Zanaga Iron Ore Share Discussion Threads

[topazfrenzy] 25/4/2017 16:31

Speculation unless a deal is coming, although this headline certainly does not inspire when it comes to iron ore's future:



Not sure what is going to happen here, seems a long way off still ...

[gozo] 25/4/2017 15:56

Tick ups seem to align with the American markets opening

[graham1ty] 25/4/2017 15:51

Why the flurry of activity ?

[mrx001] 25/4/2017 11:16

It's definitely a waiting game, probably only for the patient.

[1fox1] 24/4/2017 15:26

Quietly confident. Patience is the key. I believe there are rich pickings to be had here. If or when this moves it will move upwards very fast imo

[thetoonarmy2] 24/4/2017 15:02

Grey haired by time this comes to life!

[topazfrenzy] 21/4/2017 08:07

Iron ore looking very ropy again, the 40s beckon some are saying even in 2018. Keeping a small holding here just in case that elusive offer comes! Will only top up now in the 3s unless good news comes. GL

[chesty1] 20/4/2017 14:54

I think we're all in and waiting now for iron ore to start making a move again north. I am loving IOG whilst I wait for my iron ore stocks to wake up!

[emptyend] 05/4/2017 21:58

...waiting patiently......:-)

[topazfrenzy] 04/4/2017 13:08

Zanaga next?

[topazfrenzy] 04/4/2017 08:27

Here's the detailed Project Presentation from September 2016 :

hxxp://www.zanagairon.com/pdfs/ZIOC-Investor-Presentation_21-Sept-2016.pdf

2017 certainly looks like the year that the project is wrapped up for the 4 year construction/production phase, the share price now is a total bargain for the assets, I'd expect a farm-in with a third party to be announced at any point or a take out.

GL

[nash81] 03/4/2017 17:26

dont promote ZIOC yet guys, let me buy more for my new ISA. i got a couple of companies lining up, incl ZIOC.

[topazfrenzy] 03/4/2017 16:34

This could be about to reward those on board at this stage very handsomely, so even if it goes for $200 Million, which is peanuts compared to supposed NAV of $1 Billion plus, it's still x8 the share price now.

[nash81] 03/4/2017 16:30

agree, this can easily move up on any good news.

ZIOC together with my other large holding in JLP and RGM, will be multibagger in 2017.

Just buy low and wait patiently.

[1fox1] 03/4/2017 16:22

Hmmmmmm. Some buying going on since 4pm. Someone has woken up

[topazfrenzy] 03/4/2017 16:14

I think you're right emptyend, the shares are being set free so that a farm in can be conducted, most probably with the Chinese, otherwise no point in going through the motions of today's announcement. Glencore may want in still so a three way split?

I've added, could easily get an offer imminently, best to be in this one IMO, risk reward huge, so could multibag on the next announcement.

GL

[emptyend] 03/4/2017 14:59

nash81......yes that is what I would expect. Might take some weeks/months though?Give up half the stake to some Far East outfit for some cash and a big carry? Needs to be someone who has the capacity for capex. Nobody here will want dilution - and until part of Z's stake is carried, the project probably won't move forward.Remember what has been spent to date - the shareholders will want to get that back, IMO.

[nash81] 03/4/2017 12:12

new partner will means, we can make progress for the project without us incurring hIgh cost.

so, perhaps, farm in partner?

[topazfrenzy] 03/4/2017 11:38

So a new partner? Bring it on!

[emptyend] 03/4/2017 09:56

Nope. There will be a deal in the offing of some sort. It might still be "peanuts" in the context of the upside......but it could be 3x the price and STILL be peanuts.My guess would be the introduction of a new partner, FWIW.

[topazfrenzy] 03/4/2017 09:31

Who knows here, everything seems so slow lately but take off time could be very very close. Maybe sell the project for peanuts to the Chinese, although I doubt anyone would do that, it's too valuable to just let it go !

[emptyend] 03/4/2017 09:09

....digging around, I hadn't realised how well-connected the backers here are. Not at all sure what the reason is for taking Garbet out of the equation .......but, given the deal-doing credentials of those involved, there will certainly be one!