Share Name Share Symbol Market Type Share ISIN Share Description
Zanaga Iron LSE:ZIOC London Ordinary Share VGG9888M1023 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.375p +3.02% 12.80p 1,127,588 16:35:20
Bid Price Offer Price High Price Low Price Open Price
12.55p 13.05p 12.95p 12.55p 12.95p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.4 -0.9 - 36.25

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DateSubject
26/5/2018
09:20
Zanaga Iron Daily Update: Zanaga Iron is listed in the Mining sector of the London Stock Exchange with ticker ZIOC. The last closing price for Zanaga Iron was 12.43p.
Zanaga Iron has a 4 week average price of 11.20p and a 12 week average price of 10.55p.
The 1 year high share price is 25p while the 1 year low share price is currently 3.83p.
There are currently 283,201,033 shares in issue and the average daily traded volume is 950,798 shares. The market capitalisation of Zanaga Iron is £36,249,732.22.
24/5/2018
14:07
seagreen: Pete what dont you understand about it is not going to be taken over.....you have been spouting the same story for months management have been to hell and back for the opportunity to develop it and get the green light from Glencore to develop it jointly and deliver share holder value If it was then it would be a surprise and the share price would be much higher
14/5/2018
12:03
seagreen: please refer to company announcements concerning cash available for this year. https://uk.advfn.com/stock-market/london/zanaga-iron-ZIOC/share-news/Zanaga-Iron-Ore-Company-Ltd-Project-Update/76893478 o US$1.53m budget approved for 2018, which amount is funded 50% by Glencore and 50% by ZIOC o Budget allows for funding study work on the EPP project including specific product test work on the pellet feed and pelletisation products and scoping of the EPP project's viability and economics o US$3.8m cash on hand at ZIOC as at 28 February 2018
26/3/2018
12:36
davidlloyd: PB In the XAR case, it seemed to me they were using 1 share AT trades to adjust reported share price increase (as an AT seems to adjust this)...however, from discussions here and elsewhere I have got the impression that there is thought to be more to a '1 trade' than just 'price manipulation' ??? Still in the dark, DL
15/3/2018
13:05
extrader: Hi topazfrenzy, ...when I was referring to the big boys, I meant those accumulating behind the scenes, not PIs with deep pockets only. First, in the context of the few million shares turnover that we see on a typical day- which no doubt include the (cough !) occasional daytrader - a 'big boy' would find it hard to accumulate in the millions, especially given the limited 'free float', est. 40 million IIRC He or she would need about 8.5 million shares just to get a declarable stake ie 3 %. There have been no 'declarable holdings RNS's. In any event, 3 % isn't going to put anybody in the driving seat. You'd need lots of 'big boys' buying up to that level, if you say just 3 or 4 for a 'meaningful' 9-12% stake, you have to buy up 25 to 35 million shares out of the 40 million or so free float. The share price would go through the roof. It hasn't, so they're not. Simples. OTOH, there is one (improbable) scenario that might play out : at least some of the believed 'sticky' shares are probably held anonymously , in the name of offshore companies. Somebody MIGHT be building up a stake by secretly buying the shares these offshore holding companies. But in that case, there'd be no change of ownership as far as ZIOC was aware, no buying of ZIOC shares themselves necessary and therefore no impact on share price. Capisce ? ATB
07/3/2018
08:54
tidy 2: Best AIM Shares To Buy 2018 - The AIM Investor (First Draft) theaiminvestor.com/best-aim-share... Zanaga Iron Ore (ZIOC) Another company that I have monitored very closely for a while now due to their close relationship with Glencore. With the Environmental Permit approved towards the end of 2017 the company is now in a very strong growth position and is due to be updating the market on their growth plans in early March. The company holds a very substantial asset that is likely to gain interest from China over the course of 2018 which could see the share price rise substantially along with the rise price of Iron Ore. Date added: 27/02/2018 – Price when added to list: 15.45p – Target price: 61.80p (+300%)
26/11/2017
11:18
midasstingray: SAI LooooL. Trying to get a few more shares on the cheap tomorrow. Patience everybody. Everything is on track as per the investor presentation. When more facts not gossip appears the share price will react. If you believe in the company and the possible multiples on offer then the share price matters a lot less ( unless your really greedy). just keep buying and accumulating and realise there are mugs out there that are prepared to sell quite possibly a once in a lifetime share. Keep the faith.
24/11/2017
11:12
tidy 2: Today 10:11 Price: 16.50scottology 610 postsZanaga Iron OreIPO 2010 at ?1.56 per share with MarketCap ?437 million Original Mineral Resource of 3.34 BT (Billion Tonnes) 25km of 47km strike length tested >148,000m of drilling complete Magnetic Survey showing key areas of resource further North & South 50/50 Joint Venture with Glencore $350 million spent to date on project. JORC PFS (Pre Feasibility Study) and FS (Feasibility Study) Majority funded by Glencore Proven Iron Ore Reserve of 770 MT (Million Tonnes) Probable Iron Ore Reserves of 2.1 BT (Billion Tonnes) Total Mineral Resource of 6.9 BT (Billion Tonnes) 5th Largest Ore Reserves Globally Benchmark Iron Ore Product 62% iron, 2% alumina and 4.5% silica, among other gangue elements. 12 month average spot price of $72/ton Zioc offering 67% iron, 0.8% aluminia and 3% silica ? higher grade, fewer impurities $14/ton premium for 65% iron, approx. $23/ton premium for 67% iron. Indicative selling price of $95/ton Average LOM (Life Of Mine) Operating Costs of $30/ton Profit potential of $65/ton Proven 770 MT x $65/ton = $50 Billion Probable 2.1 BT x $65/ton = $136.5 Billion Resource 6.9 BT x $65/ton = $448.5 Billion Stage 1 Capex $2.2 Billion Stage 2 Capex $2.5 Billion ZIOC 50% share = $25b ($89 per share), $68.25b ($244 per share), $224.25b ($804 per share) All permits in place as of November 2017 ZIOC Share Buy Back Programme from 40p ? 20p per share. Directors exercised options at 18.5p per share when market trading 6p per share. No dilution since IPO ? share in issue have reduced. 278,780,000 shares in issue. 48.6% held by major holders. 73% originally held between Guava and Garbet (founding shareholders) 41% originally held by Garbet, split out to below trusts. Remaining balance distributed below the 3% notification level. Guava Minerals Limited1 88,730,397 31.83% Salamanca Trustees (Jersey) Ltd (YR)2 13,629,127 4.89% Leganes Limited 12,513,469 4.49% Artemis Trust Limited (Hardwick) 11,916,534 4.27% AI Holdings Limited 8,706,621 3.12% Rio Tinto sold 47% stake in Simandou (7th largest reserves) to Chinese for $1.3 billion last year (2016) Glencore wants to gain foothold in iron ore production, and stated will achieve this buy buying partners of existing projects. According to their latest accounts, they have 2 projects with proven reserves. Zanaga 50% of 770 MT (high grade reserves, bottom quartile operating costs, close to China) Guelb el Auoj East 50% of 380 MT (on hold ? uneconomic with current prices) Either Glencore will take-over the entire project, or will sell stake to Chinese investors. Big demand from China for higher grade iron to reduce pollution, year on year growth in steel production. Recent increases in call-off agreements with majors for iron ore to satisfy demand. ZIOC primed for takeover. News due before year end
14/11/2017
15:24
tidy 2: TargetsThe movement in the share price here is going to be driven by the Environmental Permit being obtained... On that news I would expect the share price to move to around 50p per share (600%+ Rise)I would then expect the share price to continue to rise up to the point of the asset sale, which would likely be over £1 per share (1300%+ Rise)
02/10/2017
13:51
kirk 6: SO LETS LOok at the fundamentals:Every now and then I come across a share that I was not expecting to find and that I've never heard anything about before, this is a classic example of one of those shares.Yesterday Zanaga Iron Ore Company popped up on my radar due to a very strange action in the share price and some very large trades moving through a stock that typically sees very few trades per day.This much un-loved stock may actually prove to be one of AIMs biggest movers this year!Let's start with the fundementalsShares in issue: 279mFree Float: Approx: 75m (27%)Current MCap: £17m52 Week High: 212p52 Week Low: 4.6pAll-time High: 212p (No dilution since this high!)All-time Low: 1.35pCash in Bank: Approx $4.5mZanaga Project DetailsThe bare fact is that the company sits with a mineral resource situated in the Republic of Congo that is one of the world's largest with up to 6.9bn tonnes and of which 2.1bn is iron ore at a 66% fe. These figures have been produced in compliance with the key JORC code and the iron ore NPV (after financing and net of production and transportation) has been valued at anywhere up to $966m net to ZIOC based upon the current iron price of approx $55/tonne. (If the price of Iron Ore moves back closer to the $80 range then this puts the value up to $1.4bn!!)The project is a 50/50 collaboration with Glencore ($40bn Mcap), with Glencore hold 1 share more than Zanaga to give them control of the project.Zanaga management have been playing the long game this last two years, steadily progressing the project through, in the most important instance, the ratification of its Mining Convention and the lodging of the Environmental Permit that is now VERY OVERDUE and that will be another potential major milestone in the progress towards exploitation of this world class ore resource.Next CatalystThis project is waiting on the Environmental Permit to be obtained, this was expected at the end of the 2016 fiscal year which means it is now several months overdue and can land any day now!Once the permit has been agreed this could spark a chain of events that will send this share price on a crazy journey.With the permit in place I would expect ZIOC to look at selling their stake in the project and due to Glencore's huge success over the past couple of years they are now in a cash rich position and according to their chairman they are looking to buy out projects that they already have a stake in."We are looking for opportunities around," he said, adding Glencore was particularly interested in assets where it already had stakes or partnerships.This would put ZIOC firmly on their radar, the only outstanding issue being the Environmental Permit which should land very soon.My View: What happens nextBased on my research I strongly believe that once the Environmental Permit has been obtained ZIOC will look to sell their half of the project, either to their partner Glencore or to another party, potentially a Chinese interest as there have been rumours of interest from China in the past.This is backed up by the share transfer announced on the 3rd April 2017, which I believe was to get everything ready for the sale of the asset.I also see the directors holding a huge percentage of the shares in issue here which is a sign of confidence in my mind that they know what is coming.It would not surprise me if the deal is already in place and the permit being obtained is the catalyst to finalise it.In regards to the price for the sale of the asset, based on it being one of the world's leading iron ore assets I would be surprised if it were to sell for less than $100m (fire sale price), with my estimate being somewhere between $200m-$300m.When you compare this to the current Mcap of £17m you can see the huge value here!The Mcap appears to only be this low as it is so far off people's radars at the moment and the overdue nature of the Environmental Permit.Downsides?Are there any risks here? Of course, as with all shares there is a potential risk here that there will be further delay in the Environmental Permit, or that it might not be granted. However, given that all other permits and licenses have been obtained I see this as extremely unlikely.The risk to reward here is huge in my mind. Very low risk, massive reward.TargetsThe movement in the share price here is going to be driven by the Environmental Permit being obtained... On that news I would expect the share price to move to around 50p per share (600%+ Rise)I would then expect the share price to continue to rise up to the point of the asset sale, which would likely be over £1 per share (1300%+ Rise)Due to the Very Low free float in this share it moves incredibly quickly which will make it very difficult to by once the RNS lands so this is one you want to be in before the news lands.If you wish to check the figures here in this post then I suggest you take a look at the most recent investor presentation here to get an understanding of the size of this asset:http://www.zanagairon.com/pdfs/ZIOC-Investor-Presentation_21-Sept-2016.pdfThe share price at the time of writing this post was 6.125pNote: I have emailed the company to obtain answers to a couple of outstanding questions. I will update this post once I get a reply.
29/9/2017
06:34
temmujin: abit easier to read.. RKBeekeeper Investment Case: Zanaga Iron Ore Company (ZIOC) Wednesday, Sep 06 2017 by Ash Deans 0 comments 3 Every now and then I come across a share that I was not expecting to find and that I’ve never heard anything about before, this is a classic example of one of those shares. Yesterday Zanaga Iron Ore Company popped up on my radar due to a very strange action in the share price and some very large trades moving through a stock that typically sees very few trades per day. This much un-loved stock may actually prove to be one of AIMs biggest movers this year! Let’s start with the fundementals Shares in issue: 279m Free Float: Approx: 75m (27%) Current MCap: £17m 52 Week High: 212p 52 Week Low: 4.6p All-time High: 212p (No dilution since this high!) All-time Low: 1.35p Cash in Bank: Approx $4.5m Zanaga Project Details The bare fact is that the company sits with a mineral resource situated in the Republic of Congo that is one of the world’s largest with up to 6.9bn tonnes and of which 2.1bn is iron ore at a 66% fe. These figures have been produced in compliance with the key JORC code and the iron ore NPV (after financing and net of production and transportation) has been valued at anywhere up to $966m net to ZIOC based upon the current iron price of approx $55/tonne. (If the price of Iron Ore moves back closer to the $80 range then this puts the value up to $1.4bn!!) The project is a 50/50 collaboration with Glencore ($40bn Mcap), with Glencore hold 1 share more than Zanaga to give them control of the project. Zanaga management have been playing the long game this last two years, steadily progressing the project through, in the most important instance, the ratification of its Mining Convention and the lodging of the Environmental Permit that is now VERY OVERDUE and that will be another potential major milestone in the progress towards exploitation of this world class ore resource. Next Catalyst This project is waiting on the Environmental Permit to be obtained, this was expected at the end of the 2016 fiscal year which means it is now several months overdue and can land any day now! Once the permit has been agreed this could spark a chain of events that will send this share price on a crazy journey. With the permit in place I would expect ZIOC to look at selling their stake in the project and due to Glencore’s huge success over the past couple of years they are now in a cash rich position and according to their chairman they are looking to buy out projects that they already have a stake in. “We are looking for opportunities around,” he said, adding Glencore was particularly interested in assets where it already had stakes or partnerships. This would put ZIOC firmly on their radar, the only outstanding issue being the Environmental Permit which should land very soon. My View: What happens next Based on my research I strongly believe that once the Environmental Permit has been obtained ZIOC will look to sell their half of the project, either to their partner Glencore or to another party, potentially a Chinese interest as there have been rumours of interest from China in the past. This is backed up by the share transfer announced on the 3rd April 2017, which I believe was to get everything ready for the sale of the asset. I also see the directors holding a huge percentage of the shares in issue here which is a sign of confidence in my mind that they know what is coming. It would not surprise me if the deal is already in place and the permit being obtained is the catalyst to finalise it. In regards to the price for the sale of the asset, based on it being one of the world’s leading iron ore assets I would be surprised if it were to sell for less than $100m (fire sale price), with my estimate being somewhere between $200m-$300m. When you compare this to the current Mcap of £17m you can see the huge value here! The Mcap appears to only be this low as it is so far off people’s radars at the moment and the overdue nature of the Environmental Permit. Downsides? Are there any risks here? Of course, as with all shares there is a potential risk here that there will be further delay in the Environmental Permit, or that it might not be granted. However, given that all other permits and licenses have been obtained I see this as extremely unlikely. The risk to reward here is huge in my mind. Very low risk, massive reward. Targets The movement in the share price here is going to be driven by the Environmental Permit being obtained… On that news I would expect the share price to move to around 50p per share (600%+ Rise) I would then expect the share price to continue to rise up to the point of the asset sale, which would likely be over £1 per share (1300%+ Rise) Due to the Very Low free float in this share it moves incredibly quickly which will make it very difficult to by once the RNS lands so this is one you want to be in before the news lands. If you wish to check the figures here in this post then I suggest you take a look at the most recent investor presentation here to get an understanding of the size of this asset: hxxp://www.zanagairon.com/pdfs/ZIOC-Investor-Presentation_21-Sept-2016.pdf The share price at the time of writing this post was 6.125p Note: I have emailed the company to obtain answers to a couple of outstanding questions. I will update this post once I get a reply.
Zanaga Iron share price data is direct from the London Stock Exchange
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