Zanaga Iron Ore Share Discussion Threads

[1fox1] 04/1/2018 10:26

Nah topaz. Don't agree. 15p looks like a good base to me. Today could be the day for you to dip your toe in in my opinion. C'mon topaz you know you want to.

[topazfrenzy] 04/1/2018 10:13

I told you to take your profits yesterday but that with your personality you will wait until 5p, so see ya there tidy 2p

[tidy 2] 04/1/2018 10:06

Hello clueless.

[topazfrenzy] 04/1/2018 10:00

Glencore will just wait until ZIOC runs out of cash and just buy their share for £1

[topazfrenzy] 04/1/2018 09:59

Back to 12p before you know it, the rampety ramp is only that, a big fat ramp.

[gta5] 03/1/2018 23:41

Thanks Extrader. Very interesting. that might just be the way... lets see....
GL, GTA

[simpletonremover] 03/1/2018 17:49

When a post stands out, it's worth highlighting.

This one taken from LSE stood out.

______

RE: Markets catching on

Today 16:33

Ironic, I agree with your comment that AIM often has a corrupt sting in the tail but this one intrigues me.

Over 25 years I have developed two broad investment strategies, one is long term buy and hold value investing and the other is, for want of a better expression, vulture capitalism.

Companies that have a valuable resource but have overextended themselves. I'll be with the bondholders wiping out the equity and taking the company off them. A nicely profitable business.

So when I look to invest at equity level, I am all too aware of the pitfalls and look to see who could mug me before getting involved.

So the fact ZIOC has no debt and no financial commitments that they can't service for a few years is a big tick.

The next thing I'd look for is how aligned are the BOD with the shareholders. Is it in their interests to do a dodgy deal, line their pockets and stiff the shareholders? Seen it so many times.

Leaving aside that the BOD have been exemplery to date, there is no where to hide the massive envelope that would be needed to match what the Board would get from simply getting a fair price for the company. So IMO this risk is a non starter.

Of course this is Africa and anything can happen. But the ROC are currently on a track to encourage investment. They are massively involved with bringing in Chinese infrastructure and setting up enterprise zones, so presently it looks like they want to make money the honest way by actually creating something.

So with the wary eye of a poacher, I am in on this one. I think it is the most interesting share I have come across in my investment career. Happy to hear from others who want to poke holes in the investment case.

[tidy 2] 03/1/2018 16:42

Has an agenda mate putting buyers off. Take your pick on his intentions

[sooty snipes] 03/1/2018 16:40

He must be secretly gutted watching it go from 10p to 18p in such a short time

[tidy 2] 03/1/2018 16:14

He's a goon sooty not an investor.

[tidy 2] 03/1/2018 16:00

China paying $10.5bn per 1.1bn mt for Simandou which requires $20bn capex. Holds 2.4bn mt in total and 65% ore. Zanaga 6.8bn mt. 66-67.5% ore. $2.2bn capex and China are building its $2.2bn new port already passed and protected by law and has ROC investment. The port is Iron ore specialised and only Zanaga is available for its use plus is in the same location ZIOP planned for their new port but now complements of China its sorted.

[topazfrenzy] 03/1/2018 15:53

tidy, we are discussing Ripple not some stupid dirt in the Congo that needs Billions to get out, not to mention the shipping to China on the other side of the world! 4 years to build a port, not funded or started yet and you think anyone is going to touch this?? Dream on! Glad you made some money off it though, the ramping finally paid off for you, if you cash in of course but knowing you you will probably wait until 5p before selling and crying in your laptop lol

[tidy 2] 03/1/2018 15:49

Clueless topaz if you called the bottom and top why have you missed it this time. Liar basically. The end.

[topazfrenzy] 03/1/2018 15:48

If I had I would have made 45,000% so unfortunately not

[sooty snipes] 03/1/2018 15:48

Yummy..............Sugar, da do da do do.......... Oh honey honey :o)

[topazfrenzy] 03/1/2018 15:40

fox I made 200% on Ripple no not concerned, too risky here as it could dive 70% in one session and it will when they report back with hot air in Feb.

[qs99] 03/1/2018 15:39

trying hard again to punch through 20p...DYOR

[1fox1] 03/1/2018 15:38

Topaz you have been saying this from 10p. You have lost another 80% profit in this time. Tut tut tut. I told you so.

[topazfrenzy] 03/1/2018 15:36

I am very happy for those who are making money, well done, now make sure you book profits before the inevitable happens! And I mean the crash when the dirt in the ground no one wants becomes obvious to everyone, not just to Glencore.

[1fox1] 03/1/2018 15:33

King Topaz Canute. You're trying to hold back the tide...........

[tidy 2] 03/1/2018 15:33

Hello clueless.