Member Info for Driving

Well put jiving.

And this is why we are here, is it not?

However don’t worry too much about Institutional investors returning, it’s too late for that!(IMO).

We more importantly have an incoming Strategic partner(s)(IMO), who will be “swallowing up any free float they can get their hands on, ahead of development.

It’s all coming together nicely..of course IMO.

Gla.

MM- we are broadly on the same page..a price to exit @£xp incoming, with the choice to stick around for a higher price @£Xp (post development)..

The main Aim of any incoming Strategic(s) would be to reduce “Free float”(PI’s), and perhaps consolidate as larger a percentage of the pie as they could.

Whether Glen will be selling out at such an early price, we will wait and see?

Ex- I’ve since exited the restaurant industry (yeah)..and am in the process of moving!..but am keen to catch up with all the great Zioc LTH’s..maybe we could arrange something post “payday”(please be 11th!)..at a mutually convenient location?

I am considering attending the 11th, but am waiting for confirmation of the “finer details”.(maybe we could grab a beer in the “big smoke”?

Good to see all options being shared..long may it continue.

Gla.

Mitch- just my opinion here,

A strategic partner comes in, we issue 40% new equity at £xp(thus providing funding(towards)stage 1 construction. They simultaneously make an unconditional offer for all outstanding equity at £xp.

The upcoming investor meeting is to brief us all of where we are upto(and obviously announce the above), thus the board has fully briefed us so we can make a “independent “ decision as whether to sell our shares(or not), and more importantly the board would therefore not need to make a recommendation to its shareholders (that Mr E/glencore were not minded to take up).

That’s my take on what’s about to happen, and the workaround for the board not to have to make a recommendation they may not be personally minded to accept.

*All shareholders being equal and the board to act in all our interests equally.

Viola we have instant achieved IPO price(and then some)!

Gla.

Mitch- the simple metric of us being priced as a Tier 1 asset(about to be developed), as opposed to a “green” field in the congo(abet with a world class asset underneath) will do it?!..

This seems to be about to happen..IMO

Gla.

Ex- Gemlin- it was just someone trying to pump another stock…if I remember correctly.

Ps-absolutely agree Fortescue are likely to be involved.

We mustn’t forget that whoever comes in will need to have “good relations” with Glen(they do after all have a strong say in matters).

Gla.

And surely we need to given some notice of time/venue/agenda?

Gla.

Star B/jiv

Don’t get to caught up in the Rio/Glen merger news, and miss the bigger picture..the world needs ZANAGA

The geopolitical implications to Australia (and their mining giants), of rapidly declining grades are dire!(unemployment/reduded Gdp/global influence ect)

It Can only be a matter of time before we finally start getting a “direct mention” in mining circles..

We have been dormant for so long, but getting a feeling that is about to change dramatically…!

Gla.

Matt- thanks for this.

Well it’s all in the headline,

Rio would love to get their grubby little hands on Zanaga, they would then have the 2 largest high grade future iron ore mines on the planet(talk about a monopoly!).

Regardless of whether the merger takes place it has put the diminishing grades issue right at the center of future iron ore production..we have the highest grades on 🌍 .

I can imagine a scenario where potential strategic partners deliberating on Zanaga becoming nervous of losing out over a few quid here or there.

If RIo directly/indirectly get their hands on Zanaga it will never become available on the market EVER again, at ANY PRICE.

In this environment there is IMO absolutely no chance we ain’t getting developed..

Soon to find out soon..

Gla(can’t help but feel a little excited!)

Glen have held on here for a very long time, there must be a reason for that(the amazing resource that is Zanaga).

I see them wanting some level of control/influence in making sure Zanaga comes on line(thus rewarding them with their offtake/royalty(whichever is agreed upon).

I agree they are not a developer, and would probably prefer a minority backseat position.

My first choice is a complete buyout of all shareholders on equal terms(and this should be a given in accordance to the company’s articles/structure).

By what we have been lead to believe from the company, a strategic investor is the desired route, but that would require them to purchase a stake through newly issued equity, so the company can receive the funds necessary to develop the asset($2bn ish for stage 1).

Simply buying out Glencore(or indeed us(PI’s) only puts money into our pockets, and does not fund the companies coffers (for the necessary development).

Anyhow all shall soon be revealed.

Gla.

I think the more likely scenario is where we(PI’s) get brought out, and glencore develops alongside a Strategic partner on equal footing costs?

After all, will still need $2bn investment to develop stage 1.

Gla.

You’re either in it, or you ain’t..Simple’s..

This is what we’ve all been waiting for for so long, so just sit back and wait for the companies update(s)..we will get more news as we approach the big day, and inevitably spikes and drops as we go(with a strong upside bias).

Please try to control one’s emotions in the interim, and accept the pumpers will pump, and the dumpers will deramp., it soon will make no difference..

Honestly from my understanding those that hold will soon be rewarded.

Gla.

As a result of the planned corporate update the Company will be hosting an event in London on Tuesday 11 February 2025 to provide a briefing to its shareholders (the "Investor Event").

More detailed information on the Investor Event will be announced shortly.

Define “shortly”…

In theory should get an update before close Tuesday (min 28 days notice of venue ect)…but as with all things Zioc…

Hopefully the news/info will be substantial enough to see us rerate and leave these pesky single digits long behind.

Gla.

Vet-did just that

Added 109,020.

Gla..

May I enquire whether you have received any correspondence from the company, in regards to you attending on the 11th?

TIA.

M71,

I agree it’s gonna be company defining.

Now until then(11 feb), is just noise(and hopefully an ever appreciating share price)..

Feeks - we all want the same thing, some of us will hit our targets before others.

I for one will not sell until buyin/buyout announcement.

As for the 11th Feb https://www.lse.co.uk/rns/ZIOC/corporate-update-and-investor-event-687vgktgajxezsy.html

I believe we will be updated on something the board wants us to vote on(or down).

Exciting times..may we all have our dreams fulfilled.

Gla.

Afternoon Shaun,

I was talking more about this https://www.proactiveinvestors.co.uk/companies/news/1062603/zanaga-iron-ore-secures-game-changing-port-partnership-re-risking-milestone-1062603.html

I think it was very reactionary, kind of defensive in nature.(it’s obviously acted to push the share price up..and long may it continue).

Also I’m quite enjoying being 200% up again

Ps I hold north of 6m(just for the record).

Gla.

NKOTB- does fell like the Investor presentation was in some ways an effort to “defend the share price”.

My inking is also that an offer the board/glencore find unsatisfactory is circling.

Meanwhile let the rise continue, in the name of defending all our interests.

Gla.

Dr R..a old “friend” from OMI..

It definitely will not be “at these levels into February”

For a company that has kept us in the dark for most of 2024, to suddenly come out with bold statements of intent…come on man, “do the math”!

Please (re) watch.

https://www.proactiveinvestors.co.uk/companies/news/1062603/zanaga-iron-ore-secures-game-changing-port-partnership-re-risking-milestone-1062603.html

Wouldn’t be surprised to see a few “share tip” write ups over the weekend..zanaga being a few “gurus” stock pick of 2025?..

Bit of a “no brainer”, really, isn’t it!?

We are getting close to a technical breakout as well, wouldn’t want to be out of this over the weekend, especially as Monday will be the first “real” trading day of the year.

Gla..it may have taken a 12months delay, but looking like it’s sure gonna be worth it.