Zeehan Zinc Share Discussion Threads

[roks] 22/4/2009 16:29

Just tried a 100k but no luck, somethings definately up

[monis] 22/4/2009 16:24

now up 41%

[monis] 22/4/2009 16:03

bigger buys now.

[andrbea] 22/4/2009 16:02

With the Chinese (Creat Group) at the helm of zzl and this new owner (Minmetals) of the Avebury mine (close to the Zeehan mine), the Chinese have snapped up the lot in Tasmania (nickel & zinc)...

"Under the deal, Minmetals will buy eight mines, including Avebury nickel mine and the Rosebery zinc mine."



Should help things along (all speaking the same lingo...) ;-)

[andrbea] 22/4/2009 15:56

zzl has done more than 100% in a day in the past
an illiquid beast....

[fairdeal2008] 22/4/2009 15:54

L2 geeting stronger at the moment....

Just gone 2 v 2

Could be another strong move beckoning

imho

[roks] 22/4/2009 15:52

What's going on? Its not the Chinese in a bid to stock pile metals...is it?

[fairdeal2008] 22/4/2009 15:51

Have a look at what has been happening on SUMM too - that really is weird.... Could be an opportunity (but note the risk warning at the top of the thread)...

imho

[monis] 22/4/2009 15:47

up again...

[fairdeal2008] 22/4/2009 15:44

There is an overhang there too and the MMs are paranoid about being exposed (per company website 92% of stock help by top twenty holders)...

[fairdeal2008] 22/4/2009 15:42

Need to narrow the spread a little but they being cautious as it did run up like crazy last time (0.9 to 2.7 in minutes the next day after a decent rise the day before...)

The Creat Group support is vital. They have excellent territory and funding as required...

Great company, loads of potential and seems to be lining up now...

IMHO

Have a look at this one too, and dont worry re spread - can buy well within it).. Think it could have legs and need company:

[gibso6767] 22/4/2009 15:05

iii at a loss a loss as to why as well

[roks] 22/4/2009 14:58

Well, I'm not chartist but it looked like it had set up a launch pad so I topped up earlier.

[monis] 22/4/2009 14:38

What's going on here then?

[numbercruncher2] 22/4/2009 14:05

Well somethings happening, no trades for ages and then 896,000 bought in one day - up she goes again !

[numbercruncher2] 22/4/2009 13:47

Do we know why the sudden interest in buying these today?

I average 1.7p so have a way to go yet !

[roks] 22/4/2009 12:10

Just got me self a small top up, I got a feeling this is set to go.

[fairdeal2008] 22/4/2009 10:55

I think the story playing out is fascinating.

I suspect it could be about to move up strongly as in January...

imho

[monis] 22/4/2009 10:53

What are you expecting short term?

[fairdeal2008] 22/4/2009 10:50

Bought a few more today 250k at 1.13

[monis] 06/4/2009 16:06

A few buys today - what's happening?

[andrbea] 06/4/2009 15:40

this article (below) is not linked to zzl (unless through old stakeholder in zzl Cyber - see above)

of Tasmanian and general interest, however

(Malcolm Bendall says 10 billion barrels of oil at stake)

Long article


here's the last half:



Church links

GSLM is a wholly owned subsidiary of the American exploration company Empire Energy which has links to evangelical churches. The partnership first developed after Malcolm Bendall's apparent vision from God. Clive Burnett says very little church money goes into the company and Mr Bendall has a professional approach. "Whenever I talk to him, he knows better than to start talking about religion. He only talks to me about geophysics, geology, geochemistry and science," Mr Burnett said.

Despite seemingly endless delays and requests for more money, many shareholders seem optimistic. Eddie Fisher bought shares five years ago and bought some more recently. "We're getting so close now, I really believe we're about to get it." Noel Young agrees. "You've got to take the gamble and there's no point investing in it if you're not confident they'll find it, and I think they will."

Len Swan was GSLM's Operations Officer until two months ago and is less positive. Mr Swan worked for the company for two years and says he was sacked after what he calls 'disagreements'. "The company hasn't gone forward at all. Malcolm Bendall's been living in other countries around the world," he said

Malcolm Bendall is outraged at the claims. "The story's a lie. Last year, I had 58 international flights and I was 24 hours in the air which means I was perpetually jetlagged. I spent all of ten days in Monaco last year, I hardly call that a high life." Mr Bendall told Stateline he is staying at a Holiday Inn in London and has mortgaged his house to raise money.

Mr Burrett defends his boss. "Malcolm has put his own money into the company and has taken very little from it. I think any allegations that he's been living high on the hog are ridiculous."

Investor Eddie Fisher was also eager to support Mr Bendall, saying "I believe he's put millions of dollars into this. That's what I've just been told."

Len Swan claims GSLM owes millions of dollars and hasn't paid superannuation since the middle of last year but Clive Burrett insists everyone has received their entitlements, and the workforce is growing. "We do owe some money and we are working very hard. We've paid most of our creditors at least some. We've paid our drillers $4 million and we will be fulfilling our obligations."

The company needs quick progress to secure a full mining licence in six months time or disappear from Tasmania. Mr Bendall is confident of obtaining the new licence. "Having doubled what we committed to do, we would expect to have a favourable response from the Tasmanian government in applying for those areas."


Parliamentary questions

Concern over the company's existing licence has flared in State Parliament with the Tasmanian Greens producing an undated draft ministerial briefing note.

On March 5, Greens MP Kim Booth asked "Minister, can you confirm that since January 2003 the Government has had serious concerns regarding Great South Land Minerals limited's ability to comply with its exploration licence?" Resources Minister David Llewellyn replied "Mr Speaker, look I think that's an outrageous thing to have done under parliamentary privilege in this chamber."

The note shows the former Resources Minister Paul Lennon was advised the company was not meeting its expenditure commitments in searching for oil. Mr Booth has told Stateline "apparently Mr Lennon was so concerned, he was going to knock them off."

In a statement, Mr Llewellyn has confirmed there were concerns about non-compliance but says "revocation of the licence has previously been considered as an option but further discussions and negotiation with the company on its work plan have avoided the need to proceed down this path."

Malcolm Bendall says the department was mistaken. "In fact, what had happened is that our expenditure hadn't been properly recognised and our reports were sort of mislaid within the department. So it was based on misinformation."

Mr Llewellyn's statement also says a lack of companies wanting to search for oil has given GSLM some leeway. "In the spirit of the special exploration licence category, which is to facilitate 'frontier' exploration activities, the government has sought to be flexible and accommodating where it is appropriate and reasonable to do so," Mr Llewellyn said.

The Greens are still concerned. "I'm very concerned that were it to be extended, by some contrivance of the government, that they would have to be absolutely satisfied that mum and dad investors haven't put money into a company because of the fact that the government appears to be underwriting them," Mr Booth said.

Malcolm Bendall says 10 billion barrels of oil at stake and others are trying to get in on the action and sabotage his company. "I've had my house broken into. I've had death threats. You know, there's a dirty, very dirty game that's been played with this project and you know, at the end of the day, those cowards will be shamed."

"I intend to use my right-of-reply in parliament to expose those people and also expose the litany of lies and misinformation that's surrounded this project," Mr Bendall said.

For now, the company is exuding optimism but Clive Burrett admits time is running out. If GSLM finds nothing worthwhile in its first two drilling missions, Mr Burrett says, it is likely to spell the end for the company and it's enduring shareholders.