Member Info for I4CU

If they can do 50,000 tonnes again in 2016 that will potentially be $80 million revenue at todays zinc prices not future ones. That should be well above 1.1m pa. for their 10% stake.

´KRP produced about 50,000t of zinc concentrate during 2015 which generated about US$35 million in revenue. The carrying value of the assets in the balance sheet are based on the cost as written down and at 30 June 2015 amounted to US$117.0 million. The Board believes that the Company's, albeit reduced, ongoing interest in KRP is a valuable long term asset. If the zinc price returns to the level seen over the past four years, it could provide a regular cashflow that could be used for the generation of new projects and to cover overheads.´

And looking at the chart which is where the price fell off the cliff, into a punch bowl. That just confirms my calculation, how weird is that.

7.4p in my book.

I think that was a pre-prepared out dated statement in the case they hadnt agreed financing in time, the low zinc price comment was a giveaway for that, that is not the prediction for zinc at all, it is expected to recover well. I am looking at the company being wound up value, if they continue then they are in good company and your prediction may be correct until they find extra financing for a another plant, maybe in Thailand.

As long as there are sellers i think they will try to play the swapping fivers for a quid game for as long as they can manipulate the price, during this uncertain time.

the MMs are rubbing their hands with glee. Like getting fivers for a quid.

They are trying to make the most of unpleasant weather, as usual, par for the course.

The shares certainly arent being dumped, they are being chomped up Pacman style.

The shares certainly arent being dumped, they are being chomped up Pacman style.

;)

Ambiguous you mean..lol

We need to know what the remaining 9.5% is worth as a share price.

´´The company said it planned to continue trading as there are "parties interested" in developing others plants using its proprietary core technology, and as the 10% remaining share in the Korean business is still a valuable asset. "If the zinc price returns to the level seen over the past four years, it could provide a regular cashflow that could be used for the generation of new projects and to cover overheads," it said. Chairman Rod Beddows added: "We are obviously disappointed that we were unable to secure additional funding to retain 100 per cent interest in KRP. "However, our ongoing interest in the Korean Recycling Plant is significant and may act as a building block for the company and a source of cash if the zinc price returns to more sustainable levels. The company has proven an exciting new technology and we look forward to potential partnerships for the development of new projects." The board said they will announce their new plans soon, which could include raising cash to build a new business or winding down the business and selling remaining assets and returning cash to shareholders.´´

is that a good thing? :\

Par for the course then ;)

as the stock is sold its slowly being bought back. A dead duck no one would be buying back, thats not the case here. Its all being manipulated, negative outdated statements etc. Thoughts anyone.

mcs - hes trying to invest at a lower price, it appears. Maybe he got in late and missed th boat this morning..lol ;)

Barford - you are propagating negativity though, diluted to 9.5% from 10%, isnt zero.

´´in which case ZincOx’s interest in KRP would be diluted according to a formula based on the imputed value of the company as described above. For example, if the US$3.4m required during the transition period were to be capitalized, it would have the effect of reducing the Company’s interest in KRP from 10 per cent. to 9.5 per cent.´´ Still way above the current share price, unless someone can prove me wrong.