Zanaga Iron Ore Share Discussion Threads

[turbotrader2] 09/1/2018 17:49

Tedious this is these days

[petebarnes1] 09/1/2018 10:07

bubbling up nicely

[petebarnes1] 08/1/2018 23:26

just a down day all over the market, chill

[divmad] 08/1/2018 17:06

No posts from Tidy today. Oh look, the share price is down 9% so not worth ramping today.

[1fox1] 08/1/2018 15:21

Hope so just topped up another 10,000 at 13.73p

[thetoonarmy2] 08/1/2018 14:34

As someone on another BB has said this is probably the best T20 now on the market limited downside and massive upside. :)

[petebarnes1] 08/1/2018 11:17

should rise up to feb news

[topazfrenzy] 08/1/2018 10:59

fox, I went in for the bounce so won't hold for long at DEB unless there is some takeover news or similar.

[tidy 2] 07/1/2018 15:43

Sxx required £2bn. The first £1bn has been offloaded into the market. Look at the cap £1bn and look at where the share price is circa 23p. Still 4 years min from reaching the resource before initial production can commence then another £1bn funding is required. Actually the further £1bn maybe required before then but you get the drift. With ZIOC if not bought out we are looking at 18% free carry for LOM and no Shares added in circulation. Independent expert testing in progress now in which an offtake Deal May follow and the third party may take much more. Point is grab some stock and keep them safe.

[tidy 2] 07/1/2018 15:36

Edison report gives overall plan.If Xstrata decides not to exercise the second option, ZIOC will have to either co-finance the construction of the project (which we consider a highly unlikely scenario, given the scale of the project), or be diluted at an NPV. We note though that even if ZIOC is fully diluted, ie the company is not spending a dollar on the project following the completion of the FS, according to the specified formula and based on our own NPV calculation, the company's interest in the project (therefore fully funded by Xstrata) will only be reduced to c 18% from the current 50%. Search for a strategic partner Both Xstrata and ZIOC have recently initiated a search process for a strategic partner, which is expected to enhance the project's value through a commercial off-take agreement and access to the construction expertise and financing. While Xstrata plans to retain its current interest in the project, we understand that ZIOC's stake may be reduced (potentially to zero) once the strategic partner has been found. From the Xstrata standpoint, ZIOC's replacement is positive as it will allow it to split the multibillion dollar capex, thereby reducing the project's risks as well as avoiding the execution of the JVA, which, as we mentioned above, is beneficial for ZIOC. While there is a clear risk that the strategic sale may take place below our NPV estimate, we believe that ZIOC is unlikely to compromise on the valuation of its stake in the project, especially given the terms of the outstanding JV agreement. Moreover, any potential sale of ZIOC's stake to the strategic partner would mean an earlier exit point for the company's shareholders. http://www.edisoninvestmentresearch.com/?ACT=18&ID=6417

[1fox1] 07/1/2018 15:08

Good point Divmad but there's a hell of a difference in valuation there. 957 million to be precise

[divmad] 07/1/2018 11:40

Big difference:

1. Sxx owns 100% of their project.

2. Sxx is self funding, with equity and debt. Try asking Zioc to do that without raising fresh capital.

[tidy 2] 06/1/2018 18:09

ZIOC classed in the same category as SXX. It's noticed then hey. Only ZIOC back by a giant Major tho and not diluted to death like SXX. Mcap comparison SXX £1bnZIOC £43m. Obvious upside.

[qs99] 06/1/2018 13:40

No different from the IMM tip in some regards by IC.....they admit it is binary, massive upside but downside is obvious.....DYOR

[kirk 6] 06/1/2018 13:12

HahaFor those happy to take a chance, Zanaga Iron Ore Company Ltd (LSE: ZIOC) could be the stock of your dreams. Alternatively, your nightmares. This one really could go either way.Wow do motley fool actually get paid for this

[1fox1] 05/1/2018 16:17

topaz something tells me your on a loser there. I'd get out if there's a bit of a bounce.

[topazfrenzy] 05/1/2018 16:03

fox, debs will fund my new mansion lol

[tidy 2] 05/1/2018 15:37

SAI you will be giving Topaz sleepless nights haha