Yes looks like your money is gonski. Dart Mining have announced they have shelved their moly project in northern Victoria until the price of moly kicks up again. For me its unlikely to bounce for a long long time. Pretty soon the Chinese will stop building ghost cities and heap further pressure on price of alloys etc
As for ZGM its been a disaster. Not only public s/holders but for the privates also. Was hoping to see some exploration success by now, there is results pending from the Gold Fields drilling due at anytime. No ones buying shares so the indication is it will be unsuccessful, even if they hit something and split it with the JV partner the most the company could be worth in this market is $10M. So 2-3cents. Then more capital raising and more depreciation of your stocks worth.
Kiss your/our cash goodbye.
ZGM Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
