Zanaga Iron Ore Share Discussion Threads

[extrader] 06/12/2017 16:09

Hi topazfrenzy,

...12p tomorrow...

Surely you expect passers-by to give you more than that ! It is the season of good-will, after all.

ATB

[topazfrenzy] 06/12/2017 15:33

12p tomorrow

[gta5] 06/12/2017 15:14

Little Minx, if the rumours were spread by Bloomberg or the FT then maybe... but for now its the Twitter muppets and daft rampers on PI forums, not exactly reason to spend the petty cash on drafting a market update?
GTA.

[little minx] 06/12/2017 14:50

It's strange with all these rumours that no RNS has been issued denying it!!!!

[fission453] 06/12/2017 13:15

Thanks mia...so nice when you put it that way!

[miahkaysor] 06/12/2017 13:14

This is going to be the next one!!!

will double from here in no time!!!!!!!!!!!!!!

[sidjameslaugh] 06/12/2017 13:10

Repeat of yesterday. Back tomorrow. Have a good day all.

[tidy 2] 06/12/2017 13:01

No it's not cudmore everyone bailed and jumped in BLU.

[cudmore] 06/12/2017 12:52

LION ready to take off again. Get in quick though.

[emptyend] 06/12/2017 12:19

Re 6247 about losing all my money. I seem to have a 100%+ return on my most recent purchase. If I'd had the balls to load up at 3p, I'd have a 400% profit. If this is losing money I am a chinaman......

[miahkaysor] 06/12/2017 12:18

20p+ today no doubt!!!!!!!!



nai

[tidy 2] 06/12/2017 11:58

$50 Billion ProfitFor all the newcomers: This is based on the JORC reserve statement, paid for by Glencore. Production Costs Stage 1, $32/t FOB (Free On Board ? i.e. ready for delivery) Production Costs Stage 2, $26/t FOB Long term IODEX 62% FE price forecast of $60/t Average price for Zioc 66% FE $96/ton $64/t profit x 12million ton = $768 million/year x 9 years (Stage 1) = $6.912 billion $70/t profit x 30million ton = $2.1 billion/year X 21 years (Stage 2) = $44.1 billion Combined profit = $51.012 billion Less $4.7 billion capex (infrastructure/port/etc) = $46.312 billion ZIOC 50% share $23.156 billion Shares in issue 278,780,000 = $83.06 (?62.30) per share This is to extract the 770 million tonnes reserve we have proven and excludes the additional 1.29 billion tonnes that is classified as probable (nearly 3 times as much) and the 6.9 billion tonnes classified as resource (i.e. we still have work to do to prove this up further). The question is, how much are the BOD willing to sell and at what price? Similar takeovers by the Chinese would value ZIOC at nearly ?12 per share. Still leaving them with ~ ?50 per share profit.

[tidy 2] 06/12/2017 11:49

It's slowing because they can't use low grade ore anymore. High grade premium ore only in China now and Rio have they by the balls. Rio Tinto says it will win,others to lose from China*s shift towards HIGH GRADE IRON ORE." 20hrs,5 Dec 2017 abc.net.au/news/2017-12-0... via @ABCNews #zioc.Rio has China by the balls, the only way to solve the issue is for China to source its own high grade Ore. Just so happens China has signed a $2.2bn deal to build and improve infrastructure in ROC to the exact specifications as per FS that Zanaga requires to exploit the resource that is jointly owned by ZIOC and GLEN. New deep vessel port, rail system and roadways

[topazfrenzy] 06/12/2017 11:42

Goldman Sachs are bearish the sector, $50 in 2018 and China slowing down all infrastructure, they really do not need a white elephant, which is what this has been for years now, nothing will change for quite some time, wake up!

Miners correcting also, down over 20% some of the big ones, sector is done for now.

[topazfrenzy] 06/12/2017 11:41

Keep deluding yourselves, surest way to lose all your money ...

[tidy 2] 06/12/2017 11:31

"Rio Tinto says it will win,others to lose from China*s shift towards HIGH GRADE IRON ORE." 20hrs,5 Dec 2017 abc.net.au/news/2017-12-0... via @ABCNews #zioc.Rio has China by the balls, the only way to solve the issue is for China to source its own high grade Ore. Just so happens China has signed a $2.2bn deal to build and improve infrastructure in ROC to the exact specifications as per FS that Zanaga requires to exploit the resource that is jointly owned by ZIOC and GLEN. New deep vessel port, rail system and roadways.

[tidy 2] 06/12/2017 11:25

Topaz what planet are you on

[petebarnes1] 06/12/2017 11:20

mcap not far from 50m where institutions will buy , or why not cut strait to the deal rns an get into the pound signs imediatly

[topazfrenzy] 06/12/2017 11:14

tidy you are in denial, you are repeating information known for years now ... if someone was interested they would have come forward, no one wants iron ore and this will remain the case for some years more than likely, you are flogging a dead horse, the re-rate has happened, no deal means this will go back to 8p and less.

[tidy 2] 06/12/2017 11:11

The fact they already dealt a $350m Deal with GLEN to prove up the resource and get it ready for the construction phase is not a deal now then? It's now ready with all best in class studies completed and permits in place. I see

[tidy 2] 06/12/2017 11:08

Amusing. Just read a post on TYM. They are pleased to have a placing at a huge discount. Great news they say. That's aim for you am I see why Trader don't like this stock. It's obvious no placings ever means it's a rubbish stock, particularly if your 50/50 Jv partner is a giant major like ZIOC's who fund everything. TYM £500m placing great news. ZIOC $350m Deal with GLEN and no placing in 7 years is rubbish. Now I get it guys come on switch on. All the time we had it wrong. Ffs HAHA

[topazfrenzy] 06/12/2017 11:07

I am right, I know and you should listen!

NO DEAL coming, stop dreaming and get to grips that no one wants to invest in iron ore when projections are for the price to SINK from 2018 onwards, do you think people want to spend Billions developing a commodity that is sinking?!! And in Congo when Australia has more than enough supply for many many years to come.

[sidjameslaugh] 06/12/2017 10:57

Are you still randomly guessing. One day you will be right.