JORC is irrelevant at this point
bottom line is they are about to pay c.$14m to increase their interest in an asset that is very much worthless at this point (their market cap is approaching $14m) and can be forced to pay the same again as the vendors have a put option over the asset
ZYL is close to going under unless they can renegotiate with the vendor. I cant see why the vendor would as they could regain 100% of the asset for zilch after already taking a huge amount of cash from ZYL.
If only ZYL stuck with Kangwane, it would have been smiles all round
happy for someone to enlighten me on how management are going to fix this?
quality over quantity, page-20
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1.7¢ |
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Mkt cap ! $76.05M | |||
| Open | High | Low | Value | Volume |
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| 55 | 10062835 | 1.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 4654217 | 8 |
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