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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zambezi Nickel | ZNI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.40 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.40 | 6.40 |
| Top Posts |
|---|
Posted at 26/5/2007 21:06 by itsinthebag tippingI think ZNI will fall to around the 10p mark before it lifts off again. Have a small position, could only only grab around 26k shares around the 7p mark. Agree about GGP. If you talk to the management, they are hyper confident. Seems good value at £1.6m cash plus enterprise value. Think they will get to around the 5-6p mark very quickly on the expected update. |
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 11:26 by hattori_hanzo Hi ramnik - Thanks for the info, I'll take a look at the figures.I see you menioned on the ZRL thread that the general consensus is that the ZNI shares owned by ZRL will be distributed to ZRL share holders at some point in the future. That would be fine by me and a share distribution, as opposed to a special dividend, would avoid CGT. |
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 14:09 by malkie how similar was URA @2p to ZNI now??URA was just a bunch of licences then....as is ZNI today... |
Posted at 23/5/2007 11:17 by malkie News is interesting - a good qualified non exec should not cost much, but adds to credibility and skill set. The thing about Uranium is that its red hot on ASX/TSX, yet only simmering on AIM. Right the way across the spectrum everyone with Uranium assets is trying to maximise their value. URA with a possible listing on ASX VML with the same on TSX RRR by reversing into ASX Retail Star Just to mention a few on AIM With Uranium right now its about realising some value going forward.. ZRL have hived off their Uranium assets to ZNI with exactly the same rational. At these levels you have to ask what the next move will be. Beefing up the board with a qualified individual is certainly a move in the right direction. May be they will also look for a dual listing?? BTW - would you have bought URA when it was at 2p??? |
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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