Zanaga Iron Ore Share Discussion Threads

[greenelf] 02/5/2023 07:09

Sorry, I meant 12-15p range. Easy Tiger lol

[greenelf] 02/5/2023 07:06

Looks like this going to run at 12p today, then possibly the 12-25p range? Let's see how much umph this has!

[extrader] 27/4/2023 19:36

I would hazard a guess that about the same %age applies in ZIOC's case , if you count its large number of legacy 'sticky' shareholdings, many just below disclosable levels...
IMO

[greenelf] 27/4/2023 12:48

Kropz has a very low free float. 87% not in Public hands.

[extrader] 27/4/2023 11:17

Krpz shows what a little interest / news can do...
No position.

[xcap1] 26/4/2023 17:22

Banker I'm not sure about Fe but for Au the take out price (all things being equal) is around $30 per oz of resource and $100 for reserves. There's been a lot of talk on LSE about value per ton . My view is that for a buy out the price per ton would be around 50c for the reserve of 2000billion tons and 0 for thd resource. The would equate to $1billion or about £1.35 Sterling (could be more due to the premium grade) so could be up to £1.50p Sterling . These are just my thoughts ofc

[bbanker] 26/4/2023 17:02

There was mention months ago that the ore in the ground was worth £3.00 per share, no wonder there is growing interest in this companies stock. At some stage it will be worth developing this valuable resource. Go Zanaga!!!

[xcap1] 26/4/2023 16:49

Let's get these these levels first because beyond that you have have to go 12 and 14 years it's big blue sky for next levels of resistance

[xcap1] 26/4/2023 16:47

Yes 3 year chart suggests next resistance is 12p then it's the 10 year at 25p

[greenelf] 26/4/2023 14:14

Pressure building for 10p breakout. Next test then 12p.

[greenelf] 26/4/2023 09:32

Seems to be a big buyer atm?? Soaking up the sells? Will it last, how deep are the pockets?

[xcap1] 25/4/2023 09:46

So last meaningful update was the interims 30 Sept. A shareholder/market update on progress would be most timely.

[xcap1] 25/4/2023 08:54

More detailed discussion and analysis of the highest order on the LSE board (I can't seem to register on LSE for some reason) but it's well worth following chaps

[runnerpete22] 24/4/2023 08:45

Personally, I do not think there is any need to ramp this share at the moment, as all the facts and the recent news re the future of high grade ore...which Zanaga have in abundance,and future "green " production methods speak for themselves. For the benefit of "newcomers" to the world of Zanaga and where Saudi Arabia fit into all of this.

Saudi wealth has always come from oil. Their oil is running out, and they are now looking to the next best thing for the next 50-100 years. Global high grade iron ore, and the latest investment into their PIF as Excap has just posted above, courtesy again of MinorMiner @LSE.

For the sceptics who ask just how do Zanaga plan to export the ore and get it to market, then scroll back to post 2132 on 28th March, and the info about UAE involvement in building a new "mole port" at Pointe Noire, to the exact specification Zanaga have previously publicly stated that they would require. And surely, there must be some logical reason just why Saudi Arabia would suddenly want to open an Embassy in Congo Brazzaville. NAI/DYOR etc

[xcap1] 24/4/2023 08:30

https://english.aawsat.com/home/article/4284381/why-saudi-arabia-transfered-4-aramco-shares-pif-subsidiaryFrom Minor on the Lse thread

[xcap1] 24/4/2023 08:21

I'm laughing

[greenelf] 24/4/2023 08:19

Spade loads of indulgence allowed!

[greenelf] 24/4/2023 08:18

Not much selling going on yet, so price will keep rising until peeps feel compelled to take profit.

[greenelf] 24/4/2023 08:16

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..

[xcap1] 24/4/2023 08:15

Lol agree! But after 12 years I think we are allowed a bit of indulgence!

[greenelf] 24/4/2023 08:10

And there is no divide by two to compare past and present. Glencore inclusion means double the shares but also double the resource (ie 100% Zioc ownership). Ie it is neutral for comparisons.

[greenelf] 24/4/2023 08:06

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

[xcap1] 24/4/2023 08:03

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