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Real-Time news about Zeehan Zinc (London Stock Exchange): 0 recent articles
|numbercruncher2: Interesting day with almost 4m shares traded. No RNS released which is usually the case when there is a large share price increase stating that "The directors note the large share price increase but know of no reason for the increase." Maybe they do know a reason and we will hear more shortly !
Looking forward to tomorrow .................|
|andrbea: another small cap miner in Tasmania (dated today)
Bass Metals, which mines lead-zinc-copper-silver-gold deposits on the West Coast of Tasmania, has maintained a strong exploration programme to get its resources ahead of production and, like so many junior Australian miners, has been struggling to get much attention on the Australian Securities Exchange (ASX).
Bass Metals share price closed today at A10.5 cents - a price range it has been caught in for the past three months after beginning a slide from about A22c along with base metal prices since July last year.
Rosenstreich has detailed some positive statistics related to the company's upgrade on its ore reserves at the Que River mine. There has been a 65% increase in ore reserves, there was 81% more ore produced and sold to end-December than predicted, and a new exploration target with hope for up to 60,000t of high grade ore has been found near the operation's PQ pit.
"These may not be huge tonnes but we started with a reserve of 115,000t, mined and sold 81,000t and now have a new reserve of 129,000t," Rosenstreich said.
"Translating this into the universal language 'money speak' the 38,000t we mined to the end of June 2008 underpinned a maiden (2007/08 after tax) profit of $A1.8 million ($1.17 M)."
|andrbea: ozl (Ausralia) share price crashed to 1.225$
but they have a thread now called 'rally coming'
eg (last poster)
What a screaming buy at these levels...dow futures up and europe doing well tonight...
I can smell a strong rally in the near future..
remember guys it is an exciting game,,,what goes down must go up......good luck to all holders...
Merryl lynch and other brokers have a target price of 2.90|
|andrbea: some Aussie comment (dated today) on ozl:
The biggest example of a push for size so far has been the teaming up of Oxiana and Zinifex to form OZ Minerals in June in an effort to fund bigger acquisitions amid trembling credit markets.
But it is probably more an example of why foreign cash is needed, with credit and metal markets becoming substantially worse since then, slashing OZ's share price and damping expansion talk.
|andrbea: new article on ozl
Although OZ's own share price doesn't show it, the strategic value of this 'warchest' has risen considerably over recent months, as the share prices of up and coming resource companies have slumped amid the market turmoil.
The savaging we have witnessed in the junior resource sector has not discriminated, with companies developing high quality projects experiencing severely depressed share prices.
It is a buyers market. With asset values down, and project finance becoming more scarce, those such as OZ Minerals with the ability to hunt, have a smorgasbord of opportunities to chose from and extract long term value. Therefore in light of this strategic advantage, growth outlook and value proposition, we rate the stock a high risk 'buy'.
|jonwig: Thanks for that, Kimboy - I'd probably never have looked.
I did notice the China connection (stake plus Non-Exec) which could be a decent underpin to the share price.
Could be a buying opportunity, but so many shares so little ££!|
|hard work: The original brokers note gave estimated revenues for year ending June 2008 of A$35m with a profit of A$1m.
Commodity prices used were Zinc $1500/t (now $3400/t) and lead of $800/t (now $2800/t).
Therefore, potential to be much more profitable, yet share price is dismal!|
Zeehan Zinc share price data is direct from the London Stock Exchange