ZGM 0.00% 0.6¢ zamia metals limited

Nick, You've summed it up well, been some big trades the last...

  1. 2,801 Posts.
    Nick,

    You've summed it up well, been some big trades the last couple of days i estimate the same buyer has picked up between 3-5 million shares averaging 9.5 cents.

    The fear at the moment is the cap raising.. when/if and at what price. They raised $1.5 million early last month at 5.5 cents to complete initial resource drilling.

    The question is how much cash do they have left and how much do they need to complete the 'priority' drill campaign to a depth of 2000 metres.

    I'm hoping they dont tap the market until after the next drill because the word in the 'pub' is the resource is BIG and of very high quality.

    If your looking for inspiration, check AQR's recent share price explosion, both were of a similar market cap.
 
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