Member Info for Yorkie52

One 25000 sell. Hardly an earthshaker. Many more buys than sells. What with all the 3 share buys?

Can't go much lower can it? Bought a couple of times in recent days at 2.7 to lower my average to about 5. Copper doing great, Jlp wondering what to do. Lol

Where do you get your information from?

Posted on X five days ago that the update was intended to be released today. No rns so far? Hope it's not another missed deadline.

Is everyone disappointed there has been no news this week? Badly needs some positive news for this to start motoring again

Whilst I don't like the deal and think we have been shafted. It is the only deal on the table and gets the project moving. I've taken the view that share price around 6p is a steel and am hopeful that a better deal comes out of the woodwork. For now I am filling my boots. At least if I buy it's going into honest hands and not the crooks behind this deal

Feels, the capex for the single pipeline at Stage 1 is 2.29 billion us dollars and no doubt that might increase to say 3 billion maybe that would require Zioc to fund 375 million although offtake agreements may reduce that. So 125 million may be nowhere near enough to pay our share.

I have just messaged Donald T to see if he has any loose change in his pocket to make a counter offer. Will let you know what he says. Lol

I am taking the view now that the whole thing has been orchestrated so that the big hitters comes out of the woodwork and make substantially higher bid. The proposal by Ram ridiculously undervalued the asset and the Zioc. There is no way USA, the Chinese or the big mining companies will let this go at such a low price.

I have therefore decided to add to my holding at 6.75p. Some may say I'm mad but I just can't see this going ahead on the terms put forward by Ram

i've asked ai to produce a list of recent takeovers in recent years. make of this how you want. at the bottom is zanaga with no reference to tonnage, nov etc.

takeovers

rana gruber (norway): acquired by champion iron in december 2025 for approximately us$289 million (nok 2,930 million). the deal aimed to add 1.8 million tonnes of high-grade production to champion's portfolio.

rhodes ridge project (australia): mitsui & co. acquired a 40% stake in this massive undeveloped project from voc group and amb holdings in early 2025 for us$5.34 billion. the deal valued the total project, a joint venture with rio tinto, at roughly a$8 billion.

mineral resources oil & gas assets: while primarily a lithium and iron ore miner, mineral resources sold its perth and carnarvon basin gas projects to han**** prospecting in late 2024 for au$1.13 billion to manage debt.

ferrous resources (brazil): acquired by vale from icahn enterprises for approximately us$550 million. the acquisition added 4 million tonnes of pellet feed capacity to vale's operations.

atlas iron (australia): acquired by han**** prospecting in 2018 for au$427 million following a bidding war. in june 2025, han**** announced it would formally merge atlas iron with roy hill under the new han**** iron ore banner.

zanaga iron ore project (congo): red arc minerals entered a binding agreement in february 2026 to invest up to us$25 million for an initial 20% stake, with an option to pay an additional us$125 million for a total 87.5% interest. recent iron ore company & project takeovers

rana gruber (norway): acquired by champion iron in december 2025 for approximately us$289 million (nok 2,930 million). the deal aimed to add 1.8 million tonnes of high-grade production to champion's portfolio.

rhodes ridge project (australia): mitsui & co. acquired a 40% stake in this massive undeveloped project from voc group and amb holdings in early 2025 for us$5.34 billion. the deal valued the total project, a joint venture with rio tinto, at roughly a$8 billion.

mineral resources oil & gas assets: while primarily a lithium and iron ore miner, mineral resources sold its perth and carnarvon basin gas projects to han**** prospecting in late 2024 for au$1.13 billion to manage debt.

ferrous resources (brazil): acquired by vale from icahn enterprises for approximately us$550 million. the acquisition added 4 million tonnes of pellet feed capacity to vale's operations.

atlas iron (australia): acquired by han**** prospecting in 2018 for au$427 million following a bidding war. in june 2025, han**** announced it would formally merge atlas iron with roy hill under the new han**** iron ore banner.

zanaga iron ore project (congo): red arc minerals entered a binding agreement in february 2026 to invest up to us$25 million for an initial 20% stake, with an option to pay an additional us$125 million for a total 87.5% interest.

Beardozer. If say someone does offer £1billion. In my opinion quite likely. Is there anything to stop Ram from revising their proposals to beat that offer. In other words a bidding war starts to take place. Has anyone done any research into similar deals in recent years and what the take out price was? It would be further evidence to show how we've been stitched up and the company have accepted a low ball offer.

At 6p this has a market cap of £50m with a NPV of around 10 billion. If it hadn't been suppressed or not promoted it should have a market of at least 10 times that and a share price of at least 60p. In that case the capital raises wouldn't have diluted the company as they did and we could easily have raised £25m to advance the project to FID with dilution of only 5%. I can't help but think that this has been an orchestrated and deliberate suppression of the company. Who is our PR man? I'll tell you Andrew Trahar, son of billionaire Tony Trahar who is one of those behind all this. How much PR has he done over the years and been paid for it. I'll tell you sweet FA. I rest my case.

Oily. Possibly Glencore might put a bid in but they didn't want it 2 years ago when they sold their 50% for chicken feed did they?

I have asked AI whether this is a good deal. The response is as follows.

Whether this is a "good deal" depends on your perspective on the company's ability to fund itself versus the trade-off of project ownership.

Here is the breakdown of the pros and cons for existing shareholders based on the RNS:

The "Good" (Pros)

No Immediate Dilution: Unlike a standard share placement, this investment happens at the subsidiary level (Jumelles). Your percentage ownership of ZIOC remains the same.

Clear Path to FID: The $25m (Tranche 1) provides the cash needed to reach a Final Investment Decision without ZIOC having to ask shareholders for more money.

Valuation Floor: The option to swap RAM's interest into ZIOC shares at 15p is more than double the current share price (~7.3p), signaling a significant premium and a "vote of confidence" from backers like Sir Mick Davis.

Long-term Yield: If Tranche 2 completes, ZIOC shifts from a developer to a royalty holder (1% Net Sales Revenue). This provides a potential long-term income stream without the costs of mining operations.

The "Bad" (Cons / Risks)

Loss of Control: If RAM exercises "Tranche 2," ZIOC’s ownership of the actual iron ore project drops from 100% to just 12.5%. Shareholders effectively trade the "lion's share" of the asset for cash and a small royalty.

Fundamental Change: This is classified as a "Fundamental Change of Business" under AIM Rule 15. ZIOC will essentially become an investment/royalty holding company rather than an active mine developer.

Exclusivity & Break Fees: ZIOC is locked in until June 2026 and must pay $1.5m if the deal falls through, which is a significant penalty for a company of this size.

Market Reaction: Despite the "premium" mentioned, the share price in the text shows a 13.10% drop on the news. This suggests some investors are unhappy about giving up 87.5% of the project or are wary of the long timeline to completion.

Summary

It is a de-risking deal. It solves the immediate problem of "how do we pay for the next stage?" without diluting you today. However, you are giving up the vast majority of the "upside" of the mine's future profits in exchange for safety and a 1% royalty.

You will have the final say, as the deal requires shareholder approval at an upcoming Extraordinary General Meeting (EGM). You can monitor upcoming announcements on the Zanaga Investor Relations page.

Nic is Ricks brother!!! Just filter these guys, they contribute nothing of any worth

Dust filter. We are listed in Aus!!!

Another huge late reported trade of 3.2 million shares at 10am today. I.This level of shares is not normal when the amount of buying is much less. Share buyback? Let's see if JLP report anything about buybacks on Monday?

And another 900000 sell from 11.53 today. Have JLP started to do share buy backs?

That explains a lot why we are still at these levels.

It's beyond belief that a multi million pound company CANNOT keep a their public website up to date. Get Charles Archer on the job. What is the cost? Pennies in relation to what it can do to inform both present and future investors.