Zanaga Iron Ore Share Discussion Threads

[declan2] 22/11/2013 12:49

Any gaps look like they will be filled, who would have thought it

[bpc10] 21/11/2013 15:39

Any idea what a sale price might be here? £1?

[knocknock] 13/11/2013 19:49

Come on then bumps, I give up .....pray tell ;;-)


Like playing I Spy with a blind man. Lol!

[bumpa33] 13/11/2013 13:49

so who's on Titan's christmas card list then, eh?

[blueball] 13/11/2013 10:22

Bouncing back to 18p today.

[richscotsman] 12/11/2013 21:53

Knockers

I love you man. You believe all the C you read on here... A bod of a c companies wet dream.

Good luck!

[knocknock] 12/11/2013 21:22

And btw, management come and go, what's in the ground is what gets you the dough.

[knocknock] 12/11/2013 21:20

Potless jock, did the management not serve shortbread at the tea party then?




Recall you telling anyone who bothered to listen to you not to buy here when the share price was at 11p and invest in SLE instead when they were at circa 8p. Looks like you called it wrong both times along with others I need not mention.


200k shares traded today hardly indicates an abundance of sellers.


Get yourself back over to the loonies on SLE, I could do with the share price there getting a ramp up.

[knocknock] 11/11/2013 18:54

Indeed, 12-15p will do me for the cardinal sin of averaging down. Made a pigs ear earlier in the year having bought at circa 10p and selling at 17p only to see it rattle higher. Bought back at 30 and 26 ish only to see earlier bloody profits evaporate. Such is life, but a stock I'd rather be holding over the coming months than not regardless of the subtle scaremongering.

MD knows what ZIOC have, so does one or two of the major shareholders I'd imagine. Might just be a tad difficult to argue that ZIOC is uninvestable to those closer than most.

Very low volume and general malaise sector wide probably has more bearing on the recent declines rather than suggestion of anything not known or untoward.

[the stinger] 11/11/2013 18:45

Back to ZIOC Knocknock - I'm waiting for 12-15p to buy back in. Saikat mentioned the newly formed Mick Davis fund X2 supporting ZIOC?, cant see it to be honest as the full project costs are in the early billions and the Davis fund only has a billion or so. It will be the Chinese who take over ZIOC's share at a lot more than today's share price

[knocknock] 11/11/2013 18:40

Each to their own stinger, we all have losses to make back and winnings to spend, personally I am enjoying both games of late.

[the stinger] 11/11/2013 18:32

Knocknock - Saikat has posted on ZIOC, on this BB for a number of months now, he never was invested in ZIOC (as far as I'm aware) and was in COOL which has crashed therefore he's maybe waiting for an entry point here trying to make his losses back up. Have to say his posts are informative though.

[knocknock] 11/11/2013 18:32

Fair enough, all the best and have a pleasant festive season. ;;-)

[saikat] 11/11/2013 18:30

January Knocknock, January - don't force me. A promise is a promise and who knows what dynamics a post brings in a totally deflationary setup. I don't enjoy these deflationary setups for smallcaps. This was always a good board. Last post for a while here.

[knocknock] 11/11/2013 18:26

Saikat, I appreciate a coin no matter what face is showing. Thank you for your comprehensive reply and excuse my limited response, however, I choose to see the world through my own spectacles that are far from rose coloured when it comes to placing my dough.

Please continue posting as your posts are informative no matter your position.

[saikat] 11/11/2013 17:39

The contractual complications have always fascinated me about Zioc, Knocknock. I haven't seen a more interesting analyzable case (intellectually) in my life - typically the analyzable ones will be in small caps because large caps have uncertainties in so many dimensions, that it is hard to analyze (it is not clear which are the important causalities).

What intrigues me is that they nearly pulled it off with an exceptionally elegant contract - yet it had one or two points missing and it was an incomplete contract (bounded rationality) - and rest is bad luck (Glasenberg's aversion to greenfield).

As an investor (which is only part of the interest),I have held this in the past and will hold it again in the future if I feel more confident. Currently, it is not investable - but I won't elaborate.

The agony that small resource companies and their investors face is pretty universal now - it is to do with deflationary dynamics from Central Bank policies - the banks won't lend easily to smallcaps when there are uncertainties about future return streams and large capex.. The artificially low interests means that the banks don't need to take any risk on any risky activities (play is on simple yield curve margins and Basel 3/regulatory balance sheet repairs and on plays where they have Central Bank/Treasury protection) - this means that the entire lubricant to the wheels of risk taking comes off. Risk taking is paramount to smallcaps by definition - this is where many economic/innovative long term bets are taken.

Sorry for sounding serious - it is complex and serious. Market's behaviour will not be influenced by what I say.

PS: Just thinking about yours and my post - I think you are right - I promise that I will have no input here until January. That should be fair.

[knocknock] 11/11/2013 17:16

You're working very hard Saikat on this stock bb considering you no longer hold and have ooh so many doubts.

Keep it up though chap, you are doing some of us a great service. Thankyou.

[saikat] 11/11/2013 15:55

Not nice to see investors and a small firm in difficulty, Stinger. I don't know what is best? May be some news/rumours about China to set another spike/rise, but if they can't use it to raise some finance, how does that help? It will fall back again.

The lower the price at which they raise finance, the greater the danger of mandatory 90% takeover clause to be triggered.

Will Davis's fund help? I doubt whether he would like to work with GS even though he may like the Zanaga resources.

[the stinger] 11/11/2013 12:51

Saikat. Keep ya powder dry and wait for 12-15p.

[saikat] 11/11/2013 10:06

I am beginning to get worried about the difficulties encountering the management - I am sure they are trying very hard. When marketcap crossed 80m, they should have been able to raise 20m or so promptly in a week or so. I reckon they are not finding underwriters. There is a technical dilemma now. If they have to raise finance without underwriting, it could boil down to management buying most of the new issue. Firstly, the management may not want to risk any more new money of their own. Secondly, and very curious case, this may push their holding above the mandatory takeover 90%. Obviously, they cannot do this as this will close them out from future market based fundraisings which they will need.

Wish management well here. Whatever they do, they should not use the ponzi convertible market - that will be a disaster.

[the stinger] 08/11/2013 18:57

Saikat - watching here closely now...also -keep an eye on ELR, rns after close, Invesco have taken a 15% holding now!. ELR trading at 40-50% discount to cash in hand,,,and priced without anything for their assets which are around $300m.

[saikat] 08/11/2013 18:48

Thanks Stinger - need to hear from Buck, Katy (in full fighting regalia), Horndean,
and Fred (who will never come on this board despite being brilliant).

[the stinger] 08/11/2013 18:31

hatter2 - agree with you in principle however at the 12p mark there's good value here and limited downside prior to any fund raising which may be at the levels mentioned earlier.