RE : Vietnam25 Feb 2016 16:29
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 ??!!