Member Info for allthatguff

With the framework agreement in place and current global politics and iron ore market situation, my belief is that we should be trading 30p plus currently (100m mcap). This is still at the moment in the nowhere land of disbelief of any kind of project happening.

But still the larger o trade seller dumping as well.

Some light Sunday reading, a great article. Learn why Zanaga is King.

https://stockhead.com.au/resources/why-iron-ore-grade-is-now-more-important-than-ever/

Why iron ore grade is now more important than ever
4 hours ago | Special Report

"There is one source remaining of natural high-grade direct shipping ore, which is the rich deposits of West Africa, especially Guinea,” Eames noted."

All adds to the iron ore story and current price uptick..

https://uk.reuters.com/article/us-australia-weather/western-australia-braces-for-worst-storm-in-a-decade-idUKKBN23007M

MAY 24, 2020 / 8:54 AM /
Western Australia braces for worst storm in a decade

"Winds gusting up to 210km per hour (130 miles per hour), were expected on Sunday near the country’s iron ore producing heartland of the Pilbara, moving south towards the state capital of Perth overnight and Monday."

Some light Saturday reading. All the hot "goss" here.

https://www.bloombergquint.com/business/mining-billionaire-gets-help-from-ex-spies-in-bitter-legal-fight

Mining Billionaire Gets Help From Ex-Spies in Bitter Legal Fight
Thomas Biesheuvel
May 22 2020, 8:01 PM IST

https://splash247.com/beijing-details-667bn-infrastructure-focused-stimulus-package/

Beijing details $667bn infrastructure-focused stimulus package
MAY 22ND, 2020 Jason

"Infrastructure spending is set to be ramped up in China, much to the joy of the world’s dry bulk shipping community.

China’s central government will issue a series of treasury bonds totalling RMB4.75trn ($667bn) this year, the vast majority of which are deemed infrastructure bonds, to fund regional development and support the economy hit by the outbreak of coronavirus, Chinese premier Li Keqiang revealed at the opening session of the National People’s Congress (NPC) today.

Today’s $667bn stimulus announcement – while not being as large as the $1trn some analysts had predicted – is still larger than the $564bn package Beijing unleashed in December 2008 in the wake of the collapse of Lehman Brothers, a stimulus that resuscitated dry bulk fortunes 11 years ago.

The government has announced plans for regional governments to issue RMB3.75trn ($527bn) worth of bonds to fund the regional development including infrastructure projects, and it will also issue another RMB1trn ($140bn) in special treasury bonds to support businesses hit by the Covid-19 pandemic."

News news news
Hold hold hold
That's all we need to know.
Have a good weekend all!
Cheers.

Strange time to unload.. larger O trades..hence softer today

22-May-20 08:46:51 9.295 207,134 Sell* 9.02 10.20 19.25k O
22-May-20 08:46:35 9.28 207,469 Sell* 9.02 10.20 19.25k O

Zanaga Iron Ore
@Zanaga_Iron_Ore
·
7m
Brazil’s deadly coronavirus outbreak has disrupted global supplies of iron ore just as demand from Chinese steelmakers is revving up - new iron ore mines required #ironore #steel #China #Zanaga #ZIOC https://wsj.com/articles/brazils-coronavirus-crisis-disrupts-iron-ore-market-as-prices-surge-11589982491 via
@WSJ

..when and not if. The market has not cottoned on to this fundamental shift in prospects.

With a China framework agreement already in place, Zanaga is in the sweet spot of being highly desirable and a strategic necessity for China.

Gta5 posted an interesting article from last week. I had not sern it before.

https://www.globaltimes.cn/content/1188487.shtml

"

GT Investigation: What's at stake for Australia to be US' attack dog?
By GT staff reporters Source:Global Times Published: 2020/5/15 18:48:40"

"Disruption to raw material trade would be a 'nuke bomb': insider

China could ditch Australian iron ore for African alternatives should they choose to ban iron ore exports, a top industry body official said on Wednesday.

Li Xinchuang, a vice chairman of the China Iron and Steel Association (CISA), made the comments when asked about the likelihood that actions would be taken on the iron ore trade, the largest trade item in 2019. Comments have been found on Twitter calling for a boycott of Australian iron ore exports to China.

However, Li said that if China wants to tap iron ore deposits in Africa, there would be a gap period of four to five years. Li also said, "Once such a transition is completed, Australia's place as an iron ore supplier to China will be lost forever.""

20-May-20 16:33:15 9.605 500,000 Sell* 9.86 10.35 48.03k

19 March official Zanaga tweet..

"More than 85% of China's iron ore imports are controlled by 5 companies, outside China. Unsustainable. That is why China is working with #Zanaga to develop the Zanaga Iron Ore Project (credit: #Citi research 19.03) #ZIOC #ironore #China #Steel #Glencore"

Fast forward to now and China Australia situation. The word UNSUSTAINABLE rings in our ears.

ZIOC, THE SHARE OF 2020?
May well be.

China is going to do a f u to Australia using Zanaga.

This is so ripe now.

BO must be due soon?
Just saying.

Looks like masked men are scrambling to buy back in.

https://www.afr.com/markets/equity-markets/iron-ore-s-bull-run-still-has-legs-20200520-p54upy

"Iron ore's bull run still has legs
Tom Richardson
Tom RichardsonMarkets reporter and commentator
May 20, 2020 – 5.52pm

The iron ore price could race past $US100 over the short-term as Chinese stockpiles run low and supply out of Brazil falls at a time of peak demand, according to one of the market's leading resources analysts."

Where is that take over we ordered.

(Such a ramper :) )

Unfortunately that is how it comes across. TA is useful amongst a whole RANGE of data. Bur I object to the snootyness. Just while we all get it out. Cathartic.

foe being retail mugs with no plan between us. Please lead us out of the wilderness lol