Zanaga Iron Ore Share Discussion Threads

[thesloth2] 08/8/2017 16:30

Odd selling here today. However many Buys showing as Sells. Top Up time.

[oli12] 08/8/2017 16:23

Interesting broken arrow I cannot explain it then. August is always a quiet month however the volumes here are normally non existent.
That said a lot of people got sucked in here on the last spike so maybe some have cut their loses over the last few weeks.

[1fox1] 08/8/2017 16:20

Had a small top up although it's showing as a sell. AGM on the 14th of August

[broken_arrow1] 08/8/2017 16:17

No obvious signs of a stock overhang Oli12, nothing available on the offer for most of the time, any modest buy moves the price.

My view is take advantage of the summer lull in volume and pick up stocks on the cheap, a number have been battered down on tiny volumes.

ZIOC will be 7p-8p in a flash if we start to see a few 100k-150k buys.

[investment dave] 08/8/2017 16:16

What's going on today the total opposite of what should have happened! Fair value for now is in the double figures

[oli12] 08/8/2017 16:12

I still think we have a seller who has been dumping nice round numbers of stock for weeks. (they started during the spike) Its bizarre as there are few large shareholders here except the board. One assumes the stock being sold is from the 24.67% of shares that were unaccounted for following the share transfer in the RNS 3rd April.
A block of 41.49% of shares owned by Garbet were split up leaving only 4 shareholdings above the notifiable 3% threshold. One assumes the other holders are now selling for whatever reason. Hopefully this seller(s) will finish soon.

[broken_arrow1] 08/8/2017 15:54

Have taken a few on the drop, once again hardly anything available on the offer.

Now right at the bottom of a 6 month trading range!

[oli12] 08/8/2017 15:45

ZIOC moving rapidly ... (sadly in the wrong direction)

[pugugly] 08/8/2017 14:34

You are so right >>> DOWN !!!!

[topazfrenzy] 08/8/2017 13:57

Glencore will have Chinese money lined up at some point, iron ore is a much needed resource and Znaga is of the highest grade and in the lowest quartile to produce, most doom analysts have been wrong about the iron ore price last year and this year, this should shift faster than we expect.

[pugugly] 08/8/2017 12:55

Stranded resourse - far cheaper production & delivery from Australia & Brazil (imo) only possible chance might be if a Chinese company wanted to capture own supply but if so how much would they be prepared to pay ??

[topazfrenzy] 08/8/2017 09:08

deal coming here sooner than many think most probably

[oli12] 07/8/2017 17:09

Hope so. AGM next Monday hxxp://www.zanagairon.com/pdfs/27422_Zanaga_AR17_Notice-of-AGM.PDF

[kirk 6] 07/8/2017 17:00

Should get above 8p tomorrow

[oli12] 07/8/2017 16:16

Given the rise in the IO price this should be nearer 8-10p on that alone. The IO price rise can only help our chances of funding / disposal. ( first we need that long over due permit)

[broken_arrow1] 07/8/2017 16:03

Nothing on-line currently, can sense another decent share price run up coming.

[topazfrenzy] 07/8/2017 15:44

50K or 100K shares under one's belt here cannot do any harm for when the big re-rate comes, looking forward to it!

[thesloth2] 07/8/2017 15:32

Miners & Glencore flavour of the month. Good press in the ST about Glencore.
Hopefully it will rub off on us soon

[topazfrenzy] 07/8/2017 15:29

Miners looking very strong, only a matter of time before this goes ballistic and stays there

[broken_arrow1] 07/8/2017 14:27

Took some, bottom of range, moves fast, up to 7p-9p back to 5.5p time and again, always the possibility of major news in between.

[abeygale] 07/8/2017 14:05

It is strange that my best shares are the first and last letter of the alphabet.
Since Great Western, I wish I avoided the other letters like the plague.

[kirk 6] 07/8/2017 13:44

Yes about time though

[jarega85] 07/8/2017 13:22

On the move

[topazfrenzy] 04/8/2017 09:36

Very small free float also so when news of environmental licence comes we should see a sudden re-rate to over 30p IMO. After that pick your number when a big deal is announced!

[jarega85] 03/8/2017 15:37

That would be nice. Good prospects in my view, just some patience needed