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.
I would hope the suspension will lifted asap :)
That's a big relief, now the Korean Zinc JV is going ahead
I for one will be glad to be clear of kp1 , if we can look at it as a learning curve and progress to a better brighter future ?! Can we get back from suspension though ? Yes good luck ZOX and good luck to us too . HAPPY NEW YEAR LTH
......and a fresh start with a proven process......good luck Zox
ZincOx is looking to remerge from the ‘ashes’ or should we say the ‘Electric Arc Furnace Dust’ to develop a new recycling plant in Vietnam. The press release is short on technical details on the project but does tell us that it’s a 51:49 joint venture in favour of Korea Zinc and that the ‘Definitive Development Study’ is expected to cost about $2.5m. If this cost rises to >$3m then ZincOx’s interest will be diluted proportionately though ZincOx will be able to buy back its interest to 49% in the following six months. The new Vietnam recycling plant will be based on ZincOx’s developed Rotary Hearth Furnace technology and with capacity to treat 100,000tpa of EAFD. We guess this could result in 30,000t of high quality zinc oxide (80% zn) production worth around twice as much as zinc concentrate plus some by-product iron. This should lead to a significant increase in sales for a relatively modest increase in overall operating cost leading to a substantial uplift in margin, value and profit compared with the last plant built. We believe the ZincOx plant built in Korea is now working well and enjoying the benefits of the significant uplift in zinc prices since Korea Zinc took control of 91.3% of the plant as part of a financial restructuring during the prolonged commissioning process. ZincOx shares were suspended on 28th October and must requote within six months to avert delisting. Debt: ZincOx is carrying £3.78m of corporate loan notes with interest accruing at 10%pa from 1st August 2016 and are due for repayment in January 2018. Assets: ZincOx retains an 8.7% interest in the Korea Recycling Plant which it designed and built. Very sadly extended plant commissioning combined with prevailing low zinc prices allowed Korea Zinc to take control and majority ownership of the plant just ahead of a recent and sustained rise in Zinc prices. The value of Zincox’s stake in Korean Zinc Recycling Plant should now be substantially more than the last implied value of $6.3m. ZincOx also owns what is described as a valuable plot of industrial land in Turkey. Conclusion: It’s good to see ZincOx re-emerge from losing control of its Korea Zinc Plant. It is interesting to note that Korea Zinc are still working as cooperating partners with the ZincOx team. Korea Zinc must respect the skill and knowhow of the ZincOx team and must also need to utilise these skills to advance with their next EAFD project.
Simple answer , I don't think you can CK . Since we have been temporarily suspended ,no trading is possible the share price remains at .45 the price it was at suspension . But can the suspension be lifted now or are we still tied to the aim rule 15 about a reverse takeover ?? Anyone ?
Sorry for my ignorance, but now ZOX has been delisted how does one go about selling and buying the shares and checking the price?
.....it's a long way back to recovery....but we are back in business !
RNS OUT ..... looks like we're not dead and buried after all ?
I wonder what the purchaser of the 500,000 buy late Friday knows the day before zox is suspended!
An interesting comment on the current LSE video re Ferrum Crescent at 4.02 minutes. The company Chairman says that zinc will be taking off from now on
Secrets in the co status now...
Should get interesting soon
Any ideas.
Yr right
My theory is that the nibbling is down to pure stupidity
Over the past 17 years the Company has been at the forefront of development in new zinc recovery technology. This experience can be applied to various primary and secondary zinc opportunities and the Company remains hopeful that it should be able to secure a suitable flagship project before the year end.
So this is a dead duck then?
Someones been nibbling away for the last month. Anyone have a theory why that would be ??
showing as a normal o trade also ng trade if you want to buy so theres definately no stock about
re- 7m buy NO is 3.5M roll over, clue same time first sell and then buy and price just a bit different, pay more for the buy
The risk here is the big possibility of Delisting.
7mill buy whats going on here
remember looking at this a while back looked good can the bod turn it around now that zinc is increasing.high risk high reward
I don't think so !! More like MMs playing upsey downsey to get shot of stock if possible ...... and it works Check it they will drop price after hours before they go home only to raise it again tomorrow morning to get more buying on the rise ...... works every time !! AIMHO DYOR