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Share Name Share Symbol Market Type Share ISIN Share Description
Zanaga Iron Ore Company Limited LSE:ZIOC London Ordinary Share VGG9888M1023 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.47 8.62% 5.92 5.74 6.00 6.50 6.50 6.50 455,438 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.4 -0.5 - 17

Zanaga Iron Ore Share Discussion Threads

Showing 12301 to 12324 of 12550 messages
Chat Pages: 502  501  500  499  498  497  496  495  494  493  492  491  Older
DateSubjectAuthorDiscuss
22/4/2020
16:29
Hi Sooty, Thanks, I've been in touch with Trahar before, and he's an excellent PR guy to be sure, but I find that I don't have any questions for him anymore, none that he can answer outside of a RNS at least. The questions I used to have were around the cold pelletisation and the ridiculous EPP (anyone remember that?) I went through a lot of posts trying to explain to people on LSE how unlikely it was to be commercially viable just to be shouted down by the ramping crews. Nowadays my only remaining questions are at Govt. level and nothing Trahar can answer nor influence. As for ZIOC AIM finance I'm expecting a placing soon, but keep hoping they'll break the AIM trend of dilution in Zioc, not counting on it though. As for Project (ZIOP) finance Trahar has no info for us. The real conversation is likely at COIDIC-Glencore level, and no guarantees anything is moving. (It hasn't moved since they started looking for finance in 2013...) In my view Zanaga is a long term binary bet no longer muddled by other distracting options. They'll be buying time for as long as it takes to find a buyer or fold. And as long as they have a piece of paper saying they own the rights (49.999% at least) they can keep fighting for someone to buy it. GL, GTA.
gta5
22/4/2020
15:45
Hi GTA5. Have you ever tried calling Andrew Traher. He's usually very obliging when it comes to answering questions.
sooty snipes
21/4/2020
16:49
Clifford is taking one for the team with a 20% paycut over at GEM... Hope it doesn't put him off lending a bit of his pocket-money to ZIOC? any day now.. https://www.miningmx.com/top-story/41440-gem-slashes-executive-management-pay-as-looks-to-restart-letseng-post-lockdown/ GTA.
gta5
18/4/2020
23:08
Glencore's headaches in Zambia... and how the Chinese are taking over in Africa. https://www.bloomberg.com/news/articles/2020-04-17/glencore-mine-boss-seized-at-zambian-airport-spells-trouble?srnd=premium-europe
gta5
17/4/2020
20:18
Thanks sooty, much appreciated. To me it looks like they're back to what they've been doing for years; buying time. I don't think we're about to get that £2/share buyout offer any day soon unless there is a breakthrough on the ground in PN/SEZ (seems unlikely the Chinese would strike now of all times where they have had years to do it when the outlook was better), but as long as our Mgmt sort the working capital without diluting us all to hell and keep Glencore engaged in ZIOP I'm happy. More patience required..... GTA.
gta5
17/4/2020
18:46
Hi everyone. I recently emailed Andrew Trahar about the delay regarding the update. On the 3rd of this month he replied acknowledging the delay due to current circumstances. He added that they were hoping to get an announcement out soon. He reiterated the company was comfortable with current funding and that they were engaging with numerous entities about funding at numerous levels and that they will report progress on this as soon as they can. Good luck all. Sooty.
sooty snipes
17/4/2020
10:14
It is too quiet, imo. Is this on hold until the economic outlook improves? Or is the big offer coming?
greenelf
16/4/2020
17:24
wow, Andrew sure is quiet after all that tweeting at the end of march... you can almost hear the tumbleweeds. I look back at 2016 remembering the ambitious Special Economic Zone or "ZES" and the various feasibility studies, studies about studies, delays, gov meetings and finally expropriations and a flutter of clearing work a couple of months ago... and now all very quiet again. Don't get me wrong, I'm happy to see progress, but it's at glacial speed.... at this pace our grandkids will be learning about it before ore is shipped anywhere! from 2018 HTTP://www.adiac-congo.com/content/zone-economique-de-pointe-noire-le-congo-et-la-chine-examinent-le-plan-conceptuel-78684 Today I saw an Interesting snippet from our glorious and fearless leader in the FT on the deteriorating Diamond mining market: ###### The lack of cash flow threatens a wave of defaults across the diamond supply chain if lockdowns continue into the summer. “Many of the marginal operations hanging in there will be wiped out,” said Clifford Elphick, chief executive of London-listed Gem Diamonds. “When the tide recedes you see who is swimming without a costume, as Warren Buffett said.”  ######
gta5
14/4/2020
14:11
This wasn't from the wet markets imo, it was from their lab. This is germ war fare. I think they have more or less proved this now. The wet markets are a disgrace and the world should start shouting very loud at the Chinese antics
gismo
14/4/2020
13:25
Another 3 weeks of lockdown it is then and all because of the chinese barstewards skinning all wildlife in their wet marketsWhat a horrible bunch they are and i wish them responsible are Jailed for a very longtimeIn future think before you purchase anything from china
catchingmice
14/4/2020
12:29
I think not quite but nearly
gismo
14/4/2020
12:26
Interest seems to be building in ZIOC, has the seller cleared? Was under 3% a long time ago, sometimes insider punters pile in in the knowledge a overhang has cleared. Tried a few times today to buy in but very little stock to be had.
broken_arrow1
14/4/2020
11:43
I don't care about the infrastructure detail. IF the Chinese do want this, they will buy it whole. They can build the whole lot in 3 years. Mine, port, power, pipeline. Will not be Zioc's problem. Not cost effective to develop this small scale, ie all or nothing, imo.The question as always remains IF. Glencore is also IF.
greenelf
14/4/2020
11:21
Thanks GTA5, all we can do is wait and see
gismo
14/4/2020
11:18
Gismo, if I look at it from COIDIC's point of view, since they are already tasked with SEZ and New port feasibility studies, and as part of that it makes sense to engage with all the various members that will/would/could make up part of the SEZ in the future. How they chose to formalise that engagement doesn't really make a difference in my view. Remember that these studies have been ongoing for years already. I take the COIDIC-ZIOP engagement as a positive sign, but unless we actually get $$$ on the table for a stake in the project I think it's just that; a formalised exchange of information between 3 interested parties that might not lead to anything more for now. Really hard to tell. For me the real proof that China is committed is shovels in the ground 8 clicks north of PN (or $ into ZIOP of course!). Once big yellow earthmoving machines arrive to PN we know we're in the race, until then its just words. GL, GTA.
gta5
14/4/2020
11:03
I agree many sticking points but why bring in Coidic? It's not cheap to do these infrastructure estimations
gismo
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.
gta5
14/4/2020
10:44
Struggling to break 7p bit of a sticking point at the moment
catchingmice
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?
gismo
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.
greenelf
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'
catchingmice
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.
greenelf
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