Rabooth: For as long as GOR continues to be recommended by financial analysts in The Australian as a top 20 ASX 2015 tip - and for as long as the GOR share price increases or the company is valued above a 150 million market cap - then MZM is a screaming buy. The thin trading volumes are indicative of a company with only 70 million shares issued. Recent history shows what happens when buyers try to accumulate MZM - it becomes a multibagger in a very short period of time. One more click on GOR and their share price has increased today by more than the total market capitalisation of MZM. Remember, MZM has circa $10,000,000 in current assets and no debt. The directors at MZM have their pensions locked into MZM and are hugely incentivised with options that will bring significant returns if the share price goes where l think it is going. Recent announcements not only explicitly correlate GOR's drilling results at their Gruyere, Toto and YAM14 prospects (and their multi million ounce situation) with those of MZM's prospects at ELA 38/2889 but also add that exploration and land access agreements have been finalised. Once they get to the drill bit hitting it then this will be nothing short of multibagger outcome. Moore is supremely confident - and has every reason to be so given the WMC historical exploration data. Exciting times ahead.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 20000 | 22.5¢ |
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Price($) | Vol. | No. |
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23.5¢ | 52127 | 2 |
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1 | 508 | 0.260 |
1 | 20000 | 0.225 |
4 | 231669 | 0.220 |
3 | 43257 | 0.215 |
4 | 38039 | 0.210 |
Price($) | Vol. | No. |
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0.235 | 52127 | 2 |
0.240 | 23898 | 2 |
0.245 | 20408 | 1 |
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