Zanaga Iron Ore Share Discussion Threads

[topazfrenzy] 15/3/2018 11:44

fox I bought way more than that before I sold at around 22p, I since bought back in tranches between 12-15p and will hold until it multibags. What I find annoying is that with news so close, those with teeny weeny holdings keep selling for no reason other than sheer stupidity.

Anyway, the 'big boys' seem happy to be taking the shares off them, as they are again today.

[1fox1] 15/3/2018 11:43

Whatever I'm waiting for you to sell and seeing you flip/flop again. Hypocryte

[topazfrenzy] 15/3/2018 11:41

and by the way fox, when I was referring to the big boys, I meant those accumulating behind the scenes, not PIs with deep pockets only. I am not one of the big boys, but I am not selling my relatively small holding (compared to yours I'm sure) lol

[1fox1] 15/3/2018 11:40

Topaz I have a long memory. I remember you saying that you bought 20,000 shares at about 6p. Equates to £1,200.

[topazfrenzy] 15/3/2018 11:35

fox, calm down please, I stand by my statement, people shuffling their £2000's worth of shares instead of waiting for x5 in a few months are ridiculous

[1fox1] 15/3/2018 10:49

Pete......Then topaz shouldn't be so rude eh? "Wimpy holders with their two grands worth"

[petebarnes1] 14/3/2018 18:57

I am holding tight mate

[extrader] 14/3/2018 17:19

Hi GTA5,

The political risk issue here for me is that the President could drop dead at any time and anything he signed off on be 'up for grabs' - or at least delayed until the dust had settled and a successor fought off challenges and 'revisited' previously agreed arrangements ;-<<br />
The delay over environmental permit may AIUI be over sensitivities that ENI's very public financial support for a power plant using hitherto flared gas as fuel ( a Good Thing) was accompanied by a permit to exploit C-B's tar sands (not a Good Thing).

I don't know current status (it may have been knocked on the head by economics in a low POO environment), but the environmental lobby is aware and doubtless following.

hxxps://za.boell.org/2014/02/03/enis-investment-tar-sands-and-palm-oil-congo-basin-resource-governance

ATB

[gta5] 14/3/2018 16:26

Extrader,
good points/link about "hesitation by Western companies is political risk"
To me this is just part of normality for a lot of developing countries, and sadly the case in ROC too.
As appalling as the corruption and cronyism is from a humanitarian point of view, it can also have a stabilising effect. The fact that he is the "President for life" allows for longer term planning, bribing your way to quick results, getting rid of bureaucracy etc etc.

Like you rightly point out; for Glencore/ZIOP being in the ROC I think is part of the reason they are struggling to attract finance, but on the flip-side it might be the reason they've been given the relatively attractive terms, (only 10-15% to ROC?), the environmental permit in what is a delicate ecological environment, Gov support to release land / expropriations etc...

[topazfrenzy] 14/3/2018 16:20

Those with sense will not let one share go at this stage.

[topazfrenzy] 14/3/2018 16:16

Wimpy holders need to leave the space with their couple of grand's worth and leave it to the big boys to accumulate, fortunes will be made here starting this year.

[petebarnes1] 14/3/2018 14:32

have to agree

[topazfrenzy] 14/3/2018 13:54

People have been loading up on the quiet here, the big trades last couple of days included, MMs waiting to fill hidden orders IMO

[ayesha4] 14/3/2018 13:16

When RIO eventually buys in this will go ballistic

[petebarnes1] 14/3/2018 12:23

lol i am always up

[petebarnes1] 14/3/2018 11:26

morning all up again

[petebarnes1] 13/3/2018 19:55

fox if yu read the post its greedy labs post i copy and paste it

[1fox1] 13/3/2018 17:25

Pete this is the post I mean't I didn't know what you where on about.

petebarnes1 12 Mar '18 - 15:33 - 304 of 320

Post 304

[petebarnes1] 13/3/2018 16:42

No waffle closed up7%

[petebarnes1] 13/3/2018 16:00

oh foxy 1 you kill me

[1fox1] 13/3/2018 15:57

Looks like you have arrived just in time Ant :o)

[petebarnes1] 13/3/2018 15:49

leaky leaky