Zincox Share Discussion Threads

[bckttsim] 30/11/2015 11:11

1.0005p to buy1.01 to sell Yes !!!

[bckttsim] 30/11/2015 11:08

Better price to sell than to buy CRAZY !!

[bckttsim] 30/11/2015 11:04

Same price to buy as sell.Fill your boots at this level.

[bckttsim] 30/11/2015 08:17

Looks like they have a plan suggesting funding all sorted by Christmas.

[johnyo] 30/11/2015 03:31

A lot of debt here !

[bckttsim] 27/11/2015 14:43

Recovery started looking at the buys

[bckttsim] 27/11/2015 09:23

Going up again zinc price, share price should follow.Well over done here.

[loganair] 27/11/2015 09:21

Spot price for Zinc today $1,601 per ton

1st December $1,647 per ton
3rd December $1,688 per ton

3 month Zinc $1,617 per ton

[colin12345678] 27/11/2015 08:37

buy time i think massively over done now

[bckttsim] 27/11/2015 07:39

Wow......2,000,000 were worth £350k in June Sold for £26k yesterday.

[celeritas] 26/11/2015 15:35

Shocking rns as most expected was coming, so they want money to keep trading at a loss in the hope and I mean hope that zinc does a quick U turn.

[loverat] 26/11/2015 15:11

One mighty fall here. 6.5p yesterday to buying for 1.37p or so today.

Looks like this might be a punt for a recovery. Of course - a placing to come first and at what price, who knows.

In these situations you sort of wonder if they should have just done the placing rather than announce the intention and then crash the share price first. I guess it depends at what price they intend to raise at.

[bckttsim] 26/11/2015 12:08

PlanThey are working on a plan Advanced discussions to reschedule outstanding loans means it has not been checked out and is more than likely to come off.And the price of Zinc is rising now $1578

[loganair] 26/11/2015 09:15

So far this morning still relatively light trading in Zox shares with so far no big or substantial trade gone through, just the odd £1,000 here and there.

[loganair] 26/11/2015 09:09

I am looking at what will the price of the 'Placing' of new shares be at and will the current directors take up their full allotment like they did last time round putting in nearly £200,000 of their own money.

In my good opinion, this time round it will cost the directors around £400,000 to take-up their full entitlement of new shares.

[bckttsim] 26/11/2015 08:42

Drop over cooked.Should now recover some.8p to 2p In a day !!!

[loganair] 26/11/2015 08:35

Zinc futures surge 3.1% on global cues, spot demand as speculators indulged in creating positions and amid short-covering.

Zinc prices strengthened on pick up in demand and a firm trend in the base metals pack at London Metal Exchange, market analysts said.

Zinc spot currently $1,555 per ton.

1st December delivery $1,595 per ton
3rd December delivery $1,637 per ton

Zincox looking for an average of $1,650 per ton through out 2016 which on the face of it seems achievable and shows that management are being realistic when it comes to the price of zinc.

The main problem with Zincox it is really a single commodity company and a very young company still in its start up stage and therefore needs a little luck on its side as in the price of Zinc remaining as high as possible.

[loganair] 25/11/2015 20:54

Over the past couple of years ZOX has had such good write-ups. The difficulties us small private investors have, due to the internet there may be now days a wealth of information, sadly it seems to me most of the information being given out by the Investment bankers is at best false.

How many of the investment banks were saying just 12 months ago that there was going to be a huge deficit of Zinc and that by the end of this year the price of Zinc would be over $2,200 per ton and as for 2016 upwards of $2,500 per ton which was all good for Zox as they had calculated all their finances on just $2,000 per ton. In my good opinion this forward looking prices for Zinc was false information being given out by the likes of Goldmans to steel the private investor hard earned money away from them.

[loganair] 25/11/2015 19:00

Copper and zinc declined amid concerns over Chinese demand after industrial metals posted their biggest increase in more than six weeks.

“Metals are stabilising as some bearish traders close positions and take profits,” Xu Yongqi, an investment manager at the commodity-trading department of Ningbo Yinyi Group Co, said by phone. “The market consensus for a supply glut next year hasn’t changed so we’ll probably see prices falling further in the longer-term.”

The world’s largest money manager said the commodity selloff has room to run. “We’re still unfortunately heading lower,” Russ Koesterich, global chief investment strategist at BlackRock, said in a Bloomberg TV interview. “We’re seeing a slowdown in demand as the global economy slows, particularly commodity-intensive economies like China.”

[loganair] 25/11/2015 17:02

cuts announced by Chinese zinc smelters last week will do little to tighten next year's global supply-demand balance in refined metal because already known mining cutbacks would have forced smelters to reduce production anyway.

On top of that, hard-hit prices will fail to get much of a lasting boost in coming months due to a glut of world inventories, although there may be spikes of short-covering, analysts and investors said.

Zinc is one of a clutch of industrial metals including bellwether copper which have hit multi-year lows this month, weighed down by a surplus of supplies and a fall-off in demand from top customer China.

Benchmark zinc prices found respite on Friday following the announcement of plans by top Chinese zinc smelters to slash 500,000 tonnes of production next year.

But that is a only a small proportion of global consumption estimated at between 13 to 14 million tonnes this year and the uplift was mainly due to panicky bears closing short positions - bets on lower prices - but this soon ran out of steam and prices on Monday came close to last week's six-year low.

Three-month zinc on the London Metal Exchange has shed nearly 28 percent this year and was last at $1,570 a tonne.

Investors seem to be realising that Chinese smelters were just bowing to the inevitable, said Graham Deller, head of zinc research at consultancy CRU.

Due to mine closures and output cutbacks by Glencore , mines will not produce enough supply of concentrate - partially processed ore - to allow global zinc smelters to run at full capacity next year, Deller said.

"The key thing to bear in mind is that especially in the wake of the Glencore mine cutbacks, there wasn't going to be enough concentrate in the market next year," he said.

"The forced smelter under-utilisation was going to be around half a million tonnes in any case, so... it (the Chinese announcement) has absolutely no effect at all (on fundamentals), except it has clarified where the smelter cutbacks are going to be."


INVENTORY GLUT

CRU forecasts that there will be a supply-demand deficit of next year of about 400,000 tonnes of refined zinc, but this would be easily supplied from existing global inventories, estimated at about 1.5 million tonnes.

"Even with cuts of 500,000 tonnes in 2016, there are still considerable zinc inventories to digest and galvanized steel inventories have also been building up in China, so we may not see much of a direct impact," said Xiao Fu, head of commodity market strategy at Bank of China International in London.

The biggest use of zinc is for galvanizing steel.

"There's been a drawdown in zinc inventories from bonded warehouses in Shanghai, but we don't think it's for real consumption," said Fu, who has recently returned from a trip to China.

While stocks should be sufficient to supply industrial demand, there could be volatility if too many bearish investors are forced to close out positions.

"The risk right now is more from a positioning point of view," said Christoph Eibl, chief executive at Tiberius Asset Management in Switzerland.

[rathkum] 25/11/2015 16:29

Last throw of the dice. Kaput

[bam bam rubble] 25/11/2015 16:15

If Zincox is not able to secure sufficient funds (of at least $6.5m) through
the proposed placing or alternative sources of funding then the Company will
transfer 90% of the Korean Recycling Plant to Korea Zinc and will retain 10%

The beginning of the end?

[loganair] 22/11/2015 19:15

Zinc surges after China smelters promise to cut output - Zinc rose the most in more than a month as major smelters in China vowed to curtail output, helping to drain a glut that has driven prices to the lowest in six years.

The 10 Chinese smelters join Glencore, the biggest zinc miner, in reducing production. Zinc advanced on Friday by the most since Glencore said October 9 that it would cut the metal it mines by a third. The smelters in China plan to lower refined output by 500,000 metric tons next year and called for controls on new capacity, according to a joint statement.

"The scale of those cuts is quite significant. A surge of refined output from China has been weighing on the whole zinc market all year," said Caroline Bain, senior commodities economist at Capital Economics in London.

"It should be a long-term support for prices assuming it goes ahead in full," Caroline Bain, a commodities economist at Capital Economics in London, said by telephone. "I would certainly expect to see some more cuts at the mine level."

Zinc for delivery in three months rose as much as 5.9 per cent to $US1620.50 a ton on the London Metal Exchange. The metal, down 28 per cent this year, closed at $US1566 at 5.50pm local time. Prices fell to the lowest close since July 2009 on Wednesday.

More zinc producers face losses as the rout deepens. About 25 per cent of miners of the metal are losing money at current prices, Standard Chartered estimated this week.

Lead, often mined with zinc, climbed as much as 3.2 per cent to $US1637 a ton, the biggest intraday gain since October 9. Tin was little changed on the LME, while copper, aluminum and nickel dropped.

[loganair] 10/11/2015 20:08

Zinc prices tumbled to their lowest in over five years on Tuesday, hit by a strong dollar, worries about oversupply and concern over faltering demand in top metals consumer China.

Stop loss levels were triggered as a wave of selling by funds hit industrial metals, sending copper and nickel to the weakest in over two months, despite recent announcements of output cuts by miners.

Zinc was the hardest hit even though Belgium's Nyrstar, the world's top zinc producer, said on Monday it may cut up to another 400,000 tonnes of zinc concentrate output if prices remain depressed.

Three-month zinc on the London Metal Exchange closed down 2.4 percent at $1,605 a tonne, paring losses after touching a low of $1,576, the weakest since June 2010. Zinc has shed 26 percent so far this year.

"Yesterday's news should have been constructive for zinc, but the market doesn't seem to care about output cuts, they don't think it's enough basically," said analyst Edward Meir at broker INTL FCStone in New York.

"The cuts are too little, too late and the market doesn't trust the permanence of the cuts. Also the cutbacks are being more than offset by questions about slowing demand."