ZIP 0.70% $2.85 zip co limited..

Other Stocks non ZIP discussion, page-55

  1. 10,606 Posts.
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    It appears to have a lot of resources - approaching $1 bil in assets including a few hundred mil cash, not a lot of liabilities and seems to have the resources to be able to weather the storm of underperforming lithium prices, which are expected to improve as demand increases. It has found the stuff, has the Plant & Equipment to extract the material, but it is spending almost half its income on development, and it is hard to mothball stuff until the market comes good. Might be a while until it happens though. Having said that, its share register is full of big funds which seem willing to tough it out. I think those characters who jumped in were a little ahead of themselves
 
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