The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just a minute ago, that is some return in less than a week gla
Just a minute ago, that is some return in less than a week gla
NOTG did you actually bother to read to the end of the article? I for one didn't know anything about what's in the following bit. There are also allegations of asset stripping, discontinuation of development projects and allegations of corruption that have been raised against the group. It is alleged that when the group changed hands in 2015 development projects that were operational such as concentrator operations at Bindura Nickel Corporation, gold processing at Freda Rebecca Gold mine were either put on hold or discontinued altogether. New projects that were at planning stage such as the smelter and mining operations at Trojan Mine also suffered the same fate. Information gathered by The Herald Business shows that the Chinese executives were planning to stop concentrator operations at Bindura Nickel Corporation to create a platform for exporting raw nickel ore to China. The smelter restart at BNC was also reported to be under threat as management was said to be less interested in resource development choosing to focus on mining the company's rich deposits to recoup their $20 million investment. Furthermore, investigations revealed gross mismanagement at Freda Rebecca Gold mine which has resulted in the collapse of its main gold processing plant Mill I. This has affected Mashonaland Central Contractors Board, a group of contractors supplying services to ASA, which has been experiencing delays in payments, among other issues. "Locally Freda Rebecca Gold Mine and Bindura Nickel Corporation are under siege. They are now shipping raw ore to China after stopping the concentrator at BNC. The work on the smelter has been stopped," the MCCB said. There are fears that the Government could also have been prejudiced of millions as the company stopped value addition in favour of exporting raw ore.
im still 30% down :(
nice profit in a couple of days well done all.
That can be the only reason why the bid has held up so well, I figure we will see quite a few big delayed trades soon, sentiment is certainly strong considering the rise yesterday (albeit after a big unnecessary fall).
Exactly what I'm trying to say George, the market makers are showing nothing but sells yet for some reason the bid and ask price are rising, the ask has been firmly at 1.7 most of the day, there is a delayed buy or huge buys being worked in the background which is why we haven't seen anything yet, this is going to 2p in no time baby
theres so much selling then why has the bid moved up, just proves that you can never trust these numbers.
It looks like it ace, sells coming up non stop but there's hardly any buys being printed, i suspect more delayed buys after hours because the ask is firm and the bid is rising, MMS running out of stock and they need to keep themselves covered
Are there buys going on in the background as the bid price keeps rising with no buys as bid is now 1.65, I can sell over 500k at full bid 1.65.
If this SP reaches £1 then we will all be major shareholders. Now that the Chinese Gov't are involved who knows what might happen.
And sp is climbing, definitely a big buyer in the wings Don't mind me, I'm just polishing the space shuttle to the moon, because not long to lift off!!!
Market Makers need shares, ask is still 1.7 and hasn't budged, looks like it will be another day of large delayed buys after hours I'm sitting tight until 2p+ because like I've said, this was heavily oversold and the market now realises this, infact realised yesterday when the news said it wasn't as bad as first thought. Nothing has changed here apart from the board taking immediate action which is a massive positive, anyone that bought in sub 1p has almost made a full 100% profit in less than a week, this isn't stopping in my opinion, but it will be small gains now as I said yesterday. Yesterday was the turning point, today as I said will be 10%+ gains and most likely to continue in my opinion, and the price action seems to prove me correct along with whoever is buying big.
Sold out good luck all
Nothing we don't already know, there's a reason the Chinese CEOs were given the boot, they are no longer on board and things should now start to continue as normal 1.7 on the ask, large buy order being worked in my opinion, looks like a **** drop to trigger stop losses but I'm not selling until we hit 2p+ levels no sir, pesky market makers at it again I have no doubt our Li Kung Pow investor is still adding
Not sure what to make of the last part of this article. http://allafrica.com/stories/201704200143.html
Now 1.7 on the ask even though there have been sells, it is very obvious there is someone smart enough to accumulate big on the drop!!! BOOM!
totaly agree. This share was hyped up by a few twitter "guru's" one of them has made plenty of money out of it, but was either taken in and stitched up like a kipper or part of the scam. Total sham imo They will find more skeletons here and raise more cash. The scammers ranaway with the loot because its worthless imo.
lol woooohoooo sure this whole is debacle is one big orchestrated scam timing of the RNS's odd why didn't they release the RNS's as one with the heres the bad news but the good news is. Also should of all been RNSed pre market open not a day apart. Should of suspended and released one RNS pre market open. whole thing stinks wonder how many of there buddies were picking up cheap shares on the crash knowing a second RNS would follow with better news.
wow, he spent just over £4 grand. not exactly spuing confidence.
I said it before and I'll say it again, this will go higher based on how oversold it is and i am clearly not alone when it comes to this thought as we saw some mahoosive buys after hours yesterday, why would there be £100k+ worth of shares bought in bulk yesterday? Because people know that this has legs on it, and we are moving back to the 1.8p range, and then inevitably 2p where i believe we will get some news regarding the projects and could potentially see this achieve yearly highs of 2.8p because the billionaire business man is still buying Smart money, follow it.
Buy...rns out
ZK believe there in advanced discussions with randgold on this world class gold project
Think it will take time t get back confidence of many share holders.ZK is i believe the game changer
As I mentioned yesterday, plenty of scope to work out deals with creditors and no need for placement in this context. Mr. Ning was instrumental in removing previous CEO from the board. But he now had to go for similar grave violation of corporate governance standards. In fact his initial CEO appointment was always intended for the short term. He seriously lacked the experience to be a qualified CEO of a mining company. Also he hardly spoke any English. His oversized ego stood in the way to recognize this in time. His disrespect for corporate governance standards now cost him and his henchman Kwan the job. Shareholders should be happy he blotted his own copybook so badly. Our management is not hanging around nor “lying all the time” but instead acting and doing so in the best interest of shareholders. Frankly, we should feel encouraged by our decisive board of directors. It is also is well received in Zim apparently and people can now see that corporate governance standards are maintained consequently by the Board, even if it had to cost 2 CEO’s their jobs in succession. I am sure better news will flow before long and my bet is on an SP of at least 4p by the end of the year driven by a much steadier gold price in the second half of 2017. I am also hoping to see the new website soon as I am sure it will be a lot better than the current one. Unfortunately I missed yesterday’s opportunity to buy a few more shares.