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bigmj.... can I ask where you heard that ‘Moxico will list at £1 plus’ ?
Moxico share certificate arrived special delivery yesterday.
Hi bigmj, great to know you are invested here..... a £1 listing would be fabulous :)
Moxico will list at £1 plus later this year , I first invested at 6p (placing), the value is flying up and once listed will really take off
Hi, IG closed my CFD positions after much to-ing and fro-ing but somehow managed to pay me 0.02p / share instead of 2p. Talk about incompetance. No mention how they plan to deal with the Moxico allocation either.
Chris, as Moxico is not traded, I'm surprised HL are showing a price at all. II show zero value for mine which is fine. Last time they changed hands apparently was at 24p. Not going to get rich of that either way.
Got my payout and shares today. Better late than never. I had 58k shares, so left with a couple of k. Not much. Looks like the Moxico was originally 1 quid a share as it shows as down by 75% in my hl account. What a shame this didn't work out. Lost a fair chunk of change. Shame the Chinese decided to dump metals at exactly the wrong time for this company and that the management didn't seem to get the various issues sorted out quickly enough.
LongTrek, I took a look at ZOX website this morning and was surprised to see the final paragraph regarding the liquidation. Apparently, we will get another lump later in the year (full text below). I'm surprised in that case, that your holding has disappeared from your account. Imo, it should not have been. The Moxico shares are certainly more valuable that that. That presumably is the nominal price which is not relavent. Will try and research a bit more on that.
GLA DJF
From zincox.com:
The Company has recently sold its Full Cycle technology to Korea Zinc and received the approval of shareholders to appoint a liquidator in order to carry out a Members Voluntary Liquidation and to distribute cash and Moxico Resources plc shares to shareholders. For details about Moxico Resources plc see www.moxicoresources.com
Please see under Investor Relations/Press Releases for letter to shareholders of 10 September 2020.
General Meeting: 11:00am, Monday, 9 November 2020. To view the Results of General Meeting Click here
On 9 November 2020, Zincox Resources Limited was placed into Members’ Voluntary Liquidation, which is a solvent Liquidation. Mark Newman and Vincent Green of Crowe U.K. LLP are the duly appointed Joint Liquidators. The Liquidators can be contacted by writing to Crowe UK LLP, 4 Mount Ephraim Lane, Tunbridge Wells, Kent TN1 1EE, by emailing recoverysolutions@crowe.co.uk or by telephone on 01892 700 200.
Distributions to shareholders: The first cash distribution was posted to shareholders in December 2020. Moxico Resources Plc shares were distributed on 27 January 2021.
At Moxico’s request, the share certificates have been delivered to Moxico for safe keeping. Over recent months the pandemic has impacted delivery and courier services and Moxico wishes to ensure that the certificates are correctly delivered. Shareholders are encouraged to contact Lorraine Whitehorn as soon as possible to arrange delivery of the share certificates. Please contact Lorraine Whitehorn by email at lorraine.whitehorn@moxicoresources.com
If you held Zincox Resources Limited shares through a CREST account, the Moxico shares have been credited to your account.
A second and final cash distribution will be made to shareholders in due course following receipt of clearance from HMRC to conclude the Liquidation. It is unlikely that the distribution will be made before September 2021.
My share account migrated sharecentre to ii yesterday and can see the Moxico allocation there. They are unvalued but presumably as they are not directly tradeable. Zox still showing too. IG struggling to know what to do with the holding I have via CFD though.
I recieved my Moxico shares today, after chasing them around.
for 2,380 shares the valuation is £23.80.... i wont be getting rich
any time soon i think!
Chrisking - were you able to trace your Zincox 2p / share pay-out with Hargreaves?
Anyone received shares of Moxico? I have not.
I haven't received any Moxico shares, still waiting,
Zincox have now been removed from my Lloyds share dealing account.
I got nothing. No cheque, no dividend. Will investigate on Monday. I hold them with Hargreves.
Panks, I am also with Share Centre and the 2p was paid as a dividend. The shares are still showing in my account also.
Yes, me too, a cheque for 2p per share. No further news re Moxico.
I got the Zincox distribution of 2p / share last year. Awaiting now the Moxico shares.
Hi. I checked with Share Centre and they mentioned that no comms have been received so far!!! Could anyone please confirm if they have received cheque payment and Moxico resource share information through their share broking company?
Mine was credited directly to my account. Didn't notice for a few days but spent it on a few Sunrise Resources (SRES) shares. According to the ZOX website, we'll get our Moxico certificates in January. I still have some in a CDF account (showing value of .45 / share). Waiting to hear how IG will handle that.
"Distributions to shareholders: Cheques were posted to shareholders in December 2020 and Moxico Resources plc share certificates will be posted to shareholders in January 2021."
Anyone else receive a cheque in the post today ?
I had also expected a phoenix from the ashes but at least it's going to be resolved even if not the best result. I assume we will get a paper certificate for Moxico as it's a private company. I actually have some ZOX in my CDF account as well as in my main share trading account. Online voting is available now until 5/11. Not seen excatly how we do that yet.
I didn't think zox would be wound up, just had a feeling they might bounce back in the future, but there you go.
Anyone know how we go about acquiring Moxico shares as compensation for our zox shares?
Hi, just received the news that ZOX will be wound up. We will receive 2.3p / share but also 1 Moxico share for each 15.5 ZOX shares. Assuming a value of 24p / share for Moxico, that would equate to 3.8p share. Moxico remains interesting though and one to tuck away.
Looks pretty basic at the moment. Some great suits in the picture! So Zincox owns 11million shares in Moxico and last selling price (2019) was 24p. That would mean the Moxico holding would be worth north of 2.5m pounds. Certainly not peanuts.
Hi Lancygeo, didn't know how to take this press release. Shares have continued to trade on AM albeit at small quantities. Maybe we're on the way back to a full listing? Who knows?
The new Moxico website is up and running.
https://www.moxicoresources.com/