sub 10p - i did say this would happen in my post a few weeks back when we were at 17p - there is still downside to come as projects look to be mothballed
11 May '13
What Future For ZIOC?
Hopefully a very good one - 10p to 400p might be achievable if everything goes according to plan. Otherwise, we'll be shafted! Put in mothballs for years to come or sold to a very dodgy buyer for peanuts. See ENRC directors selling a company they'd bought for 46 times what they'd paid.
10 May '13
Two 5 shares codes trades
just gone through interestingly British Bulls posted a BUY signal yesterday first time in 28 days
9 May '13
The capex here is huge (7bn) thats alot more than lots of other west african producers i.e AMI,BZM,AFF and wafm probably. Indian and chinese steel mills can just mop up the excess aussie capcity on the cheap for a bit or buy into the above (also these steel mills are hurting right now with iron oreprices high and demand low and burning through cash). Sundances recent chinese buyer pulled out as a casing point - these assets just aren't as atractive in this low growth environment. LOND and AMI are producing so maybe the exceptions IMHO
9 May '13
Heres a thought
recently some economists are speculating production could migrate from China back to the USA because they have such a huge energy advantage with Natural gas over China and India. I wonder in 10 years if we see US companies picking up the materials baton from China and start aquiring cheap resource assets?
9 May '13
this time last year ZIOC had a MCAP roughly £290 million today its £29 million ouch one can only wonder what Xstrata are thinking they own 51% so theyre down £130 million. Surely they would accept a bid of say £50 million if a Indian/chinese steel producer wanted to buy?
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