Member Info for Driving

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.

Bear- thanks for this..

Gla.

Ff

Nibj-haha.

Couldn’t be further from the truth.

Largely agree with what’s been posted on here, in regards to the podcast.

We are much closer to finally becoming more than just a field in the congo(and progressing towards becoming a mine)(that will throw off £billions in profits every year!).

With all the caution of Martys podcast, in relation to timescales,and the need to not over promise, and maintain integrity. He then stated FEED WILL commence before end 3rd quarter 24(September!).

agree with s86 that whoever IS funding the £22m needed for the FEED, will likely be our strategic partner, and will fund us through the mine development(nobody gives away £22m for nothing).

I am uber bullish that post us securing the £22m this will be epic, and finally be the catalyst that propels us to “fair value”.

Gla.

Beginning to wonder if my 20p target will ever be seen!!!

Come on board, get that juicy gold sold..

Gla.

MM-Makes perfect sense & I stand corrected.

As the market is always forward thinking perhaps anticipating the release of the 3rd tranche is pinning the share price somewhat? Seems we are stuck slap bang in the middle of the price the previous 2 tranches have averaged at.

We really shouldn’t be trading at a £50m market cap, I would argue a £500m market cap would be ludicrous cheap pre-strategic parter announcement!?

Something has got to give.

Gla.