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Zanaga Iron Ore – is this $150m related party transaction really the best deal possible?

Tom Winnifrith
Tuesday 10 February 2026

I cannot remember writing anything beastly about Zanaga Iron Ore (ZIOC) but I am sure that a 96% share price fall since IPO is blamed by crazy Meg at Bloomberg  and others entirely on my hurty word scribblings. Today it has announced the sort of related party deal which gives AIM such a bad name and leaves battered shareholders, in this £50 million capitalized company, revolting. I do not blame them

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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