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Zanaga Iron Ore is a speculative buy at 18p argues Doc Holiday

By Doc Holiday | Thursday 11 April 2013

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

The Zanaga (ZIOC) story is a rather familiar one for those who have followed resources stocks in recent times. It listed at 156p when shares in anything resource related were top of the pops. These days the sector makes the Jimmy Savile fan club look fashionable and the shares languish at 18p.

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