Zanaga Iron Ore Share Discussion Threads

[topazfrenzy] 23/11/2017 16:58

And if there is still no market worthy news by Spring and iron ore price is $50 then I see 1.5p in 2018. That would be the time to accumulate, not now!

[topazfrenzy] 23/11/2017 16:57

All the clever money is managing to get out while can holders are left to take the shares, poor deluded ones.

There is no takeover coming, nor any deal, this is going back to 8p before you know it.

[petebarnes1] 23/11/2017 16:38

very good sign for tommorow

[tidy 2] 23/11/2017 16:37

Closed 17p. Bullish reversal.

[gta5] 23/11/2017 16:28

It looks like its taking a breather from the last few days volulmes. I'm fully expecting to see a holdings RNS soon, but I also know that the parties that have to release it are in no rush to do so. (And frankly they do not care if they "have to" or not)So might not materialise even though it should have been released already IMO.
Of course, with regards to *the* big news we're all waiting for I'm still hopeful, but also aware that these things take a lot of time, and like I mentioned before Glencore seem to have some domestic issues to tend to before releasing more news about "Mines in Congo" (even though this is another Congo....)
GL, GTA.

[tidy 2] 23/11/2017 16:26

Reversal pattern set up so far.

[reks] 23/11/2017 16:20

very strange trading today almost like price being held

[gta5] 23/11/2017 16:19

Reks why do you say that?

[reks] 23/11/2017 16:10

corporate action coming?

[tidy 2] 23/11/2017 15:58

So £2.67 ps was the broker valuation before the resource was know to be bigger and before all paperwork was granted to advance to mining it.

[cudmore] 23/11/2017 15:57

Mm’s playing games with the bid/offer price. One minute -9% then it’s level. Trying to suck in the sellers imho. If everyone stood by waiting for the next update the Mm’s would have no choice than to up the price as they are clearly filling an order.

[tidy 2] 23/11/2017 15:51

Sp was 110p with £308m cap at this timeWe value ZIOP based on an NPV applying a 25% discount to ZIOC's attributable value to account for the lack of control. Our base case valuation of US$1.7bn (railway route) is 243% above the current market. We also provide ZIOC's valuation based on the pipeline scenario and JVA terms subsequently testing our NPV to changes in the benchmark iron ore price, capex and cash costs. In general, given the relatively low execution risk, the project's compelling economics and the highly protective JV agreement, we consider Zanaga as an attractive investment in the African iron ore space. Based on our NPV estimate, we believe that the JV agreement substantially limits the downside risk, effectively providing a floor to the company's valuation, while the potential sale to the strategic partner or Xstrata's buyout represents additional upside.

[topazfrenzy] 23/11/2017 15:11

Glencore is stuffed in that part of Africa for years to come now, this project was mothballed for them, is still mothballed and new mothballs have been ordered to keep it in its box for years to come, what is so difficult to understand!

Deal by Christmas, totally delusional, unless Santa wants to start mining iron ore to stock pile for when the price gets to $50 in 2018.

[die_groot_krokodil] 23/11/2017 14:49

This is SETS stock . DOH
not seaq

[tidy 2] 23/11/2017 14:25

Construction talks ongoing for the last 2yrs for Zanaga. Every two months, Laure leaves her office in La Défense, Paris, to fly to Brazzaville, Pointe-Noire... and Zanaga! For two years now she has been coordinating the engineering for the development of this iron ore mine, currently one of the largest in the Congo, which will be accompanied by the creation of infrastructure: railway/pipeline, port, road, power plant etc. Together with Technip and the Australian consulting firm AMEC, Egis was entrusted with the pre-feasibility studies by Xstrata, the fourth largest mining group in the world. "These trips to the Congo are crucial because they allow me to meet with the client (some of the decision-makers are based in the country), to review progress with our colleagues on-site, and to meet the construction companies that may work with us at a later date." Sub-Saharan Africa, a first for Laura: "I got a very warm welcome from the villagers. We talk to them a lot to establish their feelings and their expectations, and to see how they can get the most out of the Zanaga project. It is worth noting that the project will generate 10,000 jobs during construction and nearly 3000 in the operation phase. We are also studying the possibility of a training centre to allow as many villagers as possible to work on the site. I really feel like I'm being useful, participating within my field of work in a project that will contribute to the economic development of the entire country. It's exciting!"

[petebarnes1] 23/11/2017 14:21

cudmore
23 Nov '17 - 12:47 - 5593 of 5608 0 0
Love the scaremongers on here. When the next RNS is out these will fly and they’ll all vanish and appear on another thread to spread doom and gloom. Patience is a virtue and has paid me kindly so far on various holdings.

AGREED

[sidjameslaugh] 23/11/2017 13:27

Keep sucking that McDonald’s WiFi Antboy.

[1fox1] 23/11/2017 13:23

Oh OK Ant. Thanks for letting me know. I'll try not to be so stupid next time. Here have a squirt of my DDT squish squish!

I have a feeling the worm is about to turn here