Spot on. AGM holders seem to forget that ZFX's $1.00 bid has protected AGM from the carnage the rest of the market has endured. The $1.00 bid has a lot more premium in it now than when first made. AGM would be around 50c without the bid so ZFX have in fact offered a 100% premium.
That's why ZFX should announce clearly to the market that there will be no further extension. NONE! Watch the elevator fall to the 50c.
ZFX
zinifex limited
who is the next one if no to agm, page-17
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