As I was the very last bunny to buy shares in AZC at 2.7c before it went into administration, I have to remain the optomist, For those who may go looking to see if they can claim a capital loss before the end of the financial year, sorry not yet.
Murray Zircon has been starting to advertise positions to try to get the Mindarie mine open again
About Murray Zircon and AZC---- from ABC news article 21st April
Australian Zircon put the mine under care and maintenance and went into voluntary administration two years ago. Chinese investor Orient Zirconic has showed interest in the mine and has undertaken a feasibility study.
It recently announced it will form a joint venture with Australian Zircon to manage the mine. Marty Adams, chief executive officer of Australian Zircon, says the joint venture will be called Murray Zircon.
Australian Zircon will retain 35 per cent of the company's ownership.
Two senior positions for the company have recently been advertised
Mining Manager - 6 June 2011
http://www.seek.com.au/Job/mining-manager/in/riverland-murray-mallee/19694289
Environment Manager - 11 May 2011
http://www.seek.com.au/Job/environment-manager/in/riverland-murray-mallee/19723683
Since the mine failed, another mineral sands company (Iluka ASX:ILU) has gone from below $3 to $17, (I sold at $2.90 - idiot). So maybe our current 35% of the original company will still be worth something.
Add to My Watchlist
What is My Watchlist?