Could be .......
At least at a premium which suggests a positive future. and surely an incentive to get something up and running and some faith that they will secure finance to get something built.
Of a big environmental disaster along Vietnamese coast line caused by a giant steel mill (200 miles damaged).
Anyone else seen it ??
I guess it might help motivate a more urgent approach to organizing clean up of dumps.
Could it be the cash raising is timed to be just before the delisting and again the buying is so that when listed again folks can realize decent gains on the re-listing. ?? Just a thought.
Possibly just waiting for the current drilling prog to complete ...... scheduled for end June but delays from breakdowns ( incompetent Management of drill machines ) on both the drill rigs pushing this out ........ could it be end July.??
I wouldn't think we could begin mining until reserve is at least 8yrs mine life.
Grades do look good ....... hope we can keep this up and hope Management doesn't roll over to an easy life just taking convertible loans off the Aussies at monstrous give away convertible rates ( ie 100th sp ) Managers and Directors do this just to keep themselves of the dole que. and screw the PIs.
Someone buying before the de-listing.?
ie ready to make a killing if the ZnO bod are able to put the new plant together ? and the share is re-listed.
Its a plan and a fair gamble
.....get paid out 0.1p in a couple of yrears after the accountants have gorged themselves to engineer the liquidation and morn a sad end to a once great idea
........only a few weeks away.
I will stick though and hope for a rerating if and when it comes back to market with big new investor in tow and in built dilution.
Still breaking north at a rate and stocks still crashing.
Great for Zinc but bad for us as the steel mills wont let us take their waste dust at a decent price. If they see the Zinc price climbing they will want a big slice of it and so will cut us out leaving us no room to cover our very substantial costs.
We will only build a new plant on the back of some decent supply contracts.
So maybe the Vietnamese steel mills will get together and form an investment company and then use this Co to finance the ZnO roasting mill ...... that way they can benefit from ownership and we can benefit from their investment.
QED Duster
Likely you are right ....... only buys and no sells showing.
MMs trying to walk the price down ??
Two things I don't like here ........ Aussies involved and they specialize in diluting the PIs out with endless convertible loans at monsterous conversion rates then grabbing the goodies on converting loan stock to effect a complete take over.
Sadly the provisions for some local ownership aint gonna protect PIs
Massive break out today !!
with huge drop in stock holdings ??
Check the graph ie the five year and volume there on
Looking a bit like Condor ?? 5 year graph.
Building nicely then !!
Huge break out on Zinc price as stocks plunge
All happening now ...... but we have sold out.
Will we be offered waste dust at an economic price now into massively rising Zn price ??
we are struggling to establish a supply of feed stock at a sensible price which will allow us to make some money. As the price of Zn climbs and stocks fall it wont get easier. ?
We can only move if the capacity of the reclaimation plants already working is overwhelmed and we can then buy or get given the waste at low enough prices to close the risk sensibly.
I am expecting a de-listing off AIM in a couple of months.
Bit previous mate
The recent release of info very encouraging but remember they set the scene for and AIM suspension so you could be way ahead of yourself.
Encouraging cos they have quantified our position and reported. From this we know there is a big overhang of debt which already has nibbled our 10% of KZ
The residual legacy debt has been kicked down the lane by 2 years but it will still come home to roost ....... and who knows what our position will be in 2 yrs
but.........
on the plus side we have won the licence for the new build and we are currently looking out for a site to locate and we are in the market for a partner which seems to be a good conversation at present.
Sales are progressing in USA and Turkey ( don't expect anything from Turkey they have massively overplayed their hand so business is on hold for now ) ( and in USA Arabs are repatriating billions so sales of real Estate are seeing volumes up and prices down )
My call is when you see the price harden it means we have a Partner interested in signing and putting the required £110M in. What that will leave us with ??
The other big plus is the BOD and Senior Technical staff certainly look committed but price never to climb to previous levels ........ why else squash historical options ??
Finally Zinc price ........ LME tonnage below 400,000 tonnes (down from 1.3M tonnes of a few years back ) That's good and even better with closure of some giant mines the supply side has markedly reduced. Against that world consumption has fallen and every Chinaman has found a small Zinc mine in his back garden. The net effect is that stocks are not declining at the rate that was anticipated. Hey ho !!
But for me I like the share ......... on grounds of the technology meeting a serious environmental need and proven and endorsed on a plant twice the size of the one we propose......... so I am a buyer and a holder but I expect to be here for a couple of years at least. building my holding.
Did I read a post here telling us that ZnO is added to a list of presenters at an investors evening at some hotel somewhere.
I posted it was significant news and possibly the most interesting since the closing of the debt.
Now the posts are gone !!!!!
I don't know what to make of that other than presumably we are no longer going to present.
care to tell me how to access info on GPM ie what assets they invest in. Au ok I know but also Ag and Pt holdings and as mines or metal or both etc etc ......
OK got the fat solid candle stick but the cross ?? Its just a line so that will just have to do. So bullish Harami OK but the cross is so deformed into just a minus sign I guess thats just due to low volume yesterday. Oversold definite.
We are well due info on the reconfiguration of ZnO to reflect the change in ownership of the smelter and elimination of our debt.
Anyway I also happen to think we are reversing direction of travel now but not about to close the gap ........ that will only happen when we have declaration of intent to build and enabling finance
Mmmmm you are a little to close to saying truth me thinks
The plans to build in Vietnam is pre the hand over of the Korean plant.
So even with the permits I am unaware they are shouting about building a new plant .... so it will be good to hear affirmation that a new plant in Vietnam is their goal. But we are now thru March so they should have finished the split process and BOD should have made the decisions about the future form of the Co and what they intend doing with our business for the future.
patient duster