Zanaga Iron Ore Share Discussion Threads

[sooty snipes] 27/2/2018 11:46

The spread is narrowing dramatically. 14.79p to sell and only 14.99p to buy. just bought a few again too. Good luck Foxy. Wolfie his number is no big secret. It is at the bottom of the company RNS statements. Like I said I don't want to call him again. he'll begin to think I'm stalking him ha ha. Hang on I'll get it for you

[hungry growling wolf] 27/2/2018 11:43

But news was expected 2 weeks ago.

No news usually mean no news or worst bad news.

[nash81] 27/2/2018 11:41

people should be buying before news, not after news when its already spike.

so, now is the time to buy, not sell

[hungry growling wolf] 27/2/2018 11:41

Hey SS

Can you call Andrew again?


Thanks in advance. Maybe you could pass me his number I give it a go too.


Thanks


Wolfie

[1fox1] 27/2/2018 11:39

Just bought another 10,000 at a buying price of 15p. I'm expecting the announcement tomorrow or even later today.

[sooty snipes] 27/2/2018 10:54

Huge spread this morning, Thought I would buy a few more but not at what they are offering. 15.50p to buy yet only 14.6p to sell. I smell the fear of the MM. People must be idiots to take a deal like that. If they drop it to under 15p I'm in for more. Topaz I would be really surprised if it wasn't this week. I don't want to call Andrew Trahar again because I feel it would be tantamount to pestering him. I want some more but not at the 15.50p on offer

[topazfrenzy] 27/2/2018 09:25

tomorrow or next week it's all the same, i feel they are tying up something big

[petebarnes1] 27/2/2018 09:20

so tomorrow is the day i feel

[monkeymonkey] 27/2/2018 08:35

over the last ten days or so if a sell goes through they drop it, but not today, not saying it means something but just noticed it thats all, but what i do like about ZIOC is its not gone up on the rumour as many shares do then bad news and then down it comes, so i like no rise into the news, maybe i'm reading it wrong i don't know, just my thoughts

[topazfrenzy] 27/2/2018 08:29

massive deal on the way most likely, this will pop soon, IPO price and above IMO

[monkeymonkey] 27/2/2018 08:28

thanks for your expert advice, many thanks lol

[saw89] 27/2/2018 08:11

looking like they'll take this down again today.... no update this week an it will retest 10p

[1fox1] 26/2/2018 22:00

Do us a favour matey. Can you stay off this particular thread. Your language isn't called for. You are spoiling it for all genuine investors. Cheers.

[davidpines] 26/2/2018 19:57

That ft article wasn't sniffed out by the doggy posted on twitter since early morning and by tidy 2So no congrats doggy

[davidpines] 26/2/2018 19:56

ReminderWorld class depositOne of the largest discovered iron ore resources in Africa with a 6.8Bt resource, including the largest known iron ore reserve on the continentAround 50% of the orebody’s magnetic footprint has been drilled to date, which implies there is further exploration potential along strike.Capable of supporting, a large long life production profile of 30Mtpa supplying premium product to the market over a mine life of 30 years and potential to further extend thisStaged development enhances deliverability of the ProjectSubstantially reduces initial capital requirementsIncreases financeability of the ProjectMaintains low forecast operating costsExpansion potential to 30Mtpa in the futureReduced technical risk and enhanced economics through staged development approach:Processing capability matched with sequential mining of the orebody layers provides technical efficiencies and reduced execution riskMining of higher grade ores in the initial years enables a higher production rate of 13.2Mtpa for first five years of operation while maintaining bottom quartile operating costsInitial power requirements supplied by existing grid generation capacity, with the Stage Two development implemented in parallel with the timing of potential power generation projectsCapital cost profile enables potential self-financing of Stage Two through existing project cash flows from Stage OneCompetitive material movementsThe project benefits from a very low waste to ore strip ratioIn the initial years of production, the strip ratio is well below industry average requiring minimal blastingBottom quartile operating costs and benchmark capital costsCompetitive FOB operating cost estimates over the two stage mine life of circa $24-31 per dry metric tonne excluding consideration of expected product premium receivedCapital costs in line with greenfield iron ore benchmarks.High grade pellet feed productThe Stage One pellet feed product will have an iron grade of 66%, similar to Brazilian supply.Impurities are expected to be low, including silica (3.0%), alumina (0.8%) and phosphorus (0.04%).Product expected to command a price premium relative to the 62% Fe IODEX, both as a function of Fe content and low impurities.Product expected to be attractive feed for pellet plants or as part of a sinter feed blend.Mine life/operating scale upside:Production is underpinned by 6.9Bt of Mineral Resource and 2.5Bt of Probable Ore ReservesMine life or operational scale is capable of extension beyond scheduled mine plansStage One will mine approximately 1Bt of ore, and the expansion to 30Mtpa will increase mined resource to 2Bt over the proposed 30 year mine life.Supportive GovernmentStable operating jurisdiction with an established resources industryThe Republic of Congo Government is actively seeking to encourage mining-related investmentMining Licence receivedMining Convention signedLand acquisition for mine, pipeline and other infrastructure is a straightforward process as the land is owned by the Government, removing the need for complex negotiations with multiple private land owners, as in other countries

[davidpines] 26/2/2018 19:56

ReminderWorld class depositOne of the largest discovered iron ore resources in Africa with a 6.8Bt resource, including the largest known iron ore reserve on the continentAround 50% of the orebody’s magnetic footprint has been drilled to date, which implies there is further exploration potential along strike.Capable of supporting, a large long life production profile of 30Mtpa supplying premium product to the market over a mine life of 30 years and potential to further extend thisStaged development enhances deliverability of the ProjectSubstantially reduces initial capital requirementsIncreases financeability of the ProjectMaintains low forecast operating costsExpansion potential to 30Mtpa in the futureReduced technical risk and enhanced economics through staged development approach:Processing capability matched with sequential mining of the orebody layers provides technical efficiencies and reduced execution riskMining of higher grade ores in the initial years enables a higher production rate of 13.2Mtpa for first five years of operation while maintaining bottom quartile operating costsInitial power requirements supplied by existing grid generation capacity, with the Stage Two development implemented in parallel with the timing of potential power generation projectsCapital cost profile enables potential self-financing of Stage Two through existing project cash flows from Stage OneCompetitive material movementsThe project benefits from a very low waste to ore strip ratioIn the initial years of production, the strip ratio is well below industry average requiring minimal blastingBottom quartile operating costs and benchmark capital costsCompetitive FOB operating cost estimates over the two stage mine life of circa $24-31 per dry metric tonne excluding consideration of expected product premium receivedCapital costs in line with greenfield iron ore benchmarks.High grade pellet feed productThe Stage One pellet feed product will have an iron grade of 66%, similar to Brazilian supply.Impurities are expected to be low, including silica (3.0%), alumina (0.8%) and phosphorus (0.04%).Product expected to command a price premium relative to the 62% Fe IODEX, both as a function of Fe content and low impurities.Product expected to be attractive feed for pellet plants or as part of a sinter feed blend.Mine life/operating scale upside:Production is underpinned by 6.9Bt of Mineral Resource and 2.5Bt of Probable Ore ReservesMine life or operational scale is capable of extension beyond scheduled mine plansStage One will mine approximately 1Bt of ore, and the expansion to 30Mtpa will increase mined resource to 2Bt over the proposed 30 year mine life.Supportive GovernmentStable operating jurisdiction with an established resources industryThe Republic of Congo Government is actively seeking to encourage mining-related investmentMining Licence receivedMining Convention signedLand acquisition for mine, pipeline and other infrastructure is a straightforward process as the land is owned by the Government, removing the need for complex negotiations with multiple private land owners, as in other countries

[davidpines] 26/2/2018 19:56

ReminderWorld class depositOne of the largest discovered iron ore resources in Africa with a 6.8Bt resource, including the largest known iron ore reserve on the continentAround 50% of the orebody’s magnetic footprint has been drilled to date, which implies there is further exploration potential along strike.Capable of supporting, a large long life production profile of 30Mtpa supplying premium product to the market over a mine life of 30 years and potential to further extend thisStaged development enhances deliverability of the ProjectSubstantially reduces initial capital requirementsIncreases financeability of the ProjectMaintains low forecast operating costsExpansion potential to 30Mtpa in the futureReduced technical risk and enhanced economics through staged development approach:Processing capability matched with sequential mining of the orebody layers provides technical efficiencies and reduced execution riskMining of higher grade ores in the initial years enables a higher production rate of 13.2Mtpa for first five years of operation while maintaining bottom quartile operating costsInitial power requirements supplied by existing grid generation capacity, with the Stage Two development implemented in parallel with the timing of potential power generation projectsCapital cost profile enables potential self-financing of Stage Two through existing project cash flows from Stage OneCompetitive material movementsThe project benefits from a very low waste to ore strip ratioIn the initial years of production, the strip ratio is well below industry average requiring minimal blastingBottom quartile operating costs and benchmark capital costsCompetitive FOB operating cost estimates over the two stage mine life of circa $24-31 per dry metric tonne excluding consideration of expected product premium receivedCapital costs in line with greenfield iron ore benchmarks.High grade pellet feed productThe Stage One pellet feed product will have an iron grade of 66%, similar to Brazilian supply.Impurities are expected to be low, including silica (3.0%), alumina (0.8%) and phosphorus (0.04%).Product expected to command a price premium relative to the 62% Fe IODEX, both as a function of Fe content and low impurities.Product expected to be attractive feed for pellet plants or as part of a sinter feed blend.Mine life/operating scale upside:Production is underpinned by 6.9Bt of Mineral Resource and 2.5Bt of Probable Ore ReservesMine life or operational scale is capable of extension beyond scheduled mine plansStage One will mine approximately 1Bt of ore, and the expansion to 30Mtpa will increase mined resource to 2Bt over the proposed 30 year mine life.Supportive GovernmentStable operating jurisdiction with an established resources industryThe Republic of Congo Government is actively seeking to encourage mining-related investmentMining Licence receivedMining Convention signedLand acquisition for mine, pipeline and other infrastructure is a straightforward process as the land is owned by the Government, removing the need for complex negotiations with multiple private land owners, as in other countries

[1fox1] 26/2/2018 19:49

Nice article you sniffed out there Labrador. Let's hope you're right. Good luck

[the greedy labrador] 26/2/2018 19:25

Steel production curbs would normally cause iron ore prices to fall, but analysts said steel mills would concentrate production on higher value-added steel products that carry higher profit margins. That boosted demand for higher quality ores used as inputs.

Zanaga Iron Ore is reputed to be of very high quality.

[the greedy labrador] 26/2/2018 19:19

From the FT today.

Steel and iron ore prices rose to year-to-date highs on Monday after China’s top steel-producing region announced it would extend winter production curbs intended to cut air pollution.

Tangshan steel mills were forced to cut production by up to 50 per cent beginning late last year as part of a campaign against air pollution. Production limits are also aimed at squeezing out excess capacity in China’s steel and coal sectors, which has led to poor profitability and rising debt at so-called ̶0;zombie enterprises”. 

The local government in Tangshan, China’s biggest steelmaking city, said on Friday that it would maintain production limits scheduled to expire when the winter heating season ends in March. An extension of the cuts would reduce steel supplies just as construction demand picks up amid warmer weather. 

Singapore-traded futures for March delivery of 62 per cent iron-ore hit its highest level since April on Monday, rising by as much as 1.5 per cent to $79.15 per tonne. Shanghai-traded steel reinforcement bar for May delivery was up by as much as 3.8 per cent to Rmb4,047 ($641) per tonne, the highest since early December. 

Steel production curbs would normally cause iron ore prices to fall, but analysts said steel mills would concentrate production on higher value-added steel products that carry higher profit margins. That boosted demand for higher quality ores used as inputs. 

“The profitability situation for steel mills is pretty good. Most of them have strong demand for high-quality ores,” said Liu Jie, coal and steel analyst at Citic Futures in Beijing. 

Analysts said that restocking by steel mills following the recent lunar new year holiday also contributed to Monday’s rally. 

Chinese state planners moved forcefully last year to shutter inefficient mines and mills, spurring a rally in commodity prices following years of deflation. The forcefulness of the campaign against pollution and overcapacity surprised markets following years in which policy rhetoric was not matched by action. 

The Communist party’s fearsome anti-graft agency has thrown its weight behind the effort, including punishing non-compliant local officials. A commentary in the official Xinhua news agency last month declared that the Communist party would have “zero tolerance for corruption by inaction”. 

[the greedy labrador] 26/2/2018 19:13

My guess is this. Read the RNS and spot the clue
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The Project Update announcement depends on the completion by independent experts of a product test work programme, currently underway, on the beneficiation of the Zanaga Project's upper iron ore layers. Due to an extension of time needed for the completion of these product test results, ZIOC understands that it will be in a position to announce the Project Update by the middle of February 2018.
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Now why should Zanaga having been involved in this project since 2010 need independent experts to do a product work test? They already know what they have. My guess and it's only a guess is it is for funding of a third party who want to carry out tests of their own before parting with their money. Whoever it is could even be buying it lock stock and barrel. China is cleaning it's pollution act up. High grade iron ore is at a premium hence the upturn in the price. Hello Ant. Hope you are keeping well. You may be right waiting but on this occasion no offence but I hope you aren't :o)