Zincox Share Discussion Threads

[cyfran101] 28/1/2014 00:33

Paper stronger than steel section?

[blue59] 27/1/2014 19:25

Did anyone else get a cold chill down the spine whilst watching The One Show this evening (the presenters' banality aside)?

[boonkoh] 27/1/2014 11:03

Volumes still going strong this morning, and it keeps rising. There's clearly demand somewhere. Would be interesting to see if it breaks above 25p permanently and settles or whether it goes a bit more before settling.

[blue59] 27/1/2014 09:42

Your wish is my command!

[janekane] 27/1/2014 08:09

We need buyers to maintain the rise

[jakes114] 24/1/2014 19:10

Great finish to the day, zinc prices expected to be buoyant for the next year or longer as big mines close. Looks like a win win situation developing and yes a 5 bagger in the making.
Matches my holding in Oilex OEX another win win at least a 5 bagger this year,
once they re-enter the oil and gas discovery in India and that's without their holding in West Australia
DYOR

[gerri-c] 24/1/2014 14:49

Interesting. Bid/Offer both 22.5p! (1-v-2)

[blue59] 24/1/2014 13:21

It deserves to be!

[janekane] 24/1/2014 12:57

Looks good

[janekane] 24/1/2014 12:57

Is this the next 5 bagger

[jakes114] 24/1/2014 09:37

Don't you just love this chart and it will keep going as the zinc comes out of the now improved process

[blue59] 23/1/2014 08:33

Go The Bullet, few are more deserving of success on AIM! Now, about that green pingpong ball.........?

[drewz] 22/1/2014 14:34

ZOX flying again.... and no-one is interested.

If they have got the wrinkles ironed out and can replicate this process in several more locations, and you combine with the significant uplift in the zinc price due to mine closures over the next 5 years, ZOX could be a real money spinner with genuine 10-bagger potential.

[cricklewood] 20/1/2014 08:31

Whats the story ?

[hazel11] 20/1/2014 06:58

Nice article

[rathkum] 19/1/2014 22:24

From a recent interview

[hazel11] 19/1/2014 14:10

No problem just hope it all goes to plan for all of us!

[etarip] 19/1/2014 13:32

hazel11:

Many thanks for sharing that with us.

Let's hope it all goes well.

[hazel11] 19/1/2014 12:35

Well nothings guaranteed but on the grapevine things are going in the right direction and supposedly that's from a lad who works there 5 month till full product specification and 6 for full production and a good chance of licencing the process as stated on an earlier post. I can't see this going down in value now imho dyor though.

[etarip] 18/1/2014 14:00

smarm:

What I did not mention I also sold at 280p and if I take that into consideration my present average cost is 28p. My last buy was under 18p.

They have said their teething problems are behind them many times now. To me a re-rating will be genuine when they have had three months of net profitable operations. If that happens I expect them to be back up to 80p shortly afterwards with more to come when they get other location up and running. They do not have to do it themselves they could perhaps license the process to others.

Don't get me wrong, I am delighted to see the price rise now or at any time.

[smarm] 18/1/2014 13:44

etarip - I have followed ZOX for about the same time but unlike you I haven't held throughout (my rules don't allow for big losses).

The project was always speculative, indeed it always sounded a bit of a nonsense to me so all credit to them for getting it up and running.

Teething problems have indeed been endless but my point was simply that given they said that recent problems were behind them, a re-rate was pretty obvious (to me) and my 25% gain is perhaps proof that I got that right.

S

[etarip] 18/1/2014 12:57

smarm:

Revenues for first 6 months of this year were $13,935K with a net loss of $17,640K.

Production Update 9 January 2014:

"As a result of these repairs, production was limited during November and December 2013 with the production and sale of 2,289 and 1,145 tonnes of zinc in concentrate respectively in that period bringing the full year's production to 24,577 tonnes, resulting in revenues in Korea for the year in excess of US$26 million."

That looks like a loss for the full year of around $35,000K. The market cap is now just over $40,000K.

I have held from May 2008 and have averaged down from 197p per share to 42p per share so I have a strong reason for hoping of a turn round but I would not describe it as "entirely predictable" based on previous history.

The update in January said December was not a good month. We are only half way through January. In March they are going to have more stoppages for maintenance. Never-the-less I believe they will eventually succeed and makes lots of money.

[rathkum] 17/1/2014 23:57

Who knows? Perhaps there is corporate action going on behind the scenes and someone/s has got whiff of the news.Intrigued by the volume though.

[smarm] 17/1/2014 17:52

What is there to find out?

They put out a statement saying that despite all the outages they had made in excess of ~£16m in revenue last year...which was more or less the market cap at the time.

If there are no further outages and they can indeed ramp up to full production (whatever that is) and the Zinc price stays up (so far so good) then clearly this re-rating was entirely predicable.

S