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Find any news on what exactly is happening RE our suspension and the new venture ? We dont have long to go until the 31st of April when we will be forced to leave AIM !! Some good news ZOX please ?
Could really do with some follow up information on the trials in space as per 16th Feb RNS . So sums up this company the lack of pr and info for shareholders is a constant disappointment . Come on CRON get your finger out , what is Paul Landau doing since his appointment at the end of Jan and how did the trial in space work out ? I know it's not been long since either event , but i've been hear bl00dy years now and nothing ever happens it is about time Cronin put some of his brain power into the SP and get some return for VERY LTH . PLEASE
RNS out WOW Prof Cronin said: "It's exciting to see digital chemistry being trialled in space for the first time. Low and zero-gravity offer a range of new opportunities for performing chemical reactions which I believe will only be able to be performed routinely using a digital chemistry platform Maybe life in this old dog yet ?
Great RNS , at last someone more interested in getting something to market than fiddling around in a lab . This can only be good for CRON and us .
Hopefully when they realise the mistake they'll put out the right one that says we're all going to be rich due the prof's new invention .
This RNS is the same as the 9th of jan one , is it not ?
i hope your right Lancygeo , but , i don't like this wording " a special purpose company has been set up to develop the recycling plant " i wonder if that means ZOX as we know it is not going to be re-listed as quick as we want ? Can we hope to trade in the special purpose company when the old ZOX only own a maximum of 49% ? Looking forward to my worries being proved groundless Go on ZOX
Welcome on board Costa77 , hope you dont have to wait as long as i have for something to happen here ...... i've been here since mid 2012 hoping prof' Cronin can deliver something of his potential to the sp , still waiting !!? Good to have someone else involved , good luck to us all.
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
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 ?
RNS OUT ..... looks like we're not dead and buried after all ?
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.
Is it actually dead tho' CK ? Or just ............ Ah well , time will tell , i still think there's hope , but not much ?! A few decent buys in amidst the panicked herd bailing out . GL
BOOOOM ?! Sorry couldn't help myself ?! Anyone know what this rise is all about ?
NICE RNS . Like the sound of this : This Placing gives the Company the wherewithal to evaluate various exciting opportunities using our extensive metallurgical expertise Good luck all
itsaduster , at last a sane post , the last couple of days have been lunacy , driven by the "I bought at the bottom ramp , ramp , ramp , sell !!! " brigade , lets hope it's all calmed down now and we can wait for ZOX to sort it out as soon as they can for the benefit of all LTH . GL ( to all LTH )
as you were , back to sleep then ?!
WOW , that's some serious reading right there ?! Well its the first sign of life from this company for months and months , at least now we know they are up to something even if I can't quite understand what it is ?! Is that article why the sp is showing up over 15% on here ? GO CRON !!!
Well , that took a bit longer than expected , but we are now debt free ? On wards and upwards?