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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zeehan Zinc | ZZL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.13 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.13 | 1.13 |
| Top Posts |
|---|
Posted at 14/7/2009 20:06 by p bear To compare Altona to ZZL is a little off the mark in my opinion. I fail to really see the value here. Despite many interesting targets, judging from the experience of old operation and other operations for other base metals in the area, costs of production will be in upper quantile. I have no doubt there are not good targets and likely something will be found, but a deposit rarely equals a profitable one. The area is very well known and to think anything truly world class can be found in terms of grade is off the mark.IMHO the real appeal of many investors here is taking a punt on a penny share that might double, triple in a few days. I hate to say it, but ZZL is a failed Jr miner kept alive by Chinese money as they [the Chinese] probably realise getting hold of Oz mining stock is not easy (RTO) and they will take what they can get. If my holding was worth anything I would sell and top up on ZOX. |
Posted at 06/4/2009 15:40 by andrbea this article (below) is not linked to zzl (unless through old stakeholder in zzl Cyber - see above)of Tasmanian and general interest, however (Malcolm Bendall says 10 billion barrels of oil at stake) Long article here's the last half: Church links GSLM is a wholly owned subsidiary of the American exploration company Empire Energy which has links to evangelical churches. The partnership first developed after Malcolm Bendall's apparent vision from God. Clive Burnett says very little church money goes into the company and Mr Bendall has a professional approach. "Whenever I talk to him, he knows better than to start talking about religion. He only talks to me about geophysics, geology, geochemistry and science," Mr Burnett said. Despite seemingly endless delays and requests for more money, many shareholders seem optimistic. Eddie Fisher bought shares five years ago and bought some more recently. "We're getting so close now, I really believe we're about to get it." Noel Young agrees. "You've got to take the gamble and there's no point investing in it if you're not confident they'll find it, and I think they will." Len Swan was GSLM's Operations Officer until two months ago and is less positive. Mr Swan worked for the company for two years and says he was sacked after what he calls 'disagreements'. "The company hasn't gone forward at all. Malcolm Bendall's been living in other countries around the world," he said Malcolm Bendall is outraged at the claims. "The story's a lie. Last year, I had 58 international flights and I was 24 hours in the air which means I was perpetually jetlagged. I spent all of ten days in Monaco last year, I hardly call that a high life." Mr Bendall told Stateline he is staying at a Holiday Inn in London and has mortgaged his house to raise money. Mr Burrett defends his boss. "Malcolm has put his own money into the company and has taken very little from it. I think any allegations that he's been living high on the hog are ridiculous." Investor Eddie Fisher was also eager to support Mr Bendall, saying "I believe he's put millions of dollars into this. That's what I've just been told." Len Swan claims GSLM owes millions of dollars and hasn't paid superannuation since the middle of last year but Clive Burrett insists everyone has received their entitlements, and the workforce is growing. "We do owe some money and we are working very hard. We've paid most of our creditors at least some. We've paid our drillers $4 million and we will be fulfilling our obligations." The company needs quick progress to secure a full mining licence in six months time or disappear from Tasmania. Mr Bendall is confident of obtaining the new licence. "Having doubled what we committed to do, we would expect to have a favourable response from the Tasmanian government in applying for those areas." Parliamentary questions Concern over the company's existing licence has flared in State Parliament with the Tasmanian Greens producing an undated draft ministerial briefing note. On March 5, Greens MP Kim Booth asked "Minister, can you confirm that since January 2003 the Government has had serious concerns regarding Great South Land Minerals limited's ability to comply with its exploration licence?" Resources Minister David Llewellyn replied "Mr Speaker, look I think that's an outrageous thing to have done under parliamentary privilege in this chamber." The note shows the former Resources Minister Paul Lennon was advised the company was not meeting its expenditure commitments in searching for oil. Mr Booth has told Stateline "apparently Mr Lennon was so concerned, he was going to knock them off." In a statement, Mr Llewellyn has confirmed there were concerns about non-compliance but says "revocation of the licence has previously been considered as an option but further discussions and negotiation with the company on its work plan have avoided the need to proceed down this path." Malcolm Bendall says the department was mistaken. "In fact, what had happened is that our expenditure hadn't been properly recognised and our reports were sort of mislaid within the department. So it was based on misinformation." Mr Llewellyn's statement also says a lack of companies wanting to search for oil has given GSLM some leeway. "In the spirit of the special exploration licence category, which is to facilitate 'frontier' exploration activities, the government has sought to be flexible and accommodating where it is appropriate and reasonable to do so," Mr Llewellyn said. The Greens are still concerned. "I'm very concerned that were it to be extended, by some contrivance of the government, that they would have to be absolutely satisfied that mum and dad investors haven't put money into a company because of the fact that the government appears to be underwriting them," Mr Booth said. Malcolm Bendall says 10 billion barrels of oil at stake and others are trying to get in on the action and sabotage his company. "I've had my house broken into. I've had death threats. You know, there's a dirty, very dirty game that's been played with this project and you know, at the end of the day, those cowards will be shamed." "I intend to use my right-of-reply in parliament to expose those people and also expose the litany of lies and misinformation that's surrounded this project," Mr Bendall said. For now, the company is exuding optimism but Clive Burrett admits time is running out. If GSLM finds nothing worthwhile in its first two drilling missions, Mr Burrett says, it is likely to spell the end for the company and it's enduring shareholders. |
Posted at 07/1/2009 13:31 by treacle28 8Trader - 7 Jan'09 - 13:28 - 787 of 790 (Filtered) Knowing - 7 Jan'09 - 13:28 - 788 of 790 T28 he has been at it on other threads too. It is pathetic. It really is. Knowing - 7 Jan'09 - 13:30 - 789 of 790 I see UEN got walloped today. Down over 60% Treacle28 - 7 Jan'09 - 13:30 - 790 of 790 edit I just don't know where he gets the time from...Just equals penniless investor I suppose. First thing every morning, and then all day long and before going to bed he goes looking for people on ADVFN....stunning lifestyle. |
Posted at 06/1/2009 17:21 by monis Sven. From memory however do your own research this one is all to do with Nickel exploration. The chinese investors seem very confident as it appears to be potentially a Nickel rich area however a high degree of risk is obviously attached. The upside is pretty huge from these levels.Dyor, good luck. |
Posted at 06/1/2009 14:48 by andrbea zzl's new investor (Creat Group) is no minnow.."The share capital and reserves of Creat Group are approximately USD 800 million and net profits last year were nearly USD 100 million" so buying the Avebury mine (almost adjacent to Zeehan's mine) might not be beyond them. dyor nia Information on the Creat Group Creat Group was founded in 1992 as a public-private partnership enterprise. Creat Group is a leading member of ACFIC (All-China Federation of Industry and Commerce). ACFIC is a business organization that acts as a bridge between the Chinese government and private businesses engaged in industry and commerce and acts as a facilitator for the management of the private sector of the Chinese economy. Recently base metals have become a major new focus for investment and Dr. Zhang, Creat's chairman and largest shareholder has now instituted a policy for Creat Group (reflective of China's national resource policy dictates) of acquiring oil and gas properties and mine and mining interests. Creat Group owns a zinc-lead mine and a molybdenum-tungsten mine in China and is now seeking to develop an international portfolio by investing in overseas resource based companies. The CEO of Creat Group is Mr. Ren Xiaojian. He has had a career in international banking before becoming a joint founder of Creat Group. He gained an MBA at La Trobe University in Melbourne in 2001. He has substantial experience in enterprise management and development in the fields of manufacturing, real estate and nonferrous metal mining. The share capital and reserves of Creat Group are approximately USD 800 million and net profits last year were nearly USD 100 million. Creat Group has interests in agriculture, biotechnology, Electrical Switchgear manufacture and minority interests in banking and property development. |
Posted at 06/1/2009 13:43 by fairdeal2008 Yes seen that movement on tmc andrea well done on that one.I have just taken a small stake in AMC Amur Minerals which is capped at £200,000 all in, for 341,000 tonnes of Nickel Sulphides in Russia. Finance difficulties at the route of the problem there but the recent licence extension (by 2 years) and resource confirmation by the authorities could mean funders/investors may be interested. Its a punt but that 341,000 tonnes are worth around $10,000 a tonne in the ground or $3.4bn and there is plenty of scope for expansion of the resource base. Although it has to be said AMC is a desperately risky stock....dyor |
Posted at 06/1/2009 10:02 by fairdeal2008 Well market cap is realistically (as can buy below offer) around £1.5mn and they have just received cash from a major investor of £3mn, so valued around half the cash injection.Its just an anomoloy that will get correct shortly no doubt. Would have thought share price around 1.5p is about right given the substantial Chinese interests. These guys will make this little company work very well imho. |
Posted at 01/10/2008 16:12 by kiruna But a positive development was a preliminary takeover approach for the beaten down Zeehan Zinc (AIM: ZZL), which rose 32 per cent to 1.65p. That was even as Zeehan announced that it has ceased drilling on its Comstock and Oceana properties in Tasmania and that it will now focus primarily on nickel exploration instead of on the zinc production that was originally pitched to investors when the company listed in 2007 raising £9 million at 19.5p. That move follows OZ Minerals' much publicised switch away from zinc, which saw OZ shares recover a lot of ground in a fairly short time. That Was The Week That Was ... In London |
Posted at 30/9/2008 09:24 by monis What's interesting is that the Chinese investors seem to be running the show at present. |
Posted at 29/9/2008 14:07 by graylyn Just received an email from www.minesite.com and thought I would post some of it below...............UK investors are now looking for bargains following the well documented collapse of the junior mining sector. They are aware that prices of metals and minerals are still holding up well; that China is now back in business following the Olympic Games and an interest rate cut; that majors are overflowing with cash and are likely to accelerate acquisitions of strategic holdings in exploration companies; and that fund managers are now switching to buy mode with plentiful funds available and a need to prove their investment expertise. So far these facts seem to be ignored in North America where Canada is mesmerised by the financial mess in which its mighty neighbour finds its banking sector. But this is just another event in the seismic shift of geopolitical and economic power from West to East. In these circumstances it is as well to remember the basic facts. Every tonne mined is a resource tonne less and the worldâ?Ts resources of most metals and minerals will run out in the next 20 years if no more are discovered. And this at a time when China, India and Russia are all undergoing industrial revolutions of varying degrees. Exploration cannot be left to the majors as the juniors do the job more efficiently and at less cost. Juniors who maintain a high profile in these difficult times will be rewarded. |
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