RE:RE:RE:RE:Korea ZincThanks for the post Lastime. KingKyle is the one who deserve credit here. He woke me up to the idea. He has seen it coming from a long time ago. I was initially not really paying attention.
Looking in Sedar - Management Information Circular of June 22nd 2017.
Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”) owns 48,636,224 common shares carrying approximately 29.73% of all voting rights. To the knowledge of our directors and executive officers, no other person or company beneficially owns, directly or indirectly, or exercises control or direction over, shares carrying more than 10% of all voting rights. The last part got me good. It seems that this can be "fait accompli" already. All Tongling needs is 21% more and they can grab ownership. I knew that they own 30% but the fact that there is not really anyone that can really challenge them is something!
Again, KingKyle is right. Insiders ownership is low.
| Insiders | Acquisition | Options | Price |
| Thomas, John | | 265,000 | 0.40 |
| Strub, Marco | | 645,000 | 0.40 |
| MacDonald,Francis Kenneth | | 665,000 | 0.40 |
| Lew, Debbie | | 150,000 | 0.40 |
| Varshney, Peeyush Kumar | 333,375 | 1,745,000 | 0.40 |
| Varshney, Hari | 174,788 | 1,745,000 | 0.40 |
| Varshney, Praveen | 158,000 | | |
| | | | |
| Total | 666,163 | 3,490,000 | |
| % Float (112M) | 1% | 3% | |
| | | | |
| Canada Zinc Metals | 1,750,500 | | |
| % Float | 1.6% | | |
This may explain why the company has been aggressively buying some in the past year.
| Time | Shares | YOY Var. |
| Sept. 2015 | 996,000 | |
| Sept. 2016 | 1,184,000 | 19% |
| Sept. 2017 | 1,750,500 | 48% |
However, even with a 48% increase from 2016, the company can't even challenge Tongling. The fact is that they can be accumulating anonymously on a daily basis towards that goal.
The only thing that gives me comfort here is that the last options are at .40 cents so for the insiders to get their full pot one would think that it has to go above that price!
Assuming an aquistion at $0.50 cents with a 30% premium (low balling it!) would get us a share price of 0.65 cents. Insiders would be happy with >50% premium on their options at $0.40 cents.
The thing here is that all of us here (including insiders) can be up for a surprise if Tongling went hostile. However, I think the headlines would be too ugly for that to happen.
Anyways, who knows? I too will ride out this donkey now.
Hoping it turns into a thoroughbred. :-)
Lasttime wrote: Awesome ARIAMA, your posts were fab! Well presented and thought out. I enjoyed reading them. Both sides need to be presented. This stock is manipulated for some reason imho!
I have lost high six figures on owning securities that are “ LOVED BY ALL”, no negatives just the best best BESTEST stock ever, all the goods, management brilliant, assays awesome, major shareholders – world class, best thing since sliced bread I tell ya..*heavy eyeroll*.
Yes I want everyone to love CZX but how can we be sitting near year low, in an extremely HOT equity market, and amid rallying base metal prices? Something does NOT compute here.
I am in since before it was called CZX and heavy. I do believe they have the goods, I also believe we are getting screwed somehow. How about someone in the company or their PR person comment on the way this thing trades. And there is no need to humour me that you are not watching these posts and, or, you don’t understand what I am alluding to.