Zincox Share Discussion Threads

[bismilallah1] 18/12/2015 10:56

Sorry Sig should have told you too hope 412 got my message

[sigora] 18/12/2015 10:55

took a few here

[tidy 2] 18/12/2015 10:53

KRP has been developed with the support of two loans from Korea Zinc:1. Offtake Loan - a long term loan of US$37.7 million bearing interest at 5% over 6 month US$ LIBOR and repayable from 50% of free cashflow with any balance being repayable in 2022.2. Development Loan - a short term loan of US$19.4 million bearing interest at 9.5% and repayable in six equal six monthly instalments starting on 2 February 2016

[113mike] 18/12/2015 10:51

Nothing being anounced today as it says discussions ongoing...should know by the end of the year..couple of weeks to go yet!?

[h2owater] 18/12/2015 10:47

30 November 2015ZincOx Resources plc("ZincOx" or the "Company")Korean Debt ReschedulingFurther to the press release on 25 November 2015 announcing the Company's intention to raise US$6.5 million in working capital and reschedule its loans from Korea Zinc Company Limited ("Korea Zinc"), ZincOx is pleased to announce that it has entered into a rescheduling agreement for the loans. The agreement also provides for the potential release of zinc concentrate to the Company which could be upgraded so as to enhance value and profitability.

[tidy 2] 18/12/2015 10:42

Funding announcement now imminent.

[deltalo] 18/12/2015 10:37

Multi bagger any time here.

[loganair] 17/12/2015 20:25

Zinc prices sunk to the lowest levels in nearly 6-1/2 years on Thursday and other industrial metals also fell as the dollar firmed after the first U.S. rate increase in nearly a decade.

Some analysts expressed surprise that zinc was the biggest loser on the London Metal Exchange as Century, one of the world's biggest zinc mines, was closing.

"Today's dollar strength is having an impact on base metals, but what is definitely surprising me is that zinc prices are under so much pressure when the Century mine is actually closing," said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.

Three month LME zinc was down 2.1 percent to $1,481 a tonne at 1054 GMT, the weakest since July 2009, after ending half a percent firmer on Wednesday.

While supply was tightening in the market for zinc concentrates - semi processed ore - shortages would take time to show up in the refined metal sector due to plentiful inventories, Macquarie analyst Vivienne Lloyd said in a note.

"We see the raw materials shortages translating into severe metal deficits from next year ... and Shanghai premiums should begin to lift to reflect this towards the end of 1Q16."

Zinc has flipped from earlier in the year being a favourite of investors counting on mine closures to create shortages into a disappointment when the tightness failed to materialise.

Zinc, which has tumbled 32 percent his year, saw short positions rise last week to have the biggest speculative short on the LME, broker Marex Spectron said.

[loganair] 16/12/2015 20:46

Price of Zinc still falling with todays spot price of just $1,499 per ton.

[karmastuartra] 16/12/2015 13:35

Multi bagger on the cards.

[karmastuartra] 16/12/2015 13:34

Very confident it will.

[the drewster] 16/12/2015 13:18

What makes you think this can survive?

[karmastuartra] 16/12/2015 12:48

Shareholders comments Most welcome

[karmastuartra] 16/12/2015 12:46

Days from big rise now,just added more in anticipation

[jc840125] 11/12/2015 11:13

Just after some more information on ZOX, made a small gamble based on potential recovery. Is the meeting next Friday to discuss how to move forward transfer 90% or raise the 5 million. Some good insight would be greatly appreciated.

[karmastuartra] 11/12/2015 05:42

Multi bagger on the cards,topping up today.

[paul the octopus] 10/12/2015 14:44

karma, did you watch "gone baby gone" before? here you got another chance, it will just cost u couple of hundred pucks

[karmastuartra] 09/12/2015 16:53

Hopefully a sucessful outcome will be the outcome.

[loganair] 09/12/2015 16:46

Karmastuartra - Reading you many posts, in my good opinion you've had nothing really constructive to say about ZOX, whether it be positive or negative so I have - Filtered - you.

[paul the octopus] 09/12/2015 14:50

agm 18/12 to vote, even if the vote pass they got just 5 days (net) all in all to sort out the funding of £5mil before they lose 90% on 31/12, go figure...

[karmastuartra] 08/12/2015 08:37

All quiet on the zox front

[loganair] 07/12/2015 18:42

Zinc rose for a second day as Nyrstar said it will reduce output at its US operations and warned of further suspensions, aiding prices for the metal that is forecast to fall into deficit in 2016.

Europe’s largest refined-zinc producer will lower annual production by 50 000 metric tons of concentrate, the company said in a statement on Monday. Nyrstar will also cut 9,000 tons of refined metal, it said.

“It’s a chunky number,” John Meyer, an analyst at share price Angel in London, said by phone, referring to Nystar’s decision. “The market was already heading into deficit.”

Zinc is heading for the biggest annual decline since 2008 after tumbling 28% this year on concern there’s too much supply and not enough demand from China, the biggest consumer of raw materials. The reduction in output increases the likelihood of supply deficits, which Societe Generale forecast at 50,000 tons in 2016 in a December 4 research note.

Zinc for delivery in three months rose as much 1.4% after Nyrstar’s announcement.

[karmastuartra] 07/12/2015 12:42

Looking good for el bouncer!

[karmastuartra] 07/12/2015 12:41

Bounce in the market coming imo