Zanaga Iron Ore Share Discussion Threads

[aussieb3] 08/3/2018 12:55

I agree topaz long term but is it in next week to a month going to go up probably more likely to go down

[topazfrenzy] 08/3/2018 12:34

The RNS today confirmed the viability of the project and the iron ore market, with the premium being paid for 65% being totally astonishing, Zanaga is now proven at over 66%. Glencore were mentioned several times, this is significant, they are totally into getting this going to the next phase. I think the EPP is to force people's hands, and with the Rio Tinto leak over the weekend, this is exactly what is going to happen.

What I find very encouraging that is new is the Gabon option, to ship from there, before Pointe Noire is developed fully.

The RoC are obviously negotiating with Rio and ENI and therefore this is progressing fast.

Sell your shares if you wish but this could blow at any point. Real mining investors are going to wake up to this once they read it and find out more, and I am assuming that the mining press could be the catalyst for this. A few million shares on order and this will storm to 50p + IMO!!

[tidy 2] 08/3/2018 12:19

Pull out my research posts not the conclusion or speculative posts as a result of the research. Lots of my research was confirmed in today's RNS. That's good enough for me in this partial company update. It points out the right track and the fact Zanaga is not being left dormant and it's resource is very much in demand attracting evermore premium prices for the high grade ore it contains. China, new port, third party interest and exim bank all involved. Accumulate imo.

[1fox1] 08/3/2018 11:48

Tidy you have posted so much stuff over the past few months you could have written War and Peace. A lot of the stuff you posted was pure conjecture. I suppose if you write enough you may get at least one tiny bit right. In the main the stuff you have written has been out of date. I have no doubt your intentions are in the right place but often a lot of what you have said has in my opinion been wildly optimistic.

[extrader] 08/3/2018 11:47

Hi nash81,

...also copied from lse...



I'm with you guys....'It's a long way to tipper ore....eh ?'

A very informative RNS. The key takeaways for me (capitalised) are helpfully contained in this section :

.. The Project Team has outlined a number of NEXT STEPS. These are outlined below:

a) Complete the extensive product test work program in relation to the pellet FEED CONCENTRATE

b) Continue the product test work program to ASSESS THE VIABILITY of using a Cold Pelletisation process to produce a pellet PRODUCT using Zanaga pellet feed concentrate

c) Advance STUDY work on mining, process, power and logistics solutions in order to define capital and operating cost elements of the EPP project

d) Conduct PRELIMINARY assessment of the marketing of the product

e) Present the outcomes to the Jumelles Board and to the shareholders of Jumelles, ZIOC and Glencore for FURTHER CONSIDERATION

The purpose of these steps is to establish WHETHER the EPP project is a viable proposition. If the Jumelles Board and the shareholders of Jumelles (ZIOC and Glencore) conclude that the EPP is a viable proposition, and support taking the EPP initiative forward, that would enable the Project Team to THEN ENGAGE WITH GOVERNMENTAL BODIES, REGULATORS AND CONTRACTORS to the permitting process and CONTRACTUAL STRUCTURES. At the same time, the Zanaga project would THEN be in a position to COMMENCE discussions with various parties on potential financing solutions for the development of the EPP project...."

The RNS also tells us that the Cold Pelletisation process (which adds materially to value and hence the project economics) is a relatively unproven technology that has yet to find commercial acceptance; and that ..."The proposed solution for the small scale EPP operation is DIFFERENT from that envisaged for the larger 30Mtpa operation in that the scale of the operation and focus on the ore from the upper layers requires DIFFERENT PROCESSING with DIFFERENT ASSOCIATED COSTS.... "

I see the Early Production Project as a potentially interesting diversion ('playing for time') that GLEN has sanctioned whilst everyone waits for 'the causes and conditions' to support a full-blown project....and the take-out /offer we're all interested in.

I'm happy to continue holding...and even happier that my holding is in my SIPP : this is very much a LTH.

ATB

[sooty snipes] 08/3/2018 11:41

Glad I sold my 30,000 shares the other day. Just wish I had sold the lot!

[tidy 2] 08/3/2018 11:41

Fox. My posted research was confirmed to be factual in today's RNS which gave good confirmation points and a nice forward looking statement. It proved Zanaga is on track to being fully operational and continues to have Glencore fully committed in the 50/50 JV.

[extrader] 08/3/2018 11:35

Hi 1fox1 and GTA5,

I'm with you guys....'It's a long way to tipper ore....eh ?'

A very informative RNS. The key takeaways for me (capitalised) are helpfully contained in this section :

.. The Project Team has outlined a number of NEXT STEPS. These are outlined below:

a) Complete the extensive product test work program in relation to the pellet FEED CONCENTRATE

b) Continue the product test work program to ASSESS THE VIABILITY of using a Cold Pelletisation process to produce a pellet PRODUCT using Zanaga pellet feed concentrate

c) Advance STUDY work on mining, process, power and logistics solutions in order to define capital and operating cost elements of the EPP project

d) Conduct PRELIMINARY assessment of the marketing of the product

e) Present the outcomes to the Jumelles Board and to the shareholders of Jumelles, ZIOC and Glencore for FURTHER CONSIDERATION

The purpose of these steps is to establish WHETHER the EPP project is a viable proposition. If the Jumelles Board and the shareholders of Jumelles (ZIOC and Glencore) conclude that the EPP is a viable proposition, and support taking the EPP initiative forward, that would enable the Project Team to THEN ENGAGE WITH GOVERNMENTAL BODIES, REGULATORS AND CONTRACTORS to the permitting process and CONTRACTUAL STRUCTURES. At the same time, the Zanaga project would THEN be in a position to COMMENCE discussions with various parties on potential financing solutions for the development of the EPP project...."

The RNS also tells us that the Cold Pelletisation process (which adds materially to value and hence the project economics) is a relatively unproven technology that has yet to find commercial acceptance; and that ..."The proposed solution for the small scale EPP operation is DIFFERENT from that envisaged for the larger 30Mtpa operation in that the scale of the operation and focus on the ore from the upper layers requires DIFFERENT PROCESSING with DIFFERENT ASSOCIATED COSTS.... "

I see the Early Production Project as a potentially interesting diversion ('playing for time') that GLEN has sanctioned whilst everyone waits for 'the causes and conditions' to support a full-blown project....and the take-out /offer we're all interested in.

I'm happy to continue holding...and even happier that my holding is in my SIPP : this is very much a LTH.

ATB

[1fox1] 08/3/2018 11:32

For anyone in over 20-25p you have a long wait now....2020 at least.

[1fox1] 08/3/2018 11:30

For all the stuff written on here over the past 3/4 months only GTA5 got this spot on. Well done sir. Please come forward and accept your reward. Tidy 2 For all your research you didn't come up with this did you? ALL ROADS LEAD TO CHINA Blah blah blah

[tidy 2] 08/3/2018 11:27

This reminds me of SXX. Market will wake up soon enough whether it's a few days or weeks it will get there. Also SXX never had the pedigree of the likes of Glencore Backing it and the market footed the bill proving it up. Zioc is in a class of its own at this level.

[1fox1] 08/3/2018 11:27

Topaz the way you have been flip flopping on this board I would put you in the category of the illiterate punters you are condescendingly talking about.

[1fox1] 08/3/2018 11:24

The point I am making is most on this board were expecting at least a large clear funding offer. If not a complete Chinese buyout. I'm disappointed with this RNS. You can dress it up as much as you like.

[topazfrenzy] 08/3/2018 11:08

I suppose many people on AIM are economically illiterate punters with their £1000 to gamble with and therefore cannot fathom the importance of this RNS, sorry to be so blunt. This is definitely the most detailed forward looking RNS since the FS.

GL to all holders :)

[topazfrenzy] 08/3/2018 11:06

Shipping from Gabon is now another option for EPP, until say Pointe Noire is operating in a big way:

"Logistics routes to two potential exit ports are under review

§ Road only, and combination road plus rail routes within Republic of Congo ("RoC") to the port of Pointe-Noire

§ Road and rail through Gabon to the port of Owando (Libreville)"


Gabon mentioned in this bit again:

"Since then, a number of factors have shifted to the Project's benefit, including (a) robust iron ore demand in China and increased pricing for benchmark 62% Fe iron ore which is currently trading within a range of approximately US$70-80/t; (b) record price premiums for high quality iron ore products; (c) available rail and road infrastructure across the border in Gabon; (d) reductions in third party contractor pricing in the mining industry globally; and (e) reduced energy costs."

[topazfrenzy] 08/3/2018 11:04

Economics for Stage One also much improved:

"* FS review indicated significant savings achievable across both capital and operating cost estimates for the 12Mtpa Stage One development project, including:

· Capital expenditure savings potential of 8-9% (U$153-371m), reducing the 12Mtpa Stage One capital cost estimate to between U$1,797-U$2,041m

· Operating expenditure savings potential of 15-20%, reducing the 12Mtpa Stage One operating cost estimate to between U$23-24 per dry metric tonne"

[topazfrenzy] 08/3/2018 10:57

This should make the mining press, then see how it will spark interest from equity investors, positioning themselves for the big one.

[aja5] 08/3/2018 10:53

Hopefully we have bought sometime so I can bed and isa the shares outside my isa account ! Just st give us another four weeks before any potential fireworks please😜
Nothing negative in today’s rns,this is a strong HOLD

[topazfrenzy] 08/3/2018 10:45

fox, an offer or JV is coming, the Rio leak is significant, don't underestimate how fast things can move in this sector. Simandou is on the back burner due to politics etc and Zanaga will replace it.

[topazfrenzy] 08/3/2018 10:43

"Taking a step further in the beneficiation chain, by converting high grade pellet feed concentrate into a pellet product, one should also note that the premiums being paid for conventional 65% Fe pellets have now increased to US$140/t resulting in the large iron ore pellet producers achieving a premium of 84% (US$64/t) above the benchmark iron ore price."

84% premium in price!!!!!

Make your sums, this project is worth many billions more than originally thought.

[1fox1] 08/3/2018 10:39

Well done to GTA5 You called this spot on mate a couple of months ago. If you are still around I take my hat off to you. The RNS could have been written by yourself. I'm sitting here contemplating my naval at the moment. C'mon people...You must be disappointed with this RNS. Those expecting a third party funding and street parties must be very disappointed with this damp sqib. The only saving grace is the company is back on track but it's going to be a longer term investment to reap the real rewards. To be honest my original investment was always longer term towards 2020. I can wait

[nash81] 08/3/2018 10:36

time to top up... this going back up - may end blue ....

nicely said - copied from another poster lse

======================

ok, sellers may continue selling but they will finish soon.

like mentioned by Minor, the details is professionally written and huge data are for large corp. i now expect large corp such as for argument sake, Rio/Chinalco will start digesting the data over next few days and with the quality ore we have, it will be hugely interested for them.

we have backing of Glen and financing wont be a problem. afterall, should either Rio/Chinalco is keen after digesting today#s data, they will then start negotiating perhaps either JV on the project or even better, full Buyout...

buy and hold for me.

[nash81] 08/3/2018 10:35

time to top up... this going back up - may end blue ....

nicely said - copied from another poster lse

======================

ok, sellers may continue selling but they will finish soon.

like mentioned by Minor, the details is professionally written and huge data are for large corp. i now expect large corp such as for argument sake, Rio/Chinalco will start digesting the data over next few days and with the quality ore we have, it will be hugely interested for them.

we have backing of Glen and financing wont be a problem. afterall, should either Rio/Chinalco is keen after digesting today#s data, they will then start negotiating perhaps either JV on the project or even better, full Buyout...

buy and hold for me.