Zanaga Iron Ore Share Discussion Threads

[1fox1] 27/2/2017 16:01

Big buy?

100,000 shares @ 8.20p equals £8,200 hardly a big buy

[topazfrenzy] 27/2/2017 11:51

Big buy went through this morning ...

Let's get bought out for £200M and then everyone will be happy ;)

[topazfrenzy] 23/2/2017 14:05

Big miners storming ahead, keep these here tight to your chests!

[keya5000] 22/2/2017 08:26

Unbelievable that this remains at these levels with iron ore showing so much strength.

Almost total disconnect to the iron ore price move of late.

[greenelf] 22/2/2017 08:24

Wednesday. Iron ore price still riding high.

[greenelf] 21/2/2017 08:42

I agree with you topazfrenzy. The thing is,when this does move,it will be extremely rapid. I am also looking for multiple gains here.The project is well advanced and there has been no dilution in the past years (rare!!).

[topazfrenzy] 21/2/2017 07:52

Thanks for this greenelf.

Such a no brainer here with iron ore surging further, amazed anyone sells this before it gets to 30p at the very least, with so few shares in free float.

I'm hanging on for much higher, a deal is coming here this year IMO, over 50p per share I would say, hopefully much more.

[greenelf] 21/2/2017 07:50

Iron ore still on up...

[greenelf] 20/2/2017 13:03

Iron ore markets are in consolidation mode

David Scutt
Feb 20, 2017, 10:02 AM

hxxp://www.businessinsider.com.au/iron-ore-markets-are-in-consolidation-mode-2017-2

ZIOC still has an MCAP totally out of sink with the actual iron ore price recovery. The project would seem to be a 'goer' this year.

[topazfrenzy] 16/2/2017 12:46

Market cap at £25M, should strike a deal at $300M+

Stay in there, keep adding on weakness IMO, environmental licence should see it re-rate strongly, then it's final leg of journey towards a sale or part stake in development of mine. Highest grade iron ore will replace all others, this is essential for China to cut its pollution levels etc, over 67% at Zanaga.

[topazfrenzy] 14/2/2017 10:30

A deal could land here any day ...

[topazfrenzy] 14/2/2017 09:45

Keep adding here imho, this is just starting to get attention from investors, it was £2 in 2011 and there's nothing to stop it getting close to that in the future; as we all know the resources are the best in Africa and with Glencore as JV partner it is a no brainer.

Once we sail past 20p it could go up very fast so keep adding ...

[ohisay] 14/2/2017 09:32

Speaking of our favourite bulk commodity, Chinese iron ore futures are up for a sixth session in a row and have hit their highest in more than three years, amid firm steel demand in the world's top consumer and tighter supply driven by Beijing's campaign against smog.

As futures rallied, spot iron ore prices have similarly surged, with the spot benchmark overnight topping $US90 a tonne for the first time since 2014.

"China's positive steel outlook is driven by ongoing supply tightness and sustained demand growth," Argonaut Securities analyst Helen Lau said in a note.

Lau said some Chinese steel mills in Hebei, Beijing and Tianjin have received orders from local governments to suspend steel production from the second half of February to the first half of March.

The most-traded iron ore futures contract on the Dalian Commodity Exchange rose 2.2 per cent and as far as 716 yuan ($US104) a tonne, its strongest since October 2013, but those gains have moderated and the contract is trading up 0.6 per cent at 704 yuan.

On the Shanghai Futures Exchange, rebar was up 0.2 per cent at 3407 yuan a tonne. It also marked the sixth straight day of increase for the construction steel product, which touched 3450 yuan earlier, near Monday's two-month peak.

Amid a torrid rally in steel prices and other raw materials, China's producer price inflation picked up more than expected in January to near six-year highs, adding to views that global manufacturing activity is building momentum.

Besides regular environmental inspections conducted by Chinese authorities that have led to mills temporarily shutting their plants, the government plans to cut steel capacity by at least half in 28 cities across five regions during the winter heating season as Beijing intensifies its war on smog, a draft policy document shows.

Along with tighter supply, steel demand is also picking up after the Lunar New Year break and should strengthen during spring, traders say.

Bids for physical iron ore cargoes have risen as futures rallied.
Chinese authorities are keen to crack down on pollution by curbing steel production.
Photo: Getty Images

[keya5000] 14/2/2017 08:17

Glencore buys out Gertler
Morning, With commodities booming and their balance sheet restored, Glencore continue to deal make. They've bought out partners in DRC. Could see speculation that Zanaga is ripe for consolidation into the group.

[mustau] 14/2/2017 08:06

Wookie

Totally agree, my way of deramping to add a few more below .9.

[wookie77] 14/2/2017 08:03

spot prices no impact here? Does the spot price not impact project viability and NPV???
what a naive statement

[mustau] 14/2/2017 07:58

Production to far in the future, spot prices has no impact here.

[temmujin] 14/2/2017 07:54

Iron ore price surges past $US90, continues to surprise analysts
By Graeme Powell
Updated about an hour ago


PHOTO: Some analysts are at a loss to explain the rise in the iron ore price. (ABC News)
RELATED STORY: More financial pain for Barnett Government ahead of WA electionRELATED STORY: Resources exports tipped to reach $204b, despite forecast iron ore price plungeRELATED STORY: Rio Tinto steps up production as iron ore prices surge
MAP: WA
The price of iron ore continues to defy market expectations, surging past $US90 a tonne for the first time in more than two years.

Key points:

Iron ore price has surpassed $US90 for the first time since August 2014
Share prices of WA iron ore companies have jumped sharply in recent months
WA Premier Colin Barnett says "I told you so" after arguing industry would recover
The iron ore spot price jumped $US5.61 overnight and is now trading at $US92.23 a tonne.

[mustau] 14/2/2017 07:46

Yep buys them a lot!!

[cgod] 14/2/2017 07:45

210k bought after close at 9.45p, could do with a bid from China, £1.00 would do me.

[chesty1] 13/2/2017 21:49

hxxp://www.afr.com/business/mining/iron-ore/iron-ore-extends-rally-on-china-steel-demand-bets-20170213-guc4r1

Wafm and zioc boom time.

[keya5000] 13/2/2017 21:38

You have the midas touch Richie!

Like your work by the way.

[richie666] 13/2/2017 21:25

I did say this was going to move this week. Didnt expect so soon though!Still 10-12p beckons according to the charts.

[yasrub] 13/2/2017 19:32

'The investment in the copper mines in the Democratic Republic of Congo is the most significant outlay by Glencore since its stock was roiled by a bust in commodity prices in 2015'

Interesting - main article can be found on ADVFN news.