Member Info for marcusg71

Might as well all pack up then. Last one to leave turn the lights out.

Not sure the investors associated with Zanaga are looking to do a runner. These are serious industry heavyweights, not some back street Delboy wannabes.

Yes Dustfilter, and as per ZIOC 18th March RNS:

During the process of conducting ZIOC's equity fundraise (the "Fundraise") announced on 3 March 2025, a number of the investors have been engaging with the Company in evaluating these value adding opportunities. Subject to the closing of the second tranche of the Fundraise expected on 26 March 2025, the Company will be in a position to rapidly advance the workstreams outlined below:

So you’re saying they won’t be to give any help whatsoever?

Without stating the obvious I’m pretty sure these guys know what they are doing when it come to running a bidding process.

Mark Cutifani: Former CEO of Anglo American plc (2013-2023)

Tony Trahar: Former CEO of Anglo American plc (2000-2007)

Tony O'Neill: Served as Group Director - Technical at Anglo American plc from 2013 to 2022

Phil Mitchell: Formerly of Rio Tinto, where he played a pivotal role in transforming its iron ore division into the company's flagship business unit, with over 300 million tonnes of iron ore production. He later served as Rio Tinto's Head of Business Development, overseeing strategy, M&A, and strategic business change.

Gagan Gupta, Founder and CEO of Arise

Sir Mick Davis, a highly successful mining executive accredited with listing, leading and building Xstrata into one of the largest diversified mining companies globally prior to its acquisition by Glencore in 2013

Don’t forget those NPV calcs have been done on a 68% FE DR price of $130.

Anglo America have a forecast price of $175!!

I’m sure someone can run the numbers to show what the NPV would be at $175.

I hear you shrewd, but if this shares goes on a run to 40p then there is definitely something behind it and not the time to sell.

We should be looking at the positives here:

- Post-tax NPV (10%) increased 37% to US$5,206 million

· IRR increased to 26.7%, reflecting enhanced project returns

$5.2bn with other work streams to come which could push it closer to $10bn!!

That’s what our suitors/potential partners are here for.

Exactly

I mean how do you tell your shareholders you could have bought it for way less than NPV but let your rivals get it instead.

Thanks MM.

I like the part below. It is a very real problem to not be chasing these assets. There’s not many to be had that are ready to go.

“the strategic logic almost forces serious buyers to engage, if only to avoid losing the asset to a rival”

The 8m shares traded yesterday is not normal, especially as there were 4 trades that took 5m.

You missed us all really 😉

A lot to say for someone who’s only bought back in yesterday.

Be happy, just enjoy the rise.

Any day now.

The Company is in process of completing an evaluation of the Net Present Value ("NPV") upside of its planned DRI product - the results of this will be announced shortly

1.6m buys showing from Friday.

No mention of MM having sold, sounds like he wants some answers about, as you say the opaque set up of the companies and the agreements.

Some decent sized buys just gone through 👀

News soon!!

I asked one of the AI tools and it said up to 4 weeks, so pretty much any time from now. Presuming they started that process as soon as they were able.