Zanaga Iron Ore Share Discussion Threads

[reks] 24/11/2017 11:32

look like its turning blue

[reks] 24/11/2017 11:23

entitled to your view topaz

my view is different in that this was the last piece of the puzzle and they have never been in a position where they were ready to move forward and actually look at construction and production. It can't be compared to previous years where they had no choice but to wait.

My advice would be load up and sit back and wait for the Chinese to come knocking.

[jarega85] 24/11/2017 11:22

Topaz, did you not say you might buy back in? Why would you if it's going to 1p?Is there somewhere better I should burn my money?

[topazfrenzy] 24/11/2017 11:19

I'm not buying at 12p on no news reks, will wait for 8p then maybe take another punt, however if it gets there then the whole thing will be mothballed for another few years and the drift down could be terminal again

[reks] 24/11/2017 11:18

thanks topaz - your best post for a while!

[topazfrenzy] 24/11/2017 11:18

reks, you have a point there

[reks] 24/11/2017 11:17

16.7p paid here we go

[reks] 24/11/2017 11:17

Topaz - lose the lot? that means 0p? yet you say u will buy back at 12p LOL make your mind up

[reks] 24/11/2017 11:16

topaz say that to the people who were buying at 23p+ when you were ramping this shouting takeover only a few weeks ago LOL

[topazfrenzy] 24/11/2017 11:16

The rampers are starting to sound like the EU negotiating team more and more, after one thing only, YOUR MONEY so they can GET OUT ASAP

Do not fall for them!

[topazfrenzy] 24/11/2017 11:13

No one is interested in this, the board will come back with hot air about we can do a smaller operation bla bla, SUBJECT TO FUNDING, then see it linger for another two years ... share price by then will be back to 1.5p and iron ore sitting at under $50, with even a market crash to boot ... this is not the time to be throwing your money away on hearsay and twitter rumours thrown by desperate rampers wanting out.

[reks] 24/11/2017 11:13

rumour could be true - big buys coming in now!!!

[tidy 2] 24/11/2017 11:12

Today 10:11 Price: 16.50scottology 610 postsZanaga Iron OreIPO 2010 at ?1.56 per share with MarketCap ?437 million Original Mineral Resource of 3.34 BT (Billion Tonnes) 25km of 47km strike length tested >148,000m of drilling complete Magnetic Survey showing key areas of resource further North & South 50/50 Joint Venture with Glencore $350 million spent to date on project. JORC PFS (Pre Feasibility Study) and FS (Feasibility Study) Majority funded by Glencore Proven Iron Ore Reserve of 770 MT (Million Tonnes) Probable Iron Ore Reserves of 2.1 BT (Billion Tonnes) Total Mineral Resource of 6.9 BT (Billion Tonnes) 5th Largest Ore Reserves Globally Benchmark Iron Ore Product 62% iron, 2% alumina and 4.5% silica, among other gangue elements. 12 month average spot price of $72/ton Zioc offering 67% iron, 0.8% aluminia and 3% silica ? higher grade, fewer impurities $14/ton premium for 65% iron, approx. $23/ton premium for 67% iron. Indicative selling price of $95/ton Average LOM (Life Of Mine) Operating Costs of $30/ton Profit potential of $65/ton Proven 770 MT x $65/ton = $50 Billion Probable 2.1 BT x $65/ton = $136.5 Billion Resource 6.9 BT x $65/ton = $448.5 Billion Stage 1 Capex $2.2 Billion Stage 2 Capex $2.5 Billion ZIOC 50% share = $25b ($89 per share), $68.25b ($244 per share), $224.25b ($804 per share) All permits in place as of November 2017 ZIOC Share Buy Back Programme from 40p ? 20p per share. Directors exercised options at 18.5p per share when market trading 6p per share. No dilution since IPO ? share in issue have reduced. 278,780,000 shares in issue. 48.6% held by major holders. 73% originally held between Guava and Garbet (founding shareholders) 41% originally held by Garbet, split out to below trusts. Remaining balance distributed below the 3% notification level. Guava Minerals Limited1 88,730,397 31.83% Salamanca Trustees (Jersey) Ltd (YR)2 13,629,127 4.89% Leganes Limited 12,513,469 4.49% Artemis Trust Limited (Hardwick) 11,916,534 4.27% AI Holdings Limited 8,706,621 3.12% Rio Tinto sold 47% stake in Simandou (7th largest reserves) to Chinese for $1.3 billion last year (2016) Glencore wants to gain foothold in iron ore production, and stated will achieve this buy buying partners of existing projects. According to their latest accounts, they have 2 projects with proven reserves. Zanaga 50% of 770 MT (high grade reserves, bottom quartile operating costs, close to China) Guelb el Auoj East 50% of 380 MT (on hold ? uneconomic with current prices) Either Glencore will take-over the entire project, or will sell stake to Chinese investors. Big demand from China for higher grade iron to reduce pollution, year on year growth in steel production. Recent increases in call-off agreements with majors for iron ore to satisfy demand. ZIOC primed for takeover. News due before year end

[topazfrenzy] 24/11/2017 11:10

buy and hold and lose the lot, follow tidy's advice for no money left before Xmas scenario

[reks] 24/11/2017 11:08

twitter saying deal with Sinosteel - anyone heard anything?

[tidy 2] 24/11/2017 10:44

Topaz obviously knows nothing that's why he cries everyday which is strange as he claims he has creamed this one. Obviously smarting. Wait for the next news you'll be reaching to self harm so save yourself now and put a few in the PF. Remember you called this wrong, don't let your bad fortune continue. Buy and hold.

[petebarnes1] 24/11/2017 10:43

cudmorei have seen same today on twitter Chinese take away pleaseeee, ps a new thread would rid our board of topaz anyone want to take it on

[tidy 2] 24/11/2017 10:40

Zanaga hitting the headlines with GLEN. Further massive company making deal as GLEN and China battle over ZIOC's remaining 50%-1 share stake of a world class 7bn tonne ore mine resource. One of the largest iron ore deposits in the world is jointly owned by FTSE mining giant Glencore and a small company called Zanaga. Glencore have overall control of the asset which was the agreement they reached with Zanaga providing they paid for the resource to be proved up. Majors plan many years in advance and this investment by the mining Giant has paid off as ZIOC has now acquired full approvals for the mine to go into production since an Environmental Permit was granted only days ago. The battle is now on for a further deal to be struck prior to construction which is planned to commence early 2018. Zanaga shareholders are waiting for a company making and life changing agreement which will see the purest iron ore available on earth to be sold at premium prices. The fe grades are the highest recorded of the largest world ore resources which is kinder environmentally to produce, this would satisfy china's new pollution laws ...watch this space.

[cudmore] 24/11/2017 10:34

Rumours of a Chinese buy out!!! Anyone else heard anything?

[topazfrenzy] 24/11/2017 10:18

sooty thanks, I know what's happening that's all

[thetoonarmy2] 24/11/2017 10:10

Has South African Investor been back on the BB too many posts to trawl through wonder if he has an update on the 77p bid and 10% free carry? :)Come on get it back into the 20s at least.

[topazfrenzy] 24/11/2017 10:08

there you go again, blind as a bat, poor tidy, in love with the iron ore no one wants lol

[tidy 2] 24/11/2017 10:07

Yes he's lying of course he is. He needs to look forward and have some belief. He knows if he did that prior to the permit being granted he'd be content now....but he isn't. Because he didn't and now he's sore.