RE:RE:RE:Matt...WRONGbecause the insiders and first cheap pp purchasers sold their paper and warrants and took the money and ran and do not want to plow any of the money back into the new pp's BECAUSE they all sold at the lower price level around 8-10 cent, the market took out all that stock by accumulation and based on the story have driven the stock to these levels betting on the Makela and inco geologists doing the work based on their reputable theory....the latest tranche closed was only closed when warrants were exercised and the over $1 million in debt that was owed was paid and the debtors plowed the money back into the tranches announced.....zimtu management has a bad track record recently with financings and pp placees recouping pp monies, the list is long, just go and look at the zimtu website, hence the trouble to close the announced pp's, also historically when pp's are announced way below market they are done to scare off buyers as the price of any stock announcing a pp way below market usually drifts to that level as the move is indicative of insiders unloading and reloading at the lower pp price, in this particular play the stock doubled, the non closing of the pp's is wonderful news for the market as more likely the stock will continue upwards even before any news is issued, short at your own risk, buy if you like the story, the chances are pretty good with the team and the fact the geology has never been drilled there, others with nickel already confirmed from historic work in the area play are HHS DGO PST
wasagastar wrote: Funny, wish I knew about this. I was in Huntsville same weekend at Deerhurst. Just one question and this is not a bash because I'm a shareholder and I want this to succeed. Why hasn't the PP closed?