Zanaga Iron Ore Share Discussion Threads

[bpc10] 23/9/2013 09:12

It's quiet on here, the share price decline is quite alarming at the mo if you ask me

[davier] 20/9/2013 16:27

There's a small gap at 21.8 to fill. That's my guess for a bounce.

[blueball] 20/9/2013 16:25

RSI now at a reasonable level and MACG gone negative the share price should bounce from here.

[saikat] 20/9/2013 14:09

I hope they get an institutional funder - that can mean a premium. Unlikely there to be a premium in rights. But quicker they can do something, better it is for holders.

[hatter2] 20/9/2013 11:30

Looking at the technical side of things and accepting this view is based on a limited period since the stock started to move upwards, my view is that support level is around 23.5p. There was an implied support at around 24p pre the 13/9 announcements. I say implied as quite honestly there is little data to work with.

For me, I would expect some resistance at 23.5p followed by a bounce but it just depends if folk are wanting to take some profits short term which is totally understandable.
Just my view but talk of 15p does seem a little silly to me but I don't want to knock those with more expertise than myself.

[knocknock] 20/9/2013 11:23

So to clarify, is it going to 17p or 15p?


Even shares mag don't downgrade within the space of 3 minutes lol!

[cal18] 20/9/2013 11:10

o/t Big day for SOLG coming up. Directors buying. Drill results soon. Dont be surprised to see this motor to 15p again. Crazy share

[cal18] 20/9/2013 11:07

Volume selling by the looks of it. Should bounce off 17p levels imo

[bpc10] 20/9/2013 11:06

Looks like 15p could be on the cards short term IMO

[saikat] 20/9/2013 10:14

One cash raise of at least $20-25 million is essential, and they should not delay; who knows how the markets will be next year?

I don't know how price will move in the next month or so - if its is higher, they could make a stake sale to an II or a private consortium. If lower, rights issue.

[knocknock] 20/9/2013 09:50

I'm on a 5 min + 2 year ATM. Lol!

[blueball] 20/9/2013 09:50

I had expected a run up to 35p this week I admit I got it wrong.

[bumpa33] 20/9/2013 09:48

KK - you well know that most 'investors' work on a 5 min timescale ;)

[knocknock] 20/9/2013 09:47

Can we assume things are looking a little better now then, or will be suffering a running commentary on the demise of the company coupled with singing the praises of shares rag?

[rathlindri] 20/9/2013 09:34

no, not good at all...

[blueball] 20/9/2013 09:32

Down 5% this am not good.

[dvb99] 20/9/2013 08:55

The shares article states that short-term the price is unlikely to move up further, so sell and buy back later at a lower price.

[hatter2] 19/9/2013 22:15

I am afraid that Shares Mag is extremely amateurish with an audience having little investment knowledge.
A sale or a buy recommendation in Shares Mag is about as reliable as your average Sunday paper share tip.

[bumpa33] 19/9/2013 20:17

I don't recall Shares Mag giving this too much, indeed any coverage previously - so why now...

[blueball] 19/9/2013 20:09

Frankly I would be more concerned if the Investors Chronicle says Buy on Friday ..Shares mag have got it wrong imo.

[bumpa33] 19/9/2013 20:06

Actually that really made me laugh, not sure there's too many people who'll refer to the single largest proven iron ore deposit in Africa as pie in the sky.

[bumpa33] 19/9/2013 20:03

Miti - 'pie in the sky stock'...??? You have much experience in shorting by any chance? If you think this is the best short on the market then your risk/reward model is seriously flawed - you may have a few pence out of it here but you carry on with that model and you won't be in this game very long, all in my honest opinion of course.

[blueball] 19/9/2013 15:18

Apart fom a 200k buy not much happening here.