ZMI 0.00% 1.1¢ zinc of ireland nl

Ann: Sulphide Mineralisation Intersected at Kildare Project-ZMI.AX, page-122

  1. 594 Posts.
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    You have made a poor choice entering this company solely based on what others on here have stated. Doing you own due diligence is important for the fact it is your money and you're solely responsible for it. In the short term I can say instos don't drop 1.2 million in a CR which they apparently approached management for, if they don't believe they are going to see a good return in respect to their investment. Today's sell down was always going to happen (I personally should have researched the second allocation date) as the market was flooded with shares issued well in the money at 0.008. Management so far have been pretty on the money, providing whats required but not over promising to create a pump and dump scenario. Historic drill results and and the current zinc price will be the catalyst for this company, something which I am personally willing to invest in. I believe others are mainly setting targets within the 4c range as option holders would like to be in the money early if this takes off post results. All trading is high risk, especially on this end of the market, we all do our research to be as risk averse as possible. Nobody minus time machine can tell you where this co will be in 4 months time, however the strong volume churn today even during a sell down was an excellent sign of the support. I personally (emphasis on personally) don't see us sticking around sub 2c for long, factoring in the games being played during live trading to suppress any retrace today (Plus purposely sold down to 1.8 in close auction), the 2.4c CR and the 2c listed options, all look form a solid argument for a move a few ticks up to close the week.
 
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Last
1.1¢
Change
0.000(0.00%)
Mkt cap ! $2.345M
Open High Low Value Volume
1.2¢ 1.2¢ 1.1¢ $1.449K 122.6K

Buyers (Bids)

No. Vol. Price($)
1 68245 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 326333 2
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Last trade - 14.55pm 28/06/2024 (20 minute delay) ?
ZMI (ASX) Chart
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