Zanaga Iron Live Discussion

HPC_Follower 01 May 2019

zioc Still waiting on port news, IMF deal, Chinese commitments, etc. looks more like June '19 for contracts to be signed… EPP also now likely to be initiated to start raising revenues & trial ore production for two years or so, etc. ahead of Stage 1. Personally, if this can be proven in time, I would like to see a cold pellet plant at the end of the ore feed pipe, next to the port… Financing arrangements will be key here, but the country needs the revenue (tax, royalties, etc) pretty urgently now.

HPC_Follower 30 Nov 2018

zioc Far more likely now that ZIOC will actually publish plans to commence production next year, initially crushed ore by lorry/rail, treated near the port to produce cold pellets with > 67% FE content, for shipping to China, India, existing Glencore clients, etc. The shipping capacity in the SEZ will probably take a year or two to add major capacity; hopefully whilst a rail link to Zanaga is laid down. If this is all successful, the plants in Zanaga will be built up for the mining & first crushing/treatment process whilst a bigger plant for cold pellet production is put in. The big question now is how will Zanaga finance its part of this production plan… doubt through equity, but it could give up part of its 50% share; off-take agreements may provide money upfront for guaranteed supply at a discount to the market; loans/bonds, etc. Next few weeks should seal a deal… otherwise why proceed with a major port upgrade unless the usage is coming down the line…

Helicopter_Man 23 Aug 2018

This could be the week... Hope your correct HPC. some nice uplift this week already.

HPC_Follower 22 Aug 2018

This could be the week... Looks like the IMF will formally sign off their intended loans based on the firm plans and China commitments early in September. ZIOC/Glencore commitments to production must be closely behind.

Helicopter_Man 02 Aug 2018

That's better HPC good suggestion but find it hard to post on this new site never mind add an helicopter. Going outside to photo mine and will try.

HPC_Follower 01 Aug 2018

Let it fly I first bought ZIOC shares at £1.07 in 2011, and averaged down with a lot more in the 27.3p to 16.4p range over the next few years, adding 50,000 @ 2.3p & a final 65,874 @ 1.5p whilst iron ore & ZIOC shares were very low priced - giving me 150,000 @5.65p average… wish I’d bought a lot more below 2p a share in hindsight of course - but not enough cash to spread around. Still 0.05% of ZIOC is still significant for me… currently worth c.£29K with ZIOC’s Market Value at just £44m. Makes 20p a share seem quite expensive now to buy & a £1.50+ return (above the IPO value) very unlikely with my luck (pushing it you think) - but the facts and progress to date indicate that even £2 a share or more might be possible (after all, Apple did x200 post their initial IPO) given the NPV of the Zanaga/Glencore iron ore assets at today’s prices in region of a few $billion.

HPC_Follower 01 Aug 2018

That's better Might I suggest you associate a small picture of a helicopter with your user profile… makes the discussion page a bit more interesting, and it’s easier to spot messages which may be of interest to some - better than just an “H”.

Helicopter_Man 01 Aug 2018

That's better Still getting used to the new web site. What a great day today with a 2p increase long overdue. Rest of the week should be very interesting. Will we see 21p before end of week.

HPC_Follower 30 Jul 2018

This could be the week... Some upwards movement in the ZIOC share price today, but it seems that we could be well into September before the IMF sign off the overall plans for their promised loans, and the Chinese their commitments to the twenty plus year programme of business. Nevertheless, the new Port and Railway will only be valuable if the iron ore from ZIOC/Glencore and other resources are extracted, processed and delivered to customers for returns well in excess of the costs, loan & interest repayments. ZIOC’s plan and financing route must become clearer soon - with the possibilities ranging from gradual growth in production through to a complete sale of their business, ore recovery, production & sale rights.

HPC_Follower 24 Jul 2018

This could be the week... Things still gradually coming together in terms of infrastructure, rail links, etc. but nothing finalised for ZIOC. We are still waiting on pellet test results, financing arrangements, development plans, production timescales/volumes, etc. HOLD for me, but frustrated by the long timescales.

Helicopter_Man 29 Jun 2018

This could be the week... Last day of the 2nd quarter when we were promised an update need I say more?

HPC_Follower 26 Jun 2018

This could be the week... I would keep hold onto those ZIOC shares, but it must be tempting to put some of that £50K elsewhere… then again if ZIOC gets back to even 2/3 original IPO value - never mind, close to true enterprise of value many times that (£5 to £10 a share), you would be rich by normal standards… and things on the ground do seem to be going in the right direction. None of us really know what may happen here, but the ZIOC directors have been quietly making progress for many years now and won’t want to sell out cheaply…

Helicopter_Man 20 Jun 2018

This could be the week... We’ve been promised an update by the end of the second quarter which I make 10 days away. They have not been good on keeping these promises in the past so have they changed? Also been an holder of 600k shares for some time, in a SIP, and look forward to more profit from this in the near future. Could get airborne in the short term.

HPC_Follower 15 Jun 2018

This could be the week... I wrote most of this 6 months ago, having been invested in ZIOC for over 6 & 1/2 years, and “my gut feel” now tells me that everything will change for ZIOC by the end of this June. ZIOC staff have worked tirelessly, with great expertise and patience for many years, and deserve success for themselves and their shareholders. The recent permit announcement and projects launched for rail links and port upgrades are the final pieces in the jigsaw assuming the “pellet production & testing” has gone well. Glencore (50% + one share of the project) and/or the Chinese both have great justification for closing a deal with the government and the licence/permit holder, Zanaga (50% less one share), to launch the project which will deliver ore from one of five largest and the highest FE quality open-pit sources to the Chinese market, which has long term, strategic needs. This would use the sea ports and transport planned to be built for the benefit of all those involved in this enormous project. A cash dividend for ZIOC shareholders would be very welcome, with or without any “free carry” rights left for the future. I certainly won’t be selling my ZIOC shares until the expected end-game, planned years ago by ZIOC management in conjunction with their partner, Glencore, is concluded - which must surely be soon now - even if ZIOC decide to just commence production for even greater benefits longer term…

seakelp 15 May 2018

Taken out this year? Would not surprise me at all. I would suggest to any one with spare cash (eg Kalan) at least stick in a "backstop" nestegg investment here. Even if it is a measly £1k. Potential return is multiples.