Zanaga Iron Ore Share Discussion Threads

[tidy 2] 20/12/2017 12:44

High grade iron ore is the only game in town now. Low grade is worthless. This is pushing the price up and it's a case of grabbing the high grade resources which Zanaga is the best. Add this fact to China building a new $2.2bn deep vessel port to the spec required and reported inbthe 2014 Zanaga Feasibility study you can see what the next move will be. Zioc announced on Nov 8th the Enviro Permit is granted by ROC and they already knew then that they had updates on funding to come this month on getting the resource to production. Anytime now updates will start.

[tidy 2] 20/12/2017 12:26

Topaz basically you bought in for the Enviro Permit 3 years early and now has a preconceived issue with ZIOC. If you know the stock so well why haven't you posted the article last week is a rehash of old news from glen. Also it is ZIOP who know what is going on which is a sidearm team of GLEN in which ZIOC bod work closely with.

[sooty snipes] 20/12/2017 12:14

Tidy and Topaz...... How about you two just starting your own thread? Both of you are equally boring. Thanks

[topazfrenzy] 20/12/2017 12:13

tidy you obsessed man, I am trying to help you all.

I sold at 22p average, was in at 5p or thereabouts. I've been in and out of this one for 3 years now.

Since the permit, the story is stuck again and people arrived out of nowhere to ramp this to high heaven, your info is helpful but really boring, and was in the public domain for years already.

Glencore last week was the last hope for this and when asked about this project Glasenberg put an end to it for the foreseeable future, very clear to read.

[tidy 2] 20/12/2017 11:52

The receipt of the Environmental Permit is a significant milestone in the advancement of the Zanaga Project, together with the Zanaga Project's Mining Convention and Mining Licence. The Project team will now seek to advance the appropriate port and power arrangements with the relevant bodies in the RoC.The project team remains encouraged by improving iron ore market conditions for premium products. However, any development of the 12Mtpa Stage One project is dependent upon financing.Clifford Elphick".....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"Ie this month. All on track as per the presentation which states construction to begin jan 2018.

[tidy 2] 20/12/2017 11:41

Enviro Permit and port of power where the last two hurdles to get funding sorted. Read the historic research here. My notes ZIOC port and power. September 9th 2017????????????????Name is abbreviated to COIDIC in English.This is the company doing the Feasibility Study for the Pointe Noire SEZ including the new port development.http://www.cdb.com.cn/xwzx/khdt/201709/t20170928_4621.htmlThe article above first talks about a recent deal COIDIC has signed with the Ivorian Government.At the bottom however it mentions it has an agreement with Congo Brazzaville as well. (Again if you use google translate it translate it wrongly to Democratic Republic of Congo).Then at the bottom the most important bit is this: ???????????????????????????Significant progress has been made in regards to the Pointe Noire Special Economic Zone (SEZ).What we already know.May 8th 2017:"As regard the special economic zone of Pointe Noire, he said that the next step is also scheduled for the end of May. We will then get all the conclusions of the feasibility study undertaken by the Chinese" http://zes.gouv.cg/en/alain-akouala-atipault-and-xia-huang-talk-about-last-fixes-projectMay 18th 2107:"Development and earthmoving works relating to the site of Pointe Noire will start by the end of this year."http://zes.gouv.cg/en/head-state-visits-special-economic-zones-site-pointe-noireMay 19th 2017:Representatives of Exim Bank of China travel to Congo Brazzaville with Vince Minister of Exim Bank "attaching great importance to the New Port Project in Pointe Noire, Brazzaville Economic and Technological Development Zone, and CFCO project undertaken by CRBC".http://www.crbc.com/site/crbcEN/companyNews/info/2017/4685.htmlJune 9th 2017New laws made in Congo Brazzaville in relation to SEZ. (Also with the help of China)http://zes.gouv.cg/en/adoption-two-laws-special-economic-zonesJuly 31st Beijing. Minister Bouya met CRBC."Congo-Brazzaville is willing to proactively cooperate with CRBC to complete the project financing within the SHORTEST POSSIBLE TIME"http://www.crbc.com/site/crbcEN/companyNews/info/2017/4875.htmlAugust 1st 2017: Li Xingtao General Manager of 'New Cement Plant Brazzaville'. "Comstruction for the New Port of Pointe-Noire will start soon. We hope to supply the Pointe-Noire development project."https://m.sohu.com/a/161313971_115124/?pvid=000115_3w_aAugust 10th 2017:Lu Shan Chairman of CRBC meets with Minister Bouya and President of Congo Brazzaville."Lu Shan noted that the delegation of the Republic of Congo has made great achievements during its visit to China, which can SIGNIFICANTLY ACCELERATE CRBC's New Port Project in Pointe Noirehttp://www.crbc.com/site/crbcEN/companyNews/info/2017/4901.htmlSeptember 9th:COIDIC "Significant progress has been made in regards to the Pointe Noire Special Economic Zone (SEZ)".November 6th: ZIOC awarded Environment Permit.

[tidy 2] 20/12/2017 11:35

You just can't work it out can you. All leads me to believe you are bitter. After ramping this for so long you sold only for the permit to be granted. Even since then you have cried and winged because you missed the boat. New port sorted $2.2bn (not very well researched are you)Enviro Permit granted. New parliament building accepted €50mWho paid for all this CHINA. Who granted all this, ROC Gov. The port is specific to Zanaga Ore which is the only Ore available to be exploited. It also happens to be the world 5th largest at 53% proved up and also the highest grade ore of the worlds top 20 ore resources and the only one not exploited. Zioc has 50% minus 1 share. Glencore has 50% + 1 share controlling interest.

[wisteria2] 20/12/2017 11:34

2p target on your cfd then topaz! hence the negative stance! lol good luck with that.

[sooty snipes] 20/12/2017 11:33

"Tidy, you have become obsessed"......That's a little ironic don't ya think topaz? :o)

[abeygale] 20/12/2017 11:30

Well I rather loose out on £4 buying them back, than to be heart broken every time this rises after I sold. I often put up a deramping post after I sold just to test if I done the right thing, lol.

[topazfrenzy] 20/12/2017 11:21

Unfortunately, the reason I believe this will tank is that no news will come soon and people will get out as they've been promised the earth (not just the iron ore).

This company has a habit for going silent for many months on end, the Environmental Permit was 2 years late or something for starters. I repeat, without Glencore wanting to invest in this to develop it no one will, they do not need this resource, certainly not RIO! The Chinese would want a partner, and with Billions needed here, this project will remain mothballed for years to come, AIMHO

Tidy, you have become obsessed, equity fever has got hold of you!

[sooty snipes] 20/12/2017 11:19

This is why I don't pay any attention to what posters say on a bulletin board.

[abeygale] 20/12/2017 11:13

Thanks Tidy. I am convinced that my sell at 12.66p was bad timing and I have just bought back in.

[petebarnes1] 20/12/2017 11:08

thanks tidy hoping for an rns this week

[tidy 2] 20/12/2017 10:49

Is it really? Zioc have £4m in the bank and tiny cash burn and have never diluted. This £4m would last them years with cash burn circa £200k pa. Zanaga $350m spent on Best in class studies and all permits and licenses are granted, also China are building our $2.2bn new port at no cost to ZIOC or GLEN. Amur had 1 Permit granted of 4 that are required and then had death spiral financing. Plus they are in the middle of Russia somewhere. Il say it again. Zanaga $350m spent on Best in class studies and all permits and licenses are granted, also China are building our $2.2bn new port at no cost to ZIOC or GLEN. Zioc Stated on Nov 8th when announcing Enviro Permit has been granted that there will be updates this month regarding getting this valuable resource to production. The Edison report stated worse case for ZIOC is 18% free carry for LOM by essentially using 32% of their 50% to bring in third party funding. All roads and New Ports link up Zanaga and Chine.

[gemstar2] 20/12/2017 10:46

When Glasenberg said that Glencore would not be selling before a vastly increased iron ore price, what was the price then?

[abeygale] 20/12/2017 10:29

I know what happened to Amur after it went up to 43p after winning its license. The same is already happening here.

[sooty snipes] 20/12/2017 10:25

No time for short term gamblers. Let's hope you miss out

[abeygale] 20/12/2017 10:22

Im out. Sold at a nice £180 profit. That will do and now be looking to re-enter at 10p.

[sooty snipes] 20/12/2017 10:21

"We look forward to providing further updates to shareholders towards the end of the year.

Note the word updates(plural) Clifford Elphick seemed quite sure of himself when he made this statement on the 8th of November. I cannot see any reason to doubt him. The company hasn't been prone to making rash statements in the past. Just be patient people. I wouldn't be influenced by anything said on this board from both sides of the divide.

[topazfrenzy] 20/12/2017 10:03

So many oracles on this board, 'without doubt', yeah whatever ...

The Chinese will grab this for nothing at some point .... without doubt also