HPC Follower
27 Oct 2016
Re: Last Day of Trading... corrected ZOX will drop from the AIM market this Friday (28th Oct) as per previous RNS advice...
HPC Follower
27 Oct 2016
Last Day of Trading... ZOX will drop from the AIM market this Friday (18th Oct) as per previous RNS advice...
muscati
25 Oct 2016
Good News? [link] firm: BR-VT good to invest in furnace dust treatment projectOctober 25, 2016UK firm: BR-VT good to invest in furnace dust treatment projectVan NamVan Nam – The Saigon Times DailyA steel scrap site at a steel mill in Ba Ria-Vung Tau Province – PHOTO: VAN NAMHCMC – The UK’s Zincox Resources PLC said Ba Ria-Vung Tau (BR-VT) Province is a good destination for it to develop an arc furnace dust recycling facility worth US$115 million.The company got in-principle approval for the project with an annual processing capacity of 100,000 tons at Phu My 3 Industrial Park in the southern province on Tuesday.According to Zincox Resources, industrial parks in Phu My of Ba Ria-Vung Tau are home to many steel mills, so it is an appropriate place for the company to build a plant to treat electric arc furnace dust. These steel mills account for more than two-thirds of Vietnam’s steel production.Therefore, the investment project of Zincox Resources is necessary as the province’s steel industry needs an appropriate measure to recycle electric arc furnace dust emitted from steel mills.Like other recycling facilities of Zincox Resources around the world, the output of the facility in Ba Ria-Vung Tau is zinc oxide of high purity, which can be used by the rubber and ceramics industries.It will take Zincox Resources a couple of months to negotiate with local steel mills to ensure long-term supplies for the facility as well as prepare an environment impact assessment.Zincox Resources expects to provide steel mills in Ba Ria-Vung Tau with a good dust recycling service and rubber and tire producers with more zinc oxide supply.According to experts, Vietnam’s steel industry is not environmentally sustainable as dust emitted from electric arc furnace has not been recycled effectively. Zinc oxide contained in each car tire or rubber product accounts for 2-5%.Seven operational steel mills in Ba Ria-Vung Tau are operated by Southern Steel, Fuco, Pomina 2, Pomina 3, Dong Tien, Posco Vina and Vina Kyoei. These facilities have a combined capacity of about five million tons of steel ingots per year.Environment experts estimated with millions of tons of steel produced, over 800 tons of dust and slag are emitted a day.Le Tan Cuong, head of environmental protection in Ba Ria-Vung Tau, told the Daily on February 17 that emissions from steel mills are hazardous.The Ministry of Natural Resources and Environment has permitted three environmental firms specializing in treating hazardous waste in the northern provinces of Thai Nguyen and Hai Duong to collect and transport dust from steel mills in Ba Ria-Vung Tau to the north for treatment, he added.Back in 2014, the government of Ba Ria-Vung Tau decided not to call for investment in steel production, particularly construction steel and steel ingots, and seven other sectors as they pose a high risk of water pollution.
HPC Follower
20 Oct 2016
Strong demand today For a company about to be de-listed the share price movement upwards is encouraging.Wonder who is buying now?I'm holding on as there still could be a good future for ZOX and the directors have every incentive to turn the company around, and the strengthening price of zinc will assist.
HPC Follower
28 Sep 2016
Sell? Looks like the RNS today is reminding shareholders that they only have a month now to sell out before the shares are suspended on AIM...
HPC Follower
13 Sep 2016
Price recovering well today... Even though ZOX shares are going to be de-listed soon, the recovery today indicates that some believe that good progress is being made on at least one of the prospective projects whilst the price of zinc is recovering from last year low points.For longer term (5 year+) share holders, the de-listing is not necessarily a disadvantage.
HPC Follower
01 Sep 2016
Re: Boom All is not lost yet... some of the project opportunities are still likely to come through in my opinion and there is little virtue in spending money on Nomads and maintaining an AIM listing whilst cash is so short.There will be positive cash flow from the South Korea plant from 2017, albeit ZOX now only have a c.10% share - although no associated debts; and the strengthening zinc price can only help.I am now the owner of stock in 3 companies which have left AIM, or are about to de-list (ZOX, MIRL and PRG), each one averaged down substantially close to the end. Time will tell whether this was a great idea - but at least these holdings represent a small portion of my overall portfolio overall.
popes11
01 Sep 2016
Boom Yet another sh!1t sandwich from this mob and they are still talking a good game. The house is burnt down which will allow us to use the charred remains to draw a lovely charcoal portrait of ourselves. So really its all good.
HPC Follower
03 Jul 2016
Zinc price still rising Now above $2,110 a tonne, which can only help Andrew in his ongoing new business negotiations...
HPC Follower
09 Jun 2016
Re: Interesting inclusion... Looking at that "inclusion in the ZOX accounts" again, it certainly implies that ZOX don't see any possibility that the ZOX share price will ever recover to 25p but do see 5p as a reasonable target to achieve or even over-achieve - so those holding the warrants have a greater chance of making some money from their investments/loans to support ZOX.The price of zinc continues to strengthen, now above $2,000 a tonne, which must surely help the company agree terms and gain additional funding for the plant planned in Vietnam; as well as increase returns from their c.9,5% holding in the South Korea based plant. Hopefully, we will hear more at the AGM on 17th June - if not before...
HPC Follower
12 May 2016
Interesting inclusion... Does this imply that any share offer to accompany project finance and off-take agreements for the next project (Vietnam) will be targeted at 5p a share?"The Loan Notes have warrants attached, the amount and price of which are adjusted as new shares are issued, so as to maintain the interests of the Loan Note holders. As at 31 March 2016, the Noteholders were entitled to warrants over 19,217,840 shares at an exercise price of 25p. If, as would seem likely, the Company carries out further funding by issuing new equity over the life of the Loan Notes, additional warrants would need to be issued. In order to simplify the situation and reduce future dilution, it has been agreed in May 2016, that the number of warrants will be reduced to 9,450,000 with a new strike price of 5p."
HPC Follower
12 May 2016
Final Results It's disappointing that the whole Korea based plant couldn't be retained post the last year when zinc prices reached exceptionally low values, but at least ZOX starts again with little debt and a 10% interest. The heat exchangers should have been taken out (rather than being replaced and given special linings) very much earlier once there were problems with corrosion/leakage and this was found to be the root cause... but it's easier to say this with hindsight.The jump up today in the share price is rightly due to the residual Korea plant NPV being much higher than the market value of ZOX; and the greater likelihood, in my view, that ZOX will get a second major project/plant underway in Vietnam sometime this year - with 18-24 months to get production running. Good news here will see a re-rating of the company potentially back to the 6p level again - especially if any share placement/rights issue can be limited through offtake agreements and project finance.It looks like ZOX is far from closing down and the directors are rightly keeping their own income down to support ZOX having taken very good incomes when times were better during previous years.
HPC Follower
24 Apr 2016
Zinc price improving.. Zinc is now greater than $1,900 a tonne.Will this help ZOX and current shareholders?
BuySel
05 Apr 2016
Bullish Harami cross The chart is looking better from this pointZOX 0.8250 =ZINCOX RESOURCES - signal updateLast Pattern:BULLISH HARAMI CROSSPattern Description This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. [link]
BuySel
05 Apr 2016
time to bounce Had the large retracement and the sells have stop, now should the time to start buying as the Level 2 is positive 3 v 1 and the chart at support.
