Member Info for marcusg71

Massive news!

Great find mr nayfarn. Completely overlooked by me and I presume others on the board. Thank you

“We then apply a 90% haircut to account for financing and execution risks arriving at a risked NPV of £480m, equivalent to 60p per share, representing a 500% increase to the current share price.”

Be interesting to see what they give as a valuation after finance has been agreed. Hopefully there will be a timescale given at the investor event for financing.

Look out for the bigger delayed trades again today. I saw at least 5 yesterday totalling 1.8m shares.

Dont sell too cheaply and take of any stop losses!! Deeper pockets are going fishing for them.

Those looking for reasons as to why Glencore sold should have a look at the other board.

https://www.lse.co.uk/ShareChat.html?ShareTicker=ZIOC.GB.PL&share=Zanaga-Iron-Ore-Company-Limited

Eh, they’ve just bought out Glencore’s 43% shareholding, why would you pay more?

If Zanaga secures funding without dilution, the share price could at least double or triple from Shard’s 60p valuation, with upside potential depending on execution and market conditions.

The price would have been agreed long before now and probably at the same time RoC used Trafigura to pay off the Glencore loans in full of $349m.

Or think of it like this.

Sir Mick Davis was CEO of Xstrata when they 50% owned Zanaga. Xstrata spent $350m on proving up the resource to gain the 50% share.

Mick received £75m when Xstrata merged with Glencore to step aside.

He’s now used some of that money to buy back into Zanaga as an individual.

What does that tell you??

1.2m shares hoovered up in 4 transactions this morning.

Https://www.youtube.com/watch?v=YzqEfl6MDUc

Ha ha who said I use it to form investment decisions. I use it to do all manor of things. One of them being research on shares.

You should try it sometime.

BTW how’s your anticipated 3p entry coming along as the company now has funds for 12 months plus??

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Error 2

You can’t argue against ChatGPT, so you attack the poster.

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Error 1

‘I have a long position’

No you don’t, otherwise if you thought it would go lower you’d be losing money!

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Massive news on the other board. A PIF backed company has possibly come onboard as the Saudi investor!!

Wow!!

Massive news!!!

A powerhouse of new investors!!

The only place you’ll get any answers is at the investor event, 2 weeks tomorrow.

https://www.eventbrite.co.uk/e/corporate-update-from-zanaga-iron-ore-company-limited-tickets-1248047747409?aff=oddtdtcreator

Yes that’s his dad

I’d wager not many if any at all.

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