Helicopter Man
25 Feb 2018
Re: Project Update Sent the company an email Friday and they have replied, yes and it's a Sunday.This announcement is expected to be made very soon, was the reply.
Helicopter Man
23 Feb 2018
Project Update The attached link is off the company's web site and it states that by mid Feb 18 an update would be forthcoming.Come on Zanaga Ltd your late on your promise.[link]
Helicopter Man
21 Feb 2018
Re: Glencore One reference to Iron ore is on the attached link:[link] ore is a key ingredient in the production of steel. We principally market iron through physical transactions. In addition, we have interests in early-stage iron projects in the Republic of Congo and Mauritania.
HPC Follower
21 Feb 2018
Re: Glencore No mention of ZANAGA at all in the full report delivered by Glencore today, and little interest shown in iron ore. Only "For 2018, while overall supply of iron ore may increase, we could see a decrease in low grade cargoes exported to China."I suspect Glencore may prefer to sell's its whole interest (with Zanaga's) to the Chinese... but who knows. The production plan (beneficiation, pipe, port, etc.) looks fairly solid now, despite no promise of funding by Glencore of Zanaga... both of whom will want to avoid significant debt given iron ore volatility.The deal proposed much be close to publication... but what/when/how will be crucial to Zanaga shareholders like myself. Will ZIOC want to maintain a royalty or "free carry" position to stay in business or just crystalize the entire benefit from the project in a one-off deal?News on Friday or Monday I feel now, post the Chinese New Year...
BBanker
18 Feb 2018
Glencore Glencore are expected to produce good profits and they will surely wish to fund the development of Zanaga. The big question is how they will proceed, will they buy out Zanaga and then fund development or use their substantial resources to continue with the development as originally envisaged. Either way shareholders in Zanaga are well placed to benefit from their long period of patience. I believe there are very few shares changing hands and long term holders are awaiting their reward. Roll on Wednesday.
HPC Follower
16 Feb 2018
Re: why is there so little trading I suggest you read:[link] is essentially still the plan with recovery in the price of high quality iron ore, given that plans are now firm for port upgrades and additional electricity supplies and permits in place for mining.Funding needs the Chinese to make commitments... hence the final independent checks on FE content post beneficiation.Could see real progress next week... but £2 a ZIOC share is more likely than £3+. Fair value is subject to hard negotiation and faith in future iron ore demands and prices... but IPO investors (who will want a profit after all this time/effort) paid about £1.50 a share, there has been no dilution through the release of more shares, $300m + invested so far and the plan does look much more solid now, with government and Chinese backing... At £2 a share, those with > 500,000 ZIOC shares could become millionaires with an outright buy of ZIOC, but there are lots of possibilities in terms of off-take agreements, partial buy-outs, etc. I suspect that a relatively low percentage of ZIOC shares are actually being traded as most long term holders will not want to be out with news so close... which includes myself.
Lucky sid
14 Feb 2018
Re: why is there so little trading i cannot locate it as it was around xmas but the essence of the article was that zanaga could be a millionaire maker in 2008
Helicopter Man
14 Feb 2018
Re: why is there so little trading Lucky cannot get my hands on the telegraph does anybody have a link?Thanks
Lucky sid
14 Feb 2018
why is there so little trading Given the impending announcements from zanaga and glencore along with the recent write up in the telegraph, i am amazed there is not more activity with this stock.The only negative possibility i see is a call for more cash.Any ideas views welcome.
BBanker
09 Feb 2018
Glencore Report due from Glencore on the 21st February. That will probably coincide with the companies intentions concerning Zanaga. As I see it some clear plan for the development of the site jointly owned by Zanaga and Glencore will be forthcoming and will either include taking out Zanaga, selling the site or entering into a joint venture to cash in on the substantial resources at a time when iron ore is in demand and holding a steady value. Whatever happens there seems a very real prospect that Zanaga’s true value will be established before the end of this month and that must surely be substantially more than the current market value. The rise in the value of iron ore over recent months must make development of this substantial resource worthy of urgent consideration.
Helicopter Man
08 Feb 2018
2nd Price monitoring Is the price going crazy tomorrow and with a spread of 1.5p somebody could bein the know of what the mid Febraury report is saying?
HPC Follower
01 Feb 2018
Are there no ZIOC shareholders here? IPO in Nov'10 added 39.8m ZIOC shares priced at £1.50 to give 280.4m shares on AIM; reduced to 278.8m through share buy backs... none issued since; work to plan (delayed whilst iron ore prices were low); permits now in place; ore proven; piping to port plan in place; beneficiation work nearing completion - project could be launched mid-February...Volatile ZIOC share price... should get back to £1.50, possibly as much as £3 within a few weeks if you believe the facts line up with the strong possibilities.Why no interest here? Are there no other ZIOC shareholders who chat through III?
HPC Follower
31 Jan 2018
Re: Lets hope Not all day trading...A few bigger buys went through later today:-115,000 at 14.75p115,000 at 14.70p100,000 at 14.23p231,053 at 15.1437pThis may set the scene for increasing demands and trading volumes for the next couple of weeks at least, pending the expected mid-February update on ZIOC plans which is likely to have more dramatic effect, especially if the "independent" beneficiation report is favourable (as expected) and financial (including off-take) terms are agreed for the overall project to proceed as permitted, and facilitated through port upgrades being funded by the Chinese.
HPC Follower
31 Jan 2018
Re: Lets hope I agree the floor could rise above 14p a share from today's trading... but it is "day traders" who are pushing the price up/down the most at present; lot's of small buys to raise the price and get interest from new buyers, then a race to sell near the top to take profit, repeated...My ZIOC purchases started at £1.07 a share back in August 2011, then I averaged down with quite a few purchases in the 20's, 10's and finally doubled my holding with extra shares at just 1.5p when the price of iron ore was very low - giving me my current average of 5.65p a share. Strangely, despite my hope for ZIOC's Congo' holdings to be bought out for c.£2 a share (or better), I'm reluctant to buy more ZIOC shares just in case this all goes wrong... probably because, at 15p a ZIOC share, I've already got more invested in ZIOC than any of my other share holdings.There are going to be big changes here in the next few weeks - I just wish I knew what!!! I can only wait and remain optimistic given the facts as I know them... others with a lot more invested must have even more "butterflies" over the future.
Helicopter Man
31 Jan 2018
Lets hope Lets hope that the 2p rise (13.30hrs) sticks and its PI's getting in on mid Feb progress report.Who knows by close of play it could be 1p up or 3p up as I believe we have a new floor of 14p for a few days.
