Zanaga Iron Ore Share Discussion Threads

[austriaandy] 17/7/2020 06:42

Zanaga Iron Ore Co Target Price 9.60 - 10.10
ZIOC : LSE
Diamond Bottom
2020 Jul 16 DAILY
Intermediate-Term Bullish
Volume 2,436,706
Close Price 7.74
Pattern Duration 24 days
Inbound Trend Duration 28 days

[gta5] 16/7/2020 18:00

on another note:

is it just me that finds it odd that Elphick is not on every interview and public forum drumming up interest and discussing Africa/China opportunities etc etc? If you look at the entire board none of them have their linkedIn profiles pointing to Zanaga Iron Ore as their current job or current position publicly.... In fact there is very little on Zanaga beyond Trahar. I wish Velloza and the others were showing a bit of public support and ....eh.. Panache.

GL, GTA.

[gismo] 16/7/2020 15:37

Lolol we shall see

[greenelf] 16/7/2020 15:30

Poor Georgie got spiked. Probably hundreds of spiked pi's stuck in Zioc. Easy to happen.

[catchingmice] 16/7/2020 15:30

Of course it will like you forecast it would in 2019 and talk of 5 pound per/share buy outAbsolute farcical even on a buy out this won't be more than 50p but i would take it as 25p-30p is actually my target and that is more realistic.This is Aim not the Footsie

[greenelf] 16/7/2020 15:13

Yawn, noSimple technical chart trading.

[george23666] 16/7/2020 15:11

RNS tomorrow. There is def a deal about to come.

[gismo] 16/7/2020 14:52

There is a deal in the offing, it will happen eventually. This is just daily trading. Surely you should know that by now. An RNS will drop one morning and it will be all over. But ... will you have sold by then?

[catchingmice] 16/7/2020 14:42

I was right though look at it dropping now same old ZiocNo news forthcoming as usualLOL

[gismo] 16/7/2020 14:33

Why don't you sell and you just might be happy again?

[catchingmice] 16/7/2020 14:22

Probably just another rise that will immediately get sold into whilst the BOD continue pen pushing at their desks

[gta5] 15/7/2020 13:17

Excellent points as always Extrader. many thanks for that.

I just came across this article in Les Depeches de Brazzaville,

below is a quick and dirty (google) translation from the Congolese press article on the 13th July.
Normally I'd get swept away, sing with rapture and dance like a dervish, but the FCFA funding amounts mentioned in the article are Mickey-mouse and if IMF and china are not able to muster a handful of BN USD between them to sanitise the RoC economy/debt situation, then neither is BDEAC by my reconing.

Extrader, maybe you got a less cynical take than my wary eyes can see regarding the article below?

(Edit; 65BN BEAC Pesetas is about 113Million USD, so not entirely Mickey M, but not exactly Port, railway and dam building master-budget..?)

_______________
BDEAC will help Congo finance its economic program


The Board of Directors of the State Development Bank of Central Africa (BDEAC) validated, on July 10, the strategy document intervention in favor of the Republic of Congo. This target support only projects with high economic impact from the National Plan development (PND) 2018-2022. The document constitutes a framework of reference of the interventions of the BDEAC in Congo during the next three years. Since last year, the two parties have been discussing financing the work of construction of an ore port, rehabilitation of the Congo ocean Railway and erection of the Sounda dam in the
Kouilou department. The objective is to boost the diversification of the Congolese economy, by promoting the dynamics of private sector and job creation.
As a result, the Congo was selected among the beneficiaries of the thirteen project funding proposals approved at the outcome of the BDEAC board of directors held by videoconference on July 10. These projects encompass sectors health, water and sanitation, agribusiness, transport and finance. "Regarding the intervention strategy document in favor of Congo, this is a sheet of road specific to this country. This document has been validated by the bank and the Congolese government
so that the interventions of the bank be visible and predictive, "said BDEAC president Fortunato Mbo Nchama. The members of the board of directors also discussed the financial situation of the bank in a context health crisis due to coronavirus. "The BDEAC is doing good, "said Fortunato Mbo Nchama. The key indicators of
the bank are going up, with a profit of 15.2 billion FCFA in 2019, against 11.5 billion FCFA a year earlier, i.e. an increase of 32%; the product net banking up 4%; the balance sheet total is 459.8 billion FCFA against 428.6 billion FCFA at the close of the previous year, an increase of 7%. The community financial institution which wants to be a benchmark partner for human development and regional integration in Africa central, intends to play its part in the management of the Covid-19. From the start of the pandemic, she responded by disbursing an envelope of 3 billion FCFA to support member countries in health control. "The bank will be forced to review the calendars to execute certain projects and the extension of the deadlines
repayment of credits",hammered the boss of the bank.
The council approved an envelope of 155 billion FCFA, or 90 billion FCFA intended in the fight against the pandemic and its economic effects and 65 billion FCFA for financing development projects. AT note that the decisions adopted during this board of directors will be submitted to the general meeting of the bank scheduled for July 13.

________________________________

Link:

[extrader] 14/7/2020 17:09

Hi GTA5,

.."I wonder if China has got cold feet and waiting for Nguesso to be out of the picture..

Certainly a possibility , to add to the already many 'known unknowns'...;->

But 'waiting on events' isn't really a sufficient strategy, is it ?
Nguesso is in his 70's, he could hang on/be kept on another 10-20 years, think of others like Mugabe Zimbabwe) or Biya Cameroon)

[ Remember Clive James's quip about ...'after Mao's dead...or , at least, more dead than he is now.."?]


(1) The Nguesso/tribal clan might have a sufficiently strong survival instinct to arrange a successful (from their P.o.v) transition.
(2) They'd have tacit support from all the other kleptocracies, who wouldn't want to see an unwelcome precedent set.
(3) There'd be no certainty a new broom would be any better (and lots of vested interests to discourage him from trying) and he'd likely want to make his own fortune, anyway.

Frying pan/fire ?

Unless you feel that a more assertive China might be willing to 'influence' events ? They've not been willing so far to do that openly , save internally or their own back yard.

C-B's potential is enormous, its population is really low, by African standards (39th out of 55, at about 4 million, cf DRC with 90m, S Africa / Tanzania with 60m see and pretty much 'off the world's radar'.

A good place to run an experiment, I'd have thought, with lots of positive read-across for an entire Continent , if you handle it 'well'...

You could even call it a 'Co-prosperity sphere', or some such. That one was resource-driven too, IIRC.

ATB

[gta5] 14/7/2020 15:28

Hmm... so while we're all pulling our hair out about the neverending can-kicking at Zanaga, and people are getting fed up with Trahar's more and more desperate tweets linking to positive but largely irrelevant news stories...

Here's a thought:

If we ignore Zanaga for a moment, and look at Congo; we know that RoC is an economic basketcase, incredibly indebted, living off future expected O&G earnings to fund luxuries for the ruling elite while the population is subsisting in poverty.
Nguesso has had absolute power for a lifetime, and is desperate to cling on and has cemented his power personally and with his sons siphoning off incomes in SNPC and other state entities. So far pretty standard for a Developing african country...

Think then of the dodgy deals entered between "RoC" with Glencore, Trafigura and others. They're painful and proof of the level of bankrupcy. Then there are the various government agencies siezing the Nguesso clan's various assets across the world (Paris apartments, Miami penthouses, private jet recently etc etc). All this ontop of the states eyewatering debt to the IMF and Chinese already impossible to service, and then wham!; Covid19 as a nail in the coffin.....

I wonder if China has got cold feet and waiting for Nguesso to be out of the picture before sinking 10-20bilion USD into the ZES, rail and roads in what is likely a failing regime....? Maybe they just dont have the risk appetite and are ready to put this project(s) on ice say, 5-10 years and focus elsewhere on more stable and equally desperate jurisdictions... (Yes yes; despite the urgent need to secure Iron ore sources for the long term)

Regardless of Zioc, the fact is that the ZES and new port are not moving forward since almost a decade on the drawingboard, and the press event with a digger 6 months ago has not been followed by any building work on the ground as so many other false starts over the years before. (by end of Jan they had cleared 0.3Km2 of 27.9Km2, but not a scoop of dirt since. No new machinery on the ground since.)

I don't think this is a Zioc story, it's a whole country that's paralysed, bound and gagged in varying order depending on the view...
hm...

[extrader] 13/7/2020 16:13

Thanks guys,

Green referred to ZIOC's location - "the DRC" - and when asked to confirm, doubled down. He also referred to the 49:51 JV with GLEN; and 'bigged up' GLEN's other iron ore JV, through Cadence (KDNC) with Macarthur Minerals.

I see that most of Macarthur Minerals 'value' (total assets $ 71M) apparently comes from reversing $ 55M of written down = sunk exploration costs following a new feasibility study. And that David Lenigas was on the Board.

If this is a 'pump', it seems pretty leaky to me.

ATB

[greenelf] 13/7/2020 14:18

Out at the moment (in Solgold) but always watching :)GL

[sooty snipes] 13/7/2020 14:17

Greenelf I thought I'd make it easier to click on the links. By the way are you still in or out at the moment. One needs the patience of Job to hold this rusting old mine deposit. Good luck to all long suffering holders.....Sooty

[greenelf] 13/7/2020 14:17

Zioc at 35:35 on podcast

[greenelf] 13/7/2020 14:08

Zioc was mentioned in a podcasthttps://www.voxmarkets.co.uk/articles/gfinity-and-alan-green-on-5-stocks-for-your-watchlist-716a6f6/

[greenelf] 13/7/2020 14:07

You can look yourself extrader, do not need Twitter account.https://mobile.twitter.com/search?q=%23ZIOC&src=hashtag_click&f=live

[extrader] 13/7/2020 14:03

Hi guys,

Not on/don't follow twitter. Who's saying what, pls ?

ATB

[greenelf] 13/7/2020 13:43

Looks like a broker led operation to get rid of the 'sale' financing shares..create a little Twitter hype and hey ho presto.

[iamgreat1] 13/7/2020 13:15

They load up first before the tweets then start dumping and gone