anyone still holding zincox.?Is there more to come.?(ie shares going up)

LONDON (Thomson Financial) - ZincOx Resources PLC said the Yemen parliament has approved the contract for development of Jabali zinc mine located 100 kilometres north east of the capital city, Sana'a.

The zinc oxide mineral exploration company said it expects the capital cost of about 176 mln usd for developing the project.

The company said the deposit is expected to be mined at the rate of 800,000 tonnes per annum of ore for the production of about 70,000 tonnes per annum of high quality zinc oxide. Production is scheduled to begin in the middle of 2009, it added.

ZincOx said it is in advanced stage discussions with London-based investment banking boutique, Exotix Ltd for a financing facility.

The contract is an agreement between the Ministry of Oil and Minerals, representing the Government of Yemen, and Jabal Salab Co (Yemen) Ltd, in which ZincOx holds a 52 pct stake with the remaining 48 pct stake being held by Ansan Wikfs (Yemen) Ltd, the company said.

new article, time for a rebound?

Click HERE

Andy, I sold the last of mine at 236 a few weeks ago, also sold GFM, and topped up my main core holdings AFR and CEY.

All a bit quiet but still holding from over 140p, I see though acc advfn they've received payment today for Shaimerden
link:
http://www.proactiveinvestors.co.uk/companies/news/4177/zincox-resources-confirms-receipt-of-us157-million-from-sale-of-shaimerden-deposit--4177.html
"
Following the receipt of the Shaimerden payment, expected before the end of this month, ZincOx will have almost US$92.5 million in cash. The Company is therefore in a remarkably strong position compared to many of its peers in the junior mining sector and is well equipped to ride out the current very challenging economic environment.
"
Market cap 21 million smacks of a serious undervaluation here. Well overlooked this company.

flying today and what a chart, around 135p of cash on the balance sheet after recent royalty payment plus quite a few assets! 135p being bought for 43p as we speak!!!

I like the look of the chart a nice rounded bottom worth buying for that alone..back to 60p imo.

Does look good.

some superb comment on the advfn thread, this looks like an undiscovered gem which seems to be re-rated at long last as it's not really a miner as such. The nav must be around 140p all for 41p a share!! Take a trip over to advfn and you'll see what I mean. proactive investor site has some great info also.

flying now, think 140p is valuation just with cash, they also have a few years of royalty payments, looks a fantastic find, loading up here.

a load more cash reserved and added to the cash pile this morning after that rns. Looking good level2.

aghh! Penny dropped with a few this morning.

Looking great glad I'm in @39p.

mitzy are you still in @ 39p?

hi halifax..no I sold the other week .

waiting for the next buy signal...

mitzy do we have a buy signal?

Yes I think we do halifax.

Will buy first thing on opening.

lol