Member Info for Driving

I have emailed the company inquiring to the identity of

The 14,380,953 shares at a price of 5.25 pence per share.

As detailed in the recent RNS.

May I suggest there follow suit?

Gla.

Ex-Well that’s tranche 3&1 complete!!

I’m in agreement with Nibj on the other board,

“Rather have placement done at a 20% discount than drip fed over a prolonged period of time(weighing the share price down).

We should get back to the 7-8p trading range before weeks end.

Overall strange feeling, down on the day, but feeling more positive than ever!

Gla.

Jiv- waiting on EOD to answer that question..let’s see how many black/late trades get reported.

Ps good call on the “running on fumes”.

Gla.

The stars really must be aligned..me & s86 are in complete agreement!!

Gla.

Mm64- 100% the share price was knee capped to get the discount placement away.

What’s done, is done..trust me it could have been a whole lot worst!!

As to the level of dilution, it’s trivial (7.3%approx)(assuming the further 2 tranches are indeed issued) definitely not a given.

Moving forward I expect we are in the “golden quarter” and that things will be concluded before September 30th.

Gla.

Ex-interesting thought.

Makes sense since the previous 2 tranches were traded as large black trades.

So I guess we are waiting on a 6m(ish) black trade to conclude the placement, then off to the races!..

Gla.

MM64- a very idealistic view.(the real world works on the pretext of more 4 less(more for them/less for us).

Why would Elphick/Glencore care about todays share price/value of their holdings, when they already know the final sale price?

Gla.

Mm- a very good summary.

Who do you speculate acquired the 14m shares?

Ps-Just for the record you called me an idiot for suggesting that glencore would convert the loan to equity.

Still got a gut feeling glencore are about to reveal their hand…

Gla.

Nibj-

We have not been provided with that information.

We may not find out, as below the 3% mandatory reporting requirement.

Lucky(inside)bastard(@5.25p), Whoever they are!

Gla.

Have added to maintain my holding.

Nothing surprising today.

It has always been my belief that glencore would convert the loan to equity.

There really is nothing to prevent the board now getting a deal over the line.

Gla.

Well it’s seems we can look forward to upto 48m shares first..

So much for “small free float” LOL.

Gla.

Takeover will be between 10-20% of NAV(pending what stage of progress we are at).

I actually believe all these shenanigans have been about whether it’s 10%, or 20%.

Guess we’re find out soon enough, hopefully we will be more informed post the intern results(due coming Monday I believe).

Gla & have a great weekend.

Ps bear- no I won’t be selling @20p, I will wait for the above.

Mitch-let the rampers, ramp.

They are inconsequential to our impending jackpot.

Wake me up when the black trades reappear.

Gla.

So close to finishing up on the day!!

I suspect there will be some large black delayed reported trades!

One things for sure tomorrow will be fun..

Gla.

Will be interesting indeed if we can weather this “gust” and finish the day up..

Nothing changes the fact that we a multi billion asset trading for pennies on the dollar.

Gla.

Gla

Even when removing,

“Although there is no formal deadline, a deal is expected within a few months, according to an insider”.

It was still an excellent write up, and certainly the most bullish piece I’ve ever read about Zioc.

Maybe the share price will continue to surprise us all..

“Climbing a wall of worry”.

Gla.

I believe we are looking at 2 possible scenarios-

1- There is a deal close, and if they didn’t rebuff any talk of “insider trading”, then it could potentially scare of the investor(s)from completing.

As it would be investigated/scuppered.

2- The auction is closed(we did not receive a acceptable offer), and the board has made the executive decision to begin going down the route of developing the mine(which will only increase the minimum acceptable price, as development moves closer).

Probably some short term frustration/SP pressure, but hey ho…welcome to Zioc!

Gla.

MD- if you mean by leak, what’s stated in the write up from yesterday?

“Several companies are reportedly interested, ranging from those considering a consortium stake to others looking to acquire Zanaga entirely.

Although there is no formal deadline, a deal is expected within a few months, according to an insider”.

Gla.

Glencore International AG 286,340,379 44.39%

Guava Minerals Limited1 79,907,592 12.39%

Keith Everitt 17,270,000 2.68%

Me(Driving) 6,500,000 1.0001%

Nibj. Xxxxxxx Min 1%

Gla.

For any looking in here..

https://www.thisismoney.co.uk/money/markets/article-13563755/SMALL-CAP-IDEA-Zanaga-Iron-Ore-48m-company-multi-billion-pound-asset.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html

This article mirrors exactly my feelings and advice to many a friend who I have recommended to invest here.

Gla.