Zanaga Iron Ore Share Discussion Threads

[tidy 2] 26/2/2018 09:55

Ore $77.39 currently. Rising daily. Zioc high grade ore sells at premium to this by up to $50 more per tonne http://markets.businessinsider.com/commodities/iron-ore-price/usd

[davidpines] 26/2/2018 09:18

Nice FT article about iron ore prices

[topazfrenzy] 26/2/2018 09:11

The delay in news is a very good sign, something big is brewing and the soaring price of iron ore supports this.

[tidy 2] 26/2/2018 09:04

This is what the ZIOC project team have been waiting for.

[monkeymonkey] 26/2/2018 08:17

same as friday then dropped, think about it

[davidpines] 26/2/2018 08:15

Moving up slowly

[sapper2476] 26/2/2018 07:13

And that’s why if the news is good it will shift. A good percentage held across a small number of reported holders

[noirua] 26/2/2018 00:55

Directors Elphic and Haworth have an indirect interest concerning 36.72% of Zanaga shares. Leganes and AL Holdings have 7.61%.

[petebarnes1] 25/2/2018 14:47

Midasstingray yes but very educated guess!

[tidy 2] 25/2/2018 14:37

The requires customers and therefore offtake agreements to underpin the expense. The original plan is still in force now the ore market is now starting a new cycle with spot prices recovering mainly due to low grade ore being worthless and premium high grade ore being the only ore now in demand and currently there is not enough of it being produced to satisfy demand. Zanaga is the worlds 5th largest high grade ore deposit and it gets this ranking with just 53% of it (that 25 of its 47km) proved up to jorc best in class standards. It is also the only high grade ore deposit ready to be exploited that is not already in production by majors in the top 20 mines worldwide. AT states this will be one of if not the largest, mines in the world. Not the usual type company you get on aim.

[midasstingray] 25/2/2018 12:59

"likely offtake agreements to follow failing full buyout" There is no way you know this...it is pure speculation. I was under the impression from other posters that this delayed rns is about the option to pursue a small start up project. This OTT posting is gonna sting people if the rns does not go the buyout plan.

[tidy 2] 25/2/2018 11:47

The original plan for full buyout or third party investor to take it forward is still in place. The current independent benification testing seems ominous that a third party is now involved with likely offtake agreements to follow failing full buyout. This will underpin development of Zanaga. The export route now looks to be sorted so port and power agreement details should also be imminent with the following "in depth" update AT said will be next.

[tidy 2] 25/2/2018 11:08

This is true. My point with Glen taking control and have form of buying out smaller companies is the case tho. Zioc just happens to be open to having the same potential and Glen did follow through with proving up Zanaga after having acquired Xstrata. Maybe Glencore's method of doing this is a legacy of Xstrata they carried forward. Glen have an impressive business strategy and BOD. Reinstating dividends and reducing debt from $26bn to $10bn with record profits which have quadrupled of late. Zioc are in a strong position having had £350m more or less gifted to them from Glen proving up Zanaga with best in class studies. All licenses and environmental permits now in place it's looking very good.

[1fox1] 25/2/2018 11:05

Well my money is on a funding agreement with a third party. Hence all this testing etc. Once the funding is in place expect real fireworks! Get back in Sooty and be quick about it :o)

[extrader] 25/2/2018 10:49

Hi noirua, tidy 2 et al,

GLEN's involvement in ZIOP was never planned , they picked up the 50% + 1 share stake as an incidental when they acquired Xstrata and its various interests.

You can't buy someone out if they're not minded to sell ....and you don't / won't or can't provide a sufficient inducement.

That said, there's a time and a place for everything...and maybe there's more scope for a meeting of minds now than there has ever been beforehand.

Let's hope so.

ATB

[tidy 2] 25/2/2018 09:39

Glencore tend to follow a similar path over and over in regards to having controlling interests in smaller companies such as ZIOC. This shows the seed for future prosperity. If they didn't want you they wouldn't be involved. Zanaga with 53% proved up is sat at No5 spot in the worlds largest with premium grade ore. Cost of best in class studies was £350m. It has super major stamped all over it with all paperwork enviro Permit and licenses granted to ZIOP (Zanaga project team) as from Nov 2017, controlled by Glen and ZIOC BOD. "This will be one of the if not, the largest mine in the world" ATIt's been planned from day one, so big a consortium of bodies are prepared to base reconstruction of ROC infrastructure protected by law for its use. Tick tock this could be your retirement stock.

[mostro] 24/2/2018 16:51

Good Trades sooty, making money, is that not what this lark is all about! Or am I missing something?

GLA

[tidy 2] 24/2/2018 11:42

Tangshan's plan to extend output caps boosts sentiment in seaborne #ironore market - The futures contracts for all #ferrous products surged after news of the planned extension of production caps circulated in the market. #China #commodities #Mining crwd.fr/2ChCSIX

[tidy 2] 24/2/2018 11:42

"High-grade products will continue to carry higher premiums if steel mills maintain healthy margin in 2018," a trading source in east China said. Grade and Impurity levels will continue to be a price driver #IronOre #Magnetite

[topazfrenzy] 23/2/2018 19:23

sooty, it's ok, we still love you.