Zambezi Resources Share Discussion Threads

[ramnik007] 30/4/2008 07:21

More positive news today should add to share price momentum.

[clearsoup] 29/4/2008 15:17

ZRL are presenting at the next Minesite conf late May.

[skyracer] 29/4/2008 14:11

ZRL reminds me of DWY which drifted into the doldrums, then in April 2007 BHP bought a stake and the share price took off.

[powwow] 29/4/2008 12:46

thanks, all very positive I agree. Will go off and DSR.

[umair] 29/4/2008 12:26

My take is that these guys will develop their acreage to the max and then look to be bought out... so dilution should be minimal. It will be interesting to see the next set of cash flow numbers.The last cash update was £6.5M with £1M predicted spend last quarter... although I find that difficult to believe. I guess the thinking was that they shouldn't be spending much of their own money on drilling this season, it should be mostly analysis.

These shares not too long ago were up at 30p on much less interesting news. They held at 15-20p awaiting news and then drifted down gradually as news was slow to appear. But we knew news would be slow from the company announcements.

Remember they have copper, gold and uranium plays. So plenty of news surely coming.

Given the resurgence (hopefully this is just the start) of news flow, this has got to get back up to 12-15p at least in the short term.

[powwow] 29/4/2008 12:16

umair, good luck mate.

When you say raise money, how much money do we think they will need at these share price levels as just wondering the dilution to come. Also dilution or not, what is the upside from here in terms of revenue or potential revenue.

I'm really thinking I may start to accumulate a few.

[umair] 29/4/2008 12:03

Nice news, copper finds seems to be at fairly low depths which surely means cheap extraction potential.

Looks like a bottom to me. I've been holding these for a few years, from 12p up to 30p and now down to 8. I did halve my holding at around 13p, but am buying back in now. At some point they will need to raise some money, although remember these guys tend to focus on farm-in agreements where others put in the capital to do exploration and hopefully eventually extraction, so they don't tend to burn as much.

With more good news like this they should be able to raise money without too much trouble. Rio and BHP doing quite well, so there should be some money available to invest, particularly given strong metal prices.

[powwow] 29/4/2008 11:08

this has suffered huge falls.. what's those who have been in this one for some time, view on the future of this company. It looks like a bottom quite possibly for the company. They have cash, yes 6 million. How long do we expect this to last.

[ramnik007] 29/4/2008 10:27

Certainly not missed the boat, as continue to hold. My comments based on observation. If there was'nt a seller the price would have moved by a higher %. If I was not holding a large amount in the portfolio, I certainly would be buying more based on todays RNS.

[scotswhaehae] 29/4/2008 09:41

bizzare comments today ramnik007...relax you haven't missed the boat...unless u r short ??!

good day so far...but potential to mid 20s for starters as confidence rebuilds imo.

[ramnik007] 29/4/2008 08:54

Looks like some institution wants out whatever the newsflow.

[scotswhaehae] 29/4/2008 08:48

by 'results' you mean industry wide delays in drilling data I presume, financial results are not 'delayed' of course.

anyway...interesting times ahead imo...

[sitiain] 29/4/2008 08:45

yup im back in 100 ,000 at 8.5
fingers crossed..

[ramnik007] 29/4/2008 08:32

Ths share price has drifted lower due to very late drill results. The good thing is that the delay was not due to poor results, however, has probably delayed the partnership discussions.Hopefully mgt can speed up the discussions, and plan a substantial drilling season with partner(s) money.

If Rio Tinto were to commit resources for Uranium exploration in the next couple of months, that would be very good news.

[canny lass] 29/4/2008 08:17

Hi all, just bought in today. My trade is not showing yet. 25K at 8.43p.

Hoping this might be the turning point of the company.

[scotswhaehae] 29/4/2008 08:05

Very promising statement that there is multiple advanced interest in farm-ins...

Maybe just maybe at the turning point ???

[tippingpoint] 28/4/2008 18:30

Their last casflow statement (quarterly Jan 08) put them at about £6mn cash with projected spend in the next quarter of £1mn on Exploration & Development. So if the spend overall £1.5mn, then that still gives them £4.5mn in the bank.

Where are the cash flow worries? Seems OK for now to me? imho

[sitiain] 28/4/2008 17:52

this stock just seems totally unloved.
these things can turn around rather quickly but a little baffled here.
lucky i am out having sold higher up but thinking it has got to be worth a punt here.
just feel like maybe i am missing something..

[cuzy] 28/4/2008 12:09

Just thought I would look in and see what has been going on. Anyone any idea why such a big fall?

[ramnik007] 15/4/2008 08:11

Lets hope there is plenty of more data like today to come in the next 3 months!

[umair] 08/4/2008 18:15

Some news, or more correctly a postponement of long awaited news on assay results... at least they seem to be doing something about the backlog of assay results.

[clearsoup] 08/4/2008 09:46

Have added to my holding

[vermilion1966] 08/4/2008 09:11

08/04/08 07:01 UKREG Zambia Copper Update

So no news, then...