ZNC zenith minerals limited

6.25%

3.0¢

V strong chart patterns, page-9

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22/04/21

10:27

Post #: 52642872
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Originally posted by LittleArt: ↑

Apart from the obvious, the Earaheedy result will have many beneficial effects on the ZNC share price.

Liquidity will be improved. You will now be able to get in and out of ZNC shares far more readily than before.

Extra liquidlity should also lead to a more informed market price. If ZNC is truly 'under the radar' and undervalued, this will change as more people take a look because of Earaheedy.

'Stale bull' shareholders disappear to be replaced by believers in the ZNC story.

All of the above leads to a situation where it will become more difficult to acquire ZNC shares without pushing the price significantly higher.

That is, ZNC has 294m shares on issue with broadly two thirds held by the top 20 shareholders. That leaves around 100m shares that are tradable assuming the top 20 are disinclined to sell, which makes sense at this early point of dscovery. If ZNC becomes a 'must have' share it wont be easy to purchase the limited ZNC shares available without pushing the share price up significantly.

Finally, Earaheedy has changed the risk reward paradigm. That is, the ZNC share price is now underpinned by the Earaheedy excitement (for a little while at least) .

in the meantime, ZNC has numerous free kicks at goal (Red Mt, Split Rocks, Develin Creek etc).

Thus, until Earaheedy proves disappointing (which I doubt) ZNC shareholders are taking a small risk compared to the big potential returns.

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Best buy in now, stock is tightly held...share price is expected to be very bullish based on upcoming results

ZNC Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change -0.002(6.25%)		Mkt cap ! $15.88M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.0¢	$22.96K	724.2K

Buyers (Bids)

No.	Vol.	Price($)
3	186243	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	39155	1

View Market Depth

No.	Vol.	Price($)
3	186243	0.030
2	108620	0.029
2	171602	0.028
1	100000	0.027
1	19248	0.026

Price($)	Vol.	No.
0.033	39155	1
0.036	70000	1
0.037	92500	2
0.038	4642	1
0.040	50000	1

Last trade - 15.22pm 25/07/2025 (20 minute delay)

ZNC (ASX) Chart

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