RE: Top Shareholders25 Mar 2025 12:12
Relating to the above, one of the big points discussed on here is that of "Q3 ‘25: Formal bid process launched" and the possibility -even hope- that there will be a pre-emptive/early offer on the table from someone/somewhere who could be seriously worried about FOMO, ie Fear Of Missing Out.
What we definitely are fully aware of is Saudi Vision 2030, and in particular their plans to become not only the largest consumer in the world of "green steel", but also to replace China as the worlds largest producer of "green steel". To help ensure all their future plans come to fruition, Manara Minerals was created to acquire guaranteed long term supply chains of all the necessary minerals and metals needed for Vision 2030 to be successful. To date, and following world wide joint ventures and buy ins etc, they have totally succeeded, apart from the one glaring example. As far as openly available information to hand, they have not acquired one single ton of any future supply of the one commodity they require more of than any other mineral or metal, namely IRON ORE.
So, why is this. My very strong belief on this matter is (and obviously, at the end of the day could be way off the mark) that for a considerably long time now, maybe even more than a year, Manara/Saudi Arabia and Zioc already have the basis of a "done deal" of "some sort" agreed. We know Manara have historically gone for a 10% or 20% involvement in any partnership. With Zioc though, and the huge amounts of ore required, that % may well be too low, and they would ask for considerably more.
How much would they pay? At this stage of proceedings, the Saudis will be awaiting all the information re cost savings announced in the presentation document, together with the DRI and Pellet production details. With the Saudi side of matters sorted, (apart from the "exact" final price), formal bids can then be launched for the remaining percentage of the mine that ZIOC no longer wish to retain, and therefore would expect bids in some form or another ,from the likes of the Chinese and any other major entity. What we do know is, by then, and with the latest "figures" available, the BOD will have a very good idea of exactly what they will deem as an attractive price to EVERYONE in involved.
Only time will tell, but
As usual ...alwayshoping.