Thanks Nicholas. As I have stated in earlier post I attached no value to any of the current projects.
Another poster liked Yamarna but that's obviously history and given his lack of recent posts he may have sold or lost interest.
That leaves 2 issues-
- Negative value because current management is wasting time/money and allocating itself dilutive options.
- The value of the investment portfolio
I obviously missed the opportunity to attend the AGM and we will now have to wait for the next one.
That's actually not too bad a thing since it gives me/us time to accumulate more if values get out of hand.
As a former hedge fund manager I have seen it all but I must say it would be impossible for this stock to drop to 0.05/share assuming underlying investment portfolio stays about where it is now.
Going forward I will be all over the management team if I perceive that shareholder money is being wasted.
At the next opportunity we can exercise our rights as shareholders if we believe that's what needs to be done.
lets keep talking
cheers
MZM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
(20min delay)