Divmad
12 Dec 2017
Re: Stop Loss positions being hit... So the short term trading positions being taken in the last few weeks in anticipation of a Glencore news conference decision on ZIOP, didn't work out. Perhaps now the silly ramping over on the other bb will abate and patience will remain a strong virtue. It looks like the sp today has weathered the disappointment quite well. No real stop loss sell off to speak of.
HPC Follower
12 Dec 2017
Stop Loss positions being hit... Share price is weakening due to some shorting (from the recent 25p peak) and stop losses being hit; and some last ditch, short-term profit taking.I suspect that ZIOC will be priced as a buying opportunity tomorrow pending any solid news.The case to BUY and hold for full production/financing news remains strong.
pitstok
10 Dec 2017
Re: 10p? I'm sure they are. Well good luck to them. But it looks like a big bait ball to me. I've nothing against Zanaga, on the contrary I think it has great potential and I'm a big fan Michael Haworth, who I've a large investment in elsewhere. And I look forward to having a chance to re-invest here. Let's see what happens.
senn1965
08 Dec 2017
Re: 10p? Hi pitYou look on the crazies on LSE there all expecting a deal before year end with Glen
pitstok
08 Dec 2017
Re: 10p? As far as I can see the only update to be expected is this - 'As reported in the Company's annual results published on 28 June 2017, the Project team commenced the process of actively investigating the potential for the early development of a small-scale, low capex, low opex project utilising road and potentially rail transportation solutions as well as existing port infrastructure. The Company intends to be in a position to provide more detail on the outcomes of this study work by the end of this year.'
senn1965
08 Dec 2017
Re: 10p? Only issue here is all want a buyout this year, no buyout in update lead ballon me thinks??
HPC Follower
07 Dec 2017
Re: 10p? Whilst there was no permit for mining and shipping of the ore, ZIOC stock value was volatile, and relatively low.The IPO price was about £1.50 a share, and no more shares have been issued - so no dilution. Since then, the ore resources have been proven to be high quality in terms of FE, doubled in volume and optimal mining plans and transfer routes have been defined. The Chinese have been developing the port and need the ore for their steel plants.The country want to see financial returns from all this work; iron ore prices have improved and Glencore are on record that that want to grow their iron ore production, ideally through existing partnerships rather than trying to find new sources.The ZIOC resource is very valuable and ZIOC hold the licence permits - albeit with little cash to fund their share. Nevertheless, this has been known for many years, by Glencore in particular, so their $300m to fund the feasibility study work by Zanaga bought them 50% + 1 share of the project and, I am sure, there must have been some understanding that ZIOC would reduce its share further in the main project for cash and/or "free carry" or why would they have done all the good work required to prove up the resources and get the necessary production permits if they thought Glencore would then just take their share for next to nothing.ZIOC do need to be bought out, or partially bought out with some "free carry" if this 20+ year project is to be launched.Everything is now aligned for a deal; when and what terms are still interesting questions. The hope for ZIOC is a price nearer £3 than £1 a share with a 10% free carry... but negotiations could take a while to conclude. News could come any time now, certainly ahead of Christmas was the view of ZIOC in recent RNS.I agree the ramping (on Twitter in particular) is a bit over the top, mainly in support of day trading, but this is only trading a relatively small volume of the stock repeatedly. This doesn't change the fundamental value of ZIOC at present, which must surely be crystalized soon. Those how funded the IPO have been waiting a very long time... The price won't drop back much below 15p now the main permits are in place... wish-full thinking if anyone hopes to buy any ZIOC shares at 6p.
pitstok
07 Dec 2017
Re: 10p? I had a good run on this, in the end, but it took a long time to come. I still think it's got plenty to offer but atm it's being incessantly ramped all over the place. The 'buyout/takeover RNS' isn't a mythical creature, although it may be here, it's just very rare. Without it I think this is more likely to drop back to 6p. Good luck to all players.
senn1965
03 Dec 2017
Re: This could be the week... HPCI looked at all the timescales on the zanaga PDF, they have all been met let's hope Glen put the final piece of the jigsaw in and don't drag it on without making a firm commitment to digging the stuff up with or without the Chinese who have to be part of this imho.
HPC Follower
03 Dec 2017
This could be the week... Been invested in ZIOC for over 6 years now and "my gut feel" is this could be the week that everything changes for ZIOC, whose staff have worked so tirelessly and with great expertise for so many years.The recent permit announcement was the final piece in the jigsaw, and 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 plsnned 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.
Divmad
02 Dec 2017
Re: 10p? I know what you mean, senn. There's a ramper there called D...A... who really pi..es me off, to name but one.
senn1965
02 Dec 2017
Re: 10p? Not helped by LSE types.Sorry.
senn1965
02 Dec 2017
10p? Looks a good buy in point for what maybe coming in the near future, problem with this is Gle hold all the cards and the mms will e playing this like a fiddle until they reveal there hand.How long, the longer it goes on the further the fall as this is help by LSE types who change like the wind.10k at 10p could give you a 70k return, worst case 5k loss, not bad odds I would say. Senn
HPC Follower
01 Dec 2017
Re: share price No way... company needs Billions for CAPEX, many multiples of current market price...
nomnom
01 Dec 2017
Re: share price the company may need to issue shares to raise cash?
