nomnom
01 Dec 2017
share price the share price went up because people thought Glencore would takeover. That may or may not happen. Hence people are selling?
Divmad
27 Nov 2017
Re: Why bale out now??? Scary chart. Senn it's one of your "shorting" scenarios, surely.
NewKOTB
25 Nov 2017
Congolese government "The Congolese government will be entitled to not less than a 10% interest in the project subject to direct negotiations with the company..."Exactly, and this imo is the sticking point atm .... maybe they want more than 10% and/or free carry.Don't forget 50% of what the government get is from ZIOC share, the other from Glencore. Do the government suddenly wanted more of the pie in return for the Permit having been issued !!!! Lots of paperwork and negotiations required if that is the case .... hence the delay. The ownership of ZIOP would need to be nailed down by any prospective buyer of ZIOC's share BEFORE any deal. I think the Congolese government upset the apple cart at the last moment.The SALE of our share will be incorporate in the deal that the Congolese government get imo. Can not do one without the other. I would think that this is where any leak would come from and hence the larger buying volume BEFORE the latest RNS on 1/11 & 8/11.The upshot imo is a deal is on, just a case of percentages and price, hence radio silence.aimogla
HPC Follower
24 Nov 2017
Glencore could push things very soon... Clearly Glencore could choose to wait, but why spend so much money (c. $300m) proving up the resources and determining the lowest CAPEX route to market whilst chasing the permits needed if they didn't intend to actually start production as the price of iron improves?If they don't proceed on a reasonably timely basis, there must be a risk that Glencore (51%) and ZIOC (49%) might lose their very valuable licence rights.As I understand it, Glencore also want to buy out their partners to wholly own resource rights in preference to funding new resource searches and production plans, etc. and ZIOC has globally the 5th best iron ore resource with the greatest quality and % iron. ZIOC must surely be at the top of their list... it's just a case of when Glencore want to move on this and ZIOC are ready to negotiate.
senn1965
23 Nov 2017
Re: Why bale out now??? Hi HPCInteresting thoughts here, can Glencore do nothing for years here, or will they plan a buyout of the company, nothing's for certain but very interesting all the same, am watching very closely how this pans out.
HPC Follower
23 Nov 2017
Why bale out now??? Whilst some take what profits they can, or try to minimise their losses by selling now, I've personally held ZIOC shares for over six years with quite a bit of averaging down on weakness when the price of iron ore was low.Now is not the time to be out of ZIOC given they have the main permits now and are so close to nailing down the last few bits of their production plans with Glencore. As others have stated before, the NPV of this project is worth over £3 a share (Edison report, for their 49% share) to ZIOC and even a £1.50 bid (close to the original IPO price) from Glencore to fully or partially buy out ZIOC to guarantee most the production benefits for themselves for the next twenty or so years would make a substantial difference for most ZIOC shareholders.The odds are high that such terms will be agreed before Christmas, or in January, and announcements may be preceded with a suspension pending this.Do your own thing... trade again and again for a profit, take your risks or just be patient... not that it seems anybody can be bothered to enter any such discussions on the ZIOC discussion board here.
HPC Follower
22 Nov 2017
Re: Was this just a pump & dump rally? Still think there was a big "pump and dump" rally when news of the permit was rumoured/released, and we are in the dump stage for some.The high volumes seen were the same people buying and selling lots of ZIOC shares repeatedly... and the stragglers are still dropping out with small profits I suspect before the next big put up with any good news.Nevertheless, the potential value of ZIOC is still in excess of £1 a share, possibly up to £3+ in accordance with the NPV of the project based on open-pit mining only half the strike length of the very high quality ore. As we get closer to initiating the plan, with Glencore, third party or project finance (or a combination thereof) the share price of ZIOC will certainly rise to new heights again... and don't forget the no. of shares issued remains the same as at the IPO, then worth £1.52 a share.Below 20p, ZIOC remains a STRONG BUY irrespective of whether some are taking short term profits at present.
HPC Follower
22 Nov 2017
Re: Omen Yes... I did wonder why all my buy price alerts up to 30p a ZIOC share showed up - dashing my hopes in the end. Perhaps another day soon...
NewKOTB
22 Nov 2017
Omen Price shown on iii before opening today :£18.500 - £23.750One can dream ...lol
HPC Follower
21 Nov 2017
Bit busier today... Demand for ZIOC shares is greater but there is a significant gap between the amount wanted and the money some want to offer... nevertheless, c.21p to 25p is still cheap for shares which are worth at least £1 with finalised production plans and project finance or a Glencore buy-out. NPV was reported by Edison at over £3 a share (see earlier discussions).
HPC Follower
20 Nov 2017
ASK steady - trading negligible No rush at all today I think, markets are very quiet generally and on III L2, foe ZIOC there are just 20,000 shares on the ASK at 17.5p and 27,328 shares on the BID at lower prices.Looks like any ZIOC trades today will be entirely at MM offered prices when somebody tries an ordinary trade. All the buying/selling pressures are off now pending another RNS I suspect.
HPC Follower
20 Nov 2017
ASK price increasing Someone is accumulating this morning, the ASK price is gradually rising but no trades are showing yet... and may not be until one or two large orders are fulfilled.Not a rush yet, but early days... and potential worth is way above current market value.
NewKOTB
18 Nov 2017
Re: Was this just a pump & dump rally? To drive my point home even more, here are the last few months volumes:wk0 1.3m wk1 4.9m - significant increase week on week from here.wk2 6.9mwk3 7.7mwk4 17.9mwk5 26.5mwk6 25.3m - Exercised Optionswk7 49.4m - Permit Awardwk8 90.0mTotal of 230m out of 279m share issue..Note how the volume started to pick up significantly prior to the options RNS (wk6) 1/11/17. ( Those in the know maybe, wink wink)
NewKOTB
18 Nov 2017
Re: Was this just a pump & dump rally? We have had several P&D's on this stock before, but what makes this rise a re-rate and not a P&D imo is the VOLUME, volume of Brobdingnagian proportions !!!We have NEVER seen anything close to the volume on any previous occasion, (including the P&D's) just checkout the historic charts to confirm. Over 190m traded, of a share issue of 279m over the last 4 weeks alone,(Yes 4 weeks) prior to which the volume had been steadily building from late September.Big money is moving in on big volume.Just checkout the weekly charts.News will be soon, otherwise why are the II rushing to get in .... answer : Because time is short.aimhogla
BBanker
17 Nov 2017
Thought for the day. Or even the weekend. This company is sitting on a very valuable asset and, although it does not hold a controlling interest, will benefit as the iron ore is extracted and marketed. As some stage it will probably be bought out although earnings from developing the mine will ensure that shareholders in ZIOC get a good return from holding on. Currently traders are profiting from the volatility but there is no doubt as to the asset value and patience will be rewarded one way or another. Still very much a buy at this level. It would be nice to have a plan in place, which will give some indication as to earnings, from which this company will benefit in the short term and beyond.
