Zanaga Iron Ore Share Discussion Threads

[exploratory] 14/12/2017 11:07

Not a discussion on short term price moves. Speculating on Glencore Options: Develop, sell or hold. Clearly Glencore see Zanaga as a retained option on iron ore. Cost free storage at the moment while iron ore inventories sort themselves out - a call option with a long life . Peer iron ore mines have an average life of 16 years per the Glencore presentation so security of supply will become an issue over the next ten years which does mean ZIOC will definitely need to come into production.


Question is when to monetise the option ? RoC will want some sort of royalty out of this so may exert pressure to get this to development.


The Port development business contract was signed in 2015 so most likely at planning stage with a 54 month lead time. Parallel development can bring the mine ready as the Infrastructure comes on stream - but what is in it for China unless there is some sort of favourable offtake/ security of supply usually this sort of development is a trade for commodities. How long will they wait for a return ?

If Glencore is not interested in developing mines then only option here is to hold for maximum pay off. They will be patient. Unlike some here :)

[mister md] 14/12/2017 11:01

Not seeing much buying at all (neither on NEX) ? Sells outweigh buys. Await the RNS I say

[reks] 14/12/2017 10:57

Nice buying now should move fast from this point on

[reks] 14/12/2017 10:51

50k buyer back

[amitburnshort] 14/12/2017 10:47

High grade, just what the Chinese want....

China buyout nailed on. Suspend the stock as TW announced an offer had been made a couple weeks back.
No denial from the company either.

[topazfrenzy] 14/12/2017 09:45

2p to 3p with iron ore at $50 in 2018, that's the price it hovered around last time round

[seagreen] 14/12/2017 09:41

might go long again at 4p

[tidy 2] 14/12/2017 09:32

Chinese buyout announcement this month. You heard it here first.

[ayesha4] 14/12/2017 09:29

BNN aint dead. We will see who laughs last there too.

[topazfrenzy] 14/12/2017 09:25

like at BNN ayesha, the news you duped people with?

[ayesha4] 14/12/2017 09:07

But news is on its way. Hang tight

[topazfrenzy] 14/12/2017 09:04

Without news this stock is now dead, back to 5p in the spring

[ayesha4] 14/12/2017 08:56

Great price to average down.

[dave4545] 14/12/2017 08:47

First purchase arab3

But I hate sets, the way they can slaughter the price on nothing volumes is scary.
Suppose it can rise the same way as well

[arab3] 14/12/2017 08:45

averaging down dave ?

[dave4545] 14/12/2017 08:43

Brutal this morning here. Picked some up sub 10.75p

[dave4545] 14/12/2017 08:16

Hate sets stocks, they are a law to themselves.

Might pick some of these up soon despite that. Seems to have dropped a lot in a few days. Must be a bounce at some point ?

[ch4p_85] 14/12/2017 08:11

My moneyyyyy

[tidy 2] 14/12/2017 07:49

No dilution, no debt, low cash burn £200k pa and £4m+ in the Bank. Glencore JV 50/50 partner funded the way. Best in class studies funded by GLEN and all licenses and permits in place granted by the ROC who has the option to have min 10% of Zanaga and who already has 15% of the new port development that fits the FS spec required by Zanaga for export. All boxes ticked that 99% of AIM stocks will never attain and has everything to sing about. Zanaga $400bn profit over 30 yearsEdison report states Zioc retains 18% of mine free for life of mine in worse case scenario Updates this month.

[topazfrenzy] 13/12/2017 20:21

tidy, I'm sorry your investment is going the way I predicted and NOT yours.

[topazfrenzy] 13/12/2017 18:48

I am not on lse, that's for losers, and why would they ban me here? For speaking the truth?

[topazfrenzy] 13/12/2017 18:45

Who? Bob and Lily?