Zanaga Iron Ore Share Discussion Threads

[topazfrenzy] 21/11/2017 12:09

glenbo

I never said they were plummeting, I put a link to an article on mining.com that talks about the iron ore market, showing a new study saying that iron ore was going down to $50 average in 2018 from $70 this year and oversupply at least into 2021, make what you want out of it.

[topazfrenzy] 21/11/2017 12:06

How to lose 30% to 50% of your money really fast?

Buy an AIM stock that has already multibagged 400%!

LOL

[glenbo1] 21/11/2017 12:05

TopazCan I ask why you last night said iron ore prices were plummeting when in fact they had risen to a 2 month high. Also the differential between what ZIOC which is very high quality and the standard grade is widening. I welcome your input

[topazfrenzy] 21/11/2017 11:59

Yes indeed, but they've been at it for quite a while and for even this stage to go ahead something like a half Billion will be needed I am assuming, so that's the main stumbling block, money to fund any stage of the project and with iron ore heading back to $50 in 2018 according to analysts and with no let up until 2021, I doubt that anyone will be queueing up to grab this. Shares being issued cheaply to finance it maybe, say at 12p per share? I am just guessing the outcome here but without Glencore wanting to develop this with someone then little is going to happen.

[tidy 2] 21/11/2017 11:54

As reported in the Company's annual results published on 28 June 2017, the Project team commenced the process of actively investigating the potential for the early development of a small-scale, low capex, low opex project utilising road and potentially rail transportation solutions as well as existing port infrastructure. The Company intends to be in a position to provide more detail on the outcomes of this study work by the end of this year.

[tidy 2] 21/11/2017 11:53

Topaz you need to research. At least look at the presentation and you will see this is back on schedule for the next step which is production development starting 2018. News before year is out

[topazfrenzy] 21/11/2017 11:50

Ok thanks for clarifying fox1, GL with your remaining 200,000.

My hunch however would be to bank the profits and run to the hills, as I doubt anything of substantial weight is coming here for another year or two, if at all ... by which point this will be back at 6p IMO.

[1fox1] 21/11/2017 11:43

I'm sorry topaz. You have repeatedly contradicted yourself throughout. You have forecast as little as 1p target and targets up to £3 target. Also you have mumbled 3p, £1 and 50p so which one is it? I never said I regretted not selling either. I said in hindsight it would have been nice to sell at 25p and buy back at 16p but anyone would say that wouldn't they? What I did say was I sold 50,000 shares at 22p and was looking to buy back in. I also said I had no intention of selling the remainder of my 200,000 shares that stand me at an average of 6p. Happy days. If the board come out with a good RNS which seems likely following the last statement. You and many others will be left far behind.

[petebarnes1] 21/11/2017 11:36

Yes but its dam good info Mister MD dam good!!! PREM is only 11 % up seems people have sorted that one

[tidy 2] 21/11/2017 11:35

I've not posted that before.

[tidy 2] 21/11/2017 11:35

Prem will place again in two weeks. More George roach lambs to the slaughter. Never learn.

[glenbo1] 21/11/2017 11:26

Ever diluted PREMNever diluted ZIOCWhat is the resource with PREM compared to ZIOC?

[cloud9surfer] 21/11/2017 11:19

I wouldn't describe it as old info as more 'relevant' info.

[jungmana] 21/11/2017 11:16

PREM is where the action is. Should be 2.5p for fair value right now imho.

[cloud9surfer] 21/11/2017 11:16

There are always new investors coming to the share so keeping positive fundamentals in the current thread is always a good idea imo!

[mister md] 21/11/2017 11:04

you can only repeat the same old info for so long ...

[tidy 2] 21/11/2017 10:56

OverviewWorld class iron ore project•6,900Mt Mineral Resource•2,070Mt Ore Reserve•High quality, low impurity iron ore product•Bottom quartile operating costsJV between Glencore& ZanagaCompany•Glencoremanage the ProjectFeasibility Study & SEIA complete•Compelling project economics•Project optimised through Staged Development–Lower capital and execution risk–Reduced financing requirements –Maximised return on capitalMining Licence and Convention receivedAnd nowEnvironmental permit Granted

[tidy 2] 21/11/2017 10:50

The receipt of the Environmental Permit is a significant milestone in the advancement of the Zanaga Project, together with the Zanaga Project's Mining Convention and Mining Licence. The Project team will now seek to advance the appropriate port and power arrangements with the relevant bodies in the RoC.

[tidy 2] 21/11/2017 10:27

50SMA crossing above 200SMA Strong long term support indicator.

[petebarnes1] 21/11/2017 10:07

what does that mean tidy

[petebarnes1] 21/11/2017 09:06

letmepass do share