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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Zanaga Iron Ore Company Limited | LSE:ZIOC | London | Ordinary Share | VGG9888M1023 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.21 | 2.49% | 8.65 | 653,491 | 16:35:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 8.52 | 8.78 | 9.00 | 9.00 | 9.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | USD | USD -2.72M | USD -0.0033 | -27.27 | 70.13M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:25:16 | O | 18,290 | 8.5568 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/5/2025 | 18:29 | UK RNS | Zanaga Iron Ore Company Ltd Option Exercise and Issue of Shares |
| 09/4/2025 | 07:00 | UK RNS | Zanaga Iron Ore Company Ltd Board Appointments |
| 26/3/2025 | 07:00 | UK RNS | Zanaga Iron Ore Company Ltd Tranche 2 Private Placement Completion &.. |
| 18/3/2025 | 16:45 | UK RNS | Zanaga Iron Ore Company Ltd Project Development Strategy Update |
| 13/3/2025 | 09:25 | UK RNS | Zanaga Iron Ore Company Ltd Buyback of Glencore Shares and Board Change |
| 03/3/2025 | 07:00 | UK RNS | Zanaga Iron Ore Company Ltd US$21.5m Private Placement & Proposed Buyback |
| 07/2/2025 | 08:41 | UK RNS | Zanaga Iron Ore Company Ltd Investor Event |
| 03/2/2025 | 10:41 | ALNC |  Zanaga shares rise as signs memorandum with Congo power producer CEC |
| 03/2/2025 | 07:00 | UK RNS | Zanaga Iron Ore Company Ltd Power Solutions MoU |
| 02/1/2025 | 14:55 | UK RNS | Zanaga Iron Ore Company Ltd Corporate Update and Investor Event |
Zanaga Iron Ore (ZIOC) Share Charts1 Year Zanaga Iron Ore Chart |
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1 Month Zanaga Iron Ore Chart |
Intraday Zanaga Iron Ore Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/6/2025 | 13:17 | ZIOC Zanaga Iron A 2018 MULTI BAGGER TOP FOR 2018 | 2,904 |
| 13/3/2025 | 12:22 | Zanaga Iron Ore Company | 10,218 |
| 11/9/2019 | 08:13 | ZIOC Zanaga Iron A 2018 MULTI BAGGER | 469 |
| 11/9/2019 | 07:21 | A un-moderated Zanaga thread. Open to ALL. Not the FEW | 87 |
| 03/8/2018 | 09:30 | The Tidy and Topaz thread | 81 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 15/6/2025 09:20 by Zanaga Iron Ore Daily Update Zanaga Iron Ore Company Limited is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker ZIOC. The last closing price for Zanaga Iron Ore was 8.44p.Zanaga Iron Ore currently has 830,879,996 shares in issue. The market capitalisation of Zanaga Iron Ore is £74,779,200. Zanaga Iron Ore has a price to earnings ratio (PE ratio) of -27.27. This morning ZIOC shares opened at 9p |
Posted at 19/4/2025 23:18 by extrader Hi andrbea,The journalist makes a couple of mistakes : In his earlier article he mistook annual FCF for NPV, understating the extent of potential uplift from the 4 x value enhancement initiatives; in this article another mis-representation crept in :.."ZIOC can contain the initial outlay to $2bn, the project’s estimated capital as per a 2014 feasibility study..." This ignores the result of a much more recent re-working of the study, (1) to current, actually lower costs AND (2) that it was done to bankable feasibility level, by the so-far unnamed EPC contractor - PSEI - that has a BSL (pelletisation) connection and an Ausenco (slurry pipeline) connection. It' s all the more curious an omission, since an EPC MoU is the first project value enhancement item due to be 'delivered' per its recent Corporate Presentation Timetable (p 20) (1)Is contained in the Feasibility Study Update RNS'd 30 April 2024; and (2)is contained in this press release (only issued in Jan 2025) by PSEI, reporting on its joint presentation with ZIOC in May 2024, led by incoming CEO Marty Knauth Congo Buzanaga Iron Ore Project Development Investment Promotion Conference was successfully held in Perth Company_Kunming Perth Mining Engineering Design Co., Ltd 刚果 2024年5月 www.psei.cn Google translate tells us that .."The investment promotion meeting for the development of Congo Buzanaga iron ore project was successfully held in Perth Company Release time:2025-01-21 11:39:59 Popularity: 666 On May 23, 2024, a meeting was held to promote the development of the Zanaga iron ore project in Beijing COSCO Happiness Building. The Zanaga iron ore project has a resource reserve of 6.8 billion tons, a designed annual output of 30 million tons of iron ore concentrate, and a total investment of 2 billion US dollars. The project includes mining, mineral processing, 360 km pipeline works, port construction and industrial auxiliary works. As the general lead design institute, Perth has completed the bank-level feasibility study of the project. The investment promotion attracted more than 10 large central (= State-Owned) enterprises and listed companies in China to participate, and all parties are very active and attach great importance to project investment and financing. The project was introduced by Mr. Marty, CEO of Zanaga Iron Mine, and Q&A, and Che Yueguang, President of Perth, answered questions about the project as the chief design lead company...." Other recent developments include (a) Congo- Brazzaville's signing a few days ago of a Free Trade agreement with AbuDhabi, which has a 30 year concession to operate port facilities at Pointe Noire (but so far little business) and (b)Fortescue's 'Twiggy' Forrest finally acknowledging the reality of Simandou as a potential 'Pilbara killer', see [...] Fortescue bid for Simandou and has been pursuing Belinga in Gabon as an alternative source of high grade ore for blending purposes (ie to get his 'Pilbara rust' up to 62%Fe), an alternative that appears to have stalled : the new government - led by coup leader Nguema, formally 'elected' last week - has upped the ante and proposed a re-routing of Belinga's ore exports via a new Capex-intensive route. His partner there is Arise, who have an MoU with ZIOC for its needed mineral export development at Pointe Noire. As another poster on the ZIOC bulletin board commented : The Gupta/FMG angle is a good one particularly as they are partners in Belinga & face the same problems. The fact that Gupta is now not only a ZIOC shareholder but also via Arise supplying the key port access, must surely spark interest at FMG particularly as they made a last minute effort to secure Simandou in 2019 (ie we know they are interested in giant projects & are prepared to commit capital in W Africa). Finally, as the US/China sabre-rattling continues, ZIOC has just posted a (for it rare) tweet reminding everyone of the strategic value of its iron ore : .."The world uses 20 times more iron, in the form of steel, than all other metals put together (source: @BHP). Iron ore is essential to all areas of modern living, from construction to transport to energy infrastructure. Zanaga is developing a globally significant deposit with high grade, low impurity iron ore..." An interesting confluence of developments, IMO NAI, DYOR etc etc |
Posted at 07/3/2025 07:16 by graham1ty Can anyone explain the strike price of 4.1p ? Of course the upside is that some very big names are now involved, and may drive this forward.But what does it tell us that Glencore were happy to get out at 4.1p ? This would be so much more positive if the strike price was, say, 10p…… Does this show that Glencore actively wanted out ? Or were approached and are bad negotiators ? Does it mean these new investors were not prepared to pay more than 4.1p ? Because of the cancellation of the Glencore shares the dilution is not too bad, but at the end of the day, if they had announced just a fundraising at 4.1p the share price would have been hammered…. |
Posted at 03/3/2025 11:02 by someuwin Shard Capital..."Valuation and clear path to production or acquisition: With all the mining licences and permits approved, an updated FS complete and a clean exit of Glencore, ZIOC’s focus now shifts towards securing strategic partners to finalise financing for the Stage 1 development. In our view, any progress on this front will have a positive impact on ZIOC’s share price. Our unrisked and ungeared DCF-derived NPV for ZIOP is £4.8bn (equivalent to 600p/sh) based on a 10% discount rate and our long-term iron ore price of US$90/t for 62% Fe (CFR, China). We then make an indicative $10/t value-inuse adjustment (VIU), which reflects ZIOP higher grade. Finally, we apply a 90% haircut to account for financing and execution risks which equates to £480m (or 60p per share), representing a 500% uplift to the current share price. Given the project’s high quality and low cost of production compared with other large-scale iron ore development projects. We see the main risks to our valuation are iron ore prices and the supply-demand dynamics in light of a slowing Chinese economy." |
Posted at 14/1/2025 18:03 by extrader See this explanation ex MinorMiner, which I'm not qualified to assess, but sounds plausible :My hunch is that a ZIOC bull bought a 'call option' fully expecting transformational news. Very reasonable too given all the clues we have had from the firm. The seller of the option would have had the reverse exposure, standing to lose on an share price surge. However what the seller had was insight as to where sell orders existed (manifesting as resistance on the charts) and I venture that this would have been residual stock from the 5.25p placing in July. Thus the seller was prepared to gamble that the premium he received and sight of the sells orders made it a reason bet to accept. However..... The positivity was such that the share price went up through a series of resistance levels where sells may have been clustered , i.e. 7p then 8p and the big one at 10p. As it did so the option seller would have been forced to hedge his upside risk, i.e. to buy shares. Thus we saw repeated waves of buying as each level was breached. Things took an unexpected turn on Tuesday when UK interest rates (via Gilt yields) exploded higher. This happened just as we hit 12p. Sentiment immediately turned through 180° and we got Risk Off. The Brokers quickly turned defensive, probably under orders from their in-house risk managers. ZIOC started to fall back. As it did so the option seller, who had bought shares as upside protection (his hedge) no longer needed them and he had to sell them back to the market. This sent the market lower which squeezed out day traders and weaker hands but, as it did so, the option seller was then forced to then sell more of his hedges bought on the way up. I could see this in the waves of trades and orders being placed and filled via L2. We got a cascade of sells. The upshot of all this is that we ended back at the level we started from - 8p. This has left the market confounded, unsurprisingly, about where all the positivity went. The answer is that it is still there and the fundamentals and prospects remain extraordinarily good. We've just had a lesson in how illiquid stocks on AIM can work. NAI, DYOR etc etc. HTH |
Posted at 06/1/2025 21:04 by extrader Hi HighlyGeared,.."All ducks now lined up, and should go “ballisticR With all respect to your friend, I don't think he (or the market) have yet fully joined the dots. (1) ZIOC (and GLEN, successor to Xstrata) have done all their investor presentations and internal corporate dealings on the basis that they would settle on an NPV-based valuation, with clearly-defined assumptions. As an illustration, this from page 6 of the IPO Admission Document : .."Within 90 days of completion of a BFS, Xstrata has a right to acquire the Company’s remaining 49.99 per cent. interest in Jumelles BVI and the Zanaga Project,at a price based on net present value, as determined in accordance with the Xstrata Transaction documents..." On the previous page, the first 'key strength' of the Offering is ..'large scale iron ore resource with significant upside potential;' (2) GLEN has a corporate history of holding out for an NPV benchmark whenever it disposes of an asset, indeed this hard-nosed attitude may have contributed to the delay in getting to where we are now (along with management change; rise in premium for 'green ore'; East West resource grabs; Saudi's Vision 2030 economic diversification; etc, etc). (3) The current NPV for Phase 1 (12 mtpa) is USD 3.68 Billion and for Phase 2 ( another 18mtpa) another USD 3.68 billion, total combined NPV of USD 7.36 billion. (4) Less than 1/3rd of the Zanaga Resource has been proved to JORC Reserve confidence levels (on which NPVs are based). From the last Nov 23 presentation.."Only 27km of the 47km orebody length has been drilled to date... Orebody supports >30 year mine life, even at 60Mtpa production scale..." It seems reasonable to conclude that an eventual exit price based on NPV USD 7.36 billion could turn out to be a significant understatement. Whatever. Even at USD 7.36 billion and 676 m shares in issue and only abt 7 m in warrants, options etc outstanding, we'd be looking potentially at USD 10.75/ some £ 8.60 per share. Or over 80x the current s/p... Lots could go wrong, of course, but that's quite some risk/reward ratio. The Chinese Foreign Minister arrives in C-B tomorrow. During his 2 day visit, he may well sign off on Sounda Dam, a 'critical infrastructure' 600MW project costed at USD 9.4 billion for which China Overseas Holding signed an MoU a few months back, in the wake of the FOCAC (African leaders') summit in Beijing. This would be another milestone in the newsflow that ZIOC has told the market to expect in the run-up to the Corporate Update and London Investor Event to be held Feb 11th. All pretty factual stuff, AFAICS. As ever, NAI, DYOR etc etc. The 2 x lse ZIOC boards have further info. ATB |
Posted at 03/1/2025 16:01 by highly geared 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 |
Posted at 03/1/2025 15:56 by highly geared 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. |
Posted at 19/12/2024 22:15 by extrader 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 |
Posted at 15/12/2023 11:00 by extrader Top quality post from Jiving elsewhere..."CEO. Marty’s LinkedIn states he was appointed as CEO in November, so he might have been in situ up to 6 weeks already. Noteworthy that the news was released on 14 December & not when it seems to have actually occurred in November. Is Elphick preparing for a week of news, that has been held back as it was before last year's AGM? Board. A new CEO at such a critical time should be immediately be on the BOD. I expect he will be soon, but we might be waiting for a different BOD with at least one representative from the new strategic investor & possibly one less Glencore director. At present the agreement with Glencore as set out in RNS of 23.11.22 is that provided Glen hold 25% or more they get 2 BOD seats; between 10-25% they get 1 seat; under 10% none. If Glen sell part or all of their ZIOC holding to one or more strategic investors their representation may change to reflect their lower %. JV vs Buyout. The appointment of a CEO could indicate that the project is proceeding as a JV & we should not therefore expect a buyout bid - unless perhaps a competing, losing strategic investor should decide to make one. Structure. The Glencore transaction last year concentrated ownership of the Zanaga holding company Jumelles, 100% in ZIOC. It was always possible that strategic investor (s) would take a direct stake in Jumelles - ie an unlisted stake for a fixed price paid to ZIOC based around NPV. Leaving ZIOC with the remainder of Jumelles (a bit like the pre 2022 ZIOC arrangement with Glen). But now it seems possible, even likely, that strategic investors will join the project via ZIOC share transactions - secondary, primary or both. Secondary/Primary. Potentially strategic investors could enter the project via a secondary purchase of all or part of Glencore’s stake. This would be mean all the monies passing to Glencore and not ZIOC & we would suffer no dilution. The BOD at the AGM is seeking authority to issue 20% or 126.6m new primary shares (with no pre-emptive rights) to a shareholder (s). This primary transaction would involve both funds flowing into the company & of course dilution. It is quite possible a strategic investor (s) would undertake both transactions - getting say, a 40% stake via a secondary purchase of 20+% from Glencore and a 20% primary issue from ZIOC. Price. The last 13 months of negotiations & particularly the decision to seek new estimates from the Chinese EPC partner suggests to me there could have been prolonged haggling over terms & particularly pricing with strategic investor (s). An ‘NPV based share price’ for a secondary/primary transaction would be substantially higher than the current share price. The 2019 Presentation (P20 graph) gave the crucial NPV estimates for Stage 1 @ 12m & Stage 1+ 2 @ 30m outputs based on the 2014 FS & a 65% Fe concentrate price at $110. The Stage 1, 12m NPV was just over $2b & the Stage 1+2, 30m NPV was just under $4b. The lower Chinese EPC costings & favourable changes in the iron ore market will have changed those estimates significantly upwards. Of course even if all parties agree on an NPV a strategic investor can still demand a discount to NPV. An NPV based share price. To use very simple approximations (key variables apart from NPV being FX & ZIOC share count). But currently a $1b NPV equates approx to a share price of 125p. So the old range of NPV as above from $2-4b would mean a 250-500p NPV based share price. Optimistically taking a 500p NPV based share price, a primary sale of 126.6m shares would net ZIOC £633m or $808m at todays FX. Gearing. The 2014 estimate of $2.2b was to have been funded by a mixture of equity and debt/project finance. Edison in their research report in 2014 suggested the proportions: “We believe that the overall equity cheque will be US$0.8-1.0bn, with the remaining funds coming in the form of infrastructure and EPCM related debt such as export credit financing. The company expects to source credit finance from multiple jurisdictions on attractive terms that normally pertain to infrastructure backed funding.“ 99 in a post 13.12.23 suggested the equity:debt/project finance might be even more favourable ie needing less equity finance! Quote from 99: "With a Chinese builder you probably will get 70% of the build financed by Chinese banks, then you need someone to put up the remaining 30% in return for shares in the project (The Strategic Partner)" With significantly lower costings expected from the 2023 Chinese EPC it is likely the equity component for Stage 1 @12mtpa would be at or lower than the $800m suggested by Edison. In conclusion, if ZIOC/Glen are able to find a strategic investor (s) willing to pay an NPV based share price of £5 (Zanaga NPV of $4b), the sale of the 20% primary stake would generate sufficient equity capital to finance Stage 1 of the project, the balance coming from debt/project finance....." NAI, DYOR GLA |
Posted at 28/1/2022 09:13 by jack4691 Greenelf, suffice to say You are just another Ramping Fraud like MoneyMunch, Gismo, Gizmo etc. Criminals who try and con innocent investors with FAKE NEWS. The plain fact is the ZIOC share price is going nowhere, railway or no railway. Try harder 1D10T !! This morning the share price is DOWN 6% thanks to the FAKE NEWS from that B1TCH !!!!!!!! |
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