ZGM zamia metals limited

zamia gold: a goldie for the black book

  1. 13,013 Posts.
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    Have been accumulating these for a little while now. Those punters with charting facilities may care to look at the OBV on this one. Since April this year, OBV has risen while share price has fallen. Clearly, significant accumulation has been taking place over a long period. RSI is also in a counter uptrend and all in all, I think we've seen the bottom at the 15to 17 cent level.

    Geologically, this is a pure spec play but the structure being investigated is certainly promising and the potential upside of this type of volcanic caldera is large eg Lihir Gold. Not saying that it will necessarily turn out so, but in my humble view, its worth a punt.
 
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