At the moment money going into quicker moving stocks to recoup losses. Hence no patience for stocks like ZCO. The ASX has caused a few months delay to the deal by requiring a prospectus - Pain!
But - smart money will move in for the bargains. Once the deal is done, ZCO will move up significantly from here. Currently MC = Cash in bank, never mind all the Tassie projects & the NSW coal deal.
DYOR
cheers
ZCO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held