Zanaga Iron Ore Share Discussion Threads

[catchingmice] 12/3/2020 08:46

Markets are well and truly F----D and we all know who's caused itYes the F-----G Chinese

[extrader] 10/3/2020 23:22

Hi GTA5
I think you'll find that Seritza is a vehicle for our former major shareholder Garbut ( Howarth and friends)...and he / they MAY be liquidating at ZIOC to fund a shareholder loan at NCCL
Just speculation on my part.
ATB

[gta5] 10/3/2020 21:57

well call me crazy, but I did not expect to see these levels again.

It was many years ago when I bought in at size around 3p and this is very tempting again. (I'll also openly confess to buying at 6+ 9+ 12+ 20+ too, and too lazy to figure out averages at the moment)
I've made a small top-up today, and will prob get more if funds allow and share price keeps showing weakness. My reasoning is that although it's still a huge risk, the corona virus situation has not changed the fundamentals, especially in the long run. Seritza's lack of faith is more of a concern, and their offloading at these prices a bit puzzling... We also know that no matter what A placing/loan/open offer/etc is coming for sure, but I don't see how that would put ZIOC's future at risk considering the very low cashburn and ability to live the status quo for at least a couple of years more.
I also note RoC's noise about sorting out their debts with Glencore, hopefully that will move and unblock IMF's stance, and with that the Chinese and indirectly COIDIC and the rest....

Onwards and top ups.

GTA

[extrader] 04/3/2020 15:10

Hi GTA 5,


Good points re China's appetite for stimulus ! Question remains, will China want to 'go its own way' or subscribe to the 'level playing field' re debt forgiveness that the IMF is still, apparently, seeking …..

Headline from Africa Intelligence today
"CONGO
Still no deal with IMF
The delegation, which recently visited..."
rest behind paywall.

ATB

[gta5] 04/3/2020 12:34

Hello Sooty, yes, I'm here -and hope to be for some time still.
I also hope for a loan rather than a dilutive placing, but It's only likely to come from Elphick I guess. If we got it, that would show that the founders are still in it and a huge show of confidence and strength (or if not, that they have moved on professionally and financially). A placing on the other hand would mean that we're on our own and at much higher risk of being pushed around by the bigger players.

I think it's way too early days for an offtake agreement as production is still 3-5years out no matter how rose-tinted glasses one wears, and the risk is just too high for someone to lend money against what is in the ground in a landlocked site hundreds of miles from the shipping lanes and in one of the most corrupt and bankrupt countries on the planet. Not even COIDIC has that level of risk appetite on their own. (Ironically; From a risk stanadpoint Your odds would be better sending your cash to that Nigerian prince that needs to offload billons in diamonds and just needs an advance for the lawyer to rubberstamp it)

But, perhaps if IMF and Nguesso sort out the current corruption-gap a little that could change quickly and the dominoes start falling in the right order...
A lot of ifs and buts in other words. And again proves and justifies why we are at these levels in my view.
It is a longshot and a gamble.

Here's to hoping!
GTA.

[sooty snipes] 04/3/2020 12:15

You still in here GTA? For what it's worth I don't think there will be a placing. I see a loan or take off agreement.

[gta5] 04/3/2020 11:21

While we wait for the upcoming placing here is some sobering reading on Nguesso and Glencore in Congo-B;

hxxps://www.globalwitness.org/en/campaigns/forests/what-lies-beneath/?

GL, GTA.

[catchingmice] 03/3/2020 13:32

Yes it is spreading but it will stop in a whisper and then it will cease to exist anymoreGood time for a few punts to make a few quid on the flip sideWash your hands regular and nobody will catch it it's that simple.This is spread by people not knowing basic hygiene levels

[catchingmice] 03/3/2020 13:22

Why is it Rubbish ?Read the book by Dean KoontzThis will be over very soon if it's not this week then end of next week' TAKE NOTE '

[gismo] 03/3/2020 13:02

What rubbish. I do wonder what planet you are on

[catchingmice] 03/3/2020 12:46

Don't be surprised if this Virus is finished by Friday TeatimeOverdone as written in the book" The eyes of Darkness "It will vanish as quick as it arrivedSome stocks as ' Cheap as Chips '

[gismo] 28/2/2020 17:26

Well I hope it's the end of March, need to get a few more!

[catchingmice] 28/2/2020 10:24

Absolutely wonderful everyone across the world suffers just because of the 'CHINESE '" Next time wash your F-----K hands "We want answers

[greenelf] 28/2/2020 08:09

It can still get a lot bleaker, potentially global markets could shed another 30-40% if the virus runs rampant in the US and Europe. Plus virus now detected for 1st time in Africa. True black swan scenario.

[silverspoon2009] 28/2/2020 07:21

This is looking bleak, they need to raise cash soon as well.

[gismo] 27/2/2020 18:08

Hope so I'll be in for a lot more!

[catchingmice] 27/2/2020 17:22

Yes it might just do that let's hope it doesn't eh

[greenelf] 27/2/2020 16:16

And did you sell up when you should have? No! Instead kept moaning and now here you sit stuck. This could go back to 3p!

[catchingmice] 27/2/2020 15:45

Called it right for one thing