Zanaga Iron Ore Share Discussion Threads

[temmujin] 22/8/2017 11:17

does pugugly work for marketmakers maybe?

[1fox1] 22/8/2017 11:14

You may find this interesting




Zanaga is an open pit iron ore mine under development in the Lekoumou region of Southern Congo. It is estimated to contain 2.5 billion tonnes of iron ore (34% Fe) in probable reserves making it the world's fifth biggest iron ore mine.

The Zanaga project is being developed in two phases by a joint venture of Glencore Xstrata (51%) and the Zanaga Iron Ore Company (49%). The feasibility study for the project is scheduled for completion in the second quarter of 2014.

Production in stage-1 is expected to be 14 million tonnes of iron ore per year, including up to two million tonnes direct shipping ore (DSO). Stage-2 will expand the annual production capacity to 30 million tonnes per annum. The estimated mine life of Zanaga is 30 years.

[topazfrenzy] 22/8/2017 11:11

Pugugly, this share has not been diluted once yet and Glencore pay for and manage the project, outgoings are very small for ZIOC.

They should have a third party coming in soon, that's my hunch. At 5p it is a huge reward play IMO as iron ore fundamentals start to sink in and the resources get snapped up, they will always need high grade iron ore and Zanaga is the highest and amongst the cheapest to produce.

[1fox1] 22/8/2017 11:08

Thanks for your misplaced advice PUGUGLY. You have obviously not bothered to read the last RNS statement. Clearly says they are well funded going forward.

[pugugly] 22/8/2017 10:57

Running out of cash. Net cash only 1.37p per share - The rest (imo) HOPE VALUE that Mr Deep Pockets will make a low ball t/o bid but IO still far cheaper to mine in Australia and deliver China than ever possible (imo) here plus significantly more political risk -

Best luck to all who hold or buy at this price but been very well and truely pumped

[topazfrenzy] 22/8/2017 10:50

I think the pump and dump brigade are out (or leaving) and thus the price decrease over the last week, so this should soon take off seriously based on fundamentals, ie iron ore price. The analysts have got the iron ore price wrong for over a year now, they are plain stupid. I'm sure the big miners and Private Equity are sniffing around for future big projects.

Can you imagine if a third party is brought in here, straight to 50p in a flash more than likely. Then those who've sold will jump back in taking it straight to £1 lol

[temmujin] 22/8/2017 10:45

marketmakers • an hour ago
People should be looking at acquiring in shares in ZIOC listed on London's AIM, JV with Glencore and the share price was over £2 in 2011, now 5p and no dilution since, insanely low valuation that should multiply many times from here I believe strongly.

[temmujin] 22/8/2017 10:43

yes saw this report

ADDED MORE TODAY

[topazfrenzy] 22/8/2017 09:29

Insane this is not in double figures, all the miners are on fire and so is iron ore, surely the opportunity of the summer to buy at these levels!

[extrader] 18/8/2017 12:55

Hi temmujin,

I think Glencore would have shouted it form 'them hills and valleys' if it were the case !

From GLEN's website :

We are one of the world’s largest miners and producers of zinc, with a combination of mines and smelters that is unique for one single business.

We trade in zinc and lead concentrates, the raw materials used to produce zinc and lead, and valuable by-products such as sulphuric acid. We also deal in gold and silver, which are typically mined in conjunction with zinc, copper and lead ores.

So zinc a companion to / byproduct of PGMs (or viceversa), it would seem, but not a meaningful by product of FeOX.....and not in ZIOC's case, at any rate.

HTH
ATB

[temmujin] 18/8/2017 12:38

yeah ok but just wondered if there is any zinc in them hills or valleys?

[extrader] 18/8/2017 12:17

Hi tenmujin,

ZIOC is the EPIC code for Zanaga Iron Ore Company, a project under development that doesn't mine anything (yet).

ATB

[temmujin] 18/8/2017 12:15

does this company mine zinc? or is it just iron

[1fox1] 18/8/2017 11:48

mrX001 Statement from recent RNS suggests otherwise.


Following the reduction of the cost base at the Zanaga Project, as well as the additional cost reductions in the corporate overheads of ZIOC, we are well positioned to support our operations going forward in the near future. The board of directors of ZIOC (the "Board") is of the view that ZIOC has sufficient funds to meet its working capital requirements up to, and beyond, twelve months from the approval of these accounts. We had cash reserves of US$4.7m as at 31 May 2017 and continue to be prudent with our cash.

[pugugly] 17/8/2017 13:47

Continuing to fall - (imo) this is the dump of the usual pump and dump merchants - You all know who they are.

[mrx001] 16/8/2017 09:09

If they have to raise more money the share price could be in the doghouse in my opinion and they can't have much left.

[oli12] 16/8/2017 06:19

No not short - I would not short this at this price - it could fall a little further however even ZIOC must go up eventually. Positive news will send this into the stratosphere and I would not want to be short on that day.

[pugugly] 15/8/2017 18:30

Oli12_ U mean U have gone short !! good bet. (imo)

[oli12] 15/8/2017 16:26

Given the lack of AGM statement RNS one asssumes the AGM was the usual formality of passing all resolutions .... any other business? And then AGM over.

Until that permit comes nothing happening here. Good time to take a speculative punt given the fall today.

[pugugly] 15/8/2017 15:44

Anyone manage to get to the AGM yesterday at Adelaide House,
London Bridge, London, EC4R 9HA, and able to feed back ?

[oli12] 14/8/2017 14:57

AGM today... expect the usual formalities.

[kirk 6] 09/8/2017 15:26

Due a big rise here

[oli12] 08/8/2017 16:42

The buy / sell data is never that reliable. When I trade I often check and it's often wrong.

300k buy at the bell (or sell)

[topazfrenzy] 08/8/2017 16:42

Oli12, I agree some are selling at a loss, lack of patience. This is cheap for sure and can suddenly multibag, I'm staying in. Good time to buy if not already in.