Member Info for itsaduster

This is AIM after all but it isn't often we see odds this good ...... and I use the term odds advisedly cos its a straight gamble. 1) World Zn market is on the turn. I will call the bottom of Zn price at $0.67 pound weight as suggested by the long term trend line now appearing to flatten out ( though not broken yet ) ....... price now nudging $0.69 pound weight. It can still drop but probably not below 0.67 IMHO. So for me only way for Zn price is flat and then up. IMHO 2) Stock holdings at LME showing continuous steep daily decline for the past 6 to 7 weeks without reversal. 3) Generous rescheduling of two major debts by Korean Zinc ......try to get that off a bank !! Seems they are playing a complicated game or genuinely are batting for us. This seems to me to indicate there is belief that there is near term improvement to be expected in ZOX trading situation near term. 4) Long periods of shut down adversely impacted production this current year but the cause of these shut downs has been addressed with a redesign and Engineered solution in which there is a high level of confidence. This will give improved production and cost per ton of production. 5) Only 36 hrs of trading before they must come up with the dough. So this bet wont go on for ever. We are looking at resolution or crash and burn now....... soon soon. My expectation is it isn't that simple. With yesterdays drop and continued weakness today I am toying with the idea that they arnt able to clinch the deal that is right in the time frame to end of year for what ever reason ......... people already on the beach in Bahamas or hold up in shooting lodges in Scotland or struggling with flu etc. So do we need an extension and if so will we get one. Its all in the game.

Lets hope but we need a fly on the wall. Use to be easy when I was in Mining to get info out of the Board room during meetings. We would just send in a tea trolley with a grubby attendant instructed to act as dumb and gormless as possible.

If £4M to be raised at say 2p a share that will pump in another 200,000,000 shares wich is a plus 60% dilution. So I suggest this has a maximum ceiling of 2.5 p on news of financing. Hence BOD RNS and speeding tickets an the spivs cutting and making for the exit. Nothing new under the sun. The only real gains here are to be made on a time scale of a year. This will allow the BOD to prove they have installed a new circuit which reliably solves the heat exchanger problems which caused so much down time and the Zn price is responding to the global production adjustments and not being adversely effected by any global industrial climate conditions such as China slow down. I think the China slow down wrt Zinc is a red herring as China is marching up the feeding chain by producing higher quality products .......... ie Zn coatings on steel products ......ie putting car chassis thru Zinc dips. etc. India starting break out of their cast induced malaise ? we can only hope ? and the new American president pitching into infra structure renewal. Zn price is still on a very pronounced downward trend ........ selling still going on from stale bulls in Europe which I suspect makes it all technical as I cant imagine miners selling Zinc in the ground at such creepy prices when shangilala is just around the corner. I suggest technical as how else are we to explain decreasing LME stocks against declining price. I am here for the year at least and shall buy the dips all the way up to 10p or 20p See I am a poor pukka investor ........not one of the smelly '' loads of money '' spives. and I would if you offered me all the money in the ........

Volumes up nicely ....... could be the spivs hitting the phones and getting people to think the loans are coming thru. I am guessing £1.3M taken from existing shareholders and up to £4M to come from loans. It will certainly be an achievement considering the new lenders can only be second in line to Korean Nickel so anyone lending here must be convinced there is a profit on the horizon. I think the rates might be a bit steep accordingly but .............. if Zinc price does the expected within 3 months then everything in the garden will be luvely.

........just to small to have faith. A rise in Zn price will help .......... stocks still falling and price still falling. Its just weird !! This for me is an enhanced gamble on Zn price turning in next three months to reflect looming shortages. But that pre suposes consumption wont fall due to declining Industrial activity world wide and closing mines will add bite to falling stocks We shall see

Pretty thin considering what is going on today so probably less than £1M from existing shareholders which means £4M from new investors ............ I think they will screw ZnO But get a £117M Zn extraction plant for £1.5M ......... someone will br sniffing ......... you will know them by their carpetbag

At £20M that is pie in the sky unless the Zinc price zips up to 2500 and that wont happen inside 10 years. No one will lend ZNO that kind of money with the record as is. I am wondering what kind of stupid supply contracts we have with the steel plants for our feed supply. I probably don't need to ask ........ just assume we are paying at least double what we should be paying. Problem might be that they are long term so we are stuck in them for years whilst the Zn price is so ****

Back in with a small ticket....... To get Zinc price back up to 2000 or even 2200 is a big jump. Could happen.?? Zinc mines are closing at a good rate just now but those miners still in with a chance are selling Zinc in the ground forward which could be encouraging short sellers. Today I think was an epic day for Zn price. Initial loss today took it below its low for this year but then there were two rallies to take it to close above yesterdays price with the bulls rampant. Could it be shorters and miners have run their course. Could be miners see higher prices beckoning as stocks at LME deplete so will look sideways at repeating this balance sheet enhancing tactic and this will surely discourage shorters who may even need to buy back as indeed some miners could to squeeze a slight profit. Or we could be in for one of those side ways wiggles that takes the price horizontal for a couple of months as the futures market plays games with itself. LME stocks on steep down trend now and I estimate 60000 tons shy of the low established a few months ago which I estimate will be matched in 16 trading days time at currant rates of decline. Or again we could see an extended sideways wiggle for a couple of months. Yuck !! Of course all dependant on levels of world trade playing with declining stocks. China turning back to growth or crashing out in 2016 depending which mag you read but all agree India waking up to their potential. I don't back track on my previous post I am just placing a bet that the BOD get their financing. They have identified a big opportunity for product price enhancement if they can add a process so they produce Zinc oxide which has an enhanced value at market. They talk as if it is relatively simple and inexpensive. If its not loose talk that will be good. !! But where will the investment money come from. ??

I have spent 2 days picking this Co to pieces. In My opinion and from my perspective I find it hard to not think Zincox has been on a crash trajectory for years. They have called up cash several times so they just havnt built and managed an enterprise which can generate a profit even when the Zinc price was half decent Cash has just drained away for years and millions of it borrowed. The BOD havnt got a clue IMHO. Its my opinion that the Koreans are after this and having identified the BOD as not very smart nieve toffs I guess if I was them I would be selling Zinc down to keep the price low to bust Zincox so Korean Zinc can take them out. It is end game here. There seems to be some kind of new technology involved in their process. I bet this hasn't been protected and anyone taking Zincox out will probably get the tech. Whats the bet that when Zincox falls to Korean Zinc the price of zinc will recover ........ we shall see I am out by the way at a small loss. Sorry to turn but just to let you know

Bit disappointed no-one here came back at me on my post ........ no one into charts here ?? !! Another good chart indicator is the gap down ( 10p to o.7p leaves a gap up to close ie 0.7p up to 10p C'mon bust my ba11s if your big enough !!

....... three or four years. So bought in today ........... second day at top of leader board. My reason for my move in today is because of my reading of the Zinc Price and stock holdings Zinc Price was back down to recent low of 068 which could indicate 3rd point of '' W '' double bottom ....... but today it seems to be in progress to form the 4th element of the '' W '' But significantly the LME stocks seem to be flagging a return to the rapid declining stocks we enjoyed before the recent increase in stocks which has under pinned the declining Zinc Price. ( sharp decline in LME stock holdings for three of the past four days ). IMO the recent increase in stocks at LME and hence the decline in Zn Price is due to many Mining Houses plumping up their balance sheets by forward selling metal still in the ground and pushing thru surface stock holdings. Its a quick and simple way of acquiring finance to enhance their balance sheets.in these times of poor metal prices and the side ways glances of their bankers.

Barclays spoke to me on phone today. Will have to sell KGI in all UK Accounts ie Marketmaster, SIPP, and ISA. HEY !! Guess what I can open an International Traders Account at £14 per Annum and I can hold KGI in that and they wont charge me for Marketmaster ...........for a while cos their software cant cope with that No way will I do without my KGI

Thanks M8 I am familiar with OMI..........other two are big old beastes I have over the years been in and out of. Now may well be a good time to consider a return. OMI is very much on my buy list. Just checked the capital value of KGI only £250M and the number of shares 80M ............Wow !! If gold price flares up there will be a real shortage of shares and most of the 80M are very tightly held by long term investors and committed Institutional players.

Agree I have given South Africa a width berth for years now. Care to mention your other 4 gems. I am also well trimmed at moment. Been chasing HER down down down but I am looking to this years to either produce spectacular or blow me out of the water. ( Ag, Zn, Pb Au Cu ) Doing good on NIPT KGI and IQE and expecting steady northbound cruising this year from all. Get this stupid election out of the way and with the right result. A return to bad Govt will I think put the last nail in our coffin and we will be irrelevant. GL...........duster

Notice we are closing down a big slice of convertible debt. Avoiding exposure to future dilution at tomorrows price. That's good !!. But still leaving loads of cash.

Geeezz mogo.........! A dozzy ol git like me cant say stuff like that.............up to............ but being in........ After that I am happy and concur ........ditto !! ( .........but being in gold shares I know even years ahead they will do very well..............my bit add............... if they have ore reserve and grade and in good geopolitical location. I know what you mean Dud..........KGI has to be the best one I know........

Never used a stop loss..........then I am not a particularly good investor. With KLG........I am a gold bug.......I have been more interested in following the mining story ........and I am convinced by the grade. So stop loss here hasn't seemed relevant for me. Also with the big pic on the graph together with developments in mining and management........I do feel relatively secure. So I leave myself vulnerable on KGI and will sink or swim with KGI.

Thanks.........Okay I am thick !!!!!........I don't care !!!!!

Thanks mogo ! Don't mean to be thick but what is ZAR ?.........or anyone !

More a wish....... But in my view it is a Goldfields type of mine. They will want some sight of much bigger ore reserves which is why I am looking at the growth of the ore reserves. The Driefontein Mines had ore reserves of 100 million oz plus. Nice to read you again Mogo What color have you in mind........I am having one in gold plate........that's the roller.