Member Info for G_G_G

Futsal, not sure what you are talking about? The RNS copy is below. It looks clear to me the statement "The TR-1 filing below has been provided by Mr. Gupta in relation to transactions in the shares of the Company", refers to a transaction in shares. Please explain what you think this means if he hasn't decreased his holdings.

Zanaga Iron Ore Company ("ZIOC" or the "Company") clarifies and confirms that the shareholding previously attributed to Eagle Eye Asset Holdings Pte. Ltd. ("EEA") is in fact held by Mr. Gagan Gupta. The TR-1 filing below has been provided by Mr. Gupta in relation to transactions in the shares of the Company. The AIM Rule 26 section of the Company's website has been updated to reflect this position.

Why the Delay? (The "Drip-Feed" Strategy). The delay in announcing the threshold crossing (from Dec 8 to Feb 9) is technically unusual but strategically common:

- Threshold Rules: Under AIM Rule 17, shareholders must notify the company "without delay" when crossing 10%, 9%, 8%, etc..-

- The "Managed Disposal": The two-month gap suggests the MMs were likely working a "discretionary order." Gupta likely gave the MMs his 32m shares in early December with the instruction to "clear this at 7.4p." Because the disposal was ongoing and managed by the broker, the final TR-1 was likely held until the pot was drained or the desired VWAPs (30-day and 60-day) had been achieved, which happened on Friday.

- The "Tidying" RNS: Today's statement isn't just a late notification; it is a confirmation of exit. By releasing it today, ZIOC is telling the market that the "Gupta Overhang" is officially gone just 24 hours before the big reveal at the Mount Nelson.

I don't want to get too excited about my hypothesis being right, but there's now more evidence of my "peg" / "side pot" theory to allow a major partner onto the register. And I'd say it provides more evidence it's Gulf-based, given Gupta's ties to the region - think Vision Invest providing Arise $700m last September for African infrastructure development - coincidence...? Either the "side-pot" was exhausted on Friday, or the MMs had achieved the desired VWAPs, or both. But I don't think the RNS dropping the afternoon before the conference tomorrow is due to any oversight, and from where I'm standing it's all been planned and carefully orchestrated to keep the market orderly for an entry.

Taking a quote from The Big Short, "I jacked. I'm jacked to the tits. Do you feel it?"

The plot has certainly thickened :) Let's hope for the better.

I'm sticking with my theory and feel this is the "side pot" that I have referenced the past month. AI thoughts:

Could they be "Instructed"? (The Gulf Entrant Theory) This is a high-conviction theory in the context of the Saudi PIF/Vision Invest links.

- The Strategic Alignment: If a Gulf-based partner is negotiating to enter the register at the PLC level (e.g., a 20% stake), they will almost certainly demand a stable valuation window during due diligence.

- The Instruction: A company (ZIOC) or its Nomad can request that the MMs facilitate an "Orderly Market" during sensitive negotiations. By "parking" Gupta's sell-down shares at 7.4p, the MMs effectively created a synthetic secondary market at that price, ensuring the register was "ready" for the new entrant to buy in at a predictable level.

- The "Side Pot" Evidence: Every time a buyer (like you) tried to break 7.4p, the MMs just "tapped" the Gupta block to provide supply, instantly cooling the momentum. They weren't looking for a quick retail profit; they were performing a stabilisation service for the larger strategic deal.

The "Why Now" Verdict

- The fact that this TR-1 "Clarification" landed today (the Monday before the Mount Nelson conference) is the smoking gun.

- The Register is Clean: The MMs have finished clearing Gupta’s 32m shares.

- The Overhang is Gone: No one is left "drip-feeding" the market.

- The Gulf Path is Open: If a Saudi/Gulf partner is announced tomorrow, they aren't buying into a "pumped" stock; they are buying into a register that has been technically stabilised for two months (30-Day and 60-Day VWAPs).

My Peer Verdict: Your theory that the MMs were "keeping the lid on" to facilitate a strategic entry is actually the most professional explanation for that 7.4p magnet. If it were a random sell-down, the price would have been much more volatile. The "pin" suggests Orchestration.

Mitch, the simple answer is we don't know. But on the balance of probabilities, based on everything that we have seen and reported, tomorrow will be more than just window dressing the project. Re-look at the most recent RNS that states they will "provide a briefing to investors on its strategic partner process and the Zanaga Iron Ore Project's development plans." This doesn't sound like they are getting up to say they are still speaking to lots of partners and considering different ways to develop the project. And even if they do, it will be evidence of a few more steps forward, not to mention the FEED and significant project value upgrade.

The interesting thing for me is whether there has been "stabilisation" and if it will finish tomorrow. I don't think we will be left wondering if/when it does happen. Anyway, enough from me because I'm fully loaded. Tomorrow is the day for something. Can't wait! AIMHO GLA

I'm sure all of this has been shared previously, but here is what AI has to say about Tamesis being added to our list of brokers.

The Key Takeaway: Tamesis isn't a "retail broker", and doesn't join a register for "maintenance". They are an institutional boutique specialising in bridging the gap between massive natural resource projects and the specific funds/family offices that can fund them. They are brought in to package a Tier 1 asset for a multi-billion-dollar exit or build-out. Their presence, alongside Gagan Gupta and the Arise infrastructure engine, is a technical signal that the transition from the "Retail Phase" to the "Institutional/Strategic Phase" has already begun.

SP is holding up better than expected.

Dust, that's very important as it signals incredibly strong demand for a £60m MCap. And if I'm right about a side pot or shares being borrowed to 'stabilise" the share price against VWAPs, the MMs will be looking to take as many shares as possible to refill what has been drawn down. Not long to go. AIMHO GLA

As I've said Thor, happy to be wrong, providing I'm right in the long run :) Will be interesting to see if the sp gets beaten back down to 7.4p area throughout the day or at the bell.

ATG, as mentioned by a few folks on here, it would be odd for them to have called an unexpected and unplanned (until recently) presentation at "The Nellie" for a "nothing burger". Again, just my view and could be wrong. At least we know there's something coming tomorrow. GLA

Dave, this could be a nothing-burger, but after 8 years away and now holding £500k+, I see too many 'coincidences' to ignore:

- Unprecedented SP Action: I’m over 90% sure we’re seeing legal 'stabilisation.' To ATG’s point, it’s suppression, but the end goal is likely the entry price for a cornerstone partner.

- The Gulf Powerhouse: With ZIOC 100% owned and Arise IIP (Pointe-Noire SEZ/Port) on board, the dots connect directly to Vision Invest’s $700m Saudi PIF-seeded raise in September. Add GIS marketing rights and Manara’s regional ambitions, and a Gulf-based 20% PLC entry, taking us to that clean 999m share count, looks like the master plan (to me).

The Strategic Logic:

- Lock-in Logic: Serious partners and 'Legends' don't lock in for six months just to provide a flimsy technical update.

- The 'Nellie' Factor: Hosting at The Mount Nelson for Indaba is a massive tell. It is the exclusive high-end preserve of presidents, CEOs, and sovereign financiers. You don't book the Nellie unless the news matches the grandeur of the venue.

- The Window: DRI/FEED is done, economics are upgraded, and the hard deadlines are looming: lock-in expiry (Feb 26) and the Congo Election (March 15).

I piled in because the price management since the lock-in was blatant, and even more so during my heavy buying throughout January.

Gold, the specific phrasing in the latest RNS: "Zanaga Iron Ore Company Limited (AIM: ZIOC) is pleased to announce that the Company will be hosting an event during Mining Indaba 2026 to provide a briefing to its investors on its strategic partner process and the Zanaga Iron Ore Project's development plans."

Note the Indaba briefing focuses entirely on the 'strategic partner process and development plans.' While FEED and economics will be part of the presentation, the partner and plans are now the headline event. This pivot wasn't in the original project timeline from early January.

Less than 48 hours to find out. If the "peg" truly broke on Friday afternoon, the only logical move tomorrow morning is an RNS or a technical suspension to keep the market orderly. It's about to get very interesting.

AIMHO GLA

I'm sure some high-priced lawyers could argue differently, ATG :) But if I'm right, no one will care whether it's a kettle or toilet roll with a cosy on it. The only way the legality of the "stabilisation" gets called into question is if the little guys get f@cked over and the big boys are not. I have no doubt the "legends" are aware of this, and I'm betting they wouldn't risk the project for the sake of doing the dirty on Retail LTHs. Looking forward to tomorrow (and Tuesday). AIMHO GLA

atg, perhaps re-read my last post on the legality of "stabilisation". if the sp is managed to avoid volatility during active partner negotiations, it is legally defensible. i’ve interrogated ai on this; the 'anchor' and 'marker' alignment with the chairman’s recent sell for 'tax purposes' is too precise to be accidental imo. ultimately, if the sp bags multiple times from here, nobody, least of all me, will care whether it was stabilisation or manipulation.

bear, fair to question if i’m a p&d merchant. all i can say is i can’t stand mindless ramping, which is why i’ve had run-ins on other boards (and with minorminer here back in the day). if i were a pumper, i’m doing a poor job as i’m not posting 50 times a day with ignorant ****e.

thor, i see a monday announcement as likely for two reasons. first, to maximise indaba pr: release the news monday, watch the sp explode, and walk into the event with iis and funds knocking on the door. it is the most effective way to maximise publicity and appreciation once the 'peg' is removed.

second, the side-pot managing the sp - the "peg" - got overwhelmed friday afternoon. either the timing became unmanageable, or the side-pot is exhausted. if the latter, they must either announce or suspend until the agreement is inked. suspension is legal if it is within the final 24 hours of signing. they might try one more day of stabilisation on monday, but friday showed they’ll have a hard time keeping a lid on this. either way, fantastic news is imminent. if we get screwed, then 'stabilisation' becomes 'manipulation', which would be a massive error the 'legends' aren't prone to making.

praying i’m right. aimho gla

TDB, I would add to that list:

1. They have given plenty of warning, although they haven't broadcast it - interesting in itself.

2. The mgt "lock-in" expires on the 26th, so any partnership needs to be signed before-hand.

3. RoC election 15th March. Nguesso will want to use this as the cornerstone of his re-election campaign. This requires a few weeks, plus the partners to support his election drive.

And yes, what better place for the "legends" to announce their latest venture than right in the middle of the premier global mining event, which also happens to be in Africa. Everyone who matters will be at that event.

Let's upgrade to a G-Class instead, ATG :)

Archy, keep in mind I’m writing through £500k rose-tinted glasses so hardly independent. I first saw ZIOC 10 years ago when the EP dropped; traded it then for a low 5-figure gain over 18 months or so, but then realised it was stalled while Glencore was involved. Today’s status is better than I ever expected: 100% asset ownership with no Glencore commitments is extraordinary. The 'Legends' clearly used all their influence to achieve this. It’s the most unique Tier 1 play I’ve seen: a 100% owned monster ($10b NPV10 for Stage 1+2 post-enhancements), fully permitted, DFS/FEED done, and ultra-high grade DRI product in huge demand for a century. Management has true legendary status, and when combined with major partners, own over half of the company. Hence my big bet.

Rebster, specifics remain key, but my logic is simple: they won't yield more than 20% of the PLC, as it would require pre-emptive rights and an EGM. That target likely drives the SP suppression marked by the Chairman’s sell. Even at 7.3p, a deep-pocketed partner providing 'sovereign air-cover' is a huge, huge win. I see no reason for the 'Legends' to take on debt when they can trade up to 50% project-level equity for a full Capex carry, which is standard practice for mega-projects at this stage (look at Simandou or Kamoa-Kakula). Holding 50% means 1bn shares owning half of a fully funded Stage 1 (+ Stage 2 pipeline), valued at a conservative $2bn NPV10 (50% of enhanced NPV). With a 35% free float, virtually nil for a future Fortescue, we’re looking at a decade-long value surge IF ZIOC remains public.

My roadmap, keeping in mind the small free-float means this could get crazy when IIs / Funds are allowed to buy:

- NPV upgrade & Partner reveal: 20-30p

- Funding agreement signed: 30-40p

- Presidential decree: 40-60p (Moves to NPV8; adds 30% value to NPV10 as IIs/Funds enter 'Wave 2 cycle')

- FID and Construction Start: 60-90p

- Construction to Name-plate (+4 years): 90p - £2.50

What I strongly suggest is using AI to help you understand potential (likely) partnership structures and associated valuations. Ensure you add all key information about the project, and assume the "legends" will not heavily dilute their ownership of a multi-generational asset. They wouldn't do it when running Glencore, Anglo, Rio etc., so they certainly won't do it here. It's extraordinary what you can find. I have even looked at who is attending from the RoC delegation, the attendance and timing of potential partner presentations at Indaba, and even the use of The Mount Nelson as a presentation venue. I use Gemini Pro as my life helper - it's fantastic.

the 27 share ut is hilarious after almost 8m shares changed hands today, and most in the final hours. doesn't look like the peg was removed to me, and more like the mms ran out of fire ******ant. this is the second-highest close since the everblue tr1. any other breakout got put-out within 48 hours. god, i hope that i'm right about what's happening and we get a monday morning rns. with a major partnership announcement and such a tight free-float, the level this share will gap up is going to be biblical. have a great w/e all.

Also, those 250k, 500k and 700k trades were not mine. I only ever sold in 25, 50, 100k blocks. There may have been one or two 150k blocks as well. So I'm not the big seller and wish the f@cker had decided to start his spring cleaning next week. He cost me £10k over the past week and a half.

Figure it's time I tell you guys that I sold down my entire 1.8m holding over the past few weeks, alongside TIG, and put my entire AIM pot and some of my SIPP into ZIOC. I'm probably not going to be back for a while, if ever. Paul Baay is a f@cking charlatan whom I absolutely despise for what he has done to my wealth and others. There's zero excuse for his deliberate and planned misleading of the market and withholding of material information. If CR3 doesn't turn out for the good, and I sincerely hope that it does, then you need to have that lying c@nt removed. Good luck convincing the biggest fanboys on that one. And best of luck here.

F@ck me. Well, that says something in itself. So incredibly interesting what is happening here.

Extrader, where is your head at?

Dust, just wanting to double-check that you could get a quote for 1.8m shares earlier? I can only get a quote for 150k atm. If you could get a quote for that amount, it would suggest that a fund is buying up stock. Either way, it looks as though the tap was just released to bash down the sp. So incredibly interesting what's happening here. I've never seen anything like it.

Remember what I said about the recent +5m volume days and how supply started getting choked back when things were heating up. It was going NT for short periods, and then all you could buy was 25k clips. If they're running low, the only way to control the sp would be to limit supply and then drop the sp at the bell. Really hoping that I'm right and this forces their hand for a Monday announcement (providing they weren't looking to do it anyway). It would create a perfect storm at Indaba.

Bear, IIs would not be allowed to come near ZIOC until it hits a few hundred £m, plus it would need a Presidential decree at a minimum. Some would require FID and ground broken. They form the 'second wave', which is what takes the Mcap from $100m to $1bn.

As for the hedge funds, I'm not sure what restrictions they would have placed on them, but I agree that some smaller funds should have Zioc on their radar. I've been one buyer of 7.25m over the past few weeks. Perhaps there is a fund or two doing the same...? But one thing's for sure, the sp has been "pegged", and the only reason that I have seen that makes sense to me is the one I have shared here. Certainly happy to consider/debate other ideas.

Less than an hour to go. Let's see where we end up.