whered everyone go, page-3

I keep asking myself why would these guys bother issuing them self freebies on top of big issues.

Im also asking why the Aim sp hasnt tanked more.$200M is still a very big market cap for such a non-producer.I remember the days of a company being lucky to have a market cap of 75M with such a promising project as Perkoa.Perhaps its the very strong resources market that the ASX now houses.

At some stage the zinc price has to reach a level at which many developing mines become unviable again just as we had prior to the metals boom.The Chinese are importing massive amounts of zinc concentrate and are now reliant on concentrate imports more than ever.

So why would the Chinese be producing such impressive end metals numbers?

Imho they are doing just what they said theyd do a year or so ago.They are creating their own stockpile for both security of supply as well as the added benefit of shifting the capability of market pricing from a purely Euro/Us one to a more Euro/Asian one.There have been many reports of late that there are zinc stocks sitting in non-monitored Chinese warehouses.Some of this occasionally filters down to the Shanghai numbers but considering the recent Chinese zinc metal production number of 4Mt they must be putting it somewhere for some reason or its being used.Probably a bit of both.But the end result is the same,its not being dumped(yet anyway)on the LME market.

IF the coming iron ore demand/pricing numbers continue their upward trend then their is some hope that this zinc price will rebound or remain abobe $1/lb at the very least.

One thing is for certain if it drops much more we will start seeing annmnts stating the cancellation of mine projects,not what the Chinese want when they are importing such massive amounts of concentrate.

Just looking for a reason as to why the Aim ords sp is still around 19/20c on the back of such horrible zinc fundamentals.

d.