Disco.You dont watch the daily share price on this stock. Its...

Disco.
You dont watch the daily share price on this stock. Its not a trader's stock. Too illiquid. I'm building a long term investment in ZGM.

When Zamia was trading at 10c the price of Mo was steady at about $US17.50/lb. Since that time commodity traders have sold off Mo after it was revealed 2011 would see a surplus in supply of 10MT. It currently trades at $US14/lb. Thats a 20% fall in 3 weeks. And probably the reason for the dip in share price.

It was also reported today that London's Financial Times claims Beijing underreported its steel production.?????

So maybe some games being played with metal prices here.

It's a volatile metal and carries the most risk with investing in this company. However, it means jack with ZGM being at exploration stage.

Once the rest of Moly Mines is gobbled up by the Hanlong Group and Rio Tinto take out Ivanhoe Mines, Zamia will be in an excellent position as owner of the largest independent Molybdenum deposit in Australia.

A fantastic position to be in with the Hanlong Group committing $5B to purchase Alloy and Alloy associated metal companies in Australia over the next 3-5 years.