Zanaga Iron Ore Share Discussion Threads

[greenelf] 27/2/2020 14:52

What have you ever done other than whine... exactly!

[catchingmice] 27/2/2020 14:26

What makes you think it may be 1yr when you have got everything wrong so far ?

[greenelf] 27/2/2020 11:01

No, it will likely be a year's delay, no great shakes.

[pugugly] 27/2/2020 10:56

The board do not (imo) have a chance in hell - Not their fault - Macro economics have turned against them - Very likely (imo) that project will be abandoned or sold on for a nominal sum (the same impact)

[knocknock] 27/2/2020 10:53

May well be worth another go here later in the year. I think the share price is as likely to reach new lows before any developments that could add reasonable value. IMO. No position here , have invested and traded here over many years and still amazed at such slow progress .

[greenelf] 27/2/2020 10:48

There may now be a delay to the project with worsening economic outlook, out of the bod's hands, alas. Just have to wait a bit longer :)

[catchingmice] 27/2/2020 10:41

Absolute F-----G.......Baloney no word from the BOD as we sink lower and lower and may now see 4pWhat a wonderful job the BOD are doing and anyone who comes on here thinking this will get taken out for a couple of ' QUID' are seriously deludedMessage for the BOD" Get something done and create shareholder value if not get the F--K out of here and let someone else take control "

[greenelf] 26/2/2020 12:37

Nope not gonna happen. I take responsibility for my own investing decisions and own them. Playing King Canute is not going to get you anywhere..

[catchingmice] 26/2/2020 12:20

You will be moaning yourself if this goes any lower I've a right to moan when dirty markets in china sell anything with 1, 2, 3, or 4 legs or no legs like snakes and they think that's fine for human consumption" What F-----G planet are these chinese on " ?They should be held accountable for their inhuman, Insane, Barbaric ways of life and put behind bars

[greenelf] 26/2/2020 12:03

One blind mouse, see how it whines..

[greenelf] 26/2/2020 11:01

It is great, the markets needed a good reset. Was way too frothy, is better for long term market health. But you cannot see past the end of your nose..

[catchingmice] 26/2/2020 10:23

Markets are literally goosed all down to the chineseWell done you lot for F-----G everything up

[catchingmice] 26/2/2020 10:00

Thank you China for F-----G the world economy up with your insane barbaric dinner habitsI hope as a nation you are dealt with severely and a world ban is put in place to stop you eating anything that walksFrom this moment i will not even spend a penny in one solitary chinese takeaway until you clean your act up.Dirty B------S

[greenelf] 25/2/2020 15:58

Better than your whining sunshine.

[extrader] 25/2/2020 14:33

Hi Catchingmice,

Best keeping quiet in future

Best news I've read all day !

;->
ATB

[greenelf] 25/2/2020 07:45

The other way to look at it, even the tiniest actual go ahead financed project would add value to the share price 100% added value from current share price to a measly 12p. 300% to 18p!! Dirt cheap at these levels even if just for a punt if anyone is so inclined..

[greenelf] 25/2/2020 07:33

It is an intriguing time, we are either worth nothing or everything, depending on what actually pans out in the coming weeks/months. Binary outcome investments are the hardest to call! My own feeling is the iron ore market has recovered sufficiently in recent years for Zanaga to be higjly desirable and in play, hence COIDIC now in formal agreement. Fingers crossed for a monumental life affirming RNS one morning..we live in hope!

[gta5] 24/2/2020 18:43

Greenelf, agreed; this is a moment that the board should have been prepared for since years back, so surely not taken anyone at Zanaga by surprise, but yet here we are with a super-weak share price and not many takers after years of delays. (and seritza offloading).

COIDIC might have spotted a great JV partner, but so far have not invested any money in ZIOP or Zanaga, on the contrary Seritza had.

The one that could go in and give a couple of million USD loan would be Elphick (pocketchange for him) but he's been very quiet for the last few years with ZIOC, apart from usual canned comment in the odd RNS. (His linked in profile does not list Zanaga even. Trahar doesn't belive in Linkedin, Jyotish George keeps an equally low profile, and Glencore officially calls this "option value")

Lets face it; Zioc has been in deep freezer for the last 6-7 years and is operating a skeleton crew until someone does something.

My hope is that Nguesso pulls his finger out and charms the IMF sufficiently that in turn will give the Chinese sufficient confidence to push Glencore to release Zanaga after they square their IOU-s with Nguesso. A lot of if's and but's in other words.
On second thought. 5.9P/share sounds about right! lol.
GL. GTA

[greenelf] 24/2/2020 16:36

Funny how COIDIC did not spot that..?!!!Sure.

[pugugly] 24/2/2020 16:32

Seritza looks as though they may have come to the conclusion that this pile of iron rich old rocks is possibly a stranded asset and have rescued what cash they can - If so congratualtionsto them -

[greenelf] 24/2/2020 16:26

I think we have to assume the BOD are not stupid, they have had enough time to prepare for this moment. It may well be there is no funding requirement. Packaged up and sold off. Boosh.

[sooty snipes] 24/2/2020 16:25

I emailed Andrew Trahar back on the 19th December asking him about funding. I got this reply.
============================

"The Company has taken significant steps to reduce its cash burn and we will provide an update to shareholders on this soon. We are of course aware that the Company needs funding to be in place to support the project and we have numerous options available to us to do so. We are comfortable that we can continue our funding of the Company and the Project going forward and will update shareholders on this matter soon".
===========================

Soon we will be finding out just how comfortable they are. Good luck Sooty