ZRL 0.00% 3.7¢ zambezi resources limited

zrl is rock solid, page-9

  1. 11 Posts.
    Yes. If you look through the annocenment on 27/2 appendix it says Zambezi issued them with 50,000,000 at 0.01. I have no idea why they were issued at such a low price (if anyone can help here this would be good) but since they go 50million at 1/2 the market price why wouldn't you sell them at 0.02 and make a quick $25,000. Stupid move by ZRL if you ask me. I'm just amazed it took them that long to sell them back to the market. Maybe they were hoping for 0.03.
 
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