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5.0¢ zenith minerals limited

There are reasons why selectively briefing shareholders who have...

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naive lamb

152 Posts.

6

05/05/23

11:33

Post #: 67624044
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Originally posted by ithaca: ↑

naive lamb,

I can see your point of view. However, I am satisfied of the reasons they give for the share price decline and explanation of the why Mackeral did not proceed.

They certainly haven't been good at providing information to the market on these things previously, which suggests to me that 1) they are hopeful that the JV with EV Metals is not dead and can be resurrected and 2) that management at the time was heavy with Geologists and excluded David Ledger and they need help with these things other than exploration which is what David Ledger brings with him. If it takes 4M options to do this, then so be it. He does have to put his own cash eventually to exercise the options if the share price is high enough, which of course is in all shareholders interests.

Anyway, these are my reasons for voting in favour of the options.

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There are reasons why selectively briefing shareholders who have not signed a CA with such information is a really bad idea. Corporate and legal reasons that DL and the 2 lawyers on his board really should have known. I will pass the 2 lawyers on the basis they probably did not know it was going out, but Michael and DL have 2 lawyers on the board plus whoever is the company lawyers and still do that?

ZNC Price at posting: 14.5¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 5.0¢		Change 0.003(6.38%)		Mkt cap ! $17.61M

Open	High	Low	Value	Volume
5.0¢	5.0¢	5.0¢	$5K	100K

Buyers (Bids)

No.	Vol.	Price($)
1	87671	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	3209	1

View Market Depth

No.	Vol.	Price($)
1	87671	0.047
1	163861	0.046
1	55555	0.045
1	100000	0.041
2	27500	0.040

Price($)	Vol.	No.
0.050	3209	1
0.051	249170	1
0.055	46080	1
0.065	225000	1
0.070	196987	1

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