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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Zambezi Nickel | LSE:ZNI | London | Ordinary Share | BMG9884M1064 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.40 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.40 | GBX |
Zambezi Nickel (ZNI) Share Charts1 Year Zambezi Nickel Chart |
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1 Month Zambezi Nickel Chart |
Intraday Zambezi Nickel Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/11/2007 | 17:26 | Nanocap Uranium Stock | 118 |
| 03/10/2007 | 22:32 | Zambezi Nickel | 64 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 26/10/2007 07:53 by johndee don't know if that positive news or not..............not |
Posted at 26/10/2007 07:16 by amazon_woman Lithic Metals&Energy Proposed AcquisitionRNS Number:4006G Lithic Metals and Energy Limited 26 October 2007 26 October 2007 Lithic Metals and Energy ("Lithic" or the "Company") Proposed Acquisition of Mineral Assets in Togo * Proposed acquisition of RRCC Limited ("RRCC") for #1 million * RRCC, through its wholly owned subsidiary, owns a 90% interest in 19 granted mineral exploration licences in Togo * Licences cover known nickel, copper, chromite, zinc and uranium mineralisation Lithic Metals and Energy (AIM: LMY), the AIM-quoted African nickel and uranium exploration and development company, today announces the signing of a purchase and acquisition agreement made between (i) Lithic; (ii) Stephen Dattels; (iii) Michael Beck; (iv) Chiropo Company S.A.; (v) Angstrom Capital Limited; (vi) George Roach; (vii) Bruce Cumming; (viii) J Stalker Discretionary Settlement; (xi) RRCC Limited and (x) Regent Resources Capital Corporation S.A.U., to acquire the entire issued share capital of RRCC (the "Purchase and Acquisition Agreement"). The consideration set out under the Purchase and Acquisition Agreement is #1 million, which is to be satisfied by the issue of 15,384,615 ordinary shares of 1p each in the share capital of Lithic at a price of 6.5p per share (being the average share price of the Company over the previous 30 days) (the "Consideration Shares") and a further cash payment of US$375,000, paid in quarterly instalments. The Purchase and Acquisition Agreement is subject to standard conditions precedent which include the successful completion of due diligence, the hand over of key documents and the final approval of the Company's Board of Directors and, as set out below, a further announcement will be made in due course when those conditions are satisfied. RRCC, through its wholly owned subsidiary, owns 90% of 19 granted mineral exploration licences in Togo (the government of Togo holding the balance), which comprise the following projects: Haito Project * Nickel mineralisation identified in test pits, soils and rock chips to 4% Ni over a large ophiolite complex. * Nickel values >1% Ni in soil sampling over 1.5km(2) area in an anomaly that increases in grade and is open to the North. * Nickel values >1% Ni over 2km(2) area in test pitting of a separate area to that soil sampled. * Chromite grading up to 43% historically mined from one of numerous outcropping occurrences. * Substantial exploration potential for nickel saprolite and laterite style deposits plus chromite resources. * Most of the prospective ophiolite remains untested. * Platinum exploration potential recognised. Pagala Project * Known SEDEX Zinc (Zn) deposit previously explored by Anglo American. * Substantial, wide-spaced, historical drilling targeted geophysical anomalies generated by multiple ground and airborne surveys. * Drill intercepts include 6m @ 11.37% Zinc from 16m, with grades up to 28% Zn. * Walk-up drill targets with future exploration aiming to complete sufficient drilling to define a JORC compliant resource. * Lithic believe there is potential exploration upside to delineate additional zinc resources. Niamtougou - Kara Project * Historical exploration identified pitchblende and uranophane uranium mineralisation over a number of prospects in drilling and trenching. * Uranium grades to 1500ppm (0.15%) U3O8 in drilling and trenching. * As far as Lithic is aware, no modern exploration has been conducted on the project area. * Licences cover a major regional structural feature that is believed to control uranium mineralisation and which remains largely unexplored. * Lithic believe there is potential exploration upside to convert drilled uranium occurrences into JORC compliant Resources. * Lithic believe the region is highly prospective for uranium. Background RRCC, a British Virgin Isles registered company owns a 90% interest in 19 granted exploration licences in Togo, West Africa, through its local 100%-owned subsidiary Regent Resources Capital Corporation S.A.U. The three key shareholders of RRCC (being Chiropo Company S.A, Angstrom Capital Ltd and George Roach) currently collectively hold 20,000,001 ordinary shares of 1p each (" Ordinary Shares") in Lithic (being 26% of the issued share capital of Lithic). Following the completion of the Purchase and Acquisition Agreement, these three shareholders would each receive 4,000,000 Ordinary Shares as part of the issue of the Consideration Shares. These three key shareholders would then collectively hold 32,000,001 Ordinary Shares in Lithic (being approximately 35% of the then issued share capital in Lithic). The 19 exploration licences cover known nickel, copper, chromite, zinc and uranium mineralisation. At this stage, these projects are at an early stage and accordingly there are no profits associated with the assets. The book value of the assets is #375,000. Commenting today on the proposed acquisition, Lithic Managing Director, Jim Kerr, said "The execution of the Purchase and Acquisition Agreement is a significant step forward for Lithic, which should bring to the Company an exciting suite of exploration assets, all with known mineralisation. Several factors attracted us to the Togo assets: known economic grades of nickel, copper, chromite, zinc and uranium over wide areas; a lack of modern exploration which creates potential advantages for companies with available resources if they access the sites early - particularly with respect to making further mineral deposit discoveries; exceptional regional infrastructure in the form of sealed roads, rail and port facilities and a positive outlook towards foreign investors following last week's successful general election." About Togo Togo is a Francophone West African nation bordered by Ghana to the west, Benin to the East and Burkina Faso to the North. The nation is a regional commercial and transport hub, with deep water port facilities serviced by rail and a sealed highway running the length of the country. The capital city of Lome is serviced by regular flights to Europe and other African countries. The Togolese economy relies on the production of cotton, coffee and cocoa, with the mining of phosphates making up the most significant element of the natural resources sector of the economy. In recent years, Togo has strived to normalise relations with its neighbours and the EU. Sanctions were imposed on Togo after human rights violations occurred in the last years before the death of former President Eyadema Gnassingbe in 2005 (after 38 years in power). Since 2005 under President Farue Gnassingbe, the country has focused on stabilising the nation and setting foundations for fair, open and democratic elections, a process which culminated in the successful general elections held last week. The success of the recent general elections paves the way for the normalisation of Togo's international relationships and creates a more positive investment climate that already offers economic advantages to companies looking to operate in the country. Summary Completion of the Purchase and Acquisition Agreement should occur in approximately one month's time, with exploration activities commencing immediately thereafter, at which time a further announcement will be made. At the same time as that announcement, application with be made for the Consideration Shares to be admitted to trading on AIM. The directors of the Company consider, having consulted with the Company's nominated adviser, WH Ireland Limited, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. For further information, please contact: Lithic Metals and Energy Jim Kerr Telephone: +61 8 9216 9000 WH Ireland David Youngman Telephone: 0161 832 2174 Conduit PR Jos Simson/Jane Stacey Telephone: 0207 429 6603 This information is provided by RNS The company news service from the London Stock Exchange END MSCMABRTMMMTBPR |
Posted at 03/10/2007 22:32 by johndee yes..cause price rising now................. |
Posted at 25/5/2007 19:29 by tippingpoint liam1om and I can tell you absolutely that you are wrong. This share will end Monday at exactly the same level.he he MMs clearly playing this well and are bringing this back down to buy shares back in. The stock is still highly illiquid, only 15% in freefloat so it seems. If the MMs want to treeshake again early next week it would not surprise me in the least. IMHO a market cap around £10mn is about right, so thats 13-14p. My best guess is that we will see a pullback in price to shake some shares out and then suddenly a marked upward rise probably past fair value to around 17-20p and then another pullback to 12-15p levels where it will probably hold awaiting news. Should a bit of a fluctuating week next week... But if you want a decent uranium play then ZNI is still probably very good value especially when compared to some of the other explorers on the market. Anyone looking at similar undervalued mining microcap situations, IMHO I would look at GGP at the moment. Gold and nickel exploration, cash £1.5mn, 1.5mnoz gold targets on two main prospects and a really fascinating Nickel/Gold grassroots area near to a well know Lionore area. Mkt cap is £5mn, so enterprise value at £3.5 mn is low, and the buying interest in the market in the last few days has been, well, interesting.... Here is the link to the thread: imho |
Posted at 24/5/2007 21:02 by tippingpoint Wow, that was quite a day. For what it's worth I dont think charts are entirely reliable, given that ZNI are now a combined nickel and uranium business with £2mn cash.Last year they were a slowly 'progressing' nickel business with nickel prices 60% of where they are today and they didnt have lots of cash either. Where I think the charts may hold some influence is in the resistance points. There were plenty in around 12-15p last year. I said yesterday the lack of liquidity could cause a spike or stagnation. Well it seems to be a spike. Where the spike stops of course nobody knows. But if you assume the balancing 20mn shares placed went to a firm holder (big assumption), the free float (ie non delcared interests) amount to 13ish%, not a lot. The 1.3mn traded today is 10% of that freefloat, hence the spike I guess. I think this might have some more to go, by virtue of the high uranium price, interest in the sector and the liquidity issue. At 11.5p ZNI are capped at £8.7mn. Not too startling for the mix of projects (U and Ni) and cash. Good luck all holders... IMHO |
Posted at 24/5/2007 11:12 by ramnik007 I believe based on the ZRL and ZNI deal announced recently and ZRL's stake in ZNI, ZRL actually own approx 75% of the ZNI Uranium projects! |
Posted at 24/5/2007 10:45 by hattori_hanzo Don't forget that ZRL own 48.6% of ZNI and ZRL have other high calibre gold and copper assets too. The ZRL price is just starting to tick up on the ZNI gains, but plenty more to come, imho.FYI: ZRL was tipped in IC last week. |
Posted at 23/5/2007 23:19 by tippingpoint Actually quite excited at the speed at which the first news has come out re Uranium team. The mms dont seem to have much stock which of course could cause a price spike, but may dampen the share price movement if they dont feel they can match the buys with sells at some point.It will an interesting ride though. Bought another 50k today but difficult to buy a great deal at the moment. Good luck all |
Posted at 22/5/2007 22:55 by hattori_hanzo I bought a few ZNI today, but just a small punt to compliment my larger ZRL holding, ZNI has been under the radar and may now attract some hot money in the near term, but ZRL has probably got the better longer term prospects and is itself very undervalued, imho...and, of course, it owns a big chunk of ZNI. |
Posted at 22/5/2007 19:50 by tippingpoint In simple terms here is the position at 22 May 2007:ZNI - Zambezi Nickel was until yesterday a Nickel explorer in Zambia and Mozambique. The company now has: - at least £2mn in cash - a heads of agreement will ZRL - Zambezi resources to form a Joint Venture on various Uranium licences currently held by ZRL, including the highly interesting Oryx licence area where rock chips assays on Davidite material showed up to 6.4% Uranium - a exploration strategy that will hopefully lead to a 'fastrack' JORC resource and Uranium mining proposition - an underlying Nickel business with a developing story in Mozambique (where BHp Billiton have a right to step back into the licences if the exploration finds a large resource and a historically challenging - but going forward interesting lateritic nickel story at the Zambian licences - a solid, experienced management team to drive the company forward - a sound partner in ZRL who have a 49% interest in the company - a placing just accomplished at 5p, with £2mn raised at 25% higher than the market mid price The really interesting point is that the company, now in both the uranium and nickel sectors (both of which are heating up nicely), has a market cap at 4.5p mid of £3.3mn. This equates to an enterprise value of just £1.3mn after deducting £2mn cash. That for me makes the investment prospect fascinating. Probably the lowest priced uranium stock on AIM, but I imagine not for very long imho. Company website (it needs updating): 22 May 07 rns re uranium/placing: Management team: Feb 07 Nickel report (with ZNI coverage - good summary of the old company): ZRL March 07 presentation with U details: Latest U exploration results posted by ZRL two weeks ago: ALL imho |
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