Zanaga Iron Ore Share Discussion Threads

[catchingmice] 06/1/2025 09:28

10yrs ago they traded around 18p but i think they hit a high of around 22p or thereabouts Here's hoping they will double once again

[bbanker] 06/1/2025 09:20

This share has been over 20p in the past on speculation but now there really does seem to be a plan for progress and we can still get in at a very modest share price. A good punt for those willing to back their judgement. I really do not think the update in a few weeks time will dissapoint. Fortune favours the brave

[catchingmice] 06/1/2025 09:16

Still holding a batch of these after 10yrs or soSold my last chunk around the 13p/14p levelThings are looking up after all these yearsIt's been a hell of a long wait though

[highly geared] 06/1/2025 08:49

A friend of mine who’s been in Zioc for “years” sent me a note over the weekend. A good summary:

“I bought a few grands worth years ago, and always had the intention of just sitting on it for the long game. They’ve taken a while but pretty much have everything in place now.

The latest announcement on the port infrastructure was huge, and the market hasn’t really picked up on its significance yet.

All ducks now lined up, and should go “ballisticR21; on further development news. I suspect they’ll sell to the Chinese. Market cap is ridiculous for the asset they have. Can easily see this doing 10 or 20 bags from here. A Billion dollar valuation wouldn’t be ridiculous.”

[highly geared] 05/1/2025 15:07

Link doesn’t work

[extrader] 03/1/2025 21:23

Somebody asked : Why on earth issue an 'in-between' RNS - at 1455, not 0700 -to announce a meetup in 5 weeks' time...??

Best answer so far :

Ok. I’ve been out for a long frosty sunny walk with my dog. We have analysed the situation. Conclusion is that ZIOC themselves are the actor looking to create pressure. Perhaps to try to flush out any counter-proposal(s) lurking in the undergrowth. It looks like a way of creating competitive tension. There are times when deadlines are useful. Whether real or not it’s worth trying…

So my best guess is that ZIOC have they SOMETHING ready to go, but are hopeful that it might be improved upon. They are trying to force someone’s hand by giving exaggerated notice that they’ll go with what they have on Feb 11th. If that someone wants to play, they need to do so ahead of Feb 11th.

My best guess only - DYOR.

Hat tip to StarBright...who (or maybe it's his dog) seems to understand these things.

GLA

[highly geared] 03/1/2025 17:27

Thanks Extrader. In country risk is a global issue now. Just look at what the UK Government has done to North Sea Oil and gas. Now uninvestible

[extrader] 03/1/2025 16:58

Highly Geared

No problems.
It's worth adding that :

(1) The £ 1.38/1.47 numbers are 'Special Dividend', you'd still own a share of the Project, which would have a material 'book value', hard to know how valued by the market.

(2) The calcs are based on the NPV for Phase 1 (12 mtpa), Phase 2 (18 mtpa) has a similar NPV....and is assumed to be financed from Ph 1 cashflow.

(3) Together, they make a 30 mtpa Project. However (a) that's based on the so far only-partially tested resource, there's believed to be a lot more (see latest presentation); (b) the Company has spoken at various times of 60mtpa being possible.

On the downside, C-B is a byword for corruption and mismanagement- see my file note, despite its considerable resources it's never managed to exploit them professionally, so country risk is a serious negative and the most one could hope for is a fraction of the asset's 'true' worth.
But still...

NAI, DYOR etc etc
ATB

[extrader] 03/1/2025 16:46

Posted as a note-to-self.


EDITORIAL from today's 'depeches de Brazzaville' C-B's newspaper of record

.."A complicated matter

According to a survey of international institutions, looking at Congo's mining in previous years (1970-1980), mines still make only a very small contribution to the
national economy.

Hence the government's determination to give itself the best possible opportunities to exploit its considerable potential through a number of agreements signed with
international partners, such as China for the potash project.{Ed.: LuYan for Mining Congo, in the Koilou district].

The country has no mining tradition, and its private sector is non-existent, apart from a few small-scale mining operators, the Congo needs to make greater efforts and commitments, to promote rational management of its resources and ensure the emergence of this sector that the development of oil exploitation has largely relegated to the background.
The choice of partners and their ability to complete the projects identified is another matter altogether.

Mining is a highly complex field, not just any operator, national or foreign, can get involved.

The opportunity to diversify the economy by exploiting the Congolese subsoil [depends on] the availability of energy, [the lack of] which is a real obstacle to industrialisation.

In other words, beyond the complexity of the sector, winning this battle presupposes a constant regular supply of electricity, which will enable industries in the areas where they are located.

The Maloukou area is a textbook case in point...."

Maloukou is location of a Special Economic Zone (SEZ) that has been years in the making and is dependent on a power station that has also been years in the making.....

[highly geared] 03/1/2025 16:01

Extrader, hope you don’t mind me reposting your 19 December post (that articulates potential share price upsides):

From t'other place.
NAI, DYOR, etc etc.

Incorporates input and feedback re a possible 'deal' scenario, where a Strategic(s) bought into the Project (50%), creating the wherewithal for ZIOC to fund its share of Stage 1; pay out surplus as a Special Dividend ; and still retain an economic interest in Stage 2 and other potential upside.

If Trahar's indicated timeline runs to plan, the next few months could be very interesting.

.."Reworking the numbers for a potential Special Dividend post 50% sale to a Strategic, based on Stage 1 NPV, I arrive at £ 1.48 per share (scenario 1) or £ 1.37 (scenario 2) , based on :

(a) likelihood of a 30/70 or 40/60 equity : debt finance structure, respectively;

(b) deduction of 10% to account for C-B's MIN 10% 'free carry';

(c) deduction of $97m , being simple 10% contingency of capex share;

(d) FX @ 1.27

(e) shares in issue 675m.

As follows :

(1) Stage 1 NPV $ 3.68 billion, ZIOC 50% share = $ 1.84 billion;

(2)@ 90% (C-B) = $ 3.31 billion, ZIOC 50% share = $ 1.656 billion;

(3) capex Stage 1 = $ 1.94 billion, ZIOC 50% share = $ 970 million;

(4) simple 10% contingency = $ 97 million;

(5) [ZIOC commitment @ 30% cash = $ 291 million; commitment @ 40% cash = $ 388 million]

(6) net* cash to ZIOC (2)-[(4)+(5)] = $ 1,268 million @ 30% OR $ 1,171million @ 40%.

(7) @1.27 = £ 998 million OR £ 922 million.....

(8) with 675m shares = £ 1.48 per share OR £ 1.37 per share.

Thoughts, in no particular order (assuming I've got the maths/assumptions right):

(1) £ 1.48p is tantalisingly close to the IPO price of £ 1.56p; see (2).

(2) * The C-B 'free carry' deduction/cost arises as project progresses, it isn't an up-front outlay.

There's a case for arguing buyer (s) should pay NPV 1 ' nearly gross', not 'net of'.

(3) There's no obvious NEED on the seller's side - other than perhaps GLEN's wish(?) - to sell down as much as 50% : IF debt finance is available, there appears to be a sufficient cushion that would allow ZIOC to offer credibly to sell a smaller %age ....which would strengthen Elphick's hand if - conversely - he secretly wanted to encourage a 'full takeout premium'.

'Win, win?'

E & OE, comments invited"

GLA

[highly geared] 03/1/2025 15:56

Based on the spike in summer 2023, just think what the February investor presentation could do for the share price.

The numbers for the share price are multi bagging if the project proceeds and it looks like the jigsaw pieces are starting to fall into place.

[extrader] 02/1/2025 17:19

14 Dec


.."This step for us is a major de-risking step as we engage our strategic partners.

... We are very, very well-positioned now to move forward on a number of execution milestones that we've lined up in the early part of next year. ... we now have a string of announcements planned for the early part of next year that we are going to be hitting milestones on and getting into the public domain for our shareholders.

... Some of them we have already indicated to the market, such as power agreements, for example. The strategic partner process, in particular, has been a major focus for the company and a huge workstream for us. Once again, de-risking milestones such as this port definition and this port agreement and partnership is very important for us.'

Looks encouraging, I'd say.
Discl.: I hold
GLA and ATB

[highly geared] 02/1/2025 16:39

Meaningful news approaching.

Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM: ZIOC) is pleased to announce that the Company intends to provide an update to shareholders on the Company's strategic partner process whilst also providing further information on the Zanaga Iron Ore Project's development plans.

As a result of the planned corporate update the Company will be hosting an event in London on Tuesday 11 February 2025 to provide a briefing to its shareholders (the "Investor Event").

More detailed information on the Investor Event will be announced shortly.

[gismo] 30/12/2024 09:29

You can barter with silver and gold. It's going exponential. Your Zanaga funds will be dust soon. The Stockmarket is going to make a terrible landing. It's backed by nothing

[greenelf] 28/12/2024 08:37

Invest in physical assets such as land and the means to grow food and generate your own power, inl. solar, wind and micro hydro. You cannot eat silver and gold and the currency will be basic goods that keep you living and eating. Heed my warning and do your research before is is too late!That is where my Zanaga returns are going, real things not proxy assets that do not let you survive.

[gismo] 27/12/2024 17:27

You are holding paper savings. Did you know the Stockmarket is DS. The world's currencies are being brought inline. Do some research, and quick

[kemche] 27/12/2024 16:34

It get ever more imminenter by the day. Any day now.

[gismo] 27/12/2024 16:16

Revaluation of all world currencies. The noughts are coming off! Worth a fortune if you hold notes