Member Info for Veteran10

What I mean is, they shouldn't have done the event in my opinion. The news wasn't what investors were hoping for. I think it damaged sentiment as shown by the share price reaction.

I agree, I think behind the scenes they want to sell ASAP but have to make it look like they are working to develop and add value in the meantime. The This is Money article last year confirmed options including a full takeover were being looked at so the management won't say no if they are happy with the price. I do think Knauth and Trahar misread the room with the Investor Event a bit though. It was underwhelming to claim your Dad is the new strategic investor...

A few more articles are popping up and daily volume seems better than in the previous 6 months but the share price is demoralising. This was another article which came out yesterday-

https://energycapitalpower.com/zanaga-iron-ore-to-boost-congos-mining-sector-development/

I don't think they would get away with 10p but 25p wouldn't surprise me if they try to screw shareholders over. If these studies do add further NPV it would look criminal to then take the company over for 10p.

Private shareholders probably have the 10% needed to call an EGM to raise this. Perhaps a bit extreme but Investor Relations are not the best at answering questions. I imagine the management are frustrated at what they saw as transformational news, not moving the share price. Perhaps if they communicated more, some wouldn't worry so much.

Pleased to see the 1m buy. I do hold more but didn't buy it one go. Let's see what happens next week.

If they give me 4.16p I will.

I could stick 1m in and it won't change the share price much. It is being held back by greedy management having bought at 4.1p. If they had bought in at market price we would be over 20p by now and future financing would be much easier. Bad management.

I don't love the share price. About time we saw news which changed that.

Says the new investment group is a major coup. No share price predictions. Offers the following high class research too -

Bull points

World-class deposit with low impurities compared to global majors.

Secured its mining licence, environmental permit and mining convention from the government.

Currently debt free.

Bear points

Political instability, weak institutional capacity and poor governance in neighbouring DRC.

The project is far from port with no infrastructure.

Needs development finance.

https://www.***************************/zanaga-iron-ore-analysis-of-valuation-and-future-project-paths-by-sheldon-modeland-shard/4121188904

according to sheldon modeland, p.geo., research analyst at shard capital:

“zioc does not fit within glencore’s corporate strategy, which is focused on its coal and base metal assets rather than greenfield development projects. we view glencore’s clean exit as positive news for zioc as the high-quality iron ore project can now be developed more readily with new strategic partners.”

the 2024 feasibility study outlines a phased development approach. stage 1 aims to produce 12 million tonnes per annum (mtpa) of 66% fe concentrate, expanding to 30mtpa in stage 2. the study indicates robust economics with a combined npv of us$7.4 billion and an irr of 28%, supported by a long mine life and premium-grade product (68% fe) well-suited for low-carbon steel production.

shard capital places a base case valuation of 60p per share, reflecting a 500% upside from the current share price. their analysis includes a 90% risk-adjusted haircut to account for execution and financing risks—highlighting the scale of potential if the project proceeds as planned.

final thoughts

with major permits secured, a simplified ownership structure, and strong investor backing, zanaga iron ore is now in prime position to move forward. its high-grade product, global-scale resource, and low-cost profile make it an attractive prospect for strategic partners and the global push toward greener steel production.

I posted similar on the other board though I think Vale will be involved.

OT - Did anyone who attended the event speak to AT about a deal which came very close in the past for ZIOC?

Conclusion: Study to be conducted during the remainder of the year to evaluate this high impact value upside opportunity, which is now being prioritised for immediate assessment.

I think there will be regular updates on the above. Should help garner some new investors and media articles.

My hope is the whole adding value programme is being done to extract a faster buyout for Zanaga. The earlier you buy the cheaper the price.

Completely agree on this side discussion. BTL is not entrepreneurship. If we encouraged our young brains to create the next Google, Tesla, Microsoft etc we wouldn't have Rachel from accounts taxing the country into oblivion and the best young brains moving to Dubai. It frustrates me how we lack ambition. Even Alan Sugar, he is a billionaire but he sold Amstrad instead of turning into a multi-billion company a la Apple.

Yes just to confirm I did not hear the 50% comment either. I think the mining world is a close network so AT was exercising some diplomacy too imo. AT told me this would be the highlight of his career to get a deal (I assume buyout) done on Zanaga and he feels he has already done alot in his career. There is no doubt they see an opportunity to make substantial returns for themselves and shareholders. I told him the figure I am after as a minimum.

Have a look at the DRI part of the presentation. Might make you change your tune. You won't find many stocks which will multi-bag like this will if they prove that up.

Like someone else said this is a clean page, a driven team operating without restrictions which hampered ZIOC in the past.

Very well received, can type more later but they come across driven, confident and think they can increase the NPV significantly and have the funds already to do so. I was feeling underwhelmed before today but now very glad I held on. My feeling is they want the takeover as much as we all do. A little intimidating when you are not a high flying city type or fund manager but found it very interesting. Hoping there were some deep pockets in attendance as they will be buying after that presentation.

Slide 23 is good reading. Target sp of 118p to 311p when comparing different levels of progress versus the Champion Iron Ore/Kami/Nippon precedent.

Now that does read well!

When are the sausage rolls and red wine coming out?

Https://www.theguardian.com/world/2025/mar/18/a-bridge-to-prosperity-guineas-junta-touts-opening-of-mining-megaproject

Locals think 2028 is a more realistic production start date...