RE:RE:RE:RE:From Company website
ndiamond wrote: Rob, I do own over 1 million shares. And I've added about 600,000 of them at these levels. My average cost is about 16 cents. I will keep accumulating. Quality names like ZNX will take off again -- we all know it -- once the investor sentiment towards base metals comes back. We know it's a cyclical business - and interest will return at some point.
From my perspective - ZNX put out the PEA last year (very strong numbers). There exploration season does not beging till Spring. So I would expect management is formulating plans for this upcoming season. And from past calls into management - it sounds like they continue to be in discussions with some very large mining groups (we know from press releases and presentations - they already have big names like Tongling Nonferrous Metals, Teck and Korea Zinc as shareholders).
And yes -- I am okay waiting for a buyout. I think we could see $150 million to $200 million for the main asset ! And hopefully when the spinout happens - it will get me over 1 million shares of the spinout based on my existing postion.
Dude- your down at least 20% or >30k$. I admire your conviction not to trim loss but don't keep saying your accumulating as other ppl with less than deep pockets could lose their money. Commodities like zinc broken down.....GL