I am forming a view that the MM are behind the curve here.
Several days with higher buys than sells but MMs move the sp down .......... suggests to me MMs are gathering stock in. A spin off of this fact if it is a fact is that MMs don't see a reason to hold stock .....or this was their past position. Of course this hints that they could now see the point in upping their stock holding now.
So all to play for as MMs climb up the curve ?? IMHO
Graph still looking good
I was looking for a grey trans or a pair of matching trans one blue and one red in the spread..
But actually I don't know about systems so ..........
The volume is right I guess but the price is wrong
so my theory is unproven
but good news ......another decent buy pushing price up and reflects a recent 500,000 buy
Looking good but after many years on this exchange I still feel I have no idea how it works.
The facts ........
1) The last deal although recorded after COP must have been established before 16.30 and possibly after 14.00 hrs
2) A £10,000 business day is frankly small beer but lifted sp by 20 % !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
3) Virtually no selling
4) Signal buy of 2 shares at top of spread
My guess is a buyer bought off a broker just before 14.00 hrs which was followed by a further purchase which the broker couldn't fill.
So he asks for another broker to help him out with a tranch of shares stating the price he has got the deal at ie 1.15p
This is important as I would expect the brokers to split the spread. At this point we don't know the size of the deal between the brokers.
Once the brokers have done the deal then the sale to the CM can be declared hence the after hours shinanigins. The first broker may have had probs getting hold of someone to respond so the whole thing over ran hence the need to keep the books open after trading closed so they could lodge the CM dealings on today.
So tomorrow could it be we see either a grey trade in the middle of todays spread ( not plus or minus or bought or sell ) or we see a matching buy and sell for a matching amount again in the middle of todays spread.
Very interesting .......... meaning brokers (MMs ) will have to pay attention to building stocks which with such a small number of shares on issue might be good news for us and if there is an RNS on our future business development then ........ I will be glad I am here.
This is just guesses from me ......... I don't know anything
Money Week predicting another dot com bust on the horizon ........
ie the likes of google, amazon, ibm, facebook , Microsoft, twitter, apple etc etc all looking very topy with limited upside and little wannabees chipping away. (facebook apparently has more dormant accounts than active ones as folk drift away)
We have entered the realm of pure hype and BS
Like who wants their phone to tell them they are out of milk or breakfast cereal or that ridiculous TV advert suggesting we want to use our phone to turn the central heating on.
Reality check soon ....... where does that leave us ?? About to take a hit with the rest of them. ie we will have lived through not one but two massif IT bull markets but only responded to the crashes and although we boast to be a world leader as a supplier to the IT industry we have been completely left out of both gravy trains.
This convinces me I am the worlds worst investor ....... the only winner I can pick is gold and that's frankly a no brainer
Oh well head in hands between my knees and rocking back and forth until nurse comes in.
....... they have had to hand over 90% of the nice big smelter they built........
but .......
They got rid of all their debt, kept 10% of the old ZnO to be expressed as a holding in KZ eventually I think,
issued more shares for 400K into bank, Kept the patents to the process, they have Vietnamese permit to do it again if they can raise finance and they have a good proposition to offer.
So glass half full for me and the tap is running though slowly just now.
up today in handsome style so we look for close above 1p for 3 consecutive days before we feel confident.
But if the gap is closing then it will be good. As other poster has pointed out we are climbing into prices occupied by a bunch of stale bulls and other long term holders. ie from 10p up to 120p. Movement above 10p will be very much into head wind of sellers so it will be performance based, The market is in no mood to reward promise only results now.
Hope there is a wiggle at he base of the verticle rock face.
Good observation wrt shares on issue. That will help and suggests a good out and back in routine. Watch them surprise me.
So lets hope they come to shareholders for some finance. Be interesting to see if KZ get a look in. That will be a good indicater as to business relationship and possible future buy out from KZ. !!!???
Don't take heart from me I am the worst investor you will see on the board Honest !!
Very important to think your own thoughts and remember who has the motivation and who gets the rewards
No one will ''give'' you anything
Take care !!
I am a gambler ..... not an investor small punt at 0.65p and I have stated my reason fully.
The main draw back I see as the BOD have been exhausted by their efforts in Korea .....
But I am hopeful they have learnt many lessons in Korea and the whole thing will be easier here.
I wont put more than 5K in here unless we get sustained sp above 1.5p and some good asset statements. We cant get income from KZ until they start making money which might be sooner than we think as they are good Managers.
is fiddling around at $ 0.85 lb
Up from $0.65 lb a few weeks ago.
Big dump yesterday into LME of 10,000 tons
but stock holding still looks good to go down and sp to continue up after this dead cat bounce is done ..... say Sept 2016
Yeh Yeh I know the licence is granted !!
I am waiting to hear ZnO state '' We have the finance and we are going to build an extraction smelter in Vietnam with the money.
ie we are going to shareholders for $30M dollars and the XYZ corporation of China will put up $90M. @ 1 year interest free then 6% and maximum default period of 6 mths which if exceeded ZnO loose all the plant again but keep a 10% portion.
When you are borrowing $100M dollars it aint a done deal until the money is in the bank.
Estimated time to build is 1 year Oh and its quite a small plant 2000T a week
now it would appear likely a big seller (IFC) is done so remaining share holders may not provide a sustained selling stream which IFC has done over the past weeks.
Additionally we can reasonably expect some favourable news flow. ie release of balance sheet showing significant Assets (not least a holding in KZ). We don't have a clear run to financing and building a smelter in Vietnam but permits are established and approved and we have process and experience so it is reasonable to expect our involvement at some level. Additionally with the Social and environmental benefits to be gained by building a Zinc smelter in Vietnam's steel alley there is little doubt it will be built.. The only unknown is when and hence there is doubt still about our involvement.
Back up to $0.85 (from recent low of $0.6) and graph looks good
LME stocks still on violent plunge at around 5000 tons a day ,,,,,,,,,, so if this continues we have a new low in sight in 10 working days.
That's just background ........ our real driver is progress to finance and build.
Spread is gross so MMs are working it to rise so that's good
Yes .......... We exchanged I think some $60M in loans from KZ for 90% of our portion of our smelter which we had designed and built. This will eventually convert into a level of ownership in KZ. It will bring clarity if it can be stated as a shareholding in KZ but I guess that will be some way off but should be possible by the time we have end of year financials as it will be needed for balance sheet.