ZGM 0.00% 0.6¢ zamia metals limited

whats that old saying....., page-7

  1. 185 Posts.
    Spoke with Jeff Broomhead at ZGM almost two weeks ago;

    Quarterly report is due this/next week.
    This will outline that the company is in a state of hibernation and has sufficient capital to last 12months
    There is no money currently available in the external credit market today.
    A memorandum will be released in early March, outlining a shareholder capital raising.
    There is a resource there to be drilled out.
    Not currently sure of commercial viability – when last moly report was released, moly was trading at $33/lbs. They applied a long term value against it at $14.50. It is currently trading at $12/lbs.
    Regards,
    Doubledown
 
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Currently unlisted public company.

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