Zambezi Resources Share Discussion Threads

[sitiain] 14/6/2007 12:45

yes it will be very interesting to see how it performs in Australia.
The price action here still sugests we still have a seller , i was hoping we got rid of him at 20 pence.
i thnk the AIM just has too many of this type of company.The bigger funds still seem to keep away from illquid companies and i believe(talking my book of course)this is throwing up oppertunities for smaller investors like myself.
however..
to get full value you have to wait a long time depending on weather they get bought out or become a producer.
still happy to be here with other long term holders.

[ramnik007] 14/6/2007 11:58

As per usual, private investors in UK not too interested. Hope the private investors in Aussi land take a different view of ZRL's potential. Exploration stocks with significantly less projects, exploration territory and progres than ZRL have had mkt caps race away on the ASX. I'm informed that the Aussie mkt is the most bullish for exploration companies. Fingers crossed for ZRL on 19th June.

[thomas11] 14/6/2007 11:42

3 times oversubscribed - sounds good to me

[devpatel] 14/6/2007 07:15

FANTASTIC NEWS
London-listed Zambezi Resources to list in Australia June 19 following IPO
AFX


SYDNEY (XFN-ASIA) - Zambezi Resources said it expects to list on the Australian Stock Exchange around June 19 following its 15 mln aud initial public offering which was 3 times oversubscribed.

The offering of 33.3 mln shares at 0.45 aud each represents 17 pct of Zambezi's issued capital.

The company, which is already listed on the AIM market of the London Stock Exchange, expects to use the float proceeds along with 26.5 mln aud in cash to fund an exploration program in Zambia's copper/gold belt.

Zambezi chief executive Julian Ford said the planned exploration will be the largest program in Zambia in 30 years.

'We've got one of the largest exploration teams in African and hope to find one new mine a year for the next three years,' he said.

New mine developments by companies, including private Swiss group Glencore International AG, mean Zambia's copper production is forecast to exceed 800,000 tonnes in 2008, up from 500,000 tonnes in 2006 and a peak of 720,000 in 1972 before the nation's then state-owned mines were starved of capital as the 1970s oil shock sparked a financial crisis in Zambia.

Zambezi has exploration rights over 16,300 sq km of land, primarily in southern Zambia, comprising copper-gold and uranium projects.

Its flagship project is the Cheowa copper joint venture with Glencore.

[jumbo66] 14/6/2007 06:39

[hd] hold em long lads re jumbo

[ramnik007] 13/6/2007 22:46

I hope its a few days to go before share price lift off.

[devpatel] 13/6/2007 10:03

Zambezi Resources to raise A$15m ahead of ASX listing
By: Nelendhre Moodley
Published: 12 Jun 07 - 10:51
Zambian-focused exploration company Zambezi Resources (Zambezi) on Tuesday announced that its Australian public share offer of 33,3-million shares at 45c each to raise A$15-million would open on Wednesday ahead of its dual listing on the Australian Securities Exchange at the end of the month.

Listed on the Aim market of the London Stock Exchange since July 2004, Zambezi has assembled an extensive 16 300 km2 tenement position, primarily in southern Zambia, comprising copper-gold and uranium projects with strong growth and development potential, the company said in a statement.

Zambezi, which expected to make its debut on the ASX on June 29, said that the offer was scheduled to close within just six days, on or before June 19.

Following completion of the offer, Zambezi would have a total of 185-million shares in issue as well as 9,5-million options, and 1,9-million warrants, with a market capitalisation at the issue price of some A$85-million.

If full subscription was achieved, Zambezi would have a total of A$26,25-million of cash on hand, to enable it to pursue an aggressive exploration and development programme in its Zambian portfolio.

The two-year program would include total exploration expenditure of $21,15-million – including up to 100 000 m of planned drilling in 2007, 80% of which would target resource drill-out programmes.

"The vast majority of this planned expenditure will go directly into the ground, which we believe is the best possible way to achieve a substantial value-uplift for our shareholders. We have already received an overwhelming response to the offer from institutional and retail investors in Australia, and we expect to be able to close within a few days," commented Zambezi's MD Julian Ford.

He added that the purpose of the dual listing was to broaden the company's international shareholder base, increase liquidity in its shares, improve analyst coverage and raise additional funds to accelerate exploration and development activities.

A key activity focus would be the flagship Cheowa Copper project, which was expected to become the cornerstone of the company's plans to develop a substantial copper-gold mining operation in Zambia.



I like the bit about the responce they have had and they expect to complete in a few days.

[skyfella1] 06/6/2007 12:03

RNS Number:8736X
Zambezi Resources Ltd
06 June 2007

6 June 2007

Zambezi Resources Limited (AIM:ZRL)

PROPOSED ASX LISTING AND FUND RAISING

The Directors of Zambezi Resources Ltd ("Zambezi" or the "Company"), announced
on 27 February 2007 the proposed listing of Zambezi on the Australian Securities
Exchange (the "ASX") and an associated fund raising.

Zambezi has today lodged a prospectus with the Australian Securities and
Investments Commission ("ASIC") outlining a conditional offer of up to
33,333,333 ordinary shares at AUD 45 cents per share to raise up to AUD $15
million in Australia (the "Offer") and the proposed dual listing of its shares
on the ASX (the "Prospectus"). The Offer does not constitute an offer to sell,
or a solicitation of any offer to buy, Zambezi shares in the UK The Prospectus
is provided for information only in the UK.

The funds raised will be used for the exploration and development of the
Company's projects as detailed in the Prospectus and to pursue other
opportunities to expand the Company's portfolio of mineral assets.

A copy of the Prospectus is available from the Company's website at:
www.zambeziresources.com

The Prospectus is subject to a seven day exposure period from the date of
lodgement with ASIC, to allow examination, and this exposure period may be
extended up to a further seven days. Subject to this, an application for
admission to the ASX will be made following the expiry of this exposure period
and completion of the Offer. It is expected that admission to the ASX will
become effective on 29 June 2007.

For more information contact:

Julian Ford, Managing Director Jeremy Wrathall, Non-Executive Director
Zambezi Resources (Australia) Zambezi Resources (London)
[phone]/[phone] Mob: [phone]

Fiona Owen Laurence Read / Leesa Peters
Grant Thornton Corporate Finance Conduit PR
[phone] [phone] / [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

END
IOEILFSLRDIRIID

[ramnik007] 06/6/2007 07:27

Institutions prepared to pay 21.5p to buy. All looking bullish for the ASX listing.

[1967] 05/6/2007 16:32

Some big buys to close. Nothing but good in that I reckon.

[capt bligh] 05/6/2007 15:18

This is looking rather strong, good volume today and 150k at 21.75 just gone through

[ramnik007] 04/6/2007 19:06

No institutional sellers yet. Any serious buying by private investors could result in a step change in share price Fingers crossed.

[currypasty] 04/6/2007 14:10

blue again, from a red start...lol

[carmadandy] 04/6/2007 11:53

we are blue, looking good.

[ramnik007] 02/6/2007 12:02

Hoping next week will be a transforming week with the AFX details being published.

Looks like the last big seller has finished. I assume Mr Ford would have made sure that any major sellers have had a chance to offload their shares to eager Aussie buyers before the Aussie placing takes place.

[ramnik007] 31/5/2007 14:55

Well I've got tired of adding tranches to my position. Now its time to sit, wait and watch it take off!!!

[thenry2468] 31/5/2007 14:25

added to my ZRL position.

[obarmoth] 31/5/2007 14:21

Not a single trade printed since the MM buy. Looks like they're saving them all up for after the rise this afternoon to make all the buys look like sells. When will they realise that we're onto them? ;-)

[daz] 31/5/2007 13:18

Fingers xxd we will see an even bigger rise today :-)

[obarmoth] 31/5/2007 13:16

Added literally one minute before that MM buy that shoved the offer up by 1p.... :) Trade not showing yet...

[daz] 31/5/2007 13:14

Looking very good with the ASX listing to come. As reported in a previous post, Julian Ford said at the Minesite presentation that Australian interest in ZRL was 'phenomenal', which hopefully will translate into substantial buying. With ZRL going up before the listing, I think the 22p high will be taken out sonner rather than later.

Am very optimistic about ZRL at the mo.

Could explode if there was some positive drilling news as well.

[sitiain] 31/5/2007 13:00

yes my guess is finally the seller has moved on, lets hope forever.
if we get some decent news now the price should make new highs.

[hattori_hanzo] 31/5/2007 12:51

Hi CP. Yes, let's hope this move sticks.

NB: Congrats on HAWK.