Zambezi Resources Share Discussion Threads

[clearsoup] 18/2/2011 10:48

The shares are HotInOz, and the HotCopper board is active. ZRL under the new management team has made solid progress, and could turn into a serious growth company.

[clearsoup] 14/5/2010 09:09

Thanks Penguin, I will see if BSL are up to doing the same.

[tartan_penguin2] 14/5/2010 01:02

I am with TDW in the UK.... they just transferred to a isting in Australia in AU dollars...

[clearsoup] 12/5/2010 17:05

I've got more than I wish! Can't understand why they have not re-listed here, or made arrangements for the AIMshares. I have asked Barclays broker to look into it, but don't expect them to follow through to a result.

[terry toons] 12/5/2010 16:21

I've still got some..are they worth anything?

[tartan_penguin2] 14/4/2010 04:39

ZRL has relisted on the ASX.

[tartan_penguin2] 11/3/2009 07:16

Good news. Trading to resume soon.

RNS Number : 5932O
Zambezi Resources Ltd
10 March 2009

10 March 2009
Zambezi Resources Limited


Results of EGM


Zambezi Resources Limited ("Zambezi" or the "Company") (AIM: ZRL; ASX: ZRL)
today announces all resolutions were duly passed at its Extraordinary General
Meeting ("EGM") held on 9 March 2009 in Bermuda.


The resolutions put to the shareholders at the EGM were to approve the Share
Subscription Agreement and Convertible Note Agreement that the Company entered
into with Astron Limited ("Astron") as announced on 28 January 2009.


Further to the above shareholder approval the board has resolved that, once the
subscription monies from Astron have cleared, to issue and allot the 171 million
shares to Astron and to apply for these ordinary shares to be admitted to
trading on AIM. A further announcement will be made in relation to this in due
course.


Shareholders have also approved the issue of the unsecured convertible note to
Astron at a face value of $6 million (the "Note"). Astron has an absolute
discretion to elect to subscribe for the Note, to be exercised within three
months after Zambezi shareholder approval. A further announcement will be made
in relation to the convertible note in due course.


The board of Zambezi believes that the Transaction will secure necessary funding
for the foreseeable future and at the same time provides the Company with a
strategic investor.


Astron is listed on the ASX and located in Sydney, Australia, but also has a
strong presence in China with an office in Shenyang. Astron's interest in
Zambezi is principally as a strategic opportunity to ultimately supply copper
from Zambia into China leveraging off Zambezi's copper/gold projects and
facilitating Zambezi's entry into Chinese markets. The transaction will ensure
the survival of the Company and add longevity to its existing projects.


The Company's shares were suspended from trading on ASX on 31 October 2008 and
AIM on 3 November 2008 pending clarification of the Company's financial
position. A further announcement in relation to the restoration of trading will
be made in due course.

[vanbrussel] 02/2/2009 19:57

'Chinese' buying Zambezi Resources (January 29, 2009)

Astron is listed on the ASX and located in Sydney, Australia, but also has a strong presence in China with an office in Shenyang. Astron's interest in Zambezi is principally as a strategic opportunity to ultimately supply copper from Zambia into China leveraging off Zambezi's copper/gold projects and facilitating Zambezi's entry into Chinese markets. The transaction will ensure the survival of the Company and add longevity to its existing projects.

[vanbrussel] 20/11/2008 13:29

From HotCopper 14/11:

jaluma,

Fat Prophets have said that ZRL are aiming to achieve a standstill agreement with Creditors covering at least the next 5 month period

[cyprussteve] 19/11/2008 13:23

I wonder if this may be a possible target for an acquisition, or Joint Venture, for a Mining Company with cash, and actively looking to expand, such as GDP.
Any thoughts ?
Regards
Steve

[pillion] 03/11/2008 16:28

200,000 shares traded today at 0.25p

nuff said

[pillion] 03/11/2008 16:24

.........pending clarification of the company's financial position...................


This Co is heading for the knackers yard

No advice intended

[vanbrussel] 03/11/2008 14:11

What are you talking about ghhghh?

It appears the focus is on Kangaluwi, uptill now 100% Zambezi.
Who is in the bid for 51% of this project?
As for size and quality ZRL should get something upward from US$ 10M
Who or what is going to surprise us and in what combination?

(Personally, I do not have any holding in ZRL at this time)

[vanbrussel] 03/11/2008 13:13

AIM-Suspension of Trading (October 3, 2008 9:25)

...the Company has entered into negotiations with creditors with a view to securing ongoing financial security of the Company. Zambezi is currently in discussions with various interested parties at a corporate and project level for ongoing financing of its Kangaluwi project.

[vanbrussel] 31/10/2008 19:32

Indeed, Icarus alike. LOL
(Have to say the prudent don't get anywhere either - Caledonian Mining e.g.)

Kangaluwi Projects overambitious, has/have potential nonetheless
but no way it could/can be defined/developed without major capital input

First Quantum's Bwana Mkubwa operations suspended on October 28 due to copper ore shortage at facility!

[stu31] 31/10/2008 18:55

stu31 - 1 Apr'08 - 00:19 - 199 of 365 edit

check the last accounts..see how much cash they are burning and how much they have left..

scotswhaehae - 1 Apr'08 - 11:10 - 200 of 365

indeed stu31...

seriously affected by the credit crunch/investor general fears I expect.

shame as on (well funded) fundamentals this looks a good company.

with no cash injection would you agree that it looks like it runs out of cash in the next quarter according to last announced exploration expenditure rates?

no doubt another placing can be arranged though...will be interesting to see at what price.

stu31 - 1 Apr'08 - 15:42 - 202 of 365 edit

I estimate they have about 1 month of cash left scots if past spend is anything to go by..undoubtedly they are trying to get a funding away in the city right now and are struggling imo..their cash burn looks excessive for a small cap explorer, particularly the admin expenses..£4m per year? That has to be something of a record in their peer group imo

ramnik007 - 2 Apr'08 - 07:14 - 203 of 365

The burn rate this drill season is likely to be substantially lower as mgt plan to be drilling only with partner(s) money. According to mgt they have adequate cash till next year.

Apparently Rio Tinto will be making a decision on drilling in the coming months, with comittment of decent cash.

umair - 2 Apr'08 - 10:03 - 204 of 365

From January's cashflow statement it would seem that they have about GBP 6.5M available at the end of the last quarter with plans to spend GBP 1M this quarter. So cashflow shouldn't be a problem.


This is not posted to 'gloat' but as a warning. They lasted a few months more than I thought but this is the first of many AIM explorers to go under. This one was always absurd because their spend was ridiculous. But I still see across these boards people buying into these type of companies thinking they are somehow 'cheap'. Beggars belief.

[skyracer] 31/10/2008 13:03

I doubt there will be any real funding van. Best shareholders can hope for is the sale of ZRL for a few pence. The sale of LMY shares to LMY directors for 0.5p stinks, considering they were placed just a year ago at 5p. LMY has cash, I am sure the shareholders would have been happy to pay 0.5-1p to buy back such a large % of their own shares. Why didnt LMY buy back the shares? IMO it was splitting off LMY that did the damage, spreading resources too thinly, compounding the error by subscribing to LMY placings. Strange that ASX suspended yet AIM still open.

[vanbrussel] 31/10/2008 12:40

Ask 1.25 Bid 0.75
Minus 60%

The question is not only what will be the funding arrangements but what projects are they going to fund?
Is it not a Glencore subsidiary anyway?
Kangaluwi funding at any price to keep it in house?
If they even don't have the money to pay for assays!

[vanbrussel] 31/10/2008 11:45

Suspended on the ASX (October 31, 2008 - Perth time 16:04)

[clearsoup] 31/10/2008 10:47

Strange, about Lithic.
Q3 results make sobering reading: at least they appear to have shaken off Threadneedle Communications, which is a step in the right direction.

[vanbrussel] 30/10/2008 20:25

So how is that?
ZRL sold its entire holding of 26,633,621 ordinary shares in Lithic
for a total consideration of £133,168.

30/10/08 Midprice Lithic = 2.75p
ZRL got 0.5p pro share!

Someone who can explain this, do I miss the point somewhere

[vanbrussel] 23/10/2008 15:28

What about a Quarterly Report?
Company has been silent for months now...


Board Changes October 20, 2008:

Zambezi Resources Limited ("Zambezi" or the "Company") (AIM: ZRL; ASX:ZRL) announces that Mr Jeremy Wrathall has resigned from the board of directors of the Company with effect from 17 October 2008. Mr Wrathall has been with the Company since its admission to the AIM Market of the London Stock Exchange in July 2004. The board would like to sincerely thank Mr Wrathall for his contributions over the past four years to the Company and wish him well in his future endeavours.

Zambezi would also like to announce that as a result of relocation to Adelaide for family reasons, Mr Geoffrey Johnson will no longer be able to contribute to progressing the existing projects of the Company on a full time basis. The board of Zambezi have agreed that Mr. Johnson will therefore change status from executive director to non-executive director. Mr Johnson continues to be available as a consultant to the Company.




--------------------------------------------------------------------------

Mr Jeremy Bruce Earl Wrathall B.Sc.Hons (Mining Engineering), ACSM
NON-EXECUTIVE DIRECTOR • BRITISH

Mr Wrathall has extensive experience of both the practical and financial aspects of mining. After graduating as a mining engineer from the Camborne School of Mines in 1985 he worked for 3 years on various gold and base metal mines in South Africa . Following his return to the UK he has spent 16 years working as an investment analyst and equity salesman in the City of London . He is currently a principal partner of GMP Securities Europe LLP and specialises in mining equities.

--------------------------------------------------------------------

Dr Geoffrey Johnson B.Sc.Hons, PhD (Geology), Grad.Dip.Env.Sc
EXECUTIVE DIRECTOR EXPLORATION • AUSTRALIAN

Dr Johnson became an Executive Director of the Company on 1 March 2005, providing the Company with direction in the exploration operations. He has accumulated over 25 years experience in multicommodity mineral exploration throughout Australia and Africa. Dr. Johnson was awarded a PhD in 1992 from the University of Adelaide where he graduated in 1980 with an honours degree in Geology. Dr Johnson is a Member of the Geological Society of Australia, and the Society for Geology Applied to Mineral Deposits, and is a Fellow of the Australian Institute of Geoscientists and the Society of Economic Geologists.

[vanbrussel] 26/9/2008 20:38

New Issue announcement
due to shortfall applications pursuant to the Rights Issue Prospectus announced on 31 July 2008:

4.651.767 Ordinary shares at: AUD$0.124 or £0.06
1.550.589 Options at 19 cents (expiring 31 Aug 2009)

£ 279.106
Admission on October 2