I just realized that I accidentally clicked stock held in my last post. Just to clarify, I don't hold TZN but I think it is a hold pending news re: strategy and sale. They still have 2-3 years of good production from Oz assets, which have further exploration upside. When they sell Tala Hamza - (I think this is likely), they will need to move fast and put cash to work on acquiring acreage that can be put into production within 2-3 years. The Chinese and autocracies in Africa have a lot in common.
They have a window of opportunity to sort themselves out. If the markets dip between now and November and they complete this sale they will be in a nice position to go shopping for near production assets in need of cash.
One possibility (pure speculation on my part) is to establish a J.V. with KZL & PEM together with a Chinese partner to develop Admiral Bay. Cost 1 billion - 50% zincers & 50% China. Sovereign risk - nil.
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2.6¢ |
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Mkt cap ! $55.03M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 395197 | 2.6¢ |
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Price($) | Vol. | No. |
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3.4¢ | 259179 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 395197 | 0.026 |
2 | 107096 | 0.024 |
1 | 47619 | 0.021 |
2 | 1100000 | 0.020 |
1 | 1000000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 259179 | 2 |
0.038 | 101248 | 1 |
0.039 | 50000 | 1 |
0.041 | 164448 | 1 |
0.042 | 51894 | 2 |
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