Zanaga Iron Ore Share Discussion Threads

[iamgreat1] 13/7/2020 13:15

Another pump and dump operation from top snd thr gang

[gismo] 13/7/2020 13:01

These planks keep coming out of the woodwork today...filtered

[the white rabbit] 13/7/2020 12:43

May I ask why would covid affect this company when it's a 2-3 men team, operating a scam.

[gismo] 13/7/2020 12:20

Blocked is the best place for him. Afternoon Extrader

[extrader] 12/7/2020 16:43

Hi TheHumbleMan,

Care to say more ?

ATB

[thehumbleman] 12/7/2020 11:34

Zheng Styx Zhen zEeaa was awesome d we

[thehumbleman] 12/7/2020 11:22

Swnter trying ugh r. Te Enfr m a momeeteee try tee g freed r degree u hi

[extrader] 12/7/2020 11:17

Hi Bumpa33,

Thanks for getting back.

I'm sure that - with so many parties involved, both here and overseas - keeping an eye on trading patterns/volumes will give people a useful head start on any breaking news.

When does 'an educated guess' become 'an informed guess' ;-> ?

ATB

[bumpa33] 12/7/2020 10:37

Ex - apologies, my focus has been elsewhere. Not much to say really, just the hb had a slightly different slant on the matter but nothing of real significance. I’m going to keep an eye on the prints and a closer watch on the mm’s. I’m tempted here but probably the safer way to play it is jump in when/if their luck changes.

[extrader] 06/7/2020 12:21

Hi Bumpa33,

.. The hb [= house broker] gave me a slightly different opinion on matters than Shard...

Care to say more ?

ATB

[extrader] 05/7/2020 16:58

Hi Bumpa33,

What's 'hb' , pls ?

Answer to self : house broker....

ATB

[bumpa33] 04/7/2020 19:49

Ex - as said, it’s a situation that’s interested me for years - it’s a quality play with imo decent management but has missed/failed to find its ‘right time, right place’ moment. The hb gave me a slightly different opinion on matters than Shard...

[extrader] 04/7/2020 13:27

Hi Bumpa33,

Well, thanks to you for having the gumption to call Shard !

Your perception that they might not be in any particular hurry to round up subscribers is interesting, I'd love to have been a fly on the wall when they were discussing terms of reference with ZIOC....as you've observed, this isn't a 'plain vanilla' transaction and it makes one wonder why it was set up the way it was.

I'd appreciate - here or there - your feedback on the chat in t'other place.

ATB

[bumpa33] 04/7/2020 10:24

Thanks extrader - will take a look on LSE. Have kept tabs on ZIOC for nearly a decade - not the luckiest of companies since a supportive Xstrata got taken out by an ‘anything but’ Glencore.

I have to say, I got the impression Shard were in no hurry to move/place the stock.

[extrader] 04/7/2020 10:09

Hi Bumpa 33,

A placing to raise $ 2-3M would (a) involve a discount (b)significant costs (c) disclosure requirements aka work, need I go on....?

I agree the Shard structure is unusual, there's some discussion on lse as to what ZIOC's rationale might be.

The 'going concern issue' is off the table for the time being. The biggest concern for me is why the Shard structure only emerged a few days before the filing deadline, every man and his dog has been flagging the looming funds issue for months...

There's some talk around that , too.

ATB

[bumpa33] 04/7/2020 09:42

PUG - unfortunately you’d have to think that’s the more likely direction, unless ZIOC have something up their sleeve.

Why they didn’t go for a placing I don’t know, it wasn’t huge amounts and the whole world and it’s wife is managing to get fundings away - Primary Bid have never been this busy...

[pugugly] 04/7/2020 09:24

Bumpa33:- Once Shard realise that the current bid is too high and no takers (likely imo) the bid will continue to drop - A death spiral by another name.

[bumpa33] 04/7/2020 09:15

A little odd, finally got info back from Shard and the HB. No pricing structure which I think is the first time I’ve ever come across something like this. You can make a bid to Shard if you want stock, I tried bidding 3p and they told me to take a hike. Mkt price, around the bid if you want some. Told Shard in no hurry to offload but then how do ZIOC get their money then...?!

[the_debt_collector] 02/7/2020 21:59

Looks like this is heading to 4p.

[extrader] 01/7/2020 21:22

Hi both

What about Keith Everitt and Julian Higgins ? 6% and 4% approx.

There are mandate rules ( NMS, liquidity etc) constraining the mainstream.....

and they may also not like the key shareholder cabal effective control.

Perhaps Shard will throw up a few family offices or HNWIs ?

Shares even more of a bargain now, after The results snafu...;-(

ATB

[sooty snipes] 01/7/2020 19:03

I agree. A multi billion pound asset yet we only have a £25 million market cap? I agree you would think all those city boys would be chomping at the bit for a piece of the action. Weird. I've raised your point over on the LSE thread. Hope you don't mind. If so I'll desist............Sooty.

[gta5] 01/7/2020 13:16

sooty, you have no idea how much I wish I was plain wrong this time.

Anyway, Nothing new is not necessarily that bad in my view, just that the notion that they are behind closed doors finalising the last bit of a multibillion dollar deal is not the case.
And, subsequently since that's clearly not the case one would also do well in asking what they're actually doing that's measurable.

The fact that things are not progressing with SEZ and Infrastructure/financing and put on hold is ok....'ish. I don't see a major issue in that apart from the time opportunity cost and risk of events happening (Nguesso toppled, permits revoked, etc)but apart from that it's as Glen puts it as "option value" and that in itself is not that bad in my view.

The one part that concerns me is that there is virtually zero institutional or commercial interest and the ones that had large holdings have divested.
At 6p/share anyone could pick up a significant % of the company yet none has. Why is that? the NPV is without a doubt in the high $BN's yet 50% of the project owner is at $25M.... there is something in that delta that does not compute. What's missing? why are all the big boys not fighting like sharks to get a piece of this? (and yes, Glen controlling it is a small part of the answer, where perhaps there would be a discount to the non-controlling part of the equity in ZIOP but does not explain the huge discrepancy....
Thoughts?

GTA.

[sooty snipes] 01/7/2020 10:06

I have to take my hat off to GTA5. Here is what he predicted on the 28th three days ago. Spot on.
===================================================

1. The cankicker: COIDIC talks ongoing but no breakthroughts more when COVID subsides. (read: Chinese holding the keys to the kingdom and not playing ball. Also have Nguessos balls in a vice and not in the mood to pay billions to someone holding an old piece of paper with Mining rights somewhere far away in the jungle.

2. New opportunities and More Jam around the corner! joining up with Sapro and Sundance and "New unexpected company inc." Consortium To investigate and study joint routes to market via Gabon or north RoC: (read: Distraction! "EPP+" Floating port, cold pellets....)

3. Funding sorted marvellously, no concerns about continuing operations for the next 8months. Jumelles funding ongoing and Glencore supportive. More share incentives and cash burn restrictions.

4. Note from Chairman about the improving markets and strategic importance of Iron ore security and recovering price that high grades are achieving.

I hope I'm wrong, but it's getting a bit tedious to see no real progress behind the scenes. In hindsight I wish I had invested my money elsewhere for the last 8 years, it would have been a different story. Now and soon at 3-4p (that I think it will hit again) it will be a 100-1 chance of being a smashing hit. (Not the 10-1 I was hoping for). Back to the bottom drawer for me.

GL, GTA.

[gismo] 01/7/2020 09:48

If you have ever run a business you would know that things do not go to plan. We were 5 years getting planning on a large piece of ground, I got it in the end but it took time. We are talking billions here not thousands. It will happen as why do the loan? AT can't tell us what's going on, how can he if he is in negotiations? Would you shout your mouth off and lose the buyer or jv partner, not if you had any sense. Sell up if it's doing your head in, it's not mine. Iron ore is needed by the Chinese, Simandou was bought out, that's all I need to know