Zanaga Iron Ore Share Discussion Threads

[johncasey] 23/4/2019 12:21

buying going beserk today..probably that article re shipping first iron ore to china

[greenelf] 23/4/2019 11:46

We have a buyer today, noice.

[johncasey] 22/4/2019 01:02

looks oversold

[pugugly] 16/4/2019 17:47

Extrader: Thanks for heads-up - Had spotted name etc but had not checked d-o-b. Now back to sleep until next low ball alert pings.

[extrader] 16/4/2019 17:42

Hi Pugugly,

This Trahar is Andrew's dad, former big cheese at Anglo Gold. The clue is in the d.o.b.

Lots of people got (briefly) excited at his involvement in BS, which owns the technology for the cold palletisation process, which never made sense, because if the technology worked, BS would license it to any iron ore producer, so it's not conferring any benefit on Zanaga, esp. as we have no production for the foreseeable.

In any case, it's not clear that it works on a commercial scale yet and - if you followed the recent IP - Trahar junior acknowledged that ZIOC wasn't pursuing.

ATB

[pugugly] 16/4/2019 14:58

May already have been mentioned but discovered that Trahar is also a director of binding solutions ltd.

02 Apr 2019 Second filing for the appointment of Anthony John Trahar as a director
This document is being processed and will be available in 5 days.
Not sure of the implications - If any - Thoughts?

[greenelf] 15/4/2019 16:37

So Gta is still peddling that he is the "road expert". Laughable.

[extrader] 15/4/2019 16:28

Hi GTA5,

Thanks for this, largely concur with your view (the $1M Q for road repair was mine...).

Also agree that EPP is likely a 'useful time-filler' whilst they wait for the Fat Lady to finish gargling.

Thirdly, if you start with a realistic enough assessment of timelines, any surprises are likely to be to the upside !

FWLIW, whilst I've no intention at present of increasing my own 'mad money' punt, I've taken the new tax year as an excuse to treble my grand-daughter's (even more modest) holding...which probably gives a steer as to the appropriate investment timescale !

NAI, DYOR et etc

ATB

[extrader] 12/4/2019 16:00

Hi Gimmethefax,

ZIOC IPO'd just before iron ore prices crashed. They've made a recovery recently, but memories linger. The resource is fabulous, but is a stranded asset, 350 KM from the sea, without power for the mine, transport of product to the coast or a port to export from.

It's in Congo-Brazzaville, which ranks very low on 'ease of doing business' and very high on Transparency International's corruption index.

C-B has a very high external debt-to-GDP ratio and has been in lengthy discussions with the IMF about debt restructuring/rescheduling/ forgiveness.

The IMF has so far been reluctant to play ball, because a fair %age of C0-B's debt is owed to the Chinese, who have hitherto been reluctant to join in the likely burden-sharing.

On the bright side - and the reason some people are invested - a number of these negatives MAY be being addressed, helped along by a resurgence in iron ore price, itself driven by Chinese concerns re air quality (encouraging use of higher quality ore - like ZIOC's) and most recently the tailings disasters in Brazil, which have squeezed supply.

There are a lot of moving parts that all have to get in synch, but the high risk MAY be matched by high or higher potential reward. Only you can judge whether it meets your own risk/reward approach.


If you start by reading the recent Investor Presentation and read between the lines, that'll give you a good start. You could then , of course, always contact the Company.


NAI, DYOR, etc etc

[gimmethefax] 12/4/2019 14:18

I don't disagree. The share price may recover massively on a good RNS.

I am more interested in the actual future of this company (regardless of what the share price is). I cant see what's taking so long? And what are these guys actually doing on a day by day/ yearly basis?

[ayesha4] 11/4/2019 16:03

I think you are wrong.This is very close to the lows. Buying here will give a big return.

[topazfrenzy] 10/4/2019 08:56

Yep, 2019 is RIP year for this dog

[gimmethefax] 09/4/2019 15:08

Thanks. I don't know why I didn't think of that. I don't personally hold, just looking.

So am I correct in thinking these guys have reported nothing substantial or new in many years? Other than cash reserves decreasing (albeit reasonably slowly).

[extrader] 09/4/2019 14:56

Hi Gimmethefax,

Why not go to the source ? hxxp://www.zanagairon.com/

ATB

[gimmethefax] 09/4/2019 14:52

Can somebody explain why their financial reports on London Stock Exchange only go back as far as 2017?

[tyranosaurus] 09/4/2019 13:52

ZIOC multi bagger for 2018
Not possible now.
ZIOC bust in 2019
Extremely likely

[sandcrab2] 05/4/2019 13:16

I have to say that it does all seem to be a little unlikely

[topazfrenzy] 05/4/2019 12:25

They cash in 1 Million Dollars a year doing NOTHING, just issuing the same RNS every few months!

WHEN WILL YOU WAKE UP!!!!

[topazfrenzy] 05/4/2019 12:20

If there was interest they would not be pitching on that pathetic youtube rubbish channel

NO ONE IS INTERESTED ... THEY ARE WAITING FOR THE LAST BIT OF CASH TO GO INTO THEIR POCKETS THEN IT'S LIGHTS OUT ...

HOW MANY REMINDERS DO YOU NEED!!!!

[topazfrenzy] 05/4/2019 12:12

Shareholders will be wiped out and the project stolen by someone, they will get it after you've all been written off, be warned ...

[topazfrenzy] 05/4/2019 12:09

Biggest con going lol

get out before it goes bust, which is getting very close

[gerry pacemaker] 03/4/2019 17:26

Just click on the link for the interview