Member Info for Mitch984

Zioc post on X a few minutes ago:-

"Benchmark iron ore prices are rising, @mining reports, surpassing “the key psychological level of $100 a metric ton”. Higher grade iron ore (~67%+ Fe content), like that present at the Zanaga Project, commands a premium versus standard iron ore (~58-62% Fe content), thanks to its credentials as a feedstock for lower carbon steelmaking, which significantly adds to the potential value upside of the project "

Not of course related to today's very welcome share price rise.

NewKOTB - thanks for that. Those Off Book trades are more than interesting!

Don't underestimate what being towards the top of the risers leader board does for an AIM share like Zioc.

As with others, I hope desperately that the rise continues and positive official news comes along tomorrow or Friday.

However I have seen this so many times before, so I will not be convinced until said news drops or we maintain the rise into next week.

I wish they would call me!

I'd be tempted as I've now belatedly realised I won't live forever.

:)

I have no idea of either the motivation behind or the merit of MM's post, but I do hope it provokes some answers from Zioc.

I have always thought the set up of the various companies (Greystone, GIS etc) has been opaque to say the least, and it has always puzzled me how Zioc have managed to not file any of the statutory TR1s to notify the market of significant changes in shareholdings and voting rights as is required by a AIM-listed company.

If MM is selling his holding, it may be that he has just run out of patience. I know mine has been (and is) stretched close to breaking point!

New Mining Weekly article just plugged by Zanaga on X that tells us, as far as I can see, nothing new:-

https://www.miningweekly.com/article/developer-undertakes-priority-workstreams-after-renewed-interest-2025-07-09

New Mining Weekly article just plugged by Zanaga on X that tells us, as far as I can see, nothing new:-

https://www.miningweekly.com/article/developer-undertakes-priority-workstreams-after-renewed-interest-2025-07-09

Regarding Elphick and his woes at Gem, it will be interesting to see if he sells out of Zioc when his 6 month lock-in expires in September:-

"Guava and its connected persons has undertaken with the Company not to, and to procure that its connected persons do not, dispose of any interest in any ordinary shares held by it or subsequently acquired after the date of the Guava Lock-In Agreement, for 6 months following First Admission"

We have to remember that PR at Zanaga from both AT and Marty is absolutely awful, and always has been. Their RNS's are very poorly written, Marty's interviews last year were disastrous (although AT's interviews are generally very good), and their recent tweets on X a complete joke.

All us poor PI's can hope for is that their negotiating skills with potential strategic partners or (hopefully) buyers is considerably better. However there is little evidence so far that it is or will be.

Bots, if you think Sir Mick is going to play a major role in Zanaga going forward, then you clearly know nothing about him or the overall project at all.

Mick's major involvement is with Vision Blue. He is - and will be - a very minor player in Zanaga.

He is in it purely as an investment that can make him money.

"Personally think we may get shafted now glencore are out I would take 50p and be happy to walk away"

Sad as it may seem, I'd take 20p so I can walk away and get on with what is left of my life. Certainty is far better for me now than uncertainty and what may turn out to be false hope. If I was 35 then it would not matter. At twice that age I just can't see any advantage any longer to be as patient as I have been this past 7+ years.

Huge delayed trade from Monday morning showing today - 3.6million shares sold at 1.96p.

It still looks to me like one big shareholder has sold out completely since the RNS. Whoever it is, he must have bought in over 9 months ago when the share price was lower than 1.9p, or he has sold at a loss - which is unlikely.

A very puzzling time to sell

Thanks for that 99. Very very interesting. I also agree that the royalty financing is the best deal KP2 could have obtained. In fact, I still think that finance is a decent deal for us shareholders. I just can't get my head around the heavy selling since the RNS though.

At the end of the day, my only interest at my age is what I can get for my KP2 shares in the next 2-3 years maximum. I have no doubt that when the mine is fully developed, the share price will be significant higher. However my interest is a much shorter period. So it is disappointing that we are now in for another 6 months or so of a static or declining share price until KP2 finally announce that all the terms of the financing have been met and the mine is fully ready for spades in the ground.

The last few days have been both puzzling and disappointing.

Definitely not day traders.The volume is too high and the big individual sales are too high too.

I haven't seen this amount of selling with KP2 since the very leaky days of Brad's reign as CEO, and even then it was always prior to an RNS - rather than immediately after it.

I can't think of any logical reason with the RNS being quite positive other than its one of the directors selling some of his share options for a quick 100% profit. I haven't got time unfortunately to go back through the RNSs to see who has been allocated options and/or shares over the past few years.

Or perhaps one of the Significant Shareholders is reducing their holding? There are 9 listed here:-

https://korepotash.com/investors/aim-rule-26/

I just don't think its day traders however.

Yes, many thanks 99. Best summary of a very confusing RNS that I have seen anywhere.

Over 5.5million delayed sells now showing from yesterday.

Its clear one big shareholder has decided to exit, rather than it being a general sell-off. Why that shareholder has decided to sell out at between 3p and 4p is more than strange with their sells being immediately after what - on the face of it - seemed a positive RNS.

One of the directors who was granted options deciding to take a quick profit perhaps?

Thanks for this Catbert.

Just shows what a confusing and over-complicated yesterday's RNS was. A summary similar to Catbert's at the beginning of the RNS might have prevented the sell off yesterday and this morning.

It will be months now before the share price regains yesterday's and today's decline.

Hi Extrader,

99 might be a better comment source than me on this as I found the KP2 RNS both puzzling and complicated.

Today's KP2 RNS was so far away fromwhat has been hinted at by the company that I just don't have any idea what it actually means for KP2 - other than the investment platform (OWI-RAMS) declared their "intention" to provide the financing to construct the mine with no dilution to current KP2 shareholders. There was no reference as to what happened to the Chinese, the previously mentioned Summit Consortium, or indeed what role Power China will have.

There was a huge amount of KP2 shares sold today, which either reflects disappointment with the RNS or the usual AIM profit taking.

As regards relevance to Zioc, it does provide more possible business for the port of course. However the biggest lesson for me is firstly that Zioc's financing could come from a source not previously even speculated about, and secondly there is no guarantee the Zioc share price will react positively. KP2's certainly didn't!

Couple of questions if anyone knows the answers.

Has the ASX suspension been lifted?

How did the share price do on the JSE today?

I don't understand how anyone expected KP2 to rise and rise today.

This is AIM. The majority of AIM traders are not here for the long term. They make their 20% profit and sell. This is why it is so difficult for any AIM share to continue a rise after positive news without institutional buyers coming in (which we do not have).

Yes, we are seriously undervalued, but for the share to rise we need more buyers than sellers. By next week most of the profit taking will be done - but after that where will the heavy buying we need come from when the next news is not scheduled for some time yet?

And I am not de-ramping. I have a very large investment here - but I have a feeling KP2 will need a buy-in or a buy-out for me to get a decent price for my shares.

Surely, we should all be suitably encouraged.

It is clear that Zioc have managed to raise enough funds to employ a day release student from their local primary school to take over their X feeds.