I get the feeling , over the seemingly endless years I've been in here , that the exclusive off take agreement with Korean zinc was the companies stumbling block , the inability to diversify into the higher grade/higher profit products that they know KRP1 could have produced was denied to zox in Korea because of it . The years , AND YEARS ! Of teething problems and the costs incurred to sort them out ( which they now have , and would carry that knowledge forward into a new plant ) did not , obviously , help . On top of the falling zinc price , which can't IMO last , all add up to the perfect storm which led to the companies failure IN KOREA . I think a second chance is exactly what ZOX needs , and hope they get , the tech is still ground breaking recycling , taking waste for free from mills that used to have to pay to have removed and turning it into a valuable product is nothing short of genius , alchemy ! I still have confidence in the company and it's idea and have put my money where my mouth is by buying ( a lot ) more at these massively over sold prices to average down to an average ( !! ) i'm happy with. Good luck to ZOX and all LTH But please release an RNS , SOON ??!!
I can' t understand why the company would not issue an rns if we have been granted one of the " investment licences " to develop a steel mill emissions processing facility in Vietnam as stated ???
to open 60% up ??
GO ON ZOX ?!!!!
The rumour mill ( or leaky ship ) is never wrong ?! Be nice to open 50% up , eh ?
Placing done to existing investors at 88% premium ?!
RNS OUT ! SOUNDS GOOD !
LOL .
The company have till the end of January to let us know which way they are going to jump on the funding issue , check out BOOM 's 12.31 post .
Morning all , you got ya ramping guns locked an' loaded today major? GLA
MAJOR AND BOOM , YOU TWO ARE THE MOST PERSISTANT RAMPERS I HAVE EVER SEEN ?! There is only you two listening to you so I hope your both buying like crazy , you'd be crazy not too , eh ? GLA
Agreed mate . luck to you too , and any other LTH left ?!
Good to see your still here Lancygeo , my average till very recently was 24p !!!!!!!!! Averaged down big on this latest ( massively oversold ) fall , now sitting just under 6p so still along way till profit , but if the funding pans out it can all still come good . GLA
GO ON ZOX !!!! starting to believe again ?
Just took another 30,000 , reduced my average nicely , hope this works out for everyone . My buy is showing as a sell by the way GLA
ant1986 , I can't quite grasp your position ? you said " Difficult to go wrong from this level is my take, hence the chunky buying! " and then said " At £1.5m I think it can only go one way. Sorry to long-term holders, clearly a terrible month. " ? Can't tell which way your "swinging" on this with two seemingly contrasting comments , could you clear it up for me ?
BOOOOING !!! nice big buys in there too , I wonder if the 100k buys are all the same buyer accumulating ? Nice to see this going the right way again , all got a little scary for a while !
Good news indeed . Certainly seems to be improving the sp , I guess the market likes us again ? Still a very good buy price , Ceanothus , let's hope this little rally continues for a while .
It's a funny one , for sure , the tech is obviously sound , the plant does exactly what it's supposed to do , it is starting to look more and more that the exclusivity deal struck with Korean zinc and the debt structure is the problem . It's still a keep your fingers crossed stock , but has been for a long time , your right tho' zinc price seems to crucial now ! Nothing to do but wait , and remember that there are bigger fish than you and me invested here , with much more to lose .
Well they make it all sound much better than I was thinking it was ?! That's a relief , eh? G L today everyone