Zanaga Iron Ore Share Discussion Threads

[pugugly] 23/8/2017 20:14

KL- fyi Share prophets - for what it is worth have their knife out for Bushveld - Vanadium price however (imo) very much depends on success otherwise of flow batteries. The lack of traction with flow batteries eg. RED suggests possible glitches.

No recommendation either way just fyi.

[katylied] 23/8/2017 20:09

I know, I have loads of Bushveld Minerals (a 3+bagger so far). Have you seen the Vanadium price? And they also have a ~1billion tonne iron-ore greenfield asset (with a phosphate over-burden) which similarly is going absolutely nowhere and that does have some legacy infrastructure...

[garthgreyling1] 23/8/2017 20:05

perhaps they're waiting for the environmental permit....? who knows.....but I'd caution your strong stance to the contrary....it seems that spring may have arrived for commodities...

[katylied] 23/8/2017 19:56

"Hunter Hillcoat, a mining analyst at Investec Securities, says there is one exception to miners' more-cautious stance: Glencore. The Swiss mining giant has been more focused on deal-making than its competitors, inking a $1.1 billion deal in July for a stake in Australian coal assets and mulling a bid for $11 billion grain trader Bunge Ltd..."

Nothing about greenfield (or iron ore) then.
Ivan has always disliked greenfield...

[garthgreyling1] 23/8/2017 19:20

"The trend away from developing so-called greenfield mines marks a reverse from the so-called commodity supercycle, when surging prices fueled by seemingly bottomless demand in China encouraged miners' managements to splurge on new projects -- and the debt that funded them. BHP in 2011, which posted a record $24 billion in net profit, had plans to invest $20 billion in major projects and exploration over the following year, and more than $80 billion by 2015. Rio planned to invest $14 billion in new projects in 2012.Hunter Hillcoat, a mining analyst at Investec Securities, says there is one exception to miners' more-cautious stance: Glencore. The Swiss mining giant has been more focused on deal-making than its competitors, ......."taken from Glencore RNS today........

[katylied] 23/8/2017 17:59

Especially considering Glencore's ever present abhorance of green-field sites and the development costs therein. Oh... wait a minute... :o)

PS. Xstrata acquired Zanaga, not Glencore...

[1fox1] 23/8/2017 17:33

Must admit I would have feared a little bit back in 2015/16 when GLEN fell to around 75p but it now stands at over 350p. It wouldn't make sense to dump ZIOC now imo

[topazfrenzy] 23/8/2017 13:53

I'm glad it gives you pleasure.

Well the big miners are all going crazy again, this will follow, just give it a little more time.

[katylied] 23/8/2017 13:51

lol! Once again I must compliment you. Your ramping is exquisite...

[topazfrenzy] 23/8/2017 13:48

Presentation from H2 2016 showing the logistics in detail for those interested rather than relying on chat board bimbos for advice:

hxxp://www.zanagairon.com/pdfs/ZIOC-Investor-Presentation_21-Sept-2016.pdf

[topazfrenzy] 23/8/2017 13:41

KatyLied darling, there is no jungle there you bimbo but perhaps you belong in one so go and build your shack and stay there.

Glencore held on to this project because they know it's worth a fortune, they've spent over $350 Million to get it to this stage.

Simandou, which is up the road, is being developed now (for billions of $$$) and the Chinese bought Rio's stake only recently for OVER $1 BILLION, yes my dear.

Oh, do feel for the Chinese suckers, because you obviously know best, go and advise them in Shanghai and Hong Kong, they love financially astute bimbos I'm sure and you'll surely be rewarded for your incredible knowledge!

[1fox1] 23/8/2017 12:51

Topped up a few more today although it's showing as a sell.

[pugugly] 23/8/2017 12:10

KatyLied & topasfrenzy-At last sense being talked - Thanks for joining me - Maybe any PI's being seduced by the rampers will not now help the rampers to fleece them

Declaration - Do not hold - but on interest list havingsold back in 2013.

[topazfrenzy] 23/8/2017 11:44

MrX001

The project is run and paid for by Glencore, will you please get this straight in your head! The outgoings are minimal here and there has been no dilution whatsoever so far, the dilution would come when a third party is introduced, to develop the project. But they may sell the project in its entirety before then and that means upwards of £200 Million just for ZIOC!

At present share price you can do your calculations. I am not ramping, I am pointing out the most undervalued share perhaps on AIM, with the iron ore price going berserk the market will catch on before long so best to be fully loaded. But there are always those who always miss the boat .... lots of those on these boards I'm afraid!

[mrx001] 23/8/2017 11:35

Topazfrenzy - yes they have lots of cheap iron ore and its high quality but as pointed out they are running out of money. Even the statement you quoted said if was funded for the near term, i.e 12 months. Why would someone buy a share in these when in 12 months they could potentially pick it up for a song? It's either that, mass dilution or borrowing as far as I can see it. I hold these and still hope for something to happen but am getting extremely concerned. Just seeing the upside and ramping is not realistic or responsible in my opinion. Anyway time will tell.

[topazfrenzy] 23/8/2017 10:25

Fill yer boots as they say!

"The analysts expect prices to remain on the high-end for the rest of this year, helped by Beijing’s ongoing efforts to curb low quality steel production and so reduce emissions."



Zanaga's iron ore is amongst the highest grades at 68%, which would command a big premium to 62%.

[kirk 6] 23/8/2017 10:09

Yes I am buying these as well

[topazfrenzy] 23/8/2017 09:44

Those who are astute will be filling their boots with these now, for when the environmental licence lands, which could be at any point, the share price will more than have doubled, maybe even x5 in a flash.

GL

[tadtech] 22/8/2017 22:34

I have bought these today.

Fall has been on tiny volume and could reverse in a stroke, share price was 12p in February and hit 9p late June.

Co has plenty of cash.

[topazfrenzy] 22/8/2017 17:12

Strange massive buys, it's been happening a lot, someone accumulating or transferring shares, where are the sells though to feed them?

[temmujin] 22/8/2017 16:33

pug..who writes your script..goldman sucks?

[1fox1] 22/8/2017 16:12

PUG. I'm so pleased you sold out for a significant profit. He he he

[pugugly] 22/8/2017 11:26

For & Top - Thank you for your comments - I have not only read the last RNS and most of the previous ones as well but also sold out at a significant profit at over 19p. I have also read most of the Analists reports which I suggest should mainly be used as toilet paper.

I wish you the best of luck - LUCK being the operative word.