Zanaga Iron Ore Share Discussion Threads

[xcap1] 05/10/2023 22:00

Great article and yes that's why I'm in Zioc . I was also in black iron Bki (Tsxv) but the Ukraine war wiped out my investment . They have a very high purity fe content of 66% , it'll get there but but it's another 10 year story now. Green steel is the future I'm in cerrado gold , fantastic gold project but check out there presentation and have a look at their iron ore asset bought from Voyager metals earlier this year , ready to go and the Uk financing almost in place , the irr and free cash flow is truly insane . Zioc will get there and we can now hopefully look forward to real positive news flow rather than speculating when and what the next rns will reveal

[xcap1] 05/10/2023 16:21

25% rise can't grumble I suppose :))

[sooty snipes] 05/10/2023 15:19

Texaschaser filtered. D'head.

[extrader] 05/10/2023 12:11

Wrong country.

[texaschaser] 05/10/2023 10:08

Huge multiples from here for something in the ground?

Q: How do you think assets are valued? A: Cents on the dollar in the ground.

And in the DRC. You have to be kidding. Get the bribes out.

[xcap1] 05/10/2023 10:03

T where's the pump here? We try and keep things as factual as we can, excitement can spill over, justified I think as it's been a long 10 years in the making

[texaschaser] 05/10/2023 09:39

Runnerpete22, Xcap1 - two of the pumping gang ..who else?

[xcap1] 05/10/2023 09:08

Texas try the HZM bb , you'll have far more success there

[runnerpete22] 05/10/2023 09:05

If you dont hurry up Texas, you are going to miss the school bus.

[texaschaser] 05/10/2023 08:33

Massive spread. Lose 20% just on buying. Estimates on share price target are 'pump-tastic'. Which pump crew are running this ring? Don't be fooled by the BB silk tongues.

[texaschaser] 05/10/2023 07:55

BB pumpers trying to sell into newbies to get out is typical. No more bags left, running out steam.

[xcap1] 04/10/2023 18:40

Well done I was too lazy and actually forgot the figure , 20% is significant and substantial given the capex requirements! So that a stated figure in an RNS so we should expect a figure in this region . Given the the board have to Uber cautious I just wondering if the internal expectation could be more

[yorkie52] 04/10/2023 14:58

Sorry Xcap1s Just seen this from per
annual results RNS:

Guidance provided by Chinese EPC Partner that potential capital and operating cost savings of more than 20% could be achieved.

[yorkie52] 04/10/2023 14:49

Where have you seen that the Chinese studies could deliver better economics. Yes they could show better economics if they improve design but I fear capital costs could be significantly more given cost inflation for mining equipment. One thing in our favour though is the higher iron ore prices so there may be scope to include higher prices in figures. Whatever, the npv will be in billions totally dwarfing the market cap of Zioc. Hopefully they will pull off a sale or joint venture which will bring the share price up to multiples of the current price.

[xcap1] 04/10/2023 12:41

After the disaster at HZM ZIOC is one of the the last true high potential mining stories left on the London markets

[xcap1] 04/10/2023 11:26

Picked up another 100k , had to be done

[xcap1] 04/10/2023 09:52

And let's not forget the Chinese studies are expected to show better economics (cost savings) as stated in last weeks rns This is most significant along with the other stated milestones

[xcap1] 03/10/2023 08:03

If we hit 18p last time in anticipation of positive news this time I hope we can reach 25p where I think it should form a base for support

[runnerpete22] 02/10/2023 21:03

Yorkie...and due course suddenly looks like being sooner rather than later,, especially after the IMMINENTLY comment last week, and todays news AFTER HOURS.
Why not the usual 7AM timing tomorrow.

[yorkie52] 02/10/2023 20:41

I like this at the end of Elphinks statement in today's Rns.

"I would like to thank my fellow board members and management team for this continued support and belief in the future value which we expect to unlock in due course."

[bbanker] 02/10/2023 20:18

At last there seems some prospect of the value of this company being recognised. Nothing has happened for many years and investors have almost given up hope of achieving something from the huge value sitting near the surface of what represents one of the largest sources of iron ore in the region. It seems that life is returning to this company and very long term patient investors will at last be rewarded. Clearly those employees who have been unrewarded for a considerable period recognise that the prospects for the Zanaga project are nearing realisation at last. Well worth holding onto for what could be a very interesting ride.

[runnerpete22] 02/10/2023 19:00

From the RNS "Clifford Elphick, Chairman of ZIOC commented:

"Due to the strong belief in the value potential of the Zanaga Project, and in an effort to avoid burdening ZIOC with cash remuneration, for the last few years none of the Board members or management team have received any remuneration. I am pleased to report that the Board and management team have accepted a reduction of 65% to the value of their deferred remuneration, and have agreed subscribe for shares in lieu of cash payment in order to preserve the Company's cash resources."

And as stated by NIBJ over on LSE

"You only accept 65% reduction because you know what will be real value. game is closing very soon"