Zanaga Iron Ore Share Discussion Threads

[petebarnes1] 25/4/2018 21:25

Seagreen i would agree mate, you and i are not sheep we invest and wait and get rewarded.. DYOR

[topazfrenzy] 25/4/2018 17:30

very exciting summer coming for all invested :)

[buffskins] 25/4/2018 15:04

Topped up today too. Now come on ZIOC let's have it !

[seagreen] 25/4/2018 12:45

Pete...agreed.... but we avoid the fruit flies who pile in and pile out and cause unecessary volatility ... happy times ahead for the patient

[petebarnes1] 25/4/2018 09:13

yes last chance at cheep price here

[gta5] 24/4/2018 23:59

Still no conclusion from IMF:
(hxxp://venturesafrica.com/congo-seeks-imf-deal-after-promise-to-turn-around-its-debt-ridden-economy/)

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The Republic of Congo announced on Friday that it had carried out the International Monetary Fund’s wishes of restructuring its debt, and so was eligible for an agreement with the IMF in a bid to turn around its debt-ridden economy. However, IMF in a statement said it would finance the agreement once it is sure that Congo has restored its debt sustainability.

Earlier this month, IMF bosses warned of the rising debt profile of many African countries. Currently, ten African countries are being weighed down with a heavy debt profile, but its negligible because the collective GDP of most of these countries is less than $30 billion. The Republic of Congo is in the top 10, with its debt-to-GDP ratio at around 110, a major reason why IMF has refused to sign any economic development deal with it.

IMF Africa Director, Abebe Selassie told Quartz two weeks ago that reducing the debt profile of many African countries is becoming increasingly important, since most of these debts are not sustainable. “What we are pointing to is the need to push back against this increase in debt,” he said “What’s really needed now is to try and capture the return on investments by those governments that invested in roads, electricity, water supply, etc.”

The finance body also seems to be taking the long road with Congo, basically promising the Central-African country that the body would fund its plans to “restore sustainable and inclusive economic growth and support a stable micro-economic environment compatible with the viability of the public debt,” if Congo complies with all the relevant IMF policies that apply to debt accumulation.

Congo is one of many African countries, especially Central African countries, that’s been hit by the low crude oil prices. While other Central African countries like Chad and Gabon have secured IMF loans, Congo and IMF have not yet arrived at a consensus.

Some of Congo’s debts are domiciled in commodity trading companies like Trafigura and Glencore, worth about $2 billion. However, most of its external debts are owed to China (like many other African countries), a situation former US Secretary of State Rex Tillerson said “endangers Africa’s natural resources and its long-term economic political stability.”

The growing debt for many African countries is a ticking time bomb according to analysts, and needs to be nipped in the bud immediately. Brookings Institute predicts that it is till one of Africa’s five biggest economies are deep in debt before the IMF and World Bank will begin to place importance on the rising debt profile on the continent. However, that could happen very soon as Angola and Kenya now have debt-to-GDP ratio of more than 60%.

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[petebarnes1] 24/4/2018 19:26

seagreen either way win win

[petebarnes1] 24/4/2018 19:25

I don't ramp tyrano whotsit , i just say it as it is news very soon

[seagreen] 24/4/2018 13:29

Have to say the take over stuff prime facie is potentialy utter ramping balls the management have sat here patiently keeping the licence good and cutting costs waiting to develop the asset and they now have the money to develop the opportunity to stage one and finally create real wealth for themselves. The concept of Glencore going into partnership with an arch competitor like Rio Tinto appears utter balls to me although happy to be proven wrong. Unless they wanted to both sell lock stock and barrell to Rio Tinto. It really does not help trying to make up stories. However, the long term looks very exciting as they develop the asset alongside Glencore. Indeed if it is a success it is more likely that Glencore would buy the current management/JV out at a premium in due course subject to metal prices.

Just an oppinion and the news above from Reks is indeed positivo and it helps having the IMF with their beedy eyes on this and other projects to prevent any skulduggery.

[reks] 24/4/2018 11:05

IMF reaches deal with Congo



now we will see the deals done

70p by mid-May imo

[monkeymonkey] 23/4/2018 10:18

nothing to say today peter, very strange lol

[petebarnes1] 21/4/2018 10:28

They were paying over £2 in 2011
and this was WITHOUT;

-existing port upgrade
-new port agreed to be funded & built by Chinese
-mining license
-enviro permit
-high grade iron ore premium price

WE HAVE ALL THIS NOW!

should be billion pound mcap now

[petebarnes1] 20/4/2018 11:26

As a Man City fan i always back winners , have to be a man city fan as my name is peter barnes DYOR

[petebarnes1] 20/4/2018 10:53

Mister can you expand on that lol

[petebarnes1] 20/4/2018 10:43

Neil Wilson and 4 others liked


Wenger Trade
‏

@TradeWenger
21h21 hours ago
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#ZIOC

Asset for sale according to my very good source

Billion pound NPV v £40m mcap

You saw what happened to #AST on RNS of potential sale

This will sell for £500-£600m according to source

12-15 bagger

[petebarnes1] 20/4/2018 10:42

if we get cold pelitisation confirmation also re rate will be big, always a take out that could happen also.

[mister md] 20/4/2018 10:38

un-moderated again, lol !

pete - best if you say you got stuff off twitter and mention who tweeted it for tansparency

Made a massive trading profit on ZIOC, but happy to sit things out now and follow the RNS (small scale project) news. GLA

[petebarnes1] 20/4/2018 10:35

I do feel we are on the cusp f a big re rate though , with updates promised this quarter by Andrew

[petebarnes1] 20/4/2018 10:32

thanks fox all the best pete x

[1fox1] 20/4/2018 10:32

OK Pete in that case I'll stay. Good luck!

[petebarnes1] 20/4/2018 10:29

I just post what is available its up to the free will of any poster to interpret it as rubbish or not. And you say you refer open forums!!!