Zanaga Iron Ore Share Discussion Threads

[greenelf] 24/4/2023 09:06

Any realistic valuation of this will sound rampy. But the facts speak for themselves.

[xcap1] 24/4/2023 09:03

Runner, I didn't want to translate the mcap to sP in case of being accused of ramping lol but yes share price could go anywhere .... I was thinking it was £1.4 at the out 10 years ago or more with the conversion of the glen equity that's still 70p but somewhere around 40p to 50p is entirely possible to reflect the size and value of this asset , more so now as J represents the future of 'green ' steel and added confidence that Glen are here to stay to see the absolute min return on their investment, i said b4 glen do not buy anything to make a loss , they might have written down or impaired the $350m of spend by xstrata in the balance sheet but they will write that back with a 0 added . I repeat Glen do not make loss making investments, it's not in their DNA

[greenelf] 24/4/2023 09:01

Back in the day, I first looked at this share when it dropped from 100p to 60p. This thing had peaked over 200p after IPO. And the shares in issue are only very slightly increased(5%) (other than the recent neutral Glencore inclusion increase). This thing is currently stupidly crazily undervalued, a potential life changer for any investor..

[runnerpete22] 24/4/2023 08:35

Xcap1..that expenditure alone equates to a share price of 47.5p Re the research and info from posters on LSE; it is incredible, and no wonder the share price is at just the start of what we believe will be an incredible journey in the very near future. With a nod to Aberdeenman over there, even if you dont get in at under 20p, you will still most likely make multiple of multiples of that price. FYI, a very miserly bid of just 1 billion US Dollars equates to a share price of £1.30 ish. NAI/DYOR/GLALTH.

[greenelf] 24/4/2023 08:25

We may have a big buyer in background, hence the share price pop?? This will be very volatile.

[greenelf] 24/4/2023 08:19

Exciting times. The News could arrive at any time..

[xcap1] 23/4/2023 22:21

Very detailed and interesting analysis written by knowledgable posters on the LSE thread. Well worth reading and following.

[xcap1] 23/4/2023 10:20

I mean how much would it cost for a project like this cost in todays terms to a completed DFS - $500m ?

[xcap1] 23/4/2023 10:16

I would have thought that the value of the DFS (and then some ) has to be reflected in the ZIOC mcap ?. Xstrata spent $350m plus additional studies , this would equate to about £300m mcap

[xcap1] 23/4/2023 10:05

That was a post from MinorMiner on the LSE threadFirst I want say I hope he didn't mind me copying (I'm not registered on LSE ) and posting here Second , the level of research and analysis on the LSE thread is phenomenal. But what an great piece of research by Minor and very interesting!

[xcap1] 23/4/2023 10:02

Saudi Arabia, Ma'aden, PIF, Glencore, LiberumToday 09:49February 2023 (edited):MEGA MINERS ARE HUNTING FOR DEALS AFTER DECADE ON THE SIDELINESAcross the mining world, the appetite for large, transformational mergers and acquisitions (M&As) has returned, based on multiple conversations with executives at large producers and bankers who advise them.Mining and trading giant GLENCORE plc is focused on "strategic" opportunities that build on existing connections, its CEO said last month, while SAUDI ARABIA's state mining company last two weeks announced a new venture to invest in overseas assets. Most of the major miners are also keen to grow output by expanding existing mines or through exploration and building new ones. Speaking to investors last month, CEO Gary Nagle emphasised that its focus would be on targets where it had existing relationships or shareholdings, or assets that were nearby its existing operations. "These will be ones that are strategic for Glencore, where Glencore has some sort of strategic advantage, whether it be because we are - have existing shareholding, whether we have existing partnerships with the current owners," Nagle said. "These will be very strategic M&A opportunities and not simple highest bid wins." The large, established producers aren't the only ones looking for deals. STATE-BACKED SAUDI ARABIAN MINING CO, OR MAADEN, announced a plan last week for a company that will buy minority stakes in international mining assets. MAADEN BRINGS THE FINANCIAL MUSCLE OF ITS BIGGEST SHAREHOLDER, THE SAUDI SOVEREIGN WEALTH FUND, which is also a partner in the new investment venture and was among the interested buyers of a minority stake in Vale SA's nickel and copper assets. "A lot of these guys don't have much growth and deals are a way to address that," said Liberum analyst Ben Davis. "The size perspective is key though. It's going to be hard to do the mega one."https://themalaysianreserve.com/2023/02/02/mega-miners-are-hunting-for-deals-after-decade-on-the-sidelines/Liberum Capital are ZIOC's NomAd.....

[xcap1] 21/4/2023 11:27

Sorry that was meant to be a thumbs up lol

[greenelf] 21/4/2023 11:22

Don't worry, always watching!

[xcap1] 21/4/2023 11:15

And good see some of you posting lol

[xcap1] 21/4/2023 11:13

After 9p it clear gap to 12p

[xcap1] 21/4/2023 11:12

Great to see this , yes looks like a break out !

[catchingmice] 21/4/2023 10:26

Decent rise let's hope it continues

[greenelf] 21/4/2023 10:17

Pressure cooker.

[davidlloyd] 21/4/2023 10:05

Breakout at last? Lets see.

DL

[thesloth2] 21/4/2023 10:00

Looking good now, get ready for the big move..

[greenelf] 21/4/2023 09:15

The ship is definitely sailing..

[xcap1] 13/4/2023 12:40

Well something is going on, either (hopefully) some positive news or someone building a position ?

[xcap1] 12/4/2023 16:30

Not ramping but next generation of steel will be 'green steel' and BhP might well want to get their hands on a long 30 year mine life , high purity asset as Zioc has. Let's see how this story unfolds. Over the next year there is going to be a lot of consolidation- newmont/newcrest , BHP , GLEN/Teck, I see champion iron as a target

[xcap1] 12/4/2023 16:15

Genuine buys today , can't see any roll overs