Zanaga Iron Ore Share Discussion Threads

[topazfrenzy] 12/3/2016 12:08

I was not deramping Loverat, I said the reasons I was out, and that was after what some interpreted as a positive RNS, which I certainly did not after reading through the lines. People did not like that and started attacking my motives, so that obviously kept the conversation going over Metminco. I have stated before, it does not bother me one bit if people make money off it, but just to be wary as the BOD have promised so much and achieved zilch, the company is being diluted into oblivion.

Which is NOT the case with ZIOC, with so few shares and a JV already in place, but with market conditions for the development of such a mine not rife yet. So this is a recovery play for me, while Metminco is just hot air. I would watch some of those ramping MNC with their 'hundreds of millions' of shares, incredible that some believe them!

GL to you wherever you invest Loverat.

[loverat] 12/3/2016 09:49

Most AIM companies are a sham or will eventually let shareholders down. That's why I don't generally invest. MNC may well be among them. But don't forgot there have been bigger casualties in the main market.

However like the overall market and commodity cycle, AIM companies have a cycle which can be traded. Not good form to go around deramping stocks you have just sold. Smacks of desperation and trying to vindicate your decision to sell.

[topazfrenzy] 11/3/2016 23:10

Loverat, I woke up to how MNC is a bucket shop after the RNS about the gold mine and decided to sell my stake there, I have no patience for such companies any more.

Buying into a company that will recover with the commodities cycle is very different to a company where the BOD are only interested in taking people for a ride to pay for their salaries, and that is exactly what Metminco is, a total sham in my view.

[loverat] 11/3/2016 18:32

It will be interesting to ses how long topazfrenzy sticks with this one.

I like this company but the share price could just be a spike too. A long termer certainly but how many folk are going to park their money here if the long awaited recovery takes more time?

Be aware of topazfrenzy - his MO on MNC which he was ramping last week very suspect.

[richie666] 11/3/2016 18:21

Topaz - you talk a lot of sense.

Have a good weekend pal.

[topazfrenzy] 11/3/2016 12:00

There are under 74 Million shares in Zanaga not held in trust and therefore, since you like calculations so much pauladrew, you can surely work out why this moves so fast. A few hundred buys here and we're looking at 50% increase.

Your money, your choice!

[topazfrenzy] 11/3/2016 11:57

Please Paula, look at the charts, Randgold went to over 6700 and was under 4000 not very long ago.

I am not pumping and dumping, I have offered research here, you do your own and do what you like, I have a position here which I am more than happy with!

GL

[pauladrew] 11/3/2016 11:49

topazfrenzy are you trying to convince me or yourself? I don't think Rangold has doubled in the last couple of months - from about 4000 to just over 6000 is roughly 50% ... it's simple arithmetic. No one is forcing me to do anything, as I am at liberty to buy and sell what I want. Having said that, I prefer to do my own research and am vigilant of the P&D brigade.

[pauladrew] 11/3/2016 07:37

Richie66 and topazfrenzy talk amongst yourselves, I hope you are not trying to P&D this share. Remember the comments made by Flinnyourin post 2079 'There was a commodities analyst on CNBC yesterday and he said that Iron Ore was just a spike and will fall back to where it was and stay there for the next 3 years'. I think the pair of you need to remove those rise-tinted glasses.

[topazfrenzy] 10/3/2016 19:36

Grab these with open arms, you heard it here first, if any share is going to move up spectacularly it is this one: hxxp://moneyweek.com/commodities-why-commodity-prices-are-rising/
(From the article: 'However, as always happens, low prices are proving to be the cure for low prices. Miners are getting back on top of the supply situation as the higher-cost producers shut down or cut back. “This is a recipe for explosive recoveries in the prices of exceptionally depressed metals.”')

This is gonna be £1 in a few years - just wait till then if you have the time. Grab a million and sit on them.

:)

[topazfrenzy] 10/3/2016 15:14

Analysts so far have got everything wrong, just about everything, and no one knows what China has planned.

Buy a great asset cheaply and you can't go very wrong. Future high quality iron ore reserves are not what people think they are and this kind of project needs to be put into production well in advance so people investing here will be looking at a working mine post 2020.

For all we know Rio Tinto could already be planning acquisitions for later on in the cycle.

[flinnyourin] 10/3/2016 13:58

There was a commodities analyst on CNBC yesterday and he said that Iron Ore was just a spike and will fall back to where it was and stay there for the next 3 years, glad I am out now and invested in a company that's more than just a one trick pony.

[richie666] 10/3/2016 12:09

Topaz - "Topazfrenzy 10 Mar'16 - 11:29 - 2077 of 2077 0 0

The clever money has parked money already from the lows in such commodities, expect projects like Zanaga to become hugely in demand, and the share price to explode in a flash"

Spot on

[topazfrenzy] 10/3/2016 11:29

The clever money has parked money already from the lows in such commodities, expect projects like Zanaga to become hugely in demand, and the share price to explode in a flash. When Glencore gets its footing again, this could well be the project they want to bring to fruition themselves, buying Zanaga's remaining stake.

[topazfrenzy] 10/3/2016 11:05

Anyone buying under 5p is getting a total bargain, this should be in double figures, hugely undervalued.

[tomboyb] 09/3/2016 17:42

I wonder if Zanaga will look to sell the project -

By far it looks world class -

That being said, Zanaga’s iron ore prospect is one of the largest in the world, with 2.5bn tons of high-quality probable iron ore reserves. The project’s production costs are also expected to be some of the lowest in the industry, at $32 per ton

One of the largest reserves in the world with some of the lowest production costs -

[tomboyb] 09/3/2016 16:18

50-75k left here -

No many available at these levels

[topazfrenzy] 09/3/2016 13:50

Glencore will not let it just go in any case, so expect a decent price there, then a massive re-rate here. 50 to 70p is not an opportunity to be missed for sure, therefore I am in and staying in, till 20p minimum. Enough cash on the books for years to come too and little costs now to keep it running, Glencore will give them some I'm sure if needed, they manage the mine after all.

Someone mentioned that there is interest in the Glencore stake, can't remember who.

[richie666] 09/3/2016 13:41

Topaz - I believe the stock is either 0p-0.15p and a cash shell in 2 years time or 50,60,70p if they get a buyer for the Glencore stake.

Outside chance of taken private too at 5-10p imo.

[topazfrenzy] 09/3/2016 13:35

as you know also, it's still very much under the radar, when it goes back to 8-10p then more money will come in here. I'm looking for 20p before I sell any, maybe way more on news and higher iron ore prices, happy to wait. A no brainer at the end of the day, for me the fact that only 73 Million are available to the market is what makes this very exciting, with the rest of the shares locked into trusts.

[topazfrenzy] 09/3/2016 13:31

richie666, I have a few now and happy to accumulate as more funds become available, and not letting go of any for peanuts, this mine is something else altogether, I believe the fundamentals are way too good here to not be in this one. The management also appears as top dollar. Exciting times ahead.

[nash81] 09/3/2016 13:26

about to move back up/

we are meant to be trading in double digit. was no reason for our share price to drift down to begin with.