Zanaga Iron Ore Share Discussion Threads

[gismo] 03/1/2020 16:48

Maybe they had to

[sooty snipes] 03/1/2020 16:38

Looks like they bought most of these

[sooty snipes] 03/1/2020 16:36

From what I can see they only bought in last Septmeber

[gta5] 03/1/2020 14:50

So, there it is. Seritza (old Artemis Trustees) are dumping. (about 2Million shares from 13.2 to 11.2 and notified on the same day of transaction/crossing 4%. must be an AIM first!)
Why would such a long term holder be selling substantial amounts at this depressed price before what should be a positive time for the company after years of delays?

Questions questions...

[gta5] 03/1/2020 01:29

Wow... I was going through my notes, and realised that I'm on my 8th year as an investor here.. talk about things moving slowly in Africa! But considering the company is still afloat and hasn't been diluted to trillions of confetti-shares is a bit of a record for the cesspit that is AIM. (I'm Celebrating the little things in life today.)

Gl to all!, I have a funny feeling this is the decade things will kick off for Zioc!
(And joking aside, maybe some great things even -this year-...)

GTA,

[gta5] 30/12/2019 12:40

Thanks Extrader,
I think you're right on the difficulties of Sundance, and the big hitters being the key to kick things into action.
I've been watching the situation in RoC for some time, and have -as mentioned often previously- been very sceptical and refused to get excited about MoU's, press releases or news articles written on hope and expectations rather than real change.
I think the project and resource is huge and a no brainer on its own. Where it starts getting messy is the SEZ, the Deep sea port, power, Nguesso, politics, workforce, water, financing and the Roads, rail and slurry pipeline and maybe even a steel mill.
And all of the above is dependent on the other to be successful. Chicken and egg....

No matter how we look at it the grand total will come to a $10BN+ investment price tag. (phased or not, but the total is required)
Hands up who's got that available? (RoC? Glencore? COIDIC? IMF?)

The answer is not so simple, as all of them *could* but no one in their right mind would sink $10BN+ into the RoC headed by Nguesso. It has been done before, and IMF has got burnt, Clencore has got burned, ENI has got burned, and the Chinese are no mugs, they're trying to hide behind IMF taking the brunt of the risk. So it's a waiting game, and has been for the last few years. who has the senior debt, and risk in RoC?
Some sobering reading from this article -only a couple of years old- , and quite relevant still sadly.(hxxps://www.globalwitness.org/documents/19299/IMF_Congo-Brazzaville_briefing.pdf)

The way I look at it the Chinese are finally making noises of taking the lead and exposing themselves to risk. (-as IMF are clearly signalling that they won't bail Nguesso out anymore) and perhaps with the Chinese taking charge of the infrastructure directly there is less scope for the chinese investment ending up in Swiss bank accounts or adding fancy real estate for the Nguesso clan around Europes capitals...

However, for that to happen I think they (Mr Xi Jinping) need to do the full monty. I.e. come up with the full $10BN+ and for Nguesso to realise (and accept, facilitate and endorse..) that he won't be able to funnel the same amounts of cash for his own goals. Effectively handing over the control to the Chinese. (He's been dragging his feet so far)

As hopeful as I am, I still see the only realistic solution being China taking the lead on all of the projects, and hoping that Glencore (and with it Zioc) gets some crumbs of the big pie...

GL, and Happy New Year!
GTA.

P.S.
Empire of dust is an interesting piece from a few years ago (2011) on the challenges to get a piece of road built for a mining operation in the the other Congo (DRC). Quite telling.


For those still thinking that "fixing up the road" for trucking 1MTPA+ on dirt roads is doable this is a good watch of the current state of the roads north of Loubomo. (from about 2 hours in it's the RoC side)
And before you get too depressed the real tarmac road south of Loubomo towards Pointe Noire looks better, even if not for heavy iron ore trucking but perhaps for transporting building materials it would do!.. (
Last but not least, from the 11th Dec, for those frenchspeakers among us: interview with Paul Obambi, from neighbouring Sapro on Iron ore and RoC...
.... D.S.

[extrader] 27/12/2019 18:46

Hi GTA5,

Good assessment, I think, with a couple of nuances, maybe : (1) Sundance's economics seem to depend in part on exploitation of a resource that straddles the border area Cameroon / RoC.

Biya is probably older but no less corrupt than Nguesso…..and both seem to have issues re extra-territoriality ie cross-border co-operation and sharing infrastructure. Plus no identifiable 'big hitter' to drive things forward.

(2) Although Simandou has a big 'ask' re the 650 Km railway and port, it could be the key to unlocking/accelerating a lot of resource exploitation....and the Chinese are already in big on the bauxite/alumina front. So they have their 'big hitter'

We have GLEN as ours, it would be good to see them get off the fence (almost EITHER way), maybe Glasenberg's departure, whether voluntary or otherwise (DoJ ?) , will be the trigger ?

ATB and happy new year !

[gta5] 27/12/2019 13:12

So....
Happy Xmas to all.
Interesting news about the Framework Agreement with COIDIC showing that this is on the chinese radar. Very positive.
Finally the EPP is mothballed. surprise surprise....(I can't believe how some thought that'd ever be an option?)

I read with interest about the news around Simandou's revival, with $15BN pledged and a shiny 650KM rail line to be built all the way to a deepwater port...sounds very familiar. As with Zanaga; I'll take it seriously when I see the shovels in the ground. (High probability to be fair, maybe 50-50?)

Lets see if those shovels in the ground appear any sooner in Guinea than those at the SEZ in Pointe Indienne? (also not much of a surprise that nothing has happened as promised in Jan 2019...) "Expropriations continue" is the summary from 2019 after years of delay. eh... great.

However, it sure looks like the Chinese risk appetite is back on with a vengeance.
Also interesting to see Sundance making a lot of noise on the other side of the border in Cameroon, but with the same situation of a huge asset that is landlocked and in need of a new port and heavy rail to get it there... the story is the same all over the place.

Anyway, call me a hopeless romantic, but despite the cash running low and the EPP bluff being called I still think that the Zanaga project has a huge value. I just don't give much for Trahar's BS. I think it's on Glencore to give the signal when the time has come.

Good luck for 2020!

GTA

p.s. is it me or is there still a big seller dumping a big position? (I see the share price has taken a hit, but despite buying the price is still dropping.) -edit- there it is and still going...

[sooty snipes] 23/12/2019 15:09

He's tried that one before. I pointed out to this same clown North Kivu borders Burundi, Rwanda and Uganda. Almost 2,000 miles away. I don't know why this sad person posts on this thread. All the best everyone

[sandcrab2] 23/12/2019 10:55

Ebola crisis deepens

'Militants with the Allied Democratic Forces (ADF), one of dozens of armed groups operating in DRC’s North Kivu, they hacked to death women and children, killing 22 people in a single incident in one of a series of attacks over the course of a weekend that left 43 dead in total.'

'Now the health teams, both local and international, that have been battling an epidemic that has claimed more than 2,200 lives over the past year and a half, are faced with a grimly familiar picture: a security crisis that limits their ability to work in one of the three epicentres of the outbreak, and an inevitable resurgence of the disease.'

[gismo] 20/12/2019 12:56

Sooty this won't go on for 12 months, hence no need for financing. I am hedging on a buyout, the Chinese don't want to deal with anyone else, hey like sole ownership. In the last update it was stated 3 times that the Chinese are moving fast.... 2020 could be a fab year here, Happy Christmas all

[sooty snipes] 20/12/2019 10:24

Why the funding? The company will simply run out of money within the next twelve months unless they can sort it out. I would imagine they will be looking for an offtake agreement. This would clear up any doubt without diluting the share price. Good luck Sooty

[paulchuckle] 19/12/2019 20:01

Just typical aim, sell on news. This will creep back up next year. Filling up at these levels

[gismo] 19/12/2019 18:35

Why the funding sooty when the Chinese are in talks, do you not think that they will do a Samandou with us? I think so, Top up time if funds allow

[davethechef] 19/12/2019 17:30

Agreed very disappointing share price
I bought in 11.65p on day of Landmark Agreement; after having this on my watchlist for sometime, and thought that news might continue up the share price

[sooty snipes] 19/12/2019 16:33

And yet here we are sitting at 8p. Beggars belief really. Zanaga really do need to confirm funding and if there is going to be dilution

[davethechef] 19/12/2019 16:20

BRR Video interview broadcast with Andrew Trahar, from today



Bullish!

[gismo] 18/12/2019 15:31

Everyone is talking about finance, I would rather talk of jv/buyout, I think that's on the cards more than finance. The Chinese want iron ore, they like to be in control, join the dots and look at the bigger picture. Gla

[davethechef] 18/12/2019 11:18

China's appetite for high grade grade iron ore immense, looking ahead, encouraging article from a month ago
hxxps://investingnews.com/innspired/china%e2%80%99s-war-on-pollution-driving-demand-for-high-grade-iron-ore-pellets/

Disappointing share price reaction to recent landmark agreement, but more 'meat-on-the-bones' required to ignite the sp; Q1for update I guess.

[sooty snipes] 17/12/2019 10:26

Genuine investors may find this interesting. Andrew Trahar sounds very upbeat on the operation. The only cloud seems to be a start up date. I'm utterly bewildered at the decline in share price. In my opinion the next big news to boost the share price would be finance clarification. The rest is virtually de-risked. I'm happy to just watch and wait. The link below by the way was provided by another investor over on the LSE board. Hope he doesn't mind me posting it on here. Sooty.

[sandcrab2] 17/12/2019 09:40

Price continuing to plunge

[catchingmice] 17/12/2019 09:23

Back under 9p WTF is going on ?No Turkey & Trimmings this year for ZIOC

[sandcrab2] 16/12/2019 20:25

Got to love Gismo's 💘 positivity!