Zanaga Iron Ore Share Discussion Threads

[mrx001] 13/12/2017 12:18

Tidy 2 - Filtered, same old rubbish all the time. Clogs up the page too much.

[topazfrenzy] 13/12/2017 12:09

British Bulls has now gone SHORT on this

[topazfrenzy] 13/12/2017 12:06

Most of that money was already spent or committed by Xstrata, Glencore don't even care about this project, they just hope that some day someone will take it off them, they hate iron ore and greenfield sites as they learned their lesson from the recent commodities bust. NO way are they going to spend Billions on this, in fact they won't spend anything except keep it ticking along with a million a year, if that.

[tidy 2] 13/12/2017 11:59

Glen bought them out then spent $350m proving up Zanaga for 50% 1 share controlling position.

[topazfrenzy] 13/12/2017 11:58

Xstrata don't exist no more and poor Glencore is stuck with this white elephant!

[tidy 2] 13/12/2017 11:12

"we see a clear exit strategy as ZIOC's interest in the project will either be bought out by Xstrata or a strategic partner, or in the worst case diluted to c 18% in a fully funded project." http://www.edisoninvestmentresearch.com/?ACT=18&ID=6417

[tidy 2] 13/12/2017 10:44

Updates this month as RNS'd. Highest grade ore worldwide and 5th largest and only 53% explored. New $2.2bn port to Zanaga spec dealt to be constructed by China starting this month.

[tidy 2] 13/12/2017 10:39

Zioc all studies done and permits in place $350m spent by GLEN, no share dilution no debt £4m in bank with £200k pa cash burn. Next step construction and production. Ggp picking muck off the surface stage, diluted to death and no deal Zioc cap £38mGgp cap £52mZIOC Updates this month as RNS'd.

[tidy 2] 13/12/2017 10:25

Sp 12.75 and spread 13 / 13-25. Wtf lol

[greenelf] 13/12/2017 10:07

Wake me up when this is sold lock, stock and barrel. The share price means foookall.

[tidy 2] 13/12/2017 09:49

Government got new $50m* new building thrown in.

[topazfrenzy] 13/12/2017 09:47

Wake me up when it gets to 5p

[topazfrenzy] 13/12/2017 09:47

zzzzzzzzzzzzzzzz

[tidy 2] 13/12/2017 09:46

ZIOC 50/50 GLEN JV Verses GGP All studies complete and permits signed off $350m spent by Glencore. No dilution to ZIOC at all. Look at GGP news. NEWMONT findings of SURFACE SAMPLING will be announced in January. Surface sampling and their MCAP is £52m to our £38 lmao. Zioc 5th largest and 1st purest highest grade ore with only 53% explored. Worldclass flagship mine. With Giant GLEN Backing.And new export deep vessel port now fully funded and ready for construction. Value at £38m cap???

[tidy 2] 13/12/2017 09:34

Exim have funded 70% of the new port. The new port is to the spec Zanaga requires for export. Government have 15% of the new port. The Chinese are building the port. Chinese insti's have 15% of the new port. Chinese need high grade Ore as REO has them over a barrel spoon feeding them the Ore. Government got new $50 new building thrown in. Government grants Zanaga Enviro Permit. All done signed off ready to go. Next step announce Zanaga funding for construction to commence by jan 2018.

[tidy 2] 13/12/2017 09:24

The environmental permit granting sparked off the Chinese signing off of the new port go ahead due to start this month. All finance sorted. 70% bank15% insti investors 15% ROC government. In the deal the government has a new $50m building thrown in. The sweetener if you like for all permits to be signed off. Essentially getting 15% free.

[topazfrenzy] 13/12/2017 09:08

This will collapse fast as all those who got in under 10p scramble to lock in some profit or avoid losses, be prepared!

If you think they are negotiating a deal when everyone has broken up for Xmas then think again, not even a mention of the Environmental Permit by Glencore yesterday! Wake up!

[topazfrenzy] 13/12/2017 09:04

They say that but nothing is gonna happen for years, meanwhile the share price will crawl back down to 2p as the cash burns out ...

It took them 3 years to get the Environmental Permit, which was due over two years ago, then they said last year bla bla bla ....

Funding is going to prove a very long wait ...

Beware!

[tidy 2] 13/12/2017 09:03

Yep. Nov 8th 17Note:- "Updates"Clifford Elphick, Non-Executive Chairman of ZIOC, commented: "I am pleased that the Zanaga Project has been awarded its Environmental Permit and would like to thank the Ministry of Environment of the Republic of Congo for its diligence in reviewing the extensive work completed by the Project team.Obtaining the Environmental Permit will assist us in our efforts to advance the Zanaga Project and attract finance to enable this valuable resource to be brought into production.We look forward to providing further updates to shareholders towards the end of the year.

[sooty snipes] 13/12/2017 08:54

The Project team is 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. We intend to be in a position to provide more detail on the outcomes of this study work by the end of this year."

Taken from RNS 22/09/2017.

[tidy 2] 13/12/2017 01:45

2017 August 14th???????????????????????????????????????????????Significant progress has been made in the construction in the Republic of Congo's Sepcial Economic Zone, attracting a large number of Chinese investors and also creating a large number of local employment opportunities.

[tidy 2] 13/12/2017 01:45

Zioc port construction financing. This site will not print Chinese symbols, it replaces them with question marks.l Pointe Noire New Port Development ProjectOk I have done some more digging in Chinese in regards to the Pointe Noire New Port Development project.From my research before, I found that China Road and Bridge Corporation (CRBC) signed the contract agreement to make this new port. The same very port as mentioned in our Feasibility Study in 2014.We know this business contract has been signed but how will it be financed?I have done some more more digging and found this:????????????????????????????????????????????????????????????????(please note if you put this Chinese sentence above in to google translate it translates the Congo Brazzaville wrong and translates it's as the Democratic Republic of Congo. The Chinese word for Congo Brazzaville is ??????This basically states that CRBC will get a loan for 3-5 years from Exim Bank of China.I then did some more digging to and found this link:https://tinyurl.com/yb3z7w6qIn this article it states what we already know in that CRBC signed the business contract for the New Port Development project in February 2016However it also gave extra information of who else was at the meeting. Mr Shen Xiang (a representative of Exim Bank of China) was also present.The article also went further to state:70% of the financing for new port project is provided for with a loan from Exim Bank of China.15% Congo Brazzaville Government 15% CRBCSo what I posted last week in regards to a meeting on July 31 2017 in Beijing between Jean Jacques Bouya (minister in Congo who signed the new port project with CRBC in 2016) and CRBC with Bouya stating they will fast track the financing process. He was actually stating fast tracking the financing from Congo Brazzaville government of 15%.This is the final hurdle in completing financing for the whole new port development project. Since that date, we have been awarded the Environmental Permit. We are all ready to go (including Chinese stakeholders) just waiting for the final 15% of the loan to be finalised.This is the work of my mate who is fluent in Chinese. Lives there with his family 12 years now. Tom Nicholls. He posts on lse as tomshare.

[tidy 2] 13/12/2017 01:07

thetoonarmy2If you read my posts you will see the new port construction has been given the go ahead to start this month. Fox was complaining about my posts as he doesn't understand the importance infrastructure beyond the mine. China are building the new deep vessel port to the specifications required by Zanaga as per the feasibility study completed in 2014 which was funded by Glencore.

[dsmith57] 12/12/2017 22:58

Wrong country. Get your facts right for f——k sake.