Zanaga Iron Ore Share Discussion Threads

[blueball] 29/12/2015 16:19

Doomed they are doomed..!

[blueball] 10/12/2015 19:16

Sell off this afternoon.

sell out now.

[blueball] 18/11/2015 22:00

I agree there Pug for a punt only.

[pugugly] 17/11/2015 10:17

Even if and a BIG IF the price of IO recovers medium term there are still many developed Aussie producers who can deliver IO to China at a lower cost than would (imo) be possible for ZIOC so unless a Chinese coy looking for theri own supply this appearsdead money for a significant period.

blueball:> Could be an interesting gambel at 1p but probably for "fun" money only.

[blueball] 17/11/2015 08:47

Do not buy this above 1p.

[leecoyote] 12/10/2015 16:56

Pug. the weaker iron ore price plays into ZIOC's hands. They can sit out for 2-3 yrs with current cash reserves and wait for the landscape to clear. At that point high quality reserves, per the age old cycle, will become valuable to those companies looking to rebuild their reserves.

I still however believe that GLEN will be bought out at a price that is equivalent to multiples of the current ascribed value based on ZIOC's present market cap. A true 10-20 bagger im-'umble-o

[gavinbell] 11/10/2015 00:11

BHR, BZM, BAO and LOND have collapsed. will be good if ZIOC can survive

[gavinbell] 11/10/2015 00:10

do we know whether zioc will soon be mothballing the project? share price will be even lower on that news.

[leecoyote] 09/10/2015 17:12

There looks to be a steady accumulator at these lower levels anyway's. Positive sign

[blueball] 09/10/2015 13:37

Just say no.

[graham1ty] 09/10/2015 07:33

Leecoyote it is down here because people are waiting for the announcement that it has been mothballed indefinitely. While they carry on work and feasability studies there is still cost. If GLEN just abandon it for the moment, the cost of maintenance would be seen as a continuing liability. Hence negligible or negative value.

But for anyone with a longer term view, you can buy $100ms of work already down for next to nothing.

[leecoyote] 08/10/2015 22:32

Graham - the other big bonus is that they are continuing to progress the licence in the DRC. My guess is a consortia will take out the GLEN stake sooner rather than later. The Jumelles stake is in the books at around approx 12 per share equivalent and that's a written down value too. Why these are not trading 6-7p is beyond me...

[horneblower] 08/10/2015 10:31

I have a similar perspective on ARS with copper. However, the timeline is 3 years as opposed to 15. A ten-times return will be disappointing.

[graham1ty] 08/10/2015 07:44

A buyer will be someone looking to secure production in 2030. Anyone with a very long time horizon. BP and Shell run profiles of production 20 years out and try and fill gaps now. A difference being that the oil companies have never been as madly geared as the mining companies. If there was a debt free conglomerate prepared to tuck this away for years, then there is real value at ZIOC. How much they have spent to date is irrelevant to the valuation ( apart obviously for reassuring on the resource and saving a buyer having to do it again) and any analysis as above is irrelevant.

I ( thankfully) avoided all commodities over the last five years. Now I hold ZIOC as a straight option on the ore price years out. An in price of 3.2p, so not wearing the losses on the way down. Will leave in my portfolio until 2030.

[emptyend] 29/9/2015 10:19

I bought a few a year ago, neatly timing the commodities rout.....;-/Barring a dramatic reversal of sentiment, I won't get my 10p average money back - but neither would I bother to sell here. At some point, some projects will be reactivated - perhaps triggered by someone picking up Glencore's assets. Where would this one rank in a shopping list for new iron ore capacity?

[bumpa33] 29/9/2015 10:16

true the stock is extremely illiquid and true the project could be sold very cheap though i suspect it's hardly at the top of their list. The unknown though is that if it is sold, who buys it and ultimately what will their intention be? - if the buyer looks to be more proactive on the project than GLEN that will certainly be a positive development. It's very much guesswork and conjecture....

[nash81] 29/9/2015 10:09

my concern is, zanaga projects could be sold cheaply like the nickel project sold yesterday by Glen. if sold at huge discount, it could be sold for say 10m. our stake will only be 5m. that is slightly below our mcap.

not to mention, the stock is illiquid and one person sell can bring share price down by 10%. i still have mine from several years ago (should have sold back then)

[emptyend] 28/9/2015 22:59

Suppose that Glencore was approached to sell a bunch of assets. Where would this one rank in their disposal list? And how likely is it that others may try to pick up the Glencore stake and then buy out ZIOC?

[bumpa33] 28/9/2015 13:10

nash81 - the mkt values the project currently at zero anyway, the distress of Glencore could in the end turn out to ZIOC's benefit but it's an impossible one to call either way right now. what's certain though is making up fanciful possible sale scenario's when you don't know what you're talking about generally helps no one.

[nash81] 28/9/2015 12:56

looks like nickel project was sold by glencore for hugely cheap.

glen will soon sell zioc project for 1million?? that will hurt ZIOC.

[nash81] 22/9/2015 14:22

leecoyote.

will ZIOC able to find buyer? BAO, LOND spent millions and now bankrupt!

glencore unlike to proceed with any greenfield mine such as ours. glencore now down massively today.