Zanaga Iron Ore Share Discussion Threads

[gta5] 01/5/2020 20:02

I think Seritza is finally out. Perhaps as simple as that?
Great to see a steady recovery, lets hope it can be sustained. That way any eventual placing or open offer would not be as dilutive as down in the 3p range....

I wonder what/when young Trahar will give that fabled update? I was a little
dissapointed to see him link to Fortescue interviews on Twitter as it's a clear signal that they're not in any kind of negotiations with them. (If they were we'd see an RNS by law rather than any Twitter hints)

That only leaves COIDIC as interested parties as far as I can see..

GTA

[catchingmice] 01/5/2020 17:10

Nice rise lovely surprise but can we hold it and gradually move north ?Steady rises bit by bit will do me

[davidlloyd] 01/5/2020 16:22

Aye.....😀...certainly looks like it IMO.

DL

[greco600] 01/5/2020 16:01

This is going to jump

[catchingmice] 29/4/2020 15:17

Yep need more than 7p for sure let's see if we hold the rise just for once

[greenelf] 29/4/2020 08:54

Early days lol. Is there still a project to be had here? That is the first question that needs answering.Bu we are not over valued currently!

[catchingmice] 29/4/2020 08:52

'Happy Days'

[greenelf] 29/4/2020 08:13

Looking good for moving towards 8p.

[greenelf] 27/4/2020 13:35

In tip of the triangle pennant formation, will it break up or down?? Up hopefully, then next stop 8p.

[gta5] 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.

[sooty snipes] 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.

[gta5] 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..




GTA.

[gta5] 18/4/2020 23:08

Glencore's headaches in Zambia... and how the Chinese are taking over in Africa.

[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.

[sooty snipes] 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.

[greenelf] 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?

[gta5] 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



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.” 
######

[gismo] 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

[catchingmice] 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

[gismo] 14/4/2020 12:29

I think not quite but nearly

[broken_arrow1] 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.

[greenelf] 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.

[gismo] 14/4/2020 11:21

Thanks GTA5, all we can do is wait and see

[gta5] 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.

[gismo] 14/4/2020 11:03

I agree many sticking points but why bring in Coidic? It's not cheap to do these infrastructure estimations