Zanaga Iron Ore Share Discussion Threads

[greenelf] 03/4/2017 08:53

I reckon the company will be sold now,hence this shuffling move.

[nash81] 03/4/2017 08:47

one 1 small sell. if we get 1 small buy, it will shot right back up

[mister md] 03/4/2017 08:45

not sure what to make of it but with shareprice down another 11% I assume its not the best news?

[yasrub] 03/4/2017 08:44

Yep a good possibility. Comfortable to see this play out - I take the view it will be one of those situations you wake up one morning and a deal is done - hopefully positive !

[emptyend] 03/4/2017 08:36

Interesting major shareholding shuffle today. Anyone see this as a deck-clearing simplification of structure?

[topazfrenzy] 30/3/2017 13:02

In the bottom drawer LOL until we get the news!

[gta5] 20/3/2017 13:51

Good read about Glencore and Iron
hxxps://www.intelligentinvestor.com.au/will-glencore-make-another-offer-for-rio-1861716

[keya5000] 19/3/2017 22:09

Should help Zioc, low impurities....

Quite amazed given Chinese influence in the DRC that they have not made a bid for this yet.

[topazfrenzy] 17/3/2017 12:29

Big buy order being worked through in the background by the looks of it, they need shares to get it through at the price they are hoping, news imminent? Let's hope so! GLA

[topazfrenzy] 16/3/2017 12:16

I bought back in today, sector on the march again! GLA

[nash81] 15/3/2017 23:48

Iron ore price surges back above $US90 a tonne

[novicetrade68] 15/3/2017 19:08

446k buy after the bell.

[1fox1] 15/3/2017 14:55

Had another little top up today. Iron Ore hitting new highs. This one is very much forgotten about. In for the long term. Don't want a Glencore buyout. Would prefer constant steady growth all the way back up please.

[gta5] 10/3/2017 15:00

I think a lot will depend on Glasenberg warming up to Iron ore. Remember that he has been extremely negative in the past and that Glencore got their fingers properly burnt in Mauritania not that long ago. (Askaf/ Sphere minerals) that was a disaster in the tune of 1.3BN dollars down the drain. I think a lot depends on his view on the iron ore recovery and his appetite to have another go at $$$ greenfield projects....
I am staying put hoping/betting on the Iron ore price to stay put at current prices for the time being...
GL.
GTA

[nash81] 10/3/2017 00:26

those analyst that saying iron ore price will go down are the same analyst that predicted iron ore will keep suppressed in 2016. yet there were wrong and iron ore did went up 80% in 2016.

furthermore chinese govn only this week confirmed their plan to ramp up their infrastructure projects and together with Trump mega projects, these will ramp up demand in steel price, which in turn will ramp up price in iron ore (the main key component in steel production)

so, am staying put in ZIOC as i know iron ore will either stabilising or will continue to rise.

we may get early surprise if GLEN make their move on ZIOC while we are still cheap

[1fox1] 09/3/2017 15:00

Bought a few today. Patience for once has paid off.... Or as it? We'll see. Looks a good place to enter nice base at 6p

[itsmyshares] 09/3/2017 10:41

This and West African are currently complete dogs that I took a loss on both yesterday to short the DOW. However I be happy to be back in both if I can get back in at what I sold at.

[craigcarson] 09/3/2017 10:27

If this stock is to pop (and it will) there'll be no time to get back in.

The whole point of investing here is to get in at today's price and hold it no matter what for the inevitable enormous re-rating.

The scale of the inevitable profit (many 100's of %) mean any short term losses, even over 18-24 months, will be swallowed up by an enormous increase in the share price once Glencore or a partner takes up its option.

There's no short term profit on an other share than can compensate for the enormous profit ZIOC will bring.

[topazfrenzy] 08/3/2017 16:17

1fox1,

Sorry but with sells mounting I did not want to risk losing the big gains I had on paper and the news seems to be taking much much longer than anticipated. I also explained that the forecasts I read for iron ore last night put me off somewhat, although no one can predict the future.

I'll be back I am sure of it but had to bank profits seeing the technicals were all pointing down. Putting the money to work elsewhere in the meantime and holding onto cash.

ATB

[1fox1] 08/3/2017 14:59

topazfrenzy14 Feb '17 - 09:45 - 2386 of 2402 0 0

Keep adding here imho, this is just starting to get attention from investors, it was £2 in 2011 and there's nothing to stop it getting close to that in the future; as we all know the resources are the best in Africa and with Glencore as JV partner it is a no brainer.

Once we sail past 20p it could go up very fast so keep adding.
-------------------
Deary me!! What kind of investor are you topazfrenzy? Only on the 14th of February you were saying this could get close to £2. So to be scared into selling for 7.5p takes some doing. Takes all sorts I suppose.

[topazfrenzy] 08/3/2017 10:23

Hi Extrader,

I'm sure to be back at some point, just felt the luxury of waiting is not mine for now and would rather use the money in the meantime somewhere else.

Time will tell!

ATB to you too.

[extrader] 08/3/2017 09:49

Hi topazfrenzy,

Well done for making a paper gain a real one !

I'm a little sceptical re analysts' predictions at the best of times, myself, set more store by the opinions of people at the errrmm coal-face.

Depending on risk appetite, GLEN could go either way on ZIOC - boldly forward or cautiously sell off - what seems apparent from the quote above is that it's moved from the bottom drawer and is maybe getting back onto the 'to do' list ....

ZIOC is sitting in my SIPP , so happy to wait for events to unfold. As people say in other contexts, it's not as though this is a wasting asset !

ATB

[topazfrenzy] 08/3/2017 09:39

Decided to sell up here (a total change of heart I know) as read yesterday that predictions for iron ore in the 4th quarter is $55 or so, and next year the same. I know analysts have been wrong all last year but this may be putting people off going for this now, so putting it aside to see how things develop, I'd hate to see my gains from 3p evaporate.

GL to all still holding

[topazfrenzy] 28/2/2017 12:03

Quoting MinorMiner's post from LSE:

{Just reading through Glencore chairman Glasenberg's comments following their stellar results.
This gem seems to have escaped attention.
From the FT..

As well as returning more cash to shareholders, Mr Glasenberg raised the idea of Glencore doing more deals.

“We are looking for opportunities around,” he said, adding Glencore was particularly interested in assets where it already had stakes or partnerships.

Steven Kalmin, finance director, claimed Glencore had never been stronger financially. “We’ve never been in this kind of position with the balance sheet it has now,” he said.}

I have to agree with MinorMiner, that a deal with Glencore is looking much closer than most think. A £200M for our stake of Zanaga is certainly not an exaggeration IMO, time to load up again perhaps, the share price is still so cheap! What one could call a straightforward 10 bagger from here ...