Up to this point the smallish in-house placements have served shareholders well post GFC hibernation period.(share price up 300%)
I've stated in previous posts that at some stage this thing needs to be opened up. More shares on issue... ie more retail and hopefully institutional investors on the register giving traders an opportunity to get in and play on positive news as well as large holders an opportunity to get in and hold without fear of holding a 'lemon' should negative news arrive.
My only query going forward is management's inexperience in project development. Read back as far i can and these guys are relatively new.
Looking forward to that shiny new JORC.
ZGM Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
