Zanaga Iron Ore Share Discussion Threads

[amitburnshort] 20/12/2017 10:01

The Chinese building a port, that starts work in January and has a specific berth for Iron Ore ships points otherwise.

China will buy as much of this Asset as it can, that is without doubt, especially as this is such high grade pellet.

[topazfrenzy] 20/12/2017 09:57

Because you are telling porkies tidy, there is no deal coming and stop pretending, if the Chinese got involved in this, the present shareholders would get obliterated, they would have to issue equity ad infinitum as a capital raise, the board will do ok as they would get the equity too etc etc

Only Glencore developing this would create value or them buying the ZIOC half, but since it was made clear last week by Glasenberg that this would not happen then the punt is off.

Ramping something ad infinitum does not make it viable, a white elephant, which is what this is, is not viable for present shareholders, this is the simple truth.

People should probably short this all the way down to 2p as that is where it is going IMO.

[tidy 2] 20/12/2017 09:15

I'm sure we went over this yesterday Topaz. Why are you even hanging around here if you can't even read the obvious

[topazfrenzy] 20/12/2017 08:52

However way you package it, the reality is that this dirt in the ground without Glencore wanting to develop it is worth nothing, due to infinite equity issue at this price so forget about it until they decide they want to do something with it and Glasenberg made it clear that they do not. This will sit there for years to come and by then ZIOC will go bust due to lack of cash.

[topazfrenzy] 20/12/2017 08:42

No news here as predicted.
The story may be great but the reality is something else, to do an equity issue to get third party aboard would obliterate current shareholders, thus no one buying in except gullible PIs.

This has become the white elephant no one wants to touch I’m afraid, time you all woke up!

[tidy 2] 20/12/2017 08:19

The new mobile layout is well smart on here btw.

[tidy 2] 20/12/2017 00:32

Brilliant. Spells it out. New $2.2bn port catered for Zanaga by the Chinese makes perfect sense.

[petebarnes1] 19/12/2017 23:57

indeed tidy

[kirk 6] 19/12/2017 21:53

Think we will see 20p tomorrow

[glenkaz] 19/12/2017 20:17

20p easy again 🎅 rally and shorts F off! 🤡🖕

[wisteria2] 19/12/2017 19:09

Not a bad day for us !!! more to come for the foreseeable>>>> GLA |HOLDERS

[petebarnes1] 19/12/2017 16:44

tidy thanks for all he valued info good finish

can not believe topaz is on here all day every day , he is looking like a buffoon must be unemployed or unemployable . topaz stop whist you are behind

on and upppppp

[topazfrenzy] 19/12/2017 16:34

tidy, I'll wait to hear the update from the horse's mouth and then re-evaluate, thanks for clarifying.

[glenkaz] 19/12/2017 16:28

Come on 30pppp 🤡✌A039;

[tidy 2] 19/12/2017 16:08

The environmental permit was the last hurdle to clear this for production. The new investors wanting to take the project forward needed this piece of paper before they could sign on the dotted line. What connects ZIOP and China? Ans- ROC government who got a sweetener in the form of a free €50m parliament building ROC gov allow new port and Grant the Zanaga Enviro Permit

[tidy 2] 19/12/2017 16:02

Zanaga will be funded using a portion of ZIOC's stake to a third party. Glen don't have to do anything.

[chesty1] 19/12/2017 15:57

Picked up a few here today at 12.5p and happy to hold don't forget VAST news due over there very soon!Buy buy topaz!!

[divmad] 19/12/2017 15:57

Does ZIOP have a ML beyond 12mtpa? No

Does GLEN consider iron ore to be a core mineral in their portfolio? No

Can ZIOC say no, if a sale price agreed between GLEN and the Chinese is unacceptable? Probably not.

[tidy 2] 19/12/2017 15:49

Also for the doubters, Zioc is the only advanced iron ore project in the vicinity of the new port. Mayako is close but considerably lower reserves and years behind zioc as they have not completed their feasibility study yet. Most of Congos iron ore is in the north and will be exported through Cameroon. So the new iron ore berths can only be for us. Look up my older posts for facts on the other iron ore projectsAs my mate Scott says.