Zanaga Iron Ore Share Discussion Threads

[gismo] 03/6/2020 09:24

Morning all friendly people, it will happen of that I'm sure and not too long to wait.

[catchingmice] 02/6/2020 13:40

Of course you did ?

[greenelf] 02/6/2020 13:28

And rebought at 4p. Lol indeed. While Mousie sat like Bambi mouse in the headlights. LOL muchos indeed

[extrader] 02/6/2020 12:59

Hi all, 2 x bits of press whilst we 'await events'... (1) hxxps://moneyweek.com/investments/commodities/industrial-metals/601401/money-printing-infrastructure-base-metals-copper?utm_campaign=money-morning-newsletter&utm_medium=email&utm_source=newsletter Basically about industry cyclicality combining with government money-printing, at least some of which likely spent on infrastructure, to create a good inflation hedge... and (2) https://www.ft.com/content/302df889-4d6c-48cb-a385-c31961dd489c?segmentId=bf7fa2fd-67ee-cdfa-8261-b2a3edbdf916 "Iron ore comes of age..." Paraphrasing : .. iron ore has joined that elite circle of globally recognised and traded commodities... second most important commodity behind oil... One of the least volatile commodities in 2020, iron ore has outperformed metals and mining equities, which over the past seven years are roughly flat, while the S&P GSCI Iron Ore index has more than tripled. ... rapid emergence by commodity market standards. .. an opaque market 10 years ago... now has two liquid futures markets on the Singapore Exchange (SGX) and Dalian Commodity Exchange (DCE)... trading 1.2 times and 20 times physical seaborne market volumes, respectively. as an investable asset has some special features : supply is concentrated in geography and number of participants, global demand is dictated by one big end-user, China currently enjoying with rising steel prices and strong steelmaker profit margins. …" Another link for the Zanaga twitterfeed ? ATB

[catchingmice] 02/6/2020 12:56

Didn't you sell at 6p not long agolol

[greenelf] 02/6/2020 12:42

Well have you sold Mousie? Exactly. NO. Too shhiit scared. Take your hit like a man mouse.

[catchingmice] 02/6/2020 12:40

News is on it's it way some keep saying 'Don't sell' you will miss out on the big prize ?lol

[iq92] 02/6/2020 12:36

I just bought a few more shares whilst its down again. Hopefully some positive news coming. If not I'm probably just going to sell.

[catchingmice] 02/6/2020 11:24

Market not interested same as the last statement that is despite some holders thinking this will eventually hit 6 quid DreamingZzzzzzzzzzzzzzzzzz

[greenelf] 02/6/2020 09:55

On shelf. Alongside all the other plans.

[sandcrab2] 02/6/2020 09:37

 What's the present position on cold pelletisation ?

[extrader] 01/6/2020 15:29

Hi GTA5, ..."I'd like to see Elphick come in tomorrow and put a couple of million USD on the table as a short term loan...." Quite. Over at NCCL, Howarth seems to have done that, along with some of the other major shareholders. From their POV, a shareholder loan is quick, cheap to arrange, no unwelcome disclosure to small fry...and a slightly higher claim on assets if things all go pear-shaped. And the simple removal of any funding issue might reasonably be expected to help the s/p.... But maybe it suits 'management ' to keep the share price low ? Which is where we came in... ATB

[gta5] 01/6/2020 15:10

Thanks Extrader. I think you're correct. My understanding from the various publications online is that the likely debt is much higher than the advertised debt. It has been upgraded a few times over the years where what they thought was 1BN turned out to be 10BN debts... (hence the historical reluctance of IMF and the Chinese to jump in behind it as more becomes public) But either way, if it's a few hundred million it's not going to change the bigger picture for GLEN or ZIOP, but if it were in the Billion(s)+ range I'd be concerned that Glen might be more reluctant to invest and ZIOP more vulnerable to big deals unrelated to Zanaga. (turning ZIOP into a pawn in a bigger chess game rather than a valuable asset in itself) Either way, we seem to all agree that ZIOC are not likely to be part of any building/development work, so ideally the handoff to FMG or GLEN etc should happen soon. One surprise is why we remain so lowly valued and the low profile our Non-execs are keeping. It would be so easy to drum up some interest and with it a 100M+ valuation of the equity, yet here we are at 10P.... I get that there is an interest in taking equity as payment before a possible buy out, but surely there should be a much bigger need for a more substantial valuation and cash at hand to navigate the next 12-24months? Its looking a lot like a one man show (Trahar) with a passive group of shareholders cracking on with their full-time jobs elsewhere..... I'd like to see Elphick come in tomorrow and put a couple of million USD on the table as a short term loan. It would show some faith and commitment that I'm not getting from his very bland RNS comments. Just my 2cents.

[gismo] 01/6/2020 14:54

I'm with you all the way on this green. The Chinese want it and any stage we are at doesn't matter now. A bid will come in and suspension will follow. Zanaga, will not develop this.

[greenelf] 01/6/2020 13:18

Doesn't matter what the routes or methods are. ZIOC will not develop this. Either get sold fully or nothing. That is the risk equation. I am very optimistic the Chinese want this now, hence the negotiation tactics.

[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