ZAG 0.00% 2.0¢ zuleika gold limited

Win, lose or draw the original decision including the pending...

  1. 1,431 Posts.
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    Win, lose or draw the original decision including the pending appeal by CYL is irrelevant as CYL won’t mine K2 for at least another 20 years as it concentrates on Trident and Salmon so $950k cost recovery is the best and final outcome for ZAG also the 4.1% of K2 is no free carry ZAG will also have to contribute 4.1 % of the costs if the ZAG is still around by then. If ZAG loses the appeal then 4.1% beneficial interest s gone but must pay legal costs incurred for the appeal. This is why Leroy resorts to personal attacks as he expected $millions in special costs. Once again if the market was happy with today’s announcement you would expect some (even minor) positives movement in ZAG’s share price. Nada whilst CYL rises by 25% albeit with a favourable analyst report
 
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