Just checking in to see what's happening. According to Chess, an...

Just checking in to see what's happening. According to Chess, an effected transfer was taken out moving your shares from being Chess sponsored to the registry. It's a normal process for companies engaged in extended administration.
The code on my statement says "EFFECTED CHESS TO REGISTRY MOVEMENT ( Code F)". Your next Chess statement should reflect this.

Despite the global state of affairs, I am still quite confident KZL will come out of admin but no earlier than November.

I heard recently that the EPA are satisfied with Kagara's explanation, review and actions carried out to deal with the water contamination problem at Baal Gammon.

Everything going forward pretty much hangs on what the Chinese do later in the year. I believe they will open the purse strings and zinc will jump, hopefully in line with rise in the AUD.

Headline zinc stocks have crossed over 1,000,000t as miners dump excess inventory and demand has wavered. However, 160,000t of this is on backorder, so the net is 847,000t and Chinese zinc stocks have dropped 100,000t in the last year, so really we are dealing an excess of 747,000 with several big mine closures next year. The largest zinc miners at the moment are doing it tough making circa 12c a pound profit - if they are lucky, which is unsustainable and will force cutbacks, especially if the price falls any lower.

The chart below shows the warehouse zinc stocks in Shanghai.

I am off for four weeks, will check in then...

Cheers,
BB