RE:ZACI didn't realize that SantaCruz had sold the Zacatecas property last summer to the new proprietors.
When i saw the 'Zac' press release i thought 'well, this is what you see in a bull market--promoters out to capitalize'. I also thought but didn't point out the obvious: Zac can only succeed in THIS cycle as a PROMOTION.
They have to hit with the drill bit. Presently they have only wishes, dreams and the supurb pedigree of their ceo which, absent anything tangible, they are.understandably promoting the hell out of.
Meanwhile SCZ is superbly positioned for THIS cycle. They are bringing product to market in an environment of rising prices.
Zac went public today. SCZ owns 5 nil shares. ZAC has 52 mil shares free trading and 17 mil under restrictions--i'm not sure if they are part of the 52 mil float or are extra.
So here's to ZAC's successful promotion. It's good for us.
Cheers.
I