Member Info for caml

The key catalyst for a Zanaga Iron Ore share price re-rate is the confirmation of DRI-grade pellet feed and securing strategic investment or offtake agreements. Analysts expect this could occur between late Q4 2025 and early 2026, depending on test results and partner negotiations.

Re-Rate Catalysts for ZIOC

1. Confirmation of DRI-Grade Ore

- Why it matters: DRI (Direct Reduced Iron) feedstock is in high demand for green steel production.

- Status: Initial lab tests are complete; bulk and pilot-scale testing could begin by end of 2025.

- Impact: Could add $6 billion to project NPV, dramatically increasing ZIOC’s valuation.

2. Strategic Investment or Offtake Agreement

- Why it matters: A committed buyer or investor validates the project and unlocks funding.

- Status: A six-month lock-in by major shareholders (until Feb 2026) was requested by a potential strategic investor — suggesting active negotiations.

- Impact: Could trigger full funding, JV formation, or equity-linked deal — all of which would re-rate the share price.

3. Feasibility Enhancements

- Pellet Plant Feasibility: Adds ~$1B to NPV; leverages Congo’s gas and power surplus.

- Logistics Redesign: Moving to a single 30Mtpa pipeline could reduce capex and simplify operations.

4. Market Recognition of Updated NPV

- Current NPV: Estimated between $1.9B and $3.8B at $115/tonne iron ore.

- Potential NPV: Up to $5.2B–$6B with DRI confirmation and pelletisation.

- Implied Share Price: Could rise from ~8 GBX to 100–200+ GBX depending on structure and dilution.

All credit to CoPilot

Just wondering - how many bopd did the old Atomic team manage to extract from the same fields?

As far as I can see, Smishman is only trying to get some accountability. Those who oppose it have probably been part of the problem - on AM's private email list maybe?
We raised 3 times for CUDA. AM has been talking about long lead items for far longer than they take to procure. Gas gathering system has had working capital allocated more than once. He was frustrated about the bird that would delay drilling to Sept 22 and yet we still have no drill.
AM has not been accountable and needs to be. Most of us want progress. Most of us want to see gains. Most of us wanted Art's re-rate to be positive not 90% down.
If you are a real PI then what is your problem with AM needing to be accountable, responsible and truthful?
Some of the posters are an embarrassment - some were talking about £1+ after suspension and now get excited about 6p buy / sells. These are the guys who have profited from AM. DYOR and IMO.

The financial statement says that we got 3000 CAD for Disposal of Plant, Property and Equipment. I have no idea how much a workover rig costs, but I imagine we made a monumental loss on the A100. Of course, this may be more brilliant deal-making.

Strange, I sent one last week and nothing back from him. I sent one previously to the ‘IR’ email and nothing. Seems being a shareholder is not good enough, you have to be in the gang to get a response.

And more importantly to each one of us invested, the SP is well down.
There is clearly a major issue with the field and seemingly it is not commercially sustainable. We need to delineate and then sell.

On a positive note, the Council of Ministers met in Brazzaville today and the ministry of hydrocarbons was high on the agenda.

HedgeHog, the bottom line is a total comprehensive loss for the period of 1.059m CAD. Their words.
Our turnover was up due to oil and gas pricing but productivity was actually a few percent down in Tunisia. No deals done, despite the word imminent being used over the past 2 years. I wouldn't get too carried away with anything the BoD say.
I'd love to give them loads of credit but you can't say these are good results. In fact I can list things that are up - salaries, travel, acquisition expenses, admin expenses (x12!), professional fees (to who I wonder?).
There really isn't a lot of good in there. Loans up, bonds up, share count up, cash down.
I've had my say now. GLA genuine investors.

Very well said NiceToMichu.
I have filtered the guy who just posts abusive, one-sided ramps. BBs are for discussion and I did ask for someone to point out anything that I may have missed while reading the 56 page report. I am by no means a financial accountant, but I can read a balance sheet and am disappointed with the results. I hoped we had turned a corner and were now making a healthy profit. I look forward to hearing from MarketGunslinger as I hope he has some positives I may have missed.
It is also worth mentioning that a number of activities that have been RNS-ed have subsequently been forgotten about. New drills, workovers and even a drilling rig. I know there is a huge shortage of drilling rigs in Tunisia and we have one sitting somewhere in Iran of all places.
AC (in the faint hope he reads this and gives a sh*t), get on and delver returns on the assets you have already got before chasing further distressed assets.
GLA

The thing is that we couldn't make a profit will oil sales >$100 and now prices are down 20%. Zen need to cut costs dramatically and increase output. Stop collecting airmiles and hotel points and get what we have working before chasing deals. If the assets are truly worth >200m then let's sell them and deliver a shareholder return. The management still can't make a profit in record high prices - they shouldn't be in business.
Watch out for ramps from the usual suspects, who will be licking their lips with the upcoming finance requirement.
AIMO

Hi NiceToMichu, you say the mcap is low compared to the profitability. Can you tell me how much profit the company made in the 6 months please? I seem to read a 1m CAD loss.

Click here. It's not what I was hoping for. All the positive spin can't polish these results. Can you imagine the losses if we weren't in a period of high prices. Indeed, oil is currently 20% lower than the prices obtained in this period, so we must now be losing money on every barrel of oil. Fortunately, we have a lot that is yet to be sold, which begs another question - why is this not sold? There are also a number of liabilities due to expire by Jan 4th. We need another lift (and receipt of funds) or a placing. Lots of 'expects' from CEO's report, but these are mainly the same as before but with an extension. No profit, no deals, 600k (CAD) on travel and acquisition negotiations. 40% increase in salaries.

http://www.rns-pdf.londonstockexchange.com/rns/0681I_1-2022-11-30.pdf

Would love someone intelligent to counter these assumptions please.

It is all about infrastructure, but the investment is coming into RoC and they will need the ore. Whether it is from us or elsewhere is unknown, but I hope we will hear more in due course. In my opinion we have much more tangible news now than in the last period of interest when we 8 bagged.

Almost all projects need development funding and the 5th biggest iron ore deposit in the world is no exception. But there are many suitors. Back in the 2010's there were interested parties and the majority of the funding was going to be linked to an off-take agreement. Zioc were going to need to find about 100m, but this a large proportion of this could come from the UK govt for overseas development. Not sure if this still exists.
The project has many challenges and I look forward to seeing how the new setup deal with them once the acquisition is complete. The biggest hurdle has to be logistics, getting equipment to site and ore off site, economically.
The RoC are looking like they are still supportive, with the SEZ construction.
We have done many feasibility studies trying to reduce costs, investigate micro-mine potential etc. Let's hope that now we have control and that we can make progress.
All IMO and GLA

Hi Jiving, the position is far better for ZIOC now. There was a reason Glencore had the extra share and now they do not.
There have always been a few blockers for the project and one by one they are getting removed. There is so much more, genuine news now than in 2018 when the share went to mid 20s. SEZ is actually being constructed with a focus on 'metallurgy' and an ore port. We seem to have an offtake agreement.
I imagine a lot of news will be coming now and it's very exciting.
GLA

https://pbs.twimg.com/media/DmeXaqLWwAAOH1X.jpg

Hi Extrader,
I’ll try and find it over the weekend. I can confirm that Andrew did confirm that we have an option on land in the SEZ area, but this was last year (when I last had contact).
ATB and GLA

Go back over the investor presentations and you’ll find it. Also had it clarified by the company last year.

Further research shows that Arise IIP, who are spending EUR150m on the SEZ, are going to be developing a 2700 acre enterprise zone and a mineral port. The plan is to manufacture and sell goods making use of Congo’s natural resources. So they are building a metal plant and a mineral port and Zanaga Iron Ore have a designated plot there. Getting very interesting.
I will be reaching out to an old friend in P-N and see what’s going on…
GLA

The new P-N SEZ will employ thousands from 2027 including in metallurgy. i.e. the steel works?
For those new to ZIOC, the plan for land use has an area which ZIOC have an option on.
https://www.agenceafrique.com/38622-la-republique-du-congo-lance-une-nouvelle-zone-economique-speciale-pour-diversifier-son-economie.html
GLA