Member Info for marcusg71

Wow how many negatives in one post!!

👀

Let’s face it everything we post here is conjecture and we will only know in good time via company RNS what the plans are going forward.

Having said that momentum is our favour and it wouldn’t surprise me at all if we touched 15p this week.

Have a great week.

Great way to end the week MM.

Not sure Glencore would be happy with that price.

The facts as told by the company in RNS’ and the website is that “The capital cost is estimated at $2.2 billion including contingency.”

They have said in the RNS Annual Report that “Guidance provided by Chinese EPC Partner that potential capital and operating cost savings of more than 20% could be achieved.”

That is potentially a $440m saving.

And people are saying we won’t see £1 a share, now that’s deluded.

Love the last paragraph Jiving 🙌

After all, many major mining assets that are not listed, change hands at prices based around project valuation that can reach $ billions - Simandou being one example in the same sector as Zanaga. Its also noteworthy that the 50% of the Zanaga mine that was listed in the IPO in November 2010, was for an exploration asset that was in a far less developed state than it is currently. That was listed at 156p a share giving a market cap of £437m or double that for the entire 100% of the mine ie £874m - at the then FX that gives a valuation of almost exactly $1.4 billion. The all-time high (from a brokers report, maybe intraday) for the share is 222p or a market cap of £621m, double for 100% so £1243m & a USD valuation of over $2 billion. So historically the Zanaga mine (in a pre development state) has already been valued by investors as high as $2 billion! This surely leaves open the possibility that major global investors could value it at or above those levels today & that the 2 key holders/negotiators of 58% of the share capital would seek a valuation at or above that level?

We are looking at a reduction in capital and operating costs of 20%+.

As per the annual results RNS:

Guidance provided by Chinese EPC Partner that potential capital and operating cost savings of more than 20% could be achieved.

Not sure what’s happening this morning with the sp, but it’s a great time to top up if you can.

Great post MM.

FWIW I think Zanaga will have the EPC costings by the time of the AGM in November.

Things are moving fast. $$$$$

Not sure why people would be selling at this point, but I get everyone has a risk/reward profile, but after many false dawns we are finally on the cusp of something special.

Stock is being bought in chunks and is squirrelled away for the main event.

These are shares that are not coming back to the market.

Big volume days ahead with a few lulls whilst we churn through shares.

Good to know feeks 👋

I’m pretty sure we’ll get there soon nibj 📈

Year highs are coming soon

Don’t forget Xstrata spent over $300m proving up this resource.

10p for starters in the morning.

Can only see it climbing now till EPC partner recosting.

Https://www.investegate.co.uk/announcement/rns/zanaga-iron-ore-co-ltd-di---zioc/issue-of-equity/7791763

Up 60%

I’m hoping to see £2 -£4 per share.

Not inconceivable given the resource and the stampede to get green steel projects up and running.

Nearly 40% up and 8 posts!!

You can see the derampers have given up the ghost. They know there’s no point posting now.

Looking forward to year highs soon.

End game soon!!!! 🚀

Massive few weeks and months to come!!

This is going to break some serious AIM records from here.

GLA Genuine Long Term Holders.