Zanaga Iron Ore Share Discussion Threads

[topazfrenzy] 17/10/2017 10:06

Down it goes again ...

Staying put this time and will add on more weakness ...

I remember the days when this would jump 30% + on volume of 500K, it'll happen again once the dribbled sells stop

[topazfrenzy] 16/10/2017 19:28

Yes a stonking buy after hours ...

[temmujin] 16/10/2017 17:57

apologies for ramping vast resources earlier..it will come good just being held back by the city boys..

back to zioc..yes nice 500k late buy should put a rocket up it early tomoro

[kirk 6] 16/10/2017 17:24

Nice buy shown

[topazfrenzy] 16/10/2017 15:32

This could have double bottomed around the 4p mark looking at the chart so if it goes over 5p it could quickly go back to 12p, unless insiders are off-loading still, and November onwards is when these shares often re-rate. If the licence lands then it should give it the much needed boost we are waiting for for a total re-rate, say 20-30p.

[kirk 6] 16/10/2017 12:18

Let the buying commence

[topazfrenzy] 16/10/2017 11:19

Ok just bought 20,000 just to keep you lot happy lol

Let the share price now go to £1!

[topazfrenzy] 16/10/2017 11:06

The big problem here from what I can see is that insiders are selling into every mini rally so the move up is stunted as it has been for months now, the rally may not happen at all due to these people selling

[jungmana] 16/10/2017 08:28

Gold fans check out MNC ;-)

[pugugly] 16/10/2017 08:16

trading down - Bulls taking profits - Rampers fleeing and potentiailly long term holders recovering what they can as PI's sucked in by the rampers bid up share price - All imo dyor etc .

[greenelf] 16/10/2017 07:55

Zimbabwe, you gotta be kidding! Shiithhole! Pizz off..

[temmujin] 16/10/2017 07:39

off topic but this share will multi bag today..VAST resources


Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

16 October 2017
Vast Resources plc
("Vast" or the "Company")

Quarterly Production Summary & Operations Update

Vast Resources plc, the AIM listed mining company with operations in Romania and Zimbabwe, presents its operational update and production summary for the three months ended 30 September 2017 ('Q3 2017').

To view a presentation, which presents the Q3 2017 results together with the previous four quarters, please visit the Company's website: www.vastresourcesplc.com.

Production Overview:

Q3 2017 was a record quarter for Vast, which saw operations at the Manaila Polymetallic Mine in Romania ("Manaila") and the Pickstone-Peerless Gold Mine in Zimbabwe ("Pickstone-Peerless") outperform the previous quarter in terms of tonnes mined, tonnes milled, copper concentrate produced and gold produced.

Manaila Production Summary
(commissioned on 14 August 2015, Vast interest 100%.):

Results for the quarter demonstrate a considerable improvement over Q2 2017. In respect of volume related metrics, Q3 2017 reflects an exceptional performance. This result is unsurpassed since commissioning of the mine by Vast.

Summary of Q3 2017 Production:

46% increase in tonnes of ore mined from Q2 2017 to 40,462 dry tonnes
(Q2 2017: 27,707 dry tonnes*)

39% increase in tonnes of ore milled from Q2 2017 to 39,135 dry tonnes
(Q2 2017: 28,082 dry tonnes*)

31% increase in copper concentrate produced from Q2 2017 to 1,082 dry tonnes (Q1 2017: 828 dry tonnes)
2% decrease in copper concentrate grade from Q2 2017 to 17.9%
(Q2 2017:18.2%)

25% decrease in zinc concentrate produced from Q2 2017 to 118 dry tonnes (Q2 2017: 157 dry tonnes)
6% increase in zinc concentrate grade from Q2 2017 to 42.3% (Q2 2017: 39.8%)
50% increase in gold concentrate from Q2 2017 to 7dry tonnes (Q2 2017: 5 dry tonnes)
30% decrease in gold concentrate grade from Q2 2017 to 31.4g/t (Q2 2017: 45g/t)
Pickstone-Peerless Production Summary
(commissioned on 20 August 2015, Vast interest 25%):

Ore mined and milled at Pickstone-Peerless rose in the quarter to their highest levels since the June 2016 quarter. Operations are being managed at maximum milling capacity ahead of commissioning of the new sulphide plant.

4% increase in tonnes of ore mined from Q2 2017 to 71,553 tonnes (Q2 2017: 68,659 tonnes)
16% increase in tonnes of ore milled from Q2 2017 to 68,431 tonnes (Q2 2017: 58,923 tonnes)
17% increase in gold production from Q2 2017 to 4,738 ounces (Q2 2017: 4,037 ounces)
3% increase in milled gold grade from Q2 2017 to 2.41g/t (Q2 2017: 2.35g/t)


Development Overview:

The production summary should be read in concert with the development initiatives underway in Romania and Zimbabwe. The purpose of these development initiatives is to increase and optimise production, lower operating costs and build a portfolio of long term sustainable mining operations.

Manaila Expansion & Regional Metallurgical Complex Romania

18-hole drill programme for 2,200 metres completed at the Carlibaba prospect located adjacent to the current Manaila open pit
Results from first phase of 1,000 metre drilling programme at Carlibaba confirmed the mineralised zones and geological structures as expected
Assayed values appear to support the development of a second open pit operation at Manaila with the construction of a metallurgical processing facility on site, thereby significantly reducing the cost of ore transport incurred at the current operation
For Phase 2 drilling, a total of nine surface drill-holes are now completed totalling a further 1,200 metres of core
The phase 2 drilling intersected the defined mineralised zones identified from historic drilling and the Phase 1 drilling at depth and serve to verify the continuation of the zones at depth
In conjunction with the significant data obtained from historic sources the data is being collated and modelled in-house by Vast and will result in a JORC compliant mineral resource for Manaila being reported in due course now that Phase 2 drilling is completed
Commencement of soil and rock sampling activities at Piciorul Zimbrului and Magura Neagra licences underway - exploration licences will be applied for once prospecting work is complete
Faneata Tailings Facility ("Faneata") Romania

Application has been made for an exploitation right over the tailings dam in anticipation of positive feasibility results
However, in view of the likelihood of the award of an association licence for Baita Plai, options are being re-assessed regarding priority use of the Baita processing
facilities which may result in a postponement of the exploitation of the tailings dam

Pickstone-Peerless & Giant Gold Project Zimbabwe

Construction of sulphide plant progressing - expected to be completed by the end of December 2017
Significant increase in installed primary milling capacity anticipated once sulphide plant is commissioned to 35,000 tonnes per month from the current ~22,800 tonnes per month
Mill grade expected to increase from ~2.31g/t gold ('Au') to between 3.00g/t Au and 4.00g/t Au over a 6 to 9-month period as higher-grade sulphide ore is mined and processed, resulting in a significant increase in production
Evaluation of the Giant Gold Project - located 28km from Pickstone-Peerless, which has a current JORC-compliant inferred resource of 500,000oz of gold, is ongoing
Progress has been made in relocating artisanal miners from the Giant Gold Project licence area
Roy Pitchford, Chief Executive of Vast, commented:
"It is pleasing to be able to report improved quarterly production statistics as the Company strives to become overall cash generative. It is of equal importance that our development initiatives at both Manaila, namely the drilling programme at Carlibaba ahead of the proposed second open pit and new metallurgical complex, and Pickstone-Peerless, specifically the advancement of the sulphide plant, have both made considerable progress. This work is a crucial component of long term strategy to become a profitable mid-tier producer.

"Separately, the progress on the Baita Plai association licence and the anticipation of recommencing mining and processing operations at this mine during the current quarter are both encouraging and we will continue to report of developments as appropriate."

Production Statistics

[graham1ty] 16/10/2017 07:30

Ramp, ramp, ramp

[temmujin] 16/10/2017 00:56

heard permit news will be 'this' week but eh wtfdik?

[nash81] 15/10/2017 23:28

this will rise and i can soon take this out of my bottom drawer.

however, i can see this dropping first this month as permit will be the earliest Nov (and not next week). not to mention, many twitters pumping this and they will only sell this, resulting in share price even more lower.

i prefer steady rise rather than p&d.

[cudmore] 15/10/2017 22:33

Think we’ll see these soar tomorrow on massive volume. Nobody wants to be out of this success story. GLA

[kirk 6] 15/10/2017 21:47

Agreed i think this has the potential to get to £1.60 again.

[1fox1] 15/10/2017 19:12

No I don't want a bid either. This was launched in 2010 at circa 160p. Not interested in Glencore stealing it for peanuts

[kirk 6] 15/10/2017 17:38

lol doesn't need bud talk in fact I don't want a bid this is worth £1 plus without and don't want glencore to bid

[temmujin] 15/10/2017 17:09

glencore expected to make a bid soon according to my informed sources

[oli12] 15/10/2017 16:46

Fridays rise occurred with little ramping, on this occasion the derampers appeared quickly to try and pull back the sub 5p boat they appeared to have missed.

Who knows if we will see news on Monday, a retrace or a swift push over 5p quite frankly it’s anyone’s guess.

News must come at some point and given the nature of these things one imagines it could leak prior to Zanaga finding out themselves, that said we have had many false starts here. The rampers and derampers seem to like the volatility ZIOC offers.

As a longer term holder / suffer here there is no doubt there has been one or several sellers of stock, this stems from the reorganisation of shareholdings announced in April. Several of the original backers have been off loading stock for months, given many now hold less than the notification threshold it’s hard to tell how much stock has now been sold I believe 15 - 20% of the market cap possibly more. Some suggest the reason for the sale is funds are needed at Ncondezi Energy (note involvement of Michael Haworth and similar larger shareholders) who need $$$ after losing a JV backer. Let’s see what the week brings news, rumours and nodoubt ups and downs (not necessarily in that order)

[kirk 6] 15/10/2017 15:21

Falling volumes lol Friday was the highest volume since early September

[pugugly] 15/10/2017 15:03

Falling volume so probable retrace on Monday (imo)


free stock charts from uk.advfn.com

[kirk 6] 15/10/2017 12:20

Let's see if we can't get towards 8-10p this week
Following Fridays volume