Zanaga Iron Ore Share Discussion Threads

[chesty1] 31/1/2017 12:00

https://www.bloomberg.com/gadfly/articles/2017-01-31/the-party-s-just-getting-started-for-iron-ore-exporters

[chesty1] 31/1/2017 11:46

Topaz did you dip into wafm ??

[topazfrenzy] 31/1/2017 11:15

Thanks Chesty, still holding a few here however, so just waiting to see what happens ...

[chesty1] 31/1/2017 11:12

All the best Topaz.

[topazfrenzy] 31/1/2017 08:48

Decided to trim my position here and cash in profits as chart looking ropy for now, could head down fast, and markets on the verge of something pretty nasty quite possibly, best to sit it out in cash for the time being.

[topazfrenzy] 30/1/2017 16:51

Environmental licence this quarter and it should double minimum

[chesty1] 30/1/2017 16:14

Hhhmmm my zioc holdings is not looking too good although on very low volume, good job my p/f has wafm in it as a few of my shares are seriously in the red.

[chesty1] 26/1/2017 08:11

Not yet cgod but it's good to see it's not falling back hardly after a good run.Zioc and wafm 2017 is the year!

[cgod] 26/1/2017 07:57

No move for us CHESTY1!!

[chesty1] 25/1/2017 13:31

Zioc fans wafm is flying... same sector and I hold both!!!Don't you just love bombed out iron ore co's

[chesty1] 25/1/2017 11:13

Wafm waking up.

[topazfrenzy] 24/1/2017 09:29

Iron ore has surged over 6% overnight.

All the big miners are going nuts again, Rio £36 a share, BLT £15, GLEN £3.30, what a huge turnaround, it's looking like inflation is for real and that commodities is the place to be.

I expect a deal here soonish at upwards of 50p per share.

[chesty1] 24/1/2017 09:26

Iron ore co's still have a long way to run imho Zioc wafm happy 2017!!!!

[chesty1] 20/1/2017 12:59

This and wafm will bob along for another week then bbbooomm

[chesty1] 17/1/2017 08:51

Are they fishing for stock.

[chesty1] 17/1/2017 07:20

Iron Ore still not letting up & I don't think it will which is why I am long on Iron Ore stocks!

hxxp://www.abc.net.au/news/2017-01-17/rio-tinto-steps-up-production-as-iron-ore-prices-surge/8187428

[chesty1] 16/1/2017 14:46

Level for the day getting ready to fly, topaz I have sent you a message I hope u don't mind.

[topazfrenzy] 16/1/2017 13:00

Level 2 looking very strong, we should see 15p this week hopefully.

[chesty1] 16/1/2017 08:52

Buyers having a nibble again here,This and wafm are going to have a great year, iron ore prices have not finished rising, just the beginning.

[extrader] 16/1/2017 07:09

Hi temmujin,

Also from the article, if you read down :

...Unlike steel supply which is likely to tighten as China addresses its capacity glut, there are plentiful stocks of imported iron ore at the country's ports.

Iron ore inventory at the ports stood at 118.15 million tonnes on Friday, the most since 2004, according to data tracked by SteelHome. China's imports of the raw material topped 1 billion tonnes last year for the first time ever.

"It's a crazy market. There's no reason to explain this move," said a Singapore-based trader on Monday's spike in the futures market, citing "poor" iron ore fundamentals that should be capping gains

Hmmmmm...much as I'd like to see iron ore (and ZIOC ) rise, this smacks of a speculative/ money-laundering move to me...;-<<br />
Happy to be proved wrong !

ATB

[temmujin] 16/1/2017 07:01

Sun Jan 15, 2017 | 11:03pm EST
Dalian iron ore rallies 8 percent to three-year high in speculative frenzy
By Manolo Serapio Jr | MANILA
Iron ore futures in China soared as much as 8 percent to a three-year peak on Monday, lifted by strong gains in steel prices that continued to benefit from Beijing's campaign to slash excess capacity.

The sharp price increases in steel and iron ore, as well as other raw materials coking coal and coke, suggest speculative investors took advantage of upbeat sentiment for the sector to raise bets in these commodities as they did last year.

The most-active iron ore on the Dalian Commodity Exchange hit the exchange-set ceiling of 657.50 yuan ($95) a tonne, its strongest since January 2014, and was up 6.7 percent at 650 yuan by midday.

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Construction steel product rebar on the Shanghai Futures Exchange was last up 5 percent at 3,368 yuan per tonne after earlier touching a one-month peak of 3,418 yuan.

Both steel and iron ore posted their best week since November last week after China said it would shut down production of low-grade steel products by end-June, its boldest effort yet to tackle overcapacity and pollution.

"There has been an improvement in sentiment since last week and I think there are more speculative" forces at play, said Wang Di, analyst at CRU consultancy in Beijing.

Iron ore and steel futures are among the most heavily traded commodities in Chinese markets and saw wild swings last year that forced China's exchanges to impose higher transaction fees and other measures to stem speculative activity.

Unlike steel supply which is likely to tighten as China addresses its capacity glut, there are plentiful stocks of imported iron ore at the country's ports.

Iron ore inventory at the ports stood at 118.15 million tonnes on Friday, the most since 2004, according to data tracked by SteelHome. China's imports of the raw material topped 1 billion tonnes last year for the first time ever.

"It's a crazy market. There's no reason to explain this move," said a Singapore-based trader on Monday's spike in the futures market, citing "poor" iron ore fundamentals that should be capping gains.

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Iron ore for delivery to China's Qingdao port slipped 0.6 percent to $80.54 a tonne on Friday, a day after touching a near one-month high, according to Metal Bulletin.

Coal futures also rose on Monday, with coking coal up 3.9 percent and coke advancing 6 percent.

($1 = 6.8935 Chinese yuan)

(Reporting by Manolo Serapio Jr.; Editing by Tom Hogue)

[emptyend] 13/1/2017 17:32

Extraordinary end to the day. It seems someone couldn't wait to put £6k in.....?More volatility ahead.

[wisteria2] 13/1/2017 17:01

Ticked up after close Chesty!! not much free float I guess, and seems to move with very little volume. GLA HOLDERS

[topazfrenzy] 13/1/2017 16:49

A buy trade well over at 11.50p just went through.

[chesty1] 13/1/2017 16:19

Zioc could tick up again before close