Actually, Zincx is doing very wellI am going to disagree with the previous poster on all fronts:
The CEO was buying a lot of Zincx. Most intelligent investors would regard that as a very good sign.However, they stopped buying exactly a month ago. Can you guess why that could be? The answer: Insider Blackout Period.
"A blackout period is a policy or rule setting a time interval during which certain actions are limited or denied. It is most commonly used to prevent company insiders from trading stock based on insider knowledge."
Turn it in to a private company? LOL
The company is majority individual owned. How would that work?
No Communication? They announced that Teck, Zincx's current partner, is staying at Zincx's facilities while Teck drills this summer at their site just 15 minutes from Zincx's property. Let's wait to see how this plays out. Further, you could always pick up the phone and call them. Further, like most stocks, the old adage "sell in May and go away" applies, It's summer. But summer is coming to a close very rapidly.
The Chinese? Tongling is not a major share holder. They only own approx. 25% of the shares. However, they bought at 40 cents and at 70 cents a share. The rest of the shares are mostly held by individual shareholders.
Drill results? Tongling's lab conducted the tests. Perhaps they are waiting for Teck to play this out as well. And yes, " Chinese money has continued to pour into Toronto-listed miners."
........."Canada's critical miners received at least a dozen investments worth $2.2 billion in 2023 from new and existing investors in China and Hong Kong, a huge increase over $62 million in 2022, data compiled by the University of Alberta's The China Institute shows."
"What you are seeing is the reality, that there is no blockade of Chinese investments in Canada... it is a perception issue," said Dean McPherson, head of mining at TMX Group Ltd."
Look it up.
Spin-out? Teck is the most obvious purchaser of Zincx. For many reasons. Why would Zincx spend the money prior to a total acquisition of Zincx?
Regardless, if the communication, as you claim, is so poor, how do you know that they aren't working on a spin out?
Dead company? Your conclusion the company is dead, while Teck's people are currently at Zincx, over the last 3 weeks of the quiet summer months, prior to their drill results, prior to $9 Billion cash infusion to Teck and prior to an obvious acquisition, is short sighted.
You might also want to advise Ross Beaty who bought 10 million shares of Zincx just over a year ago. He smarter than all of us. What did he see in Zincx?
Last I looked, sells were at 10 cents. And the share price rapidly rises from there. Very few are selling their shares. If you think it is wise to do so, why don't you sell your shares and move on. Or perhaps you want to entice some to sell their shares so you can pick them up for very cheap.
Zincx may be very close to being acquired.
Zincx is extremely under valued.