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6.25% 5.1¢ zenith minerals limited

Mackerel Resources, page-3

  1. Elephant1
    50 Posts.
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    29/03/23
    19:52
    Post #: 67029846
    The proposed Mackerel float was another disaster.
    Awful timing, doing this just before Christmas. Priced too high, at the time the price was higher than the Zenith share price. Accordingly the Chairman couldn't raise any money for it. Whoever had advised them on this should have been shown the door. The share price has been going south ever since, and reached a 52 week low of 17 cents today, what a joke!
    ZNC Price at posting: 18.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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