Zanaga Iron Ore Share Discussion Threads

[amitburnshort] 29/11/2017 12:46

Oh dear....my bet is on news tomorrow. Unjustified drop and bigger loaders into it.

Lets see the delayed trades....will give the game away.

[little minx] 29/11/2017 12:39

Funny IG won't let you trade it

[mrx001] 29/11/2017 12:34

Price not looking so good today despite all the ramping. As much as I hate shorting it would seem at the moment that the shorters are winning. :0(

[exploratory] 29/11/2017 12:26

Based on the last RNS - the end of year finance update is presumably before Christmas. Around 3 weeks to go before an update, until then this will random walk.

[bullet ant] 29/11/2017 12:03

BA WILL DO HIS FAMOUS -70% GROUPON DEAL ON ZIOC.

STAY ON ALERT


BA
STEALING IS GOOF

[amitburnshort] 29/11/2017 12:03

This implies 32% of our 50% is equal to the ZIOC’s half the construction costs. £2.2bn?

We believe that the Joint Venture Agreement (JVA), regulating the relationships between Xstrata and ZIOC, is highly beneficial for both ZIOC and its minority shareholders as it substantially limits valuation downside. Assuming that the project goes ahead, we see three most likely scenarios: 1) Xstrata buys out ZIOC at an NPV post the FS (best case); 2) ZIOC’s interest in the project is reduced through the acquisition by a strategic partner in the next two years; or 3) ZIOC is diluted at an NPV (worst case). While we believe that Xstrata may be interested in eliminating the significant minority interest and splitting the capex, our worst case scenario (ZIOC not investing in the project) suggests that ZIOC’s share in the project will only be diluted to c 18%.

[mister morningstar] 29/11/2017 11:52

oh dear oh dear.


greed and more greed ending in tears.

[bullet ant] 29/11/2017 11:34

IT'S GONE SO QUIET HERE.

COME OUT ALL ME EMATES, TOGETHER WE ALL BUY BACK AT 6P.


IF YOU MISSED BLACK FRIDAY, CYBER MONEY DON'T WORRY THE ANT WILL BE DOING A GROUPON SPECIAL HERE, -70% DISCOUNT TO TODAYS PRICE.


BA
STEALING IS GOOD

[bullet ant] 29/11/2017 10:30

IF THEY ARE SMART THEY SHOULD THEIR FIRST PLACING NOW.

DISCOUNTED AT 6P.

HOPE THIS HELPS

BA
STEALING IS GOOD

[timw3] 29/11/2017 10:24

TIDY PUMP AND DUMP SPECIAL

WHAT GOES AROUND COMES AROUND!

[amitburnshort] 29/11/2017 09:21

Who needs production when it is likely that the company are in talks with Glencore about the sale of the Asset.

Buy, Hold. Sold within 6 months.

[topazfrenzy] 29/11/2017 08:31

QUICK tidy, step up your ramping before it sinks to under 10p by Friday!

[tidy 2] 29/11/2017 08:16

This implies 32% of our 50% is equal to the ZIOC's half the construction costs. £2.2bn?We believe that the Joint Venture Agreement (JVA), regulating the relationships between Xstrata and ZIOC, is highly beneficial for both ZIOC and its minority shareholders as it substantially limits valuation downside. Assuming that the project goes ahead, we see three most likely scenarios: 1) Xstrata buys out ZIOC at an NPV post the FS (best case); 2) ZIOC's interest in the project is reduced through the acquisition by a strategic partner in the next two years; or 3) ZIOC is diluted at an NPV (worst case). While we believe that Xstrata may be interested in eliminating the significant minority interest and splitting the capex, our worst case scenario (ZIOC not investing in the project) suggests that ZIOC's share in the project will only be diluted to c 18%.

[tidy 2] 29/11/2017 01:18

There is now ..

[bullet ant] 28/11/2017 19:17

AMIT

CAN YOU SHOW US, THE PRODUCTION OF ZIOC? HOW MANY MILLION TONS THEY DIGGING OUT?


BA
STEALING IS GOOD

[tidy 2] 28/11/2017 19:07

NPV $1.7bn. Take away $350m Glen has spent on the project leaves $1.35bn which is £1bn although the project was smaller when this NPV was calculated and based on $70 per tonne. Today they can sell this premium ore for $85-$95 per tonne. So £3.75 per share for ZIOC.

[tidy 2] 28/11/2017 19:02

Lse post I've just been catching up on the posts this afternoon (the usual bicker-fest), but I noted the comments about the use of the existing rail link from Brazzaville to Pointe Noire. I posted this a couple of weeks ago, but I imagine some of you regular contributors may have missed it. The existing line was recently featured on Chris Tarrant's extreme railways. This two-part youtube thingy from the program, may prove interesting... (apologies to those of you who've already seen it). Part 1. https://www.youtube.com/watch?v=UXpG9EQYMnk Part 2. https://www.youtube.com/watch?v=_uj6aLlRdJ4

[tidy 2] 28/11/2017 19:01

Good vid on roads https://youtu.be/3o0V4KDhZ8M

[bullet ant] 28/11/2017 18:56

OH DEAR OH DEAR OH DEAR

IT REEKS HERE

BA
STEALING IS GOOD

[tidy 2] 28/11/2017 18:04

Hazard a guess ZIOC will be offered £1bn The government have an option to buy a minimum of 10% if he Zanaga project. How it will be split down is likely what the project team is working on now along with the finer financial details. ZIOC should be comfortable regardless imo.