Zanaga Iron Ore Share Discussion Threads

[ny boy] 09/1/2017 16:06

If these retrace to 6/7p I'll have a few if the market allows me. Still adding to (PVR) at present but when I have finished there I will have a look in these to see how the share price is.

[topazfrenzy] 09/1/2017 11:38

I agree GTA5, ZIOC will be bought out soon enough, for circa £300 Million in my view, it is a strong hold whatever the daily movements. 2017 should see a deal, the project is ready to roll, only the environmental licence is pending, which is due any time now, then funding should progress nicely.

As you know, it is also the highest grade of iron ore, over 66%, increasingly important to all steel makers due to environmental restrictions in China and elsewhere.

[gta5] 09/1/2017 11:32

I've gone and topped up today.
Not sure if it will hold or not, but I do think there has been a change in the mood on Iron ore for the long term and the news that Glencore is not only out of life support but that they are actively looking to revive old projects and spend some new money is great...
8p or 15p today? not sure, but there is something in the works, 2017 has a lot of potential for ZIOC.. mark my words.

GTA

[chesty1] 09/1/2017 10:32

This could still turn blue today.

[topazfrenzy] 09/1/2017 10:02

Keep hold of these imo, this is rerating and I see it much higher soon, over 20p for starters. All the big miners are holding up and rising, inflation is coming to bite and therefore commodities are the place to be.

Environmental licence should push it much higher but it's good some consolidation happens in the meantime.

[mister md] 09/1/2017 09:37

about to recover some of this mornings drop? in auction at the moment

[emptyend] 09/1/2017 09:04

ADVFN price indication rather weird: 9.00p when the market is actually 9.01-10.50 and the last trade was at 10.00?

[chesty1] 09/1/2017 08:42

Just grabbed some below 10p thank you panic sellers.

[chesty1] 09/1/2017 08:26

Buyers will move in for this on the dips.

[extrader] 08/1/2017 12:36

Hi topazfrenzy,

Good spot re Mutanda !
From a quick look, it seems that there's been roughly $2.0 BN invested so far - it'll be interesting to see how much Glen pay to consolidate the ? 31% owned by Gertler, if they do indeed go ahead.

ATB

[richie666] 08/1/2017 11:36

Well spotted Topaz - it is one of the scenarios we allude to here -

[chesty1] 06/1/2017 19:15

Anyone know if he still holds ??

tomboyb9 Mar '16 - 08:19 - 1269 of 1298 2 0
ZIOC + WAFM -

real monster recovery plays if Iron ore prices hold up -


GOOD CALL!

[temmujin] 06/1/2017 18:05

how can you see 15p tomoro?

[chesty1] 06/1/2017 15:45

Zioc and WAfm

[miahkaysor] 06/1/2017 15:26

Possibly GLENCORE DEAL???

[miahkaysor] 06/1/2017 15:24

Should see 15p tomorrow!!....at this rate might see it today???

[thesloth2] 06/1/2017 15:15

There must be something going on here with this volume over the last couple of days.
If it was just down to the iron ore prices it would have been a much more gradual increase in share price

[mister md] 06/1/2017 14:52

Some serious stake-building going on here

[emptyend] 06/1/2017 12:23

ET,Have to agree on the risk/reward bias, which is why I invested on the way down and still hold. Over £1 per share has been spent on this project so far and perhaps one could surmise that the principals still hope for a positive return?However, it remains extremely binary - which is why I didn't top up at the recent lows (though I did top up below the current price and am now around breakeven)......0.1% of the free float is enough for me on this. There is plenty of running room though, if the project looks like moving ahead - and a takeout by one of the major players should be on the cards in such circumstances, rather than allowing a disruptive outsider to develop its low-cost position.rgds

[topazfrenzy] 06/1/2017 10:44

Hi Extrader,

ZIOC is the big one in 2017 as far as I can see, the risk has been greatly reduced with commodities on the march again and with Trump coming in there may be a land grab move by China to guarantee future supplies of iron ore, something you cannot go without.

The New Silk Road some say will herald a new supercycle in commodities unseen as yet:

hxxp://www.capitalandconflict.com/technology/why-the-new-silk-road-will-underpin-the-next-commodity-supercycle/

hxxps://www.rt.com/uk/372637-china-freight-train-london/

All I know is that 100,000 shares in ZIOC would have cost me £200,000 in 2011, and the project is way more advanced now, its feasibility much more attractive for a go ahead later in the year. So anyone buying now, and considering there are only 75 million shares in public hands, should be rewarded very nicely!

[extrader] 06/1/2017 10:14

Hi topazfrenzy,

These people certainly seem to like the risk/reward asymmetry :

hxxp://www.alignresearch.co.uk/gold/align-research-top-10-conviction-picks-2017/

ATB

[extrader] 06/1/2017 10:00

Hi ee,

Good to see you here......and good question (as ever)!

I'm mindful that here (as elsewhere ;->) , it'll be the big boys who decide what valuation basis / figure they have in mind, and the PI's (and institutions) are only along for the ride.

I know even less about the 'drivers' of the principal players here than I do in the other company (financial, emotional, timetable, health, alternatives ) - and am scaled accordingly - but ZIOC seems to have a nice asymmetry of risk/reward !

2017 is certainly shaping up to be an unusually 'interesting' year for the PI.

ATB

[keya5000] 06/1/2017 09:57

Bought this mid December, did not expect to be nigh on 100% up so quickly.

Wow

[chesty1] 06/1/2017 09:55

Fingers crossed wisty!