Zanaga Iron Ore Share Discussion Threads

[gismo] 29/5/2020 18:13

Why is the floating plant a red herring.? It's being used successfully in New Zealand? It will all come out in the wash, just sit back and watch it unfold. Gl, have a good w'end

[gta5] 29/5/2020 16:03

Thanks Gismo, Extrader and Sooty thanks for your good points., having slept on it and watched the interview I feel a bit better about it all. Still think the floating plant is another red herring and either a result of broken negotiations with COIDIC (AND ROC?!) or a way to put pressure on them in remaining talks. Either way I'm guessing from Andrew's choice of words that COIDIC are not playing ball... Would still like to see Glencore show some public interest in the situation, it would transform the valuation 10fold overnight, and make any placing or negotiations a lot easier for ZIOC/Jumelles even. I bet it's not easy to be taken seriously as a 10M company discussing 10BN CAPEX projects.... More patience needed again. Lets see. GL, GTA

[iq92] 28/5/2020 17:17

All you childish children stop quibbling. If you're not here to add anything relevant keep your comments to yourself and stop posting school playground nonsense. Anyway... I am still holding, we took a beating today and I should have sold and repurchased if I wasn't at work. Great news from the RNS, not exactly what we wanted but news nonetheless. This is still a high risk gamble but I think the odds are now in our favour with the world's climate. Everything they are consider is still achievable. It's a goldmine just waiting to be picked. Just a matter of time.... IQ

[sooty snipes] 28/5/2020 16:43

You're entitled to write whatever you like. In turn I reserve the right to respond to your emotional rantings. Is it that time of the month? :o)

[catchingmice] 28/5/2020 16:21

No not really as my reply was decent enough for a clown like yourself

[extrader] 28/5/2020 15:04

Thanks sooty !

[gismo] 28/5/2020 14:26

Millie thick as two short planks comes to mind. Go play with the traffic, you have no clue

[sooty snipes] 28/5/2020 14:26

Extrader. I thought I would make it easier to click on the link. Mr Mouse. Touch a sore point did I? i GTA5, Does this errm 'float your boat' ? Hat-tip to NewKOTB elsewhere ! HTTP://www.engineeringnz.org/our-work/heritage/heritage-records/taharoa-ironsand-mining-and-ship-loading/ and here it is in action... HTTP://d2rjvl4n5h2b61.cloudfront.net/media/images/Taharoa-ironsand-mining-and-ship-loading-conte.width-800_SXMYTgd.jpg

[gismo] 28/5/2020 14:25

GT I don't think you have quite grasped what is going on here. We needed a route to Port, buyers will not come forward until this is done, now they have it. It's great news and I don't think it will be long before we start getting offers.

[extrader] 28/5/2020 14:08

Hi GTA5, Does this errm 'float your boat' ? Hat-tip to NewKOTB elsewhere ! hxxps://www.engineeringnz.org/our-work/heritage/heritage-records/taharoa-ironsand-mining-and-ship-loading/ and here it is in action... hxxps://d2rjvl4n5h2b61.cloudfront.net/media/images/Taharoa-ironsand-mining-and-ship-loading-conte.width-800_SXMYTgd.jpg ATB

[justaman] 28/5/2020 14:05

BRH on the move. Seller out. 6.9m MCAP and news due on multiple fronts for those looking to make some losses back :)

[emptyend] 28/5/2020 13:57

....or they might then have further developments to release......With a scheduled release a few weeks away, there must have been a good reason to put this into the public domain now. In itself it doesn't appear price sensitive, so its difficult to know what people might have expected when the price was moved up recently - and equally difficult to understand why it has retreated as far as it has....

[greenelf] 28/5/2020 11:48

I think they felt pressure to release something. But backfired.

[sooty snipes] 28/5/2020 11:45

I have a problem with today's update. Was there a need for it at all? This is an update that was two months late. They could have said nothing at all and waited four weeks when the next update is due. This "news" could have been lumped together with the end of June update.

[gta5] 28/5/2020 11:41

Hi Extrader, thanks for that, but I still don't see any reasonable reason to go down that route except for desperation. Unless someone can point me to where that is done at large scale elsewhere in the world, I think its another distraction same as the cold pelletisation, EPP and other delaying tactics they've thrown at us before. I'm guessing the reason for this is that either COIDIC or Nguesso have told them to forget about the SEZ and or the New Port in Pointe Indienne. Either way it's not painting a positive picture on either negotiations or any imminent progress in the development of the land around the SEZ. The only thing I find inspiring is the current spat with Australia and issues with Vale in Brazil, it's highlighting the urgent need for the Chinese to get a move on with alternatives and here Zanaga is one of a handfull of options. I keep holding, but feeling a lot less happy than yesterday. GTA.

[extrader] 28/5/2020 11:34

Hi GTA5, Posted elsewhere : I like the idea of an FDSO, if such a thing exists/works/is cost-effective. Will have a look around later. If it does, as you say, it would remove at one fell swoop our dependency on Chinese goodwill at PN SEZ.....and potentially frustrate any plans for a steel mill there (unless they get Sapro feedstock); also reduce the economics of PN SEZ; and - being 'offshore' - is presumably a moveable asset, which is arguably better from a security point of view ( ie both local hoodlums AND recovery potential for the financiers). And - if nothing else - it appears to suggest a credible 'plan B', which may prompt COIDIC to sharpen its pencils a bit... All IMO ATB

[greenelf] 28/5/2020 11:34

A port is required. Simply another solution. Nothing to panic about.

[milliecusto] 28/5/2020 11:30

Another jam tomorrow stock, floating ports and ocean pipes, mega money required, why buy when you can pick this up when it goes bankrupt or will the Bod keep on placing shares to keep the gravy train going, easier stocks to make money, try ark or pxc for a quick return

[gta5] 28/5/2020 11:27

WTF.... Floating port? really? I thought they had reached the height of can-kicking with the EPP, but this takes the mickey. I'm having serious concerns about what's going on. If they had just said that they keep negotiating that would have been fine by me, but this indicates a level of desperation and lack of seriousness that I find troubling. Hmmm........ GTA.

[greenelf] 28/5/2020 11:18

Plus we now know when we get COIDIC update.

[greenelf] 28/5/2020 11:18

The big picture is unchanged, in fact even more positive with today's update.

[gismo] 28/5/2020 09:28

If you understand business then you will see the positive in this RNS, we now have a route to market which buyers have been questioning. It is now fully viable and ripe for bo/jv. It will happen. The Chinese will now have competition and a bidding war will ensure imo.

[catchingmice] 28/5/2020 09:12

I should have took the money yesterday and ran a mileSick & tired of this story never having an endingDeluded if some think this will ever hit 6 quid per/shareUnbelievable