Zanaga Iron Ore Share Discussion Threads

[extrader] 30/8/2024 17:38

This exchange may put some air in those tyres...post Marty Knauth (MK)'s appointment

Hat tip MinorMiner

Fortescue back in the mix? I reckon.Today 07:40
Back in the COIDIC days, our very own Andrew Trahar revealed that Fortescue (FMG) were one of the parties interested in Zanaga. Much water under the bridge since then, of course, however FMG are now trying alchemy to turn their Pilbara dross into something OK for green steel. Their likely chances of success are reflected in their speculative acquisition (unclear grades and JORC) of the Belinga iron ore deposit along the Congo-Gabon up country from Zanaga.

Meanwhile, just 2 days ago the CEO Dino Otranto said this, @4:10:

'...China is investing in Saudi Arabia, is investing in Africa. The challenge is for us Australians, Let's do it now! Let's muscle our way in and regain our market share in a green metal future.'



That's clear.

My reply :

MMO....Means, Motive, Opportunity.

'Twiggy' has the Means : May have slipped from 'Australia's Richest'...but still worth an est. US$ 15 billion. Enough for him to have put in a 'failed bid' of US$ 9 + billion for (part) Simandou (lost because he didn't want to take on the complex logistics).

He has the Motive : He's committed to 'green steel' both for ideological reasons (he's a committed environmentalist and has been pursuing the massive Inga Dam project for years (hydropower for half the Continent, theoretically), an ambition that he's only recently given up, in the wake of political and other foot-dragging by the DRC.

He's well-connected to China (major market) and recently hosted the Chinese Premier, to tour his experimental (2, 500 tpa) $ 50m facility in Australia.

hxxps://fortescue.com/news-and-media/news/2024/06/18/fortescue-welcomes-chinese-premier-li-qiang-in-perth.

He's got to juggle domestic politics in Australia and his existing 'legacy' Pilbara rust interests with a future that may lie increasingly outside Oz.

He's already hedged his bets somewhat at Belinga, Gabon; has Brazilian interests (Port Acu) that he's keen to expand, playing footsie with Pres Lula.

www.hydrogeninsight.com/production/fortescue-billionaire-forrest-has-vowed-to-spend-5bn-on-brazilian-green-hydrogen-and-ammonia-project-president-lula/2-1-1553687

The juggling of these competing/conflicting priorities FMG faces is reflected in this recent article :

hxxps://www.afr.com/chanticleer/australia-s-iron-ore-future-is-different-not-dead-20240828

Australia’s iron ore future is different, not dead

.."There’s plenty of red dirt in Fortescue’s results presentation – which makes it a bit different to its two big rivals. Andrew Forrest is in China trying to work it out.

As our two biggest iron ore exporters dress themselves up as future-facing copper companies, third force Fortescue has nowhere to hide. In fact, it does not even want to.

Fortescue’s future is firmly Pilbara iron ore. It will spend $US4 billion ($5.9 billion) this year developing hubs and mines, exploration and trying to decarbonise its operations, mostly focused on iron ore...."

Opportunity : ZIOC would present a useful step-change in any transition to a more global business, perhaps working with Vale (another frustrated Simandou bidder) and the Chinese (whose interest is the product, not the provenance), all the while boosting C-B's own 'green' credentials/ambitions.

The ZIOC resource has comparable scale and - arguably - better quality ore, without (thanks to slurry pipeline) the accompanying baggage of Simandou's logistics headaches.

All well and good.

However, the clincher for me in any recent reactivation of FMG interest is the shared interest that Twiggy has with his fellow Australian MK's passion for rugby, see

where he was principal 'driver' and sponsor....

You read it here first.

GLA

[greenelf] 30/8/2024 10:42

Time to put fuel in the tank. Time to have some actual tyres fitted.

[davidlloyd] 30/8/2024 09:11

Time to take the handbrake off here please…
DL

[extrader] 08/8/2024 16:27

An unsupported statement is meaningless...but contrarian views are welcome.

Pls spell out which dots you joined to arrive at your conclusion.

TIA

[texaschaser] 08/8/2024 10:18

Joining the dots -the Board are determined to kill any shareprice rise and short change any small shareholders

[extrader] 21/7/2024 00:48

Crosspost from lse, if anyone's interested. Lots of discussion over there re latest developments

Hi Jiving,

Thanks for the feedback re Garbut 'stickiness', Higgins (RIP) and Everitt.

Stocko FWIW shows him as 17.3m as recently as 23 June 2023.

On re-read, I see I understated Elphick's likely holding - I forgot to 'add back' the 8,477,805 carved out in Aug 2018 as 'tax planning'.

If you do that, it puts Elphick's current stake at (82,720,035 + 8,477,805) = 91,197,840/673,793,471 =13.5%

In numbers this is slightly ahead of the 89,118,666/280, 415,976 = 31.8% he held at the outset back in 2011, in %age terms seemingly way behind.

BUT....he started with 31.8% of 1/2 the business !

In equivalent terms, he still holds nearly the same amount (27%) of a much larger pie....

As (not quite to the same extent) do we.

And from a look at the increase in shares o/s, 673,793,471 - 280415, 976 = 393,377, 495, we see

-290.8m is the GLEN 'acquisition';

-61.3*m is SCM 'dilution' to-date (over 14 years' company existence); and

-41.2m is BoD and management remuneration (ditto).

*21 + 36+ 2.3

From this PoV, I think Elphick has done a pretty remarkable job of minimising his (and , by extension, our) dilution.

Let's hope the pie is a mahoosive one!

ATB

[chesty1] 26/6/2024 09:27

Sbb1x25 Jun '24 - 18:30 - 2551 of 2553
0 1 0
Rns. Is that a speeding ticket ?

Market is saying it all...YES!

[gismo] 25/6/2024 21:23

Good luck Kem

[kemche] 25/6/2024 18:29

Thanks for the tip and advice Gismo. Much appreciated.

I shall certainly be investing in silver from now on.

[sbb1x] 25/6/2024 17:30

Rns. Is that a speeding ticket ?

[gismo] 25/6/2024 15:24

Listen to Andy Schectman podcasts!

[gismo] 25/6/2024 14:42

Yes all shares gone Kem, into silver and have done well already. Gold is good but silver will overtake gold as it's becoming rare. Bix Weir says unobtanium is going. Silver is everything. Take care

[gismo] 25/6/2024 14:40

I'm not knocking anyone on here just warning. The Stockmarket is owned by the Cabal and when silver goes the Banks go and the Stockmarket with it. Silver will destroy the Banks. Nothing is ever going to be the same and we are near.

[gismo] 25/6/2024 14:38

Hi Kem, nice to hear from you. Out of the market 3 years ago. Silver is the top metal to invest in. 170 years of suppression will soon be lifted. $500, $600 onwards. Won't be long until it's in the thousands. The derivative market is in the millions. The Comex is not showing the true amount of silver, it's loaded with paper certificates. Once this moves £30 an ounce will never been seen again. We are going back to gold/silver currency.

[kemche] 25/6/2024 11:13

Hi Gismo, Long time no see! Hope all is well with yourself. Have you now divested all your shares? Which gold/silver backed currency are you buying?

[gismo] 25/6/2024 11:02

I will hang around wherever I want to!!

[gismo] 25/6/2024 10:43

Trying to save some misery!

[gismo] 25/6/2024 10:43

I am, I'm buying silver as we are going back to gold/silver backed currency. It's a warning that all will ignore. Just a polite warning before it shuts down, for good!!

[fillipe] 25/6/2024 09:15

+24% here, as I type.

f

[greenelf] 25/6/2024 09:11

If that is the case, fine for you, but why do you keep hanging around the stock market boards if that is the case? Forget stocks and get on with your life!!

[gismo] 25/6/2024 08:24

The Stockmarket is going down, never to return! All the warning signs are there

[extrader] 28/5/2024 17:11

New CEO Marty Knauth, appointed some 6 months ago, breaks cover to give a Proactive interview:



Zanaga Iron Ore Company meets with Proactive Investors

Speaking from Tokyo, [Ed.: following a week in China], our CEO Marty Knauth was able to provide a status report on the Zanaga Project and near-term planned work following the recent completion of the 2024 Feasibility Cost Update.

The results of this cost update provide increased confidence in Zanaga's economic feasibility within the current market and cost environment, further serving as a catalyst for strategic investors to consider funding the next phase of the project, which entails a front end engineering and design [FEED] program to refine project elements and risk mitigations, with a clear pathway to a construction decision.

GLA

[saint in exile] 30/4/2024 06:22

Great figures released today.

[davidlloyd] 28/3/2024 16:50

Todays RNS seems to have flown under the radar…..I suspect needed something out before end of the month re March loan deadline…