Hate to say it but their average buy in would have been approximately $1.05.
For them to sell at $1.10 is just plain stupid - there are far better investment opportunities out there for a short term gain of what would be in essence less than 4%.
Like I said - too many players involved now - ZFX had enough trouble dealing with an already incompetent AGM board, lets see how they play with people that actually KNOW how to manage their finances.
ZFX couldn't muster an additional 5 cents a week ago - I see no reason why they'd continue to prop up AGM with a consistant bid that doesn't attract any shares but simply supports their target - which in the meantime the AGM board will finalize their mine and be untouchable.
Maybe ZFX is looking out for AGM in this time of financial instability? Maybe the "beards" and Michalemore are at the local pub in western Tassie right now putting down a few Crownies and having a grand old laugh at this play.
I do believe (and hope) that ZFX will walk - so I can re-enter AGM at a lower price and also this will allow AGM to continue on with their project, not to simply do all the hard work for ZFX to pinch at the finish line.
AGM Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
