Zanaga Iron Ore Share Discussion Threads

[gta5] 14/4/2020 10:59

Gismo, if you refer to £2M funding to keep the AIM listing going I agree it should be a no brainer and easily done. I hope with a loan rather than placing, but either way easy.

If you refer to the £2BN to get a Mine project started in RoC you're more optimistic than me! (not in 2020 at least)

China need the ore for sure, and the premium quality plays in our favour, but at the moment ZIOC has a 49.999% stake and a piece of paper saying we own the rights to this deposit. I don't see china paying much for the paper alone, especially for a non-controlling stake. Glencore might be persuaded to let go of their part, but I guess it's valuable to them in other negotiations with Nguesso directly, and as future"option value". They are on the record saying that they're not in any rush with this greenfield project.
It all requires de-risking. IMF to bail out RoC, China to take debt risk and Glencore to take various haircuts on Oil backed debt. (Some progress here: see article from 7th April!)
On top of that the SEZ+New Port is mandatory for this to be a "go" and it only takes a bit of googling to see that the virgin coastline north of PN is still just that. Apart from the clearing of private housing in a small area the lack of heavy machinery at work is telling, and this has been the case for years, despite a few false starts in '17, 18' and 19' even back when the world economy was healthy.
Will China kick-start this for real now that the world is expecting a huge recession? hmmm... maybe, but only if the odds are on their side and gains are guaranteed. Nguesso needs to make the next big move here and IMF to approve and China get some really -REALLY- attractive terms....
I'm waiting impatiently...

GTA.

[catchingmice] 14/4/2020 10:44

Struggling to break 7p bit of a sticking point at the moment

[gismo] 14/4/2020 10:34

This will be gone by the end of the year. Funding no problem. Coidic shall soon finish their infrastructure estimates. China need the ore otherwise why bring in Coidic?

[greenelf] 14/4/2020 10:23

Additional thoughts..Historically our problem has to a large extent also been our disinterested partner Glencore. When that shifts we shall see..Also the equation has changed recently, high grade iron ore is what everyone is after..A framework partnership with CODIC is not meaningless.

[greenelf] 14/4/2020 09:27

But you are right, if nobody wants to buy it, is worth nothing. So we make our choices?

[greenelf] 14/4/2020 09:26

Zanaga is a strategic globally ranked top four premium quality iron ore resource. Dreamland it is not for this reason as well as for what Simanadou recently sold for.

[catchingmice] 14/4/2020 09:19

Maybe not but surely them figures are in dreamland especially with the current circumstances the world is going through.I sincerely hope China nip this possible 2nd wave of 'Covid' 19 in the bud otherwise i suspect Trump will wipe them out 'PERIOD'

[greenelf] 14/4/2020 09:05

The share price has nothing to do with it. The question is If somebody wants to buy this..It is either worth nothing (as currently) or fair value sale. The BOD will not give this away. High risk but potential ultra high reward.

[catchingmice] 14/4/2020 08:54

No disrespect but you really think we could get 3-6 Quid per share on a Buy out ?We are below 7p currently

[silverspoon2009] 13/4/2020 22:51

Interesting debate on LSE, some think £2 a share is possible, worth a read over there.

Clear uptrend is established on the chart over recent days.

[gismo] 10/4/2020 16:09

I can't see this virus making a difference to the price. Glen/Zanaga won't give this away, it's top notch. As for fund raise I doubt this will happen either, I'm sure the company can get many cheap financing deals if needs be

[gismo] 10/4/2020 15:37

Hi Extrader, I see your point, however, why would the Chinese continue to use Coidic to get the infrastructure pricing done. It's not cheap pricing all this up. The Chinese need iron ore and we are the last largest iron ore mine in that area. They want it and they will pay good money for it unless we end up in a bidding war with other companies. I can see no problems

[extrader] 10/4/2020 14:32

Hi Gismo,

My main concern in these disruptive times, with so many other distractions is that, if the value attributed to Zanaga is too high, it'll be worth someone's while to figure out a way to take it from us...

....spin doctor Jo Moore decided that 9/11 was a "good day to bury bad news" : ... a good opportunity to slide an unwelcome story out into the public domain in the certain knowledge that it would be virtually ignored …...

ATB

[gismo] 10/4/2020 12:28

Depends on the news and sentiment, £'s if you hang on long enough. Not selling one share until suspension on BO/JV

[broken_arrow1] 09/4/2020 15:49

Do not miss out on this one, it's recovering, 12p+ is coming

[oli12] 09/4/2020 15:16

The price is up about 15% based on my calculations... however appears flat according to LSE

[sooty snipes] 09/4/2020 14:49

Hmmmmmm. Looks like we've got some new kids on the block. The more the merrier

[grimreaper2019] 09/4/2020 14:32

Clear share price recovery going on, would agree 12p is a sensible target.

[broken_arrow1] 09/4/2020 13:37

Time to get onboard here, rumour long term seller is out, target 12p for a start.

[gismo] 08/4/2020 16:44

Hang on these golden nuggets. Jv/buyout on the cards. Just sit and watch 25B

[sooty snipes] 08/4/2020 16:33

Good bit of digging there GTA5. Hope you don't mind me making it easier to go to the link below.

[25wbh] 08/4/2020 16:26

Fine Gismo thanks