Zambezi Resources Share Discussion Threads

[hattori_hanzo] 23/2/2007 10:47

Hi folks.

I've recently bought a few ZRL. Just popping in to say hello.

[ramnik007] 23/2/2007 10:36

Hoping for newsflow by end of month, and hopefully its good news on the Uranium front. Any serious buying now could transform the share price

[devpatel] 23/2/2007 10:29

are we expecting news ramnik007, you sound awfully positive !

[ramnik007] 23/2/2007 10:27

SP action at long last!!!

[umair] 22/2/2007 01:37

Wow, been away for a week... I'm going to not watch this more often.

[sagem] 21/2/2007 16:49

ZAMBEZI RESOURCES better look out...preditors are on the loose and will be snapping up potential Uranium future producers especially those that own the Licenses just like ZAMBEZI RESOURCES ;-

Uranium's new-found popularity sparks takeover energy
February 20, 2007

By Ronnie Morris

Tipped to touch $100 a pound (R1 568 a kilogram) this year, uranium is fast becoming flavour of the decade.

Its price has already doubled in the past year, due to constrained supply growth and increasing demand from electricity utilities, as nuclear power benefits from concerns about global warming due to carbon emissions.

It's quite a reversal of fortunes for a metal that was trading in single digits at the turn of the century. And it's not surprising that a flurry of corporate activity now surrounds uranium producers.

Hot on the heels of sxr Uranium One's $3.1 billion (R22 billion) bid for UrAsia Energy last week comes news that UraMin, listed in Toronto and on London's Alternative Investment Market, intends to "examine its strategic options" given the consolidation in the sector.

Even though UraMin hasn't started producing yet, its shares rose 10 percent to £2.65 (R36.73) yesterday in response to the news.

The group's executives are based in Johannesburg, where they are guiding UraMin's properties in Namibia, South Africa and the Central African Republic towards commercial production. Its Namibian mine, Trekkopje, which is expected to become one of the 10 largest uranium mines, is the most advanced of its projects, with a feasibility study due to be completed this year.

Neal Froneman, the chief executive of sxr Uranium One, recently cautioned that if companies wanted to take advantage of current uranium prices, they needed to be at or near production. He added that the investment cycle for uranium shares was entering a dangerous phase, as many companies were climbing on the bandwagon.

UraMin hopes to start full-scale production of 3 million pounds a year at Trekkopje by the end of next year. Its other projects could also benefit from high uranium prices, as supplies of the metal are likely to be constrained for some time yet.

[sitiain] 21/2/2007 12:34

all those are buys today.
hopefully the seller has gone.
it well bid 18 pence i am told.
hopeing for a break out.
nice to see Glencore buying shares at 16.25 pence, i can not see them wasting their time here unless something nice is going on.
they are on the ground with these people so have a inside view of the companies potential and their licences.
good enough for me and you will not get better research into an exploration company than that.

[tasciovanus] 21/2/2007 11:10

Back into profit, whoopee!

[scotswhaehae] 21/2/2007 10:19

looks like a big re-rating getting underway...and way overdue imo

25p plus for starters?

Good luck all!

[sitiain] 21/2/2007 09:37

nice buying in this stock but the price never really seem to go up very quickly.
is there a big seller?
any thoughts.
tempted to buy more of these seem to have a lot going on.

[Abuse team] 17/2/2007 11:37

Post removed by ADVFN

[Abuse team] 17/2/2007 11:36

Post removed by ADVFN

[wassapper] 17/2/2007 11:36

Interesting new story about Zambezi on Minesite.com (you just need to register to read).

"Zambezi Resources Has A Number Of Opportunities Ahead Of It"

[ramnik007] 15/2/2007 17:46

Hope there is some value add newsflow soon - waited long enough!

[devpatel] 15/2/2007 17:28

some interesting volume has gone thru after hours, 1 @ 16.75 & 2 @ 17.00.
bodes well for tommorrow, are we expecting any news ?

[ramnik007] 15/2/2007 08:25

Explorers are indeed high risk investment. However, the positive things going for ZRL include:

-Huge mineral rich territory (17,000km squared) of which only 20% yet explored
-Variety of projects including copper, gold and Uranium
-Glencore need more copper ore to process in their new plant in Zambia
- Uranium concentration found includes upto 6%, unlike many other Uranium mines operating on approx 0.15% Uranium
- Have one of the largest exploration teams in Zambia

[drewz] 14/2/2007 23:59

In a nutshell as I see it, Glencore should be a very good partner to help ZRL develop their Zambian copper projects if/when they are drilled up and deemed commercially viable.

They have the cash flow, operational expertise and established copperbelt presence which will all prove invaluable if/when needed.

But there is a lot more drilling and feasibility work to be done yet before any mine development plans can be contemplated. Probably 12 - 24 months, although ZRL have brought in a lot more rigs this year which will speed things up.

This is what Glencore say about themselves and their Zambia copper operation:

Glencore is a privately held company owned by its management and employees. Headquartered in Baar, Switzerland, in our marketing operations Glencore directly or indirectly employs over 2,000 people worldwide in some 50 offices in over 40 countries. In our industrial operations Glencore directly or indirectly employs over 50,000 people in 23 plants in 14 countries.


On a consolidated basis, turnover for the 2005 fiscal year was US$ 91.0 billion, Total Assets were US$ 32.4 billion and Total Glencore Shareholders' Funds were US$ 6.4 billion at 31 December 2005.

Glencore is rated BBB- (stable) and Baa3 (stable) by Standard & Poor's and Moody's respectively.

As a privately owned company, Glencore restricts access to its detailed financial information.



A subsidiary of Glencore also owns a 73% interest of Mopani, a Copper and Cobalt mine in Zambia. The remaining equity is held by the Zambian Government (10%) and the balance by First Quantum, a Canadian publicly listed mining company

Mopani Copper Mine is an integrated copper and cobalt producer located in the Copperbelt of Zambia. Mopani's operations consist of four underground mines, a concentrator and a cobalt plant in the town of Kitwe and an underground mine, concentrator, smelter and refinery in the town of Mufulira. The capacity of the Mufulira Copper Smelter is being expanded in a phased approach to 800,000 tons of concentrate by the end of 2007. The current capacity with the new Isa smelt furnace is 650,000 tons of concentrate. In addition, the company produces 20,000 tons of SX EW copper cathodes, which is being expanded to 60,000 tons by the end of 2006 and 100,000 tons by the end of 2007. Glencore's initial interest was acquired through a subsidiary in 2000.

Facility Mopani Copper Mine

Percentage owned by a
subsidiary of Glencore - 73%

Production capacity - 240,000 MT Copper metal
(350,000 MT following completion of expansion)

+ 2,200 MT Cobalt

Process Underground mining

Ore concentrators

Cobalt plant

Copper smelter

Copper refinery

Number of employees 8,848

----------

They also own 36% of Xstrata.

They are pretty huge, though secretive, and seem to have acquired a vast array of worldwide mining and metal refining assets over little more than a decade.

I don't know if they have any subsidiaries with expertise in uranium (or gold) mining operations. I couldn't find any on their website. They certainly trade uranium and have got the Australian commodities press twitchy over 'security' issues in that regard.

They are described down-under as:
"the notoriously private and hard-headed Swiss commodities trading house Glencore".

The critical question as ever will be how much value will ZRL have to give up to Glencore/ the banks/new equity in order to develop these assets if they prove commercial. Depends how shrewd a deal maker Mr Ford is, I suppose.

Lots of unknowns still, so investor interest is subdued for the moment.

[tonystringy] 14/2/2007 23:13

Haven't had time evaluate today's RNS yet.......hope to by the weekend.

-Was looking for some guidance to save time.

[speed camera] 14/2/2007 22:49

This is an outstanding one!

[tonystringy] 14/2/2007 22:36

Very good reply drewz.....thanks.

I've made of all the above mentioned mistakes.

[cuzy] 14/2/2007 22:09

What more do you want??

[gardenboy] 14/2/2007 21:18

wise words indeed, drewz

[drewz] 14/2/2007 21:12

It's a slow burner, this one, Tony. Like STI, AAU and goodness knows how many other mining tidlers which have great potential.

I have just been reading Michael Coulson's "An Insider's Guide to the Mining Sector. How to make money from gold and mining shares."

It's a thoroughly good (and quick) read, distilling over 30 years of his wisdom and experience as a mining analyst into a few pithy short chapters.

As he so rightly points out, so many junior explorers look as if they could skyrocket, yet very very few do. It is easy to get carried away with enthusiasm for these tiddlers' prospects but it is a long and difficult road proving up resources to reserves, raising money to mine it, then mining it profitably or selling it on to a larger player with cash flow to fund the development costs. And all the while metal prices are yo-yoing all over the place.

Great fun but very speculative. Therefore, I have a few ZRL at the moment to keep me interested (same as with SCR, GGG etc) but won't buy more until I am more certain that they have an economic project and a route to monetising its value.

The grief over SCR's disappointing failure to firm up a JORC compliant reserve assessment on its copper/moly play at Danfeng is a salutary reminder that this junior exploration business is fraught with risk and it is much easier to fail than many seem to realise.

I am much happier putting significant sums into juniors like RDG which have the funding, the management expertise in how to build and operate a mine (not just drill and enthuse over the geology!), the joint venture partners, the right grades and reserves and a timetable to turn it all into substantial cash flow.

[tonystringy] 14/2/2007 20:46

Is that it???

Are few here following ZRL or are they all keeping quiet until they've added?