Zanaga Iron Ore Share Discussion Threads

[petebarnes1] 13/3/2018 15:49

leaky leaky

[bullet ant] 13/3/2018 14:15

Just watching with interests.

If I see 5p again I may buy some for the next P&D scheme.


BA
Stealing is good.

[petebarnes1] 13/3/2018 12:34

fox we already know all this and to hypothesis constantly on what zioc will do is second guessing.

[petebarnes1] 13/3/2018 12:30

your waffle or mine lol

[petebarnes1] 13/3/2018 12:29

BUYER such as Rio.
GTA513 Mar '18 - 11:43 - 422 of 423
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1fox1:
Yes, I'll put the questions to AT or Elphick, but probably at the next AGM or EGM. I don't think he'll be able to answer much on the phone/mail.
But, there is not much AT or Elphic can tell me about the EPP above what they have made public, and as I've expressed before I see the value in accelerating the Phase1 through early work on the EPP, but as a standalone early project I don't buy it for a second, considering the permitting process alone, and even less considering our limiting $2-3M in the bank, (and Glencores aversion to Greenfield projects ontop of the fact that a EPP is not even worth the admin for them.) No no no...

For me this is a long game, and I have no problem waiting. I'm more worried about low cash reserves and really hope that ZIOC/P do continue with the low cash burn so that we can eek out at least this full year without placings or raising cash as our low share price would be serverly diluted if they did. (I do trust the BOD to be sensitive to this and also aware of timings they're playing with when chosing how to advance ZIOP)

On the positive side I do think that the SEZ is progressing and the sooner we get the Chinese and ROC to officially set up the "mixed capital company" to manage the SEZ the better. Once this is official I think the whole project will get a decent re-evaluation and our share price should react accordingly.
Fingers crossed.
1fox113 Mar '18 - 12:26 - 423 of 423
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Cheers GTA5

I think what we are seeing now is Glencore and ZIOC are jointly exploring funding options with a view to attracting a third party debt and equity financing for potential project implementations. Hence the need to prove the asset. To set up a pelleting process on site or at the port. Along with infrastructure would take big bucks. Africa will sooner or later need to get it's act together. The continent is sitting on all this vast wealth and doing next to nothing with it.
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[1fox1] 13/3/2018 12:26

Cheers GTA5

I think what we are seeing now is Glencore and ZIOC are jointly exploring funding options with a view to attracting a third party debt and equity financing for potential project implementations. Hence the need to prove the asset. To set up a pelleting process on site or at the port. Along with infrastructure would take big bucks. Africa will sooner or later need to get it's act together. The continent is sitting on all this vast wealth and doing next to nothing with it.

[gta5] 13/3/2018 11:43

1fox1:
Yes, I'll put the questions to AT or Elphick, but probably at the next AGM or EGM. I don't think he'll be able to answer much on the phone/mail.
But, there is not much AT or Elphic can tell me about the EPP above what they have made public, and as I've expressed before I see the value in accelerating the Phase1 through early work on the EPP, but as a standalone early project I don't buy it for a second, considering the permitting process alone, and even less considering our limiting $2-3M in the bank, (and Glencores aversion to Greenfield projects ontop of the fact that a EPP is not even worth the admin for them.) No no no...

For me this is a long game, and I have no problem waiting. I'm more worried about low cash reserves and really hope that ZIOC/P do continue with the low cash burn so that we can eek out at least this full year without placings or raising cash as our low share price would be serverly diluted if they did. (I do trust the BOD to be sensitive to this and also aware of timings they're playing with when chosing how to advance ZIOP)

On the positive side I do think that the SEZ is progressing and the sooner we get the Chinese and ROC to officially set up the "mixed capital company" to manage the SEZ the better. Once this is official I think the whole project will get a decent re-evaluation and our share price should react accordingly.
Fingers crossed.

[1fox1] 13/3/2018 11:08

Pete what was all that waffle about that you posted earlier

[mister md] 13/3/2018 10:52

transaction dated 9 march

[petebarnes1] 13/3/2018 10:14

wow 500,000 k buy some one is happy and confident get in

[petebarnes1] 12/3/2018 23:21

rio is the key

[petebarnes1] 12/3/2018 23:20

about it. All these problems were apparent when the company floated at a much higher price
nash8112 Mar '18 - 17:12 - 421 of 421
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GTA5

the reason why Glen is not really committed as they have indicated iron ore is not their core business. nevertheless they are committed to ZIOP so that is in itself a huge plus point as they want this project to be progressed.

but, i believe ultimately GLEN objective is to prepare ZIOP and make it attractive to BUYER such as Rio.

[nash81] 12/3/2018 17:12

GTA5

the reason why Glen is not really committed as they have indicated iron ore is not their core business. nevertheless they are committed to ZIOP so that is in itself a huge plus point as they want this project to be progressed.

but, i believe ultimately GLEN objective is to prepare ZIOP and make it attractive to BUYER such as Rio.

[1fox1] 12/3/2018 16:09

I do know that if this new technology works it will add a lot of value. Surely though thinking about it. All these problems were apparent when the company floated at a much higher price

[1fox1] 12/3/2018 16:04

GTA5 Have you ever considered putting your point or questions across to Andrew Trahar? He's quite an accommodating chap. His number is given in the recent update. I called him to ask about cold pelletisation process. He doesn't dodge questions. What you say is quite logical. His number is 02073991105

[extrader] 12/3/2018 15:45

Hi GTA5,

Another possible reason for hesitation by Western companies is political risk : Coface, the French export credit agency to this Francophone country (and presumably best placed to know), gives a rating of C for country risk and D for business risk.

The President (for-life, following a Constitutional change) is 75 and his children attract the usual media attention
hxxp://www.france24.com/en/20170625-congo-presidents-daughter-charged-with-corruption-france

China Inc. , of course, may not share this concern...or be confident that they have the means to work around it. " Sampan diplomacy ", anyone ?

ATB

[gta5] 12/3/2018 15:08

Yes, I agree.
At the end of the day, what needs doing is not that complicated, just needs someone with deep pockets to get Port built, Power/gas plant built at port, mine built, power and water provided to Zanaga, pipeline built and processing plant/loading facilities in the SEZ at Pointe Indienne. preferably in that order.
One would have thought the obvious player would be Glencore with the backing of ROC gov. But for some reason they really are avoiding to take the bull by the horns and get on with it. Any 3rd party interested in Zanaga will surely ask themselves the same question. Why are Glen not pouncing on this.
The only reasonable explanation I can find is that everyone is waiting for showels in the ground at Pointe Indienne. Once financing is secured and actual construction is under way I think Zanaga will be in a totally different place. As far as I can tell SEZ construction has been pushed back to this time next year following another FS.
I hope ROC gov is able to speed this up as the studies have been dragging on for years.

Latest press I've seen on this is the report on the 31st of Jan this year:

"Speed up agreement for the SEZ signed
Pointe-Noire economic zone: Congo and China determined to speed up the creation process"
...
"The Chinese delegation was led by COIDIC's chairman of the board and vice chairman of the fund, Zhou Chao. The Congolese government was represented by the Minister in charge of SEZs, Gilbert Mokoki.
..
The two parties decided: to accelerate the process of expropriation of the space dedicated to the first phase of the project, with an area of 8.1 km2; studies of detailed planning and economic feasibility; the creation of the mixed-capital company that will manage the SEZ; drafting and negotiating the development agreement for this platform."
...
"The company COIDIC has asked the Congolese party to prioritize the release of land located in the 8.1km2 to promote the official launch of the works in January 2019."

Lets see,,,

[fission453] 12/3/2018 14:33

Massive potential on here!

[extrader] 12/3/2018 14:12

Hi GTA5,

I share your view FWLTW .

We don't know detail of license terms AFAIAA but even if there's no 'use it or lose it aspect' it makes good sense vis a vis local politics/politicians and your investors and other stakeholders to remind them that you're doing your best to move matters forward.

We need the 'causes and conditions' to be right. We're moving in the right direction, but I think it'll be a slow slog UNTIL someone takes the plunge.

In that connection, fear of missing out (FOMO) isn't something that only we PI's experience...

ATB