Zanaga Iron Ore Share Discussion Threads

[little minx] 14/12/2017 15:55

I have held my shares from around 4p and am a serious investor when the management are professional. I spoke to AT a while back about rumours on Twitter re take over and he couldn't get off the phone quick enough!

[sooty snipes] 14/12/2017 15:54

Little Minx..... Bit odd to sell isn't it? Surely it's a win win is it not?

[reks] 14/12/2017 15:52

Little minx if you offloaded due to that then you obv are not a serious holder or are just talking BS

If anything it is Glen who have acted wrong by making those comments first which say the opposite to what ZIOC are telling its shareholders.

[sooty snipes] 14/12/2017 15:52

Oh right I didn't know that. Suppose it's what GLEN are willing to sell for that matters.

[little minx] 14/12/2017 15:52

Glen has the controlling interest and manage it so down to them imho so a very poor show all round.

[reks] 14/12/2017 15:48

sooty - they need to confirm what the plans are

Glen are saying they dont want to produce and want to sell at good price

Zioc are saying they are looking at Stage 1 low capex option to start production

so who is right????

[little minx] 14/12/2017 15:47

No it's they shouldn't divulge information to one shareholder and not the rest if it is of consequence to the company i.e. Glencore have their share up for sale. It should only be divulged by RNS to ALL shareholders.I have just offloaded my holding. Despicable behaviour.

[maytrees] 14/12/2017 15:44

Usually when a co share price shoots up without reason, there is an RNS to say "no reason known...etc"

When the share price shoots down for no reason there is often a similar RNS.

The ZIOC share price has plummeted recently - if there is no known reason for the share price fall should there not be an RNS to that effect?

[sooty snipes] 14/12/2017 15:43

So what is it they need to confirm? Cheers

[reks] 14/12/2017 15:37

Little minx - agree they need to rns it

[little minx] 14/12/2017 15:37

I am a holder and now believe they should issue an RNS to that effect. Why tell one shareholder which is totally against the rules.So much for good management.

[reks] 14/12/2017 15:35

Investor has called AT and he confirmed.

[topazfrenzy] 14/12/2017 15:34

reks desperate to get out and cut his losses so he spews out lies all day long, day after day

no news and you'll be getting these for 5p in Jan

[reks] 14/12/2017 15:18

NT to buy at 11p

[topazfrenzy] 14/12/2017 15:05

Reks, you must be looking at some special screen, can't see the moves up, only down down down!

Get out before it hits 5-6p in Jan!

[reks] 14/12/2017 14:57

moving back up on small buys - looks like we could bounce nicely

[noirua] 14/12/2017 14:47

Current publicity on the Congo is weighing heavy on Zanaga. Only time will tell as Glencore hold all the cards.

[tidy 2] 14/12/2017 12:56

Apparently financing negotiations regarding SEZ between RoC and international financial institutions started in Sept 2017.I spoke to the ex-RoC minister for SEZ today (Alain Akouala) and he said he didn't know the current situation.Tom Nicholls

[reks] 14/12/2017 11:40

304k looks like was buy as previous sells were going through at 10.6p

[sooty snipes] 14/12/2017 11:27

Good support around this price 10/11p. Disappointing to fall this far but hopefully 10/11p support will hold and upwards from here. Not a bad entry point if your not already invested imo.

[exploratory] 14/12/2017 11:08

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 :)