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My understanding always was that tranche release would always be RNS'ed ( rightly or wrongly). I don't think 'sole discretion' here means non-notified sales....HOWEVER.. there has definitely been a big seller plugging away for the last 6-8 weeks which I did wonder about. So is it T3? If it were, I would seem that as underhand practice , imo . No reason not to RNS share selling.

? 💫💥🍀⚡☄️✨🌟🎉🧨🪄💰⌛🗝️?

My bet on the delay is sorting out the port MOU...a major undertaking and project in itself.

..the Port MOU will drop next, that would be highly significant, imo!

I like the text on LinkedIn where the company thanks Proactive for the interview..

"Momentum is building around the Zanaga Project and we look forward to the next briefing as other planned milestones are achieved."

## that is actually reassuring. 🙂

If there is cross competition (big IF), then it depends how aggressive and hungry the parties are. Who is in the driving seat, us or them?

If that type of game is being played (who knows?), this could still break out into the open with a public bid. Interesting times!

..if the Saudi 's are now out of the picture (assuming they were ever in). More focus and less crosswind?

My only comment to the presentation is "hmm". Leaves more questions than answers. Having reflected on this overnight, I think the recent stall (? possibly?), could be due to the port. A tricky issue, if the port sits outside of the Zanga project in the hands of others (probably China), it is doubly difficult. Maybe Zanaga just needs to power on with the jetty/barge solution instead of dedicated port? This would simplify the process.

Or just sell the whole shebang.

Hi Jackshaft, what do you make of the current 99.31% discount here?

I'd rather they get off the sofa and into the bedroom.

Hi Ilovesushi, thanks for your post. Your views on Zanaga project would have been on the button for about 3 years ago. The situation has changed immensely sense then, you may wish to update yourself on more recent developments regarding global players and green steel.

What I originally thought then, thanks, MM.

I will disregard the unkindness. Does port infrastructure equate to a "deep water" port or is it the jetty variation or is it simply ZIOCs warehouse and processing plant at port established by someone else. The detail is important, long time since I read the original.

I assume Simandou IRR includes deep water port costs and Zanaga does not. I don't know enough about Simandou specifics.

No worries Jiving we live in parallel worlds ❣️Like your style 👍

Sorry, Jiving, you completely, totally and utterly keep missing the point. Nobody disputes T 3 could be used or that is minimal. I will not restate the obvious ( imo!). With respect, this is like trying to describe the colour blue to somebody whose retina is not equipped to see it 😃. Leave it at that 🕊️

Just read the last 6 months of RNS's. It is all there..if you don't believe what they are telling you (because of the hurt of the last 13 years)., then bail. Yes, it can still all go badly wrong but it is the investors loss on this fantastic opportunity, imo. And they wasted 15 months. The world is crinig out for this high grade iron ore. I remain highly positive (yes, also because of no T3 as yet) and until told otherwise.

"Elphick will hold back to the last minute on T3 "...that is the nub. I would say NO, he cannot leave it until the last minute and gamble irresponsibly. T3 is not instant cash, it is a dribble and a pittance! The FEED process is underway and expensive..what does that'll you?? It cannot be more bloody obvious, imo 😁..

Jiving, I have a fundamentally different view to this process. They have been negotiating for 15 months now and will have come to a verbal agreement that this is happening in principle with strategic investors. Otherwise this process will have died a long time ago. Further, the previous RNS aiming for end March MOUs support this view. Yes, the recosting has taken longer, but I suspect they are working for an imminent signing date (hence no T3). This process is far in and underway, FEED has started. So, yes, no T3 probably means the announcement is highly imminent, otherwise we are running on fumes and in debt. If they did not believe this was happening they would not gamble on this leaving it this late with another long winded T3 selling (not a fast process).