Zanaga Iron Ore Share Discussion Threads

[gismo] 20/9/2019 10:07

Morning sooty, problem is where is it going to?

[sooty snipes] 20/9/2019 10:05

Thought I would make your link easier to read Extrader.

[gismo] 20/9/2019 09:32

The plot thickens

[extrader] 19/9/2019 23:50

Hi all,

From lse, courtesy of allthatguff, who asks what we think this means for ZIOC/Zanaga, if anything ?

..."hxxps://lesechos-congobrazza.com/economie/6287-congo-construction-d-une-ligne-de-chemin-de-fer-dediee-au-transport-du-minerai-de-fer-de-mayoko

"Congo: Construction of a railway line dedicated to the transport of Mayoko iron ore

The Council of Ministers, which met Wednesday, September 18, 2019 at the Palace of the People, under the very high authority of the President of the Republic, Denis Sassou N'Guesso, welcomed the signing of a construction agreement. a railway line dedicated to the transport of iron ore from Mayoko, between Sapro and China state construction engineering, a Chinese public construction company known to have built the Beijing National Swimming Center and Shun Hing Square, as well as the Stade des Martyrs in Kinshasa.

This 450 km railway will link the city of Mayoko in Niari (south) to the port of Pointe-Noire, the economic capital of Congo.

The construction of the railway, which will be used to transport iron ore produced at Mayoko and which is 65% in the international market, should begin this year and end in 2022.

With planned Mayoko expansion plans, Congolese iron ore production should be boosted, placing the country among the world's largest producers. The current world leader is Australia.

The Sapro company will reach phase 4 with more than twelve million tonnes of iron year. The goal is to revolutionize the Congolese market of the industry.

The company Sapro has great difficulties to evacuate its iron ore, following the defective state of the railway line ex-Comilog.

In July 2018, the Congolese head of state, Denis Sassou N'Guesso mentioned, as a priority, the expected construction of a railway line that will link the different mining production basins, from the ore port of Pointe-Noire to Sangha department (north), including the localities of Mayoko and Zanaga (south).

The Congolese number one added that the challenge of a diversified and significant start-up in this vital economic sector must be accompanied by resolute action by the government, so that the mining sector will be provided with the infrastructures that will enable to make it economically profitable."

Mayoko is about 100 miles straightline northwest of ZIOC's mine (if we were to rail, rather than slurry-pipe direct) but where to on the coast ?

The port remains the key, for both co's.

ATB

[gismo] 19/9/2019 20:01

Yes it most certainly is. Have a good evening

[greenelf] 19/9/2019 19:36

I don't know. Thanks, Gismo. I spent the days after the forum thinking hard about the situation. Not an easy decision. I may regret it or not...that is the joy of investing.

[gismo] 19/9/2019 18:19

greenelf - how do you know it did not happen? Surely it would take time to filter through after this meeting. Anyway, I do wish you all the best, just querying why you haven't stayed in with a small amount of shares just in case gl

[greenelf] 19/9/2019 16:41

Thanks sooty. What bothers me about the sez agreement, we do not know anything about it or if it even relates to the new port. Have all the finances been sorted? When is it actually going to start?? I thought they would be trumpeting this off the rooftops. Silence worries me a great deal!! I will buy back in with any sniff of teral progress, dontcha worry :) I wish you all the best of luck sooty. You have always been a realistic and rational poster.

[sooty snipes] 19/9/2019 16:35

Sorry to hear you have sold out Greenelf. I know you have held for quite some time. I don't understand you saying nothing happened at the recent forum. There was a confirmed finance agreement for the construction of the Pointe-Noire economic zone. This was one of three agreements in favour of The Republic of Congo. The one I have mentioned is the one that might/will benefit ZIOC. Good luck with any future investments Greenelf. I'm not for selling at the moment. You have taken a bit of a risk selling so near to the half year report that's due in the next week or two.

[gismo] 19/9/2019 15:38

Not touchy at all. Just curious that you think a deal could land at anytime and you're not invested, that's all?

[greenelf] 19/9/2019 15:20

Keep deramping?? Eh?? I made a post which somebody questioned and I answered. Then I answered you as well. Sorry my analysis and opinion differs to yours! Been following this share for 8 years.. sometimes prospects lighten and other times it dims. Risk level keeps changing and my investment level does as well. Learn to be less touchy, hearing differing opinions can save you lots of money on AIM. Good luck!

[gismo] 19/9/2019 15:07

So why keep deramping the share, to get in lower maybe? If you think this will be sold out overnight and you're not holding then surely thats not a good situation to be in? You don't make any sense. It will be suspended, no warning whatsoever

[greenelf] 19/9/2019 14:19

I sold out at 10.2p a few (2?) day ago. A shame. But keeping a close eye out on any developments. This could still be sold literally overnight. When is anybody's guess..

[gismo] 19/9/2019 13:59

Maybe it's time for you to move on then greenelf

[greenelf] 19/9/2019 11:50

Not even the safe UKcan get mining funding for a half finished project...SXX. World economic situation in a bad place, does not look good for Zanaga unfortunately.

[extrader] 19/9/2019 11:25

Hi all,

2 x RNS's today, announcing changes in holdings that happened (maybe coincidentally ?) a short while before the famous 'conference', but only just reported.

To sum up : PKC Capital Guernsey disposes of its 5.99%, 1.70% is under the radar so no longer reportable, 4.69% is acquired by Seritza in BVI. Ultimate beneficiary of Seritza holding remains Ark Trust.
As others have suggested, may be prompted by 'imminent action' or out of an abundance of caution', either taxation or disclosure.
Who knows ? They obviously thought it worthwhile...and the timing may mean something. Or not.

ATB

[sooty snipes] 19/9/2019 11:24

The risk is how to get the iron ore out of the ground. This requires modern infrastructure and a viable new port. All this would cost a substantial amount of money. Greenelf what makes you think the forum was a failure? There was a confirmed agreement for the construction of the Pointe-Noire economic zone. This can only be good news for Zanaga Iron Ore. It's disappointing the share price has fallen back. There have been so many false dawns with this share. It's very frustrating but we will be getting an update very shortly so let's see what that has to say. I'm encouraged by the recent share award scheme. They wouldn't do that unless they expect to deliver. Patience is the key here and by golly we need it.

[gismo] 19/9/2019 11:13

No risk here as far as I'm concerned, not with the amount of iron ore in an area about to be developed

[greenelf] 19/9/2019 11:06

Well with the failed Forum, the risk has gone up substantially here. Could be a long wait for action, plus no guarantee that the EPP will be indeed viable..

[fillipe] 19/9/2019 09:33

A small clutch of buys this morning, now that we are around the 10p marker.

f.

[extrader] 18/9/2019 18:19

As I posted yesterday :
Interims RNS : 29/9/16, 22/9/17, 28/9/18....

Pay attention at the back !
;->

[gismo] 18/9/2019 16:35

There will be....