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ZZL Zeehan Zinc

1.13
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zeehan Zinc LSE:ZZL London Ordinary Share AU0000XINEA1 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.13 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 1.13 GBX

Zeehan Zinc (ZZL) Latest News

Real-Time news about Zeehan Zinc (London Stock Exchange): 0 recent articles

Zeehan Zinc (ZZL) Discussions and Chat

Zeehan Zinc Forums and Chat

Date Time Title Posts
17/8/200910:14Zeehan Zinc a Tasmanian Miner new to AIM871
06/1/200910:021p placing/nickle results imminent8

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Zeehan Zinc (ZZL) Top Chat Posts

Top Posts
Posted at 17/8/2009 10:14 by roks
With the price if zinc at all time high I would have thought this would move up a bit....
Posted at 31/7/2009 15:53 by andrbea
creat holdings, the funding behind zzl, ought to diversify in Tasmania IMO

forget about nickel or zinc (low prices, & low demand)

go after onshore methane gas instead :-)
Posted at 15/7/2009 23:41 by jl202
Huge sells at the close, guess that was dragging the price down?

jl.
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 23/6/2009 12:25 by 8trade
Just this market, lots of small caps coming out with positive news
but not many buyers about and as ZZL has been so quiet of late the
mm's have some stock to offer before any movement, 2 of the 4 mm's
have moved to the 1.1p bid leaving one mm offering 1.35p but you
can still buy easily at 1.24p online.
Posted at 04/5/2009 17:04 by induna123
I love this quote,

"To be conservative, we have assigned
a multiple of 5.5x for Zeehan's production and arrive at a net valuation of 17p
per share. We believe that, assuming the permit and off-take agreement meet
our expectations, this is the minimum valuation of the company."

This was when the share price was 10p!

Looking forward to tomorrow.

I can see some momentum building here over the coming week.

Good luck everyone.
Posted at 22/4/2009 21:36 by 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 .................
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 12/2/2009 10:29 by jonnyred
andrbea - you clearly have impressive knowledge of the ZZL situation - I took a bit of time to download from an Aussie government website some old aeromagnetic surveys over the NW Tasmanian area and it's clear that the nickel belt around Avebury extends to the north and east of Avebury into Zeehan's lease area.
Clearly ZZL buying Avebury would be very attractive (although it is mothballed and therefore loss making at these nickel prices). Oz Minerals also own Roseberry to the north east of Zeehan which is still producing cash. If ZZL could get their hands on either or both, it would be transformative for ZZL but it's difficult to see how they would fund ir. It would require more equity injection from Creat or debt into ZZL implicitly guaranteed by the parent, Creat. Do you have any views on how ZZL might fund any acquisitions? Cheers
Posted at 29/9/2008 09:54 by 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'.
Zeehan Zinc share price data is direct from the London Stock Exchange

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