gdaf, you make an interesting observation because the substantial shareholder that you mentioned came onto both ZNC and CAP register quickly and strongly.
As Peter mentioned in a previous post regading AGO/GIR, there is I believe some imediate synergy between three stocks for AGO, and these are ZNC , CAP and GUN.
Looking just at ZNC and CAP's area both are close to infra-structure, the iron ore is of the higher grade with little impureties its a good consolidation of iron ore holdings in Australia for AGO and just maybe their registers with the substantial shareholders which may be friendly to AGO should the need arise.
ZNC Price at posting:
60.8¢ Sentiment: Buy Disclosure: Held
