no surprise, they sold develin creek they got some cash split rocks and waratah well still fall under the JV terms and conditions until one of the divorcees notifies the other in black and white the JV still stand so the next logical thing to do is start work yilmia or Hayes hill this announcement is not so clear no deadlines not schedule with the AGM coming up soon, the management will be worried of being questioned about what they have been doing.....? with peoples money
the things that shocked me:
1- ZNC Is a pure lithium play now: make me feel WTF!!!! all the money been spent on Gold and Copper assets rare earth nickel zinc etc then suddenly DL says we are a lithium company and there will be no float of mackerel he reset this business and make us go back to square one now someone will say that is simplifying the business focus on one and only commodity but not everyone is here for lithium only
2- he mentioned a special thanks for Mick Clifford and that he spoke with him every single day that tells me how incompetent he is , whatever job he is doing, he needs info to manage himself and the talks that he hold. he is a relay station between parties and he knows ZERO things about exploration. mind you he was not even competent at Mackerel float. that was the area of expertise. and obviously he threw a spanner in the works.
frustrating but trying be patient i hope this company doesn't turn into a lifestyle business where management live luxury life with peoples money drill , results, raise , burn cash raise again rinse wash
my thoughts not a financial advice
ZNC Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
