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Zincox Resources. (ZOX)     

aldwickk - 15 Sep 2005 18:14

aldwickk - 07 Oct 2005 15:17 - 13 of 100

ZincOx Resources PLC
07 October 2005


ZincOx Resources plc ('the Company')

The Company was informed on 5 October 2005 that Hoegh Capital Partners
Investments Limited ('HCPI') and Limpopo Investments Limited ('LIL') no longer
hold a notifiable interest in the issued share capital of the company, after
HCPI redistributed its shares in the Company to its shareholders/LIL accounts.
The shares, which are held in the name of J P Morgan (Suisse) SA UK custodian,
have not changed in number, and the holdings are now as follows:


Legal Entity Holding Percentage Held

HCPI 0 0
LIL 773,637 2.67%
Argon Investments Limited 441,438 1.52%
Pomor Holdings Limited 441,438 1.52%
Goran Enterprises Limited 441,438 1.52%




This information is provided by RNS
The company news service from the London Stock Exchange



TheFrenchConnection - 07 Oct 2005 19:18 - 14 of 100

Amities . / Slt Aldo. What with zinc like both nickel and copper and a vast host of base metals reaching prices akin to the "bull run" of before i was trading ; and with sentiment now still very bullish on these commodoties i took an opening gambit at 117p and @ 137 .Very very early days; but from a technical analytical point of view the chart yelled from the page it was a " STRONG BUY" at 135p . Zinc supply has sank to its nadir while demand has reached an unsustainable level .Only new zinc deposits being brought on stream will rectify this situation . And ZOX has looked an ideal candidate these past few months; and in doing so has attracted some impressive investors including a number of both institutions and hi value clients alike . . Armed with in excess of 5 million is not an unacceptable position for a mining outfit either ...... Perhaps there maybe a catalogue of more dynamic mining stock to be had; but i feel this is a steady ship captained by a patient proven , robust and aggresive board . ......l prefer CSM and a few other similar mining outfits which have broader agendas.But i have no doubt the market for zinc will remain strong in the forseeable future; and like all soon to be new producers of zinc which is extremely hard to recycle ZOX will share in that growth ........@+ J .

aldwickk - 11 Oct 2005 07:46 - 15 of 100

NUMIS upbeat on miners, with a upgrade from add to buy for ZOX [ ZincOx Resouces ]

In a note on UK mining the broker has upgraded its rating for Antofagasta to buy from hold, raising target price to 18.15 from 16.14, raising estimates, upgraded its rating for Rio Tinto to buy from add, raising target price to 27.58 from 23.26, raising estimates, upgrades its rating for Xstrata to buy from add, raising target price to 17.69 from 15.80, upgrades its rating for Peter Hambro Mining to buy from add, raising target price to 052p from 876p, raising estimates, upgrades its rating for ZincOx Resources to buy from add, downgraded its rating for Albidon to add from buy, downgrades its rating for Jubilee Platinum to hold from add, downgrades its rating for Highland Gold to sell from reduce, raising target price to 156p from 154p and cuts its price target for BHP Billiton to 941p from 954p, raising estimates.

aldwickk - 11 Oct 2005 07:48 - 16 of 100

aldwickk - 11 Oct 2005 14:23 - 17 of 100

ZOX up 8p at 153 bid 160 offer, thats up 5.39% today.

Sharesure - 11 Oct 2005 14:57 - 18 of 100

Anyone any views on how the prospects for ZOX differ from GFM? ZOX' sp just seems to be having the better run.

aldwickk - 11 Oct 2005 17:53 - 19 of 100

Sharesure,

ZOX is a good long term bet with a low risk grade of about 187, have you read post 14 to 18 from The French connection? apart from them both gaining from a high Zinc price you can't compare them.

aldwickk - 12 Oct 2005 16:23 - 20 of 100

ZOX as done alright these last few days 4p up on the bid today, 157 to 162.

aldwickk - 14 Oct 2005 10:57 - 21 of 100

ZincOx Resources PLC
14 October 2005

ZincOx Resources plc ('the Company')



The Company was notified on 13 October 2005 that INVESCO English and
International Trust plc is the beneficial owner of 1,421,300 Ordinary Shares of
25p each in the Company, registered in the name of Chase Nominees Limited,
representing approximately 4.9% of the issued ordinary share capital of the
Company.


This information is provided by RNS
The company news service from the London Stock Exchange


aldwickk - 14 Oct 2005 11:29 - 22 of 100

Zinc prices rise Rs 1,150 in less than two months

Dilip Kumar Jha / Mumbai October 13, 2005



Zinc slabs price has jumped dramatically by Rs 1,150 to Rs 9,050 per quintal in Mumbai non-ferrous metals market in the last one-and-a-half month on rising demand from the steel galvanising industry.

Galvanised steel is a major component of infrastructure projects such as buildings, bridges, airports and stadiums. Approximately 67 per cent of zinc produced globally is used for steel galvanising. The devastation caused by Hurricane Katrina also added to the surge in zinc price as 50 per cent of global zinc deposits lies in warehouses in New Orleans.

Spot zinc on LME perked up $125 to $1,484 per tonne on October 11 following a supply crunch. LME registered warehouses in New Orleans are holding 2,48,575 metric tonne (mt) of zinc, of which 2,01,375 mt is open tonnage.

The supply of the metal was suspended since good delivery became impossible because of the hurricane. The price movement in the international market and the domestic market is in sync.

An increasing concern in the market is the strike at Belgian metals company Umicore SAs 2,50,000 mt Balen zinc smelter plant. The strike began last Thursday. Analysts believe the prices would increase further, if the company management does not resolve the issues immediately.

Usually the rising prices take a toll on treatment charges fee paid to miners to refine concentrate into zinc metal which is expected to dip to double-digit figure this year due to a persistent concentrate shortage.

In 2005, the benchmark treatment charges fell to a record low of around $126 a mt. In the next year, annual contracts might conclude as low at $95-$110 per mt.

Apart from steel galvanising, zinc is primarily used by the toys industry, which consumes approximately 16 per cent of the world zinc production.

India being one of the largest toys producer and consumer, domestic demand for zinc is expected to grow significantly. Hindustan Zinc is the largest zinc producer in the country with an overall production of 5.75 lakh tonne. Binani Zinc comes at the second slot with a capacity of 33,000 tonne.

The price of zinc slabs is expected to grow further in the domestic market as the production here has failed to meet the rising demand from consumer industries. The demand, which stood at 3.5 lakh tonne in 2003-04, stood at 4 lakh tonne in 2004-05.

The demand is expected to grow 12-15 per cent in the next five years.



Zinc prices rise Rs 1,150 in less than two months

Dilip Kumar Jha / Mumbai October 13, 2005



Zinc slabs price has jumped dramatically by Rs 1,150 to Rs 9,050 per quintal in Mumbai non-ferrous metals market in the last one-and-a-half month on rising demand from the steel galvanising industry.

Galvanised steel is a major component of infrastructure projects such as buildings, bridges, airports and stadiums. Approximately 67 per cent of zinc produced globally is used for steel galvanising. The devastation caused by Hurricane Katrina also added to the surge in zinc price as 50 per cent of global zinc deposits lies in warehouses in New Orleans.

Spot zinc on LME perked up $125 to $1,484 per tonne on October 11 following a supply crunch. LME registered warehouses in New Orleans are holding 2,48,575 metric tonne (mt) of zinc, of which 2,01,375 mt is open tonnage.

The supply of the metal was suspended since good delivery became impossible because of the hurricane. The price movement in the international market and the domestic market is in sync.

An increasing concern in the market is the strike at Belgian metals company Umicore SAs 2,50,000 mt Balen zinc smelter plant. The strike began last Thursday. Analysts believe the prices would increase further, if the company management does not resolve the issues immediately.

Usually the rising prices take a toll on treatment charges fee paid to miners to refine concentrate into zinc metal which is expected to dip to double-digit figure this year due to a persistent concentrate shortage.

In 2005, the benchmark treatment charges fell to a record low of around $126 a mt. In the next year, annual contracts might conclude as low at $95-$110 per mt.

Apart from steel galvanising, zinc is primarily used by the toys industry, which consumes approximately 16 per cent of the world zinc production.

India being one of the largest toys producer and consumer, domestic demand for zinc is expected to grow significantly. Hindustan Zinc is the largest zinc producer in the country with an overall production of 5.75 lakh tonne. Binani Zinc comes at the second slot with a capacity of 33,000 tonne.

The price of zinc slabs is expected to grow further in the domestic market as the production here has failed to meet the rising demand from consumer industries. The demand, which stood at 3.5 lakh tonne in 2003-04, stood at 4 lakh tonne in 2004-05.

The demand is expected to grow 12-15 per cent in the next five years.













aldwickk - 20 Oct 2005 08:03 - 23 of 100

Zinc pauses for a breather


Metals Insider - 17 October 2005



MI WEEK IN REVIEW: Zinc took something of a time-out last week after hitting the next big number target of $1,500, basis three-month metal. But the funds continue to like this one and with upside momentum on copper in particular stalling for now, there's a renewed sense the good times are rolling again for the zinc market.



Three-month metal initially built on its momentum of the previous week to touch the $1,500 level on both Tuesday and early Wednesday before the urge to take some profits outweighed fresh commitments from the investment community.



That's hardly surprising since the CTA systematic community alone had lifted its collective long exposure to zinc to 80% and above in the first day or so of last week.



But the pull-backs were generally shallow with plenty of players ready to commit to the uptrend at slightly lower numbers and the relatively weak Friday close of $1,475 still amounted to only a $3 week-on-week decline.



One feature worth noting, though, was the expansion of the contango across the nearby structure of the LME market. The benchmark cash-3s spread ended the week valued at $18.75 contango, compared with $8 the previous week.



That reflected rising expectations that the good delivery suspension of all that metal in New Orleans may be lifted in the near future. The LME finally detailed the process for reinstating the metal and one optimistic player even cancelled 75t on Thursday at the hurricane-hit city.



The contango says there is still a lot of metal in the LME system to be worked off before stocks fall anywhere near to the pinch-points experienced by copper and nickel earlier this year but zinc is back in favour with the fundsmore than any other LME-traded metal right nowand all the fundamental signals are sending them a green light.



aldwickk - 26 Oct 2005 13:58 - 24 of 100

ZincOx Resources PLC
26 October 2005


ZincOx Resources plc signs zinc mine
Exploitation Contract with the Government of Yemen

26 October 2005

ZincOx Resources plc (ticker: ZOX) is pleased to announce that its 60%
subsidiary company, Jabal Salab, has signed an Exploitation Contract with the
Geological Survey and Mineral Resources Board (GSMRB) representing the
Government of Yemen, to mine and process zinc at the Jabali deposit. The Jabali
zinc oxide deposit is located 110km north east of Sana'a, the capital of Yemen,
and contains a resource, calculated in accordance with the JORC code of 12.6
million tonnes of ore at a grade of 8.9% zinc, 1.2% lead and 68grams/tonne
silver.

Andrew Woollett, Managing Director of ZincOx, commented: 'The Jabali deposit was
discovered in the early 1980s but it has not been developed until now because of
the complex mineralogy. Once again it is the metallurgical expertise at ZincOx
which will allow us to realise the potential of this attractive resource for the
benefit of our shareholders, our partners and the people of Yemen.'

The Exploitation Contract is subject to the approval of the Cabinet and
Parliament, which is expected during the first quarter of 2006. It will then be
ratified by the President of Yemen and incorporated in law. It sets out the
terms under which Jabal Salab can mine and process zinc from the deposit. These
include a 20 year lease, a 1.5% net smelter return Royalty, a tax holiday of six
years and repayment of past costs incurred by the GSMRB of US$5million
commencing in the fourth year. The terms do not differ materially from those
assumed in the Feasibility study completed earlier this year (see Press Release
dated 15 March 2005).

The Feasibility Study, which was completed by ZincOx and MDM, a firm of mineral
engineers from South Africa, was based on the mining and processing of 800,000
tonnes per annum of ore at a mined grade of 9.2% zinc over a life of 11 years.
There is potential to increase the ore resource as the deposit is open on two
sides.

Mining will be by means of an open pit with a waste to ore strip ratio of 2 to
1. The ore will be treated by the LTC process developed by ZincOx and its
consultants and piloted, using Jabali ore, at an independent laboratory in
Belgium. The plant is expected to recover 77% of the zinc for the production of
approximately 70,000 tonnes per annum of high quality zinc oxide, containing
more than 99% zinc oxide. The quality of the final product will allow Jabal
Salab to sell direct to end users of zinc oxide, thereby benefiting from a
premium price.

The capital cost of developing the mine, processing plant, infrastructure and
associated facilities is estimated at US$75.4million.

Scott Wilson Mining, a UK based firm of mineral consultants has prepared an
environmental impact study in accordance with guidelines set down by the World
Bank. The report has already been approved by the Yemen Environment Protection
Authority, thereby satisfying all environmental permitting requirements.

ZincOx has been approached by various banks with the aim of providing project
finance for the development of Jabali. Export credit agency political and
commercial risk cover is available for Yemen which will greatly assist the
arrangement of finance.

The progress now made with the Exploitation Contract will allow ZincOx to press
ahead with its plans for project finance which is the next phase of the
project's development. It is expected that financing will be in place during the
third quarter of 2006, with construction, which will take 18 months, starting
shortly thereafter.

For further information, please contact:

For more information please contact:

Peter Wynter Bee Leesa Peters / Pam Spooner
ZincOx Resources plc Conduit PR
Tel: +44 (0) 1276 455700 Tel: +44 (0) 20 7618 8533

pwynterbee@zincox.com

leesa@conduitpr.com


gallick - 26 Oct 2005 23:42 - 25 of 100

Good to see that recent 10% fall (for no apparent reason other than the markets looked a bit dodgy) partially reversed. The market cap is so low I can't see much downside.

rgrds
gk

aldwickk - 27 Oct 2005 06:50 - 26 of 100

ZincOx Resources PLC British bulls 26/10/05
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 17.10.2005 (10) days ago, when the stock price was 159.5000. Since then ZOX has fallen -3.76% .

Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.

Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.

aldwickk - 03 Nov 2005 07:55 - 27 of 100

Lead and zinc seen in deficit through 2006 - ILZSG
LONDON: The deficit in the zinc market is expected to grow in 2006 to 430,000 tonnes as global usage rises to 11.12 million tonnes and China continues to be a major consumer, the International Lead and Study Group said in a statement.

Global demand for refined zinc metal, used mainly in galvanising steel for protecting against corrosion, will remain at around 10.5 million tonnes in 2005 but will increase by 5.7 percent next year due to the rapid rise in China's galvanised steel consumption, the group said in a statement after its October session in London.

ILZSG's report said zinc demand was set to grow by 9 percent in China, 9.2 percent in India and 6.4 percent in the Republic of Korea in 2005, offsetting declines in Europe and the United States.

Chinese imports of refined zinc metal exceeded exports for the first time since 1988 and the study group said it expected this trend to continue in 2005 and 2006.

Global zinc mine supply will rise by 3.6 percent in 2005 by a further 4.2 percent in 2006 to reach 10.47 million tonnes.

''The rises are largely due to recent expansions and mine openings in Australia, China and India,'' it said.

London Metal Exchange (LME) zinc futures for delivery in three months touched an 8-1/4-year high on Monday of $1,566 a tonne as speculative investors bought the metal anticipating stronger prices next year.

Zinc hit a cyclical low of $742 in August 2002. On Tuesday it was trading at $1,521 a tonne.

LEAD ILZSG said rises in battery production were the main driver behind a forecast increase in Chinese lead demand of 19.8 percent in 2005 and 8.7 percent in 2006.

Global lead demand was seen 3.9 percent higher at 7.45 million tonnes in 2005 and 3 percent up at 7.66 million in 2006.

European demand was expected fall, while in the U.S. it would rise.

Refined lead production in 2005 was seen at 7.37 million tonnes, 7.6 percent up from the previous year.

''This will be mainly due to increases in China, India and the Republic of Korea and a 6.6 percent rise in Europe, where increases in Belgium, Bulgaria and the United Kingdom are expected to exceed reductions in France and Germany.'' In 2006 refined lead output was predicted to be 7.62 million tonnes.

The report said that by the end of 2006 it was likely that all of the lead held in the United States Defense National Stockpile (DNSC) would be sold.

''Since the start of disposals in 1993, deliveries of refined lead from the DNSC have averaged just over 40,000 tonnes per year,'' ILZSG said.

Lead was trading at $963 a tonne on Tuesday. The metal touched a contract high of $1,017 in December 2004, versus a low of $412 in August 2002.


aldwickk - 04 Nov 2005 06:53 - 28 of 100

3 Nov 11:30
MARKET TALK: Zinc Bull Market "Only Just Beginning"
Dow Jones - Zinc bull market "only just beginning" on back of strong fundamentals going forward, should peak in '07, says Standard Bank. Concentrate availability to remain tight till '07, '08 when new mine supply comes through, while robust demand coming from galvanized steel sector, but warns unreported stocks could be at substantial levels which will bring downside risk...

Andy - 04 Nov 2005 09:34 - 29 of 100

Aldwick,

Thanks, the last past of the last post being a most pertinent warning to those that think the price of zinc can only travel in one direction!

Like the price of oil, if zn increases too much in price, it could effect the demand, and result in a downturn.

I believe oil has hit it's peak, and the world ececonomy would struggle to pay higher prices, resulting in a recession, and a price drop through the subsequent drop in demand.

Zinc could suffer the same problem.

aldwickk - 04 Nov 2005 10:42 - 30 of 100

Andy,

Copper will be the first to fall dragging Zinc down with it, regards oil price BP's chairman said anything above $60 would be unwelcome so this winter will be very interesting.

Andy - 04 Nov 2005 10:51 - 31 of 100

aldwick,

It certainly will IMO.

When you read China will consume an additional 1 million BOPD in 2006, you have to ask what will happen to the price!

aldwickk - 06 Nov 2005 10:39 - 32 of 100

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