popes11
26 Nov 2015
Re: Andrew Woollett I bailed out as felt it was better to get something rather than total wipeout. Thought I could have been selling the bottom but just keeps falling. Looks to me like Korea zinc will get the plant. Funnily enough I mentioned this share to a wise investor about four years ago. His take was they have done better than most to get the plant constructed. He thought in the end that Korea zinc would take them out due to debt. That was just prior to commissioning the plant when the price was 80p or so. Sold out at that time but thought the risk was worth getting back in when it hit single figures.
HPC Follower
26 Nov 2015
Re: Andrew Woollett Andrew is certainly has a major incentive financially to get ZOX back into a profitable position; but suspect he will save any cash he has in order to support the planned Placement.His family have significant holdings for their pensions as well, which may not be included in this 3.3%.Today is more for day traders I suspect... although I have averaged down a bit more myself - a bit of a gamble though.
popes11
26 Nov 2015
Andrew Woollett Andrew Woollett has 3.3%. Wonder if he will be averaging down.
popes11
26 Nov 2015
Money to dust In the end looks like ZOX has only been successful in recycling money into dust.
alan G4
26 Nov 2015
Re: Placing Yes HPC, unfortunately its just the reality of the current markets.Hope it works out for you.
HPC Follower
26 Nov 2015
Re: Placing I agree alan G4... however the picture would be a lot rosier if the zinc price rises above $1650 a tonne quite quickly and if Korea Zinc will do a reasonable deal on the loan restructure... which is probably in their interest to complete as the partnership has been quite good for many years now. I'm sure the IFC and other major shareholders will encourage and back this and also help Andrew Woolett find a willing investor for the placement planned. Personally, I think we may see a small recovery in the share price of ZOX later this week as the drop has been over-done. Volumes traded remain low (less than 2% of shares traded since the RNS), so most ZOX investors are not racing for the door at present.
alan G4
26 Nov 2015
Re: Placing Guys just a word of warning - none of the respectable finance houses are willing to lend tosmall Aim resource stocks at the moment so if this placing goes ahead it will likely be withone of the sharks like Hendersons or Darwin ( death spiral funders ) and at a huge discountto todays prices.Safer to stay out of this at moment IMVHO as it could get a whole lot worse very quick.On the plus side if they can get a placing above 0.20p and halt their cash burn till the zincprices recover they might have a chance of staying around for a while.
HPC Follower
26 Nov 2015
Re: Placing Zinc prices are forecast is rise quite rapidly especially at it seems that the rapid drop must have been driven faster and lower by short positions...Contract PriceCash Buyer 1555.00 Cash Seller & Settlement 1555.50 3-months Buyer 1568.00 3-months Seller 1569.00 Dec 1 Buyer 1595.00 Dec 1 Seller 1600.00 Dec 2 Buyer 1618.00 Dec 2 Seller 1623.00 Dec 3 Buyer 1637.00 Dec 3 Seller 1642.00 I'm tempted to top up below 3p, but I agree the risks are very high... in any event, we will get the chance to top up at the placement price - also likely to be around 3,5p plus/minus 0.5p I suspect given the precise drop in the share price by MMs.
The buzz
25 Nov 2015
Re: Placing I suspected that the price of Zinc being well below the $2100mt that ZOX previously flagged as a good price would cause some issues. The RNS is in some respects of no surprise. There are 2 issues of concern now. Primarily the deferment of payments on the loan - that if not achieved will result in he loss of 90% of he equity. Secondly, the share issue could be done at a ridiculously low price as an open offer to fat cats and further dilute ordinary shareholders. I think this is a share to avoid until fund rising has been done and the loan has been deferred - and some sign that the price of zinc will recover! The ise today to about 1583mt is still short of the required $1650mt required by ZOX's 12 month funding requirements.The B
Ripley94
25 Nov 2015
Re: Placing Looks like another rubbish AIM stock.Down 47% not the Rns some were looking for.
Cadenza
18 Nov 2015
Re: Placing The zinc price is below the 2009 low along with copper, the whole sector continues to get really beaten up and there is no bid on a stock like ZOX. The free fall will continue until ZOX issues a positive RNS stating that they have restarted the plant, assuming that they have, and that they see no further need for any unplanned stoppages giving cause for buyers looking for value to return. Right now it is hard to see the value, for many like me it is probably too late to sell, so we hold on and hope. The zinc price should turn before copper, is the worst over, no one knows.
Ripley94
18 Nov 2015
Re: Placing 50% down from July placing.
HPC Follower
16 Nov 2015
Cadenza I have a temporary email which you can send a message to as an alternative until we can network via Linked In. This is: [email protected] although it may not exist very long...
HPC Follower
16 Nov 2015
Re: maintenance shut down dates Cadenza, I am referring to Linked In here...
HPC Follower
16 Nov 2015
Re: maintenance shut down dates If you search for Cadenza yourself, you will see too many people... if you can see yourself give me some extra clues in the summaries to find you please as I can't use joining date. Country of origin may help plus company working for perhaps?
