Zanaga Iron Ore Share Discussion Threads

[catchingmice] 12/10/2020 11:08

Not sure about that we've seen this many times with ZIOC Normally a 25%-35% hike then a sell offHowever i really hope i am wrong this time

[davidlloyd] 12/10/2020 11:03

They seem to be on their way!!(well something's up )
DL

[catchingmice] 12/10/2020 11:02

It would be a help if the herd popped over here and pumped this around the 10p-15p level for 24hrs or soLOL

[greenelf] 06/10/2020 12:58

All long as you are making money somewhere! Good luck.

[catchingmice] 06/10/2020 12:41

That's the decision sometimes you need to make do i stick in here and wait or sell out and try and recover losses elsewhere ?I haven't sold a share in here but i should have on the last significant rise which i think was around the 12p-13p rangeI shall give it until spring 2021 and see but currently I'm making a few quid in Gold stocks which i think are truly in fashion right nowLOL

[greenelf] 06/10/2020 12:10

Just glad to be enjoying the fruits of the Solgold rise (SOLG), plus so much more to come on that front. Top pick for a take over mid October onwards..I just keep an eye on Zioc, not worth being in currently.

[greenelf] 06/10/2020 12:07

No, perfectly understandable.No resultee, no investee.

[nick rubens] 05/10/2020 13:18

cheers Johnwalton If the placing stock is being sold into the market, it's likely going to take ages to raise the funds.

[johnwalton] 05/10/2020 12:28

Its the company selling share to keep afloat.
Not many will buy until firm news.

[greenelf] 05/10/2020 11:28

Looks like somebody has enough of this piddling about and is selling off.

[johnwalton] 30/9/2020 15:35

If you buy stock in the open market
It will most probably be these shares.
There is no institutions interested in buying otherwise they would not have extended.

[nick rubens] 30/9/2020 14:44

Anyone know who and how are Shard placing the stock and at what price? Are they selling any into the market?
Cheers NR.

[catchingmice] 30/9/2020 12:38

Just sell the lot for 15p per/share and we will all be happy

[greenelf] 30/9/2020 07:57

Can barely keep the lights on. Shambles.

[pugugly] 30/9/2020 07:53

As expected - Lack of buyers about
"Zanaga Iron Ore Company ("ZIOC" or the "Company") (AIM:ZIOC) announces that, further to the announcement dated 26 June 2020 in relation to the Subscription Agreement with Shard Capital, the permitted sale period for the first tranche of the Company's shares issued pursuant to the Subscription Agreement has been extended by three months, as provided for in the Subscription Agreement. As announced in the Company's half-year results on 29 September 2020, of the 7 million shares issued to Shard Capital under the first tranche of the Subscription Agreement approximately 5 million of the shares have been successfully placed by Shard Capital as at 28 September 2020.

[bakero] 29/9/2020 10:00

Or you could look at it as 5m shares have been sold for around £315k, or 6.3p; about current market price and the price used in the example in the 26/6 RNS. Would be much worse if they were being offloaded at e.g.4pYes there isn't much concrete in it, but in my view I don't think we could realistically have hoped for a much better RNS today.(Today though I am mostly mulling over rejecting NCYT at ~65p in favour of HUR at ~30p, so in that context ZIOC isn't my worst decision pretty much whatever happens from here.)

[gta5] 29/9/2020 09:49

Hm, I actually have no issues with this RNS. It's more honest than in the past, and just saying that:
"hey, No breakthroughs yet. We're in a holding pattern and working to get investment and progress the project." rather than fancy wizardry with distractions like the EPP or cold fusion....

To be fair they've been like this since 2014. But, thankfully despite COVID19 the big picture has changed and keeps changing in our favour with the need for higher grades, the China-Australia spat, need to secure resource supply independence, etc etc.

More interested in what they're not touching on; COIDIC status, (implied current status the SEZ and port) Glencore's position and SEZ clearing work. etc.

GL, GTA.

[greenelf] 29/9/2020 09:00

Ni, glaciers actually move.

[qazwsxedc69] 29/9/2020 08:48

Yeah - think I had these in the bottom drawer for at least 3 years and that was a few years ago. I keep an eye here, but seriously, glacial doesn't even begin to cover it.

[greenelf] 29/9/2020 08:44

The "bottom drawer" is a bad concept. If something does work not out, especially after years of waiting, cut your losses and find a good prospect going somewhere. Otherwise, dead money is dead money.

[greenelf] 29/9/2020 08:33

Extrader...I am sure your logical brain will now be re-evaluating this and saying this is a bad bet at this stage. Zanaga has had enough rope?

[pugugly] 29/9/2020 07:44

qu...az - Could not agree more - Main point to note (imo) Shard appear to be having difficulty in unloading stock and might have to drop their price (imo) but DYOR

[qazwsxedc69] 29/9/2020 07:15

This reads as an exercise in saying nothing at all.