the ceo with a small eye

I'm down heaps on this stock as well. I cannot see how buying a company like ZFX was going to add value when its mine life ends in 2016 or thereabouts. I can only assume they wanted to be a bigger company for the sake of being bigger (reading in between the lines of what the CEO's have said) and they wanted the money in ZFX bank account for acquisitions. If they make the right acquisitions the company will be rerated but its another risk. Will they pay too much for another comapany as they seem to have done for ZFX. Its a case of believing in management as to whether you stick with them at the moment and in this current market thats a big ask. For the stock to keep falling like this the instos must not be happy with the merger either although I wouldn't be surprised if the last half hour of trading related to the instos preempting a fall on wall street tonight.