Member Info for marcusg71

Oi oi 👀

Share price movement

Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM: ZIOC), notes the recent share price movement and is aware of a press article referencing a potential strategic investment in, or acquisition of, Zanaga within the next few months. The Company is always exploring potential strategic options in relation to the future development of the Zanaga Project and regularly engages in early-stage discussions of this nature but is not currently in active discussions around a transaction of any nature at this time.

The publication of the Company's 2024 Feasibility Study cost update in March 2024 resulted in a number of potential strategic partners engaging with the Company to better understand the Zanaga Iron Ore Project. These discussions remain at an early stage and there can be no certainty that any transaction will materialize.

I was hoping for more like 35 times

Irrelevant to Zanaga then.

2nd on the share risers leaderboard.

Marty is even liking posts on X with the article.

https://x.com/shareszen/status/1805275913753362822?s=46&t=z4xNhdJMfh7lQTckBCIJuw

Good start this morning but still way way way undervalued.

“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.”

Thanks BD.

Who’s the insider??

The updated feasibility study offers potential strategic investors a wealth of new information.

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.

Nil poi

Interesting timing after Marty’s visit to China last week.

https://x.com/pr_congo/status/1796525873421791333?s=46&t=z4xNhdJMfh7lQTckBCIJuw

I’m of a similar thought process Vet10.

I think we are on the home stretch re Strategics.

Maybe they are going to everyone who’s shown an interest and then it’s down to the business of listening at offers to move it forward.

I don’t think share holding is for you.

Do something you can get some enjoyment out of. Life’s too short to be unhappy.

Cheer up MerMillions, get down the boozer later and have a few drinks with your mates. 🍻

The time is nigh.

Thanks MM, brilliant stuff 👏

Game on!!!!!

Thanks MM, interesting to hear your thoughts on Tranche 3.

50p pffft, £5 all day long!! ✊🏻

Looking at his posting history sushi is the only thing he loves 😀

The rest of the article

DECARBONISATION

Within that supply picture there are likely to be several factors of rising importance, namely what type of iron ore is likely to be most sought after in coming years.

Steel production accounts for about 8% of global carbon emissions, and about 16% of China's total emissions, making efforts to decarbonise the industry vital to the net-zero goals put forward by most countries and companies.

The low-hanging fruit for steel makers is to use better quality iron ore in the process, as this increases the efficiency of furnaces and also limits the need for sintering, which is the process of using heat to agglomerate iron ore fines for use in a basic oxygen furnace (BOF).

Chinese steelmakers at last week's event in Singapore were keen to show their commitment to reducing their carbon intensity, while still using much of their existing technology.

This makes sense for them as much of the steel mills' capital equipment is relatively new and has a long lifespan ahead.

One way the mills see to reduce carbon emissions is to use higher-grade agglomerates such as pellets and hot briquetted iron (HBI).

It's possible to upgrade iron ore fines, even lower grade material, into pellets and HBI, and it's furthermore possible to do this using a green energy source such as hydrogen, or a less polluting than coal fuel, such as natural gas.

Major iron ore miners are already taking steps, with Brazil's Vale (VALE3.SA), opens new tab advancing plans to build hubs in the Middle East to produce HBI using natural gas.

There are also studies underway to use green hydrogen to produce HBI in Western Australia, where top exporters Rio Tinto (RIO.AX), opens new tab, BHP Group (BHP.AX), opens new tab and Fortescue Metals Group (FMG.AX), opens new tab have mines and port facilities.

The likely issue is whether the cost of making higher-grade material can be recovered through more efficient steel production, or whether some form of carbon taxes is needed to make the process viable.

The opinions expressed here are those of the author, a columnist for Reuters.