Zambezi Resources Share Discussion Threads

[galeav] 18/6/2007 10:27

I don't think general trading in ZRL starts until Thursday in Australia.

[nicebut] 18/6/2007 09:54

In for another 60k...(3x20k trades)...should be interesting tonight and tommorrow.

[bramwell] 18/6/2007 08:39

announcementSearch.do?method=searchByCode&releasedDuringCode=W&issuerCode=ZRL

PDF document download announced today on ASX

[5dally] 18/6/2007 08:33

This will be interesting today

[tasciovanus] 18/6/2007 08:29

I think its ZRL as well. If you go into ASX website and enter ZRL, its ready set up for Zambezi Resources.

[jon389] 18/6/2007 08:18

thanks mate

[devpatel] 18/6/2007 08:03

jon389, as far as i can gather, they have not disclosed yet.
should be soon thou.

[jon389] 18/6/2007 07:58

What is epic in oz please

[galeav] 17/6/2007 14:52

Normal trading is 10am to 4pm and they are 8 hours ahead of the uk They pre open at 7am

[madhouse3] 17/6/2007 11:44

what time does the ossie market open,

[ramnik007] 16/6/2007 21:33

Hopefully the current share price move will put ZRL on uk private investors' radar and recognise the huge potential ZRL has to continue adding value. The exploration territory ZRL has in Zambia is rich in numerous metals. The challenge for mgt will be to focus on the mega projects which global commodities companies would want their hands on.

By the end of this year ZRL will have substantial drill data to validate the exploration team's hypothesis of substantial level of mineralisation based on both VTEM surveys and trenching.

Also, Aussie analysts, who appear to better understand how to value exploration companies, in my opinion, will start to research and recommend ZRL.

The Aussie IPO mkt is currently extremely bullish for junior exploration companies. The timing of ZRL listing on the ASX is looking extremely good. It is no wonder the Offer was closed within 2 days.

Exciting times ahead in the coming weeks. The question is how much will the Aussie institutions and private investors chase these shares. With the current bullish mkt, hoping 50p could be a reality. But as always do your own research and reach your own conclusion.

[sagem] 16/6/2007 06:29

Now check this out regarding ZAMBIA RESOURCES float in OZ :-

www.theaustralian.news.com.au/story/0,20867,21911319-5001942,00.html

[grimbo] 15/6/2007 21:29

Been waiting for a while for this to become properly valued. Nice move today.

[devpatel] 15/6/2007 18:16

i am not sure if this has been posted yet...

OVERSUBSCRIBED THREEFOLD
Australian investors swamp Zambezi's ASX dual listing IPO

An Australian-driven AIM board company with big targets in Zambia appears to be threefold oversubscribed in its quest to help Australianise the company.
Author: Ross Louthean
Posted: Friday , 15 Jun 2007

PERTH -

A prospectus to raise $A15 million (£6.37 M) for Zambezi Resources Ltd to dual list on the Australian Stock Exchange has virtually closed on opening after two Australian stockbrokers and a resource banker were rapidly put into a heavy oversubscription mode.

The dual listing for AIM Board listed Zambezi provides the opportunity for Australian investors to gain almost a 17% stake in the company which has a major focus on iron oxide copper gold (IOCG) deposits in Zambia as well as distinctive copper and gold targets and polymetallic prospects with uranium potential.

When the Australian funds can be added to Zambezi's coffers the company will have cash reserves of $A45 million (£19.123 M) plus a flow of $A20 M (£8.49 M) from joint venture commitments from metals house Glencore AG.

In the coming fiscal year Zambezi will have an aggressive drilling programme in Zambia, planning to drill about 100,000 metres utilising eight drill rigs, of which five are already operating on company leases.

Managing director Julian Ford told Mineweb that the company was now one of the most active explorers in Africa, with a team that includes 28 geologists.

One of the most advanced is Cheowa in the southern sector of the Lusaka East Group near the Zimbabwe border where a small part of a 15 kilometre long system has provided a JORC Code resource of 1.7 million tonnes grading 1.5% copper and 0.5 grams/tonne gold.

Glencore can earn a 51% stake by spending $US10 M on exploration and, if elected by Zambezi, can earn a further 19% by spending $US10 M or completing a bankable feasibility study. A preliminary feasibility is expected by mid 2008 and Ford said that given positive results a bankable feasibility may be completed by the end of that year.

The target could be to build up to a reserve of between 8-12 Mt at between 1-2% copper and 0.5 g/t gold, however, if there was significant depth and lateral extension then the objective would be to prove up a contained 500,000t of copper metal and 500,000 oz gold.

The 100% owned Kangaluwi block takes in distinctive gold (Moiya and Chakwenga) and distinctive copper projects (including Kangaluwi, Kalulu and Chisawa) and first phase drilling at Kangaluwi has given significant copper intercepts including 21m @ 1.88% and another hole with 3m @ 0.59% followed by 25m @ 1.34% Cu.

The Oryx prospect, in which another AIM-listed company Zambezi Nickel Ltd is earning 51%, takes in an airborne radiometric geophysical anomaly in which hydrothermal uranium has been detected.

Zambezi Resources holds a 35.3% interest in Zambezi Nickel, and Ford said his company would consider at some stage an in specie distribution of the Zambezi Nickel stake (a company likely to change its name to reflect a change in its metal priorities course). However, Zambezi Resources would retain its equity in Oryx and other joint ventured Zambian properties.

Another major project is Chipata near the Malawi border and adjoining blocks that also go into Mozambique.

The company sais two gold camps - Madzimoyo and Cymric - have been demonstrated in the Chipata tenements. Artisanal miners operated in this region until recently and the last full scale mining finished in the 1940s.

Ford said the relationship with Glencore may prove invaluable as it was the big investor in the new Isasmelt plant at Mopani Copper Mines' Mufulira smelter. Another investor in this smelter is another West Perth-based but Canadian listed Zambian copper miner First Quantum.

[hattori_hanzo] 15/6/2007 17:53

G'day IDK & welcome.

[pat_idk] 15/6/2007 17:24

Happy to see this performing well.

Cheers and G'day from a Southern Brother (IPO 45C AUS)!!!

IDK

[jumbo66] 15/6/2007 17:21

you are most welcome its nice when all gose well for us all regards jumbo[hd]

[bramwell] 15/6/2007 16:16

Many thanks to Jumbo for recommending these on the JKX thread early in 2006.Have been adding ever since.
Cheers mate I owe you one.

[ramnik007] 15/6/2007 15:48

Action at long last. Well overdue.

[flashheart] 15/6/2007 15:44

A finish in the thirties would be very acceptable for today.........and onward to the forties next week!

[mad jack mcmad] 15/6/2007 15:40

Mentioned ZRL on the breakout thread.

[5dally] 15/6/2007 15:39

Now I see why,,,,up again,,,,,wanted our shares no doubt

[mad jack mcmad] 15/6/2007 15:38

Cheers, Hattori_Hanzo! Just about to crack open a bottle of Pol Roger white foil!