Zanaga Iron Ore Share Discussion Threads

[petebarnes1] 09/3/2018 11:02

i actually think glencore will want to sell & also zioc to a third party. And are just advertising the asset and its quality to the market. Rio tinto would be a prime buyer. I think the small development is just to show whats for sale. not glencores thing really

[tidy 2] 09/3/2018 10:58

Remember Glencore issue results on their production plays they wouldn't be adding Zanaga into this category for obvious reasons. Talking to AT he says Glencore still have Zanaga at the ipo price fwiw.

[petebarnes1] 09/3/2018 10:55

Extrader the resource is not going away its being proven up, so Glencore are irrelevant in the scheme of things.. You have actually highlighted the point again that the whole kit and caboodle could be bought up in the medium term. I am in big for the end game DYOR

[extrader] 09/3/2018 10:44

Hi tidy2, hi topazfrenzy and petebarnes1,

You're all emphasizing GLEN's commitment - it's hard to see what else they could be doing in the circs !

All we know that GLEN themselves have to say about ZIOP is that they view their stake as 'option money'. Ivan is on record as saying that he isn't keen on greenfield projects.

When you look at yesterday's RNS, what GLEN have actually done is they've committed to spend US$ 750,000 for ZIOP's 2018 development budget. Iron ore doesn't feature as a line item in GLEN's recent results, which include capex of US$ 4.2 billion.

I'm a (modest) holder, because I like the LONG TERM risk/potential reward ratio, but let's do a reality check from time to time.

ATB

[choomi] 09/3/2018 10:44

It's so obvious it was small fry traders who were the sellers yesterday and today. Just look at the volume.

[topazfrenzy] 09/3/2018 10:42

The update yesterday was a knockout, only fools sell on that news.

[petebarnes1] 09/3/2018 10:42

Nash exactly Q2 begins April so not long to q2

[nash81] 09/3/2018 10:24

Q2 - is only a couple of weeks away... we could well have other surprised news along the way

[tidy 2] 09/3/2018 10:24

3v1 on NEX FYI

[petebarnes1] 09/3/2018 10:07

Indeed fox, all that has happened last 2 days is traders have moved out. Leaving investors to take the slack. Glencore committed to getting this off the ground with zioc is massive news. And the quality of the resource is money in the bank. Its a almost guaranteed return on the investment. hence bounce back has begun.

[1fox1] 09/3/2018 10:02

At this stage of it's development I would think 20/25p should be the more realistic valuation leading up to the Q2 update. I feel too the company is ticking all the right boxes.

[sooty snipes] 09/3/2018 09:52

ADVFN is showing a fake price. The price to buy is 13.4p to sell is 12.8p. This share is way undervalued at this level. The company has met all it's milestones up to present. What's not to like?

[topazfrenzy] 09/3/2018 09:03

Some PIs can't seem to understand the importance of Glencore pushing this forward at this stage. To have them doing this speaks volumes, this is going to be massive at some point, starting this year IMO, the market will wake up to it, by which time these bargain prices will be long gone.

[tidy 2] 09/3/2018 08:44

Full update next. Glencore fully committed. Zanaga, high grade ore in high demand. 84% premium

[choomi] 09/3/2018 08:21

no it wont aussieb3

[aussieb3] 09/3/2018 08:20

This will go down to many weak seller with no news prob for a few months, prob go to 10p . Long term the potential massive but u have wait a year unless they get taken over.

[tidy 2] 09/3/2018 08:16

Mms digging another deep hole hoping they can get sellers.

[nash81] 09/3/2018 00:13

this is way overdone and oversold. will be back up tomorrow once more punters read through the RNS and realises the potential. more holders will be buying especially as sellers/10% traders would have mostly sold today

[highly geared] 08/3/2018 22:10

Sooty; have a look at Asiamet Resources (ARS); similar story in copper- huge assets, production licenses for 25 years , top BOD, good infrastructure and timing the sweet spot of the copper price cycle to peak 2020-30. But, similar to here, it’s playing the long game (3 years +) for the big gains.
I’m heavily in ARS and have recently taken a small stake here as I like the high grade FE angle ( demand) , commodities cycle recovery and the fact Glencore are the partner.
This feels a 2-3 year investment but one that might give 10-20 bags for the patient...

[sandcrab2] 08/3/2018 21:11

Topaz seems to have gone quiet all of a sudden

Looks as though we're in for a long haul here

[petebarnes1] 08/3/2018 17:22

I do hate that man Barnier, the eu are so uncompromising its untrue. Andrew and his team are world class, and they have shown with there un daunting professionally that they know how to make a company world class. I am presuming once the jam tomorrow brigade have left, the longs and investors will be filling there boots for sure. And we have press write ups and so on to follow. I can see the headlines Zioc fully backed in major high quality project by Glencore. FANTASTIC. And the news flow will continue on in q2, i am happy.

indeed sell of was just madness, transparent jam tomorrow brigade, should be clear now and able to bounce

[sooty snipes] 08/3/2018 16:37

To be honest with you the more I read the RNS the better it gets. Cannot understand the sell off. Crazy in my view.

[the greedy labrador] 08/3/2018 16:07

What I see today is a massive overreaction because for some reason the market seemed to expect a Chinese buyout circa 50p upwards. Zanaga have delivered on their original update. The project is progressing has they had planned. What's the problem? There isn't one. Do you want £2-3 a share in a couple of years or 50-60p today? I'm convinced this company is genuine unlike 90% on AIM. I'm sticking

[petebarnes1] 08/3/2018 16:06

I do hate that man Barnier, the eu are so uncompromising its untrue. Andrew and his team are world class, and they have shown with there un daunting professionally that they know how to make a company world class. I am presuming once the jam tomorrow brigade have left, the longs and investors will be filling there boots for sure. And we have press write ups and so on to follow. I can see the headlines Zioc fully backed in major high quality project by Glencore. FANTASTIC. And the news flow will continue on in q2, i am happy.