Got to give it you PR it's a pretty sensible and thought out post detailing your reasons for exiting AIM.
Several of your points are debatable and several I would probably agree with.
The zinc price is hard to predict as I have heard talk of surpluses coming through. Yet how many have accurately predicted commodity prices correctly over the last 4 years? ZFX are confident in the fundamentals going forward.
I think if Mumbwa goes ahead it's going to be a huge project - 20% is enough for me.
The lack of institutions may worry you but actually gives me great confidence. JPM and several large private investors have big stakes. Why on earth did they buy in when they bought in?
With great risk comes great rewards I suppose.
Interestingly I have been looking at another stock where you have been critical of management - CCI. Again i'm hoping the strength of the project and imminent production overcomes poor management.
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84.5¢ |
Change
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Mkt cap ! $176.4M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1500 | 84.0¢ |
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Price($) | Vol. | No. |
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85.0¢ | 50000 | 1 |
View Market Depth
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1 | 3000 | 0.830 |
1 | 5000 | 0.820 |
1 | 12345 | 0.810 |
2 | 8280 | 0.805 |
Price($) | Vol. | No. |
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0.850 | 50000 | 1 |
0.920 | 20000 | 1 |
0.930 | 20166 | 2 |
0.940 | 30000 | 2 |
0.945 | 25000 | 1 |
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