I agree. I think their takover play was an attempt to make them less of a target themselves. It will be interesting to see their reaction to AGM's statement yesterday which presented a compelling case for rejecting the offer. I had though that a potential buyer for ZFX might have been waiting for the $10 barrier to be broken, we'll see soon if that is the case. I am speculatively positioned for a short term play. It hasn't broken to a new momentum low yet, but that may happen today.
ZFX
zinifex limited
now it the time to load up the truck, page-3
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