Zeehan Zinc Share Discussion Threads

[8trader] 13/2/2009 10:34

I suspect it's a cross trade (X trade), where a new buyer has approached
a holder and they have agreed to swap the stock at the mid price, for the
seller you dont get many chances to get such a large % out at a fair price
and vice versa, the buyer would have trouble getting more than a few million
on the open market without moving the price sharply, if so then both parties
happy with the deal.

There has been a lot of 1 million block trades recently, the volume suggest
somebody is buying large amounts, dyor because i could be wrong but these
trades dont lie do they.

[monis] 13/2/2009 10:31

What sort of trade is that 8 trader?

[8trader] 13/2/2009 10:30

More like 7%, that's a pretty big block changing hands i'd guess.

[8trader] 13/2/2009 10:28

Maybe not now..10 mil trade, i'd guess a cross trade because they
no longer show the codes !..is that 5% changing hands ?

Cana has the hoover on taking all the small sales so it could get
more interest after that trade.

[jonnyred] 13/2/2009 10:27

Check out the huge 10 million trade at 1.5p - wonder if that's the Chinese buying some more..

[parvez] 13/2/2009 08:34

very quiet here today?

[monis] 12/2/2009 14:52

Creat won't disapoint imo.

[8trader] 12/2/2009 14:48

Well Canacord are making a nice turn currently buying back stock
at 1.49p having sold 500k at 1.6p.

Still 1.49p bid for 250k online v 1.6p full offer for 50k, profit
takers might have jumped the gun too early but each to their own.

[parvez] 12/2/2009 14:46

ZZL and and RDG lovely what's happening here...

[8trader] 12/2/2009 11:52

Libc switch, 2 v 2 on L2.

[linslader] 12/2/2009 11:29

You're right andrbea, the zinc is very misleading in the company name now.

[8trader] 12/2/2009 11:10

You dont miss a excuse to ramp up MMS everywhere SW :-))

[andrbea] 12/2/2009 11:07

zzl would do well to change their name to zeehan nickel...

[still waiting] 12/2/2009 11:06

Zinc related stocks doing well today, MMS starting to move again as well.

[andrbea] 12/2/2009 10:52

Tks for the research
Very good it is too

zzl is essentially 100% Creat as it stands (eg CEO comes from Creat). Don't think the old zzl management have much to say about future strategy.

and Creat has a big 'purse':

The share capital and reserves of Creat Group are approximately USD 800 million
and net profits last year were nearly USD 100 million. Creat Group has interests
in agriculture, biotechnology, Electrical Switchgear manufacture and minority
interests in banking and property development.

[jonnyred] 12/2/2009 10:29

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

[8trader] 12/2/2009 10:26

:-))

It's fun watching the mm's try and shake and manipulate the
price down again, 2 of them have dropped on tiny sales yet
there's a 500k delayed buy at 1.6p that Cana must have took
as the time they jumped to 1.35p bid is identical so they
are desperate for stock hence the L2 drops.

L2 is 1 v 3, next bid is 1.2p, 1.43p bid 250k v 1.6p offer 100k.

[monis] 12/2/2009 10:19

How much would a closed down Avebury cost in this climate?

[andrbea] 12/2/2009 10:16

no, not to my knowledge


they tried to buy a Canadian miner on tsx once
but had their bid rejected (June 2008)

[monis] 12/2/2009 10:05

andrb- have creat made an offer for Avebury before?

[8trader] 12/2/2009 09:36

1.35-1.6p, L2 is 3 v 1, next offer is 1.75p

1.45p bid for 250k v 1.6p offer for 25k.

Business as normal then, squeeze still on, not much stock about.

[monis] 12/2/2009 09:24

I'm too good to be just buying shares.

[andrbea] 12/2/2009 09:21

Exactly

hey Monis, we should become non-exec directors at Creat.. :-)