Obvious issues to date include: 1. End of year selling 2. Market down generally prompt margin calls
Primary issue appears to be the ire of environmentalists (google search it) - but I think this will be overcome eventually due to the strong support of the government and chief of local tribe - as this an area that hasn't benefited from the resource boom that other areas of Zambia have.
Biggest concerns for me include: 1. Lack of information coming from the company 2. Selling off resource specific assets without transparent justification 3. All these inter related companies 4. Commissioning a copper only analysis of assets when the company was previously touting a multi resource asset
But you have got to ask / be pleased that people have sunk fresh capital into the company. Does anyone know who these people are?
Does anyone know what the likes of FP are saying about the company?
ZRL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held