Member Info for itsaduster

Very good trading today with buys 6xsells Once finance secure they should be up and running in a year ....... just a carbon copy of the Korean plant but 1/2 the size at 100,000 tons per annum and then on to the next. I wonder if they will sell the American site ? All problems ironed out ie heat exchangers will be lined with fire brick so they will only need two maintenance shut downs a year ...... which is to ne expected for any smelter. I want a decent stake her so bought today. I have got 6 weeks to build a decent stake here I think.

I have puzzled over the way the BOD seemed to cave in to KZ so as to speak ( KZ were undoubtedly supportive though so no slight intended ) As the Vietnam thing unwinds though I think if I had the decision to take I would have done same as the BOD. My grounds would have been to acknowledge the real value is in the process and see that the Korean plant would just take up to much Management time which is better put to the Vietnam project and be content with the 10% Looking for Bod buying again ......... godda be a steal

In the event Harry we had some heavy sellers before close Myself I am getting quite keen here. The graph is showing a strengthening base with a nice flag a few weeks ago pointing future direction IMHO. To repeat Myself. 1) We will have 10% of the old ZnO as a share holding in the Korean Zinc Mother ship on our balance sheet 2) Rising Zinc Price and now quite steep declining Zinc stocks in LME Be very very good indicator if we get to break the last low which could happen in a couple of weeks. 3) $400K cash 4) Licence to build a £115M plant in Vietnam which is in a growing strongly Asian economy. 5) No limits on us ie we wont hold back on applying the best tech including leaving out the troublesome heat exchangers 6) Good close bye resource in steel alley. 7) Good close bye end users 8) Share price on its bum. Highly geared proposition. 9) Some on the BOD are buying. 10) Once finance established there is possible arrival of institutional investors taking an interest on the back of the points 1) to 9). They will be aware since we have had attention and backing from Dave Himself. By any measure that's an endorsement. of the first rank. 11) ................ to be continued

Looks solid today but all small buys, PIs presumably No sells. and then don't you know the MMs have pulled us down. Last week 8M shares bought ?? Not an institutional proposition I guess. I think we have to get to end of March for closure on Korean Zinc. Our only route is to find an investor to raise finance and hook up with us to licence our know how and licencing to go into salvaging the Zinc waste which apparently lying around Steel alley. If we get a % then we will be ......... This could be getting on the radar but no signs of Institutional buying ............ yet. Once Korean Zinc is tidyd up and our 10% stock holding showing on the balance sheet, plus the cash balance and value put on the licencing with an interested party attached ......... our current valuation of £1.5M will look way out !! Yey !! To my un schooled naive eye the Zn graphs are looking pregnant with promise ........ Price has been challenging the 0.8 and although we had a BIG dump last week we have quickly resumed a sharp down trend

Woollett and Beddows buying ......... 1.5M and 0.5M ,,,,,,,,, in IC this week

I cant get excited ........ we have messed up one try so a second chance is only going to result is a few licencing fees. ........... no big bucks for us here but it could enhance our sp to a more realistic level as we demonstrate we are still in the market.

Lifts sp 15% !! ?? Bit of a tight leash that ........

Certainly Directors didn't think Zn price would rise hence they caved in. Guess what they were right there is no sign of any strength to the ZN price, .......... in fact day before yesterday there was a 50,000 ton dump on the LME putting holdings on LME alone at 500,000 tons and price wiggling endlessly at 0.7 So Directors were right ...... if they had of raised the £3.3M they would have still been in the poo in a months time.

ment to say ........ end of story will be 31st October 2016 GL to us

So we are going to try to peddle our technology. Somewhere there must be a huge pile of this Zinc rich dust just lying around waiting to have the Zinc squeezed out. If the tech is valuable then some smarty pants will want to reverse as a shell company into us to take the tech and get going making money out of waste. At least we have a time frame ......... clean up with KZ by end of March when our 10% residue will then show as a stock holding with KZ so we will have a visible value on the balance sheet depending on KZ quoted share price and this will possibly head north as the Zn price hardens with shutting mines. IMHO that's godda be 3 or 4p. Then there will be massive creation of new shares as the new share holders reverse themselves in with a massive cash injection. Lets hope they find someone with rock solid reputation to give credibility and so enhance prospects and value.

Interesting how such small volume has given it such a kick in the pants. Also on the last sell price given is just a smiggen below last buy so MMs are expecting it to go higher soon ?? I think ?? Otherwise how will they get their money back And what does a tight spread mean ? ........... prizes ..... yes well done

I suggest someone has enough sense to appreciate a buy at 0.5p carries a good prospect of a 10 : 1 multibagger within a year. Good luck to them I thing they are right and onto a winner ,,...... now !!

.......dried up then ??

0.5p ........ provided they sell to the big brother, divest all the rest of the *rap and get a decent price for the licence and do it all reasonably promptly. The risk is they shilly shally and the whole lot goes to pay salaries and advisers leaving nought for us. Disappointed to see LME took delivery of huge dump of Zn yesterday bumping up stocks by 28,000 tons. But down trend still intact. General stock holdings are still bloated but we can hope to see down trend thinning stocks to support price as the year progresses.!!!!!

according to some sensible posters here. Whilst I have no opinion I do think the BOD are exhausted and have lost all their will to fight and can only see the negatives .......... this is likely a contributor to their decision to throw in the towel. I suspect a younger MD would have managed to fight on.

We are washed up for the next year at least. Our only hope is a massive reversal in Zn price to squeeze residual value and buy out of last 10% together with sale of patents and land. Again I say top sale price of 1.5p a share ...... but at least a year away so sit back and forget it.

........ and that's all we have here. When there is a business which functions in terms of generating income over the long term then folks will see if there is a value. For now we will widdle around 1p I did post in the past that the 10% option wasn't as awfull as it might seem. I don't think we can see the full story yet but the BODs decision isn't that unexpected. The comment that they may need more cash in the middle future I think is an indication not everyone sees the Zinc price as zooming north and I believe for now this was the crunch. In that I don't think the BRICS are increasing consumption so as to propel Zn price north even with the programmes of mine closures we are all familiar with. I guess 1.5p is the out point if you are still in. True value may be 6p but the market might only acknowledge 3p and so will only eventually pay for 1.5p

We don't know why BOD went for '' only '' £5M !!!!! Their big mistake from the beginning was under funding ( or understandable design errors on the heat exchangers which we are told now has been rectified // solved ) ????? . Are they going for underfunding again. This is last chance saloon. Lets hope not another mistake but their confidence in the heat exchanger fix is well founded and will pan out giving us a juicy margin. Lets hope whilst this hoo haa has been going on they have been having cracker production runs so within weeks of announcing satisfactory funding which doesn't trash s/h interests they can reveal stellar production numbers which demo much reduced costs. The SP shows it took a while to destroy confidence even though the problems with the heat exchangers was well reported with the resultant shut downs. Lets hope that confidence can be regained with the fix ............ wafted along by the positive outlook for Zinc price and stocks.

We only get 10% as a going concern. Other than that its just scrap and a demolition site. Going concern means the £50M debt. So we hand over 90% of a going concern in exchange for the £50M debt which we will have defaulted on. So add our 10% ......... £12M .........ie Korean Zinc get £62M worth of ZOX for £50M. They arnt ripping us off if that were to happen.

Ran a small buy this morning ...... no probs so there is plenty of stock in the cupboard.