Member Info for uinsionn

Cash in the bank as per rns, all results on abbeytown have been great so far and extension results also due in Q1, so next two weeks more results, asset commercially viable and no value here sub cash

The bulk sample contained high concentrations of lead (8.36% Pb) and zinc (13.1% Zn), wow great results and more results Q1 on the extension drilling, talking about a commercial asset

Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the U.S.-China trade dispute could spur even more gains.Benchmark zinc on the London Metal Exchange at around $2,760 a tonne is up around 15 percent since the start of the year, but stands well below the 10-year high of $3,595.50 seen in February last year.

“It’s a story of shortages and depleted stocks, we’re looking for a price rally to at least $3,000, possibly above $3,500,” said Wood Mackenzie analyst Andrew Thomas.

“If we get a trade agreement between China and the United States, we could go above $3,500.”

Glad I bought here at 14p drop it was well over done and we are seeing a steady rise from here targeting 24-28p from here, it is a slow build back up but looks like it will go there

ERIS gone from 150k to about 30k limit under 5p. Interesting MM took 1.5 mll off CF at 3.5 and seen 1.35 mill in 200/100k lots since between 4.7/5.25 suspect book is coming back to square now and mm will be far lighter. Hopefully ready for the book to turn positive

Opex Even going on £100 a tonne including transport costs and all associated for production that would be about £50m a year costs with the current resource the yearly total is £163m which would give a pre tax and commission profit of 110m per year But opex should be closer to £80 a tonne.As for capex after the site visit and with a lot of equipment on site that can be utilised and no need to build roads or facilities etc transport links and ports nearby as well as Boliden facilities which can be utilised the rough guess on the low capex is between 40-60m Which is a 1 year payback

What’s the potential value in the ground. This is what they defined as their target resource at a recent meeting, zinc and lead prices have been strong recently Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1m per week or $163m a year. That’s with 8m tonnes but if the hit the extension you could be talking about double this

Soil sampling work in a new target area near the Ox Mountains Fault has been completed; results are pending and expected to be reported before the end of Q1 2019. A metallurgical study involving a bench flotation test and a bond mill test on material collected from the Abbeytown mine is also being undertaken by Wardell Armstrong. This will define the potential zinc, lead and silver recoveries and allow us to start looking at the economic potential of the project. The key benefit of the Abbeytown project is that the mineralisation is essentially outcropping with good existing underground development allowing for a low-cost start to any future mining activity.

Preliminary prospecting of geophysical targets on the Company's Galway project is underway. These licences are 15-40km from the previously producing Tynagh Mine, adjoin a large land package owned by Boliden and have excellent potential for the discovery of base metal mineralisation.

Joe never spoke to them ever, weird now a days as there is WhatsApp group, twitter groups, telegram groups who all buy on each other’s words and some groups hold massive positions in stocks, I am well aware of how the system and market works, if I run out of room in my account I am sure my wife might want to buy some too

Lol joe I hold 2.8% need Togo over 3% for tr1

LONDON, March 11 (Reuters) - Zinc prices rose on Monday towards seven-month highs hit last month, on worries about shortages ahead of the seasonally strong demand in top consumer China and tumbling stocks.Benchmark zinc on the London Metal Exchange ended up 1 percent at $2,738 a tonne, from an earlier high at $2,778.50. Early last month prices of the metal used to galvanise steel touched $2,810, the highest since July.

“The market is worried about a shortfall, though supplies should be rising this year,” said Commerzbank analyst Daniel Briesemann. “The other aspect is low stocks.”

ZINC MARKET: Analysts expect the zinc market to see a deficit for the fourth year running in 2019. Zinc prices are up about 11 percent this year.Data from the International Lead and Zinc Study Group (ILZSG) showed a zinc market deficit of 384,000 tonnes last year and shortfalls of 442,000 tonnes and 128,000 tonnes respectively in 2017 and 2016.

ILZSG data released on Monday showed the global zinc market deficit narrowed to 28,000 tonnes in January from a revised deficit of 62,400 tonnes in December.

DEMAND: China accounts for nearly half of global demand, estimated at around 14 million tonnes this year.

An environmental crackdown in the top producer led to its zinc output falling to 5.68 million tonnes last year, down 3.2 percent from 2017.The second quarter is typically the strongest for industrial metals demand as companies stock up ahead of construction activity between July and September.

STOCKS: Inventories of zinc in LME approved warehouses at 59,450 tonnes are at the lowest since October 2007. MZNSTX-TOTAL

You don’t have a clue all that glitters on how a p&d even works, this is a decreasing stock price hardly a pump and dump, if you took the time to understand the prosition you would understand how share price and sentiment works, myself, my old man and my brother now own over 7% of the ff now and are happy to gather more, my personal holding here is now 2.8%, I have a long position in this stock and am happy to clear and buy around this area, I see longer term value in the company as they build the asset and the story here, I have a strong PF of long shares as well as a trading account which I trade in the short term market. I believe I will win here by being in at a Mcap of 1.5m. Recent winners in my PF which I bought early doors are BMN at 5p and ECO at 17.5-20p and still have holdings in does, I am a value buyer in the market. My main focus is exploration stocks mainly mining sector

Popped a bottle of champagne, said I would have my own £1 party, plenty more here and been a long hold for me but a very rewarding, good luck to all those in I think we will have a fantastic year

Accordingly, a soil sampling programme was completed in February 2019 with the aim of identifying new targets and demonstrating that this mineralisation corridor has the potential to extend 900 metres to the Ox Mountains fault, south of Abbeytown. Result due Q1

Maintaining a disciplined approach to expenditure and well-funded for 2019. Burn rate much reduced and new ceo a financial guy, stick to the facts as per recent Rns

Like the rerate has started here the most undervalued resource stock on aim, no debts fully funded for 2019

On the move

Should be an RNS in the morning to clarify the ebioss news today with regard to the use of eqtec tech

Crazy price down here,
Revenue = 129m
EBITDA = £4.5m
Generating FCF & Dividend payer
Significant shareholdings well over 60% and directors have good skin in the game
Strong Balance sheet with net cash at £8.9m and no debt
NAV = £44m
Mcap = 18.7m

cash postion is really strong and the lack of debts is a major factor, increased cost controls and ditching of poor performing stores and brands and back on track

i think it might be egg on your face i wouldn't go gloating about your profits multiple stage contracts about to come here and you will look silly