balance of US$4.9m as at 2016 year end, and a cash balance of US$4.7m
at 31 May 2017

Clifford Elphick, Non-Executive Chairman of ZIOC, commented:

"Despite the continued challenge of securing funding for large scale
developments, the Zanaga Iron Ore Project has enjoyed another year of positive
momentum on the ground. A major milestone was achieved in the receipt of the
Project's Mining Convention. The Mining Convention was ratified by the
Parliament of the Republic of Congo, promulgated as a law, and published in
the Official Gazette of the RoC on 28 June 2016; this establishes the fiscal
and legal framework for the Project.

[fillipe] 28/6/2017 11:30

Looks as though that rise is petering out...

f