Member Info for fella

Going back to the situation re tie in with Korean zinc the possibility of making more profit from their product is seriously limited , remember , "The zinc concentrate produced by the rotary hearth furnace can be upgraded to an industrial chemical quality with a zinc oxide purity of 99.7%, suitable for most industrial applications and approximately doubling the value of the contained zinc units." This option is not possible at KRP1 because they are simply put not allowed to do it , however at another plant in another country they can do what ever makes the most cash. I think another fully functioning plant IS the only way to go ,all the teething problems ironed out so none of the years of delays that KRP1 suffered and no horrible exclusive deals with anyone ?

Unfortunately it's my understanding that they HAVE to sell ALL the zinc they make at KRP1 to Korean zinc , no doubt at a lower price than they could get else where , that for me is a major underlying problem with the whole Korea business plan .

I wonder if the deal with Korean zinc is so tying as to make it unworkable , and a thai or Vietnamese plant would be structured completely differently so as to make the new plant a completely new ball game , I hope not of course but is pulling out of korea to start again to do it " right " in Vietnam an option , the supply of EAFD in korea is a fcuk up and the finance and handcuff type deal they have at the mo' leaves no wriggle room what so ever , very hard for any company to function well under such restraints ?! Otherwise tho GREAT RESULTS ;¬)

True that , Mattminch , there is defo' a hint of grey to the statement , which does take the gloss off what would have been otherwise a nice RNS . I have no doubt the points you raise are the reason for the SP at the moment the market does not like uncertainty . I too have been here since the 70 days , and have little choice but to hold , and hope .

There are some good things in there : The zinc concentrate produced by the rotary hearth furnace can be upgraded to an industrial chemical quality with a zinc oxide purity of 99.7%, suitable for most industrial applications and approximately doubling the value of the contained zinc units. In order to confirm that this zinc oxide can be used as an industrial raw material, testwork has been carried out at internationally recognised laboratories that qualify material for two of the largest end markets, ceramics and rubber. In both cases these laboratories confirmed the suitability of ZincOx's zinc oxide The Company is focusing on Thailand or Vietnam for the next plant. The plans for Vietnam became considerably more advanced when, in August this year, the project obtained the approval of the Provincial Government and which was announced as part of David Cameron's visit to the country. The Group improved revenues by US$4.9 million for the six month period, an increase of 27% from the comparative six month period to June 2014. This helped the Group turn around an EBITDA loss of US$3.9 million for the first half of 2014 into an EBITDA gain of US$0.8 million for the first half of 2015. The directors believe, therefore, that the current weak zinc price is a short-term anomaly and that the zinc market deficit expected by analysts and forecasters will support the recovery of prices in the near term. And some small warnings too , which I haven't got time to post right now , nothing to worry about tho '??!!!! LOL GLA

RNS out ALL GOOD THEN ?!!

something's not feeling quite right here I'm being offered 8.2 to sell , I hope your crash prediction isn't coming true ?!

HEY !!! Good to have you back spindok , lets hope the next RNS is A BELTER . I am liking the rumour of the green light being given for a Vietnam plant , and hope that some share holder value may be gained from the positive attitude from the company . Is the thai plant still on then or have they changed their focus ? The last fundraising was said to be to push on with Thailand , so what do we make of this news ? And will it all be made clear in the due results ? A good time to jump back in I think . GL

WOW new plant coming in Vietnam !!! Like to here it confirmed in an RNS tho? Samsadler , your my hero , thanks a lot for that GL TODAY ALL.

Don't know what the fcuk happened today , but just checked back to the link for the shares mag article and the head line is : ZincOx fired up for new push then underneath says : Metals recycling group combats supply issue and secures Asian expansion ( I know you can all read yourselves by the way ! ) But do they know something we don't ? ASIAN EXPANSION SECURED !!? Very much looking forward to the next RNS now ............

I am not a subscriber either and aren't about to start now but from the head line which reads : " A resolution to operational problems, a bullish pricing outlook for its end product and a major step forward with growth opportunities are all reasons to snap up metals recycling group ZincOx (ZOX:AIM) at 10.38p. " It must be a favourable read , mustn't it ? ? I'd love to know too , if anyone does subscribe could you cut and paste for us all ? The share price fall , it seems was triggered by a one share sell (or buy who can tell ) at 11.00 AM for 9.25 p But why an MM would need to drop the sp so dramatically someone wiser than me will have to explain ? The 200,000 thousand shares that were dumped up until then on the bid could have easily made the sp drop a little , but this seems well over done , the trend now appears to have changed back to buying tho' with a couple of 50k share buys in there , so maybe just a bit of MM " jiggery pokery " , it looks REALLY cheap again now . Just gotta hope there are no nasty surprises in the update ?! This sort of manipulation always makes me a little nervous ?!!!

If this helps : Compared to the previous half year, in the first half of 2015 throughput increased by 32% and the production of zinc in concentrate by 30%. However, the zinc price fell by 7%, consequently zinc revenue increased by only 11%. The Company has demonstrated that the plant is capable of being operated at nameplate capacity on a daily basis but as a result of cut backs in Korean steel production, there has been a reduction in the amount of EAFD generated in Korea which has in turn restricted throughput at KRP and for much of the half year the plant ran at only about 80% of capacity. Notwithstanding this limitation, KRP generated almost US$3 million of EBITDA for the period. Don't know if that info is what your after , but the plain answer is yes , they are generating cash . Also i'm not that bothered about a new supply deal with the koreans , the company has said : In order to address the shortfall in feed material, the importation of EAFD is being arranged. In the meantime the plant will be able to run at close to full capacity by drawing down EAFD stockpiled during the recent remediation. The first imports are expected to arrive in August 2015 and build up to target levels by the end of October 2015. So , as long as all went to plan the EAFD problem is solved , as a bonus they also said that including the costs incurred by importing the dust it is still CHEAPER than there previous arrangement so happy days there ?! What could be exciting is if there will be anything in the update ( as you say CK ) due any time now , regarding the cash they now have from the placing , have they had it long enough to do anything about the thai' plant that we were told the fund raising was for ? Not holding my breath mind you , but you never know . AHH it's good to be home , and god bless cut and paste . COME ON ZOX GLA

I too do not understand the product or even the company structure anymore , buy have been here so long it would be like losing an arm to sell ( at a loss ) now ?! good luck to you M the S , profit is profit .

YEA , " blimey ! " What was that ?

Ahhhhh , it's like the good old days , me , chrisking and spindok , the only people alive who care about ZOX ?!! Nice to see your still keeping an eye on us spindok , and you are dead right about the markets at the moment nothing is moving , although I have good feelings about SXX and REM , and ZOX of course ( but not as sure and not as soon ) must be 3 days now till update ( don't know how ya know CK , you got AW on speed-dial ? ) so i'll see ya all then , back to work for me ,these bl0000y trees wont fell themselves .

LOL !! Still here CK , away with work for a while, i'm still holding for the big rewards ?!! Well done keeping the board going during this quite period mate !! I'm back in a couple of weeks hopefully so should be just in time for the bumper up-date ;¬)

This has gone back to sleep , eh ?!

Real sorry to here that spindok. Maybe you'll get a chance to buy back in cheaper when things start to get warmed up here , if not good luck with your investments , and pass on any hot tips to your old , trapped ZOX friends . I'm sure you'll be keeping an eye on us ?! G L mate , profit is profit

No idea what's going on , but I like it , lets hope it holds ?!

SORRY FOR MY LATE CATCH UP , BUT LOL .....