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BIG RISE .
Just also worth mentioning in the last 12 months the sp has risen from 0.66 to today at 3.24 .
That is quite a rise .
I think perhaps LTH loyalty may yet be rewarded
In the auction that closed on 27th February 2019, 466,000 shares traded at 3.24 pence per share.
another nice little rise in the sp this month but a large increase in the shares wanted ?!
Steady away Zincox
GLA
Good link djframboise,
Sure not dead yet, if only Zincox can find more companies
that produce EAFD for them to treat then this could still be a success,
The technology is there and its unique, so hopefully things will
improve in time, Its just identifying the right markets etc.
Hi fella, I took the offer to sell 50% a while back but still holding a decent wodge. I also have a lump in a CFD account which I'm surprised weren't removed. Had pretty much written that off. That wasn't my wisest purchase but if this phoenix ever rises, I'd be one happy fella.
Nice link djframboise .
We are defo not dead yet .
Big changes for Zincox this quarter i'm hoping .
GL
Hi, not sure if anyone still looks here for ZOX but saw this yesterday: https://www.steel-360.com/personality/the-environmental-friendly-way-to-treat-steel-industry-waste-zincox Don'y want to build my hopes up but maybe not dead yet....
Many thanks fella :) good luck to all the LTH's
Yea me too , Lancygeo , if this works out for us we will be looking really good again .
Moxico Resources PLC is an unlisted junior British exploration and mining company focused on copper in Zambia. Moxico intends to list its shares on a recognised stock market in the first half of 2019. ZincOx holds a 4.94% interest (12,500,000 shares) in Moxico which it acquired in 2017 at a price per share of 6p. Moxico has recently raised approximately £8.5 million at a price per share of 12p.
Moxico is building a portfolio of copper assets in Zambia. It has two principal projects, Mimbula and Kalengwa.
Further details of Moxico can be obtain on its website, www.moxicoresources.com
I'm still hopeful :)
Please find below the final order book for the ZincOx Resources auction that closed today at 4pm.
In total 19,272 shares traded at 3.0 pence per share.
Price keeps going up !
Money also received
Money received and redeployed.
If the resolution is passed CREST accounts will be credited with the proceeds due under the Tender Offer, cheques despatched for Ordinary Shares to non-CREST holders, pursuant to the Tender Offer, at the latest on 10 September 2018 and the 117,958,855 Tender Offer Shares cancelled, following which the Company would have 122,454,564 shares in issue and options and warrants over 54,480,000 shares.
The Tender Offer closed for acceptances at 1pm. on 16 August 2018. The Company received valid
acceptances from Qualifying Shareholders in respect of 117,958,855 Tender Offer Shares. This
represents approximately 98.13 per cent. of the maximum Tender Offer Shares available under the
Tender Offer, meaning that all shares tendered will be purchased, subject to the passing of the
resolution referred to below.
The purchase of the Tender Offer Shares is conditional upon the passing of a resolution to be proposed
at the General Meeting to be held at 11:00am on 4 September 2018, at the offices of Eversheds
Sutherland (International) LLP. The latest time and date for receipt of the Forms of Proxy for the
General Meeting is 11am on 31 August 2018. If the Conditions are not satisfied prior to the close of
business on 4 September 2018, the Tender Offer will lapse.
I see the offer appeared in my portfolio on share.com yesterday: ZincOx Resources tender offer asst
like larryh, I am (have) taking up the 50% offer. That is a drop in the ocean compared with my overall losses but would rather gamble on something sometime materialising from the remainder. Given I had effectively written off the whole ammount, the 50% is a bonus and any future possibility even more so. Let's hope global zinc prices go through the roof!
One can put all their shares forward in the offering and if less then 50% of all shares in issue have been put in then there is a good chance that 100% of a PI's shares can be sold in the Tender Offer.
I am taking up the offer as it is only a half of the total and will invest that money in a fairly reliable AIM stock.. That way at least will be a 'belt and braces' opportunity..
I have had a long chat with Zincox who say the reason for the Tender Offer is that when they spoke with share holders, the share holders said that as Zincox are not doing any thing with their spare cash to return it to the share holders.
Zincox also said that if their current operations come to fruition then there is a high likelihood that they will re-list on AIM however if come to nothing then the company may disappear altogether and any remaining shares will be valued at Zero.
It seems to me what is on offer is to either take the 2.5p and run or hold out for 18 months with the possibility of a re-listing and for the small share holder getting most if not all their money back or if bought in at a low enough price to actually make a profit or for Zincox to disappear altogether and getting nothing for ones shares.
I don't find anything else online except the document on the Zincox site. I find their explanation a bit strange and can only assume they would like to get some of their share of the cash available too and this was a method to achieve that. The feel of the document is that they still see a future for ZOX and the cash doesn't really play a part in that which I also find odd as they talk about needing to find a significantly higher amount to fund new projects. I am minded to accept the offer for 50% and hold the rest on the off-chance that one day they come good. I did also buy a lump via CFD which wasn't my smartest moment. They continue to sit there with 0 value.
Had written this off ages ago. Doubled up just before the death so potentially good news. Anyone found any more info?
Whilst the Directors have reserved their right to participate in the Tender Offer at their individual discretion I can inform you that Management and those involved with the running of the Company who hold, in aggregate, approximately 24 million Ordinary Shares (representing approximately 10 per cent. of the Company’s existing issued share capital) intend to tender over 50 per cent. of their Ordinary Shares.
I am in the same boat as many of the rest of you.
What happens to any shares we do not sell, are any of the 3 major share holders selling or do they know something we don't and in the long term maybe more profitable for the average PI to hold on to their shares rather then sell?
Is this offer to buy, basically Zincox trying to reduce the number of small share holders, thereby making things far easier for the company going forward as the chances are the average small share holder will be able to sell out completely.
2.5p represents 38% of my average price, in this respect I'm not as badly off as many other investors.
So the offer is 2.5p. they've sent out the circular to all shareholders i believe,
I think once they buy back half the shares, ie 120,206,709 then our percentage increases.
Id like to vote no so we can obtain a better offer, even another penny, 3.5 would help as my
current average per share is 14p.
My shares are still in my lloyds share dealing account so id have to find a broker and certificate them too.
They want to reduCe the share count but more importantly also reduce the number of small shareholdings amongst the PI.