Zincox Share Discussion Threads

[etarip] 29/8/2014 11:01

cashpo1nt:
I searched your name to see where else you posted. On GWP I sold 1/7 at 155p
2/7 at 143p and 1/7 at 284p. Still holding 3/7. First bought in 2002. Average, ignoring what I sold is about 48p. Yes, patience is needed!

[cashpo1nt] 28/8/2014 23:40

etarip, I had built a big (for me) holding in GWP in anticipation of success this year with the Cancer pain trials. I still can't believe what has happened. Sadly ,(but netting just under £10K profit) I sold 1/3 at £1, the rest at £1.63.;I thought they would fall back quickly - as they did at first - down to about £1.40. Suddenly the wild hopes we had in the early days of GWP are being taken seriously in t he US - but the Co is still making no real money.I gather you are still holding - well done you! Did you gather I had been interested in GWP from my comment on the IQE board? I'm heavily into them having passed up a few opportunities to get out at a profit.I'm not a very clever investor but I am patient. I certainly need to be!

[etarip] 28/8/2014 11:50

Cashpo1nt:

If I deduct the profit from the sold shares my present holding
averages 28.7p. That is pretty close to your figure. However, I
always ignore past profits and losses on my current holdings.

Are you still interested in GWP? It is making up for all my other
misadventures.

[cashpo1nt] 28/8/2014 10:59

Etarip, Very similar . I've never managed a profit but with 5000
rights @10p I'm just ahead of you at 32.90. A long way to go!

[etarip] 28/8/2014 09:29

Cashpoint:

I sold some at a profit but still have an overall loss. I too have
averaged down so my holding now costs an average of 40p.

[cashpo1nt] 28/8/2014 08:54

Etarip, That makes me a new boy (Feb 2006!). Been averaging down
ever since.Still a long way to get my money back.

[etarip] 28/8/2014 08:48

Cashpo1nt:

They mentioned May and June output in the last update. I would
expect the next update would report on July and August. So if I am
right maybe we get the next update say 1 to 2 weeks into September.
If they are waiting for three months to report on then it is
October.

I agree "Key issue no.1 for me is getting the technology to work
sustainably" is absolutely correct.

My first purchase was in 2005. So have been waiting a long time for
this to come right.

[cashpo1nt] 28/8/2014 08:06

When shall we get the "further regular updates" promised(30/6/14).
I don't feel confident that no update means all is going to plan.
Key issue no.1 for me is getting the technology to work
sustainably. Evidence of success in that direction coupled with the
better Zinc price would be very heartening.

[billbyrne] 25/8/2014 11:40

Steady increase in the price of Zinc.

Mining: Zinc was up 3.8% to $2,357/t this week following US Government data on Tuesday that showed that a jump in house building that could accelerate demand for zinc, used in a number of household products. The LME stockpile of zinc has continued to decline and is now at its lowest levels since early 2011 (750,000t) and all signs point to small deficit (100,000-200,000t) in the market balance this year.

[grahamburn] 16/7/2014 15:30

The key issues for Zincox (apart of course from ramping up and maintaining production at or above the target rate) are the two large debt repayments scheduled for February and July 2015. The first one is perhaps more critical as it is much larger and effectively with a third party; the second being with people closely involved with the company should be less of a problem to re-schedule/re-finance if the hoped-for additional revenue doesn't resolve it.

[rapier686] 16/7/2014 15:13

In February, I disagreed with you John.

Now with cash raised, market capitalisation down, and Zn up 10% I've bought a decent chunk. Even so, I think they're pretty precarious with very little cash and the August shutdown coming up. The higher Zn price is certainly a godsend to muddling through without another cash call. +10% revenue straight off - how long would it have taken to gradually ease throughput up by 10%?

But the upside if they finally manage to run reliably at capacity and Zn runs further and they line up other plants is phenomenal. Even one of those will be a good outcome from here.

[johnrowlands46] 16/7/2014 14:36

If production consistently hits 4000 tons of zinc a month and zinc holds at $2300 a ton that's $300 more per ton than last year. In my books that's $1.2 million a month excess to clear some debt. If you read my previous posts this could be the start of a breakout for zinc as the price needs to go up to encourage new mines to open. As soon as they can prove the reliability of the technology, backers will loan the money to open a selection of the new plants in the USA, Turkey, Russia or a second plant in Korea. With that the market will quickly be reevaluating the shares on forward earnings multiples. There's risk but now the zinc price is on the up it's being de-risked every time the global stock levels of zinc get depleted a little more.

[chrisdgb] 16/7/2014 11:52

With all that debt..??

[hazel11] 16/7/2014 11:19

Looking good

[billbyrne] 15/7/2014 21:17

boonkoh

the last news we have had on production was a record month in May and they expected a new record in June. Have I missed something?

From the agm update,

Following the record production month in May, production in June has fallen as a result of a short suspension of operation to carry out debottlenecking modifications that required a cooling of the furnace. The underlying performance of the plant continued to improve and, ignoring this suspension, production in July, assuming no major work, is expected to set a new record.

Also from the RNS 07/07/14

Andrew Woollett, Chief Executive Officer, said: "As we complete the ramp-up to full production at the Korean Recycling Plant,

[boonkoh] 15/7/2014 18:44

A pity they're not running at full steam atm to capitalise on rising prices....

[boonkoh] 14/7/2014 18:32

Can bullish zinc price sentiment propel this even higher?

[loganair] 04/6/2014 10:29

Zinc prices: we are disappointed that zinc prices have failed to perform. Prices seem stuck at around the $2,000/t level and in our view does not yet reflect the potential for a deficit to develop in the metal over the next few years. We forecast that zinc prices should rise to $2,200/t for 2015 and we believe there is significant potential for zinc prices to rise much further if the Chinese take action to curb production from polluting lead zinc mines in China.

Conclusion: We see these as challenging time for management at ZincOx but believe the production process and value of the offtake is sufficient to continue to attract industry attention.

[loganair] 03/6/2014 12:07

"The market predictions for zinc price are upward in the second half of 2014 and, as such, the directors have assumed a conservative price assumption of US$2,000 per tonne in all projections."

"The directors have also considered the requirement to repay the Korea Zinc development loan of US$15 million in February 2015 and are pursuing options for the refinance of this debt if available cash generated from KRP is insufficient. The options include, a rescheduling of the current due date, traditional debt through both a traditional bank or the bond market and monetising a proportion of future zinc production in exchange for upfront payments. The exact amount of any shortfall will depend on the zinc price and the ramp up progress in the run up to the repayment date."

[adam] 03/6/2014 10:56

There is also a further loan of £4.2m due in July 2015

[giant steps] 03/6/2014 07:07

RNS 3rd June 2014 - ZOX Finals



"The Korea Zinc development debt of US$15 million will fall due in February 2015.
Based on the current management projections for throughput at KRP and zinc price
of US$2,000 per tonne, insufficient cash will be generated to repay the loan and
the directors are pursuing options to make up the shortfall or refinance the debt
as is appropriate."

[billbyrne] 02/6/2014 22:21

Should get an update along with results in the morning. Hopefully
everything is now going to plan.

[cashpo1nt] 31/5/2014 23:00

...and we have no more teething troubles with the technology. A reassuring production update would be very ...reassuring!